Recon Technology (Recon Technology) Price-to-Tangible-Book : 0.08 (As of May. 08, 2024)

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What is Recon Technology Price-to-Tangible-Book?

As of today (2024-05-08), Recon Technology's share price is $1.83. Recon Technology's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was $23.71. Hence, Recon Technology's Price to Tangible Book Ratio of today is 0.08.

The historical rank and industry rank for Recon Technology's Price-to-Tangible-Book or its related term are showing as below:

RCON' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.07 Med: 1.14 Max: 2.67
Current: 0.08

During the past 13 years, Recon Technology's highest Price to Tangible Book Ratio was 2.67. The lowest was 0.07. And the median was 1.14.

RCON's Price-to-Tangible-Book is ranked better than
99.14% of 929 companies
in the Oil & Gas industry
Industry Median: 1.36 vs RCON: 0.08

A closely related ratio is called PB Ratio. As of today, Recon Technology's share price is $1.83. Recon Technology's Book Value per Sharefor the quarter that ended in Jun. 2023 was $23.71. Hence, Recon Technology's P/B Ratio of today is 0.08.

Recon Technology Price-to-Tangible-Book Historical Data

The historical data trend for Recon Technology's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Recon Technology Price-to-Tangible-Book Chart

Recon Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.23

0.53

2.67

0.36

0.26

Recon Technology Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.67	0.63	0.36	0.75	0.26

Competitive Comparison of Recon Technology's Price-to-Tangible-Book

For the Oil & Gas Equipment & Services subindustry, Recon Technology's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Recon Technology's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Recon Technology's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Recon Technology's Price-to-Tangible-Book falls into.

Recon Technology Price-to-Tangible-Book Calculation

Recon Technology's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	1.83	/	23.706
	=	0.08

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Recon Technology Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Recon Technology's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Recon Technology (Recon Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Recon Technology Ltd (NAS:RCON) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

HRC1:Germany

Address

No. 1 Shui’an South Street, Room 601, Chaoyang District, Beijing, CHN, 100012

Website

http://www.recon.cn

Recon Technology Ltd is an oilfield service company. The company is engaged in the sale of oilfield automation products, equipment for oil and gas production and transportation, and engineering services. It has four reportable operating segments: Automation Product and Software, Equipment and Accessories, Platform outsourcing services, and Oilfield Environmental Protection. Majority of the firm's revenue comes from the Automation Product and Software segment.