U-Best Innovative Technology Co (ROCO:4714) Price-to-Tangible-Book : 1.64 (As of May. 27, 2024)

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What is U-Best Innovative Technology Co Price-to-Tangible-Book?

As of today (2024-05-27), U-Best Innovative Technology Co's share price is NT$20.75. U-Best Innovative Technology Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was NT$12.66. Hence, U-Best Innovative Technology Co's Price to Tangible Book Ratio of today is 1.64.

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

ROCO:4714' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.61 Med: 1.04 Max: 1.77
Current: 1.64

During the past 13 years, U-Best Innovative Technology Co's highest Price to Tangible Book Ratio was 1.77. The lowest was 0.61. And the median was 1.04.

ROCO:4714's Price-to-Tangible-Book is ranked better than
54.61% of 1487 companies
in the Chemicals industry
Industry Median: 1.81 vs ROCO:4714: 1.64

A closely related ratio is called PB Ratio. As of today, U-Best Innovative Technology Co's share price is NT$20.75. U-Best Innovative Technology Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was NT$12.89. Hence, U-Best Innovative Technology Co's P/B Ratio of today is 1.61.

U-Best Innovative Technology Co Price-to-Tangible-Book Historical Data

The historical data trend for U-Best Innovative Technology Co'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.

U-Best Innovative Technology Co Price-to-Tangible-Book Chart

U-Best Innovative Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.20

1.07

1.18

1.00

1.25

U-Best Innovative Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.05	1.14	1.26	1.25	1.77

Competitive Comparison of U-Best Innovative Technology Co's Price-to-Tangible-Book

For the Specialty Chemicals subindustry, U-Best Innovative Technology Co'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.

U-Best Innovative Technology Co's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, U-Best Innovative Technology Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where U-Best Innovative Technology Co's Price-to-Tangible-Book falls into.

U-Best Innovative Technology Co Price-to-Tangible-Book Calculation

U-Best Innovative Technology Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	20.75	/	12.66
	=	1.64

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.

U-Best Innovative Technology Co Price-to-Tangible-Book Related Terms

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U-Best Innovative Technology Co (ROCO:4714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » U-Best Innovative Technology Co Ltd (ROCO:4714) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 258-26, Anding,, Anjia Village,, Anding District,, Tainan, TWN

Website

https://www.u-best-inno.com

U-Best Innovative Technology Co Ltd is a Taiwan-based company engaged in manufacturing and trading polymer chemical raw materials and synthetic leather, plastic leather, and flocked fabric; development, leasing, and sale of residential and office buildings; breeding of livestock; and trading of commodities. The products of the company's polymer chemical raw materials include polyurethane resins, adhesives, surface treatment agents, and solvents.

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