Zhejiang Tengen Electric Co (SHSE:605066) Price-to-Tangible-Book : 1.83 (As of May. 09, 2024)

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What is Zhejiang Tengen Electric Co Price-to-Tangible-Book?

As of today (2024-05-09), Zhejiang Tengen Electric Co's share price is ¥7.91. Zhejiang Tengen Electric Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥4.31. Hence, Zhejiang Tengen Electric Co's Price to Tangible Book Ratio of today is 1.83.

The historical rank and industry rank for Zhejiang Tengen Electric Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:605066' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.73 Med: 2.29 Max: 3.52
Current: 1.84

During the past 8 years, Zhejiang Tengen Electric Co's highest Price to Tangible Book Ratio was 3.52. The lowest was 1.73. And the median was 2.29.

SHSE:605066's Price-to-Tangible-Book is ranked better than
57.83% of 2305 companies
in the Hardware industry
Industry Median: 2.07 vs SHSE:605066: 1.84

A closely related ratio is called PB Ratio. As of today, Zhejiang Tengen Electric Co's share price is ¥7.91. Zhejiang Tengen Electric Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥4.59. Hence, Zhejiang Tengen Electric Co's P/B Ratio of today is 1.72.

Zhejiang Tengen Electric Co Price-to-Tangible-Book Historical Data

The historical data trend for Zhejiang Tengen Electric 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.

Zhejiang Tengen Electric Co Price-to-Tangible-Book Chart

Zhejiang Tengen Electric Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

3.24

2.92

1.81

2.17

Zhejiang Tengen Electric 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															1.89	2.30	2.06	2.17	1.80

Competitive Comparison of Zhejiang Tengen Electric Co's Price-to-Tangible-Book

For the Electronic Components subindustry, Zhejiang Tengen Electric 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.

Zhejiang Tengen Electric Co's Price-to-Tangible-Book Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhejiang Tengen Electric Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Zhejiang Tengen Electric Co's Price-to-Tangible-Book falls into.

Zhejiang Tengen Electric Co Price-to-Tangible-Book Calculation

Zhejiang Tengen Electric 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 )
	=	7.91	/	4.314
	=	1.83

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.

Zhejiang Tengen Electric Co Price-to-Tangible-Book Related Terms

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

Zhejiang Tengen Electric Co (SHSE:605066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Tengen Electric Co Ltd (SHSE:605066) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sulu Industrial Zone, Liushi Town, Zhejiang Province, Yueqing, CHN, 325604

Website

http://www.tengen.com

Zhejiang Tengen Electric Co Ltd is engaged in production and sales of low-voltage electrical products such as power distribution appliances, control appliances, terminal appliances, power appliances, and instrument appliances. The company produces industrial electrical products such as low-voltage power distribution and industrial control electrical appliances, smart meters, power supplies, frequency converters, high-voltage electrical appliances, and construction electrical appliances, for electric power, communications, new energy, industrial and civil construction, metallurgy, petrochemical, machinery manufacturing.

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