Suzhou Agioe Technologies Co (SHSE:688450) Price-to-Tangible-Book : 1.48 (As of May. 25, 2024)

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What is Suzhou Agioe Technologies Co Price-to-Tangible-Book?

As of today (2024-05-25), Suzhou Agioe Technologies Co's share price is ¥23.38. Suzhou Agioe Technologies Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥15.80. Hence, Suzhou Agioe Technologies Co's Price to Tangible Book Ratio of today is 1.48.

The historical rank and industry rank for Suzhou Agioe Technologies Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:688450' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.48 Med: 2.31 Max: 2.85
Current: 1.48

During the past 5 years, Suzhou Agioe Technologies Co's highest Price to Tangible Book Ratio was 2.85. The lowest was 1.48. And the median was 2.31.

SHSE:688450's Price-to-Tangible-Book is ranked better than
67.28% of 2833 companies
in the Industrial Products industry
Industry Median: 2.11 vs SHSE:688450: 1.48

A closely related ratio is called PB Ratio. As of today, Suzhou Agioe Technologies Co's share price is ¥23.38. Suzhou Agioe Technologies Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥16.43. Hence, Suzhou Agioe Technologies Co's P/B Ratio of today is 1.42.

Suzhou Agioe Technologies Co Price-to-Tangible-Book Historical Data

The historical data trend for Suzhou Agioe Technologies 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.

Suzhou Agioe Technologies Co Price-to-Tangible-Book Chart

Suzhou Agioe Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

2.31

Suzhou Agioe Technologies Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial								-	-	2.85	2.31	1.73

Competitive Comparison of Suzhou Agioe Technologies Co's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, Suzhou Agioe Technologies 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.

Suzhou Agioe Technologies Co's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Suzhou Agioe Technologies Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Suzhou Agioe Technologies Co's Price-to-Tangible-Book falls into.

Suzhou Agioe Technologies Co Price-to-Tangible-Book Calculation

Suzhou Agioe Technologies 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 )
	=	23.38	/	15.8
	=	1.48

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.

Suzhou Agioe Technologies Co Price-to-Tangible-Book Related Terms

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Suzhou Agioe Technologies Co (SHSE:688450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Agioe Technologies Co Ltd (SHSE:688450) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 270 Dongping Street, 3C, 3D, Aoyang Shunchang Building, Suzhou Industrial Park, Jiangsu, Suzhou, CHN, 215123

Website

http://www.agioe.com

Suzhou Agioe Technologies Co Ltd is a high-tech enterprise focusing on the research, development, production and sales of a new generation of optical fiber sensing network and asset digital operation and maintenance management system. The company has formed a series of products such as power facility asset monitoring operation and maintenance management system, submarine cable asset monitoring operation and maintenance management system, and integrated pipeline asset monitoring operation and maintenance management system, which are widely used in power grids, offshore wind power, integrated pipelines, petroleum and petrochemical and other important areas of the national economy.

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