Fujian Acetron New Materials Co (SZSE:300706) Price-to-Tangible-Book : 4.73 (As of May. 22, 2024)

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What is Fujian Acetron New Materials Co Price-to-Tangible-Book?

As of today (2024-05-22), Fujian Acetron New Materials Co's share price is ¥21.79. Fujian Acetron New Materials Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥4.61. Hence, Fujian Acetron New Materials Co's Price to Tangible Book Ratio of today is 4.73.

The historical rank and industry rank for Fujian Acetron New Materials Co's Price-to-Tangible-Book or its related term are showing as below:

SZSE:300706' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.86 Med: 7.97 Max: 17.53
Current: 4.73

During the past 11 years, Fujian Acetron New Materials Co's highest Price to Tangible Book Ratio was 17.53. The lowest was 3.86. And the median was 7.97.

SZSE:300706's Price-to-Tangible-Book is ranked worse than
83.78% of 1486 companies
in the Chemicals industry
Industry Median: 1.835 vs SZSE:300706: 4.73

A closely related ratio is called PB Ratio. As of today, Fujian Acetron New Materials Co's share price is ¥21.79. Fujian Acetron New Materials Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥4.91. Hence, Fujian Acetron New Materials Co's P/B Ratio of today is 4.44.

Fujian Acetron New Materials Co Price-to-Tangible-Book Historical Data

The historical data trend for Fujian Acetron New Materials 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.

Fujian Acetron New Materials Co Price-to-Tangible-Book Chart

Fujian Acetron New Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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9.06

8.82

5.93

5.09

5.60

Fujian Acetron New Materials 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															6.73	6.42	5.59	5.60	4.32

Competitive Comparison of Fujian Acetron New Materials Co's Price-to-Tangible-Book

For the Chemicals subindustry, Fujian Acetron New Materials 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.

Fujian Acetron New Materials Co's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Fujian Acetron New Materials Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Fujian Acetron New Materials Co's Price-to-Tangible-Book falls into.

Fujian Acetron New Materials Co Price-to-Tangible-Book Calculation

Fujian Acetron New Materials 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 )
	=	21.79	/	4.61
	=	4.73

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.

Fujian Acetron New Materials Co Price-to-Tangible-Book Related Terms

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Fujian Acetron New Materials Co (SZSE:300706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fujian Acetron New Materials Co Ltd (SZSE:300706) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

Hangcheng Street, No.169, Taipingli, Qinjiang Village, Fujian Province, Changle, CHN, 350200

Website

http://www.acetron.com.cn

Fujian Acetron New Materials Co Ltd is engaged in research and development, production and sale of coating materials. The company mainly produces vacuum evaporation and sputter coating materials for optics, semiconductors, flat-panel displays and surface decoration. Its products are widely used in flat panel display, optical components, energy-saving glass and other fields. The company's products are distributed all over the world and are primarily exported to the developed countries such as Japan, the United States, Germany and Korea.

Fujian Acetron New Materials Co (SZSE:300706) Headlines

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