Novoray

Novoray P/TBV

The Price to Tangible Book Value (P/TBV) of Novoray (688300.SS) as of Nov 4, 2026 is 9.28. In the previous year, Price to Tangible Book Value (P/TBV) was 10.46 — a change of -11.28% (lower).

P/TBV

9.28

YoY

-11.28%

Last updated:

Price to Tangible Book Value (P/TBV) of Novoray is 2025 9.28 . Price to Tangible Book Value (P/TBV) of Novoray was 2024 10.46 . It decreases by -11.28% lower compared to the previous year.

The Novoray P/TBV history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

P/TBV
Date
P/TBV
Jan 1, 2018
49.07 CNY
Jan 1, 2019
17.12 CNY
Jan 1, 2020
15.90 CNY
Jan 1, 2021
14.57 CNY
Jan 1, 2022
12.87 CNY
Jan 1, 2023
11.69 CNY
Jan 1, 2024
10.46 CNY
Jan 1, 2025
9.28 CNY
The Novoray P/TBV history
YEARP/TBVYoY
9.28-11.28%
10.46-10.48%
11.69-9.17%
12.87-11.68%
14.57-8.34%
15.90-7.13%
17.12-65.12%
49.07-41.02%
83.19-16.65%
99.81-26.13%
135.11-24.39%
178.69—

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Novoray Stock analysis

What does Novoray do? Novoray Corp. generates revenue through the research, development, and sale of silica powder materials. The company produces micron-level and sub-micron-level angular powders, micron-level spherical inorganic powders processed by flame fusion, sub-micron-level spherical particles using high-temperature oxidation and liquid phase methods, ultrafine particles with surface treatment, functional particles, and slurry products. These products are sold to industries requiring epoxy molding materials (EMC), liquid molding materials (LMC), underfill materials, copper clad laminates (CCL), laminated adhesive films, thermal interface materials (TIM), and adhesives for new energy vehicle batteries and solar photovoltaic cells. The primary customers include manufacturers of electronic components and materials for the semiconductor and renewable energy sectors. The firm's product portfolio targets specific applications in chip packaging, electronic circuits, and thermal management solutions. Customers in the semiconductor industry purchase EMC, LMC, and Underfill materials, while those in renewable energy sources utilize TIM and structural adhesives for solar cells. The company's focus on specialized silica powders for high-performance materials ensures steady demand from technology-driven markets. Novoray Corp. serves industrial segments where precision and material performance are critical, such as semiconductor manufacturing and renewable energy production. Its products enable enhanced thermal conductivity and structural integrity in electronic devices and energy systems. By addressing niche requirements in these sectors, the company secures contracts with established manufacturers in both electronics and clean energy fields. Novoray is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Novoray stock

Price to Tangible Book Value (P/TBV) of Novoray is 9.28 in 2025.

Price to Tangible Book Value (P/TBV) of Novoray changed from 10.46 to 9.28, representing a -11.28% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Price to Tangible Book Value (P/TBV) Novoray since 2006 – with annual values, charts, and detailed analysis.

P/TBV compares the stock price to tangible book value per share, excluding goodwill and intangibles. It provides a conservative asset-based valuation.

To evaluate Price to Tangible Book Value (P/TBV)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Price to Tangible Book Value (P/TBV).

A 'good' varies by industry and company stage. On Eulerpool, you can compare Price to Tangible Book Value (P/TBV)'s Novoray with sector peers and the industry average to assess whether it is attractive.

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Valuation — Novoray

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