Shandong Molong Petroleum Machinery Co (HKSE:00568) Price-to-Tangible-Book : 9.65 (As of Apr. 29, 2024)

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What is Shandong Molong Petroleum Machinery Co Price-to-Tangible-Book?

As of today (2024-04-29), Shandong Molong Petroleum Machinery Co's share price is HK$1.09. Shandong Molong Petroleum Machinery Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.11. Hence, Shandong Molong Petroleum Machinery Co's Price to Tangible Book Ratio of today is 9.65.

The historical rank and industry rank for Shandong Molong Petroleum Machinery Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:00568' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.4 Med: 1.01 Max: 20.8
Current: 9.91

During the past 13 years, Shandong Molong Petroleum Machinery Co's highest Price to Tangible Book Ratio was 20.80. The lowest was 0.40. And the median was 1.01.

HKSE:00568's Price-to-Tangible-Book is ranked worse than
95.46% of 926 companies
in the Oil & Gas industry
Industry Median: 1.32 vs HKSE:00568: 9.91

A closely related ratio is called PB Ratio. As of today, Shandong Molong Petroleum Machinery Co's share price is HK$1.09. Shandong Molong Petroleum Machinery Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$0.58. Hence, Shandong Molong Petroleum Machinery Co's P/B Ratio of today is 1.88.

Shandong Molong Petroleum Machinery Co Price-to-Tangible-Book Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery Co Price-to-Tangible-Book Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.54

0.40

3.30

3.11

20.80

Shandong Molong Petroleum Machinery 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															3.45	3.70	4.55	20.80	-

Competitive Comparison of Shandong Molong Petroleum Machinery Co's Price-to-Tangible-Book

For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery Co's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Molong Petroleum Machinery Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Shandong Molong Petroleum Machinery Co's Price-to-Tangible-Book falls into.

Shandong Molong Petroleum Machinery Co Price-to-Tangible-Book Calculation

Shandong Molong Petroleum Machinery Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.09	/	0.113
	=	9.65

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.

Shandong Molong Petroleum Machinery Co Price-to-Tangible-Book Related Terms

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Shandong Molong Petroleum Machinery Co (HKSE:00568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (HKSE:00568) » Definitions » Price-to-Tangible-Book

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SHANY:USA SHANF:USA 002490:China

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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