Zhejiang Expressway Co (LSE:ZHEH) Price-to-Tangible-Book : 1.38 (As of Apr. 29, 2024)

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What is Zhejiang Expressway Co Price-to-Tangible-Book?

As of today (2024-04-29), Zhejiang Expressway Co's share price is £0.64293. Zhejiang Expressway Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was £0.47. Hence, Zhejiang Expressway Co's Price to Tangible Book Ratio of today is 1.38.

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

LSE:ZHEH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.53 Med: 8 Max: 12.53
Current: 1.53

During the past 13 years, Zhejiang Expressway Co's highest Price to Tangible Book Ratio was 12.53. The lowest was 1.53. And the median was 8.00.

LSE:ZHEH's Price-to-Tangible-Book is ranked worse than
55.61% of 1498 companies
in the Construction industry
Industry Median: 1.335 vs LSE:ZHEH: 1.53

A closely related ratio is called PB Ratio. As of today, Zhejiang Expressway Co's share price is £0.64293. Zhejiang Expressway Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was £1.01. Hence, Zhejiang Expressway Co's P/B Ratio of today is 0.63.

Zhejiang Expressway Co Price-to-Tangible-Book Historical Data

The historical data trend for Zhejiang Expressway 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 Expressway Co Price-to-Tangible-Book Chart

Zhejiang Expressway Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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4.02

Zhejiang Expressway Co Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	4.02	-	-	-

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

For the Infrastructure Operations subindustry, Zhejiang Expressway 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 Expressway Co's Price-to-Tangible-Book Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Expressway Co's Price-to-Tangible-Book distribution charts can be found below:

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

Zhejiang Expressway Co Price-to-Tangible-Book Calculation

Zhejiang Expressway 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 )
	=	0.64293	/	0.466
	=	1.38

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 Expressway Co Price-to-Tangible-Book Related Terms

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Zhejiang Expressway Co (LSE:ZHEH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Expressway Co Ltd (LSE:ZHEH) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

ZHEXF:USA 00576:Hong Kong ZHJ:Germany

Address

199 Wuxing Road, 5th Floor, No. 2, Mingzhu International Business Center, Zhejiang Province, Hangzhou, CHN, 310020

Website

https://www.zjec.com.cn

Zhejiang Expressway Co Ltd is a Chinese infrastructure company which, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll road business, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next most significant segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of revenue domestically.

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