VNET Group (VNET Group) Price-to-Tangible-Book : 0.57 (As of Apr. 25, 2024)

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What is VNET Group Price-to-Tangible-Book?

As of today (2024-04-25), VNET Group's share price is $1.58. VNET Group's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $2.77. Hence, VNET Group's Price to Tangible Book Ratio of today is 0.57.

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

VNET' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.53 Med: 1.85 Max: 87.89
Current: 0.57

During the past 13 years, VNET Group's highest Price to Tangible Book Ratio was 87.89. The lowest was 0.53. And the median was 1.85.

VNET's Price-to-Tangible-Book is ranked better than
96.36% of 2089 companies
in the Software industry
Industry Median: 3.59 vs VNET: 0.57

A closely related ratio is called PB Ratio. As of today, VNET Group's share price is $1.58. VNET Group's Book Value per Sharefor the quarter that ended in Sep. 2023 was $5.88. Hence, VNET Group's P/B Ratio of today is 0.27.

VNET Group Price-to-Tangible-Book Historical Data

The historical data trend for VNET Group'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.

VNET Group Price-to-Tangible-Book Chart

VNET Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.86

1.74

8.56

1.82

1.85

VNET Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.75	1.85	1.00	1.02	1.13

Competitive Comparison of VNET Group's Price-to-Tangible-Book

For the Information Technology Services subindustry, VNET Group'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.

VNET Group's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, VNET Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where VNET Group's Price-to-Tangible-Book falls into.

VNET Group Price-to-Tangible-Book Calculation

VNET Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	1.58	/	2.77
	=	0.57

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.

VNET Group Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of VNET Group's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

VNET Group (VNET Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

217A:Germany

Address

No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016

Website

https://www.vnet.com

VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.