VNET Group (VNET Group) PB Ratio : 0.27 (As of Apr. 24, 2024)

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What is VNET Group PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-24), VNET Group's share price is $1.58. VNET Group's Book Value per Share for the quarter that ended in Sep. 2023 was $5.88. Hence, VNET Group's PB Ratio of today is 0.27.

Good Sign:

VNET Group Inc stock PB Ratio (=0.25) is close to 10-year low of 0.25

The historical rank and industry rank for VNET Group's PB Ratio or its related term are showing as below:

VNET' s PB Ratio Range Over the Past 10 Years
Min: 0.25 Med: 1.4 Max: 6.9
Current: 0.27

During the past 13 years, VNET Group's highest PB Ratio was 6.90. The lowest was 0.25. And the median was 1.40.

VNET's PB Ratio is ranked better than
98.1% of 2579 companies
in the Software industry
Industry Median: 2.6 vs VNET: 0.27

During the past 12 months, VNET Group's average Book Value Per Share Growth Rate was -8.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 0.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 1.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of VNET Group was 138.30% per year. The lowest was -7.30% per year. And the median was 5.15% per year.

Back to Basics: PB Ratio

VNET Group PB Ratio Historical Data

The historical data trend for VNET Group's PB Ratio 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 PB Ratio Chart

VNET Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

PB Ratio

Get a 7-Day Free Trial

1.31

1.16

5.60

1.18

0.89

VNET Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
PB Ratio	Get a 7-Day Free Trial															0.86	0.89	0.49	0.48	0.53

Competitive Comparison of VNET Group's PB Ratio

For the Information Technology Services subindustry, VNET Group's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, VNET Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where VNET Group's PB Ratio falls into.

VNET Group PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

VNET Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	1.58	/	5.878
	=	0.27

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

VNET Group (NAS:VNET) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

VNET Group PB Ratio Related Terms

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VNET Group (VNET Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » PB Ratio

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.