China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) PB Ratio : 0.57 (As of Apr. 26, 2024)

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What is China Ming Yang Wind Power 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 (2024-04-26), China Ming Yang Wind Power Group's share price is $2.44. China Ming Yang Wind Power Group's Book Value per Share for the quarter that ended in Sep. 2015 was $4.30. Hence, China Ming Yang Wind Power Group's PB Ratio of today is 0.57.

The historical rank and industry rank for China Ming Yang Wind Power Group's PB Ratio or its related term are showing as below:

MY's PB Ratio is not ranked ^*
in the Industrial Products industry.
Industry Median: 1.9
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio

China Ming Yang Wind Power Group PB Ratio Historical Data

The historical data trend for China Ming Yang Wind Power 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.

China Ming Yang Wind Power Group PB Ratio Chart

China Ming Yang Wind Power Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

PB Ratio

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0.48

0.26

0.60

0.49

0.54

China Ming Yang Wind Power Group Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
PB Ratio	Get a 7-Day Free Trial															-	0.52	0.52	0.46	0.54

Competitive Comparison of China Ming Yang Wind Power Group's PB Ratio

For the Specialty Industrial Machinery subindustry, China Ming Yang Wind Power 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.

China Ming Yang Wind Power Group's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Ming Yang Wind Power Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where China Ming Yang Wind Power Group's PB Ratio falls into.

China Ming Yang Wind Power 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.

China Ming Yang Wind Power Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2015)
	=	2.44	/	4.299
	=	0.57

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.

China Ming Yang Wind Power Group (NYSE:MY) 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.

China Ming Yang Wind Power Group PB Ratio Related Terms

Thank you for viewing the detailed overview of China Ming Yang Wind Power Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Ming Yang Wind Power Group Ltd (NYSE:MY) » Definitions » PB Ratio

Traded in Other Exchanges

N/A

Address

Website

http://www.mywind.com.cn

China Ming Yang Wind Power Group Ltd founded in 2006. The Company is a wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines and the provision of related maintenance services in the People's Republic of China (the "PRC") and the Republic of India ("India"). Its current products consist of (i) basic models of wind turbines with a rated power capacity of 1.5MW, (ii) wind turbines with a rated power capacity of 2.0MW, and (iii) 2.5/3.0MW SCD wind turbines. Each product type may be installed with one of three rotor blade models depending on the location and wind conditions. 1.5MW wind turbines are widely used model in China. As of December 31, 2013, the Company had entered into sales contracts with 45 end customers to deliver 4,804 units of its wind turbines, representing wind power output of approximately 7,588.5MW. Its customers include five Chinese state-owned power producers, namely Huaneng, China Datang, Huadian, China Guodian Corporation, or Guodian, and China Power Investment Corporation, or CPIC, or their alternative energy subsidiaries, such as China Longyuan Power Group Corporation Limited, or Longyuan, a subsidiary of Guodian, and Datang Corporation Renewable Power Co., Limited, or Datang Renewable, a subsidiary of China Datang. The Company also sells wind turbines to regional alternative energy investment companies, regional power producers and wind farm operators in the private sector. Its facilities are currently located in Zhongshan, Tianjin, Jilin, Rudong, Dali, Inner Mongolia and Gansu (including Hami area) in China. The Company has two operating segments, which are manufacture and sale of wind turbines in PRC and the manufacture and sale of wind turbines in India. The Company competes with both domestic and international wind turbine manufacturers. Its domestic competitors include Sinovel, Goldwind, Dongfang Electric and United Power. Its key international competitors in China include Vestas from Denmark, Gamesa CorporaciÃ³n TecnolÃ³gica S.A. from Spain and GE Energy, the alternative energy arm of GE from the United States.In addition, the wind power industry also faces competition from conventional and non-wind power alternative energy technologies.

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