Zhejiang Tianhong Lithiumion Battery (BJSE:873152) Price-to-Tangible-Book : 2.89 (As of Jun. 14, 2024)

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What is Zhejiang Tianhong Lithiumion Battery Price-to-Tangible-Book?

As of today (2024-06-14), Zhejiang Tianhong Lithiumion Battery's share price is ¥6.82. Zhejiang Tianhong Lithiumion Battery's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥2.36. Hence, Zhejiang Tianhong Lithiumion Battery's Price to Tangible Book Ratio of today is 2.89.

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

BJSE:873152' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.67 Med: 5.54 Max: 25.61
Current: 2.89

During the past 8 years, Zhejiang Tianhong Lithiumion Battery's highest Price to Tangible Book Ratio was 25.61. The lowest was 2.67. And the median was 5.54.

BJSE:873152's Price-to-Tangible-Book is ranked worse than
65.44% of 2815 companies
in the Industrial Products industry
Industry Median: 2.06 vs BJSE:873152: 2.89

A closely related ratio is called PB Ratio. As of today, Zhejiang Tianhong Lithiumion Battery's share price is ¥6.82. Zhejiang Tianhong Lithiumion Battery's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥2.55. Hence, Zhejiang Tianhong Lithiumion Battery's P/B Ratio of today is 2.67.

Zhejiang Tianhong Lithiumion Battery Price-to-Tangible-Book Historical Data

The historical data trend for Zhejiang Tianhong Lithiumion Battery'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 Tianhong Lithiumion Battery Price-to-Tangible-Book Chart

Zhejiang Tianhong Lithiumion Battery Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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6.37

11.06

6.50

5.22

Zhejiang Tianhong Lithiumion Battery Quarterly Data
	Jun18	Dec18	Jun19	Dec19	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															3.82	3.29	2.67	5.22	3.73

Competitive Comparison of Zhejiang Tianhong Lithiumion Battery's Price-to-Tangible-Book

For the Electrical Equipment & Parts subindustry, Zhejiang Tianhong Lithiumion Battery'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 Tianhong Lithiumion Battery's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Tianhong Lithiumion Battery's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Zhejiang Tianhong Lithiumion Battery's Price-to-Tangible-Book falls into.

Zhejiang Tianhong Lithiumion Battery Price-to-Tangible-Book Calculation

Zhejiang Tianhong Lithiumion Battery's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	6.82	/	2.357
	=	2.89

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 Tianhong Lithiumion Battery Price-to-Tangible-Book Related Terms

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Zhejiang Tianhong Lithiumion Battery (BJSE:873152) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Tianhong Lithiumion Battery Ltd (BJSE:873152) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

No. 318, Changcheng Road, Taihu Street, Changxing County, Zhejiang Province, Huzhou City, CHN, 313100

Website

https://www.cnthpower.com

Zhejiang Tianhong Lithiumion Battery Ltd engages in the research, development, design, assembly, and sales of lithium-ion battery modules. It mainly produces three series of lithium batteries: power type, energy storage type, and industrial lighting. Its products include E-bike batteries, Motorcycle batteries, Forklift batteries, E-scooter batteries, and Energy storage batteries.

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