China Resources Gas Group (China Resources Gas Group) Price-to-Tangible-Book : 2.10 (As of May. 24, 2024)

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What is China Resources Gas Group Price-to-Tangible-Book?

As of today (2024-05-24), China Resources Gas Group's share price is $3.59. China Resources Gas Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.71. Hence, China Resources Gas Group's Price to Tangible Book Ratio of today is 2.10.

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

CRGGF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.92 Med: 3.08 Max: 3.82
Current: 2.08

During the past 13 years, China Resources Gas Group's highest Price to Tangible Book Ratio was 3.82. The lowest was 1.92. And the median was 3.08.

CRGGF's Price-to-Tangible-Book is ranked worse than
59.87% of 471 companies
in the Utilities - Regulated industry
Industry Median: 1.78 vs CRGGF: 2.08

A closely related ratio is called PB Ratio. As of today, China Resources Gas Group's share price is $3.59. China Resources Gas Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $2.26. Hence, China Resources Gas Group's P/B Ratio of today is 1.59.

China Resources Gas Group Price-to-Tangible-Book Historical Data

The historical data trend for China Resources Gas 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.

China Resources Gas Group Price-to-Tangible-Book Chart

China Resources Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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3.39

2.67

2.54

2.04

1.76

China Resources Gas Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.54	2.34	2.04	1.81	1.76

Competitive Comparison of China Resources Gas Group's Price-to-Tangible-Book

For the Utilities - Regulated Gas subindustry, China Resources Gas 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.

China Resources Gas Group's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Resources Gas Group's Price-to-Tangible-Book distribution charts can be found below:

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

China Resources Gas Group Price-to-Tangible-Book Calculation

China Resources Gas Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3.59	/	1.706
	=	2.10

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.

China Resources Gas Group Price-to-Tangible-Book Related Terms

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

China Resources Gas Group (China Resources Gas Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Resources Gas Group Ltd (OTCPK:CRGGF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

01193:Hong Kong LGX1:Germany

Address

26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcgas.com

China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2022, CRG's portfolio comprised 273 city gas projects in China. The firm achieved annual gas sales volume of 35.9 billion cubic meters and has connected 53.9 million residential customers, or a penetration rate of 58.2%.

China Resources Gas Group (China Resources Gas Group) Headlines

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