Huajin International Holdings (HKSE:02738) Price-to-Tangible-Book : 1.57 (As of May. 16, 2024)

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What is Huajin International Holdings Price-to-Tangible-Book?

As of today (2024-05-16), Huajin International Holdings's share price is HK$1.45. Huajin International Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.93. Hence, Huajin International Holdings's Price to Tangible Book Ratio of today is 1.57.

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

HKSE:02738' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.84 Med: 2.27 Max: 3.26
Current: 1.56

During the past 11 years, Huajin International Holdings's highest Price to Tangible Book Ratio was 3.26. The lowest was 0.84. And the median was 2.27.

HKSE:02738's Price-to-Tangible-Book is ranked worse than
63.85% of 603 companies
in the Steel industry
Industry Median: 1.05 vs HKSE:02738: 1.56

A closely related ratio is called PB Ratio. As of today, Huajin International Holdings's share price is HK$1.45. Huajin International Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$0.94. Hence, Huajin International Holdings's P/B Ratio of today is 1.55.

Huajin International Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Huajin International Holdings'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.

Huajin International Holdings Price-to-Tangible-Book Chart

Huajin International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.29

2.24

2.16

2.22

0.84

Huajin International Holdings Semi-Annual Data
	Dec13	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															2.16	2.03	2.22	0.98	0.84

Competitive Comparison of Huajin International Holdings's Price-to-Tangible-Book

For the Steel subindustry, Huajin International Holdings'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.

Huajin International Holdings's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Huajin International Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Huajin International Holdings's Price-to-Tangible-Book falls into.

Huajin International Holdings Price-to-Tangible-Book Calculation

Huajin International Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.45	/	0.925
	=	1.57

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.

Huajin International Holdings Price-to-Tangible-Book Related Terms

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

Huajin International Holdings (HKSE:02738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huajin International Holdings Ltd (HKSE:02738) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinsha Industrial Zone of Muzhou Town, Xinhui District, Guangdong Province, Jiangmen, CHN

Website

https://www.huajin-hk.com

Huajin International Holdings Ltd is an investment holding company engaged in the cold-rolled steel processing business. It is involved in the processing of hot-rolled steel coils into cold-rolled steel strips, sheets and welded steel tubes, and galvanized steel products. It provides processing, cutting, slitting, warehousing, and delivery services on customized cold-rolled steel products and galvanized steel products. It offers Cold-rolled steel products, Galvanized steel products, Hot-rolled steel products, and others. Its revenue is derived from customers located in the PRC and Southeast Asia, of which the main revenue is generated in the PRC.

Huajin International Holdings (HKSE:02738) Headlines

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