ReTo Eco-Solutions (ReTo Eco-Solutions) Price-to-Tangible-Book : (As of Jun. 09, 2024)

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What is ReTo Eco-Solutions Price-to-Tangible-Book?

As of today (2024-06-09), ReTo Eco-Solutions's share price is $2.74. ReTo Eco-Solutions's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-0.03. Hence, ReTo Eco-Solutions's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for ReTo Eco-Solutions's Price-to-Tangible-Book or its related term are showing as below:

During the past 9 years, ReTo Eco-Solutions's highest Price to Tangible Book Ratio was 5.89. The lowest was 0.62. And the median was 0.68.

RETO's Price-to-Tangible-Book is not ranked ^*
in the Building Materials industry.
Industry Median: 1.36
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, ReTo Eco-Solutions's share price is $2.74. ReTo Eco-Solutions's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.16. Hence, ReTo Eco-Solutions's P/B Ratio of today is 2.36.

ReTo Eco-Solutions Price-to-Tangible-Book Historical Data

The historical data trend for ReTo Eco-Solutions'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.

ReTo Eco-Solutions Price-to-Tangible-Book Chart

ReTo Eco-Solutions Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.68

0.62

5.89

ReTo Eco-Solutions Semi-Annual Data
	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												5.89	4.01	-	-	-

Competitive Comparison of ReTo Eco-Solutions's Price-to-Tangible-Book

For the Building Materials subindustry, ReTo Eco-Solutions'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.

ReTo Eco-Solutions's Price-to-Tangible-Book Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, ReTo Eco-Solutions's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where ReTo Eco-Solutions's Price-to-Tangible-Book falls into.

ReTo Eco-Solutions Price-to-Tangible-Book Calculation

ReTo Eco-Solutions's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.74	/	-0.025
	=

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.

ReTo Eco-Solutions Price-to-Tangible-Book Related Terms

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ReTo Eco-Solutions (ReTo Eco-Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » ReTo Eco-Solutions Inc (NAS:RETO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Beijing REIT Technology Development Co., Ltd., X-702, Runfengdeshangyuan, 60 Anli Road, Chaoyang District, Beijing, CHN, 100101

Website

http://www.retoeco.com

ReTo Eco-Solutions Inc is a manufacturer and distributor of eco-friendly construction materials and fly-ash, as well as equipment used to produce these eco-friendly construction materials. The company engaged in providing consultation, design, project implementation and construction of urban ecological environments for capturing, controlling and re-using rainwater. It operates through four segments namely Machinery and Equipment sales, Construction materials sales, Municipal Construction Projects, and Technology Consulting and other services. The company earns its revenue from Machinery and Equipment sales segment. Geographically, it derives a majority of its revenue from China.