Jinxi Axle Co (SHSE:600495) Price-to-Tangible-Book : 1.39 (As of May. 21, 2024)

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What is Jinxi Axle Co Price-to-Tangible-Book?

As of today (2024-05-21), Jinxi Axle Co's share price is ¥3.61. Jinxi Axle Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥2.60. Hence, Jinxi Axle Co's Price to Tangible Book Ratio of today is 1.39.

The historical rank and industry rank for Jinxi Axle Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:600495' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.35 Med: 1.77 Max: 5.61
Current: 1.39

During the past 13 years, Jinxi Axle Co's highest Price to Tangible Book Ratio was 5.61. The lowest was 1.35. And the median was 1.77.

SHSE:600495's Price-to-Tangible-Book is ranked better than
51.08% of 877 companies
in the Transportation industry
Industry Median: 1.41 vs SHSE:600495: 1.39

A closely related ratio is called PB Ratio. As of today, Jinxi Axle Co's share price is ¥3.61. Jinxi Axle Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥2.67. Hence, Jinxi Axle Co's P/B Ratio of today is 1.35.

Jinxi Axle Co Price-to-Tangible-Book Historical Data

The historical data trend for Jinxi Axle Co'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.

Jinxi Axle Co Price-to-Tangible-Book Chart

Jinxi Axle Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.65

1.59

1.56

1.37

1.64

Jinxi Axle Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															1.46	1.71	1.54	1.64	1.43

Competitive Comparison of Jinxi Axle Co's Price-to-Tangible-Book

For the Railroads subindustry, Jinxi Axle Co'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.

Jinxi Axle Co's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jinxi Axle Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Jinxi Axle Co's Price-to-Tangible-Book falls into.

Jinxi Axle Co Price-to-Tangible-Book Calculation

Jinxi Axle Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	3.61	/	2.596
	=	1.39

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.

Jinxi Axle Co Price-to-Tangible-Book Related Terms

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

Jinxi Axle Co (SHSE:600495) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jinxi Axle Co Ltd (SHSE:600495) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 North Lane, Heping North Road, Shanxi, Taiyuan, CHN, 030027

Website

http://www.jinxiaxle.com

Jinxi Axle Co Ltd is a China-based company primarily engaged in rail transit equipment. The company is mainly engaged in the production and sales of railway vehicles, axles, wheelsets, bolster side frames, bogies, and other products. The axle products are used to manufacture railway locomotives, trucks, buses, subways, light rail and other rail vehicles. The company mainly distributes its products in domestic and overseas markets.

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