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Changzhou Nrb (SZSE:002708) Price-to-Tangible-Book : 2.82 (As of May. 15, 2024)


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What is Changzhou Nrb Price-to-Tangible-Book?

As of today (2024-05-15), Changzhou Nrb's share price is ¥8.01. Changzhou Nrb's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥2.84. Hence, Changzhou Nrb's Price to Tangible Book Ratio of today is 2.82.

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

SZSE:002708' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.65   Med: 2.96   Max: 7.3
Current: 2.82

During the past 13 years, Changzhou Nrb's highest Price to Tangible Book Ratio was 7.30. The lowest was 1.65. And the median was 2.96.

SZSE:002708's Price-to-Tangible-Book is ranked worse than
70.89% of 1199 companies
in the Vehicles & Parts industry
Industry Median: 1.7 vs SZSE:002708: 2.82

A closely related ratio is called PB Ratio. As of today, Changzhou Nrb's share price is ¥8.01. Changzhou Nrb's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥3.04. Hence, Changzhou Nrb's P/B Ratio of today is 2.63.


Changzhou Nrb Price-to-Tangible-Book Historical Data

The historical data trend for Changzhou Nrb'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.

Changzhou Nrb Price-to-Tangible-Book Chart

Changzhou Nrb Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.91 2.13 2.64 2.44 2.96

Changzhou Nrb 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.84 3.45 3.97 2.96 3.67

Competitive Comparison of Changzhou Nrb's Price-to-Tangible-Book

For the Auto Parts subindustry, Changzhou Nrb'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.


Changzhou Nrb's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changzhou Nrb's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Changzhou Nrb's Price-to-Tangible-Book falls into.



Changzhou Nrb Price-to-Tangible-Book Calculation

Changzhou Nrb's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=8.01/2.842
=2.82

* 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.

It can also be calculated from the numbers for the whole company:

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.


Changzhou Nrb Price-to-Tangible-Book Related Terms

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


Changzhou Nrb (SZSE:002708) Business Description

Traded in Other Exchanges
N/A
Address
No.52 Hanjiang Road, New Hi-Tech District, Jiangsu, Changzhou, CHN, 213022
Changzhou Nrb Corp is engaged in the research and development, manufacturing and sales of high precision and high-reliability products like precision bearings, synchronizers, planetary platoons, and precision forgings. Its products are needle roller bearing, roller bearing, clutch release bearing, and hub bearing which are mainly applied to assemblies like automotive transmission, clutch, heavy truck axle, and hub.

Changzhou Nrb (SZSE:002708) Headlines

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