Renxin New Material Co (SZSE:301395) Price-to-Tangible-Book : 1.55 (As of May. 14, 2024)

Renxin New Material Co Price-to-Tangible-Book Chart

Renxin New Material Co Quarterly Data
	Dec16	Dec17	Dec18	Dec19	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														-	-	2.00	1.69	1.37

Competitive Comparison of Renxin New Material Co's Price-to-Tangible-Book

For the Chemicals subindustry, Renxin New Material 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.

Renxin New Material Co's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Renxin New Material Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Renxin New Material Co's Price-to-Tangible-Book falls into.

Renxin New Material Co Price-to-Tangible-Book Calculation

Renxin New Material Co's price-to-tangible-book ratio for today is calculated as:

* 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.

Renxin New Material Co Price-to-Tangible-Book Related Terms

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Renxin New Material Co (SZSE:301395) Business Description