Cathay Real Estate Development Co (TPE:2501) Price-to-Tangible-Book : 1.39 (As of May. 25, 2024)

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What is Cathay Real Estate Development Co Price-to-Tangible-Book?

As of today (2024-05-25), Cathay Real Estate Development Co's share price is NT$32.30. Cathay Real Estate Development Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was NT$23.25. Hence, Cathay Real Estate Development Co's Price to Tangible Book Ratio of today is 1.39.

The historical rank and industry rank for Cathay Real Estate Development Co's Price-to-Tangible-Book or its related term are showing as below:

TPE:2501' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.62 Med: 0.87 Max: 1.51
Current: 1.39

During the past 13 years, Cathay Real Estate Development Co's highest Price to Tangible Book Ratio was 1.51. The lowest was 0.62. And the median was 0.87.

TPE:2501's Price-to-Tangible-Book is ranked worse than
71.2% of 1722 companies
in the Real Estate industry
Industry Median: 0.83 vs TPE:2501: 1.39

A closely related ratio is called PB Ratio. As of today, Cathay Real Estate Development Co's share price is NT$32.30. Cathay Real Estate Development Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was NT$23.29. Hence, Cathay Real Estate Development Co's P/B Ratio of today is 1.39.

Cathay Real Estate Development Co Price-to-Tangible-Book Historical Data

The historical data trend for Cathay Real Estate Development 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.

Cathay Real Estate Development Co Price-to-Tangible-Book Chart

Cathay Real Estate Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.00

0.94

0.88

0.72

0.80

Cathay Real Estate Development 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															0.81	0.77	0.70	0.80	0.92

Competitive Comparison of Cathay Real Estate Development Co's Price-to-Tangible-Book

For the Real Estate - Development subindustry, Cathay Real Estate Development 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.

Cathay Real Estate Development Co's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cathay Real Estate Development Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Cathay Real Estate Development Co's Price-to-Tangible-Book falls into.

Cathay Real Estate Development Co Price-to-Tangible-Book Calculation

Cathay Real Estate Development 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 )
	=	32.30	/	23.248
	=	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.

Cathay Real Estate Development Co Price-to-Tangible-Book Related Terms

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

Cathay Real Estate Development Co (TPE:2501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cathay Real Estate Development Co Ltd (TPE:2501) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

Dunhua South Road, 2nd Floor, No. 218, Section 2, Da’an District, Taipei, TWN, 106

Website

https://www.cathay-red.com.tw

Cathay Real Estate Development Co Ltd specialises in property construction, development, and distribution of residential and commercial buildings. The major property types the company provides are high rise residential buildings, shops, office buildings and integrated commercial buildings. The company's services cover the major urban area in Taiwan. The company also operates other real estate businesses related to their primary business, such as engineering, real estate management and consultant subsidiaries.

Cathay Real Estate Development Co (TPE:2501) Headlines

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