China Natural Gas (China Natural Gas) Tangible Book per Share : $9.20 (As of Sep. 2013)

China Natural Gas Tangible Book per Share Chart

China Natural Gas Annual Data
	Trend	Jul03	Jul04	Jul05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12
Tangible Book per Share		Get a 7-Day Free Trial					4.91	6.80	7.62	7.98	8.47

China Natural Gas Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Tangible Book per Share	Get a 7-Day Free Trial															8.19	8.47	8.77	9.07	9.20

Competitive Comparison of China Natural Gas's Tangible Book per Share

For the Utilities - Regulated Gas subindustry, China Natural Gas'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.

China Natural Gas's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Natural Gas's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Natural Gas's Price-to-Tangible-Book falls into.

China Natural Gas Tangible Book per Share Calculation

China Natural Gas's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2012 is calculated as

China Natural Gas's Tangible Book Value Per Share for the quarter that ended in Sep. 2013 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

China Natural Gas  (OTCPK:CHNGQ) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

China Natural Gas Tangible Book per Share Related Terms

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China Natural Gas (China Natural Gas) Business Description