Tonking New Energy Group Holdings (HKSE:08326) 3-Year Book Growth Rate : 5.40% (As of Sep. 2023)

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What is Tonking New Energy Group Holdings 3-Year Book Growth Rate?

Tonking New Energy Group Holdings's Book Value per Share for the quarter that ended in Sep. 2023 was HK$0.28.

During the past 12 months, Tonking New Energy Group Holdings's average Book Value per Share Growth Rate was 10.90% per year. During the past 3 years, the average Book Value per Share Growth Rate was 5.40% per year. During the past 5 years, the average Book Value per Share Growth Rate was 3.60% per year. During the past 10 years, the average Book Value per Share Growth Rate was 21.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 11 years, the highest 3-Year average Book Value per Share Growth Rate of Tonking New Energy Group Holdings was 64.60% per year. The lowest was 2.70% per year. And the median was 16.45% per year.

Competitive Comparison of Tonking New Energy Group Holdings's 3-Year Book Growth Rate

For the Utilities - Renewable subindustry, Tonking New Energy Group Holdings's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

Tonking New Energy Group Holdings's 3-Year Book Growth Rate Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tonking New Energy Group Holdings's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Tonking New Energy Group Holdings's 3-Year Book Growth Rate falls into.

Tonking New Energy Group Holdings 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Tonking New Energy Group Holdings (HKSE:08326) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Tonking New Energy Group Holdings 3-Year Book Growth Rate Related Terms

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Tonking New Energy Group Holdings (HKSE:08326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tonking New Energy Group Holdings Ltd (HKSE:08326) » Definitions » 3-Year Book Growth Rate

Traded in Other Exchanges

N/A

Address

67 Mody Road, Room 701, 7th Floor, Peninsula Centre, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

http://www.tonkinggroup.com.hk

Tonking New Energy Group Holdings Ltd is an investment holding company. The Company's principal activity is the renewable energy business in the People's Republic of China. Its operating segments includes Sales of the patented photovoltaic tracking mounting bracket systems; Provision of one-stop value added solution for photovoltaic power stations and Sales of electricity. The company generates maximum revenue from the Sales of the patented photovoltaic tracking mounting bracket systems segment. The business of the group is primarily operated through Hong Kong and China of which China accounts for a larger share of the revenue.

Tonking New Energy Group Holdings (HKSE:08326) Headlines

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