CTGDF (China Tourism Group Duty Free) Book Value per Share: $4.05 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CTGDF China Tourism Group Duty Free Corp Ltd CTGDF
61 GF Score
Price $6.25
GF Value $8.07
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is China Tourism Group Duty Free Book Value per Share?

China Tourism Group Duty Free CTGDF 61 Book Value per Share is $4.05 as of Mar. 2026. GuruFocus rates CTGDF with a GF Score™ of 61/100 and a GF Value™ of $8.07 (Modestly Undervalued). The stock has 4 warning signs investors should review.

China Tourism Group Duty Free's book value per share for the quarter that ended in Mar. 2026 was $4.05.

During the past 12 months, China Tourism Group Duty Free's average Book Value Per Share Growth Rate was 1.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 18.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 19.60% 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 book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Tourism Group Duty Free was 94.30% per year. The lowest was 4.50% per year. And the median was 21.60% per year.

China Tourism Group Duty Free's current price is $6.25. Its book value per share for the quarter that ended in Mar. 2026 was $4.05. Hence, today's PB Ratio of China Tourism Group Duty Free is 1.54.

During the past 13 years, the highest P/B Ratio of China Tourism Group Duty Free was 33.94. The lowest was 1.89. And the median was 6.86.

Good Sign:

China Tourism Group Duty Free Corp Ltd stock PB Ratio (=1.94) is close to 10-year low of 1.89.


China Tourism Group Duty Free  (OTCPK:CTGDF) Book Value 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 Tourism Group Duty Free Book Value per Share Related Terms


China Tourism Group Duty Free Book Value per Share Historical Data

* Premium members only.

The historical data trend for China Tourism Group Duty Free's Book Value per Share 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.

China Tourism Group Duty Free Book Value per Share Chart

China Tourism Group Duty Free Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.38 3.37 3.64 3.66 3.81

China Tourism Group Duty Free Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Book Value per Share 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 3.80 3.72 3.78 3.81 4.05

CTGDF vs CASY, WSM, ULTA: Book Value per Share Comparison

For the Specialty Retail subindustry, China Tourism Group Duty Free's PB Ratio, along with its competitors' market caps and PB Ratio 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 Tourism Group Duty Free PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's PB Ratio distribution charts can be found below:

* The bar in red indicates where China Tourism Group Duty Free's PB Ratio falls into.


CTGDF
61GF Score
China Tourism Group Duty Free Corp Ltd CTGDF
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Tourism Group Duty Free Book Value per Share Calculation

China Tourism Group Duty Free's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(7,876-0)/2,069
=3.81

China Tourism Group Duty Free's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(8,409-0)/2,078
=4.05

* 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 Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of $4.05 mean?
China Tourism Group Duty Free (CTGDF) has a Book Value per Share of $4.05 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on China Tourism Group Duty Free and its competitors.
Is China Tourism Group Duty Free's Book Value per Share too high?
China Tourism Group Duty Free's current Book Value per Share is $4.05. Overall, China Tourism Group Duty Free has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Book Value per Share compare to CASY and WSM?
China Tourism Group Duty Free's Book Value per Share of $4.05 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a Retail - Cyclical company?
A good Book Value per Share depends on the Retail - Cyclical industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on China Tourism Group Duty Free and its competitors. China Tourism Group Duty Free's current Book Value per Share is $4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
Based on GuruFocus' analysis, China Tourism Group Duty Free (CTGDF) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.07, compared to a current price of $6.25 — trading 22.6% below its estimated fair value. The current Book Value per Share is $4.05. China Tourism Group Duty Free's overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For China Tourism Group Duty Free (CTGDF), the current Book Value per Share is $4.05 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Tourism Group Duty Free (CTGDF) Overvalued in 2026?

Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued. The current stock price of $6.25 is trading 22.6% below its estimated GF Value™ of $8.07. GuruFocus considers China Tourism Group Duty Free to be Modestly Undervalued.

Key valuation signals for CTGDF:

  • Book Value per Share: $4.05
  • GF Value™: $8.07 vs. price of $6.25 (22.6% below fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the CTGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Tourism Group Duty Free Business Description

Other Exchanges 01880:Hong Kong601888:China
Address No. 2A, Dongzhimenwai Street, 8th Floor, Building A, Dongcheng District, Beijing, CHN, 100027
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
61GF Score

Get the complete analysis for CTGDF

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.25
Price
$8.07
GF Value