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Beijing Tieke Shougang Railway-Tech Co (SHSE:688569) Book Value per Share : ¥13.21 (As of Mar. 2024)


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What is Beijing Tieke Shougang Railway-Tech Co Book Value per Share?

Beijing Tieke Shougang Railway-Tech Co's book value per share for the quarter that ended in Mar. 2024 was ¥13.21.

During the past 12 months, Beijing Tieke Shougang Railway-Tech Co's average Book Value Per Share Growth Rate was 5.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 7.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 20.40% 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 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Beijing Tieke Shougang Railway-Tech Co was 30.70% per year. The lowest was 7.70% per year. And the median was 23.40% per year.

Beijing Tieke Shougang Railway-Tech Co's current price is ¥22.36. Its book value per share for the quarter that ended in Mar. 2024 was ¥13.21. Hence, today's PB Ratio of Beijing Tieke Shougang Railway-Tech Co is 1.69.

During the past 8 years, the highest P/B Ratio of Beijing Tieke Shougang Railway-Tech Co was 6.01. The lowest was 1.41. And the median was 1.78.

Good Sign:

Beijing Tieke Shougang Railway-Tech Co Ltd stock PB Ratio (=1.71) is close to 1-year low of 1.71


Beijing Tieke Shougang Railway-Tech Co Book Value per Share Historical Data

The historical data trend for Beijing Tieke Shougang Railway-Tech Co'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.

* Premium members only.

Beijing Tieke Shougang Railway-Tech Co Book Value per Share Chart

Beijing Tieke Shougang Railway-Tech Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Book Value per Share
Get a 7-Day Free Trial 6.34 10.34 11.02 11.90 12.94

Beijing Tieke Shougang Railway-Tech Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 12.56 12.61 12.96 12.94 13.21

Competitive Comparison of Beijing Tieke Shougang Railway-Tech Co's Book Value per Share

For the Railroads subindustry, Beijing Tieke Shougang Railway-Tech Co'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.


Beijing Tieke Shougang Railway-Tech Co's PB Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Beijing Tieke Shougang Railway-Tech Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Beijing Tieke Shougang Railway-Tech Co's PB Ratio falls into.



Beijing Tieke Shougang Railway-Tech Co Book Value per Share Calculation

Beijing Tieke Shougang Railway-Tech Co's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(2,725-0)/211
=12.94

Beijing Tieke Shougang Railway-Tech Co's Book Value Per Share for the quarter that ended in Mar. 2024 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(2,782-0)/211
=13.21

* 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.


Beijing Tieke Shougang Railway-Tech Co  (SHSE:688569) 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.


Beijing Tieke Shougang Railway-Tech Co Book Value per Share Related Terms

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Beijing Tieke Shougang Railway-Tech Co (SHSE:688569) Business Description

Traded in Other Exchanges
N/A
Address
No. 24, South Shayang Road, Shahe Town, Changping District, Beijing, CHN, 102206
Beijing Tieke Shougang Railway-Tech Co Ltd is engaged in production and sales of high-speed rail public engineering products with high-speed rail fasteners as the core. The company produces railway fastener systems, low-relaxation prestressed steel rods, prestressed steel wires, bridge supports; general freight; product quality inspection; professional contracting.

Beijing Tieke Shougang Railway-Tech Co (SHSE:688569) Headlines

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