What is Tongcheng Travel Holdings Price-to-Tangible-Book?
As of today (2024-04-25), Tongcheng Travel Holdings's share price is HK$21.70. Tongcheng Travel Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$3.94. Hence, Tongcheng Travel Holdings's Price to Tangible Book Ratio of today is 5.51.
The historical rank and industry rank for Tongcheng Travel Holdings's Price-to-Tangible-Book or its related term are showing as below:
HKSE:00780'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.66 Med: 4.7 Max: 6.42
Current: 5.51
During the past 9 years, Tongcheng Travel Holdings's highest Price to Tangible Book Ratio was 6.42. The lowest was 3.66. And the median was 4.70.
HKSE:00780's Price-to-Tangible-Book is ranked worse than 82.23% of 664
companies
in the Travel & Leisure industry
Industry Median: 1.885
vs HKSE:00780: 5.51
A closely related ratio is called PB Ratio. As of today, Tongcheng Travel Holdings's share price is HK$21.70. Tongcheng Travel Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$8.59. Hence, Tongcheng Travel Holdings's P/B Ratio of today is 2.53.
Tongcheng Travel Holdings Price-to-Tangible-Book Historical Data
The historical data trend for Tongcheng Travel Holdings'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.
Competitive Comparison of Tongcheng Travel Holdings's Price-to-Tangible-Book
For the Travel Services subindustry, Tongcheng Travel Holdings'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.
Tongcheng Travel Holdings's Price-to-Tangible-Book Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tongcheng Travel Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Tongcheng Travel Holdings's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
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.
Tongcheng Travel Holdings Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Tongcheng Travel Holdings's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Tongcheng Travel Holdings (HKSE:00780) Business Description
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 88% of its revenue from accommodation reservations and transportation ticketing in the third quarter of 2022. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
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