China MeiDong Auto Holdings (HKSE:01268) Price-to-Tangible-Book : 7.76 (As of Apr. 29, 2024)

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What is China MeiDong Auto Holdings Price-to-Tangible-Book?

As of today (2024-04-29), China MeiDong Auto Holdings's share price is HK$2.73. China MeiDong Auto Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.35. Hence, China MeiDong Auto Holdings's Price to Tangible Book Ratio of today is 7.76.

The historical rank and industry rank for China MeiDong Auto Holdings's Price-to-Tangible-Book or its related term are showing as below:

HKSE:01268' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.21 Med: 2.68 Max: 14.52
Current: 7.8

During the past 12 years, China MeiDong Auto Holdings's highest Price to Tangible Book Ratio was 14.52. The lowest was 1.21. And the median was 2.68.

HKSE:01268's Price-to-Tangible-Book is ranked worse than
91.99% of 1199 companies
in the Vehicles & Parts industry
Industry Median: 1.7 vs HKSE:01268: 7.80

A closely related ratio is called PB Ratio. As of today, China MeiDong Auto Holdings's share price is HK$2.73. China MeiDong Auto Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$4.19. Hence, China MeiDong Auto Holdings's P/B Ratio of today is 0.65.

China MeiDong Auto Holdings Price-to-Tangible-Book Historical Data

The historical data trend for China MeiDong Auto 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.

* Premium members only.

China MeiDong Auto Holdings Price-to-Tangible-Book Chart

China MeiDong Auto Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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6.94

10.77

14.52

13.49

China MeiDong Auto Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															14.52	-	-	16.02	13.49

Competitive Comparison of China MeiDong Auto Holdings's Price-to-Tangible-Book

For the Auto & Truck Dealerships subindustry, China MeiDong Auto 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.

China MeiDong Auto Holdings's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China MeiDong Auto Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China MeiDong Auto Holdings's Price-to-Tangible-Book falls into.

China MeiDong Auto Holdings Price-to-Tangible-Book Calculation

China MeiDong Auto Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.73	/	0.352
	=	7.76

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

China MeiDong Auto Holdings Price-to-Tangible-Book Related Terms

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China MeiDong Auto Holdings (HKSE:01268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China MeiDong Auto Holdings Ltd (HKSE:01268) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CMEIF:USA 55M:Germany

Address

13th Floor, Unit A1, Huangjin Road, Tian An Tech Industry Building, Nancheng, Guangdong, Dongguan, CHN

Website

http://www.meidongauto.com

China MeiDong Auto Holdings Ltd is an investment holding company, which is engaged in the sale of automobiles and the provision of integrated services. The group operates 4S dealership stores covering world-renowned brands which are popular among Chinese consumers, including BMW, Lexus, Toyota and Hyundai, and others. It derives revenue primarily from the sale of passenger vehicles and by providing after-sales services and geographically all the operations function through the region of China.

China MeiDong Auto Holdings (HKSE:01268) Headlines

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