Zhejiang Chang'an Renheng Technology Co (HKSE:08139) Price-to-Tangible-Book : 0.38 (As of Apr. 28, 2024)

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What is Zhejiang Chang'an Renheng Technology Co Price-to-Tangible-Book?

As of today (2024-04-28), Zhejiang Chang'an Renheng Technology Co's share price is HK$1.20. Zhejiang Chang'an Renheng Technology Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$3.19. Hence, Zhejiang Chang'an Renheng Technology Co's Price to Tangible Book Ratio of today is 0.38.

The historical rank and industry rank for Zhejiang Chang'an Renheng Technology Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:08139' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.26 Med: 1.08 Max: 3.76
Current: 0.38

During the past 11 years, Zhejiang Chang'an Renheng Technology Co's highest Price to Tangible Book Ratio was 3.76. The lowest was 0.26. And the median was 1.08.

HKSE:08139's Price-to-Tangible-Book is ranked better than
96.78% of 1493 companies
in the Chemicals industry
Industry Median: 1.79 vs HKSE:08139: 0.38

A closely related ratio is called PB Ratio. As of today, Zhejiang Chang'an Renheng Technology Co's share price is HK$1.20. Zhejiang Chang'an Renheng Technology Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$3.35. Hence, Zhejiang Chang'an Renheng Technology Co's P/B Ratio of today is 0.36.

Zhejiang Chang'an Renheng Technology Co Price-to-Tangible-Book Historical Data

The historical data trend for Zhejiang Chang'an Renheng Technology Co'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.

Zhejiang Chang'an Renheng Technology Co Price-to-Tangible-Book Chart

Zhejiang Chang'an Renheng Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.28

0.81

0.62

0.26

0.41

Zhejiang Chang'an Renheng Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.26	-	0.31	-	0.41

Competitive Comparison of Zhejiang Chang'an Renheng Technology Co's Price-to-Tangible-Book

For the Chemicals subindustry, Zhejiang Chang'an Renheng Technology Co'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.

Zhejiang Chang'an Renheng Technology Co's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Chang'an Renheng Technology Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Zhejiang Chang'an Renheng Technology Co's Price-to-Tangible-Book falls into.

Zhejiang Chang'an Renheng Technology Co Price-to-Tangible-Book Calculation

Zhejiang Chang'an Renheng Technology Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.20	/	3.194
	=	0.38

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.

Zhejiang Chang'an Renheng Technology Co Price-to-Tangible-Book Related Terms

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Zhejiang Chang'an Renheng Technology Co (HKSE:08139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Chang'an Renheng Technology Co Ltd (HKSE:08139) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Laoya Tang, Si’an Town, Zhejiang Province, Changxing, CHN

Website

http://www.renheng.com

Zhejiang Chang'an Renheng Technology Co Ltd is principally engaged in the business of development, production, and sale of bentonite fine chemicals in China. It uses bentonite as its basic raw material to manufacture paper chemicals, organic bentonite, inorganic gel, bentonite for metallurgy pellets, quality calcium-bentonite, and other products. The majority of its revenue comes from the papermaking chemicals series.

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