Hailiang Education Group (Hailiang Education Group) Price-to-Tangible-Book : 1.09 (As of May. 12, 2024)

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What is Hailiang Education Group Price-to-Tangible-Book?

As of today (2024-05-12), Hailiang Education Group's share price is $14.30. Hailiang Education Group's Tangible Book per Share of Jun. 2021 for the quarter that ended in Jun. 2021 was $13.18. Hence, Hailiang Education Group's Price to Tangible Book Ratio of today is 1.09.

The historical rank and industry rank for Hailiang Education Group's Price-to-Tangible-Book or its related term are showing as below:

HLG's Price-to-Tangible-Book is not ranked ^*
in the Education industry.
Industry Median: 1.935
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Hailiang Education Group's share price is $14.30. Hailiang Education Group's Book Value per Sharefor the quarter that ended in Jun. 2021 was $13.29. Hence, Hailiang Education Group's P/B Ratio of today is 1.08.

Hailiang Education Group Price-to-Tangible-Book Historical Data

The historical data trend for Hailiang Education Group'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.

Hailiang Education Group Price-to-Tangible-Book Chart

Hailiang Education Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Price-to-Tangible-Book

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1.52

11.01

6.68

3.88

3.07

Hailiang Education Group Quarterly Data
	Sep14	Dec14	Jun15	Sep15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.88	4.50	5.13	4.09	3.07

Competitive Comparison of Hailiang Education Group's Price-to-Tangible-Book

For the Education & Training Services subindustry, Hailiang Education Group'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.

Hailiang Education Group's Price-to-Tangible-Book Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Hailiang Education Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Hailiang Education Group's Price-to-Tangible-Book falls into.

Hailiang Education Group Price-to-Tangible-Book Calculation

Hailiang Education Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2021 )
	=	14.30	/	13.176
	=	1.09

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.

Hailiang Education Group Price-to-Tangible-Book Related Terms

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Hailiang Education Group (Hailiang Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Hailiang Education Group Inc (NAS:HLG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1508 Binsheng Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051

Website

http://www.hailiangeducation.com

Hailiang Education Group Inc provides educational services in China. It offers basic educational and international programs for kindergarten, primary, middle, and high school levels. The company educates students according to their aptitudes, devoting to improve students study ability, cultural accomplishments, and international perspectives. Multilingual teaching is available in Hailiang Education, including Chinese, English, Spanish, Japanese, Korean, and French. Its operating segment includes K-12 educational and management services; Educational training services and others. The company generates maximum revenue from the K-12 educational and management services segment.