Noah Holdings (Noah Holdings) Price-to-Tangible-Book

: 0.54 (As of Today)

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As of today (2024-04-16), Noah Holdings's share price is $12.23. Noah Holdings's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $22.54. Hence, Noah Holdings's Price to Tangible Book Ratio of today is 0.54.

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

NOAH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.09 Med: 2.09 Max: 4.8
Current: 0.54

During the past 13 years, Noah Holdings's highest Price to Tangible Book Ratio was 4.80. The lowest was 0.09. And the median was 2.09.

NOAH's Price-to-Tangible-Book is ranked better than
88.63% of 1627 companies
in the Asset Management industry
Industry Median: 0.93 vs NOAH: 0.54

A closely related ratio is called PB Ratio. As of today, Noah Holdings's share price is $12.23. Noah Holdings's Book Value per Sharefor the quarter that ended in Sep. 2023 was $22.54. Hence, Noah Holdings's P/B Ratio of today is 0.54.

Noah Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Noah 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.

Noah Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

2.31

1.65

2.01

1.10

0.72

Noah Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book																0.62	0.72	0.74	0.63	0.55

Competitive Comparison

For the Asset Management subindustry, Noah 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.

Noah Holdings Price-to-Tangible-Book Distribution

For the Asset Management industry and Financial Services sector, Noah Holdings's Price-to-Tangible-Book distribution charts can be found below:

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

Noah Holdings Price-to-Tangible-Book Calculation

Noah Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	12.23	/	22.542
	=	0.54

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.

Noah Holdings Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Noah Holdings's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Noah Holdings (Noah Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Noah Holdings Ltd (NYSE:NOAH) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

06686:Hong Kong 6NO:Germany

Address

1687 Changyang Road, Changyang Valley, Building 2, Shanghai, CHN, 200090

Website

https://ir.noahgroup.com

Noah Holdings Ltd is a wealth management service provider. It focuses on wealth investment and asset allocation services for high-net-worth individuals and enterprises in China. The company operates through three segments: wealth management, asset management, and other business. Its product offerings consisting of over-the-counter wealth management and OTC asset management products and mutual fund products. The portfolio of the group mostly includes fixed income products, private equity funds and securities investment funds. Majority of the firm revenue is generated through one-time commissions and recurring service fees paid by third-party product providers.