China Gas Holdings (China Gas Holdings) Price-to-Tangible-Book

: 0.77 (As of Today)

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As of today (2024-04-16), China Gas Holdings's share price is $21.80. China Gas Holdings's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $28.39. Hence, China Gas Holdings's Price to Tangible Book Ratio of today is 0.77.

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

CGHLY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.74 Med: 5.08 Max: 7.4
Current: 0.75

During the past 13 years, China Gas Holdings's highest Price to Tangible Book Ratio was 7.40. The lowest was 0.74. And the median was 5.08.

CGHLY's Price-to-Tangible-Book is ranked better than
80.93% of 472 companies
in the Utilities - Regulated industry
Industry Median: 1.74 vs CGHLY: 0.75

A closely related ratio is called PB Ratio. As of today, China Gas Holdings's share price is $21.80. China Gas Holdings's Book Value per Sharefor the quarter that ended in Sep. 2023 was $32.12. Hence, China Gas Holdings's P/B Ratio of today is 0.68.

China Gas Holdings Price-to-Tangible-Book Historical Data

The historical data trend for China Gas 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 Gas Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

5.56

4.27

3.75

0.97

1.12

China Gas Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book																2.25	0.97	0.98	1.12	0.82

Competitive Comparison

For the Utilities - Regulated Gas subindustry, China Gas 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 Gas Holdings Price-to-Tangible-Book Distribution

For the Utilities - Regulated industry and Utilities sector, China Gas Holdings's Price-to-Tangible-Book distribution charts can be found below:

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

China Gas Holdings Price-to-Tangible-Book Calculation

China Gas 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 )
	=	21.80	/	28.392
	=	0.77

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 Gas Holdings Price-to-Tangible-Book Related Terms

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

China Gas Holdings (China Gas Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Holdings Ltd (OTCPK:CGHLY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CGHOF:USA 00384:Hong Kong EBZ:Germany

Address

151 Gloucester Road, Room 1601, 16th Floor, Capital Centre, Wan Chai, Hong Kong, HKG

Website

http://www.chinagasholdings.com.hk

China Gas Holdings is involved in the wholesale and retail businesses of natural gas and liquefied petroleum gas in China. As of fiscal 2023 (ended March 31, 2023), the group had secured a total of 661 piped gas concessions, 533 compressed natural gas/liquefied natural gas refilling stations for vehicles, and 106 LPG distribution projects in China. In total, CGH has connected 45.4 million residential households and achieved a penetration rate of 68.6%.

China Gas Holdings (China Gas Holdings) Headlines

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