Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Price-to-Tangible-Book : 9.40 (As of Apr. 24, 2024)

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Hong Kong Exchanges and Clearing Price-to-Tangible-Book Definition

As of today (2024-04-24), Hong Kong Exchanges and Clearing's share price is $30.42. Hong Kong Exchanges and Clearing's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $3.24. Hence, Hong Kong Exchanges and Clearing's Price to Tangible Book Ratio of today is 9.40.

The historical rank and industry rank for Hong Kong Exchanges and Clearing's Price-to-Tangible-Book or its related term are showing as below:

HKXCY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 8.49 Med: 15.44 Max: 59.74
Current: 9.36

During the past 13 years, Hong Kong Exchanges and Clearing's highest Price to Tangible Book Ratio was 59.74. The lowest was 8.49. And the median was 15.44.

HKXCY's Price-to-Tangible-Book is ranked worse than
92.79% of 721 companies
in the Capital Markets industry
Industry Median: 1.34 vs HKXCY: 9.36

A closely related ratio is called PB Ratio. As of today, Hong Kong Exchanges and Clearing's share price is $30.42. Hong Kong Exchanges and Clearing's Book Value per Sharefor the quarter that ended in Dec. 2023 was $5.19. Hence, Hong Kong Exchanges and Clearing's P/B Ratio of today is 5.87.

Hong Kong Exchanges and Clearing Price-to-Tangible-Book Historical Data

The historical data trend for Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing Price-to-Tangible-Book Chart

Hong Kong Exchanges and Clearing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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12.40

17.84

19.13

13.77

10.58

Hong Kong Exchanges and Clearing Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															14.83	11.56	12.36	10.58	-

Competitive Comparison of Hong Kong Exchanges and Clearing's Price-to-Tangible-Book

For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing Price-to-Tangible-Book Distribution

For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Hong Kong Exchanges and Clearing's Price-to-Tangible-Book falls into.

Hong Kong Exchanges and Clearing Price-to-Tangible-Book Calculation

Hong Kong Exchanges and Clearing's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	30.42	/	3.237
	=	9.40

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.

Hong Kong Exchanges and Clearing Price-to-Tangible-Book Related Terms

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Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (OTCPK:HKXCY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

HKXCF:USA 00388:Hong Kong HK2C:Germany

Address

8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG

Website

https://www.hkexgroup.com

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.