Hang Lung Properties (Hang Lung Properties) Price-to-Tangible-Book : 0.27 (As of Apr. 24, 2024)

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What is Hang Lung Properties Price-to-Tangible-Book?

As of today (2024-04-24), Hang Lung Properties's share price is $1.02. Hang Lung Properties's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $3.77. Hence, Hang Lung Properties's Price to Tangible Book Ratio of today is 0.27.

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

HLPPF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.27 Med: 0.57 Max: 0.74
Current: 0.27

During the past 13 years, Hang Lung Properties's highest Price to Tangible Book Ratio was 0.74. The lowest was 0.27. And the median was 0.57.

HLPPF's Price-to-Tangible-Book is ranked better than
84.55% of 1722 companies
in the Real Estate industry
Industry Median: 0.81 vs HLPPF: 0.27

A closely related ratio is called PB Ratio. As of today, Hang Lung Properties's share price is $1.02. Hang Lung Properties's Book Value per Sharefor the quarter that ended in Dec. 2023 was $3.77. Hence, Hang Lung Properties's P/B Ratio of today is 0.27.

Hang Lung Properties Price-to-Tangible-Book Historical Data

The historical data trend for Hang Lung Properties'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.

Hang Lung Properties Price-to-Tangible-Book Chart

Hang Lung Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.56

0.64

0.50

0.48

0.36

Hang Lung Properties Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.50	0.48	0.48	0.44	0.36

Competitive Comparison of Hang Lung Properties's Price-to-Tangible-Book

For the Real Estate Services subindustry, Hang Lung Properties'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.

Hang Lung Properties's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hang Lung Properties's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Hang Lung Properties's Price-to-Tangible-Book falls into.

Hang Lung Properties Price-to-Tangible-Book Calculation

Hang Lung Properties's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.02	/	3.768
	=	0.27

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.

Hang Lung Properties Price-to-Tangible-Book Related Terms

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

Hang Lung Properties (Hang Lung Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hang Lung Properties Ltd (OTCPK:HLPPF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

HLPPY:USA 00101:Hong Kong AOP:Germany

Address

4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG

Website

https://www.hanglung.com

Hung Lung Properties is the property arm of Hang Lung Group. The company primarily operates in Hong Kong and China where it develops and invests in a portfolio of commercial properties for rental income as well as develop residential properties for sale. Most of its revenue is generated in China where it focuses on retail malls in Tier 1 and 2 cities such as Shanghai, Wuxi, Hangzhou, Wuhan, Kunming Jinan, Dalian, Shenyang, and Tianjin. As such, investors view the company as a proxy for China's overall retail growth. The company is 59% owned by Hang Lung Group, and led by Ronnie Chan, who has been the chairman of the company since 1991.