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Maanshan Iron And Steel Co (SHSE:600808) Price-to-Tangible-Book : 0.71 (As of Apr. 25, 2024)


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What is Maanshan Iron And Steel Co Price-to-Tangible-Book?

As of today (2024-04-25), Maanshan Iron And Steel Co's share price is ¥2.37. Maanshan Iron And Steel Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ¥3.36. Hence, Maanshan Iron And Steel Co's Price to Tangible Book Ratio of today is 0.71.

The historical rank and industry rank for Maanshan Iron And Steel Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:600808' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.7   Med: 0.98   Max: 1.46
Current: 0.71

During the past 13 years, Maanshan Iron And Steel Co's highest Price to Tangible Book Ratio was 1.46. The lowest was 0.70. And the median was 0.98.

SHSE:600808's Price-to-Tangible-Book is ranked better than
68.21% of 604 companies
in the Steel industry
Industry Median: 1.04 vs SHSE:600808: 0.71

A closely related ratio is called PB Ratio. As of today, Maanshan Iron And Steel Co's share price is ¥2.37. Maanshan Iron And Steel Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was ¥3.58. Hence, Maanshan Iron And Steel Co's P/B Ratio of today is 0.66.


Maanshan Iron And Steel Co Price-to-Tangible-Book Historical Data

The historical data trend for Maanshan Iron And Steel Co'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.

Maanshan Iron And Steel Co Price-to-Tangible-Book Chart

Maanshan Iron And Steel Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.77 0.92 0.80 0.81

Maanshan Iron And Steel Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.83 0.80 0.80 0.81

Competitive Comparison of Maanshan Iron And Steel Co's Price-to-Tangible-Book

For the Steel subindustry, Maanshan Iron And Steel Co'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.


Maanshan Iron And Steel Co's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maanshan Iron And Steel Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Maanshan Iron And Steel Co's Price-to-Tangible-Book falls into.



Maanshan Iron And Steel Co Price-to-Tangible-Book Calculation

Maanshan Iron And Steel Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=2.37/3.358
=0.71

* 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.

It can also be calculated from the numbers for the whole company:

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.


Maanshan Iron And Steel Co Price-to-Tangible-Book Related Terms

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


Maanshan Iron And Steel Co (SHSE:600808) Business Description

Traded in Other Exchanges
Address
No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003
Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. It has two segments. Production and sale of iron and steel products and related by-products, and Financial service. The company's principal product is steel, which is categorized into steel plates, section steel, wire rods, and train wheels. Thin plate products are further categorized into hot and rolled plates, galvanized plates, and coil-coating plates. The products in the wire rod category comprise wire rod materials and hot-rolled reinforced steel used in armored concrete. The Train wheel category includes train wheels and wheel rims.

Maanshan Iron And Steel Co (SHSE:600808) Headlines

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