Rongan Property Co (SZSE:000517) Price-to-Tangible-Book : 0.73 (As of Apr. 25, 2024)

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What is Rongan Property Co Price-to-Tangible-Book?

As of today (2024-04-25), Rongan Property Co's share price is ¥2.10. Rongan Property Co's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was ¥2.88. Hence, Rongan Property Co's Price to Tangible Book Ratio of today is 0.73.

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

SZSE:000517' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.72 Med: 1.59 Max: 5.98
Current: 0.73

During the past 13 years, Rongan Property Co's highest Price to Tangible Book Ratio was 5.98. The lowest was 0.72. And the median was 1.59.

SZSE:000517's Price-to-Tangible-Book is ranked better than
54.41% of 1722 companies
in the Real Estate industry
Industry Median: 0.81 vs SZSE:000517: 0.73

A closely related ratio is called PB Ratio. As of today, Rongan Property Co's share price is ¥2.10. Rongan Property Co's Book Value per Sharefor the quarter that ended in Sep. 2023 was ¥2.89. Hence, Rongan Property Co's P/B Ratio of today is 0.73.

Rongan Property Co Price-to-Tangible-Book Historical Data

The historical data trend for Rongan Property 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.

Rongan Property Co Price-to-Tangible-Book Chart

Rongan Property Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.53

1.30

1.13

0.86

1.02

Rongan Property Co 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	Get a 7-Day Free Trial															0.92	1.02	0.93	1.08	0.99

Competitive Comparison of Rongan Property Co's Price-to-Tangible-Book

For the Real Estate Services subindustry, Rongan Property 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.

Rongan Property Co's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Rongan Property Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Rongan Property Co's Price-to-Tangible-Book falls into.

Rongan Property Co Price-to-Tangible-Book Calculation

Rongan Property Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	2.10	/	2.88
	=	0.73

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.

Rongan Property Co Price-to-Tangible-Book Related Terms

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

Rongan Property Co (SZSE:000517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Rongan Property Co Ltd (SZSE:000517) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

No. 513, Lingqiao Road, 15th Floor, Haishu District, Zhejiang, Ningbo, CHN, 315010

Website

http://www.rongan.com.cn

Rongan Property Co Ltd is a China-based company engages in the development, operation, and distribution of real estate. Its business activities include the sale of real estate properties, property management, and house leasing services. It is also engaged in the construction of commercial properties such as parking lots. It also offers multi-story apartments, small and high-rise apartments and business buildings.

Rongan Property Co (SZSE:000517) Headlines

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