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Gree Electric Appliances of Zhuhai (SZSE:000651) Price-to-Tangible-Book : 2.21 (As of Apr. 25, 2024)


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What is Gree Electric Appliances of Zhuhai Price-to-Tangible-Book?

As of today (2024-04-25), Gree Electric Appliances of Zhuhai's share price is ¥38.95. Gree Electric Appliances of Zhuhai's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was ¥17.65. Hence, Gree Electric Appliances of Zhuhai's Price to Tangible Book Ratio of today is 2.21.

The historical rank and industry rank for Gree Electric Appliances of Zhuhai's Price-to-Tangible-Book or its related term are showing as below:

SZSE:000651' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.06   Med: 2.94   Max: 5.06
Current: 2.21

During the past 13 years, Gree Electric Appliances of Zhuhai's highest Price to Tangible Book Ratio was 5.06. The lowest was 2.06. And the median was 2.94.

SZSE:000651's Price-to-Tangible-Book is ranked worse than
61.42% of 394 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.725 vs SZSE:000651: 2.21

A closely related ratio is called PB Ratio. As of today, Gree Electric Appliances of Zhuhai's share price is ¥38.95. Gree Electric Appliances of Zhuhai's Book Value per Sharefor the quarter that ended in Sep. 2023 was ¥19.95. Hence, Gree Electric Appliances of Zhuhai's P/B Ratio of today is 1.95.


Gree Electric Appliances of Zhuhai Price-to-Tangible-Book Historical Data

The historical data trend for Gree Electric Appliances of Zhuhai'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.

Gree Electric Appliances of Zhuhai Price-to-Tangible-Book Chart

Gree Electric Appliances of Zhuhai Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.50 3.77 3.42 2.35 2.18

Gree Electric Appliances of Zhuhai 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 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 2.22 2.18 2.33 2.23 2.06

Competitive Comparison of Gree Electric Appliances of Zhuhai's Price-to-Tangible-Book

For the Furnishings, Fixtures & Appliances subindustry, Gree Electric Appliances of Zhuhai'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.


Gree Electric Appliances of Zhuhai's Price-to-Tangible-Book Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Gree Electric Appliances of Zhuhai's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Gree Electric Appliances of Zhuhai's Price-to-Tangible-Book falls into.



Gree Electric Appliances of Zhuhai Price-to-Tangible-Book Calculation

Gree Electric Appliances of Zhuhai's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Sep. 2023 )
=38.95/17.653
=2.21

* 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.


Gree Electric Appliances of Zhuhai Price-to-Tangible-Book Related Terms

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


Gree Electric Appliances of Zhuhai (SZSE:000651) Business Description

Traded in Other Exchanges
N/A
Address
Jinji West Road, Qianshan, Guangdong Province, Zhuhai, CHN, 519070
Gree Electric Appliances Inc of Zhuhai is an international air conditioning enterprise. The company is engaged in household electrical appliances business including production and sale of air conditioners and its accessories, and small home appliances. It exports and imports goods and technologies; manufacturing and distribution of pumps, valves, compressors, fan motors, packaging equipment and other general-purpose equipment, electric motors, equipment for power transmission and distribution and control equipment.

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