ZTO Express (Cayman) (ZTO Express (Cayman)) Price-to-Tangible-Book : 2.43 (As of Apr. 24, 2024)

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What is ZTO Express (Cayman) Price-to-Tangible-Book?

As of today (2024-04-24), ZTO Express (Cayman)'s share price is $21.07. ZTO Express (Cayman)'s Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $8.68. Hence, ZTO Express (Cayman)'s Price to Tangible Book Ratio of today is 2.43.

The historical rank and industry rank for ZTO Express (Cayman)'s Price-to-Tangible-Book or its related term are showing as below:

ZTO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.33 Med: 3.82 Max: 4.86
Current: 2.43

During the past 10 years, ZTO Express (Cayman)'s highest Price to Tangible Book Ratio was 4.86. The lowest was 2.33. And the median was 3.82.

ZTO's Price-to-Tangible-Book is ranked worse than
70% of 880 companies
in the Transportation industry
Industry Median: 1.39 vs ZTO: 2.43

A closely related ratio is called PB Ratio. As of today, ZTO Express (Cayman)'s share price is $21.07. ZTO Express (Cayman)'s Book Value per Sharefor the quarter that ended in Dec. 2023 was $10.41. Hence, ZTO Express (Cayman)'s P/B Ratio of today is 2.02.

ZTO Express (Cayman) Price-to-Tangible-Book Historical Data

The historical data trend for ZTO Express (Cayman)'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.

ZTO Express (Cayman) Price-to-Tangible-Book Chart

ZTO Express (Cayman) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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4.07

3.92

3.72

3.45

2.45

ZTO Express (Cayman) 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															3.45	3.61	3.16	2.97	2.45

Competitive Comparison of ZTO Express (Cayman)'s Price-to-Tangible-Book

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'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.

ZTO Express (Cayman)'s Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Price-to-Tangible-Book falls into.

ZTO Express (Cayman) Price-to-Tangible-Book Calculation

ZTO Express (Cayman)'s price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	21.07	/	8.684
	=	2.43

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.

ZTO Express (Cayman) Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of ZTO Express (Cayman)'s Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

ZTO Express (Cayman) (ZTO Express (Cayman)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (NYSE:ZTO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ZTO:Mexico 02057:Hong Kong 0A33:UK ZTOA:Germany Z1TO34:Brazil

Address

No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708

Website

http://ir.zto.com

ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains the Chairman, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company, Alibaba Group, with around an 11.7% interest.