China New Higher Education Group (HKSE:02001) PB Ratio : 0.83 (As of Jun. 17, 2024)

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What is China New Higher Education Group PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-17), China New Higher Education Group's share price is HK$2.20. China New Higher Education Group's Book Value per Share for the quarter that ended in Feb. 2024 was HK$2.66. Hence, China New Higher Education Group's PB Ratio of today is 0.83.

Good Sign:

China New Higher Education Group Ltd stock PB Ratio (=0.85) is close to 10-year low of 0.79

The historical rank and industry rank for China New Higher Education Group's PB Ratio or its related term are showing as below:

HKSE:02001' s PB Ratio Range Over the Past 10 Years
Min: 0.79 Med: 2.07 Max: 7.66
Current: 0.83

During the past 10 years, China New Higher Education Group's highest PB Ratio was 7.66. The lowest was 0.79. And the median was 2.07.

HKSE:02001's PB Ratio is ranked better than
69.69% of 254 companies
in the Education industry
Industry Median: 1.53 vs HKSE:02001: 0.83

During the past 12 months, China New Higher Education Group's average Book Value Per Share Growth Rate was 1.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 13.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.00% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of China New Higher Education Group was 71.90% per year. The lowest was 5.70% per year. And the median was 15.70% per year.

Back to Basics: PB Ratio

China New Higher Education Group PB Ratio Historical Data

The historical data trend for China New Higher Education Group's PB Ratio 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.

China New Higher Education Group PB Ratio Chart

China New Higher Education Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Aug20

Aug21

Aug22

Aug23

PB Ratio

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1.69

3.56

1.84

1.05

1.02

China New Higher Education Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
PB Ratio	Get a 7-Day Free Trial													1.13	1.05	1.22	1.02	0.93

Competitive Comparison of China New Higher Education Group's PB Ratio

For the Education & Training Services subindustry, China New Higher Education Group's PB Ratio, along with its competitors' market caps and PB Ratio 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.

China New Higher Education Group's PB Ratio Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China New Higher Education Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where China New Higher Education Group's PB Ratio falls into.

China New Higher Education Group PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

China New Higher Education Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Feb. 2024)
	=	2.20	/	2.663
	=	0.83

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

China New Higher Education Group (HKSE:02001) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

China New Higher Education Group PB Ratio Related Terms

Thank you for viewing the detailed overview of China New Higher Education Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

China New Higher Education Group (HKSE:02001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China New Higher Education Group Ltd (HKSE:02001) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

8CN:Germany

Address

5A Shuguang Xili Street, 20th floor, Tower F, Phoenix Place, Chaoyang District, Beijing, CHN

Website

https://www.xingaojiao.com

China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 140,000 for the academic year 2023/24 from 33,462 students as of December 2016. The rapid expansion is primarily attributable to school acquisitions. CNHE currently operates eight schools, up from only two schools in 2016.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Li Xiaoxuan	2101 Beneficial owner
Aspire Education Management Co., Ltd.	2101 Beneficial owner
Tx Capital (hk) Limited	2102 Investment manager
Greenwoods Asset Management Hong Kong Limited	2102 Investment manager
Invest Partner Group Limited	2201 Interest of corporation controlled by you
Jiang Jinzhi	2201 Interest of corporation controlled by you
Aspire Education Technology Co., Ltd.	2101 Beneficial owner

China New Higher Education Group (HKSE:02001) Headlines

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