CSSC (Hong Kong) Shipping Co (HKSE:03877) PB Ratio : 0.71 (As of May. 16, 2024)

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What is CSSC (Hong Kong) Shipping Co 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 (2024-05-16), CSSC (Hong Kong) Shipping Co's share price is HK$1.48. CSSC (Hong Kong) Shipping Co's Book Value per Share for the quarter that ended in Dec. 2023 was HK$2.07. Hence, CSSC (Hong Kong) Shipping Co's PB Ratio of today is 0.71.

The historical rank and industry rank for CSSC (Hong Kong) Shipping Co's PB Ratio or its related term are showing as below:

HKSE:03877' s PB Ratio Range Over the Past 10 Years
Min: 0.61 Med: 0.78 Max: 1.42
Current: 0.71

During the past 8 years, CSSC (Hong Kong) Shipping Co's highest PB Ratio was 1.42. The lowest was 0.61. And the median was 0.78.

HKSE:03877's PB Ratio is ranked better than
83.74% of 1027 companies
in the Business Services industry
Industry Median: 1.8 vs HKSE:03877: 0.71

During the past 12 months, CSSC (Hong Kong) Shipping Co's average Book Value Per Share Growth Rate was 10.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 15.50% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of CSSC (Hong Kong) Shipping Co was 20.50% per year. The lowest was 11.00% per year. And the median was 12.60% per year.

Back to Basics: PB Ratio

CSSC (Hong Kong) Shipping Co PB Ratio Historical Data

The historical data trend for CSSC (Hong Kong) Shipping Co'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.

CSSC (Hong Kong) Shipping Co PB Ratio Chart

CSSC (Hong Kong) Shipping Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.96

0.75

0.67

0.62

0.71

CSSC (Hong Kong) Shipping Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial									0.67	0.80	0.62	0.66	0.71

Competitive Comparison of CSSC (Hong Kong) Shipping Co's PB Ratio

For the Rental & Leasing Services subindustry, CSSC (Hong Kong) Shipping Co'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.

CSSC (Hong Kong) Shipping Co's PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CSSC (Hong Kong) Shipping Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where CSSC (Hong Kong) Shipping Co's PB Ratio falls into.

CSSC (Hong Kong) Shipping Co 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.

CSSC (Hong Kong) Shipping Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.48	/	2.071
	=	0.71

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.

CSSC (Hong Kong) Shipping Co (HKSE:03877) 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.

CSSC (Hong Kong) Shipping Co PB Ratio Related Terms

Thank you for viewing the detailed overview of CSSC (Hong Kong) Shipping Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

CSSC (Hong Kong) Shipping Co (HKSE:03877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CSSC (Hong Kong) Shipping Co Ltd (HKSE:03877) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

3LL:Germany

Address

19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG

Website

https://www.csscshipping.cn

CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company in Greater China. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides Leasing services.

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