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China Merchants Bank Co (HKSE:03968) PB Ratio : 0.77 (As of Dec. 13, 2024)


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What is China Merchants Bank 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 (2024-12-13), China Merchants Bank Co's share price is HK$37.70. China Merchants Bank Co's Book Value per Share for the quarter that ended in Sep. 2024 was HK$49.12. Hence, China Merchants Bank Co's PB Ratio of today is 0.77.

The historical rank and industry rank for China Merchants Bank Co's PB Ratio or its related term are showing as below:

HKSE:03968' s PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.35   Max: 2.05
Current: 0.83

During the past 13 years, China Merchants Bank Co's highest PB Ratio was 2.05. The lowest was 0.68. And the median was 1.35.

HKSE:03968's PB Ratio is ranked better than
58.84% of 1528 companies
in the Banks industry
Industry Median: 0.94 vs HKSE:03968: 0.83

During the past 12 months, China Merchants Bank Co's average Book Value Per Share Growth Rate was 14.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 15.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 16.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 14.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Merchants Bank Co was 46.30% per year. The lowest was 11.80% per year. And the median was 18.10% per year.

Back to Basics: PB Ratio


China Merchants Bank Co PB Ratio Historical Data

The historical data trend for China Merchants Bank 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.

China Merchants Bank Co PB Ratio Chart

China Merchants Bank Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.57 1.51 1.51 1.07 0.60

China Merchants Bank Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
PB Ratio 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 0.78 0.60 0.66 0.77 0.78

Competitive Comparison of China Merchants Bank Co's PB Ratio

For the Banks - Regional subindustry, China Merchants Bank 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.


China Merchants Bank Co's PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, China Merchants Bank Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where China Merchants Bank Co's PB Ratio falls into.



China Merchants Bank 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.

China Merchants Bank Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2024)
=37.70/49.118
=0.77

* 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 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 Merchants Bank Co  (HKSE:03968) 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 Merchants Bank Co PB Ratio Related Terms

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


China Merchants Bank Co Business Description

Traded in Other Exchanges
Address
No. 7088, Shennan Boulevard, 26th Floor, China Merchants Bank Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040
China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking, and wholesale banking accounted for 57%, 41%, and 2% of total profit before tax, respectively, and 56%, 41%, and 3% of total revenue in 2023.
Executives
Jpmorgan Chase & Co.
Citigroup Inc. 2502 Approved lending agent
Blackrock, Inc. 2201 Interest of corporation controlled by you
Ubs Group Ag 2201 Interest of corporation controlled by you
China Merchants Group Limited 2201 Interest of corporation controlled by you
Best Winner Investment Limited 2101 Beneficial owner
Zhao Rong Tou Zi Kong Gu Xiang Gang You Xian Gong Si 2201 Interest of corporation controlled by you
Shen Zhen Shi Zhao Rong Tou Zi Kong Gu You Xian Gong Si 2201 Interest of corporation controlled by you

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