Huzhou Gas Co (HKSE:06661) PB Ratio : 0.86 (As of May. 13, 2024)

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What is Huzhou Gas 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 (2024-05-13), Huzhou Gas Co's share price is HK$5.47. Huzhou Gas Co's Book Value per Share for the quarter that ended in Dec. 2023 was HK$6.37. Hence, Huzhou Gas Co's PB Ratio of today is 0.86.

Good Sign:

Huzhou Gas Co Ltd stock PB Ratio (=0.86) is close to 1-year low of 0.83

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

HKSE:06661' s PB Ratio Range Over the Past 10 Years
Min: 0.83 Med: 0.91 Max: 1.06
Current: 0.86

During the past 5 years, Huzhou Gas Co's highest PB Ratio was 1.06. The lowest was 0.83. And the median was 0.91.

HKSE:06661's PB Ratio is not ranked
in the Utilities - Regulated industry.
Industry Median: 1.44 vs HKSE:06661: 0.86

During the past 12 months, Huzhou Gas Co's average Book Value Per Share Growth Rate was 2.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 9.30% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Huzhou Gas Co was 10.80% per year. The lowest was 9.30% per year. And the median was 10.05% per year.

Back to Basics: PB Ratio

Huzhou Gas Co PB Ratio Historical Data

The historical data trend for Huzhou Gas 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.

Huzhou Gas Co PB Ratio Chart

Huzhou Gas Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

0.98

0.94

Huzhou Gas Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial			-	-	0.98	0.91	0.94

Competitive Comparison of Huzhou Gas Co's PB Ratio

For the Utilities - Regulated Gas subindustry, Huzhou Gas 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.

Huzhou Gas Co's PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Huzhou Gas Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Huzhou Gas Co's PB Ratio falls into.

Huzhou Gas 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.

Huzhou Gas Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	5.47	/	6.373
	=	0.86

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.

Huzhou Gas Co (HKSE:06661) 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.

Huzhou Gas Co PB Ratio Related Terms

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

Huzhou Gas Co (HKSE:06661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Huzhou Gas Co Ltd (HKSE:06661) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

227 Sizhong Road, Zhejiang Province, Huzhou, CHN

Website

https://www.hzrqgf.com

Huzhou Gas Co Ltd is the largest piped natural gas distributor. The principal business of the company comprises of sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and others, including sale of household gas appliances.

Huzhou Gas Co (HKSE:06661) Headlines

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