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China Information Technology Development (HKSE:08178) PB Ratio : 0.81 (As of Dec. 15, 2024)


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What is China Information Technology Development 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 (2024-12-15), China Information Technology Development's share price is HK$3.40. China Information Technology Development's Book Value per Share for the quarter that ended in Jun. 2024 was HK$4.18. Hence, China Information Technology Development's PB Ratio of today is 0.81.

The historical rank and industry rank for China Information Technology Development's PB Ratio or its related term are showing as below:

HKSE:08178' s PB Ratio Range Over the Past 10 Years
Min: 0.14   Med: 0.89   Max: 2.43
Current: 0.81

During the past 13 years, China Information Technology Development's highest PB Ratio was 2.43. The lowest was 0.14. And the median was 0.89.

HKSE:08178's PB Ratio is ranked better than
89.93% of 2572 companies
in the Software industry
Industry Median: 2.885 vs HKSE:08178: 0.81

During the past 3 years, the average Book Value Per Share Growth Rate was -33.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -24.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -15.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Information Technology Development was 71.30% per year. The lowest was -58.30% per year. And the median was -11.80% per year.

Back to Basics: PB Ratio


China Information Technology Development PB Ratio Historical Data

The historical data trend for China Information Technology Development'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 Information Technology Development PB Ratio Chart

China Information Technology Development 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 1.28 0.29 0.22 0.23 0.44

China Information Technology Development Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
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 - 0.46 - 0.44 0.27

Competitive Comparison of China Information Technology Development's PB Ratio

For the Information Technology Services subindustry, China Information Technology Development'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 Information Technology Development's PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, China Information Technology Development's PB Ratio distribution charts can be found below:

* The bar in red indicates where China Information Technology Development's PB Ratio falls into.



China Information Technology Development 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 Information Technology Development's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2024)
=3.40/4.176
=0.81

* 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 Information Technology Development  (HKSE:08178) 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 Information Technology Development PB Ratio Related Terms

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


China Information Technology Development Business Description

Traded in Other Exchanges
N/A
Address
392 Kwun Tong Road, Unit 3308, 33rd Floor, Millennium City 6, Kwun Tong, Hong Kong, HKG
China Information Technology Development Ltd is an investment holding company. Along with its subsidiaries, the company provides system integration and related support services, IT infrastructure solutions, maintenance services, money lending, and securities trading. It operates in the segments of Provision of IT solutions and maintenance, Money lending, Securities trading, and Rental of properties. It generates key revenue from the IT solutions and maintenance segment. It has a business presence in the PRC and Hong Kong, of which a majority of revenue is derived from Hong Kong.
Executives
Zhang Rong 2101 Beneficial owner
Lee Ying Chiu Herbert 2201 Interest of corporation controlled by you
Choi Hing Lin Lori 2202 Interest of your spouse
Lam Shu Chung 2101 Beneficial owner
Tang Keung 2101 Beneficial owner
Valuable Fortune Limited 2101 Beneficial owner
Lee Yat Lung Andrew 2201 Interest of corporation controlled by you

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