China Three Gorges Renewables (Group) Co (SHSE:600905) PB Ratio : 1.42 (As of Mar. 27, 2025)

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What is China Three Gorges Renewables (Group) 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 (2025-03-27), China Three Gorges Renewables (Group) Co's share price is ¥4.24. China Three Gorges Renewables (Group) Co's Book Value per Share for the quarter that ended in Sep. 2024 was ¥2.99. Hence, China Three Gorges Renewables (Group) Co's PB Ratio of today is 1.42.

Good Sign:

China Three Gorges Renewables (Group) Co Ltd stock PB Ratio (=1.42) is close to 5-year low of 1.38

The historical rank and industry rank for China Three Gorges Renewables (Group) Co's PB Ratio or its related term are showing as below:

SHSE:600905' s PB Ratio Range Over the Past 10 Years
Min: 1.38 Med: 1.97 Max: 4.54
Current: 1.42

During the past 13 years, China Three Gorges Renewables (Group) Co's highest PB Ratio was 4.54. The lowest was 1.38. And the median was 1.97.

SHSE:600905's PB Ratio is ranked worse than
56.87% of 422 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.16 vs SHSE:600905: 1.42

During the past 12 months, China Three Gorges Renewables (Group) Co's average Book Value Per Share Growth Rate was 6.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 11.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Three Gorges Renewables (Group) Co was 11.90% per year. The lowest was 11.20% per year. And the median was 11.55% per year.

Back to Basics: PB Ratio

China Three Gorges Renewables (Group) Co PB Ratio Historical Data

The historical data trend for China Three Gorges Renewables (Group) 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.

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China Three Gorges Renewables (Group) Co PB Ratio Chart

China Three Gorges Renewables (Group) Co Annual Data

Trend

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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3.06

2.09

1.52

China Three Gorges Renewables (Group) 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															1.70	1.52	1.58	1.48	1.62

Competitive Comparison of China Three Gorges Renewables (Group) Co's PB Ratio

For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) 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 Three Gorges Renewables (Group) Co's PB Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where China Three Gorges Renewables (Group) Co's PB Ratio falls into.

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China Three Gorges Renewables (Group) 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 Three Gorges Renewables (Group) Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2024)
	=	4.24	/	2.992
	=	1.42

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 Three Gorges Renewables (Group) Co (SHSE:600905) 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 Three Gorges Renewables (Group) Co PB Ratio Related Terms

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China Three Gorges Renewables (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Three Gorges Renewables (Group) Co Ltd (SHSE:600905) » Definitions » PB Ratio

Traded in Other Exchanges

N/A

Address

No. 1, Gongyuan Street, Room 206-23, 2nd Floor, Building 1, Tongzhou District, Beijing, CHN, 101149

Website

https://www.ctgne.com

China Three Gorges Renewables is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydro-electric power plants, and energy storage projects. CTGR has a total generation capacity of about 40.0 gigawatts as of the end of 2023. In particular, the firm is also one of the largest offshore wind farm operators in China, with 5.5 GW of installed capacity at the end of 2023, representing about 15% of China's total capacity. Parent company, China Three Gorges, a state-owned enterprise, owns approximately 52.5% of CTGR's issued shares as of the end of 2023.

Executives

Zhang Long	Directors, senior managers
Yang Gui Fang	senior management
Lv Dong	senior management

China Three Gorges Renewables (Group) Co Headlines

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