Chongqing Gas Group (SHSE:600917) PB Ratio : 1.80 (As of May. 27, 2024)

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What is Chongqing Gas Group 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 (2024-05-27), Chongqing Gas Group's share price is ¥6.12. Chongqing Gas Group's Book Value per Share for the quarter that ended in Mar. 2024 was ¥3.40. Hence, Chongqing Gas Group's PB Ratio of today is 1.80.

Good Sign:

Chongqing Gas Group Corporation Ltd stock PB Ratio (=1.78) is close to 10-year low of 1.63

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

SHSE:600917' s PB Ratio Range Over the Past 10 Years
Min: 1.63 Med: 2.92 Max: 8.33
Current: 1.8

During the past 13 years, Chongqing Gas Group's highest PB Ratio was 8.33. The lowest was 1.63. And the median was 2.92.

SHSE:600917's PB Ratio is ranked worse than
65.1% of 510 companies
in the Utilities - Regulated industry
Industry Median: 1.41 vs SHSE:600917: 1.80

During the past 12 months, Chongqing Gas Group's average Book Value Per Share Growth Rate was 8.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 5.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Chongqing Gas Group was 7.90% per year. The lowest was -12.30% per year. And the median was 5.60% per year.

Back to Basics: PB Ratio

Chongqing Gas Group PB Ratio Historical Data

The historical data trend for Chongqing Gas Group'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.

Chongqing Gas Group PB Ratio Chart

Chongqing Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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2.69

2.42

2.77

2.48

1.88

Chongqing Gas Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															2.40	2.16	2.13	1.88	1.82

Competitive Comparison of Chongqing Gas Group's PB Ratio

For the Utilities - Regulated Gas subindustry, Chongqing Gas Group'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.

Chongqing Gas Group's PB Ratio Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Chongqing Gas Group's PB Ratio falls into.

Chongqing Gas Group 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.

Chongqing Gas Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	6.12	/	3.398
	=	1.80

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.

Chongqing Gas Group (SHSE:600917) 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.

Chongqing Gas Group PB Ratio Related Terms

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

Chongqing Gas Group (SHSE:600917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chongqing Gas Group Corporation Ltd (SHSE:600917) » Definitions » PB Ratio

Traded in Other Exchanges

N/A

Address

Jiangbei District Court, a small village on the 30th, Chongqing, CHN, 400020

Website

http://www.cqgas.cn

Chongqing Gas Group Corporation Ltd engages in the design, manufacture, installation, maintenance, sale, management, and technical consultation of gas supply and pipe network in China. It also supplies, transport, storage, distributes, and sale gas. The company engages in the supply of heating, cooling, and cogeneration; pipe anti-corrosion processing; and gas appliance sales and other business operations.

Executives

Wang Song Qiu	Director
Li Jin Yan	senior management
Fu Xiu Ping	senior management
Wu Can Guang	Director
Jiang Ying Hui	senior management
Wang Ji Wu	Director
Wen Xiao Song	senior management

Chongqing Gas Group (SHSE:600917) Headlines

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