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Changshu Tongrun Auto Accessory Co (SHSE:603201) PB Ratio : 2.03 (As of Jun. 15, 2024)


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What is Changshu Tongrun Auto Accessory 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 (2024-06-15), Changshu Tongrun Auto Accessory Co's share price is ¥27.24. Changshu Tongrun Auto Accessory Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥13.43. Hence, Changshu Tongrun Auto Accessory Co's PB Ratio of today is 2.03.

The historical rank and industry rank for Changshu Tongrun Auto Accessory Co's PB Ratio or its related term are showing as below:

SHSE:603201' s PB Ratio Range Over the Past 10 Years
Min: 1.53   Med: 2.02   Max: 3.9
Current: 2.03

During the past 6 years, Changshu Tongrun Auto Accessory Co's highest PB Ratio was 3.90. The lowest was 1.53. And the median was 2.02.

SHSE:603201's PB Ratio is ranked worse than
66% of 1259 companies
in the Vehicles & Parts industry
Industry Median: 1.38 vs SHSE:603201: 2.03

During the past 12 months, Changshu Tongrun Auto Accessory Co's average Book Value Per Share Growth Rate was 14.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 33.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 39.60% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Changshu Tongrun Auto Accessory Co was 42.20% per year. The lowest was 33.50% per year. And the median was 41.60% per year.

Back to Basics: PB Ratio


Changshu Tongrun Auto Accessory Co PB Ratio Historical Data

The historical data trend for Changshu Tongrun Auto Accessory 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.

Changshu Tongrun Auto Accessory Co PB Ratio Chart

Changshu Tongrun Auto Accessory Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial - - - 1.87 2.06

Changshu Tongrun Auto Accessory Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.96 1.93 1.96 2.06 1.79

Competitive Comparison of Changshu Tongrun Auto Accessory Co's PB Ratio

For the Auto Parts subindustry, Changshu Tongrun Auto Accessory 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.


Changshu Tongrun Auto Accessory Co's PB Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Changshu Tongrun Auto Accessory Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Changshu Tongrun Auto Accessory Co's PB Ratio falls into.



Changshu Tongrun Auto Accessory 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.

Changshu Tongrun Auto Accessory Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=27.24/13.432
=2.03

* 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.


Changshu Tongrun Auto Accessory Co  (SHSE:603201) 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.


Changshu Tongrun Auto Accessory Co PB Ratio Related Terms

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


Changshu Tongrun Auto Accessory Co (SHSE:603201) Business Description

Traded in Other Exchanges
N/A
Address
Xinlongteng Industrial Park, Economic Development Zone, Jiangsu Province, Changshu, CHN
Changshu Tongrun Auto Accessory Co Ltd is engaged in the research and development, manufacturing and sales of various jacks and their extended products. The company's main products include commercial jacks, vehicle-mounted jacks, professional jacks, lifts and other automotive maintenance equipment and tools.
Executives
Directors, senior managers
Shi Xiao Ming Director
Zhu Wei Directors, senior managers
Wang Xiong Ping Directors, senior managers
Chen Jiang Directors, senior managers
Li Xue Jun senior management
Lu Xin Jun Director
Zhou Ke Shu senior management
Shen Min senior management

Changshu Tongrun Auto Accessory Co (SHSE:603201) Headlines

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