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China Information Technology Inc  (NAS:CNIT) PB Ratio: 12.83 (As of Today)

As of today, China Information Technology Inc's share price is $1.18. China Information Technology Inc's Book Value per Share for the fiscal year that ended in Dec. 2016 was $0.09. Hence, China Information Technology Inc's P/B Ratio of today is 12.83.

Warning Sign:

China Information Technology Inc stock PB Ratio (=12.06) is close to 5-year high of 13.15

NAS:CNIT' s PB Ratio Range Over the Past 10 Years
Min: 0.1   Max: 163.93
Current: 12.17

0.1
163.93

During the past 12 years, China Information Technology Inc's highest P/B Ratio was 163.93. The lowest was 0.10. And the median was 2.05.

NAS:CNIT's PB Ratio is ranked lower than
87% of the 1749 Companies
in the Global industry.

( Industry Median: 3.07 vs. NAS:CNIT: 12.17 )

During the past 12 months, China Information Technology Inc's average Book Value Per Share Growth Rate was -72.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -58.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -57.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -15.70% per year.

During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of China Information Technology Inc was 521.40% per year. The lowest was -58.50% per year. And the median was -4.80% per year.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

China Information Technology Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 5.68 6.45 3.19 7.83

China Information Technology Inc Semi-Annual Data

Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
PB Ratio 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 Premium Member Only Premium Member Only Premium Member Only 5.71 3.19 3.36 7.83 9.69

Competitive Comparison
* 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.


Calculation

China Information Technology Inc's P/B ratio for today is calculated as follows:

P/B Ratio=Share Price/Book Value per Share (A: Dec. 2016)
=1.18/0.092
=12.83

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Price-to-Book Ratio is that book value other than intangibles are used in the calculation.


Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PS Ratio or Price-to-Free-Cash-Flow, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book 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 Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


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