Noah Holdings (Noah Holdings) PB Ratio : 0.59 (As of Apr. 28, 2024)

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What is Noah Holdings 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 (2024-04-28), Noah Holdings's share price is $12.72. Noah Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was $21.58. Hence, Noah Holdings's PB Ratio of today is 0.59.

The historical rank and industry rank for Noah Holdings's PB Ratio or its related term are showing as below:

NOAH' s PB Ratio Range Over the Past 10 Years
Min: 0.06 Med: 2.15 Max: 6.36
Current: 0.59

During the past 13 years, Noah Holdings's highest PB Ratio was 6.36. The lowest was 0.06. And the median was 2.15.

NOAH's PB Ratio is ranked better than
86.3% of 1693 companies
in the Asset Management industry
Industry Median: 0.93 vs NOAH: 0.59

During the past 12 months, Noah Holdings's average Book Value Per Share Growth Rate was 0.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 19.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Noah Holdings was 481.50% per year. The lowest was -3.20% per year. And the median was 26.05% per year.

Back to Basics: PB Ratio

Noah Holdings PB Ratio Historical Data

The historical data trend for Noah Holdings'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.

Noah Holdings PB Ratio Chart

Noah Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.65

2.01

1.10

0.72

0.64

Noah Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.72	0.74	0.63	0.55	0.64

Competitive Comparison of Noah Holdings's PB Ratio

For the Asset Management subindustry, Noah Holdings'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.

Noah Holdings's PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Noah Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Noah Holdings's PB Ratio falls into.

Noah Holdings 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.

Noah Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	12.72	/	21.576
	=	0.59

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.

Noah Holdings (NYSE:NOAH) 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.

Noah Holdings PB Ratio Related Terms

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Noah Holdings (Noah Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Noah Holdings Ltd (NYSE:NOAH) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

06686:Hong Kong 6NO:Germany

Address

1687 Changyang Road, Changyang Valley, Building 2, Shanghai, CHN, 200090

Website

https://ir.noahgroup.com

Noah Holdings Ltd is a wealth management service provider. It focuses on wealth investment and asset allocation services for high-net-worth individuals and enterprises in China. The company operates through three segments: wealth management, asset management, and other business. Its product offerings consisting of over-the-counter wealth management and OTC asset management products and mutual fund products. The portfolio of the group mostly includes fixed income products, private equity funds and securities investment funds. Majority of the firm revenue is generated through one-time commissions and recurring service fees paid by third-party product providers.