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CHINA FUND (CHINA FUND) PB Ratio : 0.87 (As of Apr. 26, 2024)


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What is CHINA FUND 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 (2024-04-26), CHINA FUND's share price is $10.35. CHINA FUND's Book Value per Share for the quarter that ended in Oct. 2023 was $11.88. Hence, CHINA FUND's PB Ratio of today is 0.87.

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

CHN' s PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.93   Max: 1.39
Current: 0.87

During the past 7 years, CHINA FUND's highest PB Ratio was 1.39. The lowest was 0.33. And the median was 0.93.

CHN's PB Ratio is ranked better than
68.14% of 1692 companies
in the Asset Management industry
Industry Median: 0.93 vs CHN: 0.87

During the past 12 months, CHINA FUND's average Book Value Per Share Growth Rate was 2.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -27.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -11.90% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of CHINA FUND was 16.90% per year. The lowest was -27.80% per year. And the median was -4.80% per year.

Back to Basics: PB Ratio


CHINA FUND PB Ratio Historical Data

The historical data trend for CHINA FUND'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.

CHINA FUND PB Ratio Chart

CHINA FUND Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
PB Ratio
Get a 7-Day Free Trial 0.88 0.89 0.86 0.86 0.82

CHINA FUND Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.88 0.86 0.85 0.82

Competitive Comparison of CHINA FUND's PB Ratio

For the Asset Management subindustry, CHINA FUND'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 FUND's PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where CHINA FUND's PB Ratio falls into.



CHINA FUND 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 FUND's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Oct. 2023)
=10.35/11.879
=0.87

* 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.


CHINA FUND  (NYSE:CHN) 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 FUND PB Ratio Related Terms

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


CHINA FUND (CHINA FUND) Business Description

Traded in Other Exchanges
N/A
Address
C/o Brown Brothers Harriman & Co, 50 Post Office Square, Boston, MA, USA, 02110
CHINA FUND INC is a non-diversified, closed-end management investment company. Its investment objective is a long-term capital appreciation which it seeks to achieve by investing in equity securities with trading in China and outside China. It invests in various industries such as Insurance, Entertainment, Machinery, Electrical Equipment, Beverages, Hotels, Restaurants and Leisure among others.
Executives
Yan Hu director 60 VICTORIA EMBANKMENT, LONDON X0 EC4Y 0JP
Theresa Noriega-lum officer: President 4 EMBARCADERO CENTER, SUITE 550, SAN FRANCISCO CA 94111
Iwanicki George John Jr director 8K THORMAN LANE, HUNTINGTON NY 11743
Julian Reid 10 percent owner C/O BROWN BROTHERS HARRIMAN, 50 POST OFFICE SQUARE, BOSTON MA 02110
City Of London Investment Group Plc 10 percent owner 77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Frank L Wheeler officer: President FOUR EMBARCADERO CENTER, SUITE 550, SAN FRANCISCO CA 94111
Michael F Holland director
Richard Silver 10 percent owner C/O STATE STREET BANK AND TRUST COMPANY, ONE LINCOLN STREET, BOSTON MA 02111
City Of London Investment Management Co Ltd 10 percent owner 77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Heiko Mildner other: Affiliated Person 1633 BROADWAY, NEW YORK NY 10019
Kathleen C. Thompson other: Affiliated Person 1633 BROADWAY, NEW YORK NY 10019
Jeffrey D Parker other: See remarks 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Douglas Eu other: SEE REMARKS C/O ALLIANZ GLOBAL INVESTORS U.S. LLC, 1633 BROADWAY, NEW YORK NY 10019
William Grau other: SEE REMARKS C/O ALLIANZ GLOBAL INVESTORS U.S. LLC, 1633 BROADWAY, NEW YORK NY 10019
Laura F. Dell officer: Treasurer 100 HUNTINGTON AVENUE, CPH 0326, BOSTON MA 02116

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