GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Xinjiang Tianye Co Ltd (SHSE:600075) » Definitions » PB Ratio

Xinjiang Tianye Co (SHSE:600075) PB Ratio : 0.75 (As of Apr. 27, 2024)


View and export this data going back to 1997. Start your Free Trial

What is Xinjiang Tianye 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 (2024-04-27), Xinjiang Tianye Co's share price is ¥3.97. Xinjiang Tianye Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥5.32. Hence, Xinjiang Tianye Co's PB Ratio of today is 0.75.

Good Sign:

Xinjiang Tianye Co Ltd stock PB Ratio (=0.73) is close to 3-year low of 0.66

The historical rank and industry rank for Xinjiang Tianye Co's PB Ratio or its related term are showing as below:

SHSE:600075' s PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 1.46   Max: 4.48
Current: 0.75

During the past 13 years, Xinjiang Tianye Co's highest PB Ratio was 4.48. The lowest was 0.60. And the median was 1.46.

SHSE:600075's PB Ratio is ranked better than
82.19% of 1533 companies
in the Chemicals industry
Industry Median: 1.58 vs SHSE:600075: 0.75

During the past 12 months, Xinjiang Tianye Co's average Book Value Per Share Growth Rate was -14.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 10.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Xinjiang Tianye Co was 120.80% per year. The lowest was -5.20% per year. And the median was 6.20% per year.

Back to Basics: PB Ratio


Xinjiang Tianye Co PB Ratio Historical Data

The historical data trend for Xinjiang Tianye 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.

Xinjiang Tianye Co PB Ratio Chart

Xinjiang Tianye Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 1.09 1.46 0.78 0.80

Xinjiang Tianye Co 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 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 0.91 0.84 0.91 0.80 0.76

Competitive Comparison of Xinjiang Tianye Co's PB Ratio

For the Chemicals subindustry, Xinjiang Tianye 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.


Xinjiang Tianye Co's PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Xinjiang Tianye Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Xinjiang Tianye Co's PB Ratio falls into.



Xinjiang Tianye 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.

Xinjiang Tianye Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=3.97/5.318
=0.75

* 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.


Xinjiang Tianye Co  (SHSE:600075) 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.


Xinjiang Tianye Co PB Ratio Related Terms

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


Xinjiang Tianye Co (SHSE:600075) Business Description

Traded in Other Exchanges
N/A
Address
No. 36 Beisan East Road, Economic Development Zone, Shihezi, Xinjiang, CHN, 832000
Xinjiang Tianye Co Ltd manufactures and sells chemical products in China and internationally. It offers various chemical products, such as ethylene glycol, butanediol, PVC resins, PVC paste resins, and caustic soda. The company also offers water savings products, including pressure compensating driplines, drip tapes with side flippers, agriculture unplasticized polyvinyl chloride (U-PVC) pipes, and PE hoses modified with nanomaterials.

Xinjiang Tianye Co (SHSE:600075) Headlines

No Headlines