Midea Group Co (SZSE:000333) PB Ratio : 2.94 (As of Apr. 25, 2024)

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What is Midea Group 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 (2024-04-25), Midea Group Co's share price is ¥68.27. Midea Group Co's Book Value per Share for the quarter that ended in Dec. 2023 was ¥23.18. Hence, Midea Group Co's PB Ratio of today is 2.94.

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

SZSE:000333' s PB Ratio Range Over the Past 10 Years
Min: 2 Med: 3.27 Max: 6.41
Current: 2.95

During the past 13 years, Midea Group Co's highest PB Ratio was 6.41. The lowest was 2.00. And the median was 3.27.

SZSE:000333's PB Ratio is ranked worse than
78.07% of 415 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.6 vs SZSE:000333: 2.95

During the past 12 months, Midea Group Co's average Book Value Per Share Growth Rate was 13.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 11.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 12.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 15.80% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Midea Group Co was 26.30% per year. The lowest was 11.50% per year. And the median was 15.50% per year.

Back to Basics: PB Ratio

Midea Group Co PB Ratio Historical Data

The historical data trend for Midea Group 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.

Midea Group Co PB Ratio Chart

Midea Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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3.99

5.89

4.13

2.54

2.36

Midea Group Co 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															2.54	2.48	2.83	2.50	2.36

Competitive Comparison of Midea Group Co's PB Ratio

For the Furnishings, Fixtures & Appliances subindustry, Midea Group 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.

Midea Group Co's PB Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Midea Group Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Midea Group Co's PB Ratio falls into.

Midea Group 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.

Midea Group Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	68.27	/	23.183
	=	2.94

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.

Midea Group Co (SZSE:000333) 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.

Midea Group Co PB Ratio Related Terms

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Midea Group Co (SZSE:000333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Midea Group Co Ltd (SZSE:000333) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Midea Avenue, Beijiao Town, Midea Headquarters Building, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

http://www.midea.com

Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, producing air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most of the home appliance products. The firm is also involved in industrial automation systems through its 100% stake in Kuka, a leading global player in the industry based in Germany. Heating, ventilation, and air-conditioning, or HVAC, products accounted for 44% of Midea's total revenue in 2022, followed by other consumer appliances (36%) and robotics and automation systems (9%). In addition, more than 40% of the group's sales is ex-China.

Midea Group Co (SZSE:000333) Headlines

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