Cosco Shipping Development Co (Cosco Shipping Development Co) Price-to-Tangible-Book : 0.44 (As of Apr. 30, 2024)

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What is Cosco Shipping Development Co Price-to-Tangible-Book?

As of today (2024-04-30), Cosco Shipping Development Co's share price is $0.13. Cosco Shipping Development Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $0.30. Hence, Cosco Shipping Development Co's Price to Tangible Book Ratio of today is 0.44.

The historical rank and industry rank for Cosco Shipping Development Co's Price-to-Tangible-Book or its related term are showing as below:

CITAF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.11 Med: 1.44 Max: 3.67
Current: 1.3

During the past 13 years, Cosco Shipping Development Co's highest Price to Tangible Book Ratio was 3.67. The lowest was 1.11. And the median was 1.44.

CITAF's Price-to-Tangible-Book is ranked better than
85% of 260 companies
in the Aerospace & Defense industry
Industry Median: 3.15 vs CITAF: 1.30

A closely related ratio is called PB Ratio. As of today, Cosco Shipping Development Co's share price is $0.13. Cosco Shipping Development Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was $0.31. Hence, Cosco Shipping Development Co's P/B Ratio of today is 0.43.

Cosco Shipping Development Co Price-to-Tangible-Book Historical Data

The historical data trend for Cosco Shipping Development Co's Price-to-Tangible-Book 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.

Cosco Shipping Development Co Price-to-Tangible-Book Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.34

0.42

0.51

0.43

0.33

Cosco Shipping Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.44	0.44	0.38	0.33	0.30

Competitive Comparison of Cosco Shipping Development Co's Price-to-Tangible-Book

For the Aerospace & Defense subindustry, Cosco Shipping Development Co's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Cosco Shipping Development Co's Price-to-Tangible-Book Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Cosco Shipping Development Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Cosco Shipping Development Co's Price-to-Tangible-Book falls into.

Cosco Shipping Development Co Price-to-Tangible-Book Calculation

Cosco Shipping Development Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.13	/	0.298
	=	0.44

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

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.

Cosco Shipping Development Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Cosco Shipping Development Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Cosco Shipping Development Co (Cosco Shipping Development Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CITAY:USA 02866:Hong Kong EZ5:Germany 601866:China

Address

Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127

Website

https://www.cscl.com.cn

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

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