China Tower (FRA:2Y11) Price-to-Tangible-Book : 0.87 (As of May. 21, 2025)

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What is China Tower Price-to-Tangible-Book?

As of today (2025-05-21), China Tower's share price is €1.289. China Tower's Tangible Book per Share of Dec. 2024 for the quarter that ended in Dec. 2024 was €1.48. Hence, China Tower's Price to Tangible Book Ratio of today is 0.87.

The historical rank and industry rank for China Tower's Price-to-Tangible-Book or its related term are showing as below:

FRA:2Y11' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.66 Med: 0.92 Max: 14.98
Current: 0.98

During the past 10 years, China Tower's highest Price to Tangible Book Ratio was 14.98. The lowest was 0.66. And the median was 0.92.

FRA:2Y11's Price-to-Tangible-Book is ranked better than
78.95% of 266 companies
in the Telecommunication Services industry
Industry Median: 2.69 vs FRA:2Y11: 0.98

A closely related ratio is called PB Ratio. As of today, China Tower's share price is €1.289. China Tower's Book Value per Sharefor the quarter that ended in Dec. 2024 was €1.49. Hence, China Tower's P/B Ratio of today is 0.87.

China Tower Price-to-Tangible-Book Historical Data

The historical data trend for China Tower'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.

China Tower Price-to-Tangible-Book Chart

China Tower Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Price-to-Tangible-Book

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0.83

0.61

0.65

0.63

0.91

China Tower Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Price-to-Tangible-Book	Get a 7-Day Free Trial													0.65	0.71	0.63	0.84	0.91

Competitive Comparison of China Tower's Price-to-Tangible-Book

For the Telecom Services subindustry, China Tower'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.

China Tower's Price-to-Tangible-Book Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Tower's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Tower's Price-to-Tangible-Book falls into.

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China Tower Price-to-Tangible-Book Calculation

China Tower's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2024 )
	=	1.289	/	1.483
	=	0.87

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.

China Tower Price-to-Tangible-Book Related Terms

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

China Tower Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Tower Corp Ltd (FRA:2Y11) » Definitions » Price-to-Tangible-Book

Comparable Companies

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CHWRF:USA 00788:Hong Kong

Address

Yard No. 9, Dongran North Street, Room 101, LG1 to 3rd Floor, Building 14, China Tower Industrial Park, Haidian District, Beijing, CHN

Website

https://www.china-tower.com

China Tower Corp Ltd is a telecommunications tower infrastructure service provider. The Company is principally engaged in the construction, maintenance, and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). The business of the company includes Tower business; DAS business; Smart Tower business and Energy business. The Group's revenue is generated from the Three TSPs.

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