China New Energy (FRA:9H5) Price-to-Tangible-Book : 1.27 (As of Jun. 24, 2024)

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What is China New Energy Price-to-Tangible-Book?

As of today (2024-06-24), China New Energy's share price is €0.014. China New Energy's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €0.01. Hence, China New Energy's Price to Tangible Book Ratio of today is 1.27.

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

FRA:9H5' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.36 Med: 0.82 Max: 1.4
Current: 1.4

During the past 13 years, China New Energy's highest Price to Tangible Book Ratio was 1.40. The lowest was 0.36. And the median was 0.82.

FRA:9H5's Price-to-Tangible-Book is ranked worse than
50.65% of 922 companies
in the Oil & Gas industry
Industry Median: 1.275 vs FRA:9H5: 1.40

A closely related ratio is called PB Ratio. As of today, China New Energy's share price is €0.014. China New Energy's Book Value per Sharefor the quarter that ended in Dec. 2023 was €0.02. Hence, China New Energy's P/B Ratio of today is 0.93.

China New Energy Price-to-Tangible-Book Historical Data

The historical data trend for China New Energy'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 New Energy Price-to-Tangible-Book Chart

China New Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.86

0.25

1.14

China New Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.86	0.87	0.25	0.44	1.14

Competitive Comparison of China New Energy's Price-to-Tangible-Book

For the Oil & Gas Equipment & Services subindustry, China New Energy'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 New Energy's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China New Energy's Price-to-Tangible-Book distribution charts can be found below:

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

China New Energy Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.014	/	0.011
	=	1.27

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 New Energy Price-to-Tangible-Book Related Terms

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

China New Energy (FRA:9H5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China New Energy Ltd (FRA:9H5) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

01156:Hong Kong

Address

No. 80, Lanyue Road, Unit 210, 2nd Floor, Science City, Comprehensive Service Building Science & Technology Innovation Base, Guangzhou High-tech Industrial Development Zone,, Guangzhou, CHN, 510640

Website

https://www.zkty.com.cn

China New Energy Ltd is a provider of bioenergy technology solutions. The Group is engaged in the provision of ethanol production system technology integrated services in the ethanol fuel and alcoholic beverage industries The company offers technology services to two industries: Ethanol fuel construction services and Alcoholic beverage construction services. It generates maximum revenue from the Ethanol fuel construction services streams. Geographically, it derives a majority of revenue from the PRC and also has a presence in Canada, Russia, Thailand, and Myanmar.

China New Energy (FRA:9H5) Headlines

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