China Datang Renewable Power Co (FRA:DT7) Price-to-Tangible-Book : 0.43 (As of Jun. 19, 2024)

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What is China Datang Renewable Power Co Price-to-Tangible-Book?

As of today (2024-06-19), China Datang Renewable Power Co's share price is €0.234. China Datang Renewable Power Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €0.54. Hence, China Datang Renewable Power Co's Price to Tangible Book Ratio of today is 0.43.

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

FRA:DT7' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.33 Med: 0.53 Max: 0.82
Current: 0.44

During the past 13 years, China Datang Renewable Power Co's highest Price to Tangible Book Ratio was 0.82. The lowest was 0.33. And the median was 0.53.

FRA:DT7's Price-to-Tangible-Book is ranked better than
89.5% of 400 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.42 vs FRA:DT7: 0.44

A closely related ratio is called PB Ratio. As of today, China Datang Renewable Power Co's share price is €0.234. China Datang Renewable Power Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was €0.57. Hence, China Datang Renewable Power Co's P/B Ratio of today is 0.41.

China Datang Renewable Power Co Price-to-Tangible-Book Historical Data

The historical data trend for China Datang Renewable Power 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.

China Datang Renewable Power Co Price-to-Tangible-Book Chart

China Datang Renewable Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.51

0.30

0.78

0.49

0.37

China Datang Renewable Power Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.49	0.52	0.40	0.37	-

Competitive Comparison of China Datang Renewable Power Co's Price-to-Tangible-Book

For the Utilities - Renewable subindustry, China Datang Renewable Power 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.

China Datang Renewable Power Co's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Datang Renewable Power Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Datang Renewable Power Co's Price-to-Tangible-Book falls into.

China Datang Renewable Power Co Price-to-Tangible-Book Calculation

China Datang Renewable Power Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.234	/	0.538
	=	0.43

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 Datang Renewable Power Co Price-to-Tangible-Book Related Terms

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China Datang Renewable Power Co (FRA:DT7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Datang Corp Renewable Power Co Ltd (FRA:DT7) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

01798:Hong Kong DT7:Germany

Address

No. 1 Caishikou Street, 8/F, Building 1, Xicheng District, Beijing, CHN, 100053

Website

http://www.cdt-re.com

Datang Renewable is one of China's leading wind power operators, with installed wind capacity of 12.7 gigawatts as of the end of 2022, representing 3.5% of the nationwide wind capacity. About 89.4% of the total installed capacity is wind power. The company also operates solar and gas-fired power plants on a smaller scale. China Datang Group is the major shareholder with a controlling stake of 65.61%.

China Datang Renewable Power Co (FRA:DT7) Headlines

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