China Tower (HKSE:00788) Price-to-Tangible-Book : 0.78 (As of May. 27, 2024)

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

As of today (2024-05-27), China Tower's share price is HK$0.95. China Tower's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$1.22. Hence, China Tower's Price to Tangible Book Ratio of today is 0.78.

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

HKSE:00788' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.66 Med: 0.81 Max: 1.5
Current: 0.78

During the past 9 years, China Tower's highest Price to Tangible Book Ratio was 1.50. The lowest was 0.66. And the median was 0.81.

HKSE:00788's Price-to-Tangible-Book is ranked better than
84.59% of 279 companies
in the Telecommunication Services industry
Industry Median: 2.41 vs HKSE:00788: 0.78

A closely related ratio is called PB Ratio. As of today, China Tower's share price is HK$0.95. China Tower's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$1.23. Hence, China Tower's P/B Ratio of today is 0.77.

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

Price-to-Tangible-Book

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1.50

0.92

0.66

0.69

0.67

China Tower Quarterly Data
	Dec16	Mar17	Jun17	Dec17	Mar18	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															0.69	0.73	0.63	0.67	-

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.

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. 2023 )
	=	0.95	/	1.222
	=	0.78

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 (HKSE:00788) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Tower Corp Ltd (HKSE:00788) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CTOWY:USA CHWRF:USA 2Y1:Germany

Address

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

Website

https://www.china-tower.com

China Tower Corp Ltd is a telecommunications tower infrastructure service provider. The business of the company includes tower business; DAS business; Smart Tower business and Energy business. It generates maximum revenue from the tower business. The Tower business includes macro cell and small cell business. Its DAS business provides a DAS system to the Three TSPs for connecting their telecommunication equipment, helping them receive and send indoor mobile telecommunication network signals to enable mobile telecommunication network signals covering buildings, large venues and tunnels.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Gic Private Limited	2102 Investment manager

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