Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) Price-to-Tangible-Book : 0.21 (As of May. 12, 2024)

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What is Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Price-to-Tangible-Book?

As of today (2024-05-12), Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's share price is HK$2.31. Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$11.00. Hence, Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Price to Tangible Book Ratio of today is 0.21.

The historical rank and industry rank for Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:01379' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.19 Med: 0.39 Max: 0.59
Current: 0.21

During the past 9 years, Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's highest Price to Tangible Book Ratio was 0.59. The lowest was 0.19. And the median was 0.39.

HKSE:01379's Price-to-Tangible-Book is ranked better than
89.48% of 1721 companies
in the Real Estate industry
Industry Median: 0.83 vs HKSE:01379: 0.21

A closely related ratio is called PB Ratio. As of today, Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's share price is HK$2.31. Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$11.01. Hence, Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's P/B Ratio of today is 0.21.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Price-to-Tangible-Book Historical Data

The historical data trend for Wenling Zhejiang Measuring And Cutting Tools Trading Centre 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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Price-to-Tangible-Book Chart

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.59

0.43

0.35

0.19

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial								0.43	0.35	0.35	0.29	0.19

Competitive Comparison of Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Price-to-Tangible-Book

For the Real Estate Services subindustry, Wenling Zhejiang Measuring And Cutting Tools Trading Centre 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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co's Price-to-Tangible-Book falls into.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Price-to-Tangible-Book Calculation

Wenling Zhejiang Measuring And Cutting Tools Trading Centre 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 )
	=	2.31	/	11.001
	=	0.21

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.

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Price-to-Tangible-Book Related Terms

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Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co (HKSE:01379) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Ltd (HKSE:01379) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qianyangxia Village, Wenqiao Town, Zhejiang Province, Wenling, CHN

Website

https://www.cnglj.com

Wenling Zhejiang Measuring And Cutting Tools Trading Centre Co Ltd is engaged in an established measuring and cutting tools trading centre operator in China. The principal activity and source of revenue of the group were primarily derived from the property leasing business through the operation of the Trading Centre for the measuring and cutting tools industry. The group also engages in real estate investment, development and management business through its material subsidiary, Wenling Sunrise Real Estate Development Co., Ltd.

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