Hongcheng Environmental Technology Co (HKSE:02265) Price-to-Tangible-Book : 1.67 (As of Jun. 06, 2024)

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What is Hongcheng Environmental Technology Co Price-to-Tangible-Book?

As of today (2024-06-06), Hongcheng Environmental Technology Co's share price is HK$0.72. Hongcheng Environmental Technology Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.43. Hence, Hongcheng Environmental Technology Co's Price to Tangible Book Ratio of today is 1.67.

The historical rank and industry rank for Hongcheng Environmental Technology Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:02265' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.39 Med: 2.02 Max: 2.09
Current: 1.67

During the past 6 years, Hongcheng Environmental Technology Co's highest Price to Tangible Book Ratio was 2.09. The lowest was 1.39. And the median was 2.02.

HKSE:02265's Price-to-Tangible-Book is ranked better than
56.91% of 188 companies
in the Waste Management industry
Industry Median: 2.04 vs HKSE:02265: 1.67

A closely related ratio is called PB Ratio. As of today, Hongcheng Environmental Technology Co's share price is HK$0.72. Hongcheng Environmental Technology Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$0.52. Hence, Hongcheng Environmental Technology Co's P/B Ratio of today is 1.40.

Hongcheng Environmental Technology Co Price-to-Tangible-Book Historical Data

The historical data trend for Hongcheng Environmental Technology 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.

Hongcheng Environmental Technology Co Price-to-Tangible-Book Chart

Hongcheng Environmental Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.09

1.39

2.02

Hongcheng Environmental Technology Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial				2.09	1.90	1.39	1.68	2.02

Competitive Comparison of Hongcheng Environmental Technology Co's Price-to-Tangible-Book

For the Waste Management subindustry, Hongcheng Environmental Technology 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.

Hongcheng Environmental Technology Co's Price-to-Tangible-Book Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Hongcheng Environmental Technology Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Hongcheng Environmental Technology Co's Price-to-Tangible-Book falls into.

Hongcheng Environmental Technology Co Price-to-Tangible-Book Calculation

Hongcheng Environmental Technology 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 )
	=	0.72	/	0.431
	=	1.67

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.

Hongcheng Environmental Technology Co Price-to-Tangible-Book Related Terms

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

Hongcheng Environmental Technology Co (HKSE:02265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Hongcheng Environmental Technology Co Ltd (HKSE:02265) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeyan Road North, Dadongzhuang Village North, Shahe Town, Shandong Province, Yantai, Laizhou, CHN

Website

http://www.sdhcgroup.cn

Hongcheng Environmental Technology Co Ltd is an investment holding company. The company and its subsidiaries are engaged in the provision of gold mine hazardous waste treatment services and recycling and extracting therefrom resources with economic value for sale, such as pyrite concentrate.

Executives

Zeming International Investment Co., Ltd.	2101 Beneficial owner
Liu Ze Ming	2201 Interest of corporation controlled by you
Li Li Yan	2202 Interest of your spouse

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