China Xinhua Education Group (HKSE:02779) Price-to-Tangible-Book : 0.37 (As of May. 17, 2024)

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What is China Xinhua Education Group Price-to-Tangible-Book?

As of today (2024-05-17), China Xinhua Education Group's share price is HK$0.80. China Xinhua Education Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$2.17. Hence, China Xinhua Education Group's Price to Tangible Book Ratio of today is 0.37.

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

HKSE:02779' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.25 Med: 1.01 Max: 1.67
Current: 0.37

During the past 10 years, China Xinhua Education Group's highest Price to Tangible Book Ratio was 1.67. The lowest was 0.25. And the median was 1.01.

HKSE:02779's Price-to-Tangible-Book is ranked better than
92.13% of 216 companies
in the Education industry
Industry Median: 2.03 vs HKSE:02779: 0.37

A closely related ratio is called PB Ratio. As of today, China Xinhua Education Group's share price is HK$0.80. China Xinhua Education Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$2.36. Hence, China Xinhua Education Group's P/B Ratio of today is 0.34.

China Xinhua Education Group Price-to-Tangible-Book Historical Data

The historical data trend for China Xinhua Education Group'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 Xinhua Education Group Price-to-Tangible-Book Chart

China Xinhua Education Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.67

1.38

0.76

0.54

0.25

China Xinhua Education Group Semi-Annual Data
	Dec14	Dec15	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												0.76	0.62	0.54	0.36	0.25

Competitive Comparison of China Xinhua Education Group's Price-to-Tangible-Book

For the Education & Training Services subindustry, China Xinhua Education Group'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 Xinhua Education Group's Price-to-Tangible-Book Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, China Xinhua Education Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Xinhua Education Group's Price-to-Tangible-Book falls into.

China Xinhua Education Group Price-to-Tangible-Book Calculation

China Xinhua Education Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.80	/	2.168
	=	0.37

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 Xinhua Education Group Price-to-Tangible-Book Related Terms

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

China Xinhua Education Group (HKSE:02779) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Xinhua Education Group Ltd (HKSE:02779) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 555 West Wangjiangxi Road, High-Tech Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.chinaxhedu.com

China Xinhua Education Group Ltd is principally engaged in the provision of education services in China. It mainly provides private formal higher education and formal secondary vocational education in the Yangtze River Delta. It currently operates four private schools, namely Anhui Xinhua University, School of Clinical Medicine jointly operated by the Group and Anhui Medical University, Hongshan College, a college jointly operated by the Group and Nanjing University of Finance & Economics Hongshan College, and Anhui Xinhua School. The company generates revenues from tuition fees, and boarding fees out of which tuition fees contribute the majority part.

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