China CITIC Financial Asset Management Co (HKSE:02799) Price-to-Tangible-Book : 0.57 (As of May. 24, 2024)

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What is China CITIC Financial Asset Management Co Price-to-Tangible-Book?

As of today (2024-05-24), China CITIC Financial Asset Management Co's share price is HK$0.375. China CITIC Financial Asset Management Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.65. Hence, China CITIC Financial Asset Management Co's Price to Tangible Book Ratio of today is 0.57.

The historical rank and industry rank for China CITIC Financial Asset Management Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:02799' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.36 Med: 0.85 Max: 1.63
Current: 0.58

During the past 10 years, China CITIC Financial Asset Management Co's highest Price to Tangible Book Ratio was 1.63. The lowest was 0.36. And the median was 0.85.

HKSE:02799's Price-to-Tangible-Book is ranked better than
88.49% of 1624 companies
in the Asset Management industry
Industry Median: 0.96 vs HKSE:02799: 0.58

A closely related ratio is called PB Ratio. As of today, China CITIC Financial Asset Management Co's share price is HK$0.375. China CITIC Financial Asset Management Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$0.65. Hence, China CITIC Financial Asset Management Co's P/B Ratio of today is 0.57.

China CITIC Financial Asset Management Co Price-to-Tangible-Book Historical Data

The historical data trend for China CITIC Financial Asset Management 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 CITIC Financial Asset Management Co Price-to-Tangible-Book Chart

China CITIC Financial Asset Management Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.36

1.63

1.09

0.60

0.61

China CITIC Financial Asset Management Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	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														1.09	0.48	0.60	0.67	0.61

Competitive Comparison of China CITIC Financial Asset Management Co's Price-to-Tangible-Book

For the Asset Management subindustry, China CITIC Financial Asset Management 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 CITIC Financial Asset Management Co's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China CITIC Financial Asset Management Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China CITIC Financial Asset Management Co's Price-to-Tangible-Book falls into.

China CITIC Financial Asset Management Co Price-to-Tangible-Book Calculation

China CITIC Financial Asset Management 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 )
	=	0.375	/	0.653
	=	0.57

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 CITIC Financial Asset Management Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of China CITIC Financial Asset Management Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

China CITIC Financial Asset Management Co (HKSE:02799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China CITIC Financial Asset Management Co Ltd (HKSE:02799) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CHE:Germany

Address

No. 8, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chamc.com.cn

China Huarong Asset Management Co Ltd operates as an asset manager and provides financial services. It has three segments. Its distressed asset management segment includes policy-related DES asset management business based on the commercial buy-out of the company, special situations investments business, distressed asset-based property development business as well as market-oriented DES business of the group. The financial services segment mainly includes securities and futures business, financial leasing business, and banking services business. Asset management and investment segment mainly includes trust business, international business and other business. It derives the majority of its revenues through its distressed asset management services.

Executives

China Life Franklin Asset Management Co., Limited	2102 Investment manager
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Gong Yin Jin Rong Zi Chan Tou Zi You Xian Gong Si	2101 Beneficial owner
Zhong Guo Gong Shang Yin Hang Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui	2101 Beneficial owner
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Warburg Pincus Xi, L.p.	2201 Interest of corporation controlled by you
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China CITIC Financial Asset Management Co (HKSE:02799) Headlines

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