Million Cities Holdings (HKSE:02892) Price-to-Tangible-Book : 0.55 (As of May. 27, 2024)

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What is Million Cities Holdings Price-to-Tangible-Book?

As of today (2024-05-27), Million Cities Holdings's share price is HK$0.55. Million Cities Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$1.00. Hence, Million Cities Holdings's Price to Tangible Book Ratio of today is 0.55.

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

HKSE:02892' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.37 Med: 0.67 Max: 1.05
Current: 0.55

During the past 9 years, Million Cities Holdings's highest Price to Tangible Book Ratio was 1.05. The lowest was 0.37. And the median was 0.67.

HKSE:02892's Price-to-Tangible-Book is ranked better than
68% of 1722 companies
in the Real Estate industry
Industry Median: 0.83 vs HKSE:02892: 0.55

A closely related ratio is called PB Ratio. As of today, Million Cities Holdings's share price is HK$0.55. Million Cities Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$1.00. Hence, Million Cities Holdings's P/B Ratio of today is 0.55.

Million Cities Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Million Cities Holdings'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.

Million Cities Holdings Price-to-Tangible-Book Chart

Million Cities Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.87

0.75

0.58

0.37

0.40

Million Cities Holdings Semi-Annual Data
	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											0.58	0.47	0.37	0.29	0.40

Competitive Comparison of Million Cities Holdings's Price-to-Tangible-Book

For the Real Estate - Development subindustry, Million Cities Holdings'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.

Million Cities Holdings's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Million Cities Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Million Cities Holdings's Price-to-Tangible-Book falls into.

Million Cities Holdings Price-to-Tangible-Book Calculation

Million Cities Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.55	/	1
	=	0.55

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.

Million Cities Holdings Price-to-Tangible-Book Related Terms

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

Million Cities Holdings (HKSE:02892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Million Cities Holdings Ltd (HKSE:02892) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Ting Kok Road, Unit D, 21st Floor, Block 1, Tai Ping Industrial Centre, Tai Po New Territories, Hong Kong, HKG

Website

http://www.millioncities.com.cn

Million Cities Holdings Ltd is an investment holding company engaged in property development. The company generates revenues from the sale of properties and gross rentals from properties. It derives all of its revenues from China.

Executives

East Asia International Trustees Limited	2301 Trustee
Fortune Speed Investments Ltd.	2101 Beneficial owner
Happy Family Assets Limited	2201 Interest of corporation controlled by you
Winnermax Management Limited	2201 Interest of corporation controlled by you
Wang Kam Chu	2202 Interest of your spouse
Wong Ting Chung	2305 Beneficiary of a trust
Tsoi Suet Ngai	2202 Interest of your spouse
Wong Ting Chun	2305 Beneficiary of a trust
Chan Ka Wai	2202 Interest of your spouse
Wong Ting Kau	2305 Beneficiary of a trust
Lau Ka Keung	2202 Interest of your spouse
Wong Wai Ling	2305 Beneficiary of a trust

Million Cities Holdings (HKSE:02892) Headlines

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