Freetech Road Recycling Technology (Holdings) (HKSE:06888) Price-to-Tangible-Book : 0.27 (As of Jun. 09, 2024)

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What is Freetech Road Recycling Technology (Holdings) Price-to-Tangible-Book?

As of today (2024-06-09), Freetech Road Recycling Technology (Holdings)'s share price is HK$0.174. Freetech Road Recycling Technology (Holdings)'s Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.66. Hence, Freetech Road Recycling Technology (Holdings)'s Price to Tangible Book Ratio of today is 0.27.

The historical rank and industry rank for Freetech Road Recycling Technology (Holdings)'s Price-to-Tangible-Book or its related term are showing as below:

HKSE:06888' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.2 Med: 0.48 Max: 1.18
Current: 0.26

During the past 12 years, Freetech Road Recycling Technology (Holdings)'s highest Price to Tangible Book Ratio was 1.18. The lowest was 0.20. And the median was 0.48.

HKSE:06888's Price-to-Tangible-Book is ranked better than
96.48% of 1504 companies
in the Construction industry
Industry Median: 1.32 vs HKSE:06888: 0.26

A closely related ratio is called PB Ratio. As of today, Freetech Road Recycling Technology (Holdings)'s share price is HK$0.174. Freetech Road Recycling Technology (Holdings)'s Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$0.66. Hence, Freetech Road Recycling Technology (Holdings)'s P/B Ratio of today is 0.26.

Freetech Road Recycling Technology (Holdings) Price-to-Tangible-Book Historical Data

The historical data trend for Freetech Road Recycling Technology (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.

Freetech Road Recycling Technology (Holdings) Price-to-Tangible-Book Chart

Freetech Road Recycling Technology (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.25

0.20

0.38

0.25

0.28

Freetech Road Recycling Technology (Holdings) Semi-Annual Data
	Jun14	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															0.38	0.33	0.25	0.40	0.28

Competitive Comparison of Freetech Road Recycling Technology (Holdings)'s Price-to-Tangible-Book

For the Infrastructure Operations subindustry, Freetech Road Recycling Technology (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.

Freetech Road Recycling Technology (Holdings)'s Price-to-Tangible-Book Distribution in the Construction Industry

For the Construction industry and Industrials sector, Freetech Road Recycling Technology (Holdings)'s Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Freetech Road Recycling Technology (Holdings)'s Price-to-Tangible-Book falls into.

Freetech Road Recycling Technology (Holdings) Price-to-Tangible-Book Calculation

Freetech Road Recycling Technology (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 )
	=	0.174	/	0.656
	=	0.27

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.

Freetech Road Recycling Technology (Holdings) Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Freetech Road Recycling Technology (Holdings)'s Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Freetech Road Recycling Technology (Holdings) Ltd (HKSE:06888) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.freetech-holdings.hk

Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Sze Wai Pan	2101 Beneficial owner
Freetech Technology Limited	2201 Interest of corporation controlled by you

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Headlines

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