Chinaftower International Holding Group (HKSE:08623) Price-to-Tangible-Book : 0.52 (As of Jun. 19, 2024)

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What is Chinaftower International Holding Group Price-to-Tangible-Book?

As of today (2024-06-19), Chinaftower International Holding Group's share price is HK$0.026. Chinaftower International Holding Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.05. Hence, Chinaftower International Holding Group's Price to Tangible Book Ratio of today is 0.52.

The historical rank and industry rank for Chinaftower International Holding Group's Price-to-Tangible-Book or its related term are showing as below:

HKSE:08623' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.35 Med: 0.43 Max: 0.74
Current: 0.52

During the past 7 years, Chinaftower International Holding Group's highest Price to Tangible Book Ratio was 0.74. The lowest was 0.35. And the median was 0.43.

HKSE:08623's Price-to-Tangible-Book is ranked better than
93.94% of 2823 companies
in the Industrial Products industry
Industry Median: 2.07 vs HKSE:08623: 0.52

A closely related ratio is called PB Ratio. As of today, Chinaftower International Holding Group's share price is HK$0.026. Chinaftower International Holding Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$0.06. Hence, Chinaftower International Holding Group's P/B Ratio of today is 0.45.

Chinaftower International Holding Group Price-to-Tangible-Book Historical Data

The historical data trend for Chinaftower International Holding 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.

Chinaftower International Holding Group Price-to-Tangible-Book Chart

Chinaftower International Holding Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.35

0.46

0.39

0.74

Chinaftower International Holding Group Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.39	-	0.51	-	0.74

Competitive Comparison of Chinaftower International Holding Group's Price-to-Tangible-Book

For the Electrical Equipment & Parts subindustry, Chinaftower International Holding 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.

Chinaftower International Holding Group's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chinaftower International Holding Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Chinaftower International Holding Group's Price-to-Tangible-Book falls into.

Chinaftower International Holding Group Price-to-Tangible-Book Calculation

Chinaftower International Holding 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 )
	=	0.026	/	0.05
	=	0.52

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.

Chinaftower International Holding Group Price-to-Tangible-Book Related Terms

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

Chinaftower International Holding Group (HKSE:08623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Saftower International Holding Group Ltd (HKSE:08623) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

No. 9, Huaide Road, Sichuan-Zhejiang Cooperation Industrial Park, Guangyuan Economic and Technological Development Z, Sichuan Province, Guangyuan, CHN

Website

http://www.saftower.com

China Saftower International Holding Group Ltd is a manufacturer and supplier of wires and cables and the sale of aluminum products in the People's Republic of China. The company's products include power cables, insulated overhead cables, aerial stranded wire, control cables, and aluminum alloy power cables. The Group's revenue was all derived from customers based in the PRC.

Executives

Dang Fei	2201 Interest of corporation controlled by you
Dang Jun	2103 Interests held jointly with another person
Li Li	2202 Interest of your spouse
Red Fly Investment Limited	2101 Beneficial owner
Fu Chuanrong	2101 Beneficial owner
Gao Hong	2202 Interest of your spouse
Wang Xiaozhong	2201 Interest of corporation controlled by you
Xseven Investment Limited	2101 Beneficial owner

Chinaftower International Holding Group (HKSE:08623) Headlines

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