Zhejiang Hangmin Co (SHSE:600987) Price-to-Tangible-Book : 1.32 (As of May. 20, 2024)

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What is Zhejiang Hangmin Co Price-to-Tangible-Book?

As of today (2024-05-20), Zhejiang Hangmin Co's share price is ¥7.54. Zhejiang Hangmin Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥5.71. Hence, Zhejiang Hangmin Co's Price to Tangible Book Ratio of today is 1.32.

The historical rank and industry rank for Zhejiang Hangmin Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:600987' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.05 Med: 1.6 Max: 3.56
Current: 1.32

During the past 13 years, Zhejiang Hangmin Co's highest Price to Tangible Book Ratio was 3.56. The lowest was 1.05. And the median was 1.60.

SHSE:600987's Price-to-Tangible-Book is ranked better than
50.71% of 990 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.34 vs SHSE:600987: 1.32

A closely related ratio is called PB Ratio. As of today, Zhejiang Hangmin Co's share price is ¥7.54. Zhejiang Hangmin Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥6.00. Hence, Zhejiang Hangmin Co's P/B Ratio of today is 1.26.

Zhejiang Hangmin Co Price-to-Tangible-Book Historical Data

The historical data trend for Zhejiang Hangmin 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.

Zhejiang Hangmin Co Price-to-Tangible-Book Chart

Zhejiang Hangmin Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.46

1.22

1.09

1.34

1.51

Zhejiang Hangmin Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.51	1.53	1.36	1.51	1.25

Competitive Comparison of Zhejiang Hangmin Co's Price-to-Tangible-Book

For the Textile Manufacturing subindustry, Zhejiang Hangmin 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.

Zhejiang Hangmin Co's Price-to-Tangible-Book Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Hangmin Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Zhejiang Hangmin Co's Price-to-Tangible-Book falls into.

Zhejiang Hangmin Co Price-to-Tangible-Book Calculation

Zhejiang Hangmin Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	7.54	/	5.709
	=	1.32

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.

Zhejiang Hangmin Co Price-to-Tangible-Book Related Terms

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Zhejiang Hangmin Co (SHSE:600987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Hangmin Co Ltd (SHSE:600987) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

Hangmin Village, Guali Town, Xiaoshan District, Zhejiang province, hangzhou, CHN, 311241

Website

http://www.hmgf.com

Zhejiang Hangmin Co Ltd in China is engaged in the areas of printing, dyeing, weaving, marine logistics and the production of thermoelectricity business. It mainly produces and exports multi-fiber blended fabrics, high real textile fabrics and printed fabrics. The company's product sold throughout the country and exported to Southeast Asia, the Middle East, North America, the European Union, Hong Kong, Macao and Taiwan and other countries and regions.

Zhejiang Hangmin Co (SHSE:600987) Headlines

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