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Tianjin 712 Communication & Broadcasting Co (SHSE:603712) PB Ratio : 3.61 (As of May. 25, 2024)


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What is Tianjin 712 Communication & Broadcasting Co PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-25), Tianjin 712 Communication & Broadcasting Co's share price is ¥21.92. Tianjin 712 Communication & Broadcasting Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥6.07. Hence, Tianjin 712 Communication & Broadcasting Co's PB Ratio of today is 3.61.

Good Sign:

Tianjin 712 Communication & Broadcasting Co Ltd stock PB Ratio (=3.82) is close to 10-year low of 3.44

The historical rank and industry rank for Tianjin 712 Communication & Broadcasting Co's PB Ratio or its related term are showing as below:

SHSE:603712' s PB Ratio Range Over the Past 10 Years
Min: 3.44   Med: 7.42   Max: 16.8
Current: 3.61

During the past 11 years, Tianjin 712 Communication & Broadcasting Co's highest PB Ratio was 16.80. The lowest was 3.44. And the median was 7.42.

SHSE:603712's PB Ratio is ranked worse than
79.59% of 2386 companies
in the Hardware industry
Industry Median: 1.87 vs SHSE:603712: 3.61

During the past 12 months, Tianjin 712 Communication & Broadcasting Co's average Book Value Per Share Growth Rate was 8.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 15.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 16.70% per year.

During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Tianjin 712 Communication & Broadcasting Co was 19.00% per year. The lowest was -41.80% per year. And the median was 15.80% per year.

Back to Basics: PB Ratio


Tianjin 712 Communication & Broadcasting Co PB Ratio Historical Data

The historical data trend for Tianjin 712 Communication & Broadcasting Co's PB Ratio 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.

Tianjin 712 Communication & Broadcasting Co PB Ratio Chart

Tianjin 712 Communication & Broadcasting Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.30 10.70 9.20 6.26 5.21

Tianjin 712 Communication & Broadcasting Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.51 5.26 4.30 5.21 3.95

Competitive Comparison of Tianjin 712 Communication & Broadcasting Co's PB Ratio

For the Communication Equipment subindustry, Tianjin 712 Communication & Broadcasting Co's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Tianjin 712 Communication & Broadcasting Co's PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tianjin 712 Communication & Broadcasting Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Tianjin 712 Communication & Broadcasting Co's PB Ratio falls into.



Tianjin 712 Communication & Broadcasting Co PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Tianjin 712 Communication & Broadcasting Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=21.92/6.07
=3.61

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Tianjin 712 Communication & Broadcasting Co  (SHSE:603712) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Tianjin 712 Communication & Broadcasting Co PB Ratio Related Terms

Thank you for viewing the detailed overview of Tianjin 712 Communication & Broadcasting Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Business Description

Traded in Other Exchanges
N/A
Address
No. 141 North Main Street, Tianjin Economic and Technological Development Zone, West District, Tianjin, CHN, 300462
Tianjin 712 Communication & Broadcasting Co Ltd is a Chinese based company operates in communication equipment business. It is primarily involved in the research, development, production, and precision electronic product processing of civil communication equipment, trunking mobile communication system, maritime communication products, digital walkie-talkie and train wireless dispatching communication system equipment. Geographically, the operations are carried out through China.
Executives
Zhang Bao Zhu senior management
Zhang Feng Xia Supervisors
Xiao Peng senior management
Pang Hui Directors, senior managers
Ma Yan senior management
Zhang Xin Supervisors
Wang Bao Director

Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Headlines

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