Angang Steel Co (SZSE:000898) 3-Year Book Growth Rate : 0.90% (As of Mar. 2024)

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What is Angang Steel Co 3-Year Book Growth Rate?

Angang Steel Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥5.65.

During the past 12 months, Angang Steel Co's average Book Value per Share Growth Rate was -8.40% per year. During the past 3 years, the average Book Value per Share Growth Rate was 0.90% per year. During the past 5 years, the average Book Value per Share Growth Rate was 2.10% per year. During the past 10 years, the average Book Value per Share Growth Rate was 2.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Angang Steel Co was 31.30% per year. The lowest was -4.50% per year. And the median was 5.20% per year.

Competitive Comparison of Angang Steel Co's 3-Year Book Growth Rate

For the Steel subindustry, Angang Steel Co's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

Angang Steel Co's 3-Year Book Growth Rate Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Angang Steel Co's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Angang Steel Co's 3-Year Book Growth Rate falls into.

Angang Steel Co 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Angang Steel Co (SZSE:000898) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Angang Steel Co 3-Year Book Growth Rate Related Terms

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Angang Steel Co (SZSE:000898) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Angang Steel Co Ltd (SZSE:000898) » Definitions » 3-Year Book Growth Rate

Traded in Other Exchanges

ANGGF:USA 00347:Hong Kong GNV:Germany

Address

Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021

Website

http://www.ansteel.com.cn

Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.

Angang Steel Co (SZSE:000898) Headlines

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