Zhejiang Tiantie Industry Co (SZSE:300587) 3-Year Book Growth Rate : 11.00% (As of Mar. 2024)

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What is Zhejiang Tiantie Industry Co 3-Year Book Growth Rate?

Zhejiang Tiantie Industry Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥2.19.

During the past 12 months, Zhejiang Tiantie Industry Co's average Book Value per Share Growth Rate was -20.80% per year. During the past 3 years, the average Book Value per Share Growth Rate was 11.00% per year. During the past 5 years, the average Book Value per Share Growth Rate was 20.90% per year. During the past 10 years, the average Book Value per Share Growth Rate was 19.40% 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 Zhejiang Tiantie Industry Co was 32.80% per year. The lowest was 9.00% per year. And the median was 20.90% per year.

Competitive Comparison of Zhejiang Tiantie Industry Co's 3-Year Book Growth Rate

For the Railroads subindustry, Zhejiang Tiantie Industry 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.

Zhejiang Tiantie Industry Co's 3-Year Book Growth Rate Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhejiang Tiantie Industry Co's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Zhejiang Tiantie Industry Co's 3-Year Book Growth Rate falls into.

Zhejiang Tiantie Industry 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.

Zhejiang Tiantie Industry Co (SZSE:300587) 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.

Zhejiang Tiantie Industry Co 3-Year Book Growth Rate Related Terms

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Zhejiang Tiantie Industry Co (SZSE:300587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhejiang Tiantie Industry Co Ltd (SZSE:300587) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

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Address

No.928, Renmin East Road, Tiantai County, Zhejiang Province, Taizhou, CHN, 317200

Website

http://www.tiantie.cn

Zhejiang Tiantie Industry Co Ltd provides engineering rubber products. The company manufactures and sells industrial rubber goods, rubberized fabrics, and other rubber products. It offers track structures, such as rails, sleepers, and ballast; vibration damping products; isolated rubber damping pads; embedded rubber crossing boards and plates; conveyor belts; elastic components; and sealing products and other rubber products.

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