Agricultural Bank of China (SHSE:601288) 3-Year Book Growth Rate : 9.80% (As of Mar. 2024)

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What is Agricultural Bank of China 3-Year Book Growth Rate?

Agricultural Bank of China's Book Value per Share for the quarter that ended in Mar. 2024 was ¥8.32.

During the past 12 months, Agricultural Bank of China's average Book Value per Share Growth Rate was 10.00% per year. During the past 3 years, the average Book Value per Share Growth Rate was 9.80% per year. During the past 5 years, the average Book Value per Share Growth Rate was 11.80% per year. During the past 10 years, the average Book Value per Share Growth Rate was 11.50% 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 Agricultural Bank of China was 20.50% per year. The lowest was 6.80% per year. And the median was 13.65% per year.

Competitive Comparison of Agricultural Bank of China's 3-Year Book Growth Rate

For the Banks - Diversified subindustry, Agricultural Bank of China'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.

Agricultural Bank of China's 3-Year Book Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Agricultural Bank of China's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Agricultural Bank of China's 3-Year Book Growth Rate falls into.

Agricultural Bank of China 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.

Agricultural Bank of China (SHSE:601288) 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.

Agricultural Bank of China 3-Year Book Growth Rate Related Terms

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Agricultural Bank of China (SHSE:601288) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Agricultural Bank of China Ltd (SHSE:601288) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

ACGBY:USA ACGBF:USA 01288:Hong Kong EK7:Germany

Address

50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG

Website

https://www.abchina.com

As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.

Agricultural Bank of China (SHSE:601288) Headlines

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