Xinyi Solar Holdings (HKSE:00968) Price-to-Tangible-Book : 1.63 (As of Apr. 27, 2024)

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What is Xinyi Solar Holdings Price-to-Tangible-Book?

As of today (2024-04-27), Xinyi Solar Holdings's share price is HK$5.30. Xinyi Solar Holdings's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was HK$3.26. Hence, Xinyi Solar Holdings's Price to Tangible Book Ratio of today is 1.63.

The historical rank and industry rank for Xinyi Solar Holdings's Price-to-Tangible-Book or its related term are showing as below:

HKSE:00968' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.43 Med: 3.39 Max: 6.76
Current: 1.48

During the past 12 years, Xinyi Solar Holdings's highest Price to Tangible Book Ratio was 6.76. The lowest was 1.43. And the median was 3.39.

HKSE:00968's Price-to-Tangible-Book is ranked better than
75.53% of 948 companies
in the Semiconductors industry
Industry Median: 2.57 vs HKSE:00968: 1.48

A closely related ratio is called PB Ratio. As of today, Xinyi Solar Holdings's share price is HK$5.30. Xinyi Solar Holdings's Book Value per Sharefor the quarter that ended in Jun. 2023 was HK$3.26. Hence, Xinyi Solar Holdings's P/B Ratio of today is 1.63.

Xinyi Solar Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Xinyi Solar Holdings'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.

Xinyi Solar Holdings Price-to-Tangible-Book Chart

Xinyi Solar Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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3.15

6.76

3.88

2.59

1.27

Xinyi Solar Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.88	3.58	2.59	2.78	1.27

Competitive Comparison of Xinyi Solar Holdings's Price-to-Tangible-Book

For the Solar subindustry, Xinyi Solar Holdings'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.

Xinyi Solar Holdings's Price-to-Tangible-Book Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xinyi Solar Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Xinyi Solar Holdings's Price-to-Tangible-Book falls into.

Xinyi Solar Holdings Price-to-Tangible-Book Calculation

Xinyi Solar Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	5.30	/	3.257
	=	1.63

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.

Xinyi Solar Holdings Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Xinyi Solar Holdings's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Xinyi Solar Holdings (HKSE:00968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinyi Solar Holdings Ltd (HKSE:00968) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

XISHY:USA XNYIF:USA 13X:Germany

Address

Xinyi PV Glass Industrial Zone, 2 Xinyi Road, Wuhu Economic and Technology Development Zone, Anhui Province, Wuhu, CHN, 241009

Website

https://www.xinyisolar.com

Xinyi Solar Holdings Ltd is an investment holding company. Its activities consist of the production and sale of solar glass products, the development and operation of solar farms, and the provision of engineering, procurement, and construction (EPC) services. The company's segments include sales of solar glass; solar farm business which includes solar farm development and solar power generation; and EPC services. It derives revenue from two core business segments, namely the sale and manufacturing of solar glass and solar farm business. Its operations are held in the People's Republic of China and Other countries.

Xinyi Solar Holdings (HKSE:00968) Headlines

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