PDD Holdings (PDD Holdings) Price-to-Tangible-Book : 7.06 (As of Apr. 26, 2024)

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What is PDD Holdings Price-to-Tangible-Book?

As of today (2024-04-26), PDD Holdings's share price is $125.79. PDD Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $17.83. Hence, PDD Holdings's Price to Tangible Book Ratio of today is 7.06.

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

PDD' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.31 Med: 9.37 Max: 24.44
Current: 7.05

During the past 8 years, PDD Holdings's highest Price to Tangible Book Ratio was 24.44. The lowest was 6.31. And the median was 9.37.

PDD's Price-to-Tangible-Book is ranked worse than
85.71% of 973 companies
in the Retail - Cyclical industry
Industry Median: 1.83 vs PDD: 7.05

A closely related ratio is called PB Ratio. As of today, PDD Holdings's share price is $125.79. PDD Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was $17.83. Hence, PDD Holdings's P/B Ratio of today is 7.05.

PDD Holdings Price-to-Tangible-Book Historical Data

The historical data trend for PDD 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.

PDD Holdings Price-to-Tangible-Book Chart

PDD Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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13.61

24.44

6.31

6.38

8.15

PDD Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															6.38	5.49	4.53	6.48	8.21

Competitive Comparison of PDD Holdings's Price-to-Tangible-Book

For the Internet Retail subindustry, PDD 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.

PDD Holdings's Price-to-Tangible-Book Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PDD Holdings's Price-to-Tangible-Book distribution charts can be found below:

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

PDD Holdings Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	125.79	/	17.828
	=	7.06

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.

PDD Holdings Price-to-Tangible-Book Related Terms

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

PDD Holdings (PDD Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PDD Holdings Inc (NAS:PDD) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

PDD:Mexico 0A2S:UK 9PDA:Germany 9PDA:Germany P1DD34:Brazil

Address

First Floor, 25 St Stephen’s Green, Dublin 2,, Dublin 2, IRL, D02 XF99

Website

https://www.pddholdings.com

PDD Holdings (Nasdaq: PDD) is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfilment capabilities, that support its underlying businesses.