Joy City Property (HKSE:00207) PB Ratio : 0.09 (As of May. 14, 2024)

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What is Joy City Property PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-14), Joy City Property's share price is HK$0.238. Joy City Property's Book Value per Share for the quarter that ended in Dec. 2023 was HK$2.60. Hence, Joy City Property's PB Ratio of today is 0.09.

The historical rank and industry rank for Joy City Property's PB Ratio or its related term are showing as below:

HKSE:00207' s PB Ratio Range Over the Past 10 Years
Min: 0.06 Med: 0.36 Max: 0.81
Current: 0.09

During the past 13 years, Joy City Property's highest PB Ratio was 0.81. The lowest was 0.06. And the median was 0.36.

HKSE:00207's PB Ratio is ranked better than
96.18% of 1754 companies
in the Real Estate industry
Industry Median: 0.81 vs HKSE:00207: 0.09

During the past 12 months, Joy City Property's average Book Value Per Share Growth Rate was -6.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -5.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -0.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Joy City Property was 210.30% per year. The lowest was -52.20% per year. And the median was -6.30% per year.

Back to Basics: PB Ratio

Joy City Property PB Ratio Historical Data

The historical data trend for Joy City Property's PB Ratio 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.

Joy City Property PB Ratio Chart

Joy City Property Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.32

0.16

0.12

0.08

Joy City Property Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial															0.12	0.09	0.12	0.09	0.08

Competitive Comparison of Joy City Property's PB Ratio

For the Real Estate - Diversified subindustry, Joy City Property's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Joy City Property's PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Joy City Property's PB Ratio distribution charts can be found below:

* The bar in red indicates where Joy City Property's PB Ratio falls into.

Joy City Property PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Joy City Property's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.238	/	2.597
	=	0.09

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Joy City Property (HKSE:00207) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Joy City Property PB Ratio Related Terms

Thank you for viewing the detailed overview of Joy City Property's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Joy City Property (HKSE:00207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Joy City Property Ltd (HKSE:00207) » Definitions » PB Ratio

Traded in Other Exchanges

HKP:Germany

Address

262 Gloucester Road, 33rd Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.joy-cityproperty.com

Joy City Property Ltd is a large-scale commercial property developer and operator, working on the development, operation, sales, leasing and management of mixed-use complexes and other commercial properties such as shopping centers, hotels, offices, serviced apartments and resort and tourist properties in China. Rental income accounts for majority of the operating profit. The company's portfolio consists of various retail malls under the flagship brand of Joy City, and some office and hotel assets. Recently, it introduced a second brand called Joy Breeze, consisting of smaller retail assets. The businesses of the Group are divided into four areas, namely investment properties, property development, hotel operations and output management and other services.

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