Ares Asia (HKSE:00645) PB Ratio : 0.94 (As of May. 24, 2024)

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What is Ares Asia 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 (2024-05-24), Ares Asia's share price is HK$0.11. Ares Asia's Book Value per Share for the quarter that ended in Sep. 2023 was HK$0.12. Hence, Ares Asia's PB Ratio of today is 0.94.

The historical rank and industry rank for Ares Asia's PB Ratio or its related term are showing as below:

HKSE:00645' s PB Ratio Range Over the Past 10 Years
Min: 0.64 Med: 2.27 Max: 6.53
Current: 0.92

During the past 13 years, Ares Asia's highest PB Ratio was 6.53. The lowest was 0.64. And the median was 2.27.

HKSE:00645's PB Ratio is ranked better than
70.24% of 168 companies
in the Other Energy Sources industry
Industry Median: 1.39 vs HKSE:00645: 0.92

During the past 12 months, Ares Asia's average Book Value Per Share Growth Rate was -13.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -14.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -7.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -15.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ares Asia was 4.20% per year. The lowest was -29.10% per year. And the median was -10.25% per year.

Back to Basics: PB Ratio

Ares Asia PB Ratio Historical Data

The historical data trend for Ares Asia'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.

Ares Asia PB Ratio Chart

Ares Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

PB Ratio

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3.93

1.58

1.78

1.88

2.18

Ares Asia Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
PB Ratio	Get a 7-Day Free Trial															1.74	1.88	1.93	2.18	0.96

Competitive Comparison of Ares Asia's PB Ratio

For the Thermal Coal subindustry, Ares Asia'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.

Ares Asia's PB Ratio Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Ares Asia's PB Ratio distribution charts can be found below:

* The bar in red indicates where Ares Asia's PB Ratio falls into.

Ares Asia 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.

Ares Asia's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2023)
	=	0.11	/	0.117
	=	0.94

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.

Ares Asia (HKSE:00645) 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.

Ares Asia PB Ratio Related Terms

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

Ares Asia (HKSE:00645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Ares Asia Ltd (HKSE:00645) » Definitions » PB Ratio

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit No. 9608, Level 96, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.aresasialtd.com

Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.

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