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Anhui Xinke New Materials Co (SHSE:600255) PB Ratio : 2.56 (As of May. 12, 2024)


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What is Anhui Xinke New Materials Co 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 (2024-05-12), Anhui Xinke New Materials Co's share price is ¥1.95. Anhui Xinke New Materials Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥0.76. Hence, Anhui Xinke New Materials Co's PB Ratio of today is 2.56.

The historical rank and industry rank for Anhui Xinke New Materials Co's PB Ratio or its related term are showing as below:

SHSE:600255' s PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 2.51   Max: 9.45
Current: 2.56

During the past 13 years, Anhui Xinke New Materials Co's highest PB Ratio was 9.45. The lowest was 0.80. And the median was 2.51.

SHSE:600255's PB Ratio is ranked worse than
71.06% of 2391 companies
in the Metals & Mining industry
Industry Median: 1.42 vs SHSE:600255: 2.56

During the past 12 months, Anhui Xinke New Materials Co's average Book Value Per Share Growth Rate was -1.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -9.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Anhui Xinke New Materials Co was 29.10% per year. The lowest was -32.10% per year. And the median was 6.40% per year.

Back to Basics: PB Ratio


Anhui Xinke New Materials Co PB Ratio Historical Data

The historical data trend for Anhui Xinke New Materials Co'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.

Anhui Xinke New Materials Co PB Ratio Chart

Anhui Xinke New Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.66 2.76 4.73 3.31 2.92

Anhui Xinke New Materials Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.20 2.63 2.64 2.92 2.52

Competitive Comparison of Anhui Xinke New Materials Co's PB Ratio

For the Copper subindustry, Anhui Xinke New Materials Co'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.


Anhui Xinke New Materials Co's PB Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Anhui Xinke New Materials Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Anhui Xinke New Materials Co's PB Ratio falls into.



Anhui Xinke New Materials Co 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.

Anhui Xinke New Materials Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=1.95/0.762
=2.56

* 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.

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

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.


Anhui Xinke New Materials Co  (SHSE:600255) 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.


Anhui Xinke New Materials Co PB Ratio Related Terms

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Anhui Xinke New Materials Co (SHSE:600255) Business Description

Traded in Other Exchanges
N/A
Address
No. 3 Zhujiang Road, Economic and Technological Development Zone, Anhui Province, Wuhu, CHN, 241006
Anhui Xinke New Materials Co Ltd is engaged in development, production and sales of copper-based composite materials, rare and precious metal materials (excluding gold and silver and products), powder metallurgy and special materials, special cables, electrical materials and other new materials.

Anhui Xinke New Materials Co (SHSE:600255) Headlines

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