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Anhui Jinhe Industrial Co (SZSE:002597) PB Ratio : 1.67 (As of Jun. 09, 2024)


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What is Anhui Jinhe Industrial 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 (2024-06-09), Anhui Jinhe Industrial Co's share price is ¥21.22. Anhui Jinhe Industrial Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥12.71. Hence, Anhui Jinhe Industrial Co's PB Ratio of today is 1.67.

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

SZSE:002597' s PB Ratio Range Over the Past 10 Years
Min: 1.22   Med: 3.03   Max: 5.89
Current: 1.67

During the past 13 years, Anhui Jinhe Industrial Co's highest PB Ratio was 5.89. The lowest was 1.22. And the median was 3.03.

SZSE:002597's PB Ratio is ranked worse than
53.04% of 1531 companies
in the Chemicals industry
Industry Median: 1.57 vs SZSE:002597: 1.67

During the past 12 months, Anhui Jinhe Industrial Co's average Book Value Per Share Growth Rate was -1.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 13.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 16.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Anhui Jinhe Industrial Co was 48.40% per year. The lowest was 5.30% per year. And the median was 16.10% per year.

Back to Basics: PB Ratio


Anhui Jinhe Industrial Co PB Ratio Historical Data

The historical data trend for Anhui Jinhe Industrial 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 Jinhe Industrial Co PB Ratio Chart

Anhui Jinhe Industrial 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 2.82 3.68 4.93 2.59 1.75

Anhui Jinhe Industrial 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 2.33 1.94 1.86 1.75 1.47

Competitive Comparison of Anhui Jinhe Industrial Co's PB Ratio

For the Chemicals subindustry, Anhui Jinhe Industrial 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 Jinhe Industrial Co's PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Anhui Jinhe Industrial Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Anhui Jinhe Industrial Co's PB Ratio falls into.



Anhui Jinhe Industrial 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 Jinhe Industrial Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=21.22/12.714
=1.67

* 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 Jinhe Industrial Co  (SZSE:002597) 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 Jinhe Industrial Co PB Ratio Related Terms

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


Anhui Jinhe Industrial Co (SZSE:002597) Business Description

Traded in Other Exchanges
N/A
Address
127 East Street, Lai'an, Anhui, CHN, 239200
Anhui Jinhe Industrial Co Ltd is a Chinese company engaged in the manufacture and distribution of fine chemical products and basic chemical products. The company mainly produces Acesulfame-K, Maltol, Ethyl Maltol and MCP in fine chemicals. The basic chemical products mainly include liquid Ammonia, Nitric acid, Sulfuric acid, Formaldehyde, Melamine, Pentaerythritol, Diketene, Neopentyl Glycol, pharmaceutical intermediates and so on.
Executives
Li En Ping Executives
Tao Zhang Wen Directors, executives
Xia Jia Xin Directors, executives
Li Jun Wei Executives
Wang Cong Chun Directors, executives
He Yu Executives
Sun Cai Jun Executives
Dai Shi Lin Supervisors
Yang Zong Yong Directors, Directors, and Executives
Sun Tao Director
Yang Ying Chun Director
Li Bao Lin Securities Affairs Representative
Cao Song Ting Director

Anhui Jinhe Industrial Co (SZSE:002597) Headlines

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