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Changzhou Almaden Co (SZSE:002623) PB Ratio : 1.07 (As of Jun. 06, 2024)


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What is Changzhou Almaden 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 (2024-06-06), Changzhou Almaden Co's share price is ¥17.53. Changzhou Almaden Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥16.34. Hence, Changzhou Almaden Co's PB Ratio of today is 1.07.

Good Sign:

Changzhou Almaden Co Ltd stock PB Ratio (=1.17) is close to 3-year low of 1.12

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

SZSE:002623' s PB Ratio Range Over the Past 10 Years
Min: 0.93   Med: 1.83   Max: 4.17
Current: 1.07

During the past 13 years, Changzhou Almaden Co's highest PB Ratio was 4.17. The lowest was 0.93. And the median was 1.83.

SZSE:002623's PB Ratio is ranked better than
83.8% of 969 companies
in the Semiconductors industry
Industry Median: 2.42 vs SZSE:002623: 1.07

During the past 12 months, Changzhou Almaden Co's average Book Value Per Share Growth Rate was 0.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Changzhou Almaden Co was 117.00% per year. The lowest was -1.30% per year. And the median was 3.20% per year.

Back to Basics: PB Ratio


Changzhou Almaden Co PB Ratio Historical Data

The historical data trend for Changzhou Almaden 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.

Changzhou Almaden Co PB Ratio Chart

Changzhou Almaden 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 1.70 3.00 2.07 1.86 1.64

Changzhou Almaden 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 1.88 1.74 1.54 1.64 1.33

Competitive Comparison of Changzhou Almaden Co's PB Ratio

For the Solar subindustry, Changzhou Almaden 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.


Changzhou Almaden Co's PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Changzhou Almaden Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Changzhou Almaden Co's PB Ratio falls into.



Changzhou Almaden 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.

Changzhou Almaden Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=17.53/16.336
=1.07

* 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.


Changzhou Almaden Co  (SZSE:002623) 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.


Changzhou Almaden Co PB Ratio Related Terms

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


Changzhou Almaden Co (SZSE:002623) Business Description

Traded in Other Exchanges
N/A
Address
No. 639, Qinglong East Road, Jiangsu Province, Changzhou, CHN, 213021
Changzhou Almaden Co Ltd is a China based company engaged in the business of producing anti-reflective coated (ARC) glass and ultrathin physically tempered glass. It manufactures solar glass, ultrathin thermal tempered glass, POE films, junction box, ultrathin electronics glass, cover glass, and others. The company sells its products in China and other international countries.
Executives
Shi Xu Song Executives
Lin Jin Xi Director
Zhou Guo Lai Independent director

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