Xinyi Solar Holdings (HKSE:00968) PB Ratio : 1.48 (As of Apr. 27, 2024)

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What is Xinyi Solar Holdings 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 (2024-04-27), Xinyi Solar Holdings's share price is HK$5.30. Xinyi Solar Holdings's Book Value per Share for the quarter that ended in Jun. 2023 was HK$3.59. Hence, Xinyi Solar Holdings's PB Ratio of today is 1.48.

The historical rank and industry rank for Xinyi Solar Holdings's PB Ratio or its related term are showing as below:

HKSE:00968' s PB Ratio Range Over the Past 10 Years
Min: 1.05 Med: 3.4 Max: 10.94
Current: 1.48

During the past 12 years, Xinyi Solar Holdings's highest PB Ratio was 10.94. The lowest was 1.05. And the median was 3.40.

HKSE:00968's PB Ratio is ranked better than
72.3% of 971 companies
in the Semiconductors industry
Industry Median: 2.37 vs HKSE:00968: 1.48

During the past 12 months, Xinyi Solar Holdings's average Book Value Per Share Growth Rate was -3.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 24.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 24.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 31.40% per year.

During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Xinyi Solar Holdings was 65.70% per year. The lowest was 17.20% per year. And the median was 30.80% per year.

Back to Basics: PB Ratio

Xinyi Solar Holdings PB Ratio Historical Data

The historical data trend for Xinyi Solar Holdings'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.

Xinyi Solar Holdings PB Ratio Chart

Xinyi Solar Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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3.15

6.76

3.88

2.58

1.27

Xinyi Solar Holdings 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															3.88	3.58	2.58	2.78	1.27

Competitive Comparison of Xinyi Solar Holdings's PB Ratio

For the Solar subindustry, Xinyi Solar Holdings'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.

Xinyi Solar Holdings's PB Ratio Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xinyi Solar Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Xinyi Solar Holdings's PB Ratio falls into.

Xinyi Solar Holdings 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.

Xinyi Solar Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2023)
	=	5.30	/	3.591
	=	1.48

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.

Xinyi Solar Holdings (HKSE:00968) 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.

Xinyi Solar Holdings PB Ratio Related Terms

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

Xinyi Solar Holdings (HKSE:00968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xinyi Solar Holdings Ltd (HKSE:00968) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

XISHY:USA XNYIF:USA 13X:Germany

Address

Xinyi PV Glass Industrial Zone, 2 Xinyi Road, Wuhu Economic and Technology Development Zone, Anhui Province, Wuhu, CHN, 241009

Website

https://www.xinyisolar.com

Xinyi Solar Holdings Ltd is an investment holding company. Its activities consist of the production and sale of solar glass products, the development and operation of solar farms, and the provision of engineering, procurement, and construction (EPC) services. The company's segments include sales of solar glass; solar farm business which includes solar farm development and solar power generation; and EPC services. It derives revenue from two core business segments, namely the sale and manufacturing of solar glass and solar farm business. Its operations are held in the People's Republic of China and Other countries.

Xinyi Solar Holdings (HKSE:00968) Headlines

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