Jinshang Bank Co (HKSE:02558) PB Ratio : 0.31 (As of May. 02, 2024)

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What is Jinshang Bank 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 (2024-05-02), Jinshang Bank Co's share price is HK$1.45. Jinshang Bank Co's Book Value per Share for the quarter that ended in Dec. 2023 was HK$4.65. Hence, Jinshang Bank Co's PB Ratio of today is 0.31.

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

HKSE:02558' s PB Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.33 Max: 1.21
Current: 0.31

During the past 8 years, Jinshang Bank Co's highest PB Ratio was 1.21. The lowest was 0.21. And the median was 0.33.

HKSE:02558's PB Ratio is ranked better than
92.73% of 1459 companies
in the Banks industry
Industry Median: 0.86 vs HKSE:02558: 0.31

During the past 12 months, Jinshang Bank Co's average Book Value Per Share Growth Rate was 4.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.30% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Jinshang Bank Co was 26.70% per year. The lowest was 2.90% per year. And the median was 12.10% per year.

Back to Basics: PB Ratio

Jinshang Bank Co PB Ratio Historical Data

The historical data trend for Jinshang Bank 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.

Jinshang Bank Co PB Ratio Chart

Jinshang Bank Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.41

0.40

0.32

0.24

0.31

Jinshang Bank Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial									0.32	0.26	0.24	0.27	0.31

Competitive Comparison of Jinshang Bank Co's PB Ratio

For the Banks - Regional subindustry, Jinshang Bank 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.

Jinshang Bank Co's PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Jinshang Bank Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Jinshang Bank Co's PB Ratio falls into.

Jinshang Bank 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.

Jinshang Bank Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.45	/	4.645
	=	0.31

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.

Jinshang Bank Co (HKSE:02558) 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.

Jinshang Bank Co PB Ratio Related Terms

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

Jinshang Bank Co (HKSE:02558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jinshang Bank Co Ltd (HKSE:02558) » Definitions » PB Ratio

Traded in Other Exchanges

N/A

Address

No. 59 Changfeng Street, Xiaodian District, Shanxi Province, Taiyuan, CHN, 030000

Website

https://www.jshbank.com

Jinshang Bank Co Ltd operates as a commercial bank. It offers deposits, loans, credit card, and other banking services. The bank's operating segments are Corporate banking, Retail banking, Treasury business, and others segment. It generates a majority of its revenue from the corporate banking segment which is engaged in the provision of a range of financial products and services to corporations, government agencies, and financial institutions. These products and services include corporate loans and advances, trade financing, deposit-taking activities, agency services, wealth management services, consulting and advisory services, remittance and settlement services and guarantee services among others.

Jinshang Bank Co (HKSE:02558) Headlines

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