IT Tech Packaging Inc stock PB Ratio (=0.01) is close to 10-year low of 0.01
The historical rank and industry rank for IT Tech Packaging's PB Ratio or its related term are showing as below:
ITP'
s PB Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.13 Max: 0.34
Current: 0.01
During the past 13 years, IT Tech Packaging's highest PB Ratio was 0.34. The lowest was 0.01. And the median was 0.13.
ITP's PB Ratio is ranked better than 99.65% of 284
companies
in the Forest Products industry
Industry Median: 0.935
vs ITP: 0.01
During the past 12 months, IT Tech Packaging's average Book Value Per Share Growth Rate was -7.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -35.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -30.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -16.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of IT Tech Packaging was 699.60% per year. The lowest was -37.90% per year. And the median was -1.00% per year.
Back to Basics: PB Ratio
IT Tech Packaging PB Ratio Historical Data
The historical data trend for IT Tech Packaging'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.
Competitive Comparison of IT Tech Packaging's PB Ratio
For the Paper & Paper Products subindustry, IT Tech Packaging'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.
IT Tech Packaging's PB Ratio Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, IT Tech Packaging's PB Ratio distribution charts can be found below:
* The bar in red indicates where IT Tech Packaging's PB Ratio falls into.
IT Tech Packaging 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.
* 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.
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.
IT Tech Packaging PB Ratio Related Terms
Thank you for viewing the detailed overview of IT Tech Packaging's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
IT Tech Packaging (IT Tech Packaging) Business Description
IT Tech Packaging Inc is a holding company engaged in the business of paper manufacturing in China. The company operates as a producer and distributor of paper products. It involves in production and distribution of three categories of paper products: packing paper (corrugating medium paper), offset printing paper, and tissue paper products. It also produces digital photo paper. Its business is structured into two segments Dongfang Paper and Tengsheng Paper which produces offset printing paper and corrugating medium paper, tissue paper and Baoding Shengde which produces face masks and digital photo paper.
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