Angang Steel Co (Angang Steel Co) Price-to-Tangible-Book : 0.28 (As of Jun. 01, 2024)

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What is Angang Steel Co Price-to-Tangible-Book?

As of today (2024-06-01), Angang Steel Co's share price is $0.189. Angang Steel Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $0.69. Hence, Angang Steel Co's Price to Tangible Book Ratio of today is 0.28.

The historical rank and industry rank for Angang Steel Co's Price-to-Tangible-Book or its related term are showing as below:

ANGGF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.46 Med: 0.76 Max: 1.26
Current: 0.46

During the past 13 years, Angang Steel Co's highest Price to Tangible Book Ratio was 1.26. The lowest was 0.46. And the median was 0.76.

ANGGF's Price-to-Tangible-Book is ranked better than
83.06% of 602 companies
in the Steel industry
Industry Median: 1.05 vs ANGGF: 0.46

A closely related ratio is called PB Ratio. As of today, Angang Steel Co's share price is $0.189. Angang Steel Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was $0.79. Hence, Angang Steel Co's P/B Ratio of today is 0.24.

Angang Steel Co Price-to-Tangible-Book Historical Data

The historical data trend for Angang Steel Co's Price-to-Tangible-Book 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.

Angang Steel Co Price-to-Tangible-Book Chart

Angang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.46

0.39

0.63

0.35

0.26

Angang Steel Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.35	0.38	0.36	0.26	0.28

Competitive Comparison of Angang Steel Co's Price-to-Tangible-Book

For the Steel subindustry, Angang Steel Co's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Angang Steel Co's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Angang Steel Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Angang Steel Co's Price-to-Tangible-Book falls into.

Angang Steel Co Price-to-Tangible-Book Calculation

Angang Steel Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.189	/	0.685
	=	0.28

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Angang Steel Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Angang Steel Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Angang Steel Co (Angang Steel Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Angang Steel Co Ltd (OTCPK:ANGGF) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

00347:Hong Kong GNV:Germany 000898:China

Address

Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021

Website

http://www.ansteel.com.cn

Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.