Miramar Hotel & Investment Co (HKSE:00071) Price-to-Tangible-Book : 0.34 (As of May. 25, 2024)

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What is Miramar Hotel & Investment Co Price-to-Tangible-Book?

As of today (2024-05-25), Miramar Hotel & Investment Co's share price is HK$10.04. Miramar Hotel & Investment Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$29.65. Hence, Miramar Hotel & Investment Co's Price to Tangible Book Ratio of today is 0.34.

The historical rank and industry rank for Miramar Hotel & Investment Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:00071' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.34 Med: 0.5 Max: 0.62
Current: 0.34

During the past 13 years, Miramar Hotel & Investment Co's highest Price to Tangible Book Ratio was 0.62. The lowest was 0.34. And the median was 0.50.

HKSE:00071's Price-to-Tangible-Book is ranked better than
82.17% of 1722 companies
in the Real Estate industry
Industry Median: 0.83 vs HKSE:00071: 0.34

A closely related ratio is called PB Ratio. As of today, Miramar Hotel & Investment Co's share price is HK$10.04. Miramar Hotel & Investment Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$29.65. Hence, Miramar Hotel & Investment Co's P/B Ratio of today is 0.34.

Miramar Hotel & Investment Co Price-to-Tangible-Book Historical Data

The historical data trend for Miramar Hotel & Investment 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.

Miramar Hotel & Investment Co Price-to-Tangible-Book Chart

Miramar Hotel & Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.55

0.45

0.44

0.42

0.36

Miramar Hotel & Investment Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.44	0.49	0.42	0.40	0.36

Competitive Comparison of Miramar Hotel & Investment Co's Price-to-Tangible-Book

For the Real Estate Services subindustry, Miramar Hotel & Investment 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.

Miramar Hotel & Investment Co's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Miramar Hotel & Investment Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Miramar Hotel & Investment Co's Price-to-Tangible-Book falls into.

Miramar Hotel & Investment Co Price-to-Tangible-Book Calculation

Miramar Hotel & Investment Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	10.04	/	29.648
	=	0.34

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.

Miramar Hotel & Investment Co Price-to-Tangible-Book Related Terms

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

Miramar Hotel & Investment Co (HKSE:00071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Miramar Hotel & Investment Co Ltd (HKSE:00071) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

132 Nathan Road, 15th Floor, Mira Place Tower A, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.miramar-group.com

Miramar Hotel & Investment Co Ltd is an investment holding company. It operates in five segments: Property rental, which includes leasing of office and retail premises to generate rental income and to gain from the appreciation in properties values in the long term; Hotels & serviced apartments segment operates hotels and serviced apartments and provision of hotel management services; Food & beverage operation segment operates restaurants; Travel operation segment is engaged in the operation of travel agency services; and Others. Its geographical segments are Hong Kong and China, of which Hong Kong accounts for the majority of its revenue.

Executives

Lee Ka Shing	2501 Other
Multiglade Holdings Limited
Aynbury Investments Limited	2201 Interest of corporation controlled by you
Henderson Development Limited	2201 Interest of corporation controlled by you
Henderson Land Development Company Limited	2201 Interest of corporation controlled by you
Hopkins (cayman) Limited	2201 Interest of corporation controlled by you
Riddick (cayman) Limited	2301 Trustee
Rimmer (cayman) Limited	2301 Trustee
Lee Shau Kee	2501 Other

Miramar Hotel & Investment Co (HKSE:00071) Headlines

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