China Merchants Land (HKSE:00978) Price-to-Tangible-Book : 0.14 (As of May. 14, 2024)

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What is China Merchants Land Price-to-Tangible-Book?

As of today (2024-05-14), China Merchants Land's share price is HK$0.31. China Merchants Land's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$2.18. Hence, China Merchants Land's Price to Tangible Book Ratio of today is 0.14.

The historical rank and industry rank for China Merchants Land's Price-to-Tangible-Book or its related term are showing as below:

HKSE:00978' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.14 Med: 0.59 Max: 1.27
Current: 0.14

During the past 13 years, China Merchants Land's highest Price to Tangible Book Ratio was 1.27. The lowest was 0.14. And the median was 0.59.

HKSE:00978's Price-to-Tangible-Book is ranked better than
93.73% of 1722 companies
in the Real Estate industry
Industry Median: 0.82 vs HKSE:00978: 0.14

A closely related ratio is called PB Ratio. As of today, China Merchants Land's share price is HK$0.31. China Merchants Land's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$2.21. Hence, China Merchants Land's P/B Ratio of today is 0.14.

China Merchants Land Price-to-Tangible-Book Historical Data

The historical data trend for China Merchants Land'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.

China Merchants Land Price-to-Tangible-Book Chart

China Merchants Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.58

0.51

0.31

0.25

0.14

China Merchants Land 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															0.31	0.29	0.25	0.18	0.14

Competitive Comparison of China Merchants Land's Price-to-Tangible-Book

For the Real Estate - Diversified subindustry, China Merchants Land'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.

China Merchants Land's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Merchants Land's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Merchants Land's Price-to-Tangible-Book falls into.

China Merchants Land Price-to-Tangible-Book Calculation

China Merchants Land's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.31	/	2.175
	=	0.14

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.

China Merchants Land Price-to-Tangible-Book Related Terms

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

China Merchants Land (HKSE:00978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Merchants Land Ltd (HKSE:00978) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

TNY1:Germany

Address

Nos. 168-200 Connaught Road, Room 2603 to 2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

http://www.cmland.hk

China Merchants Land Ltd is an investment holding company that operates through two segments. The properties segment, which generates almost all the company's sales, is engaged in real estate development and leasing, and the Asset Management segment. Asset management segment includes office premises and shopping malls. The company operates primarily in Mainland China.

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