China Nature Energy Technology Holdings (HKSE:01597) Price-to-Tangible-Book : 4.10 (As of May. 10, 2024)

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What is China Nature Energy Technology Holdings Price-to-Tangible-Book?

As of today (2024-05-10), China Nature Energy Technology Holdings's share price is HK$4.62. China Nature Energy Technology Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$1.13. Hence, China Nature Energy Technology Holdings's Price to Tangible Book Ratio of today is 4.10.

The historical rank and industry rank for China Nature Energy Technology Holdings's Price-to-Tangible-Book or its related term are showing as below:

HKSE:01597' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.2 Med: 2.22 Max: 6.74
Current: 4.09

During the past 7 years, China Nature Energy Technology Holdings's highest Price to Tangible Book Ratio was 6.74. The lowest was 1.20. And the median was 2.22.

HKSE:01597's Price-to-Tangible-Book is ranked worse than
77.78% of 2822 companies
in the Industrial Products industry
Industry Median: 2.13 vs HKSE:01597: 4.09

A closely related ratio is called PB Ratio. As of today, China Nature Energy Technology Holdings's share price is HK$4.62. China Nature Energy Technology Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$1.13. Hence, China Nature Energy Technology Holdings's P/B Ratio of today is 4.10.

China Nature Energy Technology Holdings Price-to-Tangible-Book Historical Data

The historical data trend for China Nature Energy Technology Holdings'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 Nature Energy Technology Holdings Price-to-Tangible-Book Chart

China Nature Energy Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.20

1.56

2.88

6.74

China Nature Energy Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial						1.56	1.81	2.88	5.05	6.74

Competitive Comparison of China Nature Energy Technology Holdings's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, China Nature Energy Technology Holdings'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 Nature Energy Technology Holdings's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Nature Energy Technology Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Nature Energy Technology Holdings's Price-to-Tangible-Book falls into.

China Nature Energy Technology Holdings Price-to-Tangible-Book Calculation

China Nature Energy Technology Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.62	/	1.128
	=	4.10

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 Nature Energy Technology Holdings Price-to-Tangible-Book Related Terms

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

China Nature Energy Technology Holdings (HKSE:01597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Nature Energy Technology Holdings Ltd (HKSE:01597) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building A, Standard Factory Phase II, Runzhou Road, Huishan Industrial Transformation Park, Jiangsu Province, Wuxi, CHN

Website

www.jyhyne.com

China Nature Energy Technology Holdings Ltd is engaged in the integration, manufacturing, and sales of pitch control systems and related components, wind power generation, wind farm operation, maintenance business, and provision of wind energy-related consultancy services in the People's Republic of China. Its segments include Sales of pitch control systems and related components; Sales of wind power; Wind farm operation and maintenance business; and Provision of wind energy-related consultancy services. It derives a majority of the revenue from research and development, integration, manufacturing, and sale of pitch control systems and related components in wind turbine manufacturing.

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