Canggang Railway (HKSE:02169) Price-to-Tangible-Book : 4.12 (As of May. 14, 2024)

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What is Canggang Railway Price-to-Tangible-Book?

As of today (2024-05-14), Canggang Railway's share price is HK$0.84. Canggang Railway's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$0.20. Hence, Canggang Railway's Price to Tangible Book Ratio of today is 4.12.

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

HKSE:02169' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.96 Med: 3.54 Max: 10.48
Current: 4.2

During the past 7 years, Canggang Railway's highest Price to Tangible Book Ratio was 10.48. The lowest was 1.96. And the median was 3.54.

HKSE:02169's Price-to-Tangible-Book is ranked worse than
83.71% of 878 companies
in the Transportation industry
Industry Median: 1.43 vs HKSE:02169: 4.20

A closely related ratio is called PB Ratio. As of today, Canggang Railway's share price is HK$0.84. Canggang Railway's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$0.20. Hence, Canggang Railway's P/B Ratio of today is 4.12.

Canggang Railway Price-to-Tangible-Book Historical Data

The historical data trend for Canggang Railway'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.

Canggang Railway Price-to-Tangible-Book Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.96

2.35

4.72

10.48

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial						2.35	2.38	4.72	5.51	10.48

Competitive Comparison of Canggang Railway's Price-to-Tangible-Book

For the Railroads subindustry, Canggang Railway'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.

Canggang Railway's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canggang Railway's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Canggang Railway's Price-to-Tangible-Book falls into.

Canggang Railway Price-to-Tangible-Book Calculation

Canggang Railway's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.84	/	0.204
	=	4.12

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.

Canggang Railway Price-to-Tangible-Book Related Terms

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

Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

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