Zhuzhou CRRC Times Electric Co (HKSE:03898) Price-to-Tangible-Book : 1.05 (As of May. 05, 2024)

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What is Zhuzhou CRRC Times Electric Co Price-to-Tangible-Book?

As of today (2024-05-05), Zhuzhou CRRC Times Electric Co's share price is HK$28.35. Zhuzhou CRRC Times Electric Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$27.01. Hence, Zhuzhou CRRC Times Electric Co's Price to Tangible Book Ratio of today is 1.05.

The historical rank and industry rank for Zhuzhou CRRC Times Electric Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:03898' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.83 Med: 2.06 Max: 3.99
Current: 1.05

During the past 13 years, Zhuzhou CRRC Times Electric Co's highest Price to Tangible Book Ratio was 3.99. The lowest was 0.83. And the median was 2.06.

HKSE:03898's Price-to-Tangible-Book is ranked better than
63.97% of 877 companies
in the Transportation industry
Industry Median: 1.41 vs HKSE:03898: 1.05

A closely related ratio is called PB Ratio. As of today, Zhuzhou CRRC Times Electric Co's share price is HK$28.35. Zhuzhou CRRC Times Electric Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$28.47. Hence, Zhuzhou CRRC Times Electric Co's P/B Ratio of today is 1.00.

Zhuzhou CRRC Times Electric Co Price-to-Tangible-Book Historical Data

The historical data trend for Zhuzhou CRRC Times Electric 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.

Zhuzhou CRRC Times Electric Co Price-to-Tangible-Book Chart

Zhuzhou CRRC Times Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.45

1.51

1.67

1.48

0.83

Zhuzhou CRRC Times Electric Co Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.48	1.13	-	0.83	-

Competitive Comparison of Zhuzhou CRRC Times Electric Co's Price-to-Tangible-Book

For the Railroads subindustry, Zhuzhou CRRC Times Electric 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.

Zhuzhou CRRC Times Electric Co's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Zhuzhou CRRC Times Electric Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Zhuzhou CRRC Times Electric Co's Price-to-Tangible-Book falls into.

Zhuzhou CRRC Times Electric Co Price-to-Tangible-Book Calculation

Zhuzhou CRRC Times Electric 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 )
	=	28.35	/	27.009
	=	1.05

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.

Zhuzhou CRRC Times Electric Co Price-to-Tangible-Book Related Terms

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Zhuzhou CRRC Times Electric Co (HKSE:03898) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Zhuzhou CRRC Times Electric Co Ltd (HKSE:03898) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

ZHUZY:USA ZTX:Germany 688187:China

Address

No. 169 Times Road, Shifeng District, Hunan Province, Zhuzhou, CHN, 412001

Website

http://www.tec.crrczic.cc

Zhuzhou CRRC Times Electric Co Ltd is a China-based company mainly engaged in the research and development (R&D), design, manufacturing and sales of rail transit equipment products. The Company is also engaged in R&D, design, manufacturing and sales of emerging equipment. The rail transit equipment business mainly includes rail transit electrical equipment, such as traction converter system, information and intelligent system products, power supply system and test equipment, and rail engineering machinery and communication signal system. semiconductor devices, industrial converter products, electric drive systems of new energy vehicles, sensor devices and marine engineering equipment. The Company operates in the domestic market and overseas markets.

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