Midea Real Estate Holding (HKSE:03990) Price-to-Tangible-Book : 0.27 (As of May. 17, 2024)

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What is Midea Real Estate Holding Price-to-Tangible-Book?

As of today (2024-05-17), Midea Real Estate Holding's share price is HK$5.12. Midea Real Estate Holding's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$19.09. Hence, Midea Real Estate Holding's Price to Tangible Book Ratio of today is 0.27.

The historical rank and industry rank for Midea Real Estate Holding's Price-to-Tangible-Book or its related term are showing as below:

HKSE:03990' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.24 Med: 0.71 Max: 1.36
Current: 0.27

During the past 9 years, Midea Real Estate Holding's highest Price to Tangible Book Ratio was 1.36. The lowest was 0.24. And the median was 0.71.

HKSE:03990's Price-to-Tangible-Book is ranked better than
86.37% of 1724 companies
in the Real Estate industry
Industry Median: 0.84 vs HKSE:03990: 0.27

A closely related ratio is called PB Ratio. As of today, Midea Real Estate Holding's share price is HK$5.12. Midea Real Estate Holding's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$19.29. Hence, Midea Real Estate Holding's P/B Ratio of today is 0.27.

Midea Real Estate Holding Price-to-Tangible-Book Historical Data

The historical data trend for Midea Real Estate Holding'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.

Midea Real Estate Holding Price-to-Tangible-Book Chart

Midea Real Estate Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.36

0.82

0.52

0.59

0.28

Midea Real Estate Holding Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial										0.52	0.55	0.59	0.36	0.28

Competitive Comparison of Midea Real Estate Holding's Price-to-Tangible-Book

For the Real Estate Services subindustry, Midea Real Estate Holding'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.

Midea Real Estate Holding's Price-to-Tangible-Book Distribution in the Real Estate Industry

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

* The bar in red indicates where Midea Real Estate Holding's Price-to-Tangible-Book falls into.

Midea Real Estate Holding Price-to-Tangible-Book Calculation

Midea Real Estate Holding's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	5.12	/	19.09
	=	0.27

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.

Midea Real Estate Holding Price-to-Tangible-Book Related Terms

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

Midea Real Estate Holding (HKSE:03990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Midea Real Estate Holding Ltd (HKSE:03990) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

MR9:Germany

Address

No.1 Chengde Road, 34th Floor, Tower 4, Midea Real Estate Plaza, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

https://www.mideadc.com

Midea Real Estate Holding Ltd is a real estate development company that offers real estate services. It operates through three principal business segments: Property development and sales; Property management services; and Investment and operation of commercial properties. Property development and sales generates most of the revenue.

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