Huitongda Network Co (HKSE:09878) Price-to-Tangible-Book : 1.85 (As of May. 21, 2024)

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What is Huitongda Network Co Price-to-Tangible-Book?

As of today (2024-05-21), Huitongda Network Co's share price is HK$28.00. Huitongda Network Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$15.11. Hence, Huitongda Network Co's Price to Tangible Book Ratio of today is 1.85.

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

HKSE:09878' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.83 Med: 2.26 Max: 2.51
Current: 1.85

During the past 6 years, Huitongda Network Co's highest Price to Tangible Book Ratio was 2.51. The lowest was 1.83. And the median was 2.26.

HKSE:09878's Price-to-Tangible-Book is ranked better than
76.32% of 2086 companies
in the Software industry
Industry Median: 3.645 vs HKSE:09878: 1.85

A closely related ratio is called PB Ratio. As of today, Huitongda Network Co's share price is HK$28.00. Huitongda Network Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$15.11. Hence, Huitongda Network Co's P/B Ratio of today is 1.85.

Huitongda Network Co Price-to-Tangible-Book Historical Data

The historical data trend for Huitongda Network 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.

Huitongda Network Co Price-to-Tangible-Book Chart

Huitongda Network Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.51

2.01

Huitongda Network Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial				-	3.69	2.51	2.09	2.01

Competitive Comparison of Huitongda Network Co's Price-to-Tangible-Book

For the Software - Application subindustry, Huitongda Network 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.

Huitongda Network Co's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Huitongda Network Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Huitongda Network Co's Price-to-Tangible-Book falls into.

Huitongda Network Co Price-to-Tangible-Book Calculation

Huitongda Network 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 )
	=	28.00	/	15.112
	=	1.85

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.

Huitongda Network Co Price-to-Tangible-Book Related Terms

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

Huitongda Network Co (HKSE:09878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Huitongda Network Co Ltd (HKSE:09878) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

50 Zhongling Street, Huitongda Building, Jiangsu Province, Nanjing, CHN

Website

https://www.htd.cn

Huitongda Network Co Ltd is a transaction and service platform serving corporate customers in China's retail industry, and is committed to providing high-quality goods and services for China's sinking market. In addition, Huitongda also provides store SaaS and merchant solutions to retail stores and channel cooperation customers in the industrial value chain by virtue of its digital capabilities, and provides a stable one-stop supply chain to member retail stores, including providing rich and diverse services on the platform.

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