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Bank of Communications Co (SHSE:601328) Price-to-Tangible-Book : 0.48 (As of May. 14, 2024)


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What is Bank of Communications Co Price-to-Tangible-Book?

As of today (2024-05-14), Bank of Communications Co's share price is ¥6.90. Bank of Communications Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥14.34. Hence, Bank of Communications Co's Price to Tangible Book Ratio of today is 0.48.

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

SHSE:601328' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.36   Med: 0.67   Max: 1.26
Current: 0.48

During the past 13 years, Bank of Communications Co's highest Price to Tangible Book Ratio was 1.26. The lowest was 0.36. And the median was 0.67.

SHSE:601328's Price-to-Tangible-Book is ranked better than
84.29% of 1439 companies
in the Banks industry
Industry Median: 0.93 vs SHSE:601328: 0.48

A closely related ratio is called PB Ratio. As of today, Bank of Communications Co's share price is ¥6.90. Bank of Communications Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥14.40. Hence, Bank of Communications Co's P/B Ratio of today is 0.48.


Bank of Communications Co Price-to-Tangible-Book Historical Data

The historical data trend for Bank of Communications 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.

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Bank of Communications Co Price-to-Tangible-Book Chart

Bank of Communications Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.41 0.37 0.36 0.41

Bank of Communications Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.43 0.42 0.41 0.44

Competitive Comparison of Bank of Communications Co's Price-to-Tangible-Book

For the Banks - Diversified subindustry, Bank of Communications 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.


Bank of Communications Co's Price-to-Tangible-Book Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Communications Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Bank of Communications Co's Price-to-Tangible-Book falls into.



Bank of Communications Co Price-to-Tangible-Book Calculation

Bank of Communications Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=6.90/14.342
=0.48

* 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.

It can also be calculated from the numbers for the whole company:

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.


Bank of Communications Co Price-to-Tangible-Book Related Terms

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


Bank of Communications Co (SHSE:601328) Business Description

Traded in Other Exchanges
Address
No.188, Yin Cheng Zhong Lu, Pilot Free Trade Zone, Pudong New District, Shanghai, CHN, 200120
Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.

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