Yechiu Metal Recycling (China) (SHSE:601388) Price-to-Tangible-Book : 1.51 (As of May. 17, 2024)

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What is Yechiu Metal Recycling (China) Price-to-Tangible-Book?

As of today (2024-05-17), Yechiu Metal Recycling (China)'s share price is ¥2.72. Yechiu Metal Recycling (China)'s Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥1.80. Hence, Yechiu Metal Recycling (China)'s Price to Tangible Book Ratio of today is 1.51.

The historical rank and industry rank for Yechiu Metal Recycling (China)'s Price-to-Tangible-Book or its related term are showing as below:

SHSE:601388' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.27 Med: 2.21 Max: 6.21
Current: 1.51

During the past 13 years, Yechiu Metal Recycling (China)'s highest Price to Tangible Book Ratio was 6.21. The lowest was 1.27. And the median was 2.21.

SHSE:601388's Price-to-Tangible-Book is ranked worse than
54.02% of 2227 companies
in the Metals & Mining industry
Industry Median: 1.37 vs SHSE:601388: 1.51

A closely related ratio is called PB Ratio. As of today, Yechiu Metal Recycling (China)'s share price is ¥2.72. Yechiu Metal Recycling (China)'s Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥1.93. Hence, Yechiu Metal Recycling (China)'s P/B Ratio of today is 1.41.

Yechiu Metal Recycling (China) Price-to-Tangible-Book Historical Data

The historical data trend for Yechiu Metal Recycling (China)'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.

Yechiu Metal Recycling (China) Price-to-Tangible-Book Chart

Yechiu Metal Recycling (China) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.47

2.07

2.76

1.88

1.44

Yechiu Metal Recycling (China) 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															1.84	1.59	1.52	1.44	1.65

Competitive Comparison of Yechiu Metal Recycling (China)'s Price-to-Tangible-Book

For the Aluminum subindustry, Yechiu Metal Recycling (China)'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.

Yechiu Metal Recycling (China)'s Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Yechiu Metal Recycling (China)'s Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Yechiu Metal Recycling (China)'s Price-to-Tangible-Book falls into.

Yechiu Metal Recycling (China) Price-to-Tangible-Book Calculation

Yechiu Metal Recycling (China)'s price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	2.72	/	1.797
	=	1.51

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.

Yechiu Metal Recycling (China) Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Yechiu Metal Recycling (China)'s Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Yechiu Metal Recycling (China) (SHSE:601388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yechiu Metal Recycling (China) Ltd (SHSE:601388) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

No.88 Hufuhuang Road, Fuqiao Town, Jiangsu, Taicang, CHN

Website

http://www.yechiu.com.cn

Yechiu Metal Recycling (China) Ltd is engaged in the recycling, sorting, processing, melting and processing of metal resources. It involves in the collection of aluminum scrap resources from waste automobiles, construction materials, home appliances, etc. Its products are aluminum alloy ingots of various specifications and models. The products are widely used in automobiles, electrical appliances, machinery, construction, electricity, transportation, computers, packaging, hardware and other fields.

Yechiu Metal Recycling (China) (SHSE:601388) Headlines

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