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Shandong Linglong Tyre Co (SHSE:601966) Price-to-Tangible-Book : 1.66 (As of May. 12, 2024)


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What is Shandong Linglong Tyre Co Price-to-Tangible-Book?

As of today (2024-05-12), Shandong Linglong Tyre Co's share price is ¥22.83. Shandong Linglong Tyre Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥13.73. Hence, Shandong Linglong Tyre Co's Price to Tangible Book Ratio of today is 1.66.

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

SHSE:601966' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.43   Med: 2.31   Max: 4.85
Current: 1.66

During the past 13 years, Shandong Linglong Tyre Co's highest Price to Tangible Book Ratio was 4.85. The lowest was 1.43. And the median was 2.31.

SHSE:601966's Price-to-Tangible-Book is ranked better than
51.42% of 1198 companies
in the Vehicles & Parts industry
Industry Median: 1.71 vs SHSE:601966: 1.66

A closely related ratio is called PB Ratio. As of today, Shandong Linglong Tyre Co's share price is ¥22.83. Shandong Linglong Tyre Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥14.44. Hence, Shandong Linglong Tyre Co's P/B Ratio of today is 1.58.


Shandong Linglong Tyre Co Price-to-Tangible-Book Historical Data

The historical data trend for Shandong Linglong Tyre 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.

Shandong Linglong Tyre Co Price-to-Tangible-Book Chart

Shandong Linglong Tyre 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 2.68 3.07 3.24 1.65 1.43

Shandong Linglong Tyre 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 1.56 1.71 1.55 1.43 1.51

Competitive Comparison of Shandong Linglong Tyre Co's Price-to-Tangible-Book

For the Auto Parts subindustry, Shandong Linglong Tyre 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.


Shandong Linglong Tyre Co's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Linglong Tyre Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Shandong Linglong Tyre Co's Price-to-Tangible-Book falls into.



Shandong Linglong Tyre Co Price-to-Tangible-Book Calculation

Shandong Linglong Tyre 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 )
=22.83/13.734
=1.66

* 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.


Shandong Linglong Tyre Co Price-to-Tangible-Book Related Terms

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


Shandong Linglong Tyre Co (SHSE:601966) Business Description

Traded in Other Exchanges
N/A
Address
No. 777, Jinlong Road, Shandong, Zhaoyuan, CHN, 265406
Shandong Linglong Tyre Co Ltd is a China-based tire manufacturing company engaged in the business of manufacturing and selling tires. Its product portfolio comprises of passenger car radial tires, light truck radial tires, truck and bus radial tires, specialty tires, winter tires, SUV tires and others. It offers tire products under the brands Linglong, LEAO, Infinity, Shanling, and Atlas.

Shandong Linglong Tyre Co (SHSE:601966) Headlines

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