Jiangsu HSC New Energy Materials Co (SHSE:688353) Price-to-Tangible-Book : 0.88 (As of Jun. 04, 2024)

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What is Jiangsu HSC New Energy Materials Co Price-to-Tangible-Book?

As of today (2024-06-04), Jiangsu HSC New Energy Materials Co's share price is ¥19.39. Jiangsu HSC New Energy Materials Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥22.07. Hence, Jiangsu HSC New Energy Materials Co's Price to Tangible Book Ratio of today is 0.88.

The historical rank and industry rank for Jiangsu HSC New Energy Materials Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:688353' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.88 Med: 1.64 Max: 2.06
Current: 0.88

During the past 6 years, Jiangsu HSC New Energy Materials Co's highest Price to Tangible Book Ratio was 2.06. The lowest was 0.88. And the median was 1.64.

SHSE:688353's Price-to-Tangible-Book is ranked better than
79.96% of 1482 companies
in the Chemicals industry
Industry Median: 1.785 vs SHSE:688353: 0.88

A closely related ratio is called PB Ratio. As of today, Jiangsu HSC New Energy Materials Co's share price is ¥19.39. Jiangsu HSC New Energy Materials Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥23.19. Hence, Jiangsu HSC New Energy Materials Co's P/B Ratio of today is 0.84.

Jiangsu HSC New Energy Materials Co Price-to-Tangible-Book Historical Data

The historical data trend for Jiangsu HSC New Energy Materials 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.

Jiangsu HSC New Energy Materials Co Price-to-Tangible-Book Chart

Jiangsu HSC New Energy Materials Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.91

1.23

Jiangsu HSC New Energy Materials Co Quarterly Data
	Dec18	Dec19	Mar20	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													1.96	1.64	1.38	1.23	1.09

Competitive Comparison of Jiangsu HSC New Energy Materials Co's Price-to-Tangible-Book

For the Chemicals subindustry, Jiangsu HSC New Energy Materials 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.

Jiangsu HSC New Energy Materials Co's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu HSC New Energy Materials Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Jiangsu HSC New Energy Materials Co's Price-to-Tangible-Book falls into.

Jiangsu HSC New Energy Materials Co Price-to-Tangible-Book Calculation

Jiangsu HSC New Energy Materials 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 )
	=	19.39	/	22.071
	=	0.88

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.

Jiangsu HSC New Energy Materials Co Price-to-Tangible-Book Related Terms

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Jiangsu HSC New Energy Materials Co (SHSE:688353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu HSC New Energy Materials Co Ltd (SHSE:688353) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

No. 10 Qinghai Road, Yangtze River International Chemical Industrial Park, Jiangsu Province, Zhangjiagang, CHN, 215600

Website

http://www.sinohsc.com

Jiangsu HSC New Energy Materials Co Ltd is engaged in the production and sales of lithium battery electrolyte additives. The company's products mainly include two series of electronic chemicals and special silicones. In the field of electronic chemicals, the company supplies vinylene carbonate (VC) and fluoroethylene carbonate (FEC) in the market. The products are widely used in new energy vehicles, electric two-wheelers, power tools, UPS power supplies, mobile base station power supply, photovoltaic power station, 3C products and other fields. In the field of special silicones, the company manufacturers the technology of non-phosgene production of isocyanate silanes.

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