Midea Group Co (SZSE:000333) Price-to-Tangible-Book : 3.91 (As of May. 04, 2024)

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What is Midea Group Co Price-to-Tangible-Book?

As of today (2024-05-04), Midea Group Co's share price is ¥69.78. Midea Group Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥17.86. Hence, Midea Group Co's Price to Tangible Book Ratio of today is 3.91.

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

SZSE:000333' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.6 Med: 5.18 Max: 13
Current: 3.91

During the past 13 years, Midea Group Co's highest Price to Tangible Book Ratio was 13.00. The lowest was 2.60. And the median was 5.18.

SZSE:000333's Price-to-Tangible-Book is ranked worse than
80.61% of 392 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.75 vs SZSE:000333: 3.91

A closely related ratio is called PB Ratio. As of today, Midea Group Co's share price is ¥69.78. Midea Group Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥24.75. Hence, Midea Group Co's P/B Ratio of today is 2.82.

Midea Group Co Price-to-Tangible-Book Historical Data

The historical data trend for Midea Group 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.

Midea Group Co Price-to-Tangible-Book Chart

Midea Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

7.00

9.54

6.46

3.72

3.38

Midea Group 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															3.53	4.29	3.62	3.38	3.60

Competitive Comparison of Midea Group Co's Price-to-Tangible-Book

For the Furnishings, Fixtures & Appliances subindustry, Midea Group 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.

Midea Group Co's Price-to-Tangible-Book Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Midea Group Co's Price-to-Tangible-Book distribution charts can be found below:

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

Midea Group Co Price-to-Tangible-Book Calculation

Midea Group 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 )
	=	69.78	/	17.86
	=	3.91

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.

Midea Group Co Price-to-Tangible-Book Related Terms

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

Midea Group Co (SZSE:000333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Midea Group Co Ltd (SZSE:000333) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Midea Avenue, Beijiao Town, Midea Headquarters Building, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

http://www.midea.com

Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, producing air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most of the home appliance products. The firm is also involved in industrial automation systems through its 100% stake in Kuka, a leading global player in the industry based in Germany. Heating, ventilation, and air-conditioning, or HVAC, products accounted for 44% of Midea's total revenue in 2022, followed by other consumer appliances (36%) and robotics and automation systems (9%). In addition, more than 40% of the group's sales is ex-China.

Midea Group Co (SZSE:000333) Headlines

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