Ning Xia Yin Xing Energy Co (SZSE:000862) Price-to-Tangible-Book : 1.13 (As of Jun. 06, 2024)

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What is Ning Xia Yin Xing Energy Co Price-to-Tangible-Book?

As of today (2024-06-06), Ning Xia Yin Xing Energy Co's share price is ¥5.07. Ning Xia Yin Xing Energy Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥4.49. Hence, Ning Xia Yin Xing Energy Co's Price to Tangible Book Ratio of today is 1.13.

The historical rank and industry rank for Ning Xia Yin Xing Energy Co's Price-to-Tangible-Book or its related term are showing as below:

SZSE:000862' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.83 Med: 1.76 Max: 19.7
Current: 1.13

During the past 13 years, Ning Xia Yin Xing Energy Co's highest Price to Tangible Book Ratio was 19.70. The lowest was 0.83. And the median was 1.76.

SZSE:000862's Price-to-Tangible-Book is ranked better than
76.45% of 2819 companies
in the Industrial Products industry
Industry Median: 2 vs SZSE:000862: 1.13

A closely related ratio is called PB Ratio. As of today, Ning Xia Yin Xing Energy Co's share price is ¥5.07. Ning Xia Yin Xing Energy Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥4.58. Hence, Ning Xia Yin Xing Energy Co's P/B Ratio of today is 1.11.

Ning Xia Yin Xing Energy Co Price-to-Tangible-Book Historical Data

The historical data trend for Ning Xia Yin Xing Energy 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.

Ning Xia Yin Xing Energy Co Price-to-Tangible-Book Chart

Ning Xia Yin Xing Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.41

1.26

2.34

1.41

1.37

Ning Xia Yin Xing Energy 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															1.64	1.99	1.44	1.37	1.24

Competitive Comparison of Ning Xia Yin Xing Energy Co's Price-to-Tangible-Book

For the Specialty Industrial Machinery subindustry, Ning Xia Yin Xing Energy 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.

Ning Xia Yin Xing Energy Co's Price-to-Tangible-Book Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ning Xia Yin Xing Energy Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Ning Xia Yin Xing Energy Co's Price-to-Tangible-Book falls into.

Ning Xia Yin Xing Energy Co Price-to-Tangible-Book Calculation

Ning Xia Yin Xing Energy 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 )
	=	5.07	/	4.493
	=	1.13

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.

Ning Xia Yin Xing Energy Co Price-to-Tangible-Book Related Terms

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Ning Xia Yin Xing Energy Co (SZSE:000862) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ning Xia Yin Xing Energy Co Ltd (SZSE:000862) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

N/A

Address

No.166, Liupanshan West Road, Xixia District, Ningxia, Wuzhong, CHN, 750021

Website

http://www.nxyxny.com.cn

Ning Xia Yin Xing Energy Co Ltd is a China-based company engaged in the energy equipment manufacturing. The company operates through two business divisions including renewable energy generation and renewable energy equipment manufacturing. The renewable energy equipment manufacturing consists of wind power equipment manufacturing and solar photovoltaic power equipment manufacturing. The company is engaged in renewable energy generation through its wind farms located at china. It also offers products for renewable energy equipment manufacturing including photovoltaic cells, photovoltaic modules, wind tower, wind power gearbox, and wind turbine.

Executives

Zhu Huai Wen

Executives

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