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Yantai Jereh Oilfield Services Group Co (SZSE:002353) Price-to-Tangible-Book : 1.74 (As of May. 03, 2024)


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What is Yantai Jereh Oilfield Services Group Co Price-to-Tangible-Book?

As of today (2024-05-03), Yantai Jereh Oilfield Services Group Co's share price is ¥31.94. Yantai Jereh Oilfield Services Group Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥18.36. Hence, Yantai Jereh Oilfield Services Group Co's Price to Tangible Book Ratio of today is 1.74.

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

SZSE:002353' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.52   Med: 2.64   Max: 5.67
Current: 1.74

During the past 13 years, Yantai Jereh Oilfield Services Group Co's highest Price to Tangible Book Ratio was 5.67. The lowest was 1.52. And the median was 2.64.

SZSE:002353's Price-to-Tangible-Book is ranked worse than
62.69% of 930 companies
in the Oil & Gas industry
Industry Median: 1.31 vs SZSE:002353: 1.74

A closely related ratio is called PB Ratio. As of today, Yantai Jereh Oilfield Services Group Co's share price is ¥31.94. Yantai Jereh Oilfield Services Group Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥19.15. Hence, Yantai Jereh Oilfield Services Group Co's P/B Ratio of today is 1.67.


Yantai Jereh Oilfield Services Group Co Price-to-Tangible-Book Historical Data

The historical data trend for Yantai Jereh Oilfield Services 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.

Yantai Jereh Oilfield Services Group Co Price-to-Tangible-Book Chart

Yantai Jereh Oilfield Services 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 Premium Member Only Premium Member Only 3.80 3.19 3.26 1.75 1.56

Yantai Jereh Oilfield Services 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 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 1.74 1.52 1.86 1.56 1.65

Competitive Comparison of Yantai Jereh Oilfield Services Group Co's Price-to-Tangible-Book

For the Oil & Gas Equipment & Services subindustry, Yantai Jereh Oilfield Services 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.


Yantai Jereh Oilfield Services Group Co's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Yantai Jereh Oilfield Services Group Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Yantai Jereh Oilfield Services Group Co's Price-to-Tangible-Book falls into.



Yantai Jereh Oilfield Services Group Co Price-to-Tangible-Book Calculation

Yantai Jereh Oilfield Services 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 )
=31.94/18.355
=1.74

* 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.


Yantai Jereh Oilfield Services Group Co Price-to-Tangible-Book Related Terms

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


Yantai Jereh Oilfield Services Group Co (SZSE:002353) Business Description

Traded in Other Exchanges
N/A
Address
No 7,Aucma Street, Laishan District, Shandong Province, Yantai, CHN, 264003
Yantai Jereh Oilfield Services Group Co Ltd is a China-based company engaged in the manufacturing of oilfield equipment and the provision of oilfield services. It is engaged in drilling equipment and oil & gas field engineering equipment manufacturing, equipment maintenance and accessories sales, oil field engineering technology services, as well as oil & gas field construction services. The company conducts its businesses within domestic and overseas markets.

Yantai Jereh Oilfield Services Group Co (SZSE:002353) Headlines

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