Tian Ruixiang Holdings (Tian Ruixiang Holdings) Price-to-Tangible-Book : 0.05 (As of May. 06, 2024)

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What is Tian Ruixiang Holdings Price-to-Tangible-Book?

As of today (2024-05-06), Tian Ruixiang Holdings's share price is $0.51. Tian Ruixiang Holdings's Tangible Book per Share of Apr. 2023 for the quarter that ended in Apr. 2023 was $10.55. Hence, Tian Ruixiang Holdings's Price to Tangible Book Ratio of today is 0.05.

The historical rank and industry rank for Tian Ruixiang Holdings's Price-to-Tangible-Book or its related term are showing as below:

TIRX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.05 Med: 0.29 Max: 6.4
Current: 0.05

During the past 6 years, Tian Ruixiang Holdings's highest Price to Tangible Book Ratio was 6.40. The lowest was 0.05. And the median was 0.29.

TIRX's Price-to-Tangible-Book is ranked better than
99.78% of 458 companies
in the Insurance industry
Industry Median: 1.34 vs TIRX: 0.05

A closely related ratio is called PB Ratio. As of today, Tian Ruixiang Holdings's share price is $0.51. Tian Ruixiang Holdings's Book Value per Sharefor the quarter that ended in Apr. 2023 was $10.55. Hence, Tian Ruixiang Holdings's P/B Ratio of today is 0.05.

Tian Ruixiang Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Tian Ruixiang Holdings'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.

Tian Ruixiang Holdings Price-to-Tangible-Book Chart

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.92

0.24

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Price-to-Tangible-Book	Get a 7-Day Free Trial							6.40	0.92	0.29	0.24	0.15

Competitive Comparison of Tian Ruixiang Holdings's Price-to-Tangible-Book

For the Insurance Brokers subindustry, Tian Ruixiang Holdings'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.

Tian Ruixiang Holdings's Price-to-Tangible-Book Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Tian Ruixiang Holdings's Price-to-Tangible-Book falls into.

Tian Ruixiang Holdings Price-to-Tangible-Book Calculation

Tian Ruixiang Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Apr. 2023 )
	=	0.51	/	10.55
	=	0.05

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.

Tian Ruixiang Holdings Price-to-Tangible-Book Related Terms

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

Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.