Tianjin Development Holdings (Tianjin Development Holdings) Price-to-Tangible-Book : 0.12 (As of Jun. 08, 2024)

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What is Tianjin Development Holdings Price-to-Tangible-Book?

As of today (2024-06-08), Tianjin Development Holdings's share price is $0.176. Tianjin Development Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.47. Hence, Tianjin Development Holdings's Price to Tangible Book Ratio of today is 0.12.

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

TJSCF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.13 Med: 0.27 Max: 0.64
Current: 0.16

During the past 13 years, Tianjin Development Holdings's highest Price to Tangible Book Ratio was 0.64. The lowest was 0.13. And the median was 0.27.

TJSCF's Price-to-Tangible-Book is ranked better than
96.87% of 480 companies
in the Conglomerates industry
Industry Median: 1.125 vs TJSCF: 0.16

A closely related ratio is called PB Ratio. As of today, Tianjin Development Holdings's share price is $0.176. Tianjin Development Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.50. Hence, Tianjin Development Holdings's P/B Ratio of today is 0.12.

Tianjin Development Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Tianjin Development 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.

Tianjin Development Holdings Price-to-Tangible-Book Chart

Tianjin Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.13

0.12

Tianjin Development Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.13	0.13	0.13	0.14	0.12

Competitive Comparison of Tianjin Development Holdings's Price-to-Tangible-Book

For the Conglomerates subindustry, Tianjin Development 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.

Tianjin Development Holdings's Price-to-Tangible-Book Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tianjin Development Holdings's Price-to-Tangible-Book distribution charts can be found below:

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

Tianjin Development Holdings Price-to-Tangible-Book Calculation

Tianjin Development Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.176	/	1.471
	=	0.12

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.

Tianjin Development Holdings Price-to-Tangible-Book Related Terms

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

Tianjin Development Holdings (Tianjin Development Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tianjin Development Holdings Ltd (OTCPK:TJSCF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

00882:Hong Kong

Address

168-200 Connaught Road Central, Suites 7-13, 36th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.tianjindev.com

Tianjin Development Holdings Ltd is a Chinese conglomerate engaged in utilities and various other services. It operates through six segments: The utility segment distributes electricity, water, heat, and thermal power to industrial, commercial, and residential customers. The Pharmaceutical segment manufactures and sells pharmaceutical products and provides pharmaceutical research and development, pharmaceutical packaging. The Hotels segment manages hotels. The electrical and Mechanical segment manufactures and sells presses, mechanical and hydroelectric equipment, and large-scale pump units. The Port Services segment offers port services. Elevators and Escalators segment manufactures and sells elevators and escalators. Nearly all of its revenue comes from China.

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