MingZhu Logistics Holdings (MingZhu Logistics Holdings) Price-to-Tangible-Book : 0.67 (As of May. 03, 2024)

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What is MingZhu Logistics Holdings Price-to-Tangible-Book?

As of today (2024-05-03), MingZhu Logistics Holdings's share price is $0.3851. MingZhu Logistics Holdings's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was $0.57. Hence, MingZhu Logistics Holdings's Price to Tangible Book Ratio of today is 0.67.

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

YGMZ' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.68 Med: 1.48 Max: 5.9
Current: 0.68

During the past 6 years, MingZhu Logistics Holdings's highest Price to Tangible Book Ratio was 5.90. The lowest was 0.68. And the median was 1.48.

YGMZ's Price-to-Tangible-Book is ranked better than
79.59% of 877 companies
in the Transportation industry
Industry Median: 1.41 vs YGMZ: 0.68

A closely related ratio is called PB Ratio. As of today, MingZhu Logistics Holdings's share price is $0.3851. MingZhu Logistics Holdings's Book Value per Sharefor the quarter that ended in Jun. 2023 was $2.02. Hence, MingZhu Logistics Holdings's P/B Ratio of today is 0.19.

MingZhu Logistics Holdings Price-to-Tangible-Book Historical Data

The historical data trend for MingZhu Logistics 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.

MingZhu Logistics Holdings Price-to-Tangible-Book Chart

MingZhu Logistics Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

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5.90

1.43

1.30

MingZhu Logistics Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Price-to-Tangible-Book	Get a 7-Day Free Trial						2.15	1.43	0.94	1.30	1.53

Competitive Comparison of MingZhu Logistics Holdings's Price-to-Tangible-Book

For the Trucking subindustry, MingZhu Logistics 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.

MingZhu Logistics Holdings's Price-to-Tangible-Book Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MingZhu Logistics Holdings's Price-to-Tangible-Book distribution charts can be found below:

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

MingZhu Logistics Holdings Price-to-Tangible-Book Calculation

MingZhu Logistics Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	0.3851	/	0.572
	=	0.67

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.

MingZhu Logistics Holdings Price-to-Tangible-Book Related Terms

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MingZhu Logistics Holdings (MingZhu Logistics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MingZhu Logistics Holdings Ltd (NAS:YGMZ) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3018 Shayan Road, 27F, Yantian Modern Industry Service Center, Yantian District, Guangdong, Shenzhen, CHN, 518081

Website

http://www.szygmz.com

MingZhu Logistics Holdings Ltd provides transportation and logistics services. The firm offers 3A-grade trucking services in China. It operates a self-owned truckload fleet with more than 130 tractors and 90 trailers. The firm's transportation services are operated out of two terminals: Guangdong region, and Xinjiang region. The company's customers include sizeable logistics companies, freight forwarders, and warehouse operators. The firm derives its key revenue from the trucking service business.