Redsun Properties Group (HKSE:01996) PB Ratio : 0.06 (As of May. 26, 2024)

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What is Redsun Properties Group PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-26), Redsun Properties Group's share price is HK$0.097. Redsun Properties Group's Book Value per Share for the quarter that ended in Dec. 2023 was HK$1.54. Hence, Redsun Properties Group's PB Ratio of today is 0.06.

The historical rank and industry rank for Redsun Properties Group's PB Ratio or its related term are showing as below:

HKSE:01996' s PB Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.48 Max: 1.01
Current: 0.06

During the past 9 years, Redsun Properties Group's highest PB Ratio was 1.01. The lowest was 0.02. And the median was 0.48.

HKSE:01996's PB Ratio is ranked better than
98.8% of 1756 companies
in the Real Estate industry
Industry Median: 0.82 vs HKSE:01996: 0.06

During the past 12 months, Redsun Properties Group's average Book Value Per Share Growth Rate was -61.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -34.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -14.80% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Redsun Properties Group was 34.60% per year. The lowest was -34.30% per year. And the median was 15.40% per year.

Back to Basics: PB Ratio

Redsun Properties Group PB Ratio Historical Data

The historical data trend for Redsun Properties Group's PB Ratio 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.

Redsun Properties Group PB Ratio Chart

Redsun Properties Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.55

0.50

0.38

0.13

0.06

Redsun Properties Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial											0.38	0.48	0.13	0.09	0.06

Competitive Comparison of Redsun Properties Group's PB Ratio

For the Real Estate - Development subindustry, Redsun Properties Group's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Redsun Properties Group's PB Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Redsun Properties Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Redsun Properties Group's PB Ratio falls into.

Redsun Properties Group PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Redsun Properties Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.097	/	1.535
	=	0.06

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Redsun Properties Group (HKSE:01996) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Redsun Properties Group PB Ratio Related Terms

Thank you for viewing the detailed overview of Redsun Properties Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Redsun Properties Group (HKSE:01996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redsun Properties Group Ltd (HKSE:01996) » Definitions » PB Ratio

Traded in Other Exchanges

0RJ:Germany

Address

No. 9 Daqiao North Road, 26th Floor, Hong Yang Building, Pukou District, Jiangsu Province, Nanjing, CHN

Website

https://www.rsunproperty.hk

Redsun Properties Group Ltd is a China-based company engages in the property development business. It's business operations consist of three principal business segments: Property Development and Sales; Commercial Property Investment and Operations; and Hotel Operations. The company derived its revenue from sale of its developed residential properties and supporting retail properties, rental income from the investment in and operation of commercial properties, and service fee income from its hotel operaTions.

Executives

Hong Yang Group (holdings) Limited	2201 Interest of corporation controlled by you
Hong Yang Group Company Limited	2201 Interest of corporation controlled by you
Hong Yang International Limited	2201 Interest of corporation controlled by you
Redsun Properties Group (holdings) Limited	2101 Beneficial owner
Chen Sihong	2202 Interest of your spouse
Zeng Huansha	2201 Interest of corporation controlled by you

Redsun Properties Group (HKSE:01996) Headlines

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