Perennial Energy Holdings (HKSE:02798) PB Ratio : 0.66 (As of May. 18, 2024)

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What is Perennial Energy Holdings 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 (2024-05-18), Perennial Energy Holdings's share price is HK$1.25. Perennial Energy Holdings's Book Value per Share for the quarter that ended in Dec. 2023 was HK$1.91. Hence, Perennial Energy Holdings's PB Ratio of today is 0.66.

The historical rank and industry rank for Perennial Energy Holdings's PB Ratio or its related term are showing as below:

HKSE:02798' s PB Ratio Range Over the Past 10 Years
Min: 0.4 Med: 1.39 Max: 14.12
Current: 0.66

During the past 9 years, Perennial Energy Holdings's highest PB Ratio was 14.12. The lowest was 0.40. And the median was 1.39.

HKSE:02798's PB Ratio is ranked better than
69.62% of 609 companies
in the Steel industry
Industry Median: 1.01 vs HKSE:02798: 0.66

During the past 12 months, Perennial Energy Holdings's average Book Value Per Share Growth Rate was 10.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 19.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 23.20% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Perennial Energy Holdings was 113.90% per year. The lowest was 19.20% per year. And the median was 54.15% per year.

Back to Basics: PB Ratio

Perennial Energy Holdings PB Ratio Historical Data

The historical data trend for Perennial Energy Holdings'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.

Perennial Energy Holdings PB Ratio Chart

Perennial Energy Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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2.52

8.97

1.20

0.41

0.45

Perennial Energy Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial										1.20	1.21	0.41	0.70	0.45

Competitive Comparison of Perennial Energy Holdings's PB Ratio

For the Coking Coal subindustry, Perennial Energy Holdings'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.

Perennial Energy Holdings's PB Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Perennial Energy Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Perennial Energy Holdings's PB Ratio falls into.

Perennial Energy Holdings 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.

Perennial Energy Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	1.25	/	1.906
	=	0.66

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.

Perennial Energy Holdings (HKSE:02798) 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.

Perennial Energy Holdings PB Ratio Related Terms

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Perennial Energy Holdings (HKSE:02798) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Perennial Energy Holdings Ltd (HKSE:02798) » Definitions » PB Ratio

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Traded in Other Exchanges

PEZ:Germany

Address

Hongguo Economic Development Area, Office Building next to E' Lang Pu Leisure Square, Guizhou Province, Liupanshui, CHN

Website

https://www.perennialenergy.hk

Perennial Energy Holdings Ltd is a coal mining. The company operates two underground coal mines in the Songshan coalfield in western Panzhou City, Guizhou Province, the People's Republic of China, namely, the Hongguo Mine and the Baogushan Mine. The revenue of the company is derived from the production and sales of coal products including clean coal, middling coal, and sludge coal; and the sale of coalbed methane gas as well as subcontracting income on coal washing services for Bangda in the People's Republic of China.

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