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Ningxia Buliding Materials Group Co (SHSE:600449) PB Ratio : 0.97 (As of May. 14, 2024)


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What is Ningxia Buliding Materials Group Co 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 (2024-05-14), Ningxia Buliding Materials Group Co's share price is ¥14.42. Ningxia Buliding Materials Group Co's Book Value per Share for the quarter that ended in Mar. 2024 was ¥14.91. Hence, Ningxia Buliding Materials Group Co's PB Ratio of today is 0.97.

Good Sign:

Ningxia Buliding Materials Group Co Ltd stock PB Ratio (=0.98) is close to 1-year low of 0.92

The historical rank and industry rank for Ningxia Buliding Materials Group Co's PB Ratio or its related term are showing as below:

SHSE:600449' s PB Ratio Range Over the Past 10 Years
Min: 0.73   Med: 1.02   Max: 1.96
Current: 0.97

During the past 13 years, Ningxia Buliding Materials Group Co's highest PB Ratio was 1.96. The lowest was 0.73. And the median was 1.02.

SHSE:600449's PB Ratio is ranked better than
60.79% of 380 companies
in the Building Materials industry
Industry Median: 1.22 vs SHSE:600449: 0.97

During the past 12 months, Ningxia Buliding Materials Group Co's average Book Value Per Share Growth Rate was 1.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ningxia Buliding Materials Group Co was 54.20% per year. The lowest was -1.30% per year. And the median was 10.90% per year.

Back to Basics: PB Ratio


Ningxia Buliding Materials Group Co PB Ratio Historical Data

The historical data trend for Ningxia Buliding Materials Group Co'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.

Ningxia Buliding Materials Group Co PB Ratio Chart

Ningxia Buliding Materials Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 1.00 0.85 0.81 1.20

Ningxia Buliding Materials Group Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.11 1.06 1.12 1.20 1.10

Competitive Comparison of Ningxia Buliding Materials Group Co's PB Ratio

For the Building Materials subindustry, Ningxia Buliding Materials Group Co'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.


Ningxia Buliding Materials Group Co's PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ningxia Buliding Materials Group Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Ningxia Buliding Materials Group Co's PB Ratio falls into.



Ningxia Buliding Materials Group Co 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.

Ningxia Buliding Materials Group Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=14.42/14.913
=0.97

* 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.

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

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.


Ningxia Buliding Materials Group Co  (SHSE:600449) 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.


Ningxia Buliding Materials Group Co PB Ratio Related Terms

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Ningxia Buliding Materials Group Co (SHSE:600449) Business Description

Traded in Other Exchanges
N/A
Address
2 kilometers from Xinxiao Line, Ningxia Hui Autonomous Region, Xixia District, Yinchuan, CHN, 750021
Ningxia Building Materials Group Co Ltd is engaged in research and development, production, sales, technical services and management services of cement, cement products, cement clinker, commercial concrete and related products. The company also engaged in import and export business of building materials products and related technology import and export business Production and sales of fly ash.

Ningxia Buliding Materials Group Co (SHSE:600449) Headlines

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