Concord New Energy Group (Concord New Energy Group) Price-to-Tangible-Book : 0.64 (As of May. 21, 2024)

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What is Concord New Energy Group Price-to-Tangible-Book?

As of today (2024-05-21), Concord New Energy Group's share price is $0.08. Concord New Energy Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.13. Hence, Concord New Energy Group's Price to Tangible Book Ratio of today is 0.64.

The historical rank and industry rank for Concord New Energy Group's Price-to-Tangible-Book or its related term are showing as below:

CWPWF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.57 Med: 0.71 Max: 0.96
Current: 0.73

During the past 13 years, Concord New Energy Group's highest Price to Tangible Book Ratio was 0.96. The lowest was 0.57. And the median was 0.71.

CWPWF's Price-to-Tangible-Book is ranked better than
81.06% of 396 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.465 vs CWPWF: 0.73

A closely related ratio is called PB Ratio. As of today, Concord New Energy Group's share price is $0.08. Concord New Energy Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.14. Hence, Concord New Energy Group's P/B Ratio of today is 0.58.

Concord New Energy Group Price-to-Tangible-Book Historical Data

The historical data trend for Concord New Energy Group'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.

Concord New Energy Group Price-to-Tangible-Book Chart

Concord New Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.60

0.55

0.90

0.72

0.60

Concord New Energy Group 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															0.90	0.84	0.72	0.68	0.60

Competitive Comparison of Concord New Energy Group's Price-to-Tangible-Book

For the Utilities - Renewable subindustry, Concord New Energy Group'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.

Concord New Energy Group's Price-to-Tangible-Book Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Concord New Energy Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Concord New Energy Group's Price-to-Tangible-Book falls into.

Concord New Energy Group Price-to-Tangible-Book Calculation

Concord New Energy Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.08	/	0.125
	=	0.64

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.

Concord New Energy Group Price-to-Tangible-Book Related Terms

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

Concord New Energy Group (Concord New Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Concord New Energy Group Ltd (OTCPK:CWPWF) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

00182:Hong Kong HK51:Germany

Address

16 Harcourt Road, Suite 3901, 39th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

https://www.cnegroup.com

Concord New Energy Group Ltd is an investment holding company. The principal activities of the company are investment in power plants, provision of design, technical and consultation services, and provision of power plant operation and maintenance services. The operating segments of the company are power generation which includes the operation of wind and solar power plants, Intelligent operation and maintenance segment which includes provision operation and maintenance, asset management, overhaul & commissioning service for wind and solar power plants; and others segment which includes the provision of design, technical and consultancy services, undertaking electrical engineering and construction of power plant projects. The company generates its revenue from the power generation segment.

Concord New Energy Group (Concord New Energy Group) Headlines

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