Hong Kong Economic Times Holdings (HKSE:00423) Price-to-Tangible-Book : 0.48 (As of May. 25, 2024)

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What is Hong Kong Economic Times Holdings Price-to-Tangible-Book?

As of today (2024-05-25), Hong Kong Economic Times Holdings's share price is HK$0.91. Hong Kong Economic Times Holdings's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was HK$1.90. Hence, Hong Kong Economic Times Holdings's Price to Tangible Book Ratio of today is 0.48.

The historical rank and industry rank for Hong Kong Economic Times Holdings's Price-to-Tangible-Book or its related term are showing as below:

HKSE:00423' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.48 Med: 0.69 Max: 0.87
Current: 0.48

During the past 13 years, Hong Kong Economic Times Holdings's highest Price to Tangible Book Ratio was 0.87. The lowest was 0.48. And the median was 0.69.

HKSE:00423's Price-to-Tangible-Book is ranked better than
88.73% of 781 companies
in the Media - Diversified industry
Industry Median: 1.88 vs HKSE:00423: 0.48

A closely related ratio is called PB Ratio. As of today, Hong Kong Economic Times Holdings's share price is HK$0.91. Hong Kong Economic Times Holdings's Book Value per Sharefor the quarter that ended in Sep. 2023 was HK$1.90. Hence, Hong Kong Economic Times Holdings's P/B Ratio of today is 0.48.

Hong Kong Economic Times Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Hong Kong Economic Times 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.

Hong Kong Economic Times Holdings Price-to-Tangible-Book Chart

Hong Kong Economic Times Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.79

0.53

0.50

0.56

0.57

Hong Kong Economic Times Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.55	0.56	0.52	0.57	0.54

Competitive Comparison of Hong Kong Economic Times Holdings's Price-to-Tangible-Book

For the Publishing subindustry, Hong Kong Economic Times 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.

Hong Kong Economic Times Holdings's Price-to-Tangible-Book Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's Price-to-Tangible-Book falls into.

Hong Kong Economic Times Holdings Price-to-Tangible-Book Calculation

Hong Kong Economic Times Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.91	/	1.9
	=	0.48

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.

Hong Kong Economic Times Holdings Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Hong Kong Economic Times Holdings's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Hong Kong Economic Times Holdings (HKSE:00423) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hong Kong Economic Times Holdings Ltd (HKSE:00423) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG

Website

http://www.hketgroup.com

Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.

Executives

Webb David Michael	2201 Interest of corporation controlled by you
Preferable Situation Assets Limited	2101 Beneficial owner
Golden Rooster Limited	2101 Beneficial owner
Lee Su Hwei	2201 Interest of corporation controlled by you
Fung Siu Por	2201 Interest of corporation controlled by you

Hong Kong Economic Times Holdings (HKSE:00423) Headlines

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