China Resources Land (HKSE:01109) Price-to-Tangible-Book : 0.74 (As of May. 08, 2024)

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What is China Resources Land Price-to-Tangible-Book?

As of today (2024-05-08), China Resources Land's share price is HK$29.15. China Resources Land's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$39.51. Hence, China Resources Land's Price to Tangible Book Ratio of today is 0.74.

The historical rank and industry rank for China Resources Land's Price-to-Tangible-Book or its related term are showing as below:

HKSE:01109' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.71 Med: 1.11 Max: 1.38
Current: 0.74

During the past 13 years, China Resources Land's highest Price to Tangible Book Ratio was 1.38. The lowest was 0.71. And the median was 1.11.

HKSE:01109's Price-to-Tangible-Book is ranked better than
55.12% of 1718 companies
in the Real Estate industry
Industry Median: 0.83 vs HKSE:01109: 0.74

A closely related ratio is called PB Ratio. As of today, China Resources Land's share price is HK$29.15. China Resources Land's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$40.63. Hence, China Resources Land's P/B Ratio of today is 0.72.

China Resources Land Price-to-Tangible-Book Historical Data

The historical data trend for China Resources Land'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.

China Resources Land Price-to-Tangible-Book Chart

China Resources Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.37

0.96

0.86

0.97

0.71

China Resources Land 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															0.86	0.99	0.97	0.88	0.71

Competitive Comparison of China Resources Land's Price-to-Tangible-Book

For the Real Estate - Development subindustry, China Resources Land'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.

China Resources Land's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Resources Land's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Resources Land's Price-to-Tangible-Book falls into.

China Resources Land Price-to-Tangible-Book Calculation

China Resources Land's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	29.15	/	39.512
	=	0.74

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.

China Resources Land Price-to-Tangible-Book Related Terms

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

China Resources Land (HKSE:01109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Land Ltd (HKSE:01109) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

CRBJY:USA CRBJF:USA CHZ:Germany

Address

26 Harbour Road, 46th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crland.com.hk

China Resources Land, or CR Land, is a leading real estate developer with nationwide coverage in China. Aside from the core development business, CR Land differentiates itself from peers with a significant investment property portfolio with luxury focused MixC malls, and it holds a 73.7% stake in listed property management company China Resources Mixc Lifestyle Services. CR Land is a subsidiary of China Resources Holdings, or CR Holdings, a sizable state-owned conglomerate with a diverse presence in the utilities, consumer goods, medical, and property sectors. CR Holdings holds about a 60% stake in CR Land.

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