China Development Bank Financial Leasing Co (HKSE:01606) Price-to-Tangible-Book : 0.74 (As of May. 11, 2024)

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What is China Development Bank Financial Leasing Co Price-to-Tangible-Book?

As of today (2024-05-11), China Development Bank Financial Leasing Co's share price is HK$2.30. China Development Bank Financial Leasing Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$3.13. Hence, China Development Bank Financial Leasing Co's Price to Tangible Book Ratio of today is 0.74.

The historical rank and industry rank for China Development Bank Financial Leasing Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:01606' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.36 Med: 0.61 Max: 1.04
Current: 0.73

During the past 11 years, China Development Bank Financial Leasing Co's highest Price to Tangible Book Ratio was 1.04. The lowest was 0.36. And the median was 0.61.

HKSE:01606's Price-to-Tangible-Book is ranked better than
85.37% of 868 companies
in the Business Services industry
Industry Median: 2.105 vs HKSE:01606: 0.73

A closely related ratio is called PB Ratio. As of today, China Development Bank Financial Leasing Co's share price is HK$2.30. China Development Bank Financial Leasing Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$3.23. Hence, China Development Bank Financial Leasing Co's P/B Ratio of today is 0.71.

China Development Bank Financial Leasing Co Price-to-Tangible-Book Historical Data

The historical data trend for China Development Bank Financial Leasing Co'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 Development Bank Financial Leasing Co Price-to-Tangible-Book Chart

China Development Bank Financial Leasing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.72

0.49

0.42

0.36

0.44

China Development Bank Financial Leasing Co Semi-Annual Data
	Dec13	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															0.42	0.36	0.36	0.34	0.44

Competitive Comparison of China Development Bank Financial Leasing Co's Price-to-Tangible-Book

For the Rental & Leasing Services subindustry, China Development Bank Financial Leasing Co'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 Development Bank Financial Leasing Co's Price-to-Tangible-Book Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, China Development Bank Financial Leasing Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Development Bank Financial Leasing Co's Price-to-Tangible-Book falls into.

China Development Bank Financial Leasing Co Price-to-Tangible-Book Calculation

China Development Bank Financial Leasing Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.30	/	3.126
	=	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 Development Bank Financial Leasing Co Price-to-Tangible-Book Related Terms

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

China Development Bank Financial Leasing Co (HKSE:01606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » China Development Bank Financial Leasing Co Ltd (HKSE:01606) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

2C6:Germany

Address

No. 2003 Fuzhong, Third Road, CDB Financial Center, Futian District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.cdb-leasing.com

China Development Bank Financial Leasing Co Ltd is engaged in providing leasing services to customers in industries such as aviation, infrastructure, shipping, commercial vehicle, and construction machinery. The operating business segments are Aircraft Leasing, Infrastructure Leasing, Ship Leasing, Inclusive Finance, and Other Leasing businesses. The activities of the company include finance lease business, accepting lease deposits, interbank lending, an project consultancy, and providing a guarantee.

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