China Gas Industry Investment Holdings Co (HKSE:01940) Price-to-Tangible-Book : 0.35 (As of May. 22, 2024)

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What is China Gas Industry Investment Holdings Co Price-to-Tangible-Book?

As of today (2024-05-22), China Gas Industry Investment Holdings Co's share price is HK$0.475. China Gas Industry Investment Holdings Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$1.34. Hence, China Gas Industry Investment Holdings Co's Price to Tangible Book Ratio of today is 0.35.

The historical rank and industry rank for China Gas Industry Investment Holdings Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:01940' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.35 Med: 0.96 Max: 3.02
Current: 0.35

During the past 7 years, China Gas Industry Investment Holdings Co's highest Price to Tangible Book Ratio was 3.02. The lowest was 0.35. And the median was 0.96.

HKSE:01940's Price-to-Tangible-Book is ranked better than
94.48% of 471 companies
in the Utilities - Regulated industry
Industry Median: 1.8 vs HKSE:01940: 0.35

A closely related ratio is called PB Ratio. As of today, China Gas Industry Investment Holdings Co's share price is HK$0.475. China Gas Industry Investment Holdings Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$1.38. Hence, China Gas Industry Investment Holdings Co's P/B Ratio of today is 0.34.

China Gas Industry Investment Holdings Co Price-to-Tangible-Book Historical Data

The historical data trend for China Gas Industry Investment Holdings 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 Gas Industry Investment Holdings Co Price-to-Tangible-Book Chart

China Gas Industry Investment Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.41

3.02

0.37

0.51

China Gas Industry Investment Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial							3.02	2.97	0.37	0.30	0.51

Competitive Comparison of China Gas Industry Investment Holdings Co's Price-to-Tangible-Book

For the Utilities - Regulated Gas subindustry, China Gas Industry Investment Holdings 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 Gas Industry Investment Holdings Co's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Gas Industry Investment Holdings Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where China Gas Industry Investment Holdings Co's Price-to-Tangible-Book falls into.

China Gas Industry Investment Holdings Co Price-to-Tangible-Book Calculation

China Gas Industry Investment Holdings 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 )
	=	0.475	/	1.343
	=	0.35

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 Gas Industry Investment Holdings Co Price-to-Tangible-Book Related Terms

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China Gas Industry Investment Holdings Co (HKSE:01940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Gas Industry Investment Holdings Co Ltd (HKSE:01940) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Binhe Road, Lubei District, Hebei Province, Tangshan, CHN

Website

https://www.cgiiholdings.com

China Gas Industry Investment Holdings Co Ltd is an industrial gas supplier in the Jing-Jin-Ji Region. It is focused on the supply of pipeline industrial gas and liquefied industrial gas and also operates an LNG-related business which includes the supply of LNG and provision of gas transmission service relatively small scale. The company produces and supplies liquefied industrial gas to offsite independent end-user customers. Its segments include the Supply of industrial gas; Liquefied natural gas (LNG) and gas transmission service.

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