Greentown Service Group Co (HKSE:02869) Price-to-Tangible-Book : 2.17 (As of May. 21, 2024)

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What is Greentown Service Group Co Price-to-Tangible-Book?

As of today (2024-05-21), Greentown Service Group Co's share price is HK$4.50. Greentown Service Group Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$2.08. Hence, Greentown Service Group Co's Price to Tangible Book Ratio of today is 2.17.

The historical rank and industry rank for Greentown Service Group Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:02869' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.4 Med: 4 Max: 9.9
Current: 2.16

During the past 11 years, Greentown Service Group Co's highest Price to Tangible Book Ratio was 9.90. The lowest was 1.40. And the median was 4.00.

HKSE:02869's Price-to-Tangible-Book is ranked worse than
81.62% of 1725 companies
in the Real Estate industry
Industry Median: 0.84 vs HKSE:02869: 2.16

A closely related ratio is called PB Ratio. As of today, Greentown Service Group Co's share price is HK$4.50. Greentown Service Group Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$2.54. Hence, Greentown Service Group Co's P/B Ratio of today is 1.77.

Greentown Service Group Co Price-to-Tangible-Book Historical Data

The historical data trend for Greentown Service Group 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.

Greentown Service Group Co Price-to-Tangible-Book Chart

Greentown Service Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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9.90

4.21

3.12

2.56

1.40

Greentown Service Group 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															3.12	4.24	2.56	1.79	1.40

Competitive Comparison of Greentown Service Group Co's Price-to-Tangible-Book

For the Real Estate Services subindustry, Greentown Service Group 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.

Greentown Service Group Co's Price-to-Tangible-Book Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Greentown Service Group Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Greentown Service Group Co's Price-to-Tangible-Book falls into.

Greentown Service Group Co Price-to-Tangible-Book Calculation

Greentown Service Group 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 )
	=	4.50	/	2.076
	=	2.17

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.

Greentown Service Group Co Price-to-Tangible-Book Related Terms

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

Greentown Service Group Co (HKSE:02869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Service Group Co Ltd (HKSE:02869) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

No.767 West Wenyi Road, Block B, Xixi International Business Center, Zhejiang Province, Hangzhou, CHN

Website

https://www.lvchengfuwu.com

Greentown Service Group, or GSG, is the sister company of property developer Greentown China. GSG is one of the first China property management firms listed in Hong Kong since July 2016. Headquartered in Hangzhou, GSG is a leading service provider in the Yangtze River Delta focusing on high-end residential properties, with core property management contributing to more than 60% of GSG's revenue. Other key earnings contributors include community value added services and project consultancy services to developers. The founding shareholders, who also control Greentown China, collectively own over a 40% stake in GSG in 2022. China property developer Longfor Group holds around 9% equity interest in GSG.

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