Hongli Group (Hongli Group) Price-to-Tangible-Book : 1.38 (As of May. 12, 2024)

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What is Hongli Group Price-to-Tangible-Book?

As of today (2024-05-12), Hongli Group's share price is $1.85. Hongli Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.34. Hence, Hongli Group's Price to Tangible Book Ratio of today is 1.38.

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

HLP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.25 Med: 1.25 Max: 1.38
Current: 1.38

During the past 5 years, Hongli Group's highest Price to Tangible Book Ratio was 1.38. The lowest was 1.25. And the median was 1.25.

HLP's Price-to-Tangible-Book is ranked worse than
59.3% of 602 companies
in the Steel industry
Industry Median: 1.04 vs HLP: 1.38

A closely related ratio is called PB Ratio. As of today, Hongli Group's share price is $1.85. Hongli Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.73. Hence, Hongli Group's P/B Ratio of today is 1.07.

Hongli Group Price-to-Tangible-Book Historical Data

The historical data trend for Hongli Group'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.

Hongli Group Price-to-Tangible-Book Chart

Hongli Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.25

Hongli Group Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial				-	-	-	2.09	1.25

Competitive Comparison of Hongli Group's Price-to-Tangible-Book

For the Steel subindustry, Hongli Group'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.

Hongli Group's Price-to-Tangible-Book Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hongli Group's Price-to-Tangible-Book distribution charts can be found below:

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

Hongli Group Price-to-Tangible-Book Calculation

Hongli Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.85	/	1.344
	=	1.38

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.

Hongli Group Price-to-Tangible-Book Related Terms

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

Hongli Group (Hongli Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hongli Group Inc (NAS:HLP) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beisanli Street, Economic Development Zone, Changle County, Weifang, Shandong, CHN, 262400

Website

https://www.hlyxgg.com

Hongli Group Inc is a cold roll formed steel profile manufacturer in China. It customizes and manufactures cold roll formed steel profiles for machinery and equipment in a variety of sectors, including but not limited to mining and excavation, construction, agriculture and transportation.

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