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Caihong Display Devices Co (SHSE:600707) Price-to-Tangible-Book : 1.57 (As of May. 18, 2024)


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What is Caihong Display Devices Co Price-to-Tangible-Book?

As of today (2024-05-18), Caihong Display Devices Co's share price is ¥8.17. Caihong Display Devices Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥5.21. Hence, Caihong Display Devices Co's Price to Tangible Book Ratio of today is 1.57.

The historical rank and industry rank for Caihong Display Devices Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:600707' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.73   Med: 1.36   Max: 26.88
Current: 1.57

During the past 13 years, Caihong Display Devices Co's highest Price to Tangible Book Ratio was 26.88. The lowest was 0.73. And the median was 1.36.

SHSE:600707's Price-to-Tangible-Book is ranked better than
63.35% of 2303 companies
in the Hardware industry
Industry Median: 2.07 vs SHSE:600707: 1.57

A closely related ratio is called PB Ratio. As of today, Caihong Display Devices Co's share price is ¥8.17. Caihong Display Devices Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥5.73. Hence, Caihong Display Devices Co's P/B Ratio of today is 1.43.


Caihong Display Devices Co Price-to-Tangible-Book Historical Data

The historical data trend for Caihong Display Devices 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.

Caihong Display Devices Co Price-to-Tangible-Book Chart

Caihong Display Devices Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 1.37 1.20 0.83 1.32

Caihong Display Devices Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.03 0.97 1.17 1.32 1.41

Competitive Comparison of Caihong Display Devices Co's Price-to-Tangible-Book

For the Electronic Components subindustry, Caihong Display Devices 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.


Caihong Display Devices Co's Price-to-Tangible-Book Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Caihong Display Devices Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Caihong Display Devices Co's Price-to-Tangible-Book falls into.



Caihong Display Devices Co Price-to-Tangible-Book Calculation

Caihong Display Devices Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=8.17/5.211
=1.57

* 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.

It can also be calculated from the numbers for the whole company:

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.


Caihong Display Devices Co Price-to-Tangible-Book Related Terms

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Caihong Display Devices Co (SHSE:600707) Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Caihong Road, Xianyang, Shanxi, CHN, 712021
Caihong Display Devices Co Ltd is engaged in the research and development of new energy photovoltaic glass. Its operations include construction and operation of solar power plants; production and sales of solar photovoltaic glass, tempered glass, coated glass, conductive film glass, flat glass, and vacuum glass; production and sales of solar cell chip, solar cell module, and their auxiliary products as well as silicon materials; solar photovoltaic power generation related business; and other products. The majority of its revenue comes from China.

Caihong Display Devices Co (SHSE:600707) Headlines

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