Chongqing Gas Group (SHSE:600917) Price-to-Tangible-Book : 1.97 (As of May. 27, 2024)

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What is Chongqing Gas Group Price-to-Tangible-Book?

As of today (2024-05-27), Chongqing Gas Group's share price is ¥6.12. Chongqing Gas Group's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥3.11. Hence, Chongqing Gas Group's Price to Tangible Book Ratio of today is 1.97.

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

SHSE:600917' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.95 Med: 3.11 Max: 7.52
Current: 1.97

During the past 13 years, Chongqing Gas Group's highest Price to Tangible Book Ratio was 7.52. The lowest was 1.95. And the median was 3.11.

SHSE:600917's Price-to-Tangible-Book is ranked worse than
57.87% of 470 companies
in the Utilities - Regulated industry
Industry Median: 1.78 vs SHSE:600917: 1.97

A closely related ratio is called PB Ratio. As of today, Chongqing Gas Group's share price is ¥6.12. Chongqing Gas Group's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥3.40. Hence, Chongqing Gas Group's P/B Ratio of today is 1.80.

Chongqing Gas Group Price-to-Tangible-Book Historical Data

The historical data trend for Chongqing Gas 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.

Chongqing Gas Group Price-to-Tangible-Book Chart

Chongqing Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.99

2.68

3.05

2.72

2.05

Chongqing Gas Group 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															2.64	2.37	2.35	2.05	1.98

Competitive Comparison of Chongqing Gas Group's Price-to-Tangible-Book

For the Utilities - Regulated Gas subindustry, Chongqing Gas 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.

Chongqing Gas Group's Price-to-Tangible-Book Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Chongqing Gas Group's Price-to-Tangible-Book distribution charts can be found below:

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

Chongqing Gas Group Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	6.12	/	3.112
	=	1.97

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.

Chongqing Gas Group Price-to-Tangible-Book Related Terms

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

Chongqing Gas Group (SHSE:600917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Chongqing Gas Group Corporation Ltd (SHSE:600917) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

Jiangbei District Court, a small village on the 30th, Chongqing, CHN, 400020

Website

http://www.cqgas.cn

Chongqing Gas Group Corporation Ltd engages in the design, manufacture, installation, maintenance, sale, management, and technical consultation of gas supply and pipe network in China. It also supplies, transport, storage, distributes, and sale gas. The company engages in the supply of heating, cooling, and cogeneration; pipe anti-corrosion processing; and gas appliance sales and other business operations.

Executives

Wang Song Qiu	Director
Li Jin Yan	senior management
Fu Xiu Ping	senior management
Wu Can Guang	Director
Jiang Ying Hui	senior management
Wang Ji Wu	Director
Wen Xiao Song	senior management

Chongqing Gas Group (SHSE:600917) Headlines

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