Price to Book is defined as:
Price/Book = Market Cap / Common Equity
Applying this formula, Xinming China’s Price/Book is calculated below:
Market Capitalization [ ¥22.74 M ]
(/) Common Equity [ -¥3.091 B ]
(=) Price/Book [ 0.0x ]
Price / Book (P/B) also known as the price-to-book ratio, or P/B ratio, is a financial ratio that compares a company’s current market cap to its book value. It is the inverse of Book to Market and the same as Market Cap / Book Value.
The tables below summarizes the trend in Xinming China’s price/book over the last five years:
| Date |
Market Cap |
Book Value |
Price/Book |
| 2019-12-31 |
1.964 B |
1.885 B |
1.0 |
| 2020-12-31 |
145.5 M |
884.5 M |
0.2 |
| 2021-12-31 |
58.188 M |
20.518 M |
2.8 |
| 2022-12-31 |
NA |
-2.23 B |
NA |
| 2023-12-31 |
NA |
-2.756 B |
NA |
Click the link below to download a spreadsheet with an example Price/Book calculation for Xinming China Holdings Ltd below: