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Beijing Enterprises Clean Price/Book

What is the Price/Book of Beijing Enterprises Clean?

The Price/Book of Beijing Enterprises Clean Energy Group Limited is 0.21

What is the definition of Price/Book?



Price to book ratio represents the ratio between a company’s stock value and the book value per share.

mrq (most recent quarter)

The price to book ratio, or P/B ratio, is a financial ratio used to compare a company's current market price to its book value. It is also sometimes known as a market to book ratio or price to equity ratio. The calculation of a price to book ratio can be performed in two ways. It can be calculated as the company's market capitalization divided by the company's total book value from its balance sheet. It can also be calculated using per-share values and dividing a company's current share price by the book value per share (i.e. its book value divided by the number of outstanding shares).

The P/B ratio varies between industries. The industries that require more infrastructure capital (for each dollar of profit) will usually trade at P/B ratios much lower than, for example, consulting firms. P/B ratios are commonly used to compare banks, because most assets and liabilities of banks are constantly valued at market values. A higher P/B ratio implies that investors expect management to create more value from a given set of assets, all else equal (and/or that the market value of the firm's assets is significantly higher than their accounting value).

P/B ratios do not, however, directly provide any information on the ability of the firm to generate profits or cash for shareholders. This ratio also gives some idea of whether an investor is paying too much for what would be left if the company went bankrupt immediately. For companies in distress, the book value is usually calculated without the intangible assets that would have no resale value. In such cases, P/B should also be calculated on a "diluted" basis, because stock options may well vest on sale of the company or change of control or firing of management.

Price/Book of companies in the Utilities sector on HKSE compared to Beijing Enterprises Clean

What does Beijing Enterprises Clean do?

Beijing Enterprises Clean Energy Group Limited engages in the investment, development, construction, operation, and management of photovoltaic power business in Mainland China. The company develops and constructs distributed photovoltaic power stations; and provides engineering, procurement, construction, and technical consultancy services for photovoltaic and wind power-related projects, and clean heat supply services, which include the production of heat through natural gas, electricity, geothermal energy, biomass energy, photovoltaic power, industrial excess heat energy, clean coal energy, river water source, etc., as well as trades in equipment related to photovoltaic power business. It also engages in the infrastructure development and operation of wind power plants and clean energy projects, as well as in the property investment business. The company was formerly known as Jin Cai Holdings Company Limited and changed its name to Beijing Enterprises Clean Energy Group Limited in June 2015. Beijing Enterprises Clean Energy Group Limited was founded in 2000 and is headquartered in Wanchai, Hong Kong.

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