GreenTree Hospitality Group Ltd., through its subsidiaries, develops leased-and-operated, and franchised-and-managed hotels under the GreenTree brand in the People's Republic of China. As of December 31, 2021, it operated 66 leased-and-operated hotels with 7,064 rooms; and had franchised-and-managed hotels network consisting of 4,593 hotels with 330,089 rooms covering 367 cities in China, and an additional 1,225 hotels with 91,887 rooms that were contracted for or under development. The company was founded in 2004 and is headquartered in Shanghai, the People's Republic of China. GreenTree Hospitality Group Ltd. is a subsidiary of GreenTree Inns Hotel Management Group, Inc.
P/B ratio for GreenTree Hospitality Group Ltd. (GHG)
P/B ratio as of 2023: 1.89
According to GreenTree Hospitality Group Ltd.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 1.89. At the end of 2022 the company had a P/B ratio of 1.82.
P/B ratio history for GreenTree Hospitality Group Ltd. from 2015 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 1.89 |
| 2022 | 1.82 |
| 2021 | 2.66 |
| 2020 | 4.28 |
| 2019 | 4.35 |
| 2018 | 4.77 |
| 2017 | 14.74 |
| 2016 | 17.86 |
| 2015 | 22.07 |