SBT Ultrasonic Technology Co (SHSE:688392) Construction In Progress: ¥172.9 Mil (As of Mar. 2026)


SHSE:688392 SBT Ultrasonic Technology Co Ltd SHSE:688392
86 GF Score
Price ¥207.00
GF Value ¥98.16
Valuation Significantly Overvalued
! 9 Warning Signs
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What is SBT Ultrasonic Technology Co Construction In Progress?

SBT Ultrasonic Technology Co SHSE:688392 -6.63% 86 Construction In Progress is ¥172.9 Mil as of Mar. 2026. GuruFocus rates SHSE:688392 with a GF Score™ of 86/100 and a GF Value™ of ¥98.16 (Significantly Overvalued). The stock has 9 warning signs investors should review.

SBT Ultrasonic Technology Co's quarterly construction in progress increased from Sep. 2025 (¥27.4 Mil) to Dec. 2025 (¥88.6 Mil) and increased from Dec. 2025 (¥88.6 Mil) to Mar. 2026 (¥172.9 Mil).

SBT Ultrasonic Technology Co's annual construction in progress increased from Dec. 2023 (¥1.4 Mil) to Dec. 2024 (¥3.2 Mil) and increased from Dec. 2024 (¥3.2 Mil) to Dec. 2025 (¥88.6 Mil).

SBT Ultrasonic Technology Co Construction In Progress Historical Data

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The historical data trend for SBT Ultrasonic Technology Co's Construction In Progress 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.

SBT Ultrasonic Technology Co Construction In Progress Chart

SBT Ultrasonic Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 0.00 0.25 1.41 3.19 88.55

SBT Ultrasonic Technology Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress 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 8.72 12.16 27.35 88.55 172.93
SHSE:688392
86GF Score
SBT Ultrasonic Technology Co Ltd SHSE:688392
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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SBT Ultrasonic Technology Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of ¥172.9 Mil mean?
SBT Ultrasonic Technology Co (SHSE:688392) has a Construction In Progress of ¥172.9 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on SBT Ultrasonic Technology Co and its competitors.
Is SBT Ultrasonic Technology Co's Construction In Progress too high?
SBT Ultrasonic Technology Co's current Construction In Progress is ¥172.9 Mil. Overall, SBT Ultrasonic Technology Co has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBT Ultrasonic Technology Co's Construction In Progress compare to GEV and ETN?
SBT Ultrasonic Technology Co's Construction In Progress of ¥172.9 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on SBT Ultrasonic Technology Co and its competitors. SBT Ultrasonic Technology Co's current Construction In Progress is ¥172.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBT Ultrasonic Technology Co stock overvalued right now?
Based on GuruFocus' analysis, SBT Ultrasonic Technology Co (SHSE:688392) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥98.16, compared to a current price of ¥207.00 — trading 110.9% above its estimated fair value. The current Construction In Progress is ¥172.9 Mil. SBT Ultrasonic Technology Co's overall GF Score™ is 86/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For SBT Ultrasonic Technology Co (SHSE:688392), the current Construction In Progress is ¥172.9 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SBT Ultrasonic Technology Co (SHSE:688392) Overvalued in 2026?

Based on GuruFocus' analysis, SBT Ultrasonic Technology Co stock appears to be overvalued. The current stock price of ¥207.00 is trading 110.9% above its estimated GF Value™ of ¥98.16. GuruFocus considers SBT Ultrasonic Technology Co to be Significantly Overvalued.

Key valuation signals for SHSE:688392:

  • Construction In Progress: ¥172.9 Mil
  • GF Value™: ¥98.16 vs. price of ¥207.00 (110.9% above fair value)
  • GF Score™: 86/100 with 9 warning signs

No single metric tells the full story. See the SHSE:688392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SBT Ultrasonic Technology Co Business Description

Address No. 1488, Cangyuan Road, 3rd Floor, Building 2, Minhang District, Shanghai, CHN, 200240
SBT Ultrasonic Technology Co Ltd is engaged in the research and development, design, manufacture, sales, and after-sales service of ultrasonic welding, cutting system application products, online testing, and automation products. The company's equipment is widely used in lithium batteries, wiring harnesses, 3C, semiconductor IGBT power modules, rubber tires, food, pharmaceutical, plastic packaging, and other fields.
86GF Score

Get the complete analysis for SHSE:688392

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥207.00
Price
¥98.16
GF Value