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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hong Kong Gold Industry GroupHKSE:02623 +1.25%33 Median PS Value is HK$0.15 as of Aug. 18, 2026, which is 100% below its 10-year median of 0.22. GuruFocus rates HKSE:02623 with a GF Score™ of 33/100 and a GF Value™ of HK$0.07 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 395 Metals & Mining companies, Hong Kong Gold Industry Group ranks worse than 99.24% on this metric.
This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for Hong Kong Gold Industry Group's Median PS Value or its related term are showing as below:
HKSE:02623'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.08 Med: 0.22 Max: 27.04
Current: 27.03
During the past 13 years, the highest Price to Median PS Value of Hong Kong Gold Industry Group was 27.04. The lowest was 0.08. And the median was 0.22.
HKSE:02623's Price-to-Median-PS-Value is ranked worse than 99.24% of 395
companies
in the Metals & Mining industry
Industry Median: 1.31
vs HKSE:02623: 27.03
Hong Kong Gold Industry Group (HKSE:02623) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Hong Kong Gold Industry Group's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
4.055
/
0.15
=
27.03
* 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.
Hong Kong Gold Industry Group Median PS Value Related Terms
Hong Kong Gold Industry Group Median PS Value Historical Data
* 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.
Hong Kong Gold Industry Group Median PS Value Chart
Hong Kong Gold Industry Group Median PS Value Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Hong Kong Gold Industry Group's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Hong Kong Gold Industry Group Price-to-Median-PS-Value vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hong Kong Gold Industry Group's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Hong Kong Gold Industry Group's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 0.7538.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Hong Kong Gold Industry Group's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was HK$0.199.
* 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.
Hong Kong Gold Industry Group (HKSE:02623) has a Median PS Value of HK$0.15 as of Aug. 18, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Hong Kong Gold Industry Group and its competitors. This is 32% below median its historical median of 0.22. Over the past decade, Hong Kong Gold Industry Group's Median PS Value has ranged from 0.08 to 27.04. According to the industry distribution chart, Hong Kong Gold Industry Group ranks #392 out of 395 companies in the Metals & Mining industry, placing it in the top 99.2%.
Is Hong Kong Gold Industry Group's Median PS Value too high?
Hong Kong Gold Industry Group's current Median PS Value of HK$0.15 is 32% below median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 27.04. Based on the distribution chart, Hong Kong Gold Industry Group ranks #392 out of 395 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Hong Kong Gold Industry Group has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Gold Industry Group's Median PS Value compare to competitors?
According to the Metals & Mining industry distribution chart, Hong Kong Gold Industry Group ranks #392 out of 395 companies for Median PS Value. This places Hong Kong Gold Industry Group in the lower half of its industry. The industry median Median PS Value is 1.31. Historically, Hong Kong Gold Industry Group's own Median PS Value has ranged from 0.08 to 27.04 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a Metals & Mining company?
The median Median PS Value among Metals & Mining companies is 1.31, based on 395 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value 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 Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on Hong Kong Gold Industry Group and its competitors. For the Metals & Mining industry, the median Median PS Value is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Kong Gold Industry Group's current Median PS Value is HK$0.15, which is 32% below median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Gold Industry Group stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Gold Industry Group (HKSE:02623) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$4.06 — trading 5692.9% above its estimated fair value. The current Median PS Value is HK$0.15, which is 32% below median its 10-year median of 0.22. Hong Kong Gold Industry Group's overall GF Score™ is 33/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For Hong Kong Gold Industry Group (HKSE:02623), the current Median PS Value is HK$0.15 as of Aug. 18, 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 Hong Kong Gold Industry Group (HKSE:02623) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong Gold Industry Group stock appears to be overvalued.
The current stock price of HK$4.06 is trading 5692.9% above its estimated GF Value™ of HK$0.07.
GuruFocus considers Hong Kong Gold Industry Group to be Significantly Overvalued.
Key valuation signals for HKSE:02623:
Median PS Value: HK$0.15 (32% below median its 10-year median of 0.22)
GF Value™: HK$0.07 vs. price of HK$4.06 (5692.9% above fair value)
No single metric tells the full story. See the HKSE:02623 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Kong Gold Industry Group Ltd, formerly known as Add New Energy Investment Holdings Group Ltd, is an investment holding company. The company and its subsidiaries are principally engaged in iron ore processing, and selling of iron concentrates and other minerals in the People's Republic of China. Its mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Qinjiazhuang Ilmenite, Gaozhuang Shangyu Ilmenite and Luxing Titanium Mine. The businesses of the Group are classified into mining and ore processing, and trading of minerals, which are its two reportable segments. The majority of the company's revenue is derived from the Trading of minerals segment. Geographically, all the revenue of the Group is derived in the PRC.
33GF Score
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