Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
HiTech Group AustraliaASX:HIT +2.17%77 PB Ratio is 3.46 as of Jul. 14, 2026, which is 53% below its 10-year median of 7.29. GuruFocus rates ASX:HIT with a GF Score™ of 77/100 and a GF Value™ of A$1.89 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,048 Business Services companies, HiTech Group Australia ranks worse than 77.96% on this metric.
HiTech Group Australia Ltd stock PB Ratio (=3.42) is close to 5-year low of 3.17.
The historical rank and industry rank for HiTech Group Australia's PB Ratio or its related term are showing as below:
ASX:HIT'
s PB Ratio Range Over the Past 10 Years
Min: 2.16 Med: 7.29 Max: 14.81
Current: 3.45
During the past 13 years, HiTech Group Australia's highest PB Ratio was 14.81. The lowest was 2.16. And the median was 7.29.
ASX:HIT's PB Ratio is ranked worse than 77.96% of 1048
companies
in the Business Services industry
Industry Median: 1.66
vs ASX:HIT: 3.45
During the past 12 months, HiTech Group Australia's average Book Value Per Share Growth Rate was 7.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HiTech Group Australia was 26.00% per year. The lowest was -21.40% per year. And the median was 3.20% per year.
Back to Basics: PB Ratio
HiTech Group Australia (ASX:HIT) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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.
For the Staffing & Employment Services subindustry, HiTech Group Australia's PB Ratio, along with its competitors' market caps and PB Ratio 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.
HiTech Group Australia PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, HiTech Group Australia's PB Ratio distribution charts can be found below:
* The bar in red indicates where HiTech Group Australia's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
HiTech Group Australia (ASX:HIT) has a PB Ratio of 3.46 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HiTech Group Australia and its competitors. This is 53% below median its historical median of 7.29. Over the past decade, HiTech Group Australia's PB Ratio has ranged from 2.16 to 14.81. According to the industry distribution chart, HiTech Group Australia ranks #817 out of 1048 companies in the Business Services industry, placing it in the top 78%.
Is HiTech Group Australia's PB Ratio too high?
HiTech Group Australia's current PB Ratio of 3.46 is 53% below median its 10-year median of 7.29. Over the past 10 years, this metric has ranged from a low of 2.16 to a high of 14.81. The Business Services industry median PB Ratio is 1.66. HiTech Group Australia's value of 3.46 is 108.4% above this industry median. Based on the distribution chart, HiTech Group Australia ranks #817 out of 1048 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, HiTech Group Australia has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HiTech Group Australia's PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, HiTech Group Australia ranks #817 out of 1048 companies for PB Ratio. This places HiTech Group Australia in the lower half of its industry. The industry median PB Ratio is 1.66. HiTech Group Australia's value of 3.46 is 108.4% above this benchmark. Historically, HiTech Group Australia's own PB Ratio has ranged from 2.16 to 14.81 over the past decade. While the company's 10-year median is 7.29 vs. the industry median of 1.66, HiTech Group Australia has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Business Services company?
The median PB Ratio among Business Services companies is 1.66, based on 1,048 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HiTech Group Australia's current PB Ratio of 3.46 is 108.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HiTech Group Australia and its competitors. For the Business Services industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HiTech Group Australia's current PB Ratio is 3.46, which is 53% below median its own 10-year median of 7.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HiTech Group Australia stock overvalued right now?
Based on GuruFocus' analysis, HiTech Group Australia (ASX:HIT) is currently considered Possible Value Trap. The stock's GF Value™ is A$1.89, compared to a current price of A$0.94 — trading 50.3% below its estimated fair value. The current PB Ratio is 3.46, which is 53% below median its 10-year median of 7.29 and 108.4% above the Business Services industry median of 1.66. HiTech Group Australia's overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For HiTech Group Australia (ASX:HIT), the current PB Ratio is 3.46 as of Jul. 14, 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 HiTech Group Australia (ASX:HIT) Overvalued in 2026?
Based on GuruFocus' analysis, HiTech Group Australia stock appears to be undervalued.
The current stock price of A$0.94 is trading 50.3% below its estimated GF Value™ of A$1.89.
GuruFocus considers HiTech Group Australia to be Possible Value Trap.
Key valuation signals for ASX:HIT:
PB Ratio: 3.46 (53% below median its 10-year median of 7.29)
GF Value™: A$1.89 vs. price of A$0.94 (50.3% below fair value)
Industry Position: 108.4% above the Business Services median (#817 of 1048)
No single metric tells the full story. See the ASX:HIT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HiTech Group Australia Ltd is engaged in recruitment services for permanent and contract staff to the ICT sector. It currently supplies permanent and contract staff from its database of over specialised ICT, Finance, and Office Support professionals. Its main business comes from IT contracting/consulting.
77GF Score
Get the complete analysis for ASX:HIT
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:HIT has been successfully added to your 
