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China Railway GroupFRA:CNO -1.25%50 PB Ratio is 0.19 as of Jul. 14, 2026, which is 66% below its 10-year median of 0.56. GuruFocus rates FRA:CNO with a GF Score™ of 50/100 and a GF Value™ of €0.45 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,719 Construction companies, China Railway Group ranks better than 94.71% on this metric.
China Railway Group Ltd stock PB Ratio (=0.29) is close to 10-year low of 0.28.
The historical rank and industry rank for China Railway Group's PB Ratio or its related term are showing as below:
FRA:CNO'
s PB Ratio Range Over the Past 10 Years
Min: 0.28 Med: 0.56 Max: 1.65
Current: 0.29
During the past 13 years, China Railway Group's highest PB Ratio was 1.65. The lowest was 0.28. And the median was 0.56.
FRA:CNO's PB Ratio is ranked better than 94.71% of 1719
companies
in the Construction industry
Industry Median: 1.32
vs FRA:CNO: 0.29
During the past 12 months, China Railway Group's average Book Value Per Share Growth Rate was 3.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Railway Group was 112.20% per year. The lowest was 6.30% per year. And the median was 11.10% per year.
Back to Basics: PB Ratio
China Railway Group (FRA:CNO) 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.
China Railway Group PB Ratio Related Terms
China Railway Group PB Ratio Historical Data
* Premium members only.
The historical data trend for China Railway Group's PB Ratio 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.
For the Engineering & Construction subindustry, China Railway Group'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.
China Railway Group PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, China Railway Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where China Railway Group'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.
China Railway Group (FRA:CNO) has a PB Ratio of 0.19 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 China Railway Group and its competitors. This is 66% below median its historical median of 0.56. Over the past decade, China Railway Group's PB Ratio has ranged from 0.28 to 1.65. According to the industry distribution chart, China Railway Group ranks #91 out of 1719 companies in the Construction industry, placing it in the top 5.3%.
Is China Railway Group's PB Ratio too high?
China Railway Group's current PB Ratio of 0.19 is 66% below median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.65. The Construction industry median PB Ratio is 1.32. China Railway Group's value of 0.19 is 85.6% below this industry median. Based on the distribution chart, China Railway Group ranks #91 out of 1719 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, China Railway Group has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Railway Group's PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, China Railway Group ranks #91 out of 1719 companies for PB Ratio. This places China Railway Group in the top 5% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.32. China Railway Group's value of 0.19 is 85.6% below this benchmark. Historically, China Railway Group's own PB Ratio has ranged from 0.28 to 1.65 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 1.32, China Railway Group has consistently been below 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 Construction company?
The median PB Ratio among Construction companies is 1.32, based on 1,719 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. China Railway Group's current PB Ratio of 0.19 is 85.6% below 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 China Railway Group and its competitors. For the Construction industry, the median PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Railway Group's current PB Ratio is 0.19, which is 66% below median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Railway Group stock overvalued right now?
Based on GuruFocus' analysis, China Railway Group (FRA:CNO) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.45, compared to a current price of €0.36 — trading 19.1% below its estimated fair value. The current PB Ratio is 0.19, which is 66% below median its 10-year median of 0.56 and 85.6% below the Construction industry median of 1.32. China Railway Group's overall GF Score™ is 50/100 with 9 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 China Railway Group (FRA:CNO), the current PB Ratio is 0.19 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 China Railway Group (FRA:CNO) Overvalued in 2026?
Based on GuruFocus' analysis, China Railway Group stock appears to be undervalued.
The current stock price of €0.36 is trading 19.1% below its estimated GF Value™ of €0.45.
GuruFocus considers China Railway Group to be Modestly Undervalued.
Key valuation signals for FRA:CNO:
PB Ratio: 0.19 (66% below median its 10-year median of 0.56)
GF Value™: €0.45 vs. price of €0.36 (19.1% below fair value)
Industry Position: 85.6% below the Construction median (#91 of 1719)
No single metric tells the full story. See the FRA:CNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Railway Group Ltd is a construction conglomerate company. The company's operating segment includes Infrastructure construction; Survey, design and consulting services; Engineering equipment and component manufacturing; Property development, and Other businesses. It generates maximum revenue from the Infrastructure construction segment. The Infrastructure construction segment includes the construction of railways, highways, bridges, tunnels, metropolitan railways (including subways and light railways), buildings, irrigation works, hydroelectricity projects, ports, docks, airports, and other municipal works.
50GF Score
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