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Ares AsiaHKSE:00645 40 PB Ratio is 3.14 as of Aug. 30, 2026, which is 67% above its 10-year median of 1.88. GuruFocus rates HKSE:00645 with a GF Score™ of 40/100 and a GF Value™ of HK$0.01 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 177 Other Energy Sources companies, Ares Asia ranks worse than 76.27% on this metric.
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. As of today (2026-08-30), Ares Asia's share price is HK$0.185. Ares Asia's Book Value per Share for the quarter that ended in Mar. 2026 was HK$0.06. Hence, Ares Asia's PB Ratio of today is 3.14.
Warning Sign:
Ares Asia Ltd stock PB Ratio (=3.14) is close to 5-year high of 3.29.
The historical rank and industry rank for Ares Asia's PB Ratio or its related term are showing as below:
HKSE:00645'
s PB Ratio Range Over the Past 10 Years
Min: 0.48 Med: 1.88 Max: 6.55
Current: 3.14
During the past 13 years, Ares Asia's highest PB Ratio was 6.55. The lowest was 0.48. And the median was 1.88.
HKSE:00645's PB Ratio is ranked worse than 76.27% of 177
companies
in the Other Energy Sources industry
Industry Median: 1.51
vs HKSE:00645: 3.14
During the past 12 months, Ares Asia's average Book Value Per Share Growth Rate was -15.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -22.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -19.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -12.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ares Asia was 4.20% per year. The lowest was -29.10% per year. And the median was -11.70% per year.
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.
Ares Asia PB Ratio Related Terms
Ares Asia PB Ratio Historical Data
* Premium members only.
The historical data trend for Ares Asia'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 Thermal Coal subindustry, Ares Asia'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.
Ares Asia PB Ratio vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Ares Asia's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ares Asia'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.
Ares Asia's PB Ratio for today is calculated as follows:
* 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.
Ares Asia (HKSE:00645) has a PB Ratio of 3.14 as of Aug. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ares Asia and its competitors. This is 67% above median its historical median of 1.88. Over the past decade, Ares Asia's PB Ratio has ranged from 0.48 to 6.55. According to the industry distribution chart, Ares Asia ranks #135 out of 177 companies in the Other Energy Sources industry, placing it in the top 76.3%.
Is Ares Asia's PB Ratio too high?
Ares Asia's current PB Ratio of 3.14 is 67% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 6.55. The Other Energy Sources industry median PB Ratio is 1.51. Ares Asia's value of 3.14 is 107.9% above this industry median. Based on the distribution chart, Ares Asia ranks #135 out of 177 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Ares Asia has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ares Asia's PB Ratio compare to competitors?
According to the Other Energy Sources industry distribution chart, Ares Asia ranks #135 out of 177 companies for PB Ratio. This places Ares Asia in the lower half of its industry. The industry median PB Ratio is 1.51. Ares Asia's value of 3.14 is 107.9% above this benchmark. Historically, Ares Asia's own PB Ratio has ranged from 0.48 to 6.55 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 1.51, Ares Asia 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 an Other Energy Sources company?
The median PB Ratio among Other Energy Sources companies is 1.51, based on 177 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. Ares Asia's current PB Ratio of 3.14 is 107.9% 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 Ares Asia and its competitors. For the Other Energy Sources industry, the median PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ares Asia's current PB Ratio is 3.14, which is 67% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ares Asia stock overvalued right now?
Based on GuruFocus' analysis, Ares Asia (HKSE:00645) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.01, compared to a current price of HK$0.19 — trading 1750% above its estimated fair value. The current PB Ratio is 3.14, which is 67% above median its 10-year median of 1.88 and 107.9% above the Other Energy Sources industry median of 1.51. Ares Asia's overall GF Score™ is 40/100 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 Ares Asia (HKSE:00645), the current PB Ratio is 3.14 as of Aug. 30, 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 Ares Asia (HKSE:00645) Overvalued in 2026?
Based on GuruFocus' analysis, Ares Asia stock appears to be overvalued.
The current stock price of HK$0.19 is trading 1750% above its estimated GF Value™ of HK$0.01.
GuruFocus considers Ares Asia to be Significantly Overvalued.
Key valuation signals for HKSE:00645:
PB Ratio: 3.14 (67% above median its 10-year median of 1.88)
GF Value™: HK$0.01 vs. price of HK$0.19 (1750% above fair value)
Industry Position: 107.9% above the Other Energy Sources median (#135 of 177)
No single metric tells the full story. See the HKSE:00645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.
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