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Million Cities HoldingsHKSE:02892 36 PB Ratio is 0.76 as of Sep. 08, 2026, which is 41% above its 10-year median of 0.54. GuruFocus rates HKSE:02892 with a GF Score™ of 36/100 and a GF Value™ of HK$0.05 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,719 Real Estate companies, Million Cities Holdings ranks better than 53.69% on this metric.
The historical rank and industry rank for Million Cities Holdings's PB Ratio or its related term are showing as below:
HKSE:02892'
s PB Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.54 Max: 4.48
Current: 0.76
During the past 11 years, Million Cities Holdings's highest PB Ratio was 4.48. The lowest was 0.20. And the median was 0.54.
HKSE:02892's PB Ratio is ranked better than 53.69% of 1719
companies
in the Real Estate industry
Industry Median: 0.83
vs HKSE:02892: 0.76
During the past 12 months, Million Cities Holdings's average Book Value Per Share Growth Rate was -0.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -22.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -15.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 21.70% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Million Cities Holdings was 124.00% per year. The lowest was -23.10% per year. And the median was 13.40% 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.
* 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.
Million Cities Holdings PB Ratio Competitor Comparison
For the Real Estate - Development subindustry, Million Cities Holdings'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.
Million Cities Holdings PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Million Cities Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Million Cities Holdings'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.
Million Cities Holdings (HKSE:02892) has a PB Ratio of 0.76 as of Sep. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Million Cities Holdings and its competitors. This is 41% above median its historical median of 0.54. Over the past decade, Million Cities Holdings' PB Ratio has ranged from 0.20 to 4.48. According to the industry distribution chart, Million Cities Holdings ranks #796 out of 1719 companies in the Real Estate industry, placing it in the top 46.3%.
Is Million Cities Holdings' PB Ratio too high?
Million Cities Holdings' current PB Ratio of 0.76 is 41% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 4.48. The Real Estate industry median PB Ratio is 0.83. Million Cities Holdings' value of 0.76 is 8.4% below this industry median. Based on the distribution chart, Million Cities Holdings ranks #796 out of 1719 companies in the Real Estate industry, which is above the industry midpoint. Overall, Million Cities Holdings has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Million Cities Holdings' PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, Million Cities Holdings ranks #796 out of 1719 companies for PB Ratio. This puts Million Cities Holdings in the upper half of its industry. The industry median PB Ratio is 0.83. Million Cities Holdings' value of 0.76 is 8.4% below this benchmark. Historically, Million Cities Holdings' own PB Ratio has ranged from 0.20 to 4.48 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 0.83, Million Cities Holdings 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.83, 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. Million Cities Holdings's current PB Ratio of 0.76 is 8.4% 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 Million Cities Holdings and its competitors. For the Real Estate industry, the median PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Million Cities Holdings's current PB Ratio is 0.76, which is 41% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Million Cities Holdings stock overvalued right now?
Based on GuruFocus' analysis, Million Cities Holdings (HKSE:02892) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.62 — trading 1130% above its estimated fair value. The current PB Ratio is 0.76, which is 41% above median its 10-year median of 0.54 and 8.4% below the Real Estate industry median of 0.83. Million Cities Holdings' overall GF Score™ is 36/100 with 3 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 Million Cities Holdings (HKSE:02892), the current PB Ratio is 0.76 as of Sep. 08, 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 Million Cities Holdings (HKSE:02892) Overvalued in 2026?
Based on GuruFocus' analysis, Million Cities Holdings stock appears to be overvalued.
The current stock price of HK$0.62 is trading 1130% above its estimated GF Value™ of HK$0.05.
GuruFocus considers Million Cities Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02892:
PB Ratio: 0.76 (41% above median its 10-year median of 0.54)
GF Value™: HK$0.05 vs. price of HK$0.62 (1130% above fair value)
Industry Position: 8.4% below the Real Estate median (#796 of 1719)
No single metric tells the full story. See the HKSE:02892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Million Cities Holdings Ltd is an investment holding company engaged in property development. The company generates revenues from the sales of properties and gross rentals from properties. It derives all of its revenues from China.
36GF Score
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