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.
What is Horizon Construction Development PB Ratio?
Horizon Construction DevelopmentHRZCF 82 PB Ratio is 2.54 as of Aug. 26, 2026, which is 606% above its 10-year median of 0.36. GuruFocus rates HRZCF with a GF Score™ of 82/100 and a GF Value™ of $2.08. The stock has 9 warning signs investors should review. Among 1,044 Business Services companies, Horizon Construction Development ranks better than 98.85% on this metric.
HRZCF'
s PB Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.36 Max: 1.97
Current: 0.19
During the past 6 years, Horizon Construction Development's highest PB Ratio was 1.97. The lowest was 0.17. And the median was 0.36.
HRZCF's PB Ratio is ranked better than 98.85% of 1044
companies
in the Business Services industry
Industry Median: 1.67
vs HRZCF: 0.19
During the past 12 months, Horizon Construction Development's average Book Value Per Share Growth Rate was 3.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 16.80% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Horizon Construction Development was 23.30% per year. The lowest was 18.50% per year. And the median was 18.90% 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.
Horizon Construction Development PB Ratio Related Terms
Horizon Construction Development PB Ratio 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.
For the Rental & Leasing Services subindustry, Horizon Construction Development'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.
Horizon Construction Development PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Horizon Construction Development's PB Ratio distribution charts can be found below:
* The bar in red indicates where Horizon Construction Development's PB Ratio falls into.
Horizon Construction Development PB Ratio Calculation
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.
Horizon Construction Development (HRZCF) has a PB Ratio of 2.54 as of Aug. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Horizon Construction Development and its competitors. This is 606% above median its historical median of 0.36. Over the past decade, Horizon Construction Development's PB Ratio has ranged from 0.17 to 1.97. According to the industry distribution chart, Horizon Construction Development ranks #12 out of 1044 companies in the Business Services industry, placing it in the top 1.1%.
Is Horizon Construction Development's PB Ratio too high?
Horizon Construction Development's current PB Ratio of 2.54 is 606% above median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 1.97. The Business Services industry median PB Ratio is 1.67. Horizon Construction Development's value of 2.54 is 52.1% above this industry median. Based on the distribution chart, Horizon Construction Development ranks #12 out of 1044 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Horizon Construction Development has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Horizon Construction Development's PB Ratio compare to URI and SUNB?
According to the Business Services industry distribution chart, Horizon Construction Development ranks #12 out of 1044 companies for PB Ratio. This places Horizon Construction Development in the top 1% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.67. Horizon Construction Development's value of 2.54 is 52.1% above this benchmark. Historically, Horizon Construction Development's own PB Ratio has ranged from 0.17 to 1.97 over the past decade. While the company's 10-year median is 0.36 vs. the industry median of 1.67, Horizon Construction Development 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 1.67, based on 1,044 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. Horizon Construction Development's current PB Ratio of 2.54 is 52.1% 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 Horizon Construction Development and its competitors. For the Business Services industry, the median PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Construction Development's current PB Ratio is 2.54, which is 606% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Construction Development stock overvalued right now?
Horizon Construction Development (HRZCF) has a current PB Ratio of 2.54. The stock's GF Value™ is $2.08, compared to a current price of $1.30 — trading 37.5% below its estimated fair value. The current PB Ratio is 2.54, which is 606% above median its 10-year median of 0.36 and 52.1% above the Business Services industry median of 1.67. Horizon Construction Development's overall GF Score™ is 82/100 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 Horizon Construction Development (HRZCF), the current PB Ratio is 2.54 as of Aug. 26, 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 Horizon Construction Development (HRZCF) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Construction Development stock appears to be undervalued.
The current stock price of $1.30 is trading 37.5% below its estimated GF Value™ of $2.08.
Key valuation signals for HRZCF:
PB Ratio: 2.54 (606% above median its 10-year median of 0.36)
GF Value™: $2.08 vs. price of $1.30 (37.5% below fair value)
Industry Position: 52.1% above the Business Services median (#12 of 1044)
No single metric tells the full story. See the HRZCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Construction Development Ltd is an equipment operation service provider. The Group is committed to providing one-stop comprehensive solutions of products and services for domestic and overseas clients in the construction and industrial sectors. The company has three reportable operating segments, Operating lease services, Engineering and technical services, and Asset management and other services. A majority of its revenue is generated from the Operating lease services segment that includes aerial work platform, neo-excavation support system, neo-formwork system and other equipment.
82GF Score
Get the complete analysis for HRZCF
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
HRZCF has been successfully added to your 
