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HG Metal ManufacturingSGX:BTG +3.30%36 PB Ratio is 0.83 as of Sep. 05, 2026, which is 108% above its 10-year median of 0.40. GuruFocus rates SGX:BTG with a GF Score™ of 36/100 and a GF Value™ of S$0.19 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 608 Steel companies, HG Metal Manufacturing ranks better than 60.03% on this metric.
HG Metal Manufacturing Ltd stock PB Ratio (=0.83) is close to 10-year high of 0.92.
The historical rank and industry rank for HG Metal Manufacturing's PB Ratio or its related term are showing as below:
SGX:BTG'
s PB Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.4 Max: 0.92
Current: 0.83
During the past 13 years, HG Metal Manufacturing's highest PB Ratio was 0.92. The lowest was 0.20. And the median was 0.40.
SGX:BTG's PB Ratio is ranked better than 60.03% of 608
companies
in the Steel industry
Industry Median: 0.99
vs SGX:BTG: 0.83
During the past 12 months, HG Metal Manufacturing's average Book Value Per Share Growth Rate was 6.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HG Metal Manufacturing was 14.50% per year. The lowest was -32.70% per year. And the median was -7.65% 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.
For the Steel subindustry, HG Metal Manufacturing'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.
HG Metal Manufacturing PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, HG Metal Manufacturing's PB Ratio distribution charts can be found below:
* The bar in red indicates where HG Metal Manufacturing'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.
HG Metal Manufacturing (SGX:BTG) has a PB Ratio of 0.83 as of Sep. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HG Metal Manufacturing and its competitors. This is 108% above median its historical median of 0.40. Over the past decade, HG Metal Manufacturing's PB Ratio has ranged from 0.20 to 0.92. According to the industry distribution chart, HG Metal Manufacturing ranks #243 out of 608 companies in the Steel industry, placing it in the top 40%.
Is HG Metal Manufacturing's PB Ratio too high?
HG Metal Manufacturing's current PB Ratio of 0.83 is 108% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.92. The Steel industry median PB Ratio is 0.99. HG Metal Manufacturing's value of 0.83 is 16.2% below this industry median. Based on the distribution chart, HG Metal Manufacturing ranks #243 out of 608 companies in the Steel industry, which is above the industry midpoint. Overall, HG Metal Manufacturing has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HG Metal Manufacturing's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, HG Metal Manufacturing ranks #243 out of 608 companies for PB Ratio. This puts HG Metal Manufacturing in the upper half of its industry. The industry median PB Ratio is 0.99. HG Metal Manufacturing's value of 0.83 is 16.2% below this benchmark. Historically, HG Metal Manufacturing's own PB Ratio has ranged from 0.20 to 0.92 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.99, HG Metal Manufacturing 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 Steel company?
The median PB Ratio among Steel companies is 0.99, based on 608 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. HG Metal Manufacturing's current PB Ratio of 0.83 is 16.2% 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 HG Metal Manufacturing and its competitors. For the Steel industry, the median PB Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HG Metal Manufacturing's current PB Ratio is 0.83, which is 108% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HG Metal Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, HG Metal Manufacturing (SGX:BTG) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.19, compared to a current price of S$0.47 — trading 147.4% above its estimated fair value. The current PB Ratio is 0.83, which is 108% above median its 10-year median of 0.40 and 16.2% below the Steel industry median of 0.99. HG Metal Manufacturing's 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 HG Metal Manufacturing (SGX:BTG), the current PB Ratio is 0.83 as of Sep. 05, 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 HG Metal Manufacturing (SGX:BTG) Overvalued in 2026?
Based on GuruFocus' analysis, HG Metal Manufacturing stock appears to be overvalued.
The current stock price of S$0.47 is trading 147.4% above its estimated GF Value™ of S$0.19.
GuruFocus considers HG Metal Manufacturing to be Significantly Overvalued.
Key valuation signals for SGX:BTG:
PB Ratio: 0.83 (108% above median its 10-year median of 0.40)
GF Value™: S$0.19 vs. price of S$0.47 (147.4% above fair value)
Industry Position: 16.2% below the Steel median (#243 of 608)
No single metric tells the full story. See the SGX:BTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HG Metal Manufacturing Ltd is involved in the steel business. The Company operates through business units including HG Distribution, HG Construction Steel, HG Coupler, and Thread. Its operating segments comprise the Trading segment, the Manufacturing segment, and Others. The Trading segment supplies steel products and includes investments in subsidiaries engaged in steel distribution and the provision of industrial steel services. The Manufacturing segment produces construction steel products and provides related engineering services. The Others segment includes activities that do not fall under the Trading or Manufacturing segments. The majority of the Company's revenue is generated from the Manufacturing segment, with the maximum of its revenue derived from Singapore.
36GF Score
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