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.
SAIC MotorSHSE:600104 +1.52%64 PB Ratio is 0.43 as of Jul. 31, 2026, which is 51% below its 10-year median of 0.87. GuruFocus rates SHSE:600104 with a GF Score™ of 64/100 and a GF Value™ of ¥13.97 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,294 Vehicles & Parts companies, SAIC Motor ranks better than 84.47% 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 (2026-07-31), SAIC Motor's share price is ¥11.32. SAIC Motor's Book Value per Share for the quarter that ended in Mar. 2026 was ¥26.14. Hence, SAIC Motor's PB Ratio of today is 0.43.
Good Sign:
SAIC Motor Corp Ltd stock PB Ratio (=0.4) is close to 10-year low of 0.37.
The historical rank and industry rank for SAIC Motor's PB Ratio or its related term are showing as below:
SHSE:600104'
s PB Ratio Range Over the Past 10 Years
Min: 0.37 Med: 0.87 Max: 1.91
Current: 0.43
During the past 13 years, SAIC Motor's highest PB Ratio was 1.91. The lowest was 0.37. And the median was 0.87.
SHSE:600104's PB Ratio is ranked better than 84.47% of 1294
companies
in the Vehicles & Parts industry
Industry Median: 1.39
vs SHSE:600104: 0.43
During the past 12 months, SAIC Motor's average Book Value Per Share Growth Rate was 3.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of SAIC Motor was 86.30% per year. The lowest was 2.00% per year. And the median was 12.70% 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.
SAIC Motor PB Ratio Related Terms
SAIC Motor PB Ratio Historical Data
* Premium members only.
The historical data trend for SAIC Motor'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 Auto Manufacturers subindustry, SAIC Motor'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.
SAIC Motor PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SAIC Motor's PB Ratio distribution charts can be found below:
* The bar in red indicates where SAIC Motor'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.
SAIC Motor'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.
SAIC Motor (SHSE:600104) has a PB Ratio of 0.43 as of Jul. 31, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on SAIC Motor and its competitors. This is 51% below median its historical median of 0.87. Over the past decade, SAIC Motor's PB Ratio has ranged from 0.37 to 1.91. According to the industry distribution chart, SAIC Motor ranks #201 out of 1294 companies in the Vehicles & Parts industry, placing it in the top 15.5%.
Is SAIC Motor's PB Ratio too high?
SAIC Motor's current PB Ratio of 0.43 is 51% below median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.91. The Vehicles & Parts industry median PB Ratio is 1.39. SAIC Motor's value of 0.43 is 69.1% below this industry median. Based on the distribution chart, SAIC Motor ranks #201 out of 1294 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, SAIC Motor has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAIC Motor's PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, SAIC Motor ranks #201 out of 1294 companies for PB Ratio. This places SAIC Motor in the top 16% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.39. SAIC Motor's value of 0.43 is 69.1% below this benchmark. Historically, SAIC Motor's own PB Ratio has ranged from 0.37 to 1.91 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 1.39, SAIC Motor 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 Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.39, based on 1,294 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. SAIC Motor's current PB Ratio of 0.43 is 69.1% 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 SAIC Motor and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAIC Motor's current PB Ratio is 0.43, which is 51% below median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAIC Motor stock overvalued right now?
Based on GuruFocus' analysis, SAIC Motor (SHSE:600104) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.97, compared to a current price of ¥11.32 — trading 19% below its estimated fair value. The current PB Ratio is 0.43, which is 51% below median its 10-year median of 0.87 and 69.1% below the Vehicles & Parts industry median of 1.39. SAIC Motor's overall GF Score™ is 64/100 with 4 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 SAIC Motor (SHSE:600104), the current PB Ratio is 0.43 as of Jul. 31, 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 SAIC Motor (SHSE:600104) Overvalued in 2026?
Based on GuruFocus' analysis, SAIC Motor stock appears to be undervalued.
The current stock price of ¥11.32 is trading 19% below its estimated GF Value™ of ¥13.97.
GuruFocus considers SAIC Motor to be Modestly Undervalued.
Key valuation signals for SHSE:600104:
PB Ratio: 0.43 (51% below median its 10-year median of 0.87)
GF Value™: ¥13.97 vs. price of ¥11.32 (19% below fair value)
Industry Position: 69.1% below the Vehicles & Parts median (#201 of 1294)
No single metric tells the full story. See the SHSE:600104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SAIC Motor Corp Ltd builds and sells passenger cars and commercial vehicles. The company operates its business through two segments: the Vehicle and Parts Segment and the Financial Services Segment. The Vehicle and Parts segment focuses on the manufacturing and sale of automobiles and components. The Financial Services segment is engaged in offering various financial solutions. It generates the majority of its revenue from the Vehicle and Parts Segment.
64GF Score
Get the complete analysis for SHSE:600104
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
SHSE:600104 has been successfully added to your 
