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Chongqing Brewery CoSHSE:600132 -1.42%90 PB Ratio is 11.43 as of Aug. 13, 2026, which is 31% below its 10-year median of 16.56. GuruFocus rates SHSE:600132 with a GF Score™ of 90/100 and a GF Value™ of ¥58.35 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 205 Beverages - Alcoholic companies, Chongqing Brewery Co ranks worse than 94.15% on this metric.
Chongqing Brewery Co Ltd stock PB Ratio (=11.66) is close to 5-year low of 10.94.
The historical rank and industry rank for Chongqing Brewery Co's PB Ratio or its related term are showing as below:
SHSE:600132'
s PB Ratio Range Over the Past 10 Years
Min: 6.39 Med: 16.56 Max: 134
Current: 11.42
During the past 13 years, Chongqing Brewery Co's highest PB Ratio was 134.00. The lowest was 6.39. And the median was 16.56.
SHSE:600132's PB Ratio is ranked worse than 94.15% of 205
companies
in the Beverages - Alcoholic industry
Industry Median: 1.71
vs SHSE:600132: 11.42
During the past 12 months, Chongqing Brewery Co's average Book Value Per Share Growth Rate was 10.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -12.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Chongqing Brewery Co was 54.10% per year. The lowest was -20.50% per year. And the median was 3.65% 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.
Chongqing Brewery Co PB Ratio Related Terms
Chongqing Brewery Co PB Ratio Historical Data
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The historical data trend for Chongqing Brewery Co'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 Beverages - Brewers subindustry, Chongqing Brewery Co'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.
Chongqing Brewery Co PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Chongqing Brewery Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Chongqing Brewery Co'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.
Chongqing Brewery Co (SHSE:600132) has a PB Ratio of 11.43 as of Aug. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Chongqing Brewery Co and its competitors. This is 31% below median its historical median of 16.56. Over the past decade, Chongqing Brewery Co's PB Ratio has ranged from 6.39 to 134.00. According to the industry distribution chart, Chongqing Brewery Co ranks #193 out of 205 companies in the Beverages - Alcoholic industry, placing it in the top 94.1%.
Is Chongqing Brewery Co's PB Ratio too high?
Chongqing Brewery Co's current PB Ratio of 11.43 is 31% below median its 10-year median of 16.56. Over the past 10 years, this metric has ranged from a low of 6.39 to a high of 134.00. The Beverages - Alcoholic industry median PB Ratio is 1.71. Chongqing Brewery Co's value of 11.43 is 568.4% above this industry median. Based on the distribution chart, Chongqing Brewery Co ranks #193 out of 205 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Chongqing Brewery Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Brewery Co's PB Ratio compare to STZ?
According to the Beverages - Alcoholic industry distribution chart, Chongqing Brewery Co ranks #193 out of 205 companies for PB Ratio. This places Chongqing Brewery Co in the lower half of its industry. The industry median PB Ratio is 1.71. Chongqing Brewery Co's value of 11.43 is 568.4% above this benchmark. Historically, Chongqing Brewery Co's own PB Ratio has ranged from 6.39 to 134.00 over the past decade. While the company's 10-year median is 16.56 vs. the industry median of 1.71, Chongqing Brewery Co 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 Beverages - Alcoholic company?
The median PB Ratio among Beverages - Alcoholic companies is 1.71, based on 205 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. Chongqing Brewery Co's current PB Ratio of 11.43 is 568.4% 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 Chongqing Brewery Co and its competitors. For the Beverages - Alcoholic industry, the median PB Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Brewery Co's current PB Ratio is 11.43, which is 31% below median its own 10-year median of 16.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Brewery Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Brewery Co (SHSE:600132) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥58.35, compared to a current price of ¥43.17 — trading 26% below its estimated fair value. The current PB Ratio is 11.43, which is 31% below median its 10-year median of 16.56 and 568.4% above the Beverages - Alcoholic industry median of 1.71. Chongqing Brewery Co's overall GF Score™ is 90/100 with 2 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 Chongqing Brewery Co (SHSE:600132), the current PB Ratio is 11.43 as of Aug. 13, 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 Chongqing Brewery Co (SHSE:600132) Overvalued in 2026?
Based on GuruFocus' analysis, Chongqing Brewery Co stock appears to be undervalued.
The current stock price of ¥43.17 is trading 26% below its estimated GF Value™ of ¥58.35.
GuruFocus considers Chongqing Brewery Co to be Modestly Undervalued.
Key valuation signals for SHSE:600132:
PB Ratio: 11.43 (31% below median its 10-year median of 16.56)
GF Value™: ¥58.35 vs. price of ¥43.17 (26% below fair value)
Industry Position: 568.4% above the Beverages - Alcoholic median (#193 of 205)
No single metric tells the full story. See the SHSE:600132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1958 in Chongqing city, Chongqing Brewery is one of the major beer brewers in China with a strong presence in the west. The company distributes a beer portfolio consisting of international brands, such as Carlsberg, Tuborg, 1664, and domestic brands such as Chongqing. In 2013, the company became a subsidiary of Carlsberg Group after the latter acquired a 60% stake in the company. It became the sole operating platform of Carlsberg Group's China business in 2020, after the group injected all its China beer assets into Chongqing Brewery.
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