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SPIC Hydropower CoSHSE:600292 +0.55%42 PB Ratio is 3.19 as of Aug. 03, 2026, which is 229% above its 10-year median of 0.97. GuruFocus rates SHSE:600292 with a GF Score™ of 42/100 and a GF Value™ of ¥4.42 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 501 Utilities - Regulated companies, SPIC Hydropower Co ranks worse than 88.82% on this metric.
The historical rank and industry rank for SPIC Hydropower Co's PB Ratio or its related term are showing as below:
SHSE:600292'
s PB Ratio Range Over the Past 10 Years
Min: 0.55 Med: 0.97 Max: 14.18
Current: 3.19
During the past 13 years, SPIC Hydropower Co's highest PB Ratio was 14.18. The lowest was 0.55. And the median was 0.97.
SHSE:600292's PB Ratio is ranked worse than 88.82% of 501
companies
in the Utilities - Regulated industry
Industry Median: 1.43
vs SHSE:600292: 3.19
During the past 12 months, SPIC Hydropower Co's average Book Value Per Share Growth Rate was -40.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -15.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of SPIC Hydropower Co was 115.70% per year. The lowest was -15.80% per year. And the median was 4.95% 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.
SPIC Hydropower Co PB Ratio Related Terms
SPIC Hydropower Co PB Ratio Historical Data
* Premium members only.
The historical data trend for SPIC Hydropower 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 Utilities - Regulated Electric subindustry, SPIC Hydropower 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.
SPIC Hydropower Co PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPIC Hydropower Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where SPIC Hydropower 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.
SPIC Hydropower Co (SHSE:600292) has a PB Ratio of 3.19 as of Aug. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on SPIC Hydropower Co and its competitors. This is 229% above median its historical median of 0.97. Over the past decade, SPIC Hydropower Co's PB Ratio has ranged from 0.55 to 14.18. According to the industry distribution chart, SPIC Hydropower Co ranks #445 out of 501 companies in the Utilities - Regulated industry, placing it in the top 88.8%.
Is SPIC Hydropower Co's PB Ratio too high?
SPIC Hydropower Co's current PB Ratio of 3.19 is 229% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 14.18. The Utilities - Regulated industry median PB Ratio is 1.43. SPIC Hydropower Co's value of 3.19 is 123.1% above this industry median. Based on the distribution chart, SPIC Hydropower Co ranks #445 out of 501 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, SPIC Hydropower Co has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPIC Hydropower Co's PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPIC Hydropower Co ranks #445 out of 501 companies for PB Ratio. This places SPIC Hydropower Co in the lower half of its industry. The industry median PB Ratio is 1.43. SPIC Hydropower Co's value of 3.19 is 123.1% above this benchmark. Historically, SPIC Hydropower Co's own PB Ratio has ranged from 0.55 to 14.18 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 1.43, SPIC Hydropower 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 an Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.43, based on 501 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. SPIC Hydropower Co's current PB Ratio of 3.19 is 123.1% 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 SPIC Hydropower Co and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPIC Hydropower Co's current PB Ratio is 3.19, which is 229% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPIC Hydropower Co stock overvalued right now?
Based on GuruFocus' analysis, SPIC Hydropower Co (SHSE:600292) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.42, compared to a current price of ¥12.69 — trading 187.1% above its estimated fair value. The current PB Ratio is 3.19, which is 229% above median its 10-year median of 0.97 and 123.1% above the Utilities - Regulated industry median of 1.43. SPIC Hydropower Co's overall GF Score™ is 42/100 with 5 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 SPIC Hydropower Co (SHSE:600292), the current PB Ratio is 3.19 as of Aug. 03, 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 SPIC Hydropower Co (SHSE:600292) Overvalued in 2026?
Based on GuruFocus' analysis, SPIC Hydropower Co stock appears to be overvalued.
The current stock price of ¥12.69 is trading 187.1% above its estimated GF Value™ of ¥4.42.
GuruFocus considers SPIC Hydropower Co to be Significantly Overvalued.
Key valuation signals for SHSE:600292:
PB Ratio: 3.19 (229% above median its 10-year median of 0.97)
GF Value™: ¥4.42 vs. price of ¥12.69 (187.1% above fair value)
Industry Position: 123.1% above the Utilities - Regulated median (#445 of 501)
No single metric tells the full story. See the SHSE:600292 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPIC Hydropower Co Ltd is engaged in energy and ecological integration activities, with a focus on hydropower generation and the integrated development and operation of river basin hydropower and new energy projects. Its business scope includes the provision of technical services, technology development and consultation, technology exchange and transfer, and technology promotion.
42GF Score
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