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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.
SHSE:600488'
s PB Ratio Range Over the Past 10 Years
Min: 1.25 Med: 1.66 Max: 2.61
Current: 1.81
During the past 13 years, Tianjin Tianyao Pharmaceutical Co's highest PB Ratio was 2.61. The lowest was 1.25. And the median was 1.66.
SHSE:600488's PB Ratio is ranked better than 51.14% of 921
companies
in the Drug Manufacturers industry
Industry Median: 1.86
vs SHSE:600488: 1.81
During the past 12 months, Tianjin Tianyao Pharmaceutical Co's average Book Value Per Share Growth Rate was -2.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tianjin Tianyao Pharmaceutical Co was 81.20% per year. The lowest was -1.40% per year. And the median was 6.30% per year.
Back to Basics: PB Ratio
Tianjin Tianyao Pharmaceutical Co (SHSE:600488) PB Ratio Explanation
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.
Tianjin Tianyao Pharmaceutical Co PB Ratio Related Terms
Tianjin Tianyao Pharmaceutical Co 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 Drug Manufacturers - Specialty & Generic subindustry, Tianjin Tianyao Pharmaceutical 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.
Tianjin Tianyao Pharmaceutical Co PB Ratio vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Tianjin Tianyao Pharmaceutical Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tianjin Tianyao Pharmaceutical Co's PB Ratio falls into.
Tianjin Tianyao Pharmaceutical Co 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.
Tianjin Tianyao Pharmaceutical Co (SHSE:600488) has a PB Ratio of 1.81 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tianjin Tianyao Pharmaceutical Co and its competitors. This is near median its historical median of 1.66. Over the past decade, Tianjin Tianyao Pharmaceutical Co's PB Ratio has ranged from 1.25 to 2.61. According to the industry distribution chart, Tianjin Tianyao Pharmaceutical Co ranks #450 out of 921 companies in the Drug Manufacturers industry, placing it in the top 48.9%.
Is Tianjin Tianyao Pharmaceutical Co's PB Ratio too high?
Tianjin Tianyao Pharmaceutical Co's current PB Ratio of 1.81 is near median its 10-year median of 1.66. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 2.61. The Drug Manufacturers industry median PB Ratio is 1.86. Tianjin Tianyao Pharmaceutical Co's value of 1.81 is 2.7% below this industry median. Based on the distribution chart, Tianjin Tianyao Pharmaceutical Co ranks #450 out of 921 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Tianjin Tianyao Pharmaceutical Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tianjin Tianyao Pharmaceutical Co's PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Tianjin Tianyao Pharmaceutical Co ranks #450 out of 921 companies for PB Ratio. This puts Tianjin Tianyao Pharmaceutical Co in the upper half of its industry. The industry median PB Ratio is 1.86. Tianjin Tianyao Pharmaceutical Co's value of 1.81 is 2.7% below this benchmark. Historically, Tianjin Tianyao Pharmaceutical Co's own PB Ratio has ranged from 1.25 to 2.61 over the past decade. While the company's 10-year median is 1.66 vs. the industry median of 1.86, Tianjin Tianyao Pharmaceutical Co 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 Drug Manufacturers company?
The median PB Ratio among Drug Manufacturers companies is 1.86, based on 921 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. Tianjin Tianyao Pharmaceutical Co's current PB Ratio of 1.81 is 2.7% 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 Tianjin Tianyao Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median PB Ratio is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianjin Tianyao Pharmaceutical Co's current PB Ratio is 1.81, which is near median its own 10-year median of 1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianjin Tianyao Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Tianjin Tianyao Pharmaceutical Co (SHSE:600488) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.59, compared to a current price of ¥5.06 — trading 40.9% above its estimated fair value. The current PB Ratio is 1.81, which is near median its 10-year median of 1.66 and 2.7% below the Drug Manufacturers industry median of 1.86. Tianjin Tianyao Pharmaceutical Co's overall GF Score™ is 63/100 with 6 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 Tianjin Tianyao Pharmaceutical Co (SHSE:600488), the current PB Ratio is 1.81 as of Jul. 21, 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 Tianjin Tianyao Pharmaceutical Co (SHSE:600488) Overvalued in 2026?
Based on GuruFocus' analysis, Tianjin Tianyao Pharmaceutical Co stock appears to be overvalued.
The current stock price of ¥5.06 is trading 40.9% above its estimated GF Value™ of ¥3.59.
GuruFocus considers Tianjin Tianyao Pharmaceutical Co to be Significantly Overvalued.
Key valuation signals for SHSE:600488:
PB Ratio: 1.81 (near median its 10-year median of 1.66)
GF Value™: ¥3.59 vs. price of ¥5.06 (40.9% above fair value)
Industry Position: 2.7% below the Drug Manufacturers median (#450 of 921)
No single metric tells the full story. See the SHSE:600488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianjin Tianyao Pharmaceutical Co Business Description
Tianjin Tianyao Pharmaceutical Co Ltd is a China-based company engages in the development, manufacture, distribution, and export of pharmaceutical products. Its products include corticosteroids and cardiovascular medicine, dexamethasone, and cortisone acetate.
63GF Score
Get the complete analysis for SHSE:600488
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