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.
Shede Spirits CoSHSE:600702 -4.71%82 PB Ratio is 1.51 as of Jul. 24, 2026, which is 59% below its 10-year median of 3.70. GuruFocus rates SHSE:600702 with a GF Score™ of 82/100 and a GF Value™ of ¥50.74 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 204 Beverages - Alcoholic companies, Shede Spirits Co ranks better than 54.41% 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 (2026-07-24), Shede Spirits Co's share price is ¥32.59. Shede Spirits Co's Book Value per Share for the quarter that ended in Mar. 2026 was ¥21.53. Hence, Shede Spirits Co's PB Ratio of today is 1.51.
Good Sign:
Shede Spirits Co Ltd stock PB Ratio (=1.59) is close to 10-year low of 1.52.
The historical rank and industry rank for Shede Spirits Co's PB Ratio or its related term are showing as below:
SHSE:600702'
s PB Ratio Range Over the Past 10 Years
Min: 1.51 Med: 3.7 Max: 20.25
Current: 1.51
During the past 13 years, Shede Spirits Co's highest PB Ratio was 20.25. The lowest was 1.51. And the median was 3.70.
SHSE:600702's PB Ratio is ranked better than 54.41% of 204
companies
in the Beverages - Alcoholic industry
Industry Median: 1.64
vs SHSE:600702: 1.51
During the past 12 months, Shede Spirits Co's average Book Value Per Share Growth Rate was 1.00% 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 13.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Shede Spirits Co was 60.00% per year. The lowest was -1.30% per year. And the median was 4.30% per year.
Back to Basics: PB Ratio
Shede Spirits Co (SHSE:600702) 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.
Shede Spirits Co PB Ratio Related Terms
Shede Spirits Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Shede Spirits 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 - Wineries & Distilleries subindustry, Shede Spirits 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.
Shede Spirits Co PB Ratio vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Shede Spirits Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Shede Spirits 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.
Shede Spirits Co (SHSE:600702) has a PB Ratio of 1.51 as of Jul. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shede Spirits Co and its competitors. This is 59% below median its historical median of 3.70. Over the past decade, Shede Spirits Co's PB Ratio has ranged from 1.51 to 20.25. According to the industry distribution chart, Shede Spirits Co ranks #93 out of 204 companies in the Beverages - Alcoholic industry, placing it in the top 45.6%.
Is Shede Spirits Co's PB Ratio too high?
Shede Spirits Co's current PB Ratio of 1.51 is 59% below median its 10-year median of 3.70. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 20.25. The Beverages - Alcoholic industry median PB Ratio is 1.64. Shede Spirits Co's value of 1.51 is 7.9% below this industry median. Based on the distribution chart, Shede Spirits Co ranks #93 out of 204 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, Shede Spirits Co has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shede Spirits Co's PB Ratio compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Shede Spirits Co ranks #93 out of 204 companies for PB Ratio. This puts Shede Spirits Co in the upper half of its industry. The industry median PB Ratio is 1.64. Shede Spirits Co's value of 1.51 is 7.9% below this benchmark. Historically, Shede Spirits Co's own PB Ratio has ranged from 1.51 to 20.25 over the past decade. While the company's 10-year median is 3.70 vs. the industry median of 1.64, Shede Spirits 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 Beverages - Alcoholic company?
The median PB Ratio among Beverages - Alcoholic companies is 1.64, based on 204 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. Shede Spirits Co's current PB Ratio of 1.51 is 7.9% 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 Shede Spirits Co and its competitors. For the Beverages - Alcoholic industry, the median PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shede Spirits Co's current PB Ratio is 1.51, which is 59% below median its own 10-year median of 3.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shede Spirits Co stock overvalued right now?
Based on GuruFocus' analysis, Shede Spirits Co (SHSE:600702) is currently considered Possible Value Trap. The stock's GF Value™ is ¥50.74, compared to a current price of ¥32.59 — trading 35.8% below its estimated fair value. The current PB Ratio is 1.51, which is 59% below median its 10-year median of 3.70 and 7.9% below the Beverages - Alcoholic industry median of 1.64. Shede Spirits Co's overall GF Score™ is 82/100 with 10 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 Shede Spirits Co (SHSE:600702), the current PB Ratio is 1.51 as of Jul. 24, 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 Shede Spirits Co (SHSE:600702) Overvalued in 2026?
Based on GuruFocus' analysis, Shede Spirits Co stock appears to be undervalued.
The current stock price of ¥32.59 is trading 35.8% below its estimated GF Value™ of ¥50.74.
GuruFocus considers Shede Spirits Co to be Possible Value Trap.
Key valuation signals for SHSE:600702:
PB Ratio: 1.51 (59% below median its 10-year median of 3.70)
GF Value™: ¥50.74 vs. price of ¥32.59 (35.8% below fair value)
Industry Position: 7.9% below the Beverages - Alcoholic median (#93 of 204)
No single metric tells the full story. See the SHSE:600702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shede Spirits Co Ltd manufactures liquor products. The company produces high-end liquor, low-end liquor, mid-end liquor, and other products. Shede Spirits markets its products throughout China.
82GF Score
Get the complete analysis for SHSE:600702
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:600702 has been successfully added to your 
