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During the past 12 months, China Three Gorges Renewables (Group) Co's average Book Value Per Share Growth Rate was 0.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 20.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Three Gorges Renewables (Group) Co was 94.20% per year. The lowest was 4.80% per year. And the median was 11.55% per year.
Back to Basics: PB Ratio
China Three Gorges Renewables (Group) Co (SHSE:600905) 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.
China Three Gorges Renewables (Group) Co PB Ratio Related Terms
China Three Gorges Renewables (Group) 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.
China Three Gorges Renewables (Group) Co PB Ratio Chart
China Three Gorges Renewables (Group) Co Annual Data
China Three Gorges Renewables (Group) Co PB Ratio Competitor Comparison
For the Utilities - Renewable subindustry, China Three Gorges Renewables (Group) 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.
China Three Gorges Renewables (Group) Co PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, China Three Gorges Renewables (Group) Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where China Three Gorges Renewables (Group) Co's PB Ratio falls into.
China Three Gorges Renewables (Group) 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.
China Three Gorges Renewables (Group) Co (SHSE:600905) has a PB Ratio of 1.24 as of Jul. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on China Three Gorges Renewables (Group) Co and its competitors. This is 23% below median its historical median of 1.62. Over the past decade, China Three Gorges Renewables (Group) Co's PB Ratio has ranged from 1.19 to 4.54. According to the industry distribution chart, China Three Gorges Renewables (Group) Co ranks #212 out of 433 companies in the Utilities - Independent Power Producers industry, placing it in the top 49%.
Is China Three Gorges Renewables (Group) Co's PB Ratio too high?
China Three Gorges Renewables (Group) Co's current PB Ratio of 1.24 is 23% below median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 4.54. The Utilities - Independent Power Producers industry median PB Ratio is 1.27. China Three Gorges Renewables (Group) Co's value of 1.24 is 2.4% below this industry median. Based on the distribution chart, China Three Gorges Renewables (Group) Co ranks #212 out of 433 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, China Three Gorges Renewables (Group) Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Three Gorges Renewables (Group) Co's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, China Three Gorges Renewables (Group) Co ranks #212 out of 433 companies for PB Ratio. This puts China Three Gorges Renewables (Group) Co in the upper half of its industry. The industry median PB Ratio is 1.27. China Three Gorges Renewables (Group) Co's value of 1.24 is 2.4% below this benchmark. Historically, China Three Gorges Renewables (Group) Co's own PB Ratio has ranged from 1.19 to 4.54 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.27, China Three Gorges Renewables (Group) 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 an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.27, based on 433 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. China Three Gorges Renewables (Group) Co's current PB Ratio of 1.24 is 2.4% 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 China Three Gorges Renewables (Group) Co and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Three Gorges Renewables (Group) Co's current PB Ratio is 1.24, which is 23% below median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Three Gorges Renewables (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, China Three Gorges Renewables (Group) Co (SHSE:600905) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.45, compared to a current price of ¥3.90 — trading 12.4% below its estimated fair value. The current PB Ratio is 1.24, which is 23% below median its 10-year median of 1.62 and 2.4% below the Utilities - Independent Power Producers industry median of 1.27. China Three Gorges Renewables (Group) Co's overall GF Score™ is 71/100 with 11 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 China Three Gorges Renewables (Group) Co (SHSE:600905), the current PB Ratio is 1.24 as of Jul. 30, 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 China Three Gorges Renewables (Group) Co (SHSE:600905) Overvalued in 2026?
Based on GuruFocus' analysis, China Three Gorges Renewables (Group) Co stock appears to be undervalued.
The current stock price of ¥3.90 is trading 12.4% below its estimated GF Value™ of ¥4.45.
GuruFocus considers China Three Gorges Renewables (Group) Co to be Modestly Undervalued.
Key valuation signals for SHSE:600905:
PB Ratio: 1.24 (23% below median its 10-year median of 1.62)
GF Value™: ¥4.45 vs. price of ¥3.90 (12.4% below fair value)
Industry Position: 2.4% below the Utilities - Independent Power Producers median (#212 of 433)
No single metric tells the full story. See the SHSE:600905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Three Gorges Renewables (Group) Co Business Description
China Three Gorges Renewables is one of China's largest renewable energy producers. The firm operates wind farms, photovoltaic power plants, hydroelectric power plants, and energy storage projects. CTGR has a total generation capacity of about 52.4 gigawatts as of the end of 2025. The firm is also one of the largest offshore wind farm operators in China, with 7.5 GW of installed capacity at the end of 2025. Parent company China Three Gorges, a state-owned enterprise, owns approximately 52.3% of CTGR's issued shares as of the end of 2025.
71GF Score
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