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Quectel Wireless Solutions Co Ltd stock PB Ratio (=2.85) is close to 2-year low of 2.61.
The historical rank and industry rank for Quectel Wireless Solutions Co's PB Ratio or its related term are showing as below:
SHSE:603236'
s PB Ratio Range Over the Past 10 Years
Min: 2.45 Med: 5.97 Max: 17
Current: 2.89
During the past 13 years, Quectel Wireless Solutions Co's highest PB Ratio was 17.00. The lowest was 2.45. And the median was 5.97.
SHSE:603236's PB Ratio is ranked worse than 58.46% of 2417
companies
in the Hardware industry
Industry Median: 2.3
vs SHSE:603236: 2.89
During the past 12 months, Quectel Wireless Solutions Co's average Book Value Per Share Growth Rate was 49.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 19.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 20.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 32.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Quectel Wireless Solutions Co was 102.40% per year. The lowest was -19.20% per year. And the median was 21.10% 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.
Quectel Wireless Solutions Co PB Ratio Related Terms
Quectel Wireless Solutions 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.
SHSE:603236 vs CSCO, MSI, HPE: PB Ratio Comparison
For the Communication Equipment subindustry, Quectel Wireless Solutions 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.
Quectel Wireless Solutions Co PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Quectel Wireless Solutions Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Quectel Wireless Solutions Co's PB Ratio falls into.
Quectel Wireless Solutions 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.
Quectel Wireless Solutions Co (SHSE:603236) has a PB Ratio of 2.89 as of Aug. 10, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Quectel Wireless Solutions Co and its competitors. This is 52% below median its historical median of 5.97. Over the past decade, Quectel Wireless Solutions Co's PB Ratio has ranged from 2.45 to 17.00. According to the industry distribution chart, Quectel Wireless Solutions Co ranks #1413 out of 2417 companies in the Hardware industry, placing it in the top 58.5%.
Is Quectel Wireless Solutions Co's PB Ratio too high?
Quectel Wireless Solutions Co's current PB Ratio of 2.89 is 52% below median its 10-year median of 5.97. Over the past 10 years, this metric has ranged from a low of 2.45 to a high of 17.00. The Hardware industry median PB Ratio is 2.30. Quectel Wireless Solutions Co's value of 2.89 is 25.7% above this industry median. Based on the distribution chart, Quectel Wireless Solutions Co ranks #1413 out of 2417 companies in the Hardware industry, which is below the industry midpoint. Overall, Quectel Wireless Solutions Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Quectel Wireless Solutions Co's PB Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Quectel Wireless Solutions Co ranks #1413 out of 2417 companies for PB Ratio. This places Quectel Wireless Solutions Co in the lower half of its industry. The industry median PB Ratio is 2.30. Quectel Wireless Solutions Co's value of 2.89 is 25.7% above this benchmark. Historically, Quectel Wireless Solutions Co's own PB Ratio has ranged from 2.45 to 17.00 over the past decade. While the company's 10-year median is 5.97 vs. the industry median of 2.30, Quectel Wireless Solutions 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 Hardware company?
The median PB Ratio among Hardware companies is 2.30, based on 2,417 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. Quectel Wireless Solutions Co's current PB Ratio of 2.89 is 25.7% 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 Quectel Wireless Solutions Co and its competitors. For the Hardware industry, the median PB Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Quectel Wireless Solutions Co's current PB Ratio is 2.89, which is 52% below median its own 10-year median of 5.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quectel Wireless Solutions Co stock overvalued right now?
Based on GuruFocus' analysis, Quectel Wireless Solutions Co (SHSE:603236) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥70.32, compared to a current price of ¥50.16 — trading 28.7% below its estimated fair value. The current PB Ratio is 2.89, which is 52% below median its 10-year median of 5.97 and 25.7% above the Hardware industry median of 2.30. Quectel Wireless Solutions Co's overall GF Score™ is 89/100 with 3 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 Quectel Wireless Solutions Co (SHSE:603236), the current PB Ratio is 2.89 as of Aug. 10, 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 Quectel Wireless Solutions Co (SHSE:603236) Overvalued in 2026?
Based on GuruFocus' analysis, Quectel Wireless Solutions Co stock appears to be undervalued.
The current stock price of ¥50.16 is trading 28.7% below its estimated GF Value™ of ¥70.32.
GuruFocus considers Quectel Wireless Solutions Co to be Modestly Undervalued.
Key valuation signals for SHSE:603236:
PB Ratio: 2.89 (52% below median its 10-year median of 5.97)
GF Value™: ¥70.32 vs. price of ¥50.16 (28.7% below fair value)
Industry Position: 25.7% above the Hardware median (#1413 of 2417)
No single metric tells the full story. See the SHSE:603236 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quectel Wireless Solutions Co Ltd is engaged in the design, development of cellular communication modules. It primarily supplies 5G, LTE, LTE-A, LPWA, Smart Module, C-V2X, GSM/GPRS and GNSS modules.
89GF Score
Get the complete analysis for SHSE:603236
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