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.
SHSE:603276's PB Ratio is ranked worse than 50.7% of 1578
companies
in the Chemicals industry
Industry Median: 1.76
vs SHSE:603276: 1.79
During the past 12 months, Jiangsu Hengxing New Material Technology Co's average Book Value Per Share Growth Rate was 3.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 19.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 20.40% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Jiangsu Hengxing New Material Technology Co was 41.10% per year. The lowest was 16.70% per year. And the median was 22.00% 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.
Jiangsu Hengxing New Material Technology Co PB Ratio Related Terms
Jiangsu Hengxing New Material Technology 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.
Jiangsu Hengxing New Material Technology Co PB Ratio Chart
Jiangsu Hengxing New Material Technology Co Annual Data
* 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.
Jiangsu Hengxing New Material Technology Co PB Ratio vs Chemicals Industry
Jiangsu Hengxing New Material Technology 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.
Jiangsu Hengxing New Material Technology Co (SHSE:603276) has a PB Ratio of 1.79 as of Aug. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Jiangsu Hengxing New Material Technology Co and its competitors. This is near median its historical median of 1.88. Over the past decade, Jiangsu Hengxing New Material Technology Co's PB Ratio has ranged from 1.41 to 5.12. According to the industry distribution chart, Jiangsu Hengxing New Material Technology Co ranks #800 out of 1578 companies in the Chemicals industry, placing it in the top 50.7%.
Is Jiangsu Hengxing New Material Technology Co's PB Ratio too high?
Jiangsu Hengxing New Material Technology Co's current PB Ratio of 1.79 is near median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 5.12. The Chemicals industry median PB Ratio is 1.76. Jiangsu Hengxing New Material Technology Co's value of 1.79 is 1.7% above this industry median. Based on the distribution chart, Jiangsu Hengxing New Material Technology Co ranks #800 out of 1578 companies in the Chemicals industry, which is below the industry midpoint. Overall, Jiangsu Hengxing New Material Technology Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Hengxing New Material Technology Co's PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Jiangsu Hengxing New Material Technology Co ranks #800 out of 1578 companies for PB Ratio. This places Jiangsu Hengxing New Material Technology Co in the lower half of its industry. The industry median PB Ratio is 1.76. Jiangsu Hengxing New Material Technology Co's value of 1.79 is 1.7% above this benchmark. Historically, Jiangsu Hengxing New Material Technology Co's own PB Ratio has ranged from 1.41 to 5.12 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 1.76, Jiangsu Hengxing New Material Technology 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 Chemicals company?
The median PB Ratio among Chemicals companies is 1.76, based on 1,578 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. Jiangsu Hengxing New Material Technology Co's current PB Ratio of 1.79 is 1.7% 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 Jiangsu Hengxing New Material Technology Co and its competitors. For the Chemicals industry, the median PB Ratio is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Hengxing New Material Technology Co's current PB Ratio is 1.79, which is near median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Hengxing New Material Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Hengxing New Material Technology Co (SHSE:603276) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥18.65, compared to a current price of ¥15.53 — trading 16.7% below its estimated fair value. The current PB Ratio is 1.79, which is near median its 10-year median of 1.88 and 1.7% above the Chemicals industry median of 1.76. Jiangsu Hengxing New Material Technology Co's overall GF Score™ is 70/100 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 Jiangsu Hengxing New Material Technology Co (SHSE:603276), the current PB Ratio is 1.79 as of Aug. 12, 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 Jiangsu Hengxing New Material Technology Co (SHSE:603276) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Hengxing New Material Technology Co stock appears to be undervalued.
The current stock price of ¥15.53 is trading 16.7% below its estimated GF Value™ of ¥18.65.
GuruFocus considers Jiangsu Hengxing New Material Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:603276:
PB Ratio: 1.79 (near median its 10-year median of 1.88)
GF Value™: ¥18.65 vs. price of ¥15.53 (16.7% below fair value)
Industry Position: 1.7% above the Chemicals median (#800 of 1578)
No single metric tells the full story. See the SHSE:603276 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu Hengxing New Material Technology Co Ltd is engaged in research & development, production, and sales of ketone, ester, and acid fine chemical products. Its products, categorized by composition, cover organic ketones, organic esters, organic acids, acid anhydrides, and fatty acid salts.
70GF Score
Get the complete analysis for SHSE:603276
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:603276 has been successfully added to your 
