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SHSE:603602'
s PB Ratio Range Over the Past 10 Years
Min: 2.46 Med: 3.65 Max: 16.83
Current: 3.04
During the past 13 years, Hangzhou Freely Communication Co's highest PB Ratio was 16.83. The lowest was 2.46. And the median was 3.65.
SHSE:603602's PB Ratio is ranked worse than 70.88% of 340
companies
in the Telecommunication Services industry
Industry Median: 1.735
vs SHSE:603602: 3.04
During the past 12 months, Hangzhou Freely Communication Co's average Book Value Per Share Growth Rate was -15.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hangzhou Freely Communication Co was 23.10% per year. The lowest was 1.10% per year. And the median was 7.85% 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.
Hangzhou Freely Communication Co PB Ratio Related Terms
Hangzhou Freely Communication 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 Telecom Services subindustry, Hangzhou Freely Communication 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.
Hangzhou Freely Communication Co PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Hangzhou Freely Communication Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hangzhou Freely Communication Co's PB Ratio falls into.
Hangzhou Freely Communication 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.
Hangzhou Freely Communication Co (SHSE:603602) has a PB Ratio of 3.04 as of Aug. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hangzhou Freely Communication Co and its competitors. This is 17% below median its historical median of 3.65. Over the past decade, Hangzhou Freely Communication Co's PB Ratio has ranged from 2.46 to 16.83. According to the industry distribution chart, Hangzhou Freely Communication Co ranks #241 out of 340 companies in the Telecommunication Services industry, placing it in the top 70.9%.
Is Hangzhou Freely Communication Co's PB Ratio too high?
Hangzhou Freely Communication Co's current PB Ratio of 3.04 is 17% below median its 10-year median of 3.65. Over the past 10 years, this metric has ranged from a low of 2.46 to a high of 16.83. The Telecommunication Services industry median PB Ratio is 1.74. Hangzhou Freely Communication Co's value of 3.04 is 75.2% above this industry median. Based on the distribution chart, Hangzhou Freely Communication Co ranks #241 out of 340 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Hangzhou Freely Communication Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Freely Communication Co's PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Hangzhou Freely Communication Co ranks #241 out of 340 companies for PB Ratio. This places Hangzhou Freely Communication Co in the lower half of its industry. The industry median PB Ratio is 1.74. Hangzhou Freely Communication Co's value of 3.04 is 75.2% above this benchmark. Historically, Hangzhou Freely Communication Co's own PB Ratio has ranged from 2.46 to 16.83 over the past decade. While the company's 10-year median is 3.65 vs. the industry median of 1.74, Hangzhou Freely Communication 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 Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.74, based on 340 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. Hangzhou Freely Communication Co's current PB Ratio of 3.04 is 75.2% 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 Hangzhou Freely Communication Co and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou Freely Communication Co's current PB Ratio is 3.04, which is 17% below median its own 10-year median of 3.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Freely Communication Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Freely Communication Co (SHSE:603602) is currently considered Possible Value Trap. The stock's GF Value™ is ¥17.50, compared to a current price of ¥11.74 — trading 32.9% below its estimated fair value. The current PB Ratio is 3.04, which is 17% below median its 10-year median of 3.65 and 75.2% above the Telecommunication Services industry median of 1.74. Hangzhou Freely Communication Co's overall GF Score™ is 64/100 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 Hangzhou Freely Communication Co (SHSE:603602), the current PB Ratio is 3.04 as of Aug. 13, 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 Hangzhou Freely Communication Co (SHSE:603602) Overvalued in 2026?
Based on GuruFocus' analysis, Hangzhou Freely Communication Co stock appears to be undervalued.
The current stock price of ¥11.74 is trading 32.9% below its estimated GF Value™ of ¥17.50.
GuruFocus considers Hangzhou Freely Communication Co to be Possible Value Trap.
Key valuation signals for SHSE:603602:
PB Ratio: 3.04 (17% below median its 10-year median of 3.65)
GF Value™: ¥17.50 vs. price of ¥11.74 (32.9% below fair value)
Industry Position: 75.2% above the Telecommunication Services median (#241 of 340)
No single metric tells the full story. See the SHSE:603602 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hangzhou Freely Communication Co Ltd is a communication network technology service provider. It is mainly engaged in communication extension network construction, communication network generation, and communication network optimization. The company's service portfolio consists of base station installation engineering services, indoor distribution system technical services, integrated access technology services, and network generation services.
64GF Score
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