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SHSE:603861's PB Ratio is ranked better than 63.11% of 2990
companies
in the Industrial Products industry
Industry Median: 2.18
vs SHSE:603861: 1.61
During the past 12 months, Guangzhou Baiyun Electric Equipment Co's average Book Value Per Share Growth Rate was 3.50% 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 4.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Guangzhou Baiyun Electric Equipment Co was 25.50% per year. The lowest was -8.00% per year. And the median was 4.80% 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.
Guangzhou Baiyun Electric Equipment Co PB Ratio Related Terms
Guangzhou Baiyun Electric Equipment 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.
Guangzhou Baiyun Electric Equipment Co PB Ratio Chart
Guangzhou Baiyun Electric Equipment Co Annual Data
For the Specialty Industrial Machinery subindustry, Guangzhou Baiyun Electric Equipment 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.
Guangzhou Baiyun Electric Equipment Co PB Ratio vs Industrial Products Industry
Guangzhou Baiyun Electric Equipment 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.
Guangzhou Baiyun Electric Equipment Co (SHSE:603861) has a PB Ratio of 1.61 as of Aug. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Guangzhou Baiyun Electric Equipment Co and its competitors. This is near median its historical median of 1.56. Over the past decade, Guangzhou Baiyun Electric Equipment Co's PB Ratio has ranged from 1.07 to 9.60. According to the industry distribution chart, Guangzhou Baiyun Electric Equipment Co ranks #1103 out of 2990 companies in the Industrial Products industry, placing it in the top 36.9%.
Is Guangzhou Baiyun Electric Equipment Co's PB Ratio too high?
Guangzhou Baiyun Electric Equipment Co's current PB Ratio of 1.61 is near median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 9.60. The Industrial Products industry median PB Ratio is 2.18. Guangzhou Baiyun Electric Equipment Co's value of 1.61 is 26.1% below this industry median. Based on the distribution chart, Guangzhou Baiyun Electric Equipment Co ranks #1103 out of 2990 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Guangzhou Baiyun Electric Equipment Co has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guangzhou Baiyun Electric Equipment Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Guangzhou Baiyun Electric Equipment Co ranks #1103 out of 2990 companies for PB Ratio. This puts Guangzhou Baiyun Electric Equipment Co in the upper half of its industry. The industry median PB Ratio is 2.18. Guangzhou Baiyun Electric Equipment Co's value of 1.61 is 26.1% below this benchmark. Historically, Guangzhou Baiyun Electric Equipment Co's own PB Ratio has ranged from 1.07 to 9.60 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 2.18, Guangzhou Baiyun Electric Equipment 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 Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.18, based on 2,990 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. Guangzhou Baiyun Electric Equipment Co's current PB Ratio of 1.61 is 26.1% 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 Guangzhou Baiyun Electric Equipment Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangzhou Baiyun Electric Equipment Co's current PB Ratio is 1.61, which is near median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangzhou Baiyun Electric Equipment Co stock overvalued right now?
Based on GuruFocus' analysis, Guangzhou Baiyun Electric Equipment Co (SHSE:603861) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.73, compared to a current price of ¥11.96 — trading 37% above its estimated fair value. The current PB Ratio is 1.61, which is near median its 10-year median of 1.56 and 26.1% below the Industrial Products industry median of 2.18. Guangzhou Baiyun Electric Equipment Co's overall GF Score™ is 81/100 with 7 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 Guangzhou Baiyun Electric Equipment Co (SHSE:603861), the current PB Ratio is 1.61 as of Aug. 23, 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 Guangzhou Baiyun Electric Equipment Co (SHSE:603861) Overvalued in 2026?
Based on GuruFocus' analysis, Guangzhou Baiyun Electric Equipment Co stock appears to be overvalued.
The current stock price of ¥11.96 is trading 37% above its estimated GF Value™ of ¥8.73.
GuruFocus considers Guangzhou Baiyun Electric Equipment Co to be Significantly Overvalued.
Key valuation signals for SHSE:603861:
PB Ratio: 1.61 (near median its 10-year median of 1.56)
GF Value™: ¥8.73 vs. price of ¥11.96 (37% above fair value)
Industry Position: 26.1% below the Industrial Products median (#1103 of 2990)
No single metric tells the full story. See the SHSE:603861 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangzhou Baiyun Electric Equipment Co Ltd engages in the research, development, manufacture, and sales of high and low voltage switchgear assemblies and components. Its products include gas-insulated substation integrated electric equipment, high and low voltage assembly, direct current traction, low voltage components, prefabricated transformer substation, and intelligent products. Its products are used in rail transit, grid, power generation, metallurgy of iron and steel, petroleum, paper, automotive, nuclear power, municipal facilities, building, and other fields.
81GF Score
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