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SHSE:603878's PB Ratio is ranked worse than 55.08% of 610
companies
in the Steel industry
Industry Median: 0.97
vs SHSE:603878: 1.06
During the past 12 months, Jiangsu Wujin Stainless Steel Pipe Group Co's average Book Value Per Share Growth Rate was -0.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Jiangsu Wujin Stainless Steel Pipe Group Co was 16.80% per year. The lowest was 0.60% per year. And the median was 6.00% 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 Wujin Stainless Steel Pipe Group Co PB Ratio Related Terms
Jiangsu Wujin Stainless Steel Pipe 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.
Jiangsu Wujin Stainless Steel Pipe Group Co PB Ratio Chart
Jiangsu Wujin Stainless Steel Pipe Group 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 Wujin Stainless Steel Pipe Group Co PB Ratio vs Steel Industry
Jiangsu Wujin Stainless Steel Pipe 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.
Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878) has a PB Ratio of 1.06 as of Aug. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Jiangsu Wujin Stainless Steel Pipe Group Co and its competitors. This is 23% below median its historical median of 1.37. Over the past decade, Jiangsu Wujin Stainless Steel Pipe Group Co's PB Ratio has ranged from 0.92 to 5.03. According to the industry distribution chart, Jiangsu Wujin Stainless Steel Pipe Group Co ranks #336 out of 610 companies in the Steel industry, placing it in the top 55.1%.
Is Jiangsu Wujin Stainless Steel Pipe Group Co's PB Ratio too high?
Jiangsu Wujin Stainless Steel Pipe Group Co's current PB Ratio of 1.06 is 23% below median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 5.03. The Steel industry median PB Ratio is 0.97. Jiangsu Wujin Stainless Steel Pipe Group Co's value of 1.06 is 9.3% above this industry median. Based on the distribution chart, Jiangsu Wujin Stainless Steel Pipe Group Co ranks #336 out of 610 companies in the Steel industry, which is below the industry midpoint. Overall, Jiangsu Wujin Stainless Steel Pipe Group Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Wujin Stainless Steel Pipe Group Co's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Jiangsu Wujin Stainless Steel Pipe Group Co ranks #336 out of 610 companies for PB Ratio. This places Jiangsu Wujin Stainless Steel Pipe Group Co in the lower half of its industry. The industry median PB Ratio is 0.97. Jiangsu Wujin Stainless Steel Pipe Group Co's value of 1.06 is 9.3% above this benchmark. Historically, Jiangsu Wujin Stainless Steel Pipe Group Co's own PB Ratio has ranged from 0.92 to 5.03 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 0.97, Jiangsu Wujin Stainless Steel Pipe Group 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 Steel company?
The median PB Ratio among Steel companies is 0.97, based on 610 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 Wujin Stainless Steel Pipe Group Co's current PB Ratio of 1.06 is 9.3% 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 Wujin Stainless Steel Pipe Group Co and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Wujin Stainless Steel Pipe Group Co's current PB Ratio is 1.06, which is 23% below median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Wujin Stainless Steel Pipe Group Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.27, compared to a current price of ¥4.94 — trading 21.2% below its estimated fair value. The current PB Ratio is 1.06, which is 23% below median its 10-year median of 1.37 and 9.3% above the Steel industry median of 0.97. Jiangsu Wujin Stainless Steel Pipe Group Co's overall GF Score™ is 76/100 with 6 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 Wujin Stainless Steel Pipe Group Co (SHSE:603878), the current PB Ratio is 1.06 as of Aug. 08, 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 Wujin Stainless Steel Pipe Group Co (SHSE:603878) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Wujin Stainless Steel Pipe Group Co stock appears to be undervalued.
The current stock price of ¥4.94 is trading 21.2% below its estimated GF Value™ of ¥6.27.
GuruFocus considers Jiangsu Wujin Stainless Steel Pipe Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:603878:
PB Ratio: 1.06 (23% below median its 10-year median of 1.37)
GF Value™: ¥6.27 vs. price of ¥4.94 (21.2% below fair value)
Industry Position: 9.3% above the Steel median (#336 of 610)
No single metric tells the full story. See the SHSE:603878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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