Wangli Security & Surveillance Product Co (SHSE:605268) PB Ratio: 2.37 (As of Aug. 15, 2026) — 11% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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:605268 Wangli Security & Surveillance Product Co Ltd SHSE:605268
85 GF Score
Price ¥9.17
GF Value ¥10.32
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Wangli Security & Surveillance Product Co PB Ratio?

Wangli Security & Surveillance Product Co SHSE:605268 -0.97% 85 PB Ratio is 2.37 as of Aug. 15, 2026, which is 11% below its 10-year median of 2.65. GuruFocus rates SHSE:605268 with a GF Score™ of 85/100 and a GF Value™ of ¥10.32 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,045 Business Services companies, Wangli Security & Surveillance Product Co ranks worse than 65.84% on this metric.

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. As of today (2026-08-15), Wangli Security & Surveillance Product Co's share price is ¥9.17. Wangli Security & Surveillance Product Co's Book Value per Share for the quarter that ended in Mar. 2026 was ¥3.86. Hence, Wangli Security & Surveillance Product Co's PB Ratio of today is 2.37.

Good Sign:

Wangli Security & Surveillance Product Co Ltd stock PB Ratio (=2.37) is close to 1-year low of 2.2.

The historical rank and industry rank for Wangli Security & Surveillance Product Co's PB Ratio or its related term are showing as below:

SHSE:605268' s PB Ratio Range Over the Past 10 Years
Min: 1.75   Med: 2.65   Max: 6.03
Current: 2.37

During the past 10 years, Wangli Security & Surveillance Product Co's highest PB Ratio was 6.03. The lowest was 1.75. And the median was 2.65.

SHSE:605268's PB Ratio is ranked worse than
65.84% of 1045 companies
in the Business Services industry
Industry Median: 1.67 vs SHSE:605268: 2.37

During the past 12 months, Wangli Security & Surveillance Product Co's average Book Value Per Share Growth Rate was 4.60% 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 2.70% per year.

During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Wangli Security & Surveillance Product Co was 20.70% per year. The lowest was -2.80% per year. And the median was 11.60% per year.

Back to Basics: PB Ratio


Wangli Security & Surveillance Product Co  (SHSE:605268) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Wangli Security & Surveillance Product Co PB Ratio Related Terms


Wangli Security & Surveillance Product Co PB Ratio Historical Data

* Premium members only.

The historical data trend for Wangli Security & Surveillance Product Co's PB Ratio can be seen below:

* 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.

Wangli Security & Surveillance Product Co PB Ratio Chart

Wangli Security & Surveillance Product Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.24 2.36 2.64 2.31 2.81

Wangli Security & Surveillance Product Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.23 2.62 2.66 2.81 3.17

SHSE:605268 vs ALLE, MSA, ADT: PB Ratio Comparison

For the Security & Protection Services subindustry, Wangli Security & Surveillance Product 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.


Wangli Security & Surveillance Product Co PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Wangli Security & Surveillance Product Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Wangli Security & Surveillance Product Co's PB Ratio falls into.


SHSE:605268
85GF Score
Wangli Security & Surveillance Product Co Ltd SHSE:605268
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wangli Security & Surveillance Product 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.

Wangli Security & Surveillance Product Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=9.17/3.864
=2.37

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.37 mean?
Wangli Security & Surveillance Product Co (SHSE:605268) has a PB Ratio of 2.37 as of Aug. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Wangli Security & Surveillance Product Co and its competitors. This is 11% below median its historical median of 2.65. Over the past decade, Wangli Security & Surveillance Product Co's PB Ratio has ranged from 1.75 to 6.03. According to the industry distribution chart, Wangli Security & Surveillance Product Co ranks #688 out of 1045 companies in the Business Services industry, placing it in the top 65.8%.
Is Wangli Security & Surveillance Product Co's PB Ratio too high?
Wangli Security & Surveillance Product Co's current PB Ratio of 2.37 is 11% below median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 6.03. The Business Services industry median PB Ratio is 1.67. Wangli Security & Surveillance Product Co's value of 2.37 is 41.9% above this industry median. Based on the distribution chart, Wangli Security & Surveillance Product Co ranks #688 out of 1045 companies in the Business Services industry, which is below the industry midpoint. Overall, Wangli Security & Surveillance Product Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wangli Security & Surveillance Product Co's PB Ratio compare to ALLE and MSA?
According to the Business Services industry distribution chart, Wangli Security & Surveillance Product Co ranks #688 out of 1045 companies for PB Ratio. This places Wangli Security & Surveillance Product Co in the lower half of its industry. The industry median PB Ratio is 1.67. Wangli Security & Surveillance Product Co's value of 2.37 is 41.9% above this benchmark. Historically, Wangli Security & Surveillance Product Co's own PB Ratio has ranged from 1.75 to 6.03 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 1.67, Wangli Security & Surveillance Product 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 Business Services company?
The median PB Ratio among Business Services companies is 1.67, based on 1,045 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. Wangli Security & Surveillance Product Co's current PB Ratio of 2.37 is 41.9% 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 Wangli Security & Surveillance Product Co and its competitors. For the Business Services industry, the median PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wangli Security & Surveillance Product Co's current PB Ratio is 2.37, which is 11% below median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wangli Security & Surveillance Product Co stock overvalued right now?
Based on GuruFocus' analysis, Wangli Security & Surveillance Product Co (SHSE:605268) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥10.32, compared to a current price of ¥9.17 — trading 11.1% below its estimated fair value. The current PB Ratio is 2.37, which is 11% below median its 10-year median of 2.65 and 41.9% above the Business Services industry median of 1.67. Wangli Security & Surveillance Product Co's overall GF Score™ is 85/100 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 Wangli Security & Surveillance Product Co (SHSE:605268), the current PB Ratio is 2.37 as of Aug. 15, 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 Wangli Security & Surveillance Product Co (SHSE:605268) Overvalued in 2026?

Based on GuruFocus' analysis, Wangli Security & Surveillance Product Co stock appears to be undervalued. The current stock price of ¥9.17 is trading 11.1% below its estimated GF Value™ of ¥10.32. GuruFocus considers Wangli Security & Surveillance Product Co to be Modestly Undervalued.

Key valuation signals for SHSE:605268:

  • PB Ratio: 2.37 (11% below median its 10-year median of 2.65)
  • GF Value™: ¥10.32 vs. price of ¥9.17 (11.1% below fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 41.9% above the Business Services median (#688 of 1045)

No single metric tells the full story. See the SHSE:605268 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wangli Security & Surveillance Product Co Business Description

Address No. 9, Aigang Road, Yongkang Economic Development Zone, Zhejiang Province, Jinhua, CHN, 321300
Wangli Security & Surveillance Product Co Ltd is engaged in the research and development, design, production and sales of door products such as security doors and lock products such as mechanical locks and smart locks.
85GF Score

Get the complete analysis for SHSE:605268

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥9.17
Price
¥10.32
GF Value