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SBT Ultrasonic Technology CoSHSE:688392 +2.66%90 PB Ratio is 8.60 as of Aug. 06, 2026, which is 61% above its 10-year median of 5.35. GuruFocus rates SHSE:688392 with a GF Score™ of 90/100 and a GF Value™ of ¥103.15 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,976 Industrial Products companies, SBT Ultrasonic Technology Co ranks worse than 91.13% on this metric.
The historical rank and industry rank for SBT Ultrasonic Technology Co's PB Ratio or its related term are showing as below:
SHSE:688392'
s PB Ratio Range Over the Past 10 Years
Min: 1.96 Med: 5.35 Max: 12.9
Current: 8.6
During the past 8 years, SBT Ultrasonic Technology Co's highest PB Ratio was 12.90. The lowest was 1.96. And the median was 5.35.
SHSE:688392's PB Ratio is ranked worse than 91.13% of 2976
companies
in the Industrial Products industry
Industry Median: 2.19
vs SHSE:688392: 8.60
During the past 12 months, SBT Ultrasonic Technology Co's average Book Value Per Share Growth Rate was 7.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 61.00% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of SBT Ultrasonic Technology Co was 132.00% per year. The lowest was 0.70% per year. And the median was 54.90% 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.
SBT Ultrasonic Technology Co PB Ratio Related Terms
SBT Ultrasonic 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.
For the Specialty Industrial Machinery subindustry, SBT Ultrasonic Technology 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.
SBT Ultrasonic Technology Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, SBT Ultrasonic Technology Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where SBT Ultrasonic Technology Co's PB Ratio falls into.
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.
SBT Ultrasonic Technology Co (SHSE:688392) has a PB Ratio of 8.60 as of Aug. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on SBT Ultrasonic Technology Co and its competitors. This is 61% above median its historical median of 5.35. Over the past decade, SBT Ultrasonic Technology Co's PB Ratio has ranged from 1.96 to 12.90. According to the industry distribution chart, SBT Ultrasonic Technology Co ranks #2712 out of 2976 companies in the Industrial Products industry, placing it in the top 91.1%.
Is SBT Ultrasonic Technology Co's PB Ratio too high?
SBT Ultrasonic Technology Co's current PB Ratio of 8.60 is 61% above median its 10-year median of 5.35. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 12.90. The Industrial Products industry median PB Ratio is 2.19. SBT Ultrasonic Technology Co's value of 8.60 is 292.7% above this industry median. Based on the distribution chart, SBT Ultrasonic Technology Co ranks #2712 out of 2976 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, SBT Ultrasonic Technology Co has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBT Ultrasonic Technology Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, SBT Ultrasonic Technology Co ranks #2712 out of 2976 companies for PB Ratio. This places SBT Ultrasonic Technology Co in the lower half of its industry. The industry median PB Ratio is 2.19. SBT Ultrasonic Technology Co's value of 8.60 is 292.7% above this benchmark. Historically, SBT Ultrasonic Technology Co's own PB Ratio has ranged from 1.96 to 12.90 over the past decade. While the company's 10-year median is 5.35 vs. the industry median of 2.19, SBT Ultrasonic 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.19, based on 2,976 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. SBT Ultrasonic Technology Co's current PB Ratio of 8.60 is 292.7% 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 SBT Ultrasonic Technology Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBT Ultrasonic Technology Co's current PB Ratio is 8.60, which is 61% above median its own 10-year median of 5.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBT Ultrasonic Technology Co stock overvalued right now?
Based on GuruFocus' analysis, SBT Ultrasonic Technology Co (SHSE:688392) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥103.15, compared to a current price of ¥138.02 — trading 33.8% above its estimated fair value. The current PB Ratio is 8.60, which is 61% above median its 10-year median of 5.35 and 292.7% above the Industrial Products industry median of 2.19. SBT Ultrasonic Technology Co's overall GF Score™ is 90/100 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 SBT Ultrasonic Technology Co (SHSE:688392), the current PB Ratio is 8.60 as of Aug. 06, 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 SBT Ultrasonic Technology Co (SHSE:688392) Overvalued in 2026?
Based on GuruFocus' analysis, SBT Ultrasonic Technology Co stock appears to be overvalued.
The current stock price of ¥138.02 is trading 33.8% above its estimated GF Value™ of ¥103.15.
GuruFocus considers SBT Ultrasonic Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688392:
PB Ratio: 8.60 (61% above median its 10-year median of 5.35)
GF Value™: ¥103.15 vs. price of ¥138.02 (33.8% above fair value)
Industry Position: 292.7% above the Industrial Products median (#2712 of 2976)
No single metric tells the full story. See the SHSE:688392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBT Ultrasonic Technology Co Ltd is engaged in the research and development, design, manufacture, sales, and after-sales service of ultrasonic welding, cutting system application products, online testing, and automation products. The company's equipment is widely used in lithium batteries, wiring harnesses, 3C, semiconductor IGBT power modules, rubber tires, food, pharmaceutical, plastic packaging, and other fields.
90GF Score
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