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WebRAY Tech GroupSHSE:688651 +1.10%88 PB Ratio is 2.75 as of Sep. 06, 2026, which is 6% below its 10-year median of 2.94. GuruFocus rates SHSE:688651 with a GF Score™ of 88/100 and a GF Value™ of ¥27.65 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,627 Software companies, WebRAY Tech Group ranks worse than 53.83% on this metric.
The historical rank and industry rank for WebRAY Tech Group's PB Ratio or its related term are showing as below:
SHSE:688651'
s PB Ratio Range Over the Past 10 Years
Min: 1.85 Med: 2.94 Max: 14.29
Current: 2.75
During the past 12 years, WebRAY Tech Group's highest PB Ratio was 14.29. The lowest was 1.85. And the median was 2.94.
SHSE:688651's PB Ratio is ranked worse than 53.83% of 2627
companies
in the Software industry
Industry Median: 2.5
vs SHSE:688651: 2.75
During the past 12 months, WebRAY Tech Group's average Book Value Per Share Growth Rate was -6.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 37.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 37.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 50.80% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of WebRAY Tech Group was 66.30% per year. The lowest was 37.30% per year. And the median was 52.80% 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.
WebRAY Tech Group PB Ratio Related Terms
WebRAY Tech Group PB Ratio Historical Data
* Premium members only.
The historical data trend for WebRAY Tech Group'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.
SHSE:688651 vs MSFT, PLTR, ORCL: PB Ratio Comparison
For the Software - Infrastructure subindustry, WebRAY Tech Group'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.
WebRAY Tech Group PB Ratio vs Software Industry
For the Software industry and Technology sector, WebRAY Tech Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where WebRAY Tech Group'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.
WebRAY Tech Group (SHSE:688651) has a PB Ratio of 2.75 as of Sep. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on WebRAY Tech Group and its competitors. This is near median its historical median of 2.94. Over the past decade, WebRAY Tech Group's PB Ratio has ranged from 1.85 to 14.29. According to the industry distribution chart, WebRAY Tech Group ranks #1414 out of 2627 companies in the Software industry, placing it in the top 53.8%.
Is WebRAY Tech Group's PB Ratio too high?
WebRAY Tech Group's current PB Ratio of 2.75 is near median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 1.85 to a high of 14.29. The Software industry median PB Ratio is 2.50. WebRAY Tech Group's value of 2.75 is 10% above this industry median. Based on the distribution chart, WebRAY Tech Group ranks #1414 out of 2627 companies in the Software industry, which is below the industry midpoint. Overall, WebRAY Tech Group has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WebRAY Tech Group's PB Ratio compare to MSFT and PLTR?
According to the Software industry distribution chart, WebRAY Tech Group ranks #1414 out of 2627 companies for PB Ratio. This places WebRAY Tech Group in the lower half of its industry. The industry median PB Ratio is 2.50. WebRAY Tech Group's value of 2.75 is 10% above this benchmark. Historically, WebRAY Tech Group's own PB Ratio has ranged from 1.85 to 14.29 over the past decade. While the company's 10-year median is 2.94 vs. the industry median of 2.50, WebRAY Tech Group 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 Software company?
The median PB Ratio among Software companies is 2.50, based on 2,627 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. WebRAY Tech Group's current PB Ratio of 2.75 is 10% 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 WebRAY Tech Group and its competitors. For the Software industry, the median PB Ratio is 2.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WebRAY Tech Group's current PB Ratio is 2.75, which is near median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WebRAY Tech Group stock overvalued right now?
Based on GuruFocus' analysis, WebRAY Tech Group (SHSE:688651) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥27.65, compared to a current price of ¥23.81 — trading 13.9% below its estimated fair value. The current PB Ratio is 2.75, which is near median its 10-year median of 2.94 and 10% above the Software industry median of 2.50. WebRAY Tech Group's overall GF Score™ is 88/100 with 3 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 WebRAY Tech Group (SHSE:688651), the current PB Ratio is 2.75 as of Sep. 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 WebRAY Tech Group (SHSE:688651) Overvalued in 2026?
Based on GuruFocus' analysis, WebRAY Tech Group stock appears to be undervalued.
The current stock price of ¥23.81 is trading 13.9% below its estimated GF Value™ of ¥27.65.
GuruFocus considers WebRAY Tech Group to be Modestly Undervalued.
Key valuation signals for SHSE:688651:
PB Ratio: 2.75 (near median its 10-year median of 2.94)
GF Value™: ¥27.65 vs. price of ¥23.81 (13.9% below fair value)
Industry Position: 10% above the Software median (#1414 of 2627)
No single metric tells the full story. See the SHSE:688651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WebRAY Tech Group Inc is engaged in Research and development, production and sales of network security products. The company is focused on the field of cyberspace security, with the mission of making cyberspace more orderly, providing customers with basic network security, business scene security, and cyberspace map security products and services.
88GF Score
Get the complete analysis for SHSE:688651
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