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What is Ningbo Hicon Industry Technology Co PB Ratio?
Ningbo Hicon Industry Technology CoSZSE:001237 -0.80%20 PB Ratio is 5.42 as of Aug. 13, 2026, which is 8% below its 10-year median of 5.92. GuruFocus rates SZSE:001237 with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 423 Furnishings, Fixtures & Appliances companies, Ningbo Hicon Industry Technology Co ranks worse than 91.02% on this metric.
SZSE:001237's PB Ratio is ranked worse than 91.02% of 423
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.37
vs SZSE:001237: 5.43
During the past 3 years, the average Book Value Per Share Growth Rate was 50.20% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of Ningbo Hicon Industry Technology Co was 50.20% per year. The lowest was 50.20% per year. And the median was 50.20% 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.
Ningbo Hicon Industry Technology Co PB Ratio Related Terms
Ningbo Hicon Industry 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.
Ningbo Hicon Industry Technology Co PB Ratio Chart
Ningbo Hicon Industry Technology Co Annual Data
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Ningbo Hicon Industry Technology Co Quarterly Data
For the Furnishings, Fixtures & Appliances subindustry, Ningbo Hicon Industry 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.
Ningbo Hicon Industry Technology Co PB Ratio vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ningbo Hicon Industry Technology Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ningbo Hicon Industry Technology Co's PB Ratio falls into.
Ningbo Hicon Industry Technology 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.
Ningbo Hicon Industry Technology Co (SZSE:001237) has a PB Ratio of 5.42 as of Aug. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ningbo Hicon Industry Technology Co and its competitors. This is near median its historical median of 5.92. Over the past decade, Ningbo Hicon Industry Technology Co's PB Ratio has ranged from 5.12 to 11.17. According to the industry distribution chart, Ningbo Hicon Industry Technology Co ranks #385 out of 423 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 91%.
Is Ningbo Hicon Industry Technology Co's PB Ratio too high?
Ningbo Hicon Industry Technology Co's current PB Ratio of 5.42 is near median its 10-year median of 5.92. Over the past 10 years, this metric has ranged from a low of 5.12 to a high of 11.17. The Furnishings, Fixtures & Appliances industry median PB Ratio is 1.37. Ningbo Hicon Industry Technology Co's value of 5.42 is 295.6% above this industry median. Based on the distribution chart, Ningbo Hicon Industry Technology Co ranks #385 out of 423 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Ningbo Hicon Industry Technology Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Ningbo Hicon Industry Technology Co's PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ningbo Hicon Industry Technology Co ranks #385 out of 423 companies for PB Ratio. This places Ningbo Hicon Industry Technology Co in the lower half of its industry. The industry median PB Ratio is 1.37. Ningbo Hicon Industry Technology Co's value of 5.42 is 295.6% above this benchmark. Historically, Ningbo Hicon Industry Technology Co's own PB Ratio has ranged from 5.12 to 11.17 over the past decade. While the company's 10-year median is 5.92 vs. the industry median of 1.37, Ningbo Hicon Industry 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 a Furnishings, Fixtures & Appliances company?
The median PB Ratio among Furnishings, Fixtures & Appliances companies is 1.37, based on 423 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. Ningbo Hicon Industry Technology Co's current PB Ratio of 5.42 is 295.6% 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 Ningbo Hicon Industry Technology Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median PB Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Hicon Industry Technology Co's current PB Ratio is 5.42, which is near median its own 10-year median of 5.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Hicon Industry Technology Co stock overvalued right now?
Ningbo Hicon Industry Technology Co (SZSE:001237) has a current PB Ratio of 5.42. The current PB Ratio is 5.42, which is near median its 10-year median of 5.92 and 295.6% above the Furnishings, Fixtures & Appliances industry median of 1.37. Ningbo Hicon Industry Technology Co's overall GF Score™ is 20/100 with 1 warning sign 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 Ningbo Hicon Industry Technology Co (SZSE:001237), the current PB Ratio is 5.42 as of Aug. 13, 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.
Ningbo Hicon Industry Technology Co Ltd is engaged in the research, development, production, and sales of refrigeration equipment. The company's products are widely used in many commercial and household fields, such as restaurants, hotels, supermarkets, cafes, milk tea shops, convenience stores, bars, schools, and offices. It exports to various countries and regions around the world, including China, the United States, Canada, Germany, Sweden, and Australia. The company's offerings include ice makers, Commercial ice makers, wine cabinets, refrigerators, freezers, car refrigerators, Ice cream machines, display cases, and Snow melting machines.
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