Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
BJSE:920870's PB Ratio is ranked worse than 69.84% of 2994
companies
in the Industrial Products industry
Industry Median: 2.21
vs BJSE:920870: 3.64
During the past 12 months, Heatking Induction Technology (Shiyan) Co's average Book Value Per Share Growth Rate was 1.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 30.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.80% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Heatking Induction Technology (Shiyan) Co was 57.60% per year. The lowest was -22.10% per year. And the median was 8.30% 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.
Heatking Induction Technology (Shiyan) Co PB Ratio Related Terms
Heatking Induction Technology (Shiyan) 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.
Heatking Induction Technology (Shiyan) Co PB Ratio Chart
Heatking Induction Technology (Shiyan) Co Annual Data
For the Specialty Industrial Machinery subindustry, Heatking Induction Technology (Shiyan) 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.
Heatking Induction Technology (Shiyan) Co PB Ratio vs Industrial Products Industry
Heatking Induction Technology (Shiyan) 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.
Heatking Induction Technology (Shiyan) Co (BJSE:920870) has a PB Ratio of 3.63 as of Sep. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Heatking Induction Technology (Shiyan) Co and its competitors. This is near median its historical median of 3.36. Over the past decade, Heatking Induction Technology (Shiyan) Co's PB Ratio has ranged from 1.69 to 7.33. According to the industry distribution chart, Heatking Induction Technology (Shiyan) Co ranks #2091 out of 2994 companies in the Industrial Products industry, placing it in the top 69.8%.
Is Heatking Induction Technology (Shiyan) Co's PB Ratio too high?
Heatking Induction Technology (Shiyan) Co's current PB Ratio of 3.63 is near median its 10-year median of 3.36. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 7.33. The Industrial Products industry median PB Ratio is 2.21. Heatking Induction Technology (Shiyan) Co's value of 3.63 is 64.3% above this industry median. Based on the distribution chart, Heatking Induction Technology (Shiyan) Co ranks #2091 out of 2994 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Heatking Induction Technology (Shiyan) Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heatking Induction Technology (Shiyan) Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Heatking Induction Technology (Shiyan) Co ranks #2091 out of 2994 companies for PB Ratio. This places Heatking Induction Technology (Shiyan) Co in the lower half of its industry. The industry median PB Ratio is 2.21. Heatking Induction Technology (Shiyan) Co's value of 3.63 is 64.3% above this benchmark. Historically, Heatking Induction Technology (Shiyan) Co's own PB Ratio has ranged from 1.69 to 7.33 over the past decade. While the company's 10-year median is 3.36 vs. the industry median of 2.21, Heatking Induction Technology (Shiyan) 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 2.21, based on 2,994 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. Heatking Induction Technology (Shiyan) Co's current PB Ratio of 3.63 is 64.3% 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 Heatking Induction Technology (Shiyan) Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heatking Induction Technology (Shiyan) Co's current PB Ratio is 3.63, which is near median its own 10-year median of 3.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heatking Induction Technology (Shiyan) Co stock overvalued right now?
Based on GuruFocus' analysis, Heatking Induction Technology (Shiyan) Co (BJSE:920870) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.02, compared to a current price of ¥12.18 — trading 18.9% below its estimated fair value. The current PB Ratio is 3.63, which is near median its 10-year median of 3.36 and 64.3% above the Industrial Products industry median of 2.21. Heatking Induction Technology (Shiyan) Co's overall GF Score™ is 70/100 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 Heatking Induction Technology (Shiyan) Co (BJSE:920870), the current PB Ratio is 3.63 as of Sep. 05, 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 Heatking Induction Technology (Shiyan) Co (BJSE:920870) Overvalued in 2026?
Based on GuruFocus' analysis, Heatking Induction Technology (Shiyan) Co stock appears to be undervalued.
The current stock price of ¥12.18 is trading 18.9% below its estimated GF Value™ of ¥15.02.
GuruFocus considers Heatking Induction Technology (Shiyan) Co to be Modestly Undervalued.
Key valuation signals for BJSE:920870:
PB Ratio: 3.63 (near median its 10-year median of 3.36)
GF Value™: ¥15.02 vs. price of ¥12.18 (18.9% below fair value)
Industry Position: 64.3% above the Industrial Products median (#2091 of 2994)
No single metric tells the full story. See the BJSE:920870 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heatking Induction Technology (Shiyan) Co Ltd engages in research and development, production, sales, and technical services of medium and high-end CNC induction heat treatment complete sets of equipment and key functional components. Its products comprise induction heating, machine workpiece, automotive workpiece, wind power workpiece, Heating Industry, Military Workpiece, Standard Equipment, Heat Treatment, Cooling System, Monitoring System, Power Switch, Heating Transformer, and Heating Coils & Inductors.
70GF Score
Get the complete analysis for BJSE:920870
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BJSE:920870 has been successfully added to your 
