China Resources Gas GroupCGASY 65 PB Ratio is 0.88 as of Jun. 27, 2026, which is 67% below its 10-year median of 2.66. GuruFocus rates CGASY with a GF Score™ of 65/100 and a GF Value™ of $37.00 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 502 Utilities - Regulated companies, China Resources Gas Group ranks better than 75.9% on this metric.
China Resources Gas Group Ltd stock PB Ratio (=0.77) is close to 10-year low of 0.77.
The historical rank and industry rank for China Resources Gas Group's PB Ratio or its related term are showing as below:
CGASY'
s PB Ratio Range Over the Past 10 Years
Min: 0.77 Med: 2.66 Max: 4.32
Current: 0.77
During the past 13 years, China Resources Gas Group's highest PB Ratio was 4.32. The lowest was 0.77. And the median was 2.66.
CGASY's PB Ratio is ranked better than 75.9% of 502
companies
in the Utilities - Regulated industry
Industry Median: 1.42
vs CGASY: 0.77
During the past 12 months, China Resources Gas Group's average Book Value Per Share Growth Rate was 6.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Resources Gas Group was 57.00% per year. The lowest was -44.40% per year. And the median was 12.55% per year.
Back to Basics: PB Ratio
China Resources Gas Group (OTCPK:CGASY) PB Ratio Explanation
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.
China Resources Gas Group PB Ratio Related Terms
China Resources Gas Group 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 Utilities - Regulated Gas subindustry, China Resources Gas 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.
China Resources Gas Group PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, China Resources Gas Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where China Resources Gas 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.
China Resources Gas Group (CGASY) has a PB Ratio of 0.88 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on China Resources Gas Group and its competitors. This is 67% below median its historical median of 2.66. Over the past decade, China Resources Gas Group's PB Ratio has ranged from 0.77 to 4.32. According to the industry distribution chart, China Resources Gas Group ranks #121 out of 502 companies in the Utilities - Regulated industry, placing it in the top 24.1%.
Is China Resources Gas Group's PB Ratio too high?
China Resources Gas Group's current PB Ratio of 0.88 is 67% below median its 10-year median of 2.66. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 4.32. The Utilities - Regulated industry median PB Ratio is 1.42. China Resources Gas Group's value of 0.88 is 38% below this industry median. Based on the distribution chart, China Resources Gas Group ranks #121 out of 502 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, China Resources Gas Group has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Resources Gas Group's PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, China Resources Gas Group ranks #121 out of 502 companies for PB Ratio. This places China Resources Gas Group in the top 24% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.42. China Resources Gas Group's value of 0.88 is 38% below this benchmark. Historically, China Resources Gas Group's own PB Ratio has ranged from 0.77 to 4.32 over the past decade. While the company's 10-year median is 2.66 vs. the industry median of 1.42, China Resources Gas Group has consistently been below 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 Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.42, based on 502 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. China Resources Gas Group's current PB Ratio of 0.88 is 38% below 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 China Resources Gas Group and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Gas Group's current PB Ratio is 0.88, which is 67% below median its own 10-year median of 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Gas Group stock overvalued right now?
Based on GuruFocus' analysis, China Resources Gas Group (CGASY) is currently considered Possible Value Trap. The stock's GF Value™ is $37.00, compared to a current price of $21.81 — trading 41.1% below its estimated fair value. The current PB Ratio is 0.88, which is 67% below median its 10-year median of 2.66 and 38% below the Utilities - Regulated industry median of 1.42. China Resources Gas Group's overall GF Score™ is 65/100 with 7 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 China Resources Gas Group (CGASY), the current PB Ratio is 0.88 as of Jun. 27, 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 China Resources Gas Group (CGASY) Overvalued in 2026?
Based on GuruFocus' analysis, China Resources Gas Group stock appears to be undervalued.
The current stock price of $21.81 is trading 41.1% below its estimated GF Value™ of $37.00.
GuruFocus considers China Resources Gas Group to be Possible Value Trap.
Key valuation signals for CGASY:
PB Ratio: 0.88 (67% below median its 10-year median of 2.66)
GF Value™: $37.00 vs. price of $21.81 (41.1% below fair value)
Industry Position: 38% below the Utilities - Regulated median (#121 of 502)
No single metric tells the full story. See the CGASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2025, CRG's portfolio comprised 275 city gas projects in China. The firm achieved annual gas sales volume of 40.2 billion cubic meters and has connected 62.7 million residential customers.
65GF Score
Get the complete analysis for CGASY
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