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CTOBF's PB Ratio is ranked worse than 65.85% of 41
companies
in the Tobacco Products industry
Industry Median: 2.91
vs CTOBF: 3.90
During the past 12 months, China Tobacco International (HK) Co's average Book Value Per Share Growth Rate was 15.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.00% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of China Tobacco International (HK) Co was 43.60% per year. The lowest was -10.00% per year. And the median was 12.60% 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.
China Tobacco International (HK) Co PB Ratio Related Terms
China Tobacco International (HK) 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.
China Tobacco International (HK) Co PB Ratio Chart
For the Tobacco subindustry, China Tobacco International (HK) 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.
China Tobacco International (HK) Co PB Ratio vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, China Tobacco International (HK) Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where China Tobacco International (HK) Co's PB Ratio falls into.
China Tobacco International (HK) 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.
China Tobacco International (HK) Co (CTOBF) has a PB Ratio of 2.65 as of Sep. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on China Tobacco International (HK) Co and its competitors. This is 57% below median its historical median of 6.16. Over the past decade, China Tobacco International (HK) Co's PB Ratio has ranged from 2.52 to 28.57. According to the industry distribution chart, China Tobacco International (HK) Co ranks #27 out of 41 companies in the Tobacco Products industry, placing it in the top 65.9%.
Is China Tobacco International (HK) Co's PB Ratio too high?
China Tobacco International (HK) Co's current PB Ratio of 2.65 is 57% below median its 10-year median of 6.16. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 28.57. The Tobacco Products industry median PB Ratio is 2.91. China Tobacco International (HK) Co's value of 2.65 is 8.9% below this industry median. Based on the distribution chart, China Tobacco International (HK) Co ranks #27 out of 41 companies in the Tobacco Products industry, which is below the industry midpoint. Overall, China Tobacco International (HK) Co has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does China Tobacco International (HK) Co's PB Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, China Tobacco International (HK) Co ranks #27 out of 41 companies for PB Ratio. This places China Tobacco International (HK) Co in the lower half of its industry. The industry median PB Ratio is 2.91. China Tobacco International (HK) Co's value of 2.65 is 8.9% below this benchmark. Historically, China Tobacco International (HK) Co's own PB Ratio has ranged from 2.52 to 28.57 over the past decade. While the company's 10-year median is 6.16 vs. the industry median of 2.91, China Tobacco International (HK) Co 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 a Tobacco Products company?
The median PB Ratio among Tobacco Products companies is 2.91, based on 41 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 Tobacco International (HK) Co's current PB Ratio of 2.65 is 8.9% 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 Tobacco International (HK) Co and its competitors. For the Tobacco Products industry, the median PB Ratio is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tobacco International (HK) Co's current PB Ratio is 2.65, which is 57% below median its own 10-year median of 6.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tobacco International (HK) Co stock overvalued right now?
China Tobacco International (HK) Co (CTOBF) has a current PB Ratio of 2.65. The stock's GF Value™ is $1.93, compared to a current price of $2.05 — trading 6.2% above its estimated fair value. The current PB Ratio is 2.65, which is 57% below median its 10-year median of 6.16 and 8.9% below the Tobacco Products industry median of 2.91. China Tobacco International (HK) Co's overall GF Score™ is 88/100 with 2 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 Tobacco International (HK) Co (CTOBF), the current PB Ratio is 2.65 as of Sep. 20, 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 Tobacco International (HK) Co (CTOBF) Overvalued in 2026?
Based on GuruFocus' analysis, China Tobacco International (HK) Co stock appears to be overvalued.
The current stock price of $2.05 is trading 6.2% above its estimated GF Value™ of $1.93.
Key valuation signals for CTOBF:
PB Ratio: 2.65 (57% below median its 10-year median of 6.16)
GF Value™: $1.93 vs. price of $2.05 (6.2% above fair value)
Industry Position: 8.9% below the Tobacco Products median (#27 of 41)
No single metric tells the full story. See the CTOBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Tobacco International (HK) Co Ltd is engaged in the tobacco business. It operates through various segments namely the Tobacco Leaf Products Export Business, the Tobacco Leaf Product Import Business, the Cigarettes Export Business, the New Tobacco Product Export Business, and the Brazil Operation Business. The company's geographical segments are China (excluding the SARs), Indonesia, Korea, Hong Kong, Philippines, Vietnam, Brazil, Belgium, Poland, Paraguay, Egypt, and others, of which it derives maximum revenue from the PRC. It earns maximum revenue from the Tobacco Leaf Product Import Business.
88GF Score
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