BYD Co (FRA:BY6) PB Ratio: 2.78 (As of Jul. 12, 2026) — 33% Below Median


FRA:BY6 BYD Co Ltd FRA:BY6
92 GF Score
Price €9.55
GF Value €13.21
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is BYD Co PB Ratio?

BYD Co FRA:BY6 +2.63% 92 PB Ratio is 2.78 as of Jul. 12, 2026, which is 33% below its 10-year median of 4.15. GuruFocus rates FRA:BY6 with a GF Score™ of 92/100 and a GF Value™ of €13.21 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,294 Vehicles & Parts companies, BYD Co ranks worse than 78.21% on this metric.

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. As of today (2026-07-12), BYD Co's share price is €9.55. BYD Co's Book Value per Share for the quarter that ended in Mar. 2026 was €3.44. Hence, BYD Co's PB Ratio of today is 2.78.

The historical rank and industry rank for BYD Co's PB Ratio or its related term are showing as below:

FRA:BY6' s PB Ratio Range Over the Past 10 Years
Min: 1.93   Med: 4.15   Max: 12.81
Current: 3.28

During the past 13 years, BYD Co's highest PB Ratio was 12.81. The lowest was 1.93. And the median was 4.15.

FRA:BY6's PB Ratio is ranked worse than
78.21% of 1294 companies
in the Vehicles & Parts industry
Industry Median: 1.39 vs FRA:BY6: 3.28

During the past 12 months, BYD Co's average Book Value Per Share Growth Rate was 7.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 28.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 29.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 18.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of BYD Co was 42.90% per year. The lowest was -5.50% per year. And the median was 16.55% per year.

Back to Basics: PB Ratio


BYD Co  (FRA:BY6) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


BYD Co PB Ratio Related Terms


BYD Co PB Ratio Historical Data

* Premium members only.

The historical data trend for BYD Co'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.

BYD Co PB Ratio Chart

BYD Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.55 4.43 4.07 3.95 3.27

BYD Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.81 4.35 3.73 3.27 3.43

FRA:BY6 vs TSLA, GM, F: PB Ratio Comparison

For the Auto Manufacturers subindustry, BYD 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.


BYD Co PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BYD Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where BYD Co's PB Ratio falls into.


FRA:BY6
92GF Score
BYD Co Ltd FRA:BY6
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BYD 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.

BYD Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=9.55/3.44
=2.78

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.78 mean?
BYD Co (FRA:BY6) has a PB Ratio of 2.78 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BYD Co and its competitors. This is 33% below median its historical median of 4.15. Over the past decade, BYD Co's PB Ratio has ranged from 1.93 to 12.81. According to the industry distribution chart, BYD Co ranks #1012 out of 1294 companies in the Vehicles & Parts industry, placing it in the top 78.2%.
Is BYD Co's PB Ratio too high?
BYD Co's current PB Ratio of 2.78 is 33% below median its 10-year median of 4.15. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 12.81. The Vehicles & Parts industry median PB Ratio is 1.39. BYD Co's value of 2.78 is 100% above this industry median. Based on the distribution chart, BYD Co ranks #1012 out of 1294 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, BYD Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BYD Co's PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, BYD Co ranks #1012 out of 1294 companies for PB Ratio. This places BYD Co in the lower half of its industry. The industry median PB Ratio is 1.39. BYD Co's value of 2.78 is 100% above this benchmark. Historically, BYD Co's own PB Ratio has ranged from 1.93 to 12.81 over the past decade. While the company's 10-year median is 4.15 vs. the industry median of 1.39, BYD 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 Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.39, based on 1,294 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. BYD Co's current PB Ratio of 2.78 is 100% 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 BYD Co and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BYD Co's current PB Ratio is 2.78, which is 33% below median its own 10-year median of 4.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BYD Co stock overvalued right now?
Based on GuruFocus' analysis, BYD Co (FRA:BY6) is currently considered Modestly Undervalued. The stock's GF Value™ is €13.21, compared to a current price of €9.55 — trading 27.7% below its estimated fair value. The current PB Ratio is 2.78, which is 33% below median its 10-year median of 4.15 and 100% above the Vehicles & Parts industry median of 1.39. BYD Co's overall GF Score™ is 92/100 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 BYD Co (FRA:BY6), the current PB Ratio is 2.78 as of Jul. 12, 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 BYD Co (FRA:BY6) Overvalued in 2026?

Based on GuruFocus' analysis, BYD Co stock appears to be undervalued. The current stock price of €9.55 is trading 27.7% below its estimated GF Value™ of €13.21. GuruFocus considers BYD Co to be Modestly Undervalued.

Key valuation signals for FRA:BY6:

  • PB Ratio: 2.78 (33% below median its 10-year median of 4.15)
  • GF Value™: €13.21 vs. price of €9.55 (27.7% below fair value)
  • GF Score™: 92/100 with 5 warning signs
  • Industry Position: 100% above the Vehicles & Parts median (#1012 of 1294)

No single metric tells the full story. See the FRA:BY6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BYD Co Business Description

Address Unit 505-510, 1 Science Park E Avenue, 5th Floor, Core Building 1E, Pak Shek Kok, Tai Po, HKG
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 4.6 million passenger NEVs in 2025, accounting for 30% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.
92GF Score

Get the complete analysis for FRA:BY6

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.55
Price
€13.21
GF Value