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Harbin Electric CoFRA:HP6H -0.53%60 PB Ratio is 1.96 as of Aug. 15, 2026, which is 494% above its 10-year median of 0.33. GuruFocus rates FRA:HP6H with a GF Score™ of 60/100 and a GF Value™ of €0.50 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,980 Industrial Products companies, Harbin Electric Co ranks better than 55.47% on this metric.
The historical rank and industry rank for Harbin Electric Co's PB Ratio or its related term are showing as below:
FRA:HP6H'
s PB Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.33 Max: 3.2
Current: 1.97
During the past 13 years, Harbin Electric Co's highest PB Ratio was 3.20. The lowest was 0.15. And the median was 0.33.
FRA:HP6H's PB Ratio is ranked better than 55.47% of 2980
companies
in the Industrial Products industry
Industry Median: 2.215
vs FRA:HP6H: 1.97
During the past 12 months, Harbin Electric Co's average Book Value Per Share Growth Rate was 19.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Harbin Electric Co was 31.70% per year. The lowest was -14.60% per year. And the median was 1.80% 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.
Harbin Electric Co PB Ratio Related Terms
Harbin Electric Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Harbin Electric 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.
For the Specialty Industrial Machinery subindustry, Harbin Electric 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.
Harbin Electric Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Harbin Electric Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Harbin Electric Co'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.
Harbin Electric Co (FRA:HP6H) has a PB Ratio of 1.96 as of Aug. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harbin Electric Co and its competitors. This is 494% above median its historical median of 0.33. Over the past decade, Harbin Electric Co's PB Ratio has ranged from 0.15 to 3.20. According to the industry distribution chart, Harbin Electric Co ranks #1327 out of 2980 companies in the Industrial Products industry, placing it in the top 44.5%.
Is Harbin Electric Co's PB Ratio too high?
Harbin Electric Co's current PB Ratio of 1.96 is 494% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 3.20. The Industrial Products industry median PB Ratio is 2.22. Harbin Electric Co's value of 1.96 is 11.5% below this industry median. Based on the distribution chart, Harbin Electric Co ranks #1327 out of 2980 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Harbin Electric Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbin Electric Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Harbin Electric Co ranks #1327 out of 2980 companies for PB Ratio. This puts Harbin Electric Co in the upper half of its industry. The industry median PB Ratio is 2.22. Harbin Electric Co's value of 1.96 is 11.5% below this benchmark. Historically, Harbin Electric Co's own PB Ratio has ranged from 0.15 to 3.20 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 2.22, Harbin Electric 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.22, based on 2,980 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. Harbin Electric Co's current PB Ratio of 1.96 is 11.5% 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 Harbin Electric Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin Electric Co's current PB Ratio is 1.96, which is 494% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin Electric Co (FRA:HP6H) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.50, compared to a current price of €1.89 — trading 278% above its estimated fair value. The current PB Ratio is 1.96, which is 494% above median its 10-year median of 0.33 and 11.5% below the Industrial Products industry median of 2.22. Harbin Electric Co's overall GF Score™ is 60/100 with 3 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 Harbin Electric Co (FRA:HP6H), the current PB Ratio is 1.96 as of Aug. 15, 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 Harbin Electric Co (FRA:HP6H) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin Electric Co stock appears to be overvalued.
The current stock price of €1.89 is trading 278% above its estimated GF Value™ of €0.50.
GuruFocus considers Harbin Electric Co to be Significantly Overvalued.
Key valuation signals for FRA:HP6H:
PB Ratio: 1.96 (494% above median its 10-year median of 0.33)
GF Value™: €0.50 vs. price of €1.89 (278% above fair value)
Industry Position: 11.5% below the Industrial Products median (#1327 of 2980)
No single metric tells the full story. See the FRA:HP6H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin Electric Co Ltd is a manufacturer of power plant equipment. The company's main business segments are: large-scale thermal power, hydropower, nuclear power and their auxiliary equipment manufacturing, power station project turnkey projects, ship power units and electrical drive devices and other product development, design and manufacturing. The Company classifies its core business into a business system comprising three segments: New-type power systems, clean and efficient industrial systems, and green and low-carbon driving systems. The company earns majority revenue from New-type power systems segment.
60GF Score
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