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.
HKSE:00840's PB Ratio is ranked better than 97.55% of 204
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.51
vs HKSE:00840: 0.24
During the past 12 months, Xinjiang Tianye Waterving Irrigation System Co's average Book Value Per Share Growth Rate was -11.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -11.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -12.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -7.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Xinjiang Tianye Waterving Irrigation System Co was 8.50% per year. The lowest was -13.90% per year. And the median was -2.50% 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.
Xinjiang Tianye Waterving Irrigation System Co PB Ratio Related Terms
Xinjiang Tianye Waterving Irrigation System 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.
Xinjiang Tianye Waterving Irrigation System Co PB Ratio Chart
Xinjiang Tianye Waterving Irrigation System Co Annual Data
For the Farm & Heavy Construction Machinery subindustry, Xinjiang Tianye Waterving Irrigation System 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.
Xinjiang Tianye Waterving Irrigation System Co PB Ratio vs Farm & Heavy Construction Machinery Industry
Xinjiang Tianye Waterving Irrigation System 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.
Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) has a PB Ratio of 0.24 as of Aug. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Xinjiang Tianye Waterving Irrigation System Co and its competitors. This is near median its historical median of 0.24. Over the past decade, Xinjiang Tianye Waterving Irrigation System Co's PB Ratio has ranged from 0.13 to 0.57. According to the industry distribution chart, Xinjiang Tianye Waterving Irrigation System Co ranks #5 out of 204 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 2.5%.
Is Xinjiang Tianye Waterving Irrigation System Co's PB Ratio too high?
Xinjiang Tianye Waterving Irrigation System Co's current PB Ratio of 0.24 is near median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.57. The Farm & Heavy Construction Machinery industry median PB Ratio is 1.51. Xinjiang Tianye Waterving Irrigation System Co's value of 0.24 is 84.1% below this industry median. Based on the distribution chart, Xinjiang Tianye Waterving Irrigation System Co ranks #5 out of 204 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Xinjiang Tianye Waterving Irrigation System Co has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xinjiang Tianye Waterving Irrigation System Co's PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Xinjiang Tianye Waterving Irrigation System Co ranks #5 out of 204 companies for PB Ratio. This places Xinjiang Tianye Waterving Irrigation System Co in the top 3% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.51. Xinjiang Tianye Waterving Irrigation System Co's value of 0.24 is 84.1% below this benchmark. Historically, Xinjiang Tianye Waterving Irrigation System Co's own PB Ratio has ranged from 0.13 to 0.57 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 1.51, Xinjiang Tianye Waterving Irrigation System 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 Farm & Heavy Construction Machinery company?
The median PB Ratio among Farm & Heavy Construction Machinery companies is 1.51, based on 204 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. Xinjiang Tianye Waterving Irrigation System Co's current PB Ratio of 0.24 is 84.1% 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 Xinjiang Tianye Waterving Irrigation System Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xinjiang Tianye Waterving Irrigation System Co's current PB Ratio is 0.24, which is near median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xinjiang Tianye Waterving Irrigation System Co stock overvalued right now?
Based on GuruFocus' analysis, Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.08, compared to a current price of HK$0.17 — trading 112.5% above its estimated fair value. The current PB Ratio is 0.24, which is near median its 10-year median of 0.24 and 84.1% below the Farm & Heavy Construction Machinery industry median of 1.51. Xinjiang Tianye Waterving Irrigation System Co's overall GF Score™ is 30/100 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 Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840), the current PB Ratio is 0.24 as of Aug. 13, 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 Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) Overvalued in 2026?
Based on GuruFocus' analysis, Xinjiang Tianye Waterving Irrigation System Co stock appears to be overvalued.
The current stock price of HK$0.17 is trading 112.5% above its estimated GF Value™ of HK$0.08.
GuruFocus considers Xinjiang Tianye Waterving Irrigation System Co to be Significantly Overvalued.
Key valuation signals for HKSE:00840:
PB Ratio: 0.24 (near median its 10-year median of 0.24)
GF Value™: HK$0.08 vs. price of HK$0.17 (112.5% above fair value)
Industry Position: 84.1% below the Farm & Heavy Construction Machinery median (#5 of 204)
No single metric tells the full story. See the HKSE:00840 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xinjiang Tianye Water Saving Irrigation System Co Ltd is a China-based firm engaged in the manufacture of plastic products. Its activities include the production and marketing of agricultural plastic water-saving irrigation equipment and plastic pipelines, and construction and installation of water-saving irrigation systems. The company's products include the PVC materials for water supply pipes, PE piping materials and accessories, pressure compensatory drip tapes, labyrinth-style drip tapes, embedded-style drip tapes, agricultural tapes and drippers. It also offers installation services for water-saving irrigation systems.
30GF Score
Get the complete analysis for HKSE:00840
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
HKSE:00840 has been successfully added to your 
