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.
Quali-Smart HoldingsHKSE:01348 +0.56%28 PB Ratio is 19.89 as of Aug. 22, 2026, which is 1017% above its 10-year median of 1.78. GuruFocus rates HKSE:01348 with a GF Score™ of 28/100 and a GF Value™ of HK$0.01 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 794 Travel & Leisure companies, Quali-Smart Holdings ranks worse than 96.98% on this metric.
The historical rank and industry rank for Quali-Smart Holdings's PB Ratio or its related term are showing as below:
HKSE:01348'
s PB Ratio Range Over the Past 10 Years
Min: 0.34 Med: 1.78 Max: 38.89
Current: 17.9
During the past 13 years, Quali-Smart Holdings's highest PB Ratio was 38.89. The lowest was 0.34. And the median was 1.78.
HKSE:01348's PB Ratio is ranked worse than 96.98% of 794
companies
in the Travel & Leisure industry
Industry Median: 1.505
vs HKSE:01348: 17.90
During the past 12 months, Quali-Smart Holdings's average Book Value Per Share Growth Rate was -65.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -52.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -45.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -28.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Quali-Smart Holdings was 35.40% per year. The lowest was -52.90% per year. And the median was -10.75% 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.
Quali-Smart Holdings PB Ratio Related Terms
Quali-Smart Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Quali-Smart Holdings'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 Leisure subindustry, Quali-Smart Holdings'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.
Quali-Smart Holdings PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Quali-Smart Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Quali-Smart Holdings'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.
Quali-Smart Holdings (HKSE:01348) has a PB Ratio of 19.89 as of Aug. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Quali-Smart Holdings and its competitors. This is 1017% above median its historical median of 1.78. Over the past decade, Quali-Smart Holdings' PB Ratio has ranged from 0.34 to 38.89. According to the industry distribution chart, Quali-Smart Holdings ranks #770 out of 794 companies in the Travel & Leisure industry, placing it in the top 97%.
Is Quali-Smart Holdings' PB Ratio too high?
Quali-Smart Holdings' current PB Ratio of 19.89 is 1017% above median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 38.89. The Travel & Leisure industry median PB Ratio is 1.51. Quali-Smart Holdings' value of 19.89 is 1221.6% above this industry median. Based on the distribution chart, Quali-Smart Holdings ranks #770 out of 794 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Quali-Smart Holdings has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Quali-Smart Holdings' PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Quali-Smart Holdings ranks #770 out of 794 companies for PB Ratio. This places Quali-Smart Holdings in the lower half of its industry. The industry median PB Ratio is 1.51. Quali-Smart Holdings' value of 19.89 is 1221.6% above this benchmark. Historically, Quali-Smart Holdings' own PB Ratio has ranged from 0.34 to 38.89 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 1.51, Quali-Smart Holdings 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 Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.51, based on 794 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. Quali-Smart Holdings's current PB Ratio of 19.89 is 1221.6% 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 Quali-Smart Holdings and its competitors. For the Travel & Leisure 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. Quali-Smart Holdings's current PB Ratio is 19.89, which is 1017% above median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quali-Smart Holdings stock overvalued right now?
Based on GuruFocus' analysis, Quali-Smart Holdings (HKSE:01348) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.01, compared to a current price of HK$0.18 — trading 1690% above its estimated fair value. The current PB Ratio is 19.89, which is 1017% above median its 10-year median of 1.78 and 1221.6% above the Travel & Leisure industry median of 1.51. Quali-Smart Holdings' overall GF Score™ is 28/100 with 6 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 Quali-Smart Holdings (HKSE:01348), the current PB Ratio is 19.89 as of Aug. 22, 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 Quali-Smart Holdings (HKSE:01348) Overvalued in 2026?
Based on GuruFocus' analysis, Quali-Smart Holdings stock appears to be overvalued.
The current stock price of HK$0.18 is trading 1690% above its estimated GF Value™ of HK$0.01.
GuruFocus considers Quali-Smart Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01348:
PB Ratio: 19.89 (1017% above median its 10-year median of 1.78)
GF Value™: HK$0.01 vs. price of HK$0.18 (1690% above fair value)
Industry Position: 1221.6% above the Travel & Leisure median (#770 of 794)
No single metric tells the full story. See the HKSE:01348 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quali-Smart Holdings Ltd is an investment holding company. The company's operating segment includes the Manufacturing and sales of toys and Financial Services. It generates maximum revenue from the Manufacturing and sales of toys segment. The Financial Services segment includes securities brokerage, underwriting, securities margin financing, investment advisory, corporate finance, and asset management services. Geographically, it derives a majority of its revenue from North America which includes the United States of America and Canada, and also has a presence in the United Kingdom; France; PRC, and Taiwan; Central America, Caribbean, and Mexico; Australia, New Zealand, and Pacific Islands and other countries.
28GF Score
Get the complete analysis for HKSE:01348
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:01348 has been successfully added to your 
