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Huayu Expressway GroupHKSE:01823 -0.38%39 PB Ratio is 0.68 as of Aug. 21, 2026, which is 21% below its 10-year median of 0.86. GuruFocus rates HKSE:01823 with a GF Score™ of 39/100 and a GF Value™ of HK$0.33 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,726 Construction companies, Huayu Expressway Group ranks better than 76.88% on this metric.
The historical rank and industry rank for Huayu Expressway Group's PB Ratio or its related term are showing as below:
HKSE:01823'
s PB Ratio Range Over the Past 10 Years
Min: 0.17 Med: 0.86 Max: 20.53
Current: 0.68
During the past 13 years, Huayu Expressway Group's highest PB Ratio was 20.53. The lowest was 0.17. And the median was 0.86.
HKSE:01823's PB Ratio is ranked better than 76.88% of 1726
companies
in the Construction industry
Industry Median: 1.34
vs HKSE:01823: 0.68
During the past 12 months, Huayu Expressway Group's average Book Value Per Share Growth Rate was -1.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Huayu Expressway Group was 203.90% per year. The lowest was -57.20% per year. And the median was 11.60% 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.
* 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.
Huayu Expressway Group PB Ratio Competitor Comparison
For the Infrastructure Operations subindustry, Huayu Expressway Group'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.
Huayu Expressway Group PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Huayu Expressway Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Huayu Expressway Group'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.
Huayu Expressway Group (HKSE:01823) has a PB Ratio of 0.68 as of Aug. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Huayu Expressway Group and its competitors. This is 21% below median its historical median of 0.86. Over the past decade, Huayu Expressway Group's PB Ratio has ranged from 0.17 to 20.53. According to the industry distribution chart, Huayu Expressway Group ranks #399 out of 1726 companies in the Construction industry, placing it in the top 23.1%.
Is Huayu Expressway Group's PB Ratio too high?
Huayu Expressway Group's current PB Ratio of 0.68 is 21% below median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 20.53. The Construction industry median PB Ratio is 1.34. Huayu Expressway Group's value of 0.68 is 49.3% below this industry median. Based on the distribution chart, Huayu Expressway Group ranks #399 out of 1726 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Huayu Expressway Group has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Huayu Expressway Group's PB Ratio compare to competitors?
According to the Construction industry distribution chart, Huayu Expressway Group ranks #399 out of 1726 companies for PB Ratio. This places Huayu Expressway Group in the top 23% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.34. Huayu Expressway Group's value of 0.68 is 49.3% below this benchmark. Historically, Huayu Expressway Group's own PB Ratio has ranged from 0.17 to 20.53 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 1.34, Huayu Expressway Group 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 Construction company?
The median PB Ratio among Construction companies is 1.34, based on 1,726 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. Huayu Expressway Group's current PB Ratio of 0.68 is 49.3% 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 Huayu Expressway Group and its competitors. For the Construction industry, the median PB Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Huayu Expressway Group's current PB Ratio is 0.68, which is 21% below median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huayu Expressway Group stock overvalued right now?
Based on GuruFocus' analysis, Huayu Expressway Group (HKSE:01823) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.33, compared to a current price of HK$1.30 — trading 292.4% above its estimated fair value. The current PB Ratio is 0.68, which is 21% below median its 10-year median of 0.86 and 49.3% below the Construction industry median of 1.34. Huayu Expressway Group's overall GF Score™ is 39/100 with 7 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 Huayu Expressway Group (HKSE:01823), the current PB Ratio is 0.68 as of Aug. 21, 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 Huayu Expressway Group (HKSE:01823) Overvalued in 2026?
Based on GuruFocus' analysis, Huayu Expressway Group stock appears to be overvalued.
The current stock price of HK$1.30 is trading 292.4% above its estimated GF Value™ of HK$0.33.
GuruFocus considers Huayu Expressway Group to be Significantly Overvalued.
Key valuation signals for HKSE:01823:
PB Ratio: 0.68 (21% below median its 10-year median of 0.86)
GF Value™: HK$0.33 vs. price of HK$1.30 (292.4% above fair value)
Industry Position: 49.3% below the Construction median (#399 of 1726)
No single metric tells the full story. See the HKSE:01823 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Huayu Expressway Group Ltd is principally engaged in the construction, operation and management of the Qing Ping Expressway in the PRC. It also engages in the trading business of liquor and spirits in collaboration with the Kweichow Moutai Group and is the sole distributor of the Huamaojiu (liquor brand), as well as engages in winemaking and its other related businesses. It has two reportable segments Qing Ping Expressway, construction, operation and management of the Qing Ping Expressway; and Liquor and spirits, mainly distribution of Huamaojiu. The majority of the revenue comes from the Liquor and spirits segment. The company has presence in a single geographical region, which is Mainland China.
39GF Score
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