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.
CPM GroupHKSE:01932 26 PB Ratio is 0.39 as of Aug. 23, 2026, which is 43% below its 10-year median of 0.68. GuruFocus rates HKSE:01932 with a GF Score™ of 26/100 and a GF Value™ of HK$0.11 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,580 Chemicals companies, CPM Group ranks better than 95.19% 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 (2026-08-23), CPM Group's share price is HK$0.136. CPM Group's Book Value per Share for the quarter that ended in Dec. 2025 was HK$0.35. Hence, CPM Group's PB Ratio of today is 0.39.
The historical rank and industry rank for CPM Group's PB Ratio or its related term are showing as below:
HKSE:01932'
s PB Ratio Range Over the Past 10 Years
Min: 0.32 Med: 0.68 Max: 1.05
Current: 0.39
During the past 12 years, CPM Group's highest PB Ratio was 1.05. The lowest was 0.32. And the median was 0.68.
HKSE:01932's PB Ratio is ranked better than 95.19% of 1580
companies
in the Chemicals industry
Industry Median: 1.72
vs HKSE:01932: 0.39
During the past 12 months, CPM Group's average Book Value Per Share Growth Rate was -6.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -12.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -9.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -6.40% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of CPM Group was 5.00% per year. The lowest was -12.00% per year. And the median was -7.70% 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.
CPM Group PB Ratio Related Terms
CPM Group PB Ratio Historical Data
* Premium members only.
The historical data trend for CPM Group'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 Chemicals subindustry, CPM 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.
CPM Group PB Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, CPM Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where CPM 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.
CPM Group's PB Ratio for today is calculated as follows:
* 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.
CPM Group (HKSE:01932) has a PB Ratio of 0.39 as of Aug. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on CPM Group and its competitors. This is 43% below median its historical median of 0.68. Over the past decade, CPM Group's PB Ratio has ranged from 0.32 to 1.05. According to the industry distribution chart, CPM Group ranks #76 out of 1580 companies in the Chemicals industry, placing it in the top 4.8%.
Is CPM Group's PB Ratio too high?
CPM Group's current PB Ratio of 0.39 is 43% below median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.05. The Chemicals industry median PB Ratio is 1.72. CPM Group's value of 0.39 is 77.3% below this industry median. Based on the distribution chart, CPM Group ranks #76 out of 1580 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, CPM Group has a GF Score™ of 26/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CPM Group's PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, CPM Group ranks #76 out of 1580 companies for PB Ratio. This places CPM Group in the top 5% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.72. CPM Group's value of 0.39 is 77.3% below this benchmark. Historically, CPM Group's own PB Ratio has ranged from 0.32 to 1.05 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 1.72, CPM 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 Chemicals company?
The median PB Ratio among Chemicals companies is 1.72, based on 1,580 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. CPM Group's current PB Ratio of 0.39 is 77.3% 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 CPM Group and its competitors. For the Chemicals industry, the median PB Ratio is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CPM Group's current PB Ratio is 0.39, which is 43% below median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CPM Group stock overvalued right now?
Based on GuruFocus' analysis, CPM Group (HKSE:01932) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.11, compared to a current price of HK$0.14 — trading 23.6% above its estimated fair value. The current PB Ratio is 0.39, which is 43% below median its 10-year median of 0.68 and 77.3% below the Chemicals industry median of 1.72. CPM Group's overall GF Score™ is 26/100 with 2 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 CPM Group (HKSE:01932), the current PB Ratio is 0.39 as of Aug. 23, 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 CPM Group (HKSE:01932) Overvalued in 2026?
Based on GuruFocus' analysis, CPM Group stock appears to be overvalued.
The current stock price of HK$0.14 is trading 23.6% above its estimated GF Value™ of HK$0.11.
GuruFocus considers CPM Group to be Modestly Overvalued.
Key valuation signals for HKSE:01932:
PB Ratio: 0.39 (43% below median its 10-year median of 0.68)
GF Value™: HK$0.11 vs. price of HK$0.14 (23.6% above fair value)
Industry Position: 77.3% below the Chemicals median (#76 of 1580)
No single metric tells the full story. See the HKSE:01932 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CPM Group Ltd is an investment holding company mainly engaged in the manufacture and sale of paint and coating products. The company has two reportable operating segments: the Paint Products segment which derives key revenue and participates in manufacturing and selling paint and coating products; and the Property Investment segment invests in industrial properties for their rental income potential. The company's principal products include industrial paint and coating products, architectural paint and coating products, general paint and coating, and ancillary products. It mainly distributes its products in the Mainland China and Hong Kong markets. The company derives the majority of revenue from Mainland China.
26GF Score
Get the complete analysis for HKSE:01932
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:01932 has been successfully added to your 
