Zero2IPO Holdings (HKSE:01945) PB Ratio: 0.64 (As of Aug. 08, 2026) — 17% Below Median

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Director of Data and Quant Analytics at GuruFocus
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HKSE:01945 Zero2IPO Holdings Inc HKSE:01945
87 GF Score
Price HK$1.51
GF Value HK$1.63
Valuation Fairly Valued
! 2 Warning Signs
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What is Zero2IPO Holdings PB Ratio?

Zero2IPO Holdings HKSE:01945 -0.66% 87 PB Ratio is 0.64 as of Aug. 08, 2026, which is 17% below its 10-year median of 0.77. GuruFocus rates HKSE:01945 with a GF Score™ of 87/100 and a GF Value™ of HK$1.63 (Fairly Valued). The stock has 2 warning signs investors should review. Among 453 Diversified Financial Services companies, Zero2IPO Holdings ranks better than 93.16% 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 (2026-08-08), Zero2IPO Holdings's share price is HK$1.51. Zero2IPO Holdings's Book Value per Share for the quarter that ended in Dec. 2025 was HK$2.36. Hence, Zero2IPO Holdings's PB Ratio of today is 0.64.

The historical rank and industry rank for Zero2IPO Holdings's PB Ratio or its related term are showing as below:

HKSE:01945' s PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.77   Max: 6.56
Current: 0.64

During the past 9 years, Zero2IPO Holdings's highest PB Ratio was 6.56. The lowest was 0.46. And the median was 0.77.

HKSE:01945's PB Ratio is ranked better than
93.16% of 453 companies
in the Diversified Financial Services industry
Industry Median: 1.39 vs HKSE:01945: 0.64

During the past 12 months, Zero2IPO Holdings's average Book Value Per Share Growth Rate was 14.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 5.10% per year.

During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Zero2IPO Holdings was 109.20% per year. The lowest was 1.10% per year. And the median was 47.95% per year.

Back to Basics: PB Ratio


Zero2IPO Holdings  (HKSE:01945) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Zero2IPO Holdings PB Ratio Related Terms


Zero2IPO Holdings PB Ratio Historical Data

* Premium members only.

The historical data trend for Zero2IPO 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.

Zero2IPO Holdings PB Ratio Chart

Zero2IPO Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only 1.93 1.47 0.54 0.69 0.62

Zero2IPO Holdings Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.52 0.69 0.61 0.62

HKSE:01945 vs FRHC, VOYA: PB Ratio Comparison

For the Financial Conglomerates subindustry, Zero2IPO 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.


Zero2IPO Holdings PB Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Zero2IPO Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Zero2IPO Holdings's PB Ratio falls into.


HKSE:01945
87GF Score
Zero2IPO Holdings Inc HKSE:01945
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zero2IPO Holdings 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.

Zero2IPO Holdings's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=1.51/2.358
=0.64

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.64 mean?
Zero2IPO Holdings (HKSE:01945) has a PB Ratio of 0.64 as of Aug. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Zero2IPO Holdings and its competitors. This is 17% below median its historical median of 0.77. Over the past decade, Zero2IPO Holdings' PB Ratio has ranged from 0.46 to 6.56. According to the industry distribution chart, Zero2IPO Holdings ranks #31 out of 453 companies in the Diversified Financial Services industry, placing it in the top 6.8%.
Is Zero2IPO Holdings' PB Ratio too high?
Zero2IPO Holdings' current PB Ratio of 0.64 is 17% below median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 6.56. The Diversified Financial Services industry median PB Ratio is 1.39. Zero2IPO Holdings' value of 0.64 is 54% below this industry median. Based on the distribution chart, Zero2IPO Holdings ranks #31 out of 453 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Zero2IPO Holdings has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zero2IPO Holdings' PB Ratio compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Zero2IPO Holdings ranks #31 out of 453 companies for PB Ratio. This places Zero2IPO Holdings in the top 7% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.39. Zero2IPO Holdings' value of 0.64 is 54% below this benchmark. Historically, Zero2IPO Holdings' own PB Ratio has ranged from 0.46 to 6.56 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 1.39, Zero2IPO Holdings 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 Diversified Financial Services company?
The median PB Ratio among Diversified Financial Services companies is 1.39, based on 453 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. Zero2IPO Holdings's current PB Ratio of 0.64 is 54% 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 Zero2IPO Holdings and its competitors. For the Diversified Financial Services industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zero2IPO Holdings's current PB Ratio is 0.64, which is 17% below median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zero2IPO Holdings stock overvalued right now?
Based on GuruFocus' analysis, Zero2IPO Holdings (HKSE:01945) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.63, compared to a current price of HK$1.51 — trading 7.4% below its estimated fair value. The current PB Ratio is 0.64, which is 17% below median its 10-year median of 0.77 and 54% below the Diversified Financial Services industry median of 1.39. Zero2IPO Holdings' overall GF Score™ is 87/100 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 Zero2IPO Holdings (HKSE:01945), the current PB Ratio is 0.64 as of Aug. 08, 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 Zero2IPO Holdings (HKSE:01945) Overvalued in 2026?

Based on GuruFocus' analysis, Zero2IPO Holdings stock appears to be undervalued. The current stock price of HK$1.51 is trading 7.4% below its estimated GF Value™ of HK$1.63. GuruFocus considers Zero2IPO Holdings to be Fairly Valued.

Key valuation signals for HKSE:01945:

  • PB Ratio: 0.64 (17% below median its 10-year median of 0.77)
  • GF Value™: HK$1.63 vs. price of HK$1.51 (7.4% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 54% below the Diversified Financial Services median (#31 of 453)

No single metric tells the full story. See the HKSE:01945 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zero2IPO Holdings Business Description

Address No.40 Xiaoyun Road, Units 2101-2109, Air China Century Building, Building No.1, Chaoyang District, Beijing, CHN, 100600
Zero2IPO Holdings Inc is an integrated service platform for the equity investment industry. It provides data, marketing, consulting, and training services to participants in the equity investment industry. Its segment includes Data services that focus on providing information data and research reports; Marketing services that focuses on providing information, industry exchanges, and brand promotion; Investment Banking Services for the venture capital industry; Training services that focus on talent training in the venture capital industry and provide professional entrepreneurship and investment training services. The majority of the revenue comes from the Investment Banking Services. Geographically, the company generates almost all of its revenue from PRC.
87GF Score

Get the complete analysis for HKSE:01945

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$1.51
Price
HK$1.63
GF Value