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Asiaray Media GroupHKSE:01993 +6.38%32 PB Ratio is 2.75 as of Aug. 06, 2026, which is 15% below its 10-year median of 3.22. GuruFocus rates HKSE:01993 with a GF Score™ of 32/100 and a GF Value™ of HK$0.56 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 922 Media - Diversified companies, Asiaray Media Group ranks worse than 71.91% on this metric.
Asiaray Media Group Ltd stock PB Ratio (=2.97) is close to 2-year low of 2.75.
The historical rank and industry rank for Asiaray Media Group's PB Ratio or its related term are showing as below:
HKSE:01993'
s PB Ratio Range Over the Past 10 Years
Min: 1.22 Med: 3.22 Max: 7.36
Current: 2.78
During the past 13 years, Asiaray Media Group's highest PB Ratio was 7.36. The lowest was 1.22. And the median was 3.22.
HKSE:01993's PB Ratio is ranked worse than 71.91% of 922
companies
in the Media - Diversified industry
Industry Median: 1.29
vs HKSE:01993: 2.78
During the past 12 months, Asiaray Media Group's average Book Value Per Share Growth Rate was 7.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -17.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -25.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -20.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Asiaray Media Group was 47.50% per year. The lowest was -37.10% per year. And the median was -15.55% 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.
Asiaray Media Group PB Ratio Related Terms
Asiaray Media Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Asiaray Media 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 Advertising Agencies subindustry, Asiaray Media 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.
Asiaray Media Group PB Ratio vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Asiaray Media Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Asiaray Media 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.
Asiaray Media Group (HKSE:01993) has a PB Ratio of 2.75 as of Aug. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Asiaray Media Group and its competitors. This is 15% below median its historical median of 3.22. Over the past decade, Asiaray Media Group's PB Ratio has ranged from 1.22 to 7.36. According to the industry distribution chart, Asiaray Media Group ranks #663 out of 922 companies in the Media - Diversified industry, placing it in the top 71.9%.
Is Asiaray Media Group's PB Ratio too high?
Asiaray Media Group's current PB Ratio of 2.75 is 15% below median its 10-year median of 3.22. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 7.36. The Media - Diversified industry median PB Ratio is 1.29. Asiaray Media Group's value of 2.75 is 113.2% above this industry median. Based on the distribution chart, Asiaray Media Group ranks #663 out of 922 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Asiaray Media Group has a GF Score™ of 32/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asiaray Media Group's PB Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Asiaray Media Group ranks #663 out of 922 companies for PB Ratio. This places Asiaray Media Group in the lower half of its industry. The industry median PB Ratio is 1.29. Asiaray Media Group's value of 2.75 is 113.2% above this benchmark. Historically, Asiaray Media Group's own PB Ratio has ranged from 1.22 to 7.36 over the past decade. While the company's 10-year median is 3.22 vs. the industry median of 1.29, Asiaray Media Group 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 Media - Diversified company?
The median PB Ratio among Media - Diversified companies is 1.29, based on 922 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. Asiaray Media Group's current PB Ratio of 2.75 is 113.2% 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 Asiaray Media Group and its competitors. For the Media - Diversified industry, the median PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asiaray Media Group's current PB Ratio is 2.75, which is 15% below median its own 10-year median of 3.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asiaray Media Group stock overvalued right now?
Based on GuruFocus' analysis, Asiaray Media Group (HKSE:01993) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.56, compared to a current price of HK$0.50 — trading 10.7% below its estimated fair value. The current PB Ratio is 2.75, which is 15% below median its 10-year median of 3.22 and 113.2% above the Media - Diversified industry median of 1.29. Asiaray Media Group's overall GF Score™ is 32/100 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 Asiaray Media Group (HKSE:01993), the current PB Ratio is 2.75 as of Aug. 06, 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 Asiaray Media Group (HKSE:01993) Overvalued in 2026?
Based on GuruFocus' analysis, Asiaray Media Group stock appears to be undervalued.
The current stock price of HK$0.50 is trading 10.7% below its estimated GF Value™ of HK$0.56.
GuruFocus considers Asiaray Media Group to be Modestly Undervalued.
Key valuation signals for HKSE:01993:
PB Ratio: 2.75 (15% below median its 10-year median of 3.22)
GF Value™: HK$0.56 vs. price of HK$0.50 (10.7% below fair value)
Industry Position: 113.2% above the Media - Diversified median (#663 of 922)
No single metric tells the full story. See the HKSE:01993 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asiaray Media Group Ltd is an investment holding company. Along with its subsidiaries, it operates as an out-of-home media company in Greater China with a strategic focus on mega transport advertising media management, including airport, metro line, and high-speed rail line, etc. The Group's operating segments are: Airports business, Metro and billboards business, and Bus and other business. Maximum revenue is generated from the Metro and billboards business, which is involved in the operation of advertising services in metro lines and billboards, and building solutions. Geographically, the Group generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong and other regions.
32GF Score
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