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VCredit HoldingsHKSE:02003 21 PB Ratio is 0.10 as of Jul. 24, 2026, which is 74% below its 10-year median of 0.38. GuruFocus rates HKSE:02003 with a GF Score™ of 21/100 and a GF Value™ of HK$0.59 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 526 Credit Services companies, VCredit Holdings ranks better than 99.05% 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 (2026-07-24), VCredit Holdings's share price is HK$0.89. VCredit Holdings's Book Value per Share for the quarter that ended in Dec. 2025 was HK$8.98. Hence, VCredit Holdings's PB Ratio of today is 0.10.
Good Sign:
VCredit Holdings Ltd stock PB Ratio (=0.1) is close to 10-year low of 0.1.
The historical rank and industry rank for VCredit Holdings's PB Ratio or its related term are showing as below:
HKSE:02003'
s PB Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.38 Max: 1.58
Current: 0.1
During the past 11 years, VCredit Holdings's highest PB Ratio was 1.58. The lowest was 0.10. And the median was 0.38.
HKSE:02003's PB Ratio is ranked better than 99.05% of 526
companies
in the Credit Services industry
Industry Median: 1.06
vs HKSE:02003: 0.10
During the past 12 months, VCredit Holdings's average Book Value Per Share Growth Rate was -10.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.00% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of VCredit Holdings was 19.00% per year. The lowest was 1.00% per year. And the median was 8.10% per year.
Back to Basics: PB Ratio
VCredit Holdings (HKSE:02003) PB Ratio Explanation
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.
VCredit Holdings PB Ratio Related Terms
VCredit Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for VCredit 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 Credit Services subindustry, VCredit 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.
VCredit Holdings PB Ratio vs Credit Services Industry
For the Credit Services industry and Financial Services sector, VCredit Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where VCredit 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.
VCredit Holdings (HKSE:02003) has a PB Ratio of 0.10 as of Jul. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on VCredit Holdings and its competitors. This is 74% below median its historical median of 0.38. Over the past decade, VCredit Holdings' PB Ratio has ranged from 0.10 to 1.58. According to the industry distribution chart, VCredit Holdings ranks #5 out of 526 companies in the Credit Services industry, placing it in the top 1%.
Is VCredit Holdings' PB Ratio too high?
VCredit Holdings' current PB Ratio of 0.10 is 74% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 1.58. The Credit Services industry median PB Ratio is 1.06. VCredit Holdings' value of 0.10 is 90.6% below this industry median. Based on the distribution chart, VCredit Holdings ranks #5 out of 526 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, VCredit Holdings has a GF Score™ of 21/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VCredit Holdings' PB Ratio compare to V and MA?
According to the Credit Services industry distribution chart, VCredit Holdings ranks #5 out of 526 companies for PB Ratio. This places VCredit Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.06. VCredit Holdings' value of 0.10 is 90.6% below this benchmark. Historically, VCredit Holdings' own PB Ratio has ranged from 0.10 to 1.58 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 1.06, VCredit 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 Credit Services company?
The median PB Ratio among Credit Services companies is 1.06, based on 526 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. VCredit Holdings's current PB Ratio of 0.10 is 90.6% 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 VCredit Holdings and its competitors. For the Credit Services industry, the median PB Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VCredit Holdings's current PB Ratio is 0.10, which is 74% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VCredit Holdings stock overvalued right now?
Based on GuruFocus' analysis, VCredit Holdings (HKSE:02003) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.59, compared to a current price of HK$0.89 — trading 50.8% above its estimated fair value. The current PB Ratio is 0.10, which is 74% below median its 10-year median of 0.38 and 90.6% below the Credit Services industry median of 1.06. VCredit Holdings' overall GF Score™ is 21/100 with 3 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 VCredit Holdings (HKSE:02003), the current PB Ratio is 0.10 as of Jul. 24, 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 VCredit Holdings (HKSE:02003) Overvalued in 2026?
Based on GuruFocus' analysis, VCredit Holdings stock appears to be overvalued.
The current stock price of HK$0.89 is trading 50.8% above its estimated GF Value™ of HK$0.59.
GuruFocus considers VCredit Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02003:
PB Ratio: 0.10 (74% below median its 10-year median of 0.38)
GF Value™: HK$0.59 vs. price of HK$0.89 (50.8% above fair value)
Industry Position: 90.6% below the Credit Services median (#5 of 526)
No single metric tells the full story. See the HKSE:02003 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VCredit Holdings Ltd is an investment holding company and has one operating segment. The Group is a technology-driven consumer financial service provider in the People's Republic of China. The Group offers tailored consumer finance products to prime and near-prime borrowers who are underserved by traditional financial institutions. The Group also offers consumer finance products by facilitating transactions between borrowers and financial institutions. The company generates the majority of its revenue from Interest and similar income.
21GF Score
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