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First Service Holding Ltd stock PB Ratio (=0.85) is close to 3-year high of 0.89.
The historical rank and industry rank for First Service Holding's PB Ratio or its related term are showing as below:
HKSE:02107'
s PB Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.63 Max: 6.27
Current: 0.89
During the past 9 years, First Service Holding's highest PB Ratio was 6.27. The lowest was 0.26. And the median was 0.63.
HKSE:02107's PB Ratio is ranked worse than 53.88% of 1713
companies
in the Real Estate industry
Industry Median: 0.81
vs HKSE:02107: 0.89
During the past 12 months, First Service Holding's average Book Value Per Share Growth Rate was -9.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -11.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -9.10% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of First Service Holding was 39.00% per year. The lowest was -11.60% per year. And the median was 14.10% 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.
HKSE:02107 vs CBRE, BEKE, JLL: PB Ratio Comparison
For the Real Estate Services subindustry, First Service Holding'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.
First Service Holding PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, First Service Holding's PB Ratio distribution charts can be found below:
* The bar in red indicates where First Service Holding'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.
First Service Holding (HKSE:02107) has a PB Ratio of 0.89 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 First Service Holding and its competitors. This is 41% above median its historical median of 0.63. Over the past decade, First Service Holding's PB Ratio has ranged from 0.26 to 6.27. According to the industry distribution chart, First Service Holding ranks #923 out of 1713 companies in the Real Estate industry, placing it in the top 53.9%.
Is First Service Holding's PB Ratio too high?
First Service Holding's current PB Ratio of 0.89 is 41% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 6.27. The Real Estate industry median PB Ratio is 0.81. First Service Holding's value of 0.89 is 9.9% above this industry median. Based on the distribution chart, First Service Holding ranks #923 out of 1713 companies in the Real Estate industry, which is below the industry midpoint. Overall, First Service Holding has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does First Service Holding's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, First Service Holding ranks #923 out of 1713 companies for PB Ratio. This places First Service Holding in the lower half of its industry. The industry median PB Ratio is 0.81. First Service Holding's value of 0.89 is 9.9% above this benchmark. Historically, First Service Holding's own PB Ratio has ranged from 0.26 to 6.27 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.81, First Service Holding 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.81, based on 1,713 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. First Service Holding's current PB Ratio of 0.89 is 9.9% 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 First Service Holding and its competitors. For the Real Estate industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Service Holding's current PB Ratio is 0.89, which is 41% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Service Holding stock overvalued right now?
Based on GuruFocus' analysis, First Service Holding (HKSE:02107) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.40, compared to a current price of HK$0.44 — trading 8.8% above its estimated fair value. The current PB Ratio is 0.89, which is 41% above median its 10-year median of 0.63 and 9.9% above the Real Estate industry median of 0.81. First Service Holding's overall GF Score™ is 61/100 with 8 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 First Service Holding (HKSE:02107), the current PB Ratio is 0.89 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 First Service Holding (HKSE:02107) Overvalued in 2026?
Based on GuruFocus' analysis, First Service Holding stock appears to be overvalued.
The current stock price of HK$0.44 is trading 8.8% above its estimated GF Value™ of HK$0.40.
GuruFocus considers First Service Holding to be Fairly Valued.
Key valuation signals for HKSE:02107:
PB Ratio: 0.89 (41% above median its 10-year median of 0.63)
GF Value™: HK$0.40 vs. price of HK$0.44 (8.8% above fair value)
Industry Position: 9.9% above the Real Estate median (#923 of 1713)
No single metric tells the full story. See the HKSE:02107 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into two segments: First Property management services comprising of property management services, energy operation services under the service line of green living solutions and value-added services; and First Living segment provides green technology consulting service, system installation services, sale of goods, and energy operation services under the service line of green living solutions. It derives maximum revenue from First Property Management.
61GF Score
Get the complete analysis for HKSE:02107
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