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Tian Cheng HoldingsHKSE:02110 +1.35% PB Ratio is 0.89 as of Aug. 03, 2026, which is 10% above its 10-year median of 0.81. The stock has 3 warning signs investors should review. Among 1,720 Construction companies, Tian Cheng Holdings ranks better than 61.4% on this metric.
The historical rank and industry rank for Tian Cheng Holdings's PB Ratio or its related term are showing as below:
HKSE:02110'
s PB Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.81 Max: 3.58
Current: 0.94
During the past 9 years, Tian Cheng Holdings's highest PB Ratio was 3.58. The lowest was 0.31. And the median was 0.81.
HKSE:02110's PB Ratio is ranked better than 61.4% of 1720
companies
in the Construction industry
Industry Median: 1.33
vs HKSE:02110: 0.94
During the past 12 months, Tian Cheng Holdings's average Book Value Per Share Growth Rate was -61.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -45.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -24.50% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Tian Cheng Holdings was 70.40% per year. The lowest was -45.00% per year. And the median was 17.60% 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.
Tian Cheng Holdings PB Ratio Related Terms
Tian Cheng Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Tian Cheng 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 Engineering & Construction subindustry, Tian Cheng 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.
Tian Cheng Holdings PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Tian Cheng Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tian Cheng 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.
Tian Cheng Holdings (HKSE:02110) has a PB Ratio of 0.89 as of Aug. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tian Cheng Holdings and its competitors. This is 10% above median its historical median of 0.81. Over the past decade, Tian Cheng Holdings' PB Ratio has ranged from 0.31 to 3.58. According to the industry distribution chart, Tian Cheng Holdings ranks #664 out of 1720 companies in the Construction industry, placing it in the top 38.6%.
Is Tian Cheng Holdings' PB Ratio too high?
Tian Cheng Holdings' current PB Ratio of 0.89 is 10% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 3.58. The Construction industry median PB Ratio is 1.33. Tian Cheng Holdings' value of 0.89 is 33.1% below this industry median. Based on the distribution chart, Tian Cheng Holdings ranks #664 out of 1720 companies in the Construction industry, which is above the industry midpoint.
How does Tian Cheng Holdings' PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Tian Cheng Holdings ranks #664 out of 1720 companies for PB Ratio. This puts Tian Cheng Holdings in the upper half of its industry. The industry median PB Ratio is 1.33. Tian Cheng Holdings' value of 0.89 is 33.1% below this benchmark. Historically, Tian Cheng Holdings' own PB Ratio has ranged from 0.31 to 3.58 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 1.33, Tian Cheng 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 Construction company?
The median PB Ratio among Construction companies is 1.33, based on 1,720 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. Tian Cheng Holdings's current PB Ratio of 0.89 is 33.1% 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 Tian Cheng Holdings and its competitors. For the Construction industry, the median PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tian Cheng Holdings's current PB Ratio is 0.89, which is 10% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Cheng Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Cheng Holdings (HKSE:02110) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.08 — trading 25% below its estimated fair value. The current PB Ratio is 0.89, which is 10% above median its 10-year median of 0.81 and 33.1% below the Construction industry median of 1.33. 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 Tian Cheng Holdings (HKSE:02110), the current PB Ratio is 0.89 as of Aug. 03, 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.
Tian Cheng Holdings Ltd is a subcontractor specializing in marine construction and civil engineering projects, and engages in marine works including reclamation, sand adjustment, submarine pipeline, sedimentation, and sediment treatment. The company also provides vessel chartering and other civil engineering services such as foundation works, site formation, road, and drainage works. It operates through four segments: Marine Construction Works, Other Civil Engineering Works, Health and Wellness Services, and Vessel Chartering Services. The company generates the majority of its revenue from marine construction and operates mainly in Hong Kong and the PRC, with the majority of revenue coming from Hong Kong.
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