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ETS GroupHKSE:08031 46 PB Ratio is 2.34 as of Jul. 18, 2026, which is 102% above its 10-year median of 1.16. GuruFocus rates HKSE:08031 with a GF Score™ of 46/100 and a GF Value™ of HK$0.18 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,047 Business Services companies, ETS Group ranks worse than 63.99% 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 (2026-07-18), ETS Group's share price is HK$0.41. ETS Group's Book Value per Share for the quarter that ended in Dec. 2025 was HK$0.18. Hence, ETS Group's PB Ratio of today is 2.34.
The historical rank and industry rank for ETS Group's PB Ratio or its related term are showing as below:
HKSE:08031'
s PB Ratio Range Over the Past 10 Years
Min: 0.53 Med: 1.16 Max: 4.02
Current: 2.28
During the past 13 years, ETS Group's highest PB Ratio was 4.02. The lowest was 0.53. And the median was 1.16.
HKSE:08031's PB Ratio is ranked worse than 63.99% of 1047
companies
in the Business Services industry
Industry Median: 1.66
vs HKSE:08031: 2.28
During the past 12 months, ETS Group's average Book Value Per Share Growth Rate was -14.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -18.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -17.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -9.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of ETS Group was 25.10% per year. The lowest was -29.50% per year. And the median was 1.50% 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.
ETS Group PB Ratio Related Terms
ETS Group PB Ratio Historical Data
* Premium members only.
The historical data trend for ETS 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 Staffing & Employment Services subindustry, ETS 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.
ETS Group PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, ETS Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where ETS 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.
ETS Group's PB Ratio for today is calculated as follows:
* 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.
ETS Group (HKSE:08031) has a PB Ratio of 2.34 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on ETS Group and its competitors. This is 102% above median its historical median of 1.16. Over the past decade, ETS Group's PB Ratio has ranged from 0.53 to 4.02. According to the industry distribution chart, ETS Group ranks #670 out of 1047 companies in the Business Services industry, placing it in the top 64%.
Is ETS Group's PB Ratio too high?
ETS Group's current PB Ratio of 2.34 is 102% above median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 4.02. The Business Services industry median PB Ratio is 1.66. ETS Group's value of 2.34 is 41% above this industry median. Based on the distribution chart, ETS Group ranks #670 out of 1047 companies in the Business Services industry, which is below the industry midpoint. Overall, ETS Group has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ETS Group's PB Ratio compare to KFY and RHI?
According to the Business Services industry distribution chart, ETS Group ranks #670 out of 1047 companies for PB Ratio. This places ETS Group in the lower half of its industry. The industry median PB Ratio is 1.66. ETS Group's value of 2.34 is 41% above this benchmark. Historically, ETS Group's own PB Ratio has ranged from 0.53 to 4.02 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 1.66, ETS 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 Business Services company?
The median PB Ratio among Business Services companies is 1.66, based on 1,047 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. ETS Group's current PB Ratio of 2.34 is 41% 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 ETS Group and its competitors. For the Business Services industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ETS Group's current PB Ratio is 2.34, which is 102% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ETS Group stock overvalued right now?
Based on GuruFocus' analysis, ETS Group (HKSE:08031) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.41 — trading 127.8% above its estimated fair value. The current PB Ratio is 2.34, which is 102% above median its 10-year median of 1.16 and 41% above the Business Services industry median of 1.66. ETS Group's overall GF Score™ is 46/100 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 ETS Group (HKSE:08031), the current PB Ratio is 2.34 as of Jul. 18, 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 ETS Group (HKSE:08031) Overvalued in 2026?
Based on GuruFocus' analysis, ETS Group stock appears to be overvalued.
The current stock price of HK$0.41 is trading 127.8% above its estimated GF Value™ of HK$0.18.
GuruFocus considers ETS Group to be Significantly Overvalued.
Key valuation signals for HKSE:08031:
PB Ratio: 2.34 (102% above median its 10-year median of 1.16)
GF Value™: HK$0.18 vs. price of HK$0.41 (127.8% above fair value)
Industry Position: 41% above the Business Services median (#670 of 1047)
No single metric tells the full story. See the HKSE:08031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ETS Group Ltd is engaged in providing comprehensive multi-media contact services, contact centre system and staff insourcing in Hong Kong. It has its services in six operating segments: Outsourcing inbound contact service, Outsourcing outbound contact service, Staff insourcing service, Contact service centre & service centre facilities management service, and The System and software business. Key revenue is earned from Staff insourcing services.
46GF Score
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