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Link HoldingsHKSE:08237 -4.43%34 PB Ratio is 1.83 as of Aug. 09, 2026, which is 245% above its 10-year median of 0.53. GuruFocus rates HKSE:08237 with a GF Score™ of 34/100 and a GF Value™ of HK$0.15 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 793 Travel & Leisure companies, Link Holdings ranks worse than 59.02% 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 (2026-08-09), Link Holdings's share price is HK$0.97. Link Holdings's Book Value per Share for the quarter that ended in Dec. 2025 was HK$0.53. Hence, Link Holdings's PB Ratio of today is 1.83.
The historical rank and industry rank for Link Holdings's PB Ratio or its related term are showing as below:
HKSE:08237'
s PB Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.53 Max: 9.2
Current: 1.83
During the past 13 years, Link Holdings's highest PB Ratio was 9.20. The lowest was 0.14. And the median was 0.53.
HKSE:08237's PB Ratio is ranked worse than 59.02% of 793
companies
in the Travel & Leisure industry
Industry Median: 1.51
vs HKSE:08237: 1.83
During the past 3 years, the average Book Value Per Share Growth Rate was -20.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Link Holdings was 36.30% per year. The lowest was -44.00% per year. And the median was -10.50% 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.
Link Holdings PB Ratio Related Terms
Link Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Link 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 Lodging subindustry, Link 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.
Link Holdings PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Link Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Link 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.
Link Holdings'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.
Link Holdings (HKSE:08237) has a PB Ratio of 1.83 as of Aug. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Link Holdings and its competitors. This is 245% above median its historical median of 0.53. Over the past decade, Link Holdings' PB Ratio has ranged from 0.14 to 9.20. According to the industry distribution chart, Link Holdings ranks #468 out of 793 companies in the Travel & Leisure industry, placing it in the top 59%.
Is Link Holdings' PB Ratio too high?
Link Holdings' current PB Ratio of 1.83 is 245% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 9.20. The Travel & Leisure industry median PB Ratio is 1.51. Link Holdings' value of 1.83 is 21.2% above this industry median. Based on the distribution chart, Link Holdings ranks #468 out of 793 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Link Holdings has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Link Holdings' PB Ratio compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Link Holdings ranks #468 out of 793 companies for PB Ratio. This places Link Holdings in the lower half of its industry. The industry median PB Ratio is 1.51. Link Holdings' value of 1.83 is 21.2% above this benchmark. Historically, Link Holdings' own PB Ratio has ranged from 0.14 to 9.20 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 1.51, Link Holdings 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 Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.51, based on 793 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. Link Holdings's current PB Ratio of 1.83 is 21.2% 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 Link Holdings and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Link Holdings's current PB Ratio is 1.83, which is 245% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Link Holdings stock overvalued right now?
Based on GuruFocus' analysis, Link Holdings (HKSE:08237) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.15, compared to a current price of HK$0.97 — trading 546.7% above its estimated fair value. The current PB Ratio is 1.83, which is 245% above median its 10-year median of 0.53 and 21.2% above the Travel & Leisure industry median of 1.51. Link Holdings' overall GF Score™ is 34/100 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 Link Holdings (HKSE:08237), the current PB Ratio is 1.83 as of Aug. 09, 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 Link Holdings (HKSE:08237) Overvalued in 2026?
Based on GuruFocus' analysis, Link Holdings stock appears to be overvalued.
The current stock price of HK$0.97 is trading 546.7% above its estimated GF Value™ of HK$0.15.
GuruFocus considers Link Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08237:
PB Ratio: 1.83 (245% above median its 10-year median of 0.53)
GF Value™: HK$0.15 vs. price of HK$0.97 (546.7% above fair value)
Industry Position: 21.2% above the Travel & Leisure median (#468 of 793)
No single metric tells the full story. See the HKSE:08237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Link Holdings Ltd is an investment holding company engaged in the operation of hotel services and property investment in the Southeast Asia region. The Company's reportable segments are: operation of hotel business in Singapore, Indonesia, and Japan; and distressed debt asset management in the PRC. The majority of the Company's revenue is generated from the operation of the hotel business in Japan.
34GF Score
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