Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
What is Tonking New Energy Group Holdings PB Ratio?
Tonking New Energy Group HoldingsHKSE:08326 +1.33%53 PB Ratio is 0.45 as of Aug. 15, 2026, which is 35% below its 10-year median of 0.69. GuruFocus rates HKSE:08326 with a GF Score™ of 53/100 and a GF Value™ of HK$0.05 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 437 Utilities - Independent Power Producers companies, Tonking New Energy Group Holdings ranks better than 88.1% on this metric.
During the past 12 months, Tonking New Energy Group Holdings's average Book Value Per Share Growth Rate was 9.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.50% 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 Tonking New Energy Group Holdings was 77.10% per year. The lowest was 2.80% per year. And the median was 7.80% 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.
Tonking New Energy Group Holdings PB Ratio Related Terms
Tonking New Energy Group Holdings PB Ratio Historical Data
* 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.
Tonking New Energy Group Holdings PB Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Tonking New Energy Group 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.
Tonking New Energy Group Holdings PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Tonking New Energy Group Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tonking New Energy Group Holdings's PB Ratio falls into.
Tonking New Energy Group Holdings PB Ratio Calculation
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.
Tonking New Energy Group Holdings (HKSE:08326) has a PB Ratio of 0.45 as of Aug. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tonking New Energy Group Holdings and its competitors. This is 35% below median its historical median of 0.69. Over the past decade, Tonking New Energy Group Holdings' PB Ratio has ranged from 0.22 to 26.98. According to the industry distribution chart, Tonking New Energy Group Holdings ranks #52 out of 437 companies in the Utilities - Independent Power Producers industry, placing it in the top 11.9%.
Is Tonking New Energy Group Holdings' PB Ratio too high?
Tonking New Energy Group Holdings' current PB Ratio of 0.45 is 35% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 26.98. The Utilities - Independent Power Producers industry median PB Ratio is 1.30. Tonking New Energy Group Holdings' value of 0.45 is 65.4% below this industry median. Based on the distribution chart, Tonking New Energy Group Holdings ranks #52 out of 437 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Tonking New Energy Group Holdings has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tonking New Energy Group Holdings' PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Tonking New Energy Group Holdings ranks #52 out of 437 companies for PB Ratio. This places Tonking New Energy Group Holdings in the top 12% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.30. Tonking New Energy Group Holdings' value of 0.45 is 65.4% below this benchmark. Historically, Tonking New Energy Group Holdings' own PB Ratio has ranged from 0.22 to 26.98 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.30, Tonking New Energy Group 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 an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.30, based on 437 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. Tonking New Energy Group Holdings's current PB Ratio of 0.45 is 65.4% 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 Tonking New Energy Group Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tonking New Energy Group Holdings's current PB Ratio is 0.45, which is 35% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonking New Energy Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tonking New Energy Group Holdings (HKSE:08326) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.05, compared to a current price of HK$0.15 — trading 204% above its estimated fair value. The current PB Ratio is 0.45, which is 35% below median its 10-year median of 0.69 and 65.4% below the Utilities - Independent Power Producers industry median of 1.30. Tonking New Energy Group Holdings' overall GF Score™ is 53/100 with 7 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 Tonking New Energy Group Holdings (HKSE:08326), the current PB Ratio is 0.45 as of Aug. 15, 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 Tonking New Energy Group Holdings (HKSE:08326) Overvalued in 2026?
Based on GuruFocus' analysis, Tonking New Energy Group Holdings stock appears to be overvalued.
The current stock price of HK$0.15 is trading 204% above its estimated GF Value™ of HK$0.05.
GuruFocus considers Tonking New Energy Group Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08326:
PB Ratio: 0.45 (35% below median its 10-year median of 0.69)
GF Value™: HK$0.05 vs. price of HK$0.15 (204% above fair value)
Industry Position: 65.4% below the Utilities - Independent Power Producers median (#52 of 437)
No single metric tells the full story. See the HKSE:08326 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tonking New Energy Group Holdings Ltd is an investment holding company. Along with its subsidiaries, it is principally engaged in the renewable energy business in the People's Republic of China. The renewable energy business engages in the provision of a one-stop value-added solution for photovoltaic power stations (EPC, maintenance and support, and testing); sales of the patented photovoltaic tracking mounting bracket systems; and sales of electricity.
53GF Score
Get the complete analysis for HKSE:08326
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:08326 has been successfully added to your 
