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TL Natural Gas HoldingsHKSE:08536 50 PB Ratio is 0.92 as of Aug. 17, 2026, which is 1% above its 10-year median of 0.91. GuruFocus rates HKSE:08536 with a GF Score™ of 50/100 and a GF Value™ of HK$0.29 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 936 Oil & Gas companies, TL Natural Gas Holdings ranks better than 71.47% on this metric.
The historical rank and industry rank for TL Natural Gas Holdings's PB Ratio or its related term are showing as below:
HKSE:08536'
s PB Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.91 Max: 18.5
Current: 0.93
During the past 11 years, TL Natural Gas Holdings's highest PB Ratio was 18.50. The lowest was 0.21. And the median was 0.91.
HKSE:08536's PB Ratio is ranked better than 71.47% of 936
companies
in the Oil & Gas industry
Industry Median: 1.5
vs HKSE:08536: 0.93
During the past 12 months, TL Natural Gas Holdings's average Book Value Per Share Growth Rate was -15.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -20.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -17.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.80% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of TL Natural Gas Holdings was 148.20% per year. The lowest was -20.40% per year. And the median was -10.20% 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:08536 vs CASY, WSM, ULTA: PB Ratio Comparison
For the Oil & Gas Refining & Marketing subindustry, TL Natural Gas 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.
TL Natural Gas Holdings PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TL Natural Gas Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where TL Natural Gas 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.
TL Natural Gas Holdings (HKSE:08536) has a PB Ratio of 0.92 as of Aug. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on TL Natural Gas Holdings and its competitors. This is near median its historical median of 0.91. Over the past decade, TL Natural Gas Holdings' PB Ratio has ranged from 0.21 to 18.50. According to the industry distribution chart, TL Natural Gas Holdings ranks #267 out of 936 companies in the Oil & Gas industry, placing it in the top 28.5%.
Is TL Natural Gas Holdings' PB Ratio too high?
TL Natural Gas Holdings' current PB Ratio of 0.92 is near median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 18.50. The Oil & Gas industry median PB Ratio is 1.50. TL Natural Gas Holdings' value of 0.92 is 38.7% below this industry median. Based on the distribution chart, TL Natural Gas Holdings ranks #267 out of 936 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, TL Natural Gas Holdings has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TL Natural Gas Holdings' PB Ratio compare to CASY and WSM?
According to the Oil & Gas industry distribution chart, TL Natural Gas Holdings ranks #267 out of 936 companies for PB Ratio. This puts TL Natural Gas Holdings in the upper half of its industry. The industry median PB Ratio is 1.50. TL Natural Gas Holdings' value of 0.92 is 38.7% below this benchmark. Historically, TL Natural Gas Holdings' own PB Ratio has ranged from 0.21 to 18.50 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 1.50, TL Natural Gas 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 Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.50, based on 936 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. TL Natural Gas Holdings's current PB Ratio of 0.92 is 38.7% 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 TL Natural Gas Holdings and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TL Natural Gas Holdings's current PB Ratio is 0.92, which is near median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TL Natural Gas Holdings stock overvalued right now?
Based on GuruFocus' analysis, TL Natural Gas Holdings (HKSE:08536) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.29, compared to a current price of HK$0.24 — trading 16.2% below its estimated fair value. The current PB Ratio is 0.92, which is near median its 10-year median of 0.91 and 38.7% below the Oil & Gas industry median of 1.50. TL Natural Gas Holdings' overall GF Score™ is 50/100 with 4 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 TL Natural Gas Holdings (HKSE:08536), the current PB Ratio is 0.92 as of Aug. 17, 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 TL Natural Gas Holdings (HKSE:08536) Overvalued in 2026?
Based on GuruFocus' analysis, TL Natural Gas Holdings stock appears to be undervalued.
The current stock price of HK$0.24 is trading 16.2% below its estimated GF Value™ of HK$0.29.
GuruFocus considers TL Natural Gas Holdings to be Modestly Undervalued.
Key valuation signals for HKSE:08536:
PB Ratio: 0.92 (near median its 10-year median of 0.91)
GF Value™: HK$0.29 vs. price of HK$0.24 (16.2% below fair value)
Industry Position: 38.7% below the Oil & Gas median (#267 of 936)
No single metric tells the full story. See the HKSE:08536 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TL Natural Gas Holdings Ltd is engaged in the sale of natural gas, including compressed natural gas and liquefied natural gas, and the provision of transmission services for natural gas. The group has two reportable segments: Sales of natural gas and Others. The Others segment includes automated car wash and fast food catering services. It generates the majority of its revenue from the Sales of natural gas segment.
50GF Score
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