Hang Lung PropertiesHLPPF 70 PB Ratio is 0.34 as of Jul. 06, 2026, which is 36% below its 10-year median of 0.53. GuruFocus rates HLPPF with a GF Score™ of 70/100 and a GF Value™ of $1.01 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,714 Real Estate companies, Hang Lung Properties ranks better than 86.64% on this metric.
Hang Lung Properties Ltd stock PB Ratio (=0.27) is close to 1-year low of 0.26.
The historical rank and industry rank for Hang Lung Properties's PB Ratio or its related term are showing as below:
HLPPF'
s PB Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.53 Max: 0.75
Current: 0.27
During the past 13 years, Hang Lung Properties's highest PB Ratio was 0.75. The lowest was 0.18. And the median was 0.53.
HLPPF's PB Ratio is ranked better than 86.64% of 1714
companies
in the Real Estate industry
Industry Median: 0.825
vs HLPPF: 0.27
During the past 12 months, Hang Lung Properties's average Book Value Per Share Growth Rate was -3.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hang Lung Properties was 19.60% per year. The lowest was -10.50% per year. And the median was 2.20% per year.
Back to Basics: PB Ratio
Hang Lung Properties (OTCPK:HLPPF) PB Ratio Explanation
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.
Hang Lung Properties PB Ratio Related Terms
Hang Lung Properties PB Ratio Historical Data
* Premium members only.
The historical data trend for Hang Lung Properties'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 Real Estate Services subindustry, Hang Lung Properties'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.
Hang Lung Properties PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hang Lung Properties's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hang Lung Properties'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.
Hang Lung Properties (HLPPF) has a PB Ratio of 0.34 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hang Lung Properties and its competitors. This is 36% below median its historical median of 0.53. Over the past decade, Hang Lung Properties' PB Ratio has ranged from 0.18 to 0.75. According to the industry distribution chart, Hang Lung Properties ranks #229 out of 1714 companies in the Real Estate industry, placing it in the top 13.4%.
Is Hang Lung Properties' PB Ratio too high?
Hang Lung Properties' current PB Ratio of 0.34 is 36% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.75. The Real Estate industry median PB Ratio is 0.83. Hang Lung Properties' value of 0.34 is 58.8% below this industry median. Based on the distribution chart, Hang Lung Properties ranks #229 out of 1714 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Hang Lung Properties has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hang Lung Properties' PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hang Lung Properties ranks #229 out of 1714 companies for PB Ratio. This places Hang Lung Properties in the top 13% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.83. Hang Lung Properties' value of 0.34 is 58.8% below this benchmark. Historically, Hang Lung Properties' own PB Ratio has ranged from 0.18 to 0.75 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.83, Hang Lung Properties 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.83, based on 1,714 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. Hang Lung Properties's current PB Ratio of 0.34 is 58.8% 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 Hang Lung Properties and its competitors. For the Real Estate industry, the median PB Ratio is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hang Lung Properties's current PB Ratio is 0.34, which is 36% below 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 Hang Lung Properties stock overvalued right now?
Based on GuruFocus' analysis, Hang Lung Properties (HLPPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.01, compared to a current price of $1.16 — trading 14.9% above its estimated fair value. The current PB Ratio is 0.34, which is 36% below median its 10-year median of 0.53 and 58.8% below the Real Estate industry median of 0.83. Hang Lung Properties' overall GF Score™ is 70/100 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 Hang Lung Properties (HLPPF), the current PB Ratio is 0.34 as of Jul. 06, 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 Hang Lung Properties (HLPPF) Overvalued in 2026?
Based on GuruFocus' analysis, Hang Lung Properties stock appears to be overvalued.
The current stock price of $1.16 is trading 14.9% above its estimated GF Value™ of $1.01.
GuruFocus considers Hang Lung Properties to be Modestly Overvalued.
Key valuation signals for HLPPF:
PB Ratio: 0.34 (36% below median its 10-year median of 0.53)
GF Value™: $1.01 vs. price of $1.16 (14.9% above fair value)
Industry Position: 58.8% below the Real Estate median (#229 of 1714)
No single metric tells the full story. See the HLPPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hung Lung Properties, or HLP, is the property arm of Hang Lung Group Limited and primarily operates premium commercial properties in mainland China and Hong Kong. The company also develops and sells residential properties in both regions. Most of its revenue is generated from mainland China, with focus on retail malls in Tier 1 and 2 cities including Shanghai, Wuxi, Hangzhou, Wuhan, Kunming, Jinan, Dalian, Shenyang and Tianjin. The company is 59% owned by Hang Lung Group.
70GF Score
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