Hang Lung GroupHNLGF 62 PB Ratio is 0.21 as of Jul. 04, 2026, which is 22% below its 10-year median of 0.27. GuruFocus rates HNLGF with a GF Score™ of 62/100 and a GF Value™ of $1.49. The stock has 7 warning signs investors should review. Among 1,711 Real Estate companies, Hang Lung Group ranks better than 92.17% 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 (2026-07-04), Hang Lung Group's share price is $1.94. Hang Lung Group's Book Value per Share for the quarter that ended in Dec. 2025 was $9.33. Hence, Hang Lung Group's PB Ratio of today is 0.21.
Good Sign:
Hang Lung Group Ltd stock PB Ratio (=0.18) is close to 1-year low of 0.17.
The historical rank and industry rank for Hang Lung Group's PB Ratio or its related term are showing as below:
HNLGF'
s PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.27 Max: 0.62
Current: 0.18
During the past 13 years, Hang Lung Group's highest PB Ratio was 0.62. The lowest was 0.12. And the median was 0.27.
HNLGF's PB Ratio is ranked better than 92.17% of 1711
companies
in the Real Estate industry
Industry Median: 0.83
vs HNLGF: 0.18
During the past 12 months, Hang Lung Group's average Book Value Per Share Growth Rate was 3.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hang Lung Group was 21.90% per year. The lowest was -9.20% per year. And the median was 3.50% per year.
Back to Basics: PB Ratio
Hang Lung Group (OTCPK:HNLGF) 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 Group PB Ratio Related Terms
Hang Lung Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Hang Lung 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 Real Estate Services subindustry, Hang Lung 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.
Hang Lung Group PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hang Lung Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hang Lung 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.
Hang Lung 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.
Hang Lung Group (HNLGF) has a PB Ratio of 0.21 as of Jul. 04, 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 Group and its competitors. This is 22% below median its historical median of 0.27. Over the past decade, Hang Lung Group's PB Ratio has ranged from 0.12 to 0.62. According to the industry distribution chart, Hang Lung Group ranks #134 out of 1711 companies in the Real Estate industry, placing it in the top 7.8%.
Is Hang Lung Group's PB Ratio too high?
Hang Lung Group's current PB Ratio of 0.21 is 22% below median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.62. The Real Estate industry median PB Ratio is 0.83. Hang Lung Group's value of 0.21 is 74.7% below this industry median. Based on the distribution chart, Hang Lung Group ranks #134 out of 1711 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Hang Lung Group has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Hang Lung Group's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hang Lung Group ranks #134 out of 1711 companies for PB Ratio. This places Hang Lung Group in the top 8% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.83. Hang Lung Group's value of 0.21 is 74.7% below this benchmark. Historically, Hang Lung Group's own PB Ratio has ranged from 0.12 to 0.62 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.83, Hang Lung Group 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 1,711 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 Group's current PB Ratio of 0.21 is 74.7% 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 Hang Lung Group 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 Group's current PB Ratio is 0.21, which is 22% below median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hang Lung Group stock overvalued right now?
Hang Lung Group (HNLGF) has a current PB Ratio of 0.21. The stock's GF Value™ is $1.49, compared to a current price of $1.94 — trading 30.2% above its estimated fair value. The current PB Ratio is 0.21, which is 22% below median its 10-year median of 0.27 and 74.7% below the Real Estate industry median of 0.83. Hang Lung Group's overall GF Score™ is 62/100 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 Group (HNLGF), the current PB Ratio is 0.21 as of Jul. 04, 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 Group (HNLGF) Overvalued in 2026?
Based on GuruFocus' analysis, Hang Lung Group stock appears to be overvalued.
The current stock price of $1.94 is trading 30.2% above its estimated GF Value™ of $1.49.
Key valuation signals for HNLGF:
PB Ratio: 0.21 (22% below median its 10-year median of 0.27)
GF Value™: $1.49 vs. price of $1.94 (30.2% above fair value)
Industry Position: 74.7% below the Real Estate median (#134 of 1711)
No single metric tells the full story. See the HNLGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hang Lung Group Ltd is an investment holding company. Through its subsidiaries, it is engaged in property development for sales and leasing, property investment for rental income, and other investments. The Group also operates in property management, and through its joint ventures, is involved in the provision of dry and laundry cleaning services. Its reportable segments are Property Leasing, Hotels, and Property Sales. Maximum revenue is generated from the Property Leasing segment, which includes leasing of a portfolio of commercial, office, and residential properties in Mainland China and Hong Kong. Geographically, the Group generates maximum revenue from the Chinese Mainland and the rest from Hong Kong.
62GF Score
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