Nine Dragons Paper (Holdings)NDGPF 49 PB Ratio is 0.57 as of Jun. 29, 2026, which is 24% below its 10-year median of 0.75. GuruFocus rates NDGPF with a GF Score™ of 49/100 and a GF Value™ of $0.71 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 275 Forest Products companies, Nine Dragons Paper (Holdings) ranks better than 67.27% on this metric.
The historical rank and industry rank for Nine Dragons Paper (Holdings)'s PB Ratio or its related term are showing as below:
NDGPF'
s PB Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.75 Max: 2.28
Current: 0.53
During the past 13 years, Nine Dragons Paper (Holdings)'s highest PB Ratio was 2.28. The lowest was 0.26. And the median was 0.75.
NDGPF's PB Ratio is ranked better than 67.27% of 275
companies
in the Forest Products industry
Industry Median: 0.81
vs NDGPF: 0.53
During the past 3 years, the average Book Value Per Share Growth Rate was -0.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nine Dragons Paper (Holdings) was 87.50% per year. The lowest was -2.30% per year. And the median was 8.70% per year.
Back to Basics: PB Ratio
Nine Dragons Paper (Holdings) (OTCPK:NDGPF) 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.
Nine Dragons Paper (Holdings) PB Ratio Related Terms
Nine Dragons Paper (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.
Nine Dragons Paper (Holdings) PB Ratio Competitor Comparison
For the Paper & Paper Products subindustry, Nine Dragons Paper (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.
Nine Dragons Paper (Holdings) PB Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s PB Ratio distribution charts can be found below:
* The bar in red indicates where Nine Dragons Paper (Holdings)'s PB Ratio falls into.
Nine Dragons Paper (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.
Nine Dragons Paper (Holdings) (NDGPF) has a PB Ratio of 0.57 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nine Dragons Paper (Holdings) and its competitors. This is 24% below median its historical median of 0.75. Over the past decade, Nine Dragons Paper (Holdings)'s PB Ratio has ranged from 0.26 to 2.28. According to the industry distribution chart, Nine Dragons Paper (Holdings) ranks #90 out of 275 companies in the Forest Products industry, placing it in the top 32.7%.
Is Nine Dragons Paper (Holdings)'s PB Ratio too high?
Nine Dragons Paper (Holdings)'s current PB Ratio of 0.57 is 24% below median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 2.28. The Forest Products industry median PB Ratio is 0.81. Nine Dragons Paper (Holdings)'s value of 0.57 is 29.6% below this industry median. Based on the distribution chart, Nine Dragons Paper (Holdings) ranks #90 out of 275 companies in the Forest Products industry, which is above the industry midpoint. Overall, Nine Dragons Paper (Holdings) has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nine Dragons Paper (Holdings)'s PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, Nine Dragons Paper (Holdings) ranks #90 out of 275 companies for PB Ratio. This puts Nine Dragons Paper (Holdings) in the upper half of its industry. The industry median PB Ratio is 0.81. Nine Dragons Paper (Holdings)'s value of 0.57 is 29.6% below this benchmark. Historically, Nine Dragons Paper (Holdings)'s own PB Ratio has ranged from 0.26 to 2.28 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.81, Nine Dragons Paper (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 a Forest Products company?
The median PB Ratio among Forest Products companies is 0.81, based on 275 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. Nine Dragons Paper (Holdings)'s current PB Ratio of 0.57 is 29.6% 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 Nine Dragons Paper (Holdings) and its competitors. For the Forest Products industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nine Dragons Paper (Holdings)'s current PB Ratio is 0.57, which is 24% below median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Dragons Paper (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) (NDGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.71, compared to a current price of $0.90 — trading 26.8% above its estimated fair value. The current PB Ratio is 0.57, which is 24% below median its 10-year median of 0.75 and 29.6% below the Forest Products industry median of 0.81. Nine Dragons Paper (Holdings)'s overall GF Score™ is 49/100 with 6 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 Nine Dragons Paper (Holdings) (NDGPF), the current PB Ratio is 0.57 as of Jun. 29, 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 Nine Dragons Paper (Holdings) (NDGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Nine Dragons Paper (Holdings) stock appears to be overvalued.
The current stock price of $0.90 is trading 26.8% above its estimated GF Value™ of $0.71.
GuruFocus considers Nine Dragons Paper (Holdings) to be Modestly Overvalued.
Key valuation signals for NDGPF:
PB Ratio: 0.57 (24% below median its 10-year median of 0.75)
GF Value™: $0.71 vs. price of $0.90 (26.8% above fair value)
Industry Position: 29.6% below the Forest Products median (#90 of 275)
No single metric tells the full story. See the NDGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nine Dragons Paper (Holdings) Business Description
Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company is a pulp and paper manufacturing group specializing in the integrated production of pulp and paper, with main products including various kinds of environmentally friendly packaging paper, printing and writing paper, high-end virgin paper, and products from the entire upstream and downstream production chain. Covering the full industry spectrum, it offers kraftlinerboard, testlinerboard, white top linerboard, coated linerboard, bleached folding boxboard, high-performance corrugating medium, coated duplex board, gypsum board cover paper, and more.
49GF Score
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