Sany Heavy Industry CoSHSE:600031 +1.56%81 PB Ratio is 1.91 as of Jul. 11, 2026, which is 19% below its 10-year median of 2.37. GuruFocus rates SHSE:600031 with a GF Score™ of 81/100 and a GF Value™ of ¥20.34 (Fairly Valued). The stock has 4 warning signs investors should review. Among 200 Farm & Heavy Construction Machinery companies, Sany Heavy Industry Co ranks worse than 67% on this metric.
Sany Heavy Industry Co Ltd stock PB Ratio (=1.91) is close to 2-year low of 1.79.
The historical rank and industry rank for Sany Heavy Industry Co's PB Ratio or its related term are showing as below:
SHSE:600031'
s PB Ratio Range Over the Past 10 Years
Min: 1.6 Med: 2.37 Max: 7.16
Current: 1.91
During the past 13 years, Sany Heavy Industry Co's highest PB Ratio was 7.16. The lowest was 1.60. And the median was 2.37.
SHSE:600031's PB Ratio is ranked worse than 67% of 200
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.52
vs SHSE:600031: 1.91
During the past 12 months, Sany Heavy Industry Co's average Book Value Per Share Growth Rate was 11.50% 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 6.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sany Heavy Industry Co was 96.40% per year. The lowest was -1.60% per year. And the median was 23.30% per year.
Back to Basics: PB Ratio
Sany Heavy Industry Co (SHSE:600031) 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.
* 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 Farm & Heavy Construction Machinery subindustry, Sany Heavy Industry Co'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.
Sany Heavy Industry Co PB Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Sany Heavy Industry Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Sany Heavy Industry Co'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.
Sany Heavy Industry Co (SHSE:600031) has a PB Ratio of 1.91 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sany Heavy Industry Co and its competitors. This is 19% below median its historical median of 2.37. Over the past decade, Sany Heavy Industry Co's PB Ratio has ranged from 1.60 to 7.16. According to the industry distribution chart, Sany Heavy Industry Co ranks #134 out of 200 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 67%.
Is Sany Heavy Industry Co's PB Ratio too high?
Sany Heavy Industry Co's current PB Ratio of 1.91 is 19% below median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 7.16. The Farm & Heavy Construction Machinery industry median PB Ratio is 1.52. Sany Heavy Industry Co's value of 1.91 is 25.7% above this industry median. Based on the distribution chart, Sany Heavy Industry Co ranks #134 out of 200 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Sany Heavy Industry Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sany Heavy Industry Co's PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Sany Heavy Industry Co ranks #134 out of 200 companies for PB Ratio. This places Sany Heavy Industry Co in the lower half of its industry. The industry median PB Ratio is 1.52. Sany Heavy Industry Co's value of 1.91 is 25.7% above this benchmark. Historically, Sany Heavy Industry Co's own PB Ratio has ranged from 1.60 to 7.16 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.52, Sany Heavy Industry Co has consistently been above 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 Farm & Heavy Construction Machinery company?
The median PB Ratio among Farm & Heavy Construction Machinery companies is 1.52, based on 200 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. Sany Heavy Industry Co's current PB Ratio of 1.91 is 25.7% above 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 Sany Heavy Industry Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sany Heavy Industry Co's current PB Ratio is 1.91, which is 19% below median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sany Heavy Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Sany Heavy Industry Co (SHSE:600031) is currently considered Fairly Valued. The stock's GF Value™ is ¥20.34, compared to a current price of ¥18.86 — trading 7.3% below its estimated fair value. The current PB Ratio is 1.91, which is 19% below median its 10-year median of 2.37 and 25.7% above the Farm & Heavy Construction Machinery industry median of 1.52. Sany Heavy Industry Co's overall GF Score™ is 81/100 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 Sany Heavy Industry Co (SHSE:600031), the current PB Ratio is 1.91 as of Jul. 11, 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 Sany Heavy Industry Co (SHSE:600031) Overvalued in 2026?
Based on GuruFocus' analysis, Sany Heavy Industry Co stock appears to be undervalued.
The current stock price of ¥18.86 is trading 7.3% below its estimated GF Value™ of ¥20.34.
GuruFocus considers Sany Heavy Industry Co to be Fairly Valued.
Key valuation signals for SHSE:600031:
PB Ratio: 1.91 (19% below median its 10-year median of 2.37)
GF Value™: ¥20.34 vs. price of ¥18.86 (7.3% below fair value)
Industry Position: 25.7% above the Farm & Heavy Construction Machinery median (#134 of 200)
No single metric tells the full story. See the SHSE:600031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sany Heavy Industry Co Ltd is a construction machinery manufacturer in China. Its products range from concrete and crane machinery to excavators, road construction, piling machinery, and others. The company operates its businesses through seven segments: Concrete Machinery, Excavator Machinery, Hoisting Machinery, Piling Machinery, Road Machinery, Financial Services, and Others. It generates the majority of its revenue from the Excavator Machinery segment, which engages in research, development, manufacture, and sale of excavator machinery products.
81GF Score
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