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China Spacesat CoSHSE:600118 -2.74%61 PB Ratio is 11.14 as of Jul. 22, 2026, which is 113% above its 10-year median of 5.24. GuruFocus rates SHSE:600118 with a GF Score™ of 61/100 and a GF Value™ of ¥33.82 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 342 Aerospace & Defense companies, China Spacesat Co ranks worse than 88.6% on this metric.
The historical rank and industry rank for China Spacesat Co's PB Ratio or its related term are showing as below:
SHSE:600118'
s PB Ratio Range Over the Past 10 Years
Min: 3.44 Med: 5.24 Max: 21.35
Current: 11.14
During the past 13 years, China Spacesat Co's highest PB Ratio was 21.35. The lowest was 3.44. And the median was 5.24.
SHSE:600118's PB Ratio is ranked worse than 88.6% of 342
companies
in the Aerospace & Defense industry
Industry Median: 3.5
vs SHSE:600118: 11.14
During the past 12 months, China Spacesat Co's average Book Value Per Share Growth Rate was 0.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Spacesat Co was 88.40% per year. The lowest was -0.10% per year. And the median was 6.10% per year.
Back to Basics: PB Ratio
China Spacesat Co (SHSE:600118) 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.
China Spacesat Co PB Ratio Related Terms
China Spacesat Co PB Ratio Historical Data
* Premium members only.
The historical data trend for China Spacesat Co'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 Aerospace & Defense subindustry, China Spacesat 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.
China Spacesat Co PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, China Spacesat Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where China Spacesat 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.
China Spacesat Co (SHSE:600118) has a PB Ratio of 11.14 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on China Spacesat Co and its competitors. This is 113% above median its historical median of 5.24. Over the past decade, China Spacesat Co's PB Ratio has ranged from 3.44 to 21.35. According to the industry distribution chart, China Spacesat Co ranks #303 out of 342 companies in the Aerospace & Defense industry, placing it in the top 88.6%.
Is China Spacesat Co's PB Ratio too high?
China Spacesat Co's current PB Ratio of 11.14 is 113% above median its 10-year median of 5.24. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 21.35. The Aerospace & Defense industry median PB Ratio is 3.50. China Spacesat Co's value of 11.14 is 218.3% above this industry median. Based on the distribution chart, China Spacesat Co ranks #303 out of 342 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, China Spacesat Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Spacesat Co's PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, China Spacesat Co ranks #303 out of 342 companies for PB Ratio. This places China Spacesat Co in the lower half of its industry. The industry median PB Ratio is 3.50. China Spacesat Co's value of 11.14 is 218.3% above this benchmark. Historically, China Spacesat Co's own PB Ratio has ranged from 3.44 to 21.35 over the past decade. While the company's 10-year median is 5.24 vs. the industry median of 3.50, China Spacesat 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 an Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.50, based on 342 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. China Spacesat Co's current PB Ratio of 11.14 is 218.3% 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 China Spacesat Co and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Spacesat Co's current PB Ratio is 11.14, which is 113% above median its own 10-year median of 5.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Spacesat Co stock overvalued right now?
Based on GuruFocus' analysis, China Spacesat Co (SHSE:600118) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥33.82, compared to a current price of ¥59.61 — trading 76.3% above its estimated fair value. The current PB Ratio is 11.14, which is 113% above median its 10-year median of 5.24 and 218.3% above the Aerospace & Defense industry median of 3.50. China Spacesat Co's overall GF Score™ is 61/100 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 China Spacesat Co (SHSE:600118), the current PB Ratio is 11.14 as of Jul. 22, 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 China Spacesat Co (SHSE:600118) Overvalued in 2026?
Based on GuruFocus' analysis, China Spacesat Co stock appears to be overvalued.
The current stock price of ¥59.61 is trading 76.3% above its estimated GF Value™ of ¥33.82.
GuruFocus considers China Spacesat Co to be Significantly Overvalued.
Key valuation signals for SHSE:600118:
PB Ratio: 11.14 (113% above median its 10-year median of 5.24)
GF Value™: ¥33.82 vs. price of ¥59.61 (76.3% above fair value)
Industry Position: 218.3% above the Aerospace & Defense median (#303 of 342)
No single metric tells the full story. See the SHSE:600118 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Spacesat Co Ltd is a China-based company engages in the development of small satellites, satellite ground systems, and related equipment. Its products offer aerospace system integration, large-scale ground station systems integration, satellite communications applications, satellite navigation applications and information transmission. The company operates its business in North China, northwest of China and South China.
61GF Score
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