Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Langfang Development CoSHSE:600149 -4.53%66 PB Ratio is 6.60 as of Jul. 13, 2026, which is 40% below its 10-year median of 10.94. GuruFocus rates SHSE:600149 with a GF Score™ of 66/100 and a GF Value™ of ¥3.88 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,421 Hardware companies, Langfang Development Co ranks worse than 82.24% on this metric.
Langfang Development Co Ltd stock PB Ratio (=6.92) is close to 10-year low of 6.32.
The historical rank and industry rank for Langfang Development Co's PB Ratio or its related term are showing as below:
SHSE:600149'
s PB Ratio Range Over the Past 10 Years
Min: 6.32 Med: 10.94 Max: 76.31
Current: 6.61
During the past 13 years, Langfang Development Co's highest PB Ratio was 76.31. The lowest was 6.32. And the median was 10.94.
SHSE:600149's PB Ratio is ranked worse than 82.24% of 2421
companies
in the Hardware industry
Industry Median: 2.31
vs SHSE:600149: 6.61
During the past 12 months, Langfang Development Co's average Book Value Per Share Growth Rate was 6.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Langfang Development Co was 15.20% per year. The lowest was -24.60% per year. And the median was -5.30% per year.
Back to Basics: PB Ratio
Langfang Development Co (SHSE:600149) 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 Electronics & Computer Distribution subindustry, Langfang Development 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.
Langfang Development Co PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Langfang Development Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Langfang Development 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.
Langfang Development Co (SHSE:600149) has a PB Ratio of 6.60 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Langfang Development Co and its competitors. This is 40% below median its historical median of 10.94. Over the past decade, Langfang Development Co's PB Ratio has ranged from 6.32 to 76.31. According to the industry distribution chart, Langfang Development Co ranks #1991 out of 2421 companies in the Hardware industry, placing it in the top 82.2%.
Is Langfang Development Co's PB Ratio too high?
Langfang Development Co's current PB Ratio of 6.60 is 40% below median its 10-year median of 10.94. Over the past 10 years, this metric has ranged from a low of 6.32 to a high of 76.31. The Hardware industry median PB Ratio is 2.31. Langfang Development Co's value of 6.60 is 185.7% above this industry median. Based on the distribution chart, Langfang Development Co ranks #1991 out of 2421 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Langfang Development Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Langfang Development Co's PB Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Langfang Development Co ranks #1991 out of 2421 companies for PB Ratio. This places Langfang Development Co in the lower half of its industry. The industry median PB Ratio is 2.31. Langfang Development Co's value of 6.60 is 185.7% above this benchmark. Historically, Langfang Development Co's own PB Ratio has ranged from 6.32 to 76.31 over the past decade. While the company's 10-year median is 10.94 vs. the industry median of 2.31, Langfang Development 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 Hardware company?
The median PB Ratio among Hardware companies is 2.31, based on 2,421 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. Langfang Development Co's current PB Ratio of 6.60 is 185.7% 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 Langfang Development Co and its competitors. For the Hardware industry, the median PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Langfang Development Co's current PB Ratio is 6.60, which is 40% below median its own 10-year median of 10.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Langfang Development Co stock overvalued right now?
Based on GuruFocus' analysis, Langfang Development Co (SHSE:600149) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥3.88, compared to a current price of ¥4.43 — trading 14.2% above its estimated fair value. The current PB Ratio is 6.60, which is 40% below median its 10-year median of 10.94 and 185.7% above the Hardware industry median of 2.31. Langfang Development Co's overall GF Score™ is 66/100 with 2 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 Langfang Development Co (SHSE:600149), the current PB Ratio is 6.60 as of Jul. 13, 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 Langfang Development Co (SHSE:600149) Overvalued in 2026?
Based on GuruFocus' analysis, Langfang Development Co stock appears to be overvalued.
The current stock price of ¥4.43 is trading 14.2% above its estimated GF Value™ of ¥3.88.
GuruFocus considers Langfang Development Co to be Modestly Overvalued.
Key valuation signals for SHSE:600149:
PB Ratio: 6.60 (40% below median its 10-year median of 10.94)
GF Value™: ¥3.88 vs. price of ¥4.43 (14.2% above fair value)
Industry Position: 185.7% above the Hardware median (#1991 of 2421)
No single metric tells the full story. See the SHSE:600149 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Langfang Development Co Ltd is a China-based company primarily engaged in distribution of electronic products and the provision of network technology services.
66GF Score
Get the complete analysis for SHSE:600149
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600149 has been successfully added to your 
