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SHSE:600308's PB Ratio is ranked better than 67.65% of 272
companies
in the Forest Products industry
Industry Median: 0.785
vs SHSE:600308: 0.54
During the past 12 months, Shandong Huatai Paper Industry Shareholding Co's average Book Value Per Share Growth Rate was -1.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.10% 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 5.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Shandong Huatai Paper Industry Shareholding Co was 25.00% per year. The lowest was -0.10% per year. And the median was 6.70% per year.
Back to Basics: PB Ratio
Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) 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.
Shandong Huatai Paper Industry Shareholding Co PB Ratio Related Terms
Shandong Huatai Paper Industry Shareholding Co 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.
Shandong Huatai Paper Industry Shareholding Co PB Ratio Chart
Shandong Huatai Paper Industry Shareholding Co Annual Data
* 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.
Shandong Huatai Paper Industry Shareholding Co PB Ratio vs Forest Products Industry
Shandong Huatai Paper Industry Shareholding Co 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.
Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) has a PB Ratio of 0.54 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shandong Huatai Paper Industry Shareholding Co and its competitors. This is 21% below median its historical median of 0.68. Over the past decade, Shandong Huatai Paper Industry Shareholding Co's PB Ratio has ranged from 0.49 to 1.31. According to the industry distribution chart, Shandong Huatai Paper Industry Shareholding Co ranks #88 out of 272 companies in the Forest Products industry, placing it in the top 32.4%.
Is Shandong Huatai Paper Industry Shareholding Co's PB Ratio too high?
Shandong Huatai Paper Industry Shareholding Co's current PB Ratio of 0.54 is 21% below median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 1.31. The Forest Products industry median PB Ratio is 0.79. Shandong Huatai Paper Industry Shareholding Co's value of 0.54 is 31.2% below this industry median. Based on the distribution chart, Shandong Huatai Paper Industry Shareholding Co ranks #88 out of 272 companies in the Forest Products industry, which is above the industry midpoint. Overall, Shandong Huatai Paper Industry Shareholding Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shandong Huatai Paper Industry Shareholding Co's PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, Shandong Huatai Paper Industry Shareholding Co ranks #88 out of 272 companies for PB Ratio. This puts Shandong Huatai Paper Industry Shareholding Co in the upper half of its industry. The industry median PB Ratio is 0.79. Shandong Huatai Paper Industry Shareholding Co's value of 0.54 is 31.2% below this benchmark. Historically, Shandong Huatai Paper Industry Shareholding Co's own PB Ratio has ranged from 0.49 to 1.31 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.79, Shandong Huatai Paper Industry Shareholding Co 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 0.79, based on 272 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. Shandong Huatai Paper Industry Shareholding Co's current PB Ratio of 0.54 is 31.2% 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 Shandong Huatai Paper Industry Shareholding Co and its competitors. For the Forest Products industry, the median PB Ratio is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Huatai Paper Industry Shareholding Co's current PB Ratio is 0.54, which is 21% below median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Huatai Paper Industry Shareholding Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.55, compared to a current price of ¥3.21 — trading 9.6% below its estimated fair value. The current PB Ratio is 0.54, which is 21% below median its 10-year median of 0.68 and 31.2% below the Forest Products industry median of 0.79. Shandong Huatai Paper Industry Shareholding Co's overall GF Score™ is 61/100 with 8 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 Shandong Huatai Paper Industry Shareholding Co (SHSE:600308), the current PB Ratio is 0.54 as of Jul. 16, 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 Shandong Huatai Paper Industry Shareholding Co (SHSE:600308) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Huatai Paper Industry Shareholding Co stock appears to be undervalued.
The current stock price of ¥3.21 is trading 9.6% below its estimated GF Value™ of ¥3.55.
GuruFocus considers Shandong Huatai Paper Industry Shareholding Co to be Fairly Valued.
Key valuation signals for SHSE:600308:
PB Ratio: 0.54 (21% below median its 10-year median of 0.68)
GF Value™: ¥3.55 vs. price of ¥3.21 (9.6% below fair value)
Industry Position: 31.2% below the Forest Products median (#88 of 272)
No single metric tells the full story. See the SHSE:600308 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Huatai Paper Industry Shareholding Co Business Description
Shandong Huatai Paper Industry Shareholding Co Ltd is engaged in the manufacture and distribution of paper products and related chemical products. The groups main products are high-grade newspaper, high-grade coated paper, double adhesive tape, light adhesive tape, new textbook paper, super pressure More than 100 kinds of papers such as glossy paper, electrostatic copy paper and household paper, and more than 20 kinds of chemical products such as liquid chlorine, caustic soda and hydrogen peroxide. Geographically it operates through the region of China.
61GF Score
Get the complete analysis for SHSE:600308
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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