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.
SHSE:600381's PB Ratio is ranked worse than 61.45% of 926
companies
in the Drug Manufacturers industry
Industry Median: 1.91
vs SHSE:600381: 2.52
During the past 12 months, Qinghai Spring Medicinal Resources Technology Co's average Book Value Per Share Growth Rate was -6.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -13.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -14.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -6.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Qinghai Spring Medicinal Resources Technology Co was 34.10% per year. The lowest was -20.80% per year. And the median was -0.60% per year.
Back to Basics: PB Ratio
Qinghai Spring Medicinal Resources Technology Co (SHSE:600381) 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.
Qinghai Spring Medicinal Resources Technology Co PB Ratio Related Terms
Qinghai Spring Medicinal Resources Technology 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.
Qinghai Spring Medicinal Resources Technology Co PB Ratio Chart
Qinghai Spring Medicinal Resources Technology Co Annual Data
For the Drug Manufacturers - Specialty & Generic subindustry, Qinghai Spring Medicinal Resources Technology 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.
Qinghai Spring Medicinal Resources Technology Co PB Ratio vs Drug Manufacturers Industry
Qinghai Spring Medicinal Resources Technology 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.
Qinghai Spring Medicinal Resources Technology Co (SHSE:600381) has a PB Ratio of 2.52 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Qinghai Spring Medicinal Resources Technology Co and its competitors. This is near median its historical median of 2.46. Over the past decade, Qinghai Spring Medicinal Resources Technology Co's PB Ratio has ranged from 0.95 to 6.84. According to the industry distribution chart, Qinghai Spring Medicinal Resources Technology Co ranks #569 out of 926 companies in the Drug Manufacturers industry, placing it in the top 61.4%.
Is Qinghai Spring Medicinal Resources Technology Co's PB Ratio too high?
Qinghai Spring Medicinal Resources Technology Co's current PB Ratio of 2.52 is near median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 6.84. The Drug Manufacturers industry median PB Ratio is 1.91. Qinghai Spring Medicinal Resources Technology Co's value of 2.52 is 31.9% above this industry median. Based on the distribution chart, Qinghai Spring Medicinal Resources Technology Co ranks #569 out of 926 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Qinghai Spring Medicinal Resources Technology Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qinghai Spring Medicinal Resources Technology Co's PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Qinghai Spring Medicinal Resources Technology Co ranks #569 out of 926 companies for PB Ratio. This places Qinghai Spring Medicinal Resources Technology Co in the lower half of its industry. The industry median PB Ratio is 1.91. Qinghai Spring Medicinal Resources Technology Co's value of 2.52 is 31.9% above this benchmark. Historically, Qinghai Spring Medicinal Resources Technology Co's own PB Ratio has ranged from 0.95 to 6.84 over the past decade. While the company's 10-year median is 2.46 vs. the industry median of 1.91, Qinghai Spring Medicinal Resources Technology 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 Drug Manufacturers company?
The median PB Ratio among Drug Manufacturers companies is 1.91, based on 926 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. Qinghai Spring Medicinal Resources Technology Co's current PB Ratio of 2.52 is 31.9% 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 Qinghai Spring Medicinal Resources Technology Co and its competitors. For the Drug Manufacturers industry, the median PB Ratio is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qinghai Spring Medicinal Resources Technology Co's current PB Ratio is 2.52, which is near median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qinghai Spring Medicinal Resources Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Qinghai Spring Medicinal Resources Technology Co (SHSE:600381) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥5.85, compared to a current price of ¥4.20 — trading 28.2% below its estimated fair value. The current PB Ratio is 2.52, which is near median its 10-year median of 2.46 and 31.9% above the Drug Manufacturers industry median of 1.91. Qinghai Spring Medicinal Resources Technology Co's overall GF Score™ is 68/100. 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 Qinghai Spring Medicinal Resources Technology Co (SHSE:600381), the current PB Ratio is 2.52 as of Jul. 19, 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 Qinghai Spring Medicinal Resources Technology Co (SHSE:600381) Overvalued in 2026?
Based on GuruFocus' analysis, Qinghai Spring Medicinal Resources Technology Co stock appears to be undervalued.
The current stock price of ¥4.20 is trading 28.2% below its estimated GF Value™ of ¥5.85.
GuruFocus considers Qinghai Spring Medicinal Resources Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:600381:
PB Ratio: 2.52 (near median its 10-year median of 2.46)
GF Value™: ¥5.85 vs. price of ¥4.20 (28.2% below fair value)
Industry Position: 31.9% above the Drug Manufacturers median (#569 of 926)
No single metric tells the full story. See the SHSE:600381 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qinghai Spring Medicinal Resources Technology Co Business Description
Qinghai Spring Medicinal Resources Technology Co Ltd is a China-based company that principally engaged in the integrated development, utilization, production, sales, and consulting services of the natural advantageous resources on the Qinghai-Tibet plateau, as well as the development and utilization of other biological resources. The Company's main products are the cordyceps sinensis series products under the Verygrass brand, which includes cordyceps sinensis pure powder tablet, processed cordyceps sinensis, and raw cordyceps sinensis.
68GF Score
Get the complete analysis for SHSE:600381
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:600381 has been successfully added to your 
