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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:600468'
s PB Ratio Range Over the Past 10 Years
Min: 1.88 Med: 2.79 Max: 4.95
Current: 3.07
During the past 13 years, Tianjin Benefo Tejing Electric Co's highest PB Ratio was 4.95. The lowest was 1.88. And the median was 2.79.
SHSE:600468's PB Ratio is ranked worse than 65.83% of 2985
companies
in the Industrial Products industry
Industry Median: 2.12
vs SHSE:600468: 3.07
During the past 12 months, Tianjin Benefo Tejing Electric Co's average Book Value Per Share Growth Rate was 4.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tianjin Benefo Tejing Electric Co was 45.20% per year. The lowest was -0.90% per year. And the median was 6.10% per year.
Back to Basics: PB Ratio
Tianjin Benefo Tejing Electric Co (SHSE:600468) 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.
Tianjin Benefo Tejing Electric Co PB Ratio Related Terms
Tianjin Benefo Tejing Electric 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.
For the Electrical Equipment & Parts subindustry, Tianjin Benefo Tejing Electric 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.
Tianjin Benefo Tejing Electric Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tianjin Benefo Tejing Electric Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tianjin Benefo Tejing Electric Co's PB Ratio falls into.
Tianjin Benefo Tejing Electric 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.
Tianjin Benefo Tejing Electric Co (SHSE:600468) has a PB Ratio of 3.07 as of Jul. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tianjin Benefo Tejing Electric Co and its competitors. This is 10% above median its historical median of 2.79. Over the past decade, Tianjin Benefo Tejing Electric Co's PB Ratio has ranged from 1.88 to 4.95. According to the industry distribution chart, Tianjin Benefo Tejing Electric Co ranks #1965 out of 2985 companies in the Industrial Products industry, placing it in the top 65.8%.
Is Tianjin Benefo Tejing Electric Co's PB Ratio too high?
Tianjin Benefo Tejing Electric Co's current PB Ratio of 3.07 is 10% above median its 10-year median of 2.79. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 4.95. The Industrial Products industry median PB Ratio is 2.12. Tianjin Benefo Tejing Electric Co's value of 3.07 is 44.8% above this industry median. Based on the distribution chart, Tianjin Benefo Tejing Electric Co ranks #1965 out of 2985 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Tianjin Benefo Tejing Electric Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tianjin Benefo Tejing Electric Co's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Tianjin Benefo Tejing Electric Co ranks #1965 out of 2985 companies for PB Ratio. This places Tianjin Benefo Tejing Electric Co in the lower half of its industry. The industry median PB Ratio is 2.12. Tianjin Benefo Tejing Electric Co's value of 3.07 is 44.8% above this benchmark. Historically, Tianjin Benefo Tejing Electric Co's own PB Ratio has ranged from 1.88 to 4.95 over the past decade. While the company's 10-year median is 2.79 vs. the industry median of 2.12, Tianjin Benefo Tejing Electric 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 Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.12, based on 2,985 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. Tianjin Benefo Tejing Electric Co's current PB Ratio of 3.07 is 44.8% 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 Tianjin Benefo Tejing Electric Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianjin Benefo Tejing Electric Co's current PB Ratio is 3.07, which is 10% above median its own 10-year median of 2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianjin Benefo Tejing Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Tianjin Benefo Tejing Electric Co (SHSE:600468) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.87, compared to a current price of ¥5.75 — trading 2% below its estimated fair value. The current PB Ratio is 3.07, which is 10% above median its 10-year median of 2.79 and 44.8% above the Industrial Products industry median of 2.12. Tianjin Benefo Tejing Electric Co's overall GF Score™ is 60/100 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 Tianjin Benefo Tejing Electric Co (SHSE:600468), the current PB Ratio is 3.07 as of Jul. 28, 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 Tianjin Benefo Tejing Electric Co (SHSE:600468) Overvalued in 2026?
Based on GuruFocus' analysis, Tianjin Benefo Tejing Electric Co stock appears to be undervalued.
The current stock price of ¥5.75 is trading 2% below its estimated GF Value™ of ¥5.87.
GuruFocus considers Tianjin Benefo Tejing Electric Co to be Fairly Valued.
Key valuation signals for SHSE:600468:
PB Ratio: 3.07 (10% above median its 10-year median of 2.79)
GF Value™: ¥5.87 vs. price of ¥5.75 (2% below fair value)
Industry Position: 44.8% above the Industrial Products median (#1965 of 2985)
No single metric tells the full story. See the SHSE:600468 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianjin Benefo Tejing Electric Co Business Description
Tianjin Benefo Tejing Electric Co Ltd is engaged in the manufacture of transmission and distribution equipment, high and low-voltage electrical components, and electrical transmission and distribution equipment in China. The products include: high-power power electronic products SVG, SVC, used to stabilize system voltage and solve system voltage fluctuation problems; transmission system secondary control power connection products, used for high-voltage and ultra-high-voltage switch control system connection; distribution switch control equipment, used to provide distribution system solutions.
60GF Score
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