Zhongjin GoldSHSE:600489 +1.95%88 PB Ratio is 3.01 as of Jul. 12, 2026, which is 37% above its 10-year median of 2.20. GuruFocus rates SHSE:600489 with a GF Score™ of 88/100 and a GF Value™ of ¥21.24 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,357 Metals & Mining companies, Zhongjin Gold ranks worse than 61.39% on this metric.
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. As of today (2026-07-12), Zhongjin Gold's share price is ¥20.34. Zhongjin Gold's Book Value per Share for the quarter that ended in Mar. 2026 was ¥6.77. Hence, Zhongjin Gold's PB Ratio of today is 3.01.
The historical rank and industry rank for Zhongjin Gold's PB Ratio or its related term are showing as below:
SHSE:600489'
s PB Ratio Range Over the Past 10 Years
Min: 1.33 Med: 2.2 Max: 5.9
Current: 3.01
During the past 13 years, Zhongjin Gold's highest PB Ratio was 5.90. The lowest was 1.33. And the median was 2.20.
SHSE:600489's PB Ratio is ranked worse than 61.39% of 2357
companies
in the Metals & Mining industry
Industry Median: 2.22
vs SHSE:600489: 3.01
During the past 12 months, Zhongjin Gold's average Book Value Per Share Growth Rate was 15.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Zhongjin Gold was 78.50% per year. The lowest was -0.60% per year. And the median was 8.40% per year.
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.
Zhongjin Gold PB Ratio Related Terms
Zhongjin Gold PB Ratio Historical Data
* Premium members only.
The historical data trend for Zhongjin Gold'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 Gold subindustry, Zhongjin Gold'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.
Zhongjin Gold PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zhongjin Gold's PB Ratio distribution charts can be found below:
* The bar in red indicates where Zhongjin Gold'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.
Zhongjin Gold's PB Ratio for today is calculated as follows:
* 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.
Zhongjin Gold (SHSE:600489) has a PB Ratio of 3.01 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Zhongjin Gold and its competitors. This is 37% above median its historical median of 2.20. Over the past decade, Zhongjin Gold's PB Ratio has ranged from 1.33 to 5.90. According to the industry distribution chart, Zhongjin Gold ranks #1447 out of 2357 companies in the Metals & Mining industry, placing it in the top 61.4%.
Is Zhongjin Gold's PB Ratio too high?
Zhongjin Gold's current PB Ratio of 3.01 is 37% above median its 10-year median of 2.20. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 5.90. The Metals & Mining industry median PB Ratio is 2.22. Zhongjin Gold's value of 3.01 is 35.6% above this industry median. Based on the distribution chart, Zhongjin Gold ranks #1447 out of 2357 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Zhongjin Gold has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhongjin Gold's PB Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Zhongjin Gold ranks #1447 out of 2357 companies for PB Ratio. This places Zhongjin Gold in the lower half of its industry. The industry median PB Ratio is 2.22. Zhongjin Gold's value of 3.01 is 35.6% above this benchmark. Historically, Zhongjin Gold's own PB Ratio has ranged from 1.33 to 5.90 over the past decade. While the company's 10-year median is 2.20 vs. the industry median of 2.22, Zhongjin Gold 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 Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.22, based on 2,357 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. Zhongjin Gold's current PB Ratio of 3.01 is 35.6% 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 Zhongjin Gold and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongjin Gold's current PB Ratio is 3.01, which is 37% above median its own 10-year median of 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongjin Gold stock overvalued right now?
Based on GuruFocus' analysis, Zhongjin Gold (SHSE:600489) is currently considered Fairly Valued. The stock's GF Value™ is ¥21.24, compared to a current price of ¥20.34 — trading 4.2% below its estimated fair value. The current PB Ratio is 3.01, which is 37% above median its 10-year median of 2.20 and 35.6% above the Metals & Mining industry median of 2.22. Zhongjin Gold's overall GF Score™ is 88/100 with 1 warning sign 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 Zhongjin Gold (SHSE:600489), the current PB Ratio is 3.01 as of Jul. 12, 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 Zhongjin Gold (SHSE:600489) Overvalued in 2026?
Based on GuruFocus' analysis, Zhongjin Gold stock appears to be undervalued.
The current stock price of ¥20.34 is trading 4.2% below its estimated GF Value™ of ¥21.24.
GuruFocus considers Zhongjin Gold to be Fairly Valued.
Key valuation signals for SHSE:600489:
PB Ratio: 3.01 (37% above median its 10-year median of 2.20)
GF Value™: ¥21.24 vs. price of ¥20.34 (4.2% below fair value)
Industry Position: 35.6% above the Metals & Mining median (#1447 of 2357)
No single metric tells the full story. See the SHSE:600489 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhongjin Gold Corp Ltd engages in the mining, smelting, and sale of non-ferrous metals in China. Its products include gold, electrolytic silver and copper, sulfuric acid, and other products, as well as iron oxide pigments. The company operates its business in both the domestic and overseas market.
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