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Shinva Medical Instrument CoSHSE:600587 -0.46%58 PB Ratio is 1.02 as of Jul. 17, 2026, which is 37% below its 10-year median of 1.63. GuruFocus rates SHSE:600587 with a GF Score™ of 58/100 and a GF Value™ of ¥15.52 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 787 Medical Devices & Instruments companies, Shinva Medical Instrument Co ranks better than 79.16% on this metric.
Shinva Medical Instrument Co Ltd stock PB Ratio (=0.94) is close to 10-year low of 0.9.
The historical rank and industry rank for Shinva Medical Instrument Co's PB Ratio or its related term are showing as below:
SHSE:600587'
s PB Ratio Range Over the Past 10 Years
Min: 0.9 Med: 1.63 Max: 3.22
Current: 1.02
During the past 13 years, Shinva Medical Instrument Co's highest PB Ratio was 3.22. The lowest was 0.90. And the median was 1.63.
SHSE:600587's PB Ratio is ranked better than 79.16% of 787
companies
in the Medical Devices & Instruments industry
Industry Median: 2.05
vs SHSE:600587: 1.02
During the past 12 months, Shinva Medical Instrument Co's average Book Value Per Share Growth Rate was -0.10% 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 9.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Shinva Medical Instrument Co was 40.00% per year. The lowest was -2.90% per year. And the median was 10.00% per year.
Back to Basics: PB Ratio
Shinva Medical Instrument Co (SHSE:600587) 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.
Shinva Medical Instrument Co PB Ratio Related Terms
Shinva Medical Instrument 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 Medical Devices subindustry, Shinva Medical Instrument 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.
Shinva Medical Instrument Co PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Shinva Medical Instrument Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Shinva Medical Instrument 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.
Shinva Medical Instrument Co (SHSE:600587) has a PB Ratio of 1.02 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shinva Medical Instrument Co and its competitors. This is 37% below median its historical median of 1.63. Over the past decade, Shinva Medical Instrument Co's PB Ratio has ranged from 0.90 to 3.22. According to the industry distribution chart, Shinva Medical Instrument Co ranks #164 out of 787 companies in the Medical Devices & Instruments industry, placing it in the top 20.8%.
Is Shinva Medical Instrument Co's PB Ratio too high?
Shinva Medical Instrument Co's current PB Ratio of 1.02 is 37% below median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 3.22. The Medical Devices & Instruments industry median PB Ratio is 2.05. Shinva Medical Instrument Co's value of 1.02 is 50.2% below this industry median. Based on the distribution chart, Shinva Medical Instrument Co ranks #164 out of 787 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Shinva Medical Instrument Co has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shinva Medical Instrument Co's PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Shinva Medical Instrument Co ranks #164 out of 787 companies for PB Ratio. This places Shinva Medical Instrument Co in the top 21% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.05. Shinva Medical Instrument Co's value of 1.02 is 50.2% below this benchmark. Historically, Shinva Medical Instrument Co's own PB Ratio has ranged from 0.90 to 3.22 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 2.05, Shinva Medical Instrument 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 Medical Devices & Instruments company?
The median PB Ratio among Medical Devices & Instruments companies is 2.05, based on 787 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. Shinva Medical Instrument Co's current PB Ratio of 1.02 is 50.2% 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 Shinva Medical Instrument Co and its competitors. For the Medical Devices & Instruments industry, the median PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinva Medical Instrument Co's current PB Ratio is 1.02, which is 37% below median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinva Medical Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Shinva Medical Instrument Co (SHSE:600587) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.52, compared to a current price of ¥13.09 — trading 15.7% below its estimated fair value. The current PB Ratio is 1.02, which is 37% below median its 10-year median of 1.63 and 50.2% below the Medical Devices & Instruments industry median of 2.05. Shinva Medical Instrument Co's overall GF Score™ is 58/100 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 Shinva Medical Instrument Co (SHSE:600587), the current PB Ratio is 1.02 as of Jul. 17, 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 Shinva Medical Instrument Co (SHSE:600587) Overvalued in 2026?
Based on GuruFocus' analysis, Shinva Medical Instrument Co stock appears to be undervalued.
The current stock price of ¥13.09 is trading 15.7% below its estimated GF Value™ of ¥15.52.
GuruFocus considers Shinva Medical Instrument Co to be Modestly Undervalued.
Key valuation signals for SHSE:600587:
PB Ratio: 1.02 (37% below median its 10-year median of 1.63)
GF Value™: ¥15.52 vs. price of ¥13.09 (15.7% below fair value)
Industry Position: 50.2% below the Medical Devices & Instruments median (#164 of 787)
No single metric tells the full story. See the SHSE:600587 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinva Medical Instrument Co Ltd manufactures medical instruments in China. Its main products include sterilizers and testing products, radiotherapy and digital diagnosis equipment, surgical instruments and pharmaceutical machinery.
58GF Score
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