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.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Dawei Technology (Guangdong) Group Co was 63.50% per year. The lowest was -71.60% per year. And the median was 10.10% per year.
Back to Basics: PB Ratio
Dawei Technology (Guangdong) Group Co (SHSE:600589) 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.
Dawei Technology (Guangdong) Group Co PB Ratio Related Terms
Dawei Technology (Guangdong) Group 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.
Dawei Technology (Guangdong) Group Co PB Ratio Chart
For the Chemicals subindustry, Dawei Technology (Guangdong) Group 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.
Dawei Technology (Guangdong) Group Co PB Ratio vs Chemicals Industry
Dawei Technology (Guangdong) Group 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.
Dawei Technology (Guangdong) Group Co (SHSE:600589) has a PB Ratio of 17.18 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Dawei Technology (Guangdong) Group Co and its competitors. This is 899% above median its historical median of 1.72. Over the past decade, Dawei Technology (Guangdong) Group Co's PB Ratio has ranged from 0.85 to 44.53. According to the industry distribution chart, Dawei Technology (Guangdong) Group Co ranks #1541 out of 1575 companies in the Chemicals industry, placing it in the top 97.8%.
Is Dawei Technology (Guangdong) Group Co's PB Ratio too high?
Dawei Technology (Guangdong) Group Co's current PB Ratio of 17.18 is 899% above median its 10-year median of 1.72. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 44.53. The Chemicals industry median PB Ratio is 1.63. Dawei Technology (Guangdong) Group Co's value of 17.18 is 954% above this industry median. Based on the distribution chart, Dawei Technology (Guangdong) Group Co ranks #1541 out of 1575 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Dawei Technology (Guangdong) Group Co has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dawei Technology (Guangdong) Group Co's PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Dawei Technology (Guangdong) Group Co ranks #1541 out of 1575 companies for PB Ratio. This places Dawei Technology (Guangdong) Group Co in the lower half of its industry. The industry median PB Ratio is 1.63. Dawei Technology (Guangdong) Group Co's value of 17.18 is 954% above this benchmark. Historically, Dawei Technology (Guangdong) Group Co's own PB Ratio has ranged from 0.85 to 44.53 over the past decade. While the company's 10-year median is 1.72 vs. the industry median of 1.63, Dawei Technology (Guangdong) Group 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 Chemicals company?
The median PB Ratio among Chemicals companies is 1.63, based on 1,575 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. Dawei Technology (Guangdong) Group Co's current PB Ratio of 17.18 is 954% 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 Dawei Technology (Guangdong) Group Co and its competitors. For the Chemicals industry, the median PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dawei Technology (Guangdong) Group Co's current PB Ratio is 17.18, which is 899% above median its own 10-year median of 1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dawei Technology (Guangdong) Group Co stock overvalued right now?
Based on GuruFocus' analysis, Dawei Technology (Guangdong) Group Co (SHSE:600589) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.34, compared to a current price of ¥7.18 — trading 34.5% above its estimated fair value. The current PB Ratio is 17.18, which is 899% above median its 10-year median of 1.72 and 954% above the Chemicals industry median of 1.63. Dawei Technology (Guangdong) Group Co's overall GF Score™ is 39/100 with 7 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 Dawei Technology (Guangdong) Group Co (SHSE:600589), the current PB Ratio is 17.18 as of Jul. 22, 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 Dawei Technology (Guangdong) Group Co (SHSE:600589) Overvalued in 2026?
Based on GuruFocus' analysis, Dawei Technology (Guangdong) Group Co stock appears to be overvalued.
The current stock price of ¥7.18 is trading 34.5% above its estimated GF Value™ of ¥5.34.
GuruFocus considers Dawei Technology (Guangdong) Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:600589:
PB Ratio: 17.18 (899% above median its 10-year median of 1.72)
GF Value™: ¥5.34 vs. price of ¥7.18 (34.5% above fair value)
Industry Position: 954% above the Chemicals median (#1541 of 1575)
No single metric tells the full story. See the SHSE:600589 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dawei Technology (Guangdong) Group Co Business Description
Dawei Technology (Guangdong) Group Co Ltd formerly Guangdong Rongtai Industry Co Ltd produces and sells new chemical materials and their products mostly and does research and development of high polymer composite. The company owns 3 plants (a chemical solvent plant, a chemical material plant, a melamine ware plant), a research institute, an engineering and technology research and development center (province grade), an enterprise technology center (province grade), and a postdoctoral programme.
39GF Score
Get the complete analysis for SHSE:600589
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:600589 has been successfully added to your 
