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Shanghai Shibei Hi-Tech Co Ltd stock PB Ratio (=1.31) is close to 1-year low of 1.25.
The historical rank and industry rank for Shanghai Shibei Hi-Tech Co's PB Ratio or its related term are showing as below:
SHSE:600604'
s PB Ratio Range Over the Past 10 Years
Min: 1.01 Med: 1.69 Max: 6.22
Current: 1.33
During the past 13 years, Shanghai Shibei Hi-Tech Co's highest PB Ratio was 6.22. The lowest was 1.01. And the median was 1.69.
SHSE:600604's PB Ratio is ranked worse than 71.14% of 1715
companies
in the Real Estate industry
Industry Median: 0.81
vs SHSE:600604: 1.33
During the past 12 months, Shanghai Shibei Hi-Tech Co's average Book Value Per Share Growth Rate was -5.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Shanghai Shibei Hi-Tech Co was 96.60% per year. The lowest was -25.30% per year. And the median was 1.70% per year.
Back to Basics: PB Ratio
Shanghai Shibei Hi-Tech Co (SHSE:600604) 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.
Shanghai Shibei Hi-Tech Co PB Ratio Related Terms
Shanghai Shibei Hi-Tech 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.
SHSE:600604 vs CBRE, BEKE, JLL: PB Ratio Comparison
For the Real Estate Services subindustry, Shanghai Shibei Hi-Tech 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.
Shanghai Shibei Hi-Tech Co PB Ratio vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Shanghai Shibei Hi-Tech Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Shanghai Shibei Hi-Tech 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.
Shanghai Shibei Hi-Tech Co (SHSE:600604) has a PB Ratio of 1.33 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shanghai Shibei Hi-Tech Co and its competitors. This is 21% below median its historical median of 1.69. Over the past decade, Shanghai Shibei Hi-Tech Co's PB Ratio has ranged from 1.01 to 6.22. According to the industry distribution chart, Shanghai Shibei Hi-Tech Co ranks #1220 out of 1715 companies in the Real Estate industry, placing it in the top 71.1%.
Is Shanghai Shibei Hi-Tech Co's PB Ratio too high?
Shanghai Shibei Hi-Tech Co's current PB Ratio of 1.33 is 21% below median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 6.22. The Real Estate industry median PB Ratio is 0.81. Shanghai Shibei Hi-Tech Co's value of 1.33 is 64.2% above this industry median. Based on the distribution chart, Shanghai Shibei Hi-Tech Co ranks #1220 out of 1715 companies in the Real Estate industry, which is below the industry midpoint. Overall, Shanghai Shibei Hi-Tech Co has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Shibei Hi-Tech Co's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Shanghai Shibei Hi-Tech Co ranks #1220 out of 1715 companies for PB Ratio. This places Shanghai Shibei Hi-Tech Co in the lower half of its industry. The industry median PB Ratio is 0.81. Shanghai Shibei Hi-Tech Co's value of 1.33 is 64.2% above this benchmark. Historically, Shanghai Shibei Hi-Tech Co's own PB Ratio has ranged from 1.01 to 6.22 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 0.81, Shanghai Shibei Hi-Tech 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.81, based on 1,715 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. Shanghai Shibei Hi-Tech Co's current PB Ratio of 1.33 is 64.2% 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 Shanghai Shibei Hi-Tech Co and its competitors. For the Real Estate industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Shibei Hi-Tech Co's current PB Ratio is 1.33, which is 21% below median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Shibei Hi-Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Shibei Hi-Tech Co (SHSE:600604) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.12, compared to a current price of ¥4.28 — trading 3.9% above its estimated fair value. The current PB Ratio is 1.33, which is 21% below median its 10-year median of 1.69 and 64.2% above the Real Estate industry median of 0.81. Shanghai Shibei Hi-Tech Co's overall GF Score™ is 56/100 with 8 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 Shanghai Shibei Hi-Tech Co (SHSE:600604), the current PB Ratio is 1.33 as of Jul. 14, 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 Shanghai Shibei Hi-Tech Co (SHSE:600604) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Shibei Hi-Tech Co stock appears to be overvalued.
The current stock price of ¥4.28 is trading 3.9% above its estimated GF Value™ of ¥4.12.
GuruFocus considers Shanghai Shibei Hi-Tech Co to be Fairly Valued.
Key valuation signals for SHSE:600604:
PB Ratio: 1.33 (21% below median its 10-year median of 1.69)
GF Value™: ¥4.12 vs. price of ¥4.28 (3.9% above fair value)
Industry Position: 64.2% above the Real Estate median (#1220 of 1715)
No single metric tells the full story. See the SHSE:600604 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Shibei Hi-Tech Co Ltd is engaged in the business of Industrial real estate development and operation, industrial investment incubation, and integrated industrial services.
56GF Score
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