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Bank of Xi'an CoSHSE:600928 +1.13%70 PB Ratio is 0.39 as of Jul. 23, 2026, which is 29% below its 10-year median of 0.55. GuruFocus rates SHSE:600928 with a GF Score™ of 70/100 and a GF Value™ of ¥5.42 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,511 Banks companies, Bank of Xi'an Co ranks better than 93.58% 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 (2026-07-23), Bank of Xi'an Co's share price is ¥3.57. Bank of Xi'an Co's Book Value per Share for the quarter that ended in Mar. 2026 was ¥9.20. Hence, Bank of Xi'an Co's PB Ratio of today is 0.39.
Good Sign:
Bank of Xi'an Co Ltd stock PB Ratio (=0.39) is close to 10-year low of 0.36.
The historical rank and industry rank for Bank of Xi'an Co's PB Ratio or its related term are showing as below:
SHSE:600928'
s PB Ratio Range Over the Past 10 Years
Min: 0.36 Med: 0.55 Max: 2.44
Current: 0.39
During the past 13 years, Bank of Xi'an Co's highest PB Ratio was 2.44. The lowest was 0.36. And the median was 0.55.
SHSE:600928's PB Ratio is ranked better than 93.58% of 1511
companies
in the Banks industry
Industry Median: 1.11
vs SHSE:600928: 0.39
During the past 12 months, Bank of Xi'an Co's average Book Value Per Share Growth Rate was 21.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bank of Xi'an Co was 56.70% per year. The lowest was 6.50% per year. And the median was 16.05% per year.
Back to Basics: PB Ratio
Bank of Xi'an Co (SHSE:600928) 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.
Bank of Xi'an Co PB Ratio Related Terms
Bank of Xi'an Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Bank of Xi'an Co'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 Banks - Regional subindustry, Bank of Xi'an 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.
Bank of Xi'an Co PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Bank of Xi'an Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Bank of Xi'an 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.
Bank of Xi'an Co (SHSE:600928) has a PB Ratio of 0.39 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bank of Xi'an Co and its competitors. This is 29% below median its historical median of 0.55. Over the past decade, Bank of Xi'an Co's PB Ratio has ranged from 0.36 to 2.44. According to the industry distribution chart, Bank of Xi'an Co ranks #97 out of 1511 companies in the Banks industry, placing it in the top 6.4%.
Is Bank of Xi'an Co's PB Ratio too high?
Bank of Xi'an Co's current PB Ratio of 0.39 is 29% below median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.44. The Banks industry median PB Ratio is 1.11. Bank of Xi'an Co's value of 0.39 is 64.9% below this industry median. Based on the distribution chart, Bank of Xi'an Co ranks #97 out of 1511 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Bank of Xi'an Co has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Xi'an Co's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Bank of Xi'an Co ranks #97 out of 1511 companies for PB Ratio. This places Bank of Xi'an Co in the top 6% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.11. Bank of Xi'an Co's value of 0.39 is 64.9% below this benchmark. Historically, Bank of Xi'an Co's own PB Ratio has ranged from 0.36 to 2.44 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.11, Bank of Xi'an 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 Banks company?
The median PB Ratio among Banks companies is 1.11, based on 1,511 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. Bank of Xi'an Co's current PB Ratio of 0.39 is 64.9% 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 Bank of Xi'an Co and its competitors. For the Banks industry, the median PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank of Xi'an Co's current PB Ratio is 0.39, which is 29% below median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Xi'an Co stock overvalued right now?
Based on GuruFocus' analysis, Bank of Xi'an Co (SHSE:600928) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥5.42, compared to a current price of ¥3.57 — trading 34.1% below its estimated fair value. The current PB Ratio is 0.39, which is 29% below median its 10-year median of 0.55 and 64.9% below the Banks industry median of 1.11. Bank of Xi'an Co's overall GF Score™ is 70/100 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 Bank of Xi'an Co (SHSE:600928), the current PB Ratio is 0.39 as of Jul. 23, 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 Bank of Xi'an Co (SHSE:600928) Overvalued in 2026?
Based on GuruFocus' analysis, Bank of Xi'an Co stock appears to be undervalued.
The current stock price of ¥3.57 is trading 34.1% below its estimated GF Value™ of ¥5.42.
GuruFocus considers Bank of Xi'an Co to be Significantly Undervalued.
Key valuation signals for SHSE:600928:
PB Ratio: 0.39 (29% below median its 10-year median of 0.55)
GF Value™: ¥5.42 vs. price of ¥3.57 (34.1% below fair value)
Industry Position: 64.9% below the Banks median (#97 of 1511)
No single metric tells the full story. See the SHSE:600928 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank of Xi'an Co Ltd is a regional joint-stock commercial bank with equity-based and market-oriented characteristics, which is invested by the state-owned platform companies, large foreign-funded banks and large domestic enterprises.
70GF Score
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