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Industrial Bank CoSHSE:601166 -0.11%51 PB Ratio is 0.40 as of Jul. 14, 2026, which is 40% below its 10-year median of 0.67. GuruFocus rates SHSE:601166 with a GF Score™ of 51/100 and a GF Value™ of ¥18.44 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,520 Banks companies, Industrial Bank Co ranks better than 92.43% on this metric.
Industrial Bank Co Ltd stock PB Ratio (=0.4) is close to 10-year low of 0.39.
The historical rank and industry rank for Industrial Bank Co's PB Ratio or its related term are showing as below:
SHSE:601166'
s PB Ratio Range Over the Past 10 Years
Min: 0.39 Med: 0.67 Max: 1.03
Current: 0.4
During the past 13 years, Industrial Bank Co's highest PB Ratio was 1.03. The lowest was 0.39. And the median was 0.67.
SHSE:601166's PB Ratio is ranked better than 92.43% of 1520
companies
in the Banks industry
Industry Median: 1.11
vs SHSE:601166: 0.40
During the past 12 months, Industrial Bank Co's average Book Value Per Share Growth Rate was 5.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Industrial Bank Co was 45.70% per year. The lowest was 8.60% per year. And the median was 15.50% per year.
Back to Basics: PB Ratio
Industrial Bank Co (SHSE:601166) 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.
Industrial Bank Co PB Ratio Related Terms
Industrial Bank Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Industrial Bank 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, Industrial Bank 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.
Industrial Bank Co PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Industrial Bank Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Industrial Bank 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.
Industrial Bank Co (SHSE:601166) has a PB Ratio of 0.40 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 Industrial Bank Co and its competitors. This is 40% below median its historical median of 0.67. Over the past decade, Industrial Bank Co's PB Ratio has ranged from 0.39 to 1.03. According to the industry distribution chart, Industrial Bank Co ranks #115 out of 1520 companies in the Banks industry, placing it in the top 7.6%.
Is Industrial Bank Co's PB Ratio too high?
Industrial Bank Co's current PB Ratio of 0.40 is 40% below median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.03. The Banks industry median PB Ratio is 1.11. Industrial Bank Co's value of 0.40 is 64% below this industry median. Based on the distribution chart, Industrial Bank Co ranks #115 out of 1520 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Industrial Bank Co has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Industrial Bank Co's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Industrial Bank Co ranks #115 out of 1520 companies for PB Ratio. This places Industrial Bank Co in the top 8% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.11. Industrial Bank Co's value of 0.40 is 64% below this benchmark. Historically, Industrial Bank Co's own PB Ratio has ranged from 0.39 to 1.03 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 1.11, Industrial Bank 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 1,520 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. Industrial Bank Co's current PB Ratio of 0.40 is 64% 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 Industrial Bank 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. Industrial Bank Co's current PB Ratio is 0.40, which is 40% below median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Bank Co stock overvalued right now?
Based on GuruFocus' analysis, Industrial Bank Co (SHSE:601166) is currently considered Fairly Valued. The stock's GF Value™ is ¥18.44, compared to a current price of ¥17.45 — trading 5.4% below its estimated fair value. The current PB Ratio is 0.40, which is 40% below median its 10-year median of 0.67 and 64% below the Banks industry median of 1.11. Industrial Bank Co's overall GF Score™ is 51/100 with 2 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 Industrial Bank Co (SHSE:601166), the current PB Ratio is 0.40 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 Industrial Bank Co (SHSE:601166) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial Bank Co stock appears to be undervalued.
The current stock price of ¥17.45 is trading 5.4% below its estimated GF Value™ of ¥18.44.
GuruFocus considers Industrial Bank Co to be Fairly Valued.
Key valuation signals for SHSE:601166:
PB Ratio: 0.40 (40% below median its 10-year median of 0.67)
GF Value™: ¥18.44 vs. price of ¥17.45 (5.4% below fair value)
Industry Position: 64% below the Banks median (#115 of 1520)
No single metric tells the full story. See the SHSE:601166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial Bank was founded in 1988 and started as a regional bank in Fujian province. It has grown to become the second-largest joint-stock bank in China with more than CNY 11 trillion in assets as of December 2025. The bank offers a full range of commercial banking services with a specialty in bank-bank cooperation. It also operates a proprietary "Yinyin platform" that offers complete financial service solutions to other financial institutions, such as payments and settlements, wealth management, and technology output services.
51GF Score
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