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Ningbo Construction CoSHSE:601789 -4.30%57 PB Ratio is 0.97 as of Jul. 24, 2026, which is 21% below its 10-year median of 1.23. GuruFocus rates SHSE:601789 with a GF Score™ of 57/100 and a GF Value™ of ¥4.50 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,722 Construction companies, Ningbo Construction Co ranks better than 62.14% on this metric.
Ningbo Construction Co Ltd stock PB Ratio (=0.96) is close to 1-year low of 0.96.
The historical rank and industry rank for Ningbo Construction Co's PB Ratio or its related term are showing as below:
SHSE:601789'
s PB Ratio Range Over the Past 10 Years
Min: 0.76 Med: 1.23 Max: 3.18
Current: 0.97
During the past 13 years, Ningbo Construction Co's highest PB Ratio was 3.18. The lowest was 0.76. And the median was 1.23.
SHSE:601789's PB Ratio is ranked better than 62.14% of 1722
companies
in the Construction industry
Industry Median: 1.32
vs SHSE:601789: 0.97
During the past 12 months, Ningbo Construction Co's average Book Value Per Share Growth Rate was -11.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ningbo Construction Co was 33.40% per year. The lowest was -3.20% per year. And the median was 8.10% per year.
Back to Basics: PB Ratio
Ningbo Construction Co (SHSE:601789) 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.
* 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 Engineering & Construction subindustry, Ningbo Construction 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.
Ningbo Construction Co PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Ningbo Construction Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ningbo Construction 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.
Ningbo Construction Co (SHSE:601789) has a PB Ratio of 0.97 as of Jul. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ningbo Construction Co and its competitors. This is 21% below median its historical median of 1.23. Over the past decade, Ningbo Construction Co's PB Ratio has ranged from 0.76 to 3.18. According to the industry distribution chart, Ningbo Construction Co ranks #652 out of 1722 companies in the Construction industry, placing it in the top 37.9%.
Is Ningbo Construction Co's PB Ratio too high?
Ningbo Construction Co's current PB Ratio of 0.97 is 21% below median its 10-year median of 1.23. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 3.18. The Construction industry median PB Ratio is 1.32. Ningbo Construction Co's value of 0.97 is 26.5% below this industry median. Based on the distribution chart, Ningbo Construction Co ranks #652 out of 1722 companies in the Construction industry, which is above the industry midpoint. Overall, Ningbo Construction Co has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Construction Co's PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Ningbo Construction Co ranks #652 out of 1722 companies for PB Ratio. This puts Ningbo Construction Co in the upper half of its industry. The industry median PB Ratio is 1.32. Ningbo Construction Co's value of 0.97 is 26.5% below this benchmark. Historically, Ningbo Construction Co's own PB Ratio has ranged from 0.76 to 3.18 over the past decade. While the company's 10-year median is 1.23 vs. the industry median of 1.32, Ningbo Construction 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 Construction company?
The median PB Ratio among Construction companies is 1.32, based on 1,722 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. Ningbo Construction Co's current PB Ratio of 0.97 is 26.5% 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 Ningbo Construction Co and its competitors. For the Construction industry, the median PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Construction Co's current PB Ratio is 0.97, which is 21% below median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Construction Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Construction Co (SHSE:601789) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥4.50, compared to a current price of ¥4.01 — trading 10.9% below its estimated fair value. The current PB Ratio is 0.97, which is 21% below median its 10-year median of 1.23 and 26.5% below the Construction industry median of 1.32. Ningbo Construction Co's overall GF Score™ is 57/100 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 Ningbo Construction Co (SHSE:601789), the current PB Ratio is 0.97 as of Jul. 24, 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 Ningbo Construction Co (SHSE:601789) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Construction Co stock appears to be undervalued.
The current stock price of ¥4.01 is trading 10.9% below its estimated GF Value™ of ¥4.50.
GuruFocus considers Ningbo Construction Co to be Modestly Undervalued.
Key valuation signals for SHSE:601789:
PB Ratio: 0.97 (21% below median its 10-year median of 1.23)
GF Value™: ¥4.50 vs. price of ¥4.01 (10.9% below fair value)
Industry Position: 26.5% below the Construction median (#652 of 1722)
No single metric tells the full story. See the SHSE:601789 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Construction Co Ltd is a China-based construction company. It is engaged in the housing construction and general construction business. In addition, the company is also involved in the operation of civil engineering, engineering design, municipal garden, equipment installation and equipment leasing. Its business scope covers engineering survey, architectural design, housing construction and municipal general contracting, rail transit, mechanical and electrical equipment installation, decoration and decoration, steel structure, commercial concrete and prefabricated components. The business segments of the company are the Survey and design section, General contracting sector, and Industrial building sector.
57GF Score
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