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SHSE:601872's PB Ratio is ranked worse than 77.73% of 925
companies
in the Oil & Gas industry
Industry Median: 1.46
vs SHSE:601872: 2.81
During the past 12 months, China Merchants Energy Shipping Co's average Book Value Per Share Growth Rate was 10.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Merchants Energy Shipping Co was 18.50% per year. The lowest was -9.70% per year. And the median was 6.70% per year.
Back to Basics: PB Ratio
China Merchants Energy Shipping Co (SHSE:601872) 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.
China Merchants Energy Shipping Co PB Ratio Related Terms
China Merchants Energy Shipping 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.
For the Oil & Gas Midstream subindustry, China Merchants Energy Shipping 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.
China Merchants Energy Shipping Co PB Ratio vs Oil & Gas Industry
China Merchants Energy Shipping 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.
China Merchants Energy Shipping Co (SHSE:601872) has a PB Ratio of 2.81 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on China Merchants Energy Shipping Co and its competitors. This is 90% above median its historical median of 1.48. Over the past decade, China Merchants Energy Shipping Co's PB Ratio has ranged from 1.12 to 3.65. According to the industry distribution chart, China Merchants Energy Shipping Co ranks #719 out of 925 companies in the Oil & Gas industry, placing it in the top 77.7%.
Is China Merchants Energy Shipping Co's PB Ratio too high?
China Merchants Energy Shipping Co's current PB Ratio of 2.81 is 90% above median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 3.65. The Oil & Gas industry median PB Ratio is 1.46. China Merchants Energy Shipping Co's value of 2.81 is 92.5% above this industry median. Based on the distribution chart, China Merchants Energy Shipping Co ranks #719 out of 925 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, China Merchants Energy Shipping Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Merchants Energy Shipping Co's PB Ratio compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, China Merchants Energy Shipping Co ranks #719 out of 925 companies for PB Ratio. This places China Merchants Energy Shipping Co in the lower half of its industry. The industry median PB Ratio is 1.46. China Merchants Energy Shipping Co's value of 2.81 is 92.5% above this benchmark. Historically, China Merchants Energy Shipping Co's own PB Ratio has ranged from 1.12 to 3.65 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.46, China Merchants Energy Shipping 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 an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.46, based on 925 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. China Merchants Energy Shipping Co's current PB Ratio of 2.81 is 92.5% 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 China Merchants Energy Shipping Co and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Energy Shipping Co's current PB Ratio is 2.81, which is 90% above median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Merchants Energy Shipping Co stock overvalued right now?
Based on GuruFocus' analysis, China Merchants Energy Shipping Co (SHSE:601872) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥8.60, compared to a current price of ¥15.70 — trading 82.6% above its estimated fair value. The current PB Ratio is 2.81, which is 90% above median its 10-year median of 1.48 and 92.5% above the Oil & Gas industry median of 1.46. China Merchants Energy Shipping Co's overall GF Score™ is 63/100 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 China Merchants Energy Shipping Co (SHSE:601872), the current PB Ratio is 2.81 as of Jul. 25, 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 China Merchants Energy Shipping Co (SHSE:601872) Overvalued in 2026?
Based on GuruFocus' analysis, China Merchants Energy Shipping Co stock appears to be overvalued.
The current stock price of ¥15.70 is trading 82.6% above its estimated GF Value™ of ¥8.60.
GuruFocus considers China Merchants Energy Shipping Co to be Significantly Overvalued.
Key valuation signals for SHSE:601872:
PB Ratio: 2.81 (90% above median its 10-year median of 1.48)
GF Value™: ¥8.60 vs. price of ¥15.70 (82.6% above fair value)
Industry Position: 92.5% above the Oil & Gas median (#719 of 925)
No single metric tells the full story. See the SHSE:601872 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Merchants Energy Shipping Co Business Description
China Merchants Energy Shipping Co Ltd is a China-based company that engages in tanker transportation, bulk cargo vessel transportation, and liquid natural gas (LNG) vessel transportation. It provides a full range of energy transportation services running a large diversity of vessels, including crude oil tankers, dry bulk carriers, and LNG carriers. It provides services to customers from China, Japan, Korea, Southeast Asia, the United States, and other countries.
63GF Score
Get the complete analysis for SHSE:601872
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