Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
China Tourism Group Duty Free Corp Ltd stock PB Ratio (=2) is close to 10-year low of 1.89.
The historical rank and industry rank for China Tourism Group Duty Free's PB Ratio or its related term are showing as below:
SHSE:601888'
s PB Ratio Range Over the Past 10 Years
Min: 1.89 Med: 6.86 Max: 33.94
Current: 1.94
During the past 13 years, China Tourism Group Duty Free's highest PB Ratio was 33.94. The lowest was 1.89. And the median was 6.86.
SHSE:601888's PB Ratio is ranked worse than 60.93% of 1080
companies
in the Retail - Cyclical industry
Industry Median: 1.495
vs SHSE:601888: 1.94
During the past 12 months, China Tourism Group Duty Free's average Book Value Per Share Growth Rate was 1.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 18.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 19.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Tourism Group Duty Free was 57.80% per year. The lowest was 4.50% per year. And the median was 20.60% per year.
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 Tourism Group Duty Free PB Ratio Related Terms
China Tourism Group Duty Free 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:601888 vs CASY, WSM, ULTA: PB Ratio Comparison
For the Specialty Retail subindustry, China Tourism Group Duty Free'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 Tourism Group Duty Free PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's PB Ratio distribution charts can be found below:
* The bar in red indicates where China Tourism Group Duty Free's PB Ratio falls into.
China Tourism Group Duty Free 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 Tourism Group Duty Free (SHSE:601888) has a PB Ratio of 1.94 as of Aug. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on China Tourism Group Duty Free and its competitors. This is 72% below median its historical median of 6.86. Over the past decade, China Tourism Group Duty Free's PB Ratio has ranged from 1.89 to 33.94. According to the industry distribution chart, China Tourism Group Duty Free ranks #658 out of 1080 companies in the Retail - Cyclical industry, placing it in the top 60.9%.
Is China Tourism Group Duty Free's PB Ratio too high?
China Tourism Group Duty Free's current PB Ratio of 1.94 is 72% below median its 10-year median of 6.86. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 33.94. The Retail - Cyclical industry median PB Ratio is 1.50. China Tourism Group Duty Free's value of 1.94 is 29.8% above this industry median. Based on the distribution chart, China Tourism Group Duty Free ranks #658 out of 1080 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's PB Ratio compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, China Tourism Group Duty Free ranks #658 out of 1080 companies for PB Ratio. This places China Tourism Group Duty Free in the lower half of its industry. The industry median PB Ratio is 1.50. China Tourism Group Duty Free's value of 1.94 is 29.8% above this benchmark. Historically, China Tourism Group Duty Free's own PB Ratio has ranged from 1.89 to 33.94 over the past decade. While the company's 10-year median is 6.86 vs. the industry median of 1.50, China Tourism Group Duty Free 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 Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.50, based on 1,080 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 Tourism Group Duty Free's current PB Ratio of 1.94 is 29.8% 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 Tourism Group Duty Free and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tourism Group Duty Free's current PB Ratio is 1.94, which is 72% below median its own 10-year median of 6.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
Based on GuruFocus' analysis, China Tourism Group Duty Free (SHSE:601888) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥68.42, compared to a current price of ¥54.06 — trading 21% below its estimated fair value. The current PB Ratio is 1.94, which is 72% below median its 10-year median of 6.86 and 29.8% above the Retail - Cyclical industry median of 1.50. China Tourism Group Duty Free's overall GF Score™ is 81/100 with 5 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 Tourism Group Duty Free (SHSE:601888), the current PB Ratio is 1.94 as of Aug. 15, 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 Tourism Group Duty Free (SHSE:601888) Overvalued in 2026?
Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued.
The current stock price of ¥54.06 is trading 21% below its estimated GF Value™ of ¥68.42.
GuruFocus considers China Tourism Group Duty Free to be Modestly Undervalued.
Key valuation signals for SHSE:601888:
PB Ratio: 1.94 (72% below median its 10-year median of 6.86)
GF Value™: ¥68.42 vs. price of ¥54.06 (21% below fair value)
Industry Position: 29.8% above the Retail - Cyclical median (#658 of 1080)
No single metric tells the full story. See the SHSE:601888 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score
Get the complete analysis for SHSE:601888
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:601888 has been successfully added to your 
