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Ningbo Techmation CoSHSE:603015 +0.09%73 PB Ratio is 3.10 as of Aug. 07, 2026, which is 27% above its 10-year median of 2.44. GuruFocus rates SHSE:603015 with a GF Score™ of 73/100 and a GF Value™ of ¥12.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,976 Industrial Products companies, Ningbo Techmation Co ranks worse than 64.21% on this metric.
Ningbo Techmation Co Ltd stock PB Ratio (=2.62) is close to 1-year low of 2.62.
The historical rank and industry rank for Ningbo Techmation Co's PB Ratio or its related term are showing as below:
SHSE:603015'
s PB Ratio Range Over the Past 10 Years
Min: 1.63 Med: 2.44 Max: 5.16
Current: 3.1
During the past 13 years, Ningbo Techmation Co's highest PB Ratio was 5.16. The lowest was 1.63. And the median was 2.44.
SHSE:603015's PB Ratio is ranked worse than 64.21% of 2976
companies
in the Industrial Products industry
Industry Median: 2.19
vs SHSE:603015: 3.10
During the past 12 months, Ningbo Techmation Co's average Book Value Per Share Growth Rate was 1.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ningbo Techmation Co was 29.90% per year. The lowest was 1.00% per year. And the median was 3.20% 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.
Ningbo Techmation Co PB Ratio Related Terms
Ningbo Techmation Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Ningbo Techmation 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 Specialty Industrial Machinery subindustry, Ningbo Techmation 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 Techmation Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Techmation Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ningbo Techmation 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 Techmation Co (SHSE:603015) has a PB Ratio of 3.10 as of Aug. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ningbo Techmation Co and its competitors. This is 27% above median its historical median of 2.44. Over the past decade, Ningbo Techmation Co's PB Ratio has ranged from 1.63 to 5.16. According to the industry distribution chart, Ningbo Techmation Co ranks #1911 out of 2976 companies in the Industrial Products industry, placing it in the top 64.2%.
Is Ningbo Techmation Co's PB Ratio too high?
Ningbo Techmation Co's current PB Ratio of 3.10 is 27% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 5.16. The Industrial Products industry median PB Ratio is 2.19. Ningbo Techmation Co's value of 3.10 is 41.6% above this industry median. Based on the distribution chart, Ningbo Techmation Co ranks #1911 out of 2976 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Ningbo Techmation Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Techmation Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ningbo Techmation Co ranks #1911 out of 2976 companies for PB Ratio. This places Ningbo Techmation Co in the lower half of its industry. The industry median PB Ratio is 2.19. Ningbo Techmation Co's value of 3.10 is 41.6% above this benchmark. Historically, Ningbo Techmation Co's own PB Ratio has ranged from 1.63 to 5.16 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 2.19, Ningbo Techmation 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 Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.19, based on 2,976 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 Techmation Co's current PB Ratio of 3.10 is 41.6% 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 Ningbo Techmation Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Techmation Co's current PB Ratio is 3.10, which is 27% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Techmation Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Techmation Co (SHSE:603015) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥12.03, compared to a current price of ¥10.68 — trading 11.2% below its estimated fair value. The current PB Ratio is 3.10, which is 27% above median its 10-year median of 2.44 and 41.6% above the Industrial Products industry median of 2.19. Ningbo Techmation Co's overall GF Score™ is 73/100 with 3 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 Techmation Co (SHSE:603015), the current PB Ratio is 3.10 as of Aug. 07, 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 Techmation Co (SHSE:603015) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Techmation Co stock appears to be undervalued.
The current stock price of ¥10.68 is trading 11.2% below its estimated GF Value™ of ¥12.03.
GuruFocus considers Ningbo Techmation Co to be Modestly Undervalued.
Key valuation signals for SHSE:603015:
PB Ratio: 3.10 (27% above median its 10-year median of 2.44)
GF Value™: ¥12.03 vs. price of ¥10.68 (11.2% below fair value)
Industry Position: 41.6% above the Industrial Products median (#1911 of 2976)
No single metric tells the full story. See the SHSE:603015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Techmation Co Ltd supplies automation system integration in the plastics processing industry. It provides high-quality automation system solutions for medium and high-end plastic machinery manufacturers. Its products include iNet, a plastic machinery control system, an energy-saving servo system, and other automated products and system solutions.
73GF Score
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