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Harbin VITI Electronic CoSHSE:603023 -0.75%50 PB Ratio is 2.91 as of Aug. 20, 2026, which is 8% below its 10-year median of 3.16. GuruFocus rates SHSE:603023 with a GF Score™ of 50/100 and a GF Value™ of ¥8.13 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,296 Vehicles & Parts companies, Harbin VITI Electronic Co ranks worse than 76.47% on this metric.
The historical rank and industry rank for Harbin VITI Electronic Co's PB Ratio or its related term are showing as below:
SHSE:603023'
s PB Ratio Range Over the Past 10 Years
Min: 1.19 Med: 3.16 Max: 13.76
Current: 2.91
During the past 13 years, Harbin VITI Electronic Co's highest PB Ratio was 13.76. The lowest was 1.19. And the median was 3.16.
SHSE:603023's PB Ratio is ranked worse than 76.47% of 1296
companies
in the Vehicles & Parts industry
Industry Median: 1.41
vs SHSE:603023: 2.91
During the past 12 months, Harbin VITI Electronic Co's average Book Value Per Share Growth Rate was -0.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Harbin VITI Electronic Co was 51.90% per year. The lowest was -11.20% per year. And the median was 8.00% 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.
Harbin VITI Electronic Co PB Ratio Related Terms
Harbin VITI Electronic 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 Auto Parts subindustry, Harbin VITI Electronic 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.
Harbin VITI Electronic Co PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Harbin VITI Electronic Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Harbin VITI Electronic 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.
Harbin VITI Electronic Co (SHSE:603023) has a PB Ratio of 2.91 as of Aug. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harbin VITI Electronic Co and its competitors. This is near median its historical median of 3.16. Over the past decade, Harbin VITI Electronic Co's PB Ratio has ranged from 1.19 to 13.76. According to the industry distribution chart, Harbin VITI Electronic Co ranks #991 out of 1296 companies in the Vehicles & Parts industry, placing it in the top 76.5%.
Is Harbin VITI Electronic Co's PB Ratio too high?
Harbin VITI Electronic Co's current PB Ratio of 2.91 is near median its 10-year median of 3.16. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 13.76. The Vehicles & Parts industry median PB Ratio is 1.41. Harbin VITI Electronic Co's value of 2.91 is 106.4% above this industry median. Based on the distribution chart, Harbin VITI Electronic Co ranks #991 out of 1296 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Harbin VITI Electronic Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Harbin VITI Electronic Co's PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Harbin VITI Electronic Co ranks #991 out of 1296 companies for PB Ratio. This places Harbin VITI Electronic Co in the lower half of its industry. The industry median PB Ratio is 1.41. Harbin VITI Electronic Co's value of 2.91 is 106.4% above this benchmark. Historically, Harbin VITI Electronic Co's own PB Ratio has ranged from 1.19 to 13.76 over the past decade. While the company's 10-year median is 3.16 vs. the industry median of 1.41, Harbin VITI Electronic 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 a Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.41, based on 1,296 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. Harbin VITI Electronic Co's current PB Ratio of 2.91 is 106.4% 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 Harbin VITI Electronic Co and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbin VITI Electronic Co's current PB Ratio is 2.91, which is near median its own 10-year median of 3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin VITI Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin VITI Electronic Co (SHSE:603023) is currently considered Possible Value Trap. The stock's GF Value™ is ¥8.13, compared to a current price of ¥3.99 — trading 50.9% below its estimated fair value. The current PB Ratio is 2.91, which is near median its 10-year median of 3.16 and 106.4% above the Vehicles & Parts industry median of 1.41. Harbin VITI Electronic Co's overall GF Score™ is 50/100 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 Harbin VITI Electronic Co (SHSE:603023), the current PB Ratio is 2.91 as of Aug. 20, 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 Harbin VITI Electronic Co (SHSE:603023) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin VITI Electronic Co stock appears to be undervalued.
The current stock price of ¥3.99 is trading 50.9% below its estimated GF Value™ of ¥8.13.
GuruFocus considers Harbin VITI Electronic Co to be Possible Value Trap.
Key valuation signals for SHSE:603023:
PB Ratio: 2.91 (near median its 10-year median of 3.16)
GF Value™: ¥8.13 vs. price of ¥3.99 (50.9% below fair value)
Industry Position: 106.4% above the Vehicles & Parts median (#991 of 1296)
No single metric tells the full story. See the SHSE:603023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.
50GF Score
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