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SHSE:603105's PB Ratio is ranked better than 73.47% of 999
companies
in the Semiconductors industry
Industry Median: 2.99
vs SHSE:603105: 1.61
During the past 12 months, Zhejiang Xinneng Photovoltaic Technology Co's average Book Value Per Share Growth Rate was 2.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Zhejiang Xinneng Photovoltaic Technology Co was 10.80% per year. The lowest was -6.40% 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.
Zhejiang Xinneng Photovoltaic Technology Co PB Ratio Related Terms
Zhejiang Xinneng Photovoltaic Technology 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.
Zhejiang Xinneng Photovoltaic Technology Co PB Ratio Chart
Zhejiang Xinneng Photovoltaic Technology Co Annual Data
* 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.
Zhejiang Xinneng Photovoltaic Technology Co PB Ratio vs Semiconductors Industry
Zhejiang Xinneng Photovoltaic Technology 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.
Zhejiang Xinneng Photovoltaic Technology Co (SHSE:603105) has a PB Ratio of 1.61 as of Aug. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Zhejiang Xinneng Photovoltaic Technology Co and its competitors. This is 45% below median its historical median of 2.93. Over the past decade, Zhejiang Xinneng Photovoltaic Technology Co's PB Ratio has ranged from 1.47 to 10.87. According to the industry distribution chart, Zhejiang Xinneng Photovoltaic Technology Co ranks #265 out of 999 companies in the Semiconductors industry, placing it in the top 26.5%.
Is Zhejiang Xinneng Photovoltaic Technology Co's PB Ratio too high?
Zhejiang Xinneng Photovoltaic Technology Co's current PB Ratio of 1.61 is 45% below median its 10-year median of 2.93. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 10.87. The Semiconductors industry median PB Ratio is 2.99. Zhejiang Xinneng Photovoltaic Technology Co's value of 1.61 is 46.2% below this industry median. Based on the distribution chart, Zhejiang Xinneng Photovoltaic Technology Co ranks #265 out of 999 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Zhejiang Xinneng Photovoltaic Technology 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 Zhejiang Xinneng Photovoltaic Technology Co's PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Zhejiang Xinneng Photovoltaic Technology Co ranks #265 out of 999 companies for PB Ratio. This puts Zhejiang Xinneng Photovoltaic Technology Co in the upper half of its industry. The industry median PB Ratio is 2.99. Zhejiang Xinneng Photovoltaic Technology Co's value of 1.61 is 46.2% below this benchmark. Historically, Zhejiang Xinneng Photovoltaic Technology Co's own PB Ratio has ranged from 1.47 to 10.87 over the past decade. While the company's 10-year median is 2.93 vs. the industry median of 2.99, Zhejiang Xinneng Photovoltaic Technology 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 2.99, based on 999 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. Zhejiang Xinneng Photovoltaic Technology Co's current PB Ratio of 1.61 is 46.2% 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 Zhejiang Xinneng Photovoltaic Technology Co and its competitors. For the Semiconductors industry, the median PB Ratio is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Xinneng Photovoltaic Technology Co's current PB Ratio is 1.61, which is 45% below median its own 10-year median of 2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Xinneng Photovoltaic Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Xinneng Photovoltaic Technology Co (SHSE:603105) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥9.92, compared to a current price of ¥7.33 — trading 26.1% below its estimated fair value. The current PB Ratio is 1.61, which is 45% below median its 10-year median of 2.93 and 46.2% below the Semiconductors industry median of 2.99. Zhejiang Xinneng Photovoltaic Technology Co's overall GF Score™ is 73/100 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 Zhejiang Xinneng Photovoltaic Technology Co (SHSE:603105), the current PB Ratio is 1.61 as of Aug. 02, 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 Zhejiang Xinneng Photovoltaic Technology Co (SHSE:603105) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Xinneng Photovoltaic Technology Co stock appears to be undervalued.
The current stock price of ¥7.33 is trading 26.1% below its estimated GF Value™ of ¥9.92.
GuruFocus considers Zhejiang Xinneng Photovoltaic Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:603105:
PB Ratio: 1.61 (45% below median its 10-year median of 2.93)
GF Value™: ¥9.92 vs. price of ¥7.33 (26.1% below fair value)
Industry Position: 46.2% below the Semiconductors median (#265 of 999)
No single metric tells the full story. See the SHSE:603105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Xinneng Photovoltaic Technology Co Ltd along with its subsidiaries develops, manufactures and distributes photovoltaic products and solutions. The company's products and services are distributed power stations, manufacturing, research and development and innovation, commercial distribution, household distributed, and others. Geographically, it operates in the People's Republic of China.
73GF Score
Get the complete analysis for SHSE:603105
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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