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SHSE:603119's PB Ratio is ranked worse than 92.39% of 2417
companies
in the Hardware industry
Industry Median: 2.3
vs SHSE:603119: 12.22
During the past 12 months, Zhejiang Rongtai Electric Material Co's average Book Value Per Share Growth Rate was 11.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 42.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 48.60% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Zhejiang Rongtai Electric Material Co was 73.40% per year. The lowest was 38.50% per year. And the median was 46.65% 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 Rongtai Electric Material Co PB Ratio Related Terms
Zhejiang Rongtai Electric Material 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 Rongtai Electric Material Co PB Ratio Chart
For the Electronic Components subindustry, Zhejiang Rongtai Electric Material 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.
Zhejiang Rongtai Electric Material Co PB Ratio vs Hardware Industry
Zhejiang Rongtai Electric Material 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 Rongtai Electric Material Co (SHSE:603119) has a PB Ratio of 12.22 as of Aug. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Zhejiang Rongtai Electric Material Co and its competitors. This is 63% above median its historical median of 7.51. Over the past decade, Zhejiang Rongtai Electric Material Co's PB Ratio has ranged from 2.83 to 21.79. According to the industry distribution chart, Zhejiang Rongtai Electric Material Co ranks #2233 out of 2417 companies in the Hardware industry, placing it in the top 92.4%.
Is Zhejiang Rongtai Electric Material Co's PB Ratio too high?
Zhejiang Rongtai Electric Material Co's current PB Ratio of 12.22 is 63% above median its 10-year median of 7.51. Over the past 10 years, this metric has ranged from a low of 2.83 to a high of 21.79. The Hardware industry median PB Ratio is 2.30. Zhejiang Rongtai Electric Material Co's value of 12.22 is 431.3% above this industry median. Based on the distribution chart, Zhejiang Rongtai Electric Material Co ranks #2233 out of 2417 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Rongtai Electric Material Co has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Rongtai Electric Material Co's PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Zhejiang Rongtai Electric Material Co ranks #2233 out of 2417 companies for PB Ratio. This places Zhejiang Rongtai Electric Material Co in the lower half of its industry. The industry median PB Ratio is 2.30. Zhejiang Rongtai Electric Material Co's value of 12.22 is 431.3% above this benchmark. Historically, Zhejiang Rongtai Electric Material Co's own PB Ratio has ranged from 2.83 to 21.79 over the past decade. While the company's 10-year median is 7.51 vs. the industry median of 2.30, Zhejiang Rongtai Electric Material 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 Hardware company?
The median PB Ratio among Hardware companies is 2.30, based on 2,417 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 Rongtai Electric Material Co's current PB Ratio of 12.22 is 431.3% 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 Zhejiang Rongtai Electric Material Co and its competitors. For the Hardware industry, the median PB Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Rongtai Electric Material Co's current PB Ratio is 12.22, which is 63% above median its own 10-year median of 7.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Rongtai Electric Material Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co (SHSE:603119) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥30.26, compared to a current price of ¥54.49 — trading 80.1% above its estimated fair value. The current PB Ratio is 12.22, which is 63% above median its 10-year median of 7.51 and 431.3% above the Hardware industry median of 2.30. Zhejiang Rongtai Electric Material Co's overall GF Score™ is 88/100 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 Zhejiang Rongtai Electric Material Co (SHSE:603119), the current PB Ratio is 12.22 as of Aug. 08, 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 Rongtai Electric Material Co (SHSE:603119) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Rongtai Electric Material Co stock appears to be overvalued.
The current stock price of ¥54.49 is trading 80.1% above its estimated GF Value™ of ¥30.26.
GuruFocus considers Zhejiang Rongtai Electric Material Co to be Significantly Overvalued.
Key valuation signals for SHSE:603119:
PB Ratio: 12.22 (63% above median its 10-year median of 7.51)
GF Value™: ¥30.26 vs. price of ¥54.49 (80.1% above fair value)
Industry Position: 431.3% above the Hardware median (#2233 of 2417)
No single metric tells the full story. See the SHSE:603119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.
88GF Score
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