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Zhejiang Dingli Machinery CoSHSE:603338 -1.63%99 PB Ratio is 2.48 as of Aug. 03, 2026, which is 54% below its 10-year median of 5.38. GuruFocus rates SHSE:603338 with a GF Score™ of 99/100 and a GF Value™ of ¥72.38 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 203 Farm & Heavy Construction Machinery companies, Zhejiang Dingli Machinery Co ranks worse than 76.85% on this metric.
The historical rank and industry rank for Zhejiang Dingli Machinery Co's PB Ratio or its related term are showing as below:
SHSE:603338'
s PB Ratio Range Over the Past 10 Years
Min: 1.86 Med: 5.38 Max: 17.64
Current: 2.48
During the past 13 years, Zhejiang Dingli Machinery Co's highest PB Ratio was 17.64. The lowest was 1.86. And the median was 5.38.
SHSE:603338's PB Ratio is ranked worse than 76.85% of 203
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.51
vs SHSE:603338: 2.48
During the past 12 months, Zhejiang Dingli Machinery Co's average Book Value Per Share Growth Rate was 13.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 22.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 27.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Zhejiang Dingli Machinery Co was 77.10% per year. The lowest was 17.20% per year. And the median was 31.95% 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 Dingli Machinery Co PB Ratio Related Terms
Zhejiang Dingli Machinery 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 Farm & Heavy Construction Machinery subindustry, Zhejiang Dingli Machinery 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 Dingli Machinery Co PB Ratio vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Zhejiang Dingli Machinery Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Zhejiang Dingli Machinery 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.
Zhejiang Dingli Machinery Co (SHSE:603338) has a PB Ratio of 2.48 as of Aug. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Zhejiang Dingli Machinery Co and its competitors. This is 54% below median its historical median of 5.38. Over the past decade, Zhejiang Dingli Machinery Co's PB Ratio has ranged from 1.86 to 17.64. According to the industry distribution chart, Zhejiang Dingli Machinery Co ranks #156 out of 203 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 76.8%.
Is Zhejiang Dingli Machinery Co's PB Ratio too high?
Zhejiang Dingli Machinery Co's current PB Ratio of 2.48 is 54% below median its 10-year median of 5.38. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 17.64. The Farm & Heavy Construction Machinery industry median PB Ratio is 1.51. Zhejiang Dingli Machinery Co's value of 2.48 is 64.2% above this industry median. Based on the distribution chart, Zhejiang Dingli Machinery Co ranks #156 out of 203 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Dingli Machinery Co has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Dingli Machinery Co's PB Ratio compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Zhejiang Dingli Machinery Co ranks #156 out of 203 companies for PB Ratio. This places Zhejiang Dingli Machinery Co in the lower half of its industry. The industry median PB Ratio is 1.51. Zhejiang Dingli Machinery Co's value of 2.48 is 64.2% above this benchmark. Historically, Zhejiang Dingli Machinery Co's own PB Ratio has ranged from 1.86 to 17.64 over the past decade. While the company's 10-year median is 5.38 vs. the industry median of 1.51, Zhejiang Dingli Machinery 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 Farm & Heavy Construction Machinery company?
The median PB Ratio among Farm & Heavy Construction Machinery companies is 1.51, based on 203 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 Dingli Machinery Co's current PB Ratio of 2.48 is 64.2% 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 Dingli Machinery Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Dingli Machinery Co's current PB Ratio is 2.48, which is 54% below median its own 10-year median of 5.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Dingli Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Dingli Machinery Co (SHSE:603338) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥72.38, compared to a current price of ¥58.04 — trading 19.8% below its estimated fair value. The current PB Ratio is 2.48, which is 54% below median its 10-year median of 5.38 and 64.2% above the Farm & Heavy Construction Machinery industry median of 1.51. Zhejiang Dingli Machinery Co's overall GF Score™ is 99/100 with 1 warning sign 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 Dingli Machinery Co (SHSE:603338), the current PB Ratio is 2.48 as of Aug. 03, 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 Dingli Machinery Co (SHSE:603338) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Dingli Machinery Co stock appears to be undervalued.
The current stock price of ¥58.04 is trading 19.8% below its estimated GF Value™ of ¥72.38.
GuruFocus considers Zhejiang Dingli Machinery Co to be Modestly Undervalued.
Key valuation signals for SHSE:603338:
PB Ratio: 2.48 (54% below median its 10-year median of 5.38)
GF Value™: ¥72.38 vs. price of ¥58.04 (19.8% below fair value)
Industry Position: 64.2% above the Farm & Heavy Construction Machinery median (#156 of 203)
No single metric tells the full story. See the SHSE:603338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Dingli Machinery Co Ltd is engaged in the research and development, production, and sales of aerial work machinery and industrial vehicles. The company manufactures a range of aerial work platforms, including electric, diesel, and hybrid boom lifts, scissor lifts, mast lifts, and specialized models. Its products are applied across industrial, commercial, construction, and engineering sectors, as well as in logistics, petrochemicals, shipbuilding, and specialized fields such as power grids, nuclear facilities, high-speed rail, airports, and tunnels.
99GF Score
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