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Haiyang Technology CoSHSE:603382 +2.45%33 PB Ratio is 1.67 as of Jul. 27, 2026, which is 48% below its 10-year median of 3.21. GuruFocus rates SHSE:603382 with a GF Score™ of 33/100. The stock has 7 warning signs investors should review. Among 1,576 Chemicals companies, Haiyang Technology Co ranks worse than 50.19% on this metric.
Haiyang Technology Co Ltd stock PB Ratio (=1.63) is close to 2-year low of 1.63.
The historical rank and industry rank for Haiyang Technology Co's PB Ratio or its related term are showing as below:
SHSE:603382'
s PB Ratio Range Over the Past 10 Years
Min: 1.63 Med: 3.21 Max: 5.53
Current: 1.67
During the past 6 years, Haiyang Technology Co's highest PB Ratio was 5.53. The lowest was 1.63. And the median was 3.21.
SHSE:603382's PB Ratio is ranked worse than 50.19% of 1576
companies
in the Chemicals industry
Industry Median: 1.66
vs SHSE:603382: 1.67
During the past 12 months, Haiyang Technology Co's average Book Value Per Share Growth Rate was 41.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 19.70% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Haiyang Technology Co was 33.90% per year. The lowest was 11.30% per year. And the median was 14.00% per year.
Back to Basics: PB Ratio
Haiyang Technology Co (SHSE:603382) PB Ratio Explanation
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.
* 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 Chemicals subindustry, Haiyang Technology 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.
Haiyang Technology Co PB Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Haiyang Technology Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Haiyang Technology 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.
Haiyang Technology Co (SHSE:603382) has a PB Ratio of 1.67 as of Jul. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Haiyang Technology Co and its competitors. This is 48% below median its historical median of 3.21. Over the past decade, Haiyang Technology Co's PB Ratio has ranged from 1.63 to 5.53. According to the industry distribution chart, Haiyang Technology Co ranks #791 out of 1576 companies in the Chemicals industry, placing it in the top 50.2%.
Is Haiyang Technology Co's PB Ratio too high?
Haiyang Technology Co's current PB Ratio of 1.67 is 48% below median its 10-year median of 3.21. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 5.53. The Chemicals industry median PB Ratio is 1.66. Haiyang Technology Co's value of 1.67 is 0.6% above this industry median. Based on the distribution chart, Haiyang Technology Co ranks #791 out of 1576 companies in the Chemicals industry, which is below the industry midpoint. Overall, Haiyang Technology Co has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Haiyang Technology Co's PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Haiyang Technology Co ranks #791 out of 1576 companies for PB Ratio. This places Haiyang Technology Co in the lower half of its industry. The industry median PB Ratio is 1.66. Haiyang Technology Co's value of 1.67 is 0.6% above this benchmark. Historically, Haiyang Technology Co's own PB Ratio has ranged from 1.63 to 5.53 over the past decade. While the company's 10-year median is 3.21 vs. the industry median of 1.66, Haiyang Technology 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 Chemicals company?
The median PB Ratio among Chemicals companies is 1.66, based on 1,576 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. Haiyang Technology Co's current PB Ratio of 1.67 is 0.6% 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 Haiyang Technology Co and its competitors. For the Chemicals industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haiyang Technology Co's current PB Ratio is 1.67, which is 48% below median its own 10-year median of 3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haiyang Technology Co stock overvalued right now?
Haiyang Technology Co (SHSE:603382) has a current PB Ratio of 1.67. The current PB Ratio is 1.67, which is 48% below median its 10-year median of 3.21 and 0.6% above the Chemicals industry median of 1.66. Haiyang Technology Co's overall GF Score™ is 33/100 with 7 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 Haiyang Technology Co (SHSE:603382), the current PB Ratio is 1.67 as of Jul. 27, 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.
Haiyang Technology Co Ltd is engaged in research and development, production and sales of nylon 6 series products. Its products include slice series, Cord Fabric, Fibers series.
33GF Score
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