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SHSE:603568's PB Ratio is ranked worse than 61.4% of 228
companies
in the Waste Management industry
Industry Median: 1.545
vs SHSE:603568: 2.08
During the past 12 months, Zhejiang Weiming Environment Protection Co's average Book Value Per Share Growth Rate was 9.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 20.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 25.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Zhejiang Weiming Environment Protection Co was 32.60% per year. The lowest was 8.90% per year. And the median was 26.35% 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 Weiming Environment Protection Co PB Ratio Related Terms
Zhejiang Weiming Environment Protection 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 Weiming Environment Protection Co PB Ratio Chart
Zhejiang Weiming Environment Protection Co Annual Data
For the Waste Management subindustry, Zhejiang Weiming Environment Protection 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 Weiming Environment Protection Co PB Ratio vs Waste Management Industry
Zhejiang Weiming Environment Protection 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 Weiming Environment Protection Co (SHSE:603568) has a PB Ratio of 2.08 as of Aug. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Zhejiang Weiming Environment Protection Co and its competitors. This is 60% below median its historical median of 5.19. Over the past decade, Zhejiang Weiming Environment Protection Co's PB Ratio has ranged from 1.96 to 11.68. According to the industry distribution chart, Zhejiang Weiming Environment Protection Co ranks #140 out of 228 companies in the Waste Management industry, placing it in the top 61.4%.
Is Zhejiang Weiming Environment Protection Co's PB Ratio too high?
Zhejiang Weiming Environment Protection Co's current PB Ratio of 2.08 is 60% below median its 10-year median of 5.19. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 11.68. The Waste Management industry median PB Ratio is 1.55. Zhejiang Weiming Environment Protection Co's value of 2.08 is 34.6% above this industry median. Based on the distribution chart, Zhejiang Weiming Environment Protection Co ranks #140 out of 228 companies in the Waste Management industry, which is below the industry midpoint. Overall, Zhejiang Weiming Environment Protection Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Weiming Environment Protection Co's PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Zhejiang Weiming Environment Protection Co ranks #140 out of 228 companies for PB Ratio. This places Zhejiang Weiming Environment Protection Co in the lower half of its industry. The industry median PB Ratio is 1.55. Zhejiang Weiming Environment Protection Co's value of 2.08 is 34.6% above this benchmark. Historically, Zhejiang Weiming Environment Protection Co's own PB Ratio has ranged from 1.96 to 11.68 over the past decade. While the company's 10-year median is 5.19 vs. the industry median of 1.55, Zhejiang Weiming Environment Protection 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 Waste Management company?
The median PB Ratio among Waste Management companies is 1.55, based on 228 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 Weiming Environment Protection Co's current PB Ratio of 2.08 is 34.6% 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 Zhejiang Weiming Environment Protection Co and its competitors. For the Waste Management industry, the median PB Ratio is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Weiming Environment Protection Co's current PB Ratio is 2.08, which is 60% below median its own 10-year median of 5.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Weiming Environment Protection Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Weiming Environment Protection Co (SHSE:603568) is currently considered Fairly Valued. The stock's GF Value™ is ¥16.60, compared to a current price of ¥15.61 — trading 6% below its estimated fair value. The current PB Ratio is 2.08, which is 60% below median its 10-year median of 5.19 and 34.6% above the Waste Management industry median of 1.55. Zhejiang Weiming Environment Protection Co's overall GF Score™ is 94/100 with 6 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 Weiming Environment Protection Co (SHSE:603568), the current PB Ratio is 2.08 as of Aug. 16, 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 Weiming Environment Protection Co (SHSE:603568) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Weiming Environment Protection Co stock appears to be undervalued.
The current stock price of ¥15.61 is trading 6% below its estimated GF Value™ of ¥16.60.
GuruFocus considers Zhejiang Weiming Environment Protection Co to be Fairly Valued.
Key valuation signals for SHSE:603568:
PB Ratio: 2.08 (60% below median its 10-year median of 5.19)
GF Value™: ¥16.60 vs. price of ¥15.61 (6% below fair value)
Industry Position: 34.6% above the Waste Management median (#140 of 228)
No single metric tells the full story. See the SHSE:603568 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Weiming Environment Protection Co Ltd is a China-based company engaged in the solid waste disposal business. It is focused on solid waste-related technological development, equipment manufacturing and sales, project investment, project construction, and operational management. The company is also engaged in waste incineration power generation projects. The company's products include waste incineration grates, boilers, and flue gas treatment systems.
94GF Score
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