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SHSE:603616'
s PB Ratio Range Over the Past 10 Years
Min: 1.77 Med: 3.58 Max: 14.47
Current: 9.4
During the past 13 years, Beijing Hanjian Heshan Pipeline Co's highest PB Ratio was 14.47. The lowest was 1.77. And the median was 3.58.
SHSE:603616's PB Ratio is ranked worse than 97.22% of 611
companies
in the Steel industry
Industry Median: 0.97
vs SHSE:603616: 9.40
During the past 12 months, Beijing Hanjian Heshan Pipeline Co's average Book Value Per Share Growth Rate was -9.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -33.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -30.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -14.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Beijing Hanjian Heshan Pipeline Co was 27.90% per year. The lowest was -41.40% per year. And the median was -1.25% 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.
Beijing Hanjian Heshan Pipeline Co PB Ratio Related Terms
Beijing Hanjian Heshan Pipeline 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 Steel subindustry, Beijing Hanjian Heshan Pipeline 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.
Beijing Hanjian Heshan Pipeline Co PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Beijing Hanjian Heshan Pipeline Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Beijing Hanjian Heshan Pipeline Co's PB Ratio falls into.
Beijing Hanjian Heshan Pipeline 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.
Beijing Hanjian Heshan Pipeline Co (SHSE:603616) has a PB Ratio of 9.40 as of Aug. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Beijing Hanjian Heshan Pipeline Co and its competitors. This is 163% above median its historical median of 3.58. Over the past decade, Beijing Hanjian Heshan Pipeline Co's PB Ratio has ranged from 1.77 to 14.47. According to the industry distribution chart, Beijing Hanjian Heshan Pipeline Co ranks #594 out of 611 companies in the Steel industry, placing it in the top 97.2%.
Is Beijing Hanjian Heshan Pipeline Co's PB Ratio too high?
Beijing Hanjian Heshan Pipeline Co's current PB Ratio of 9.40 is 163% above median its 10-year median of 3.58. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 14.47. The Steel industry median PB Ratio is 0.97. Beijing Hanjian Heshan Pipeline Co's value of 9.40 is 869.1% above this industry median. Based on the distribution chart, Beijing Hanjian Heshan Pipeline Co ranks #594 out of 611 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Beijing Hanjian Heshan Pipeline Co has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Beijing Hanjian Heshan Pipeline Co's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Beijing Hanjian Heshan Pipeline Co ranks #594 out of 611 companies for PB Ratio. This places Beijing Hanjian Heshan Pipeline Co in the lower half of its industry. The industry median PB Ratio is 0.97. Beijing Hanjian Heshan Pipeline Co's value of 9.40 is 869.1% above this benchmark. Historically, Beijing Hanjian Heshan Pipeline Co's own PB Ratio has ranged from 1.77 to 14.47 over the past decade. While the company's 10-year median is 3.58 vs. the industry median of 0.97, Beijing Hanjian Heshan Pipeline 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 Steel company?
The median PB Ratio among Steel companies is 0.97, based on 611 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. Beijing Hanjian Heshan Pipeline Co's current PB Ratio of 9.40 is 869.1% 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 Beijing Hanjian Heshan Pipeline Co and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing Hanjian Heshan Pipeline Co's current PB Ratio is 9.40, which is 163% above median its own 10-year median of 3.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing Hanjian Heshan Pipeline Co stock overvalued right now?
Based on GuruFocus' analysis, Beijing Hanjian Heshan Pipeline Co (SHSE:603616) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.58, compared to a current price of ¥5.17 — trading 7.3% below its estimated fair value. The current PB Ratio is 9.40, which is 163% above median its 10-year median of 3.58 and 869.1% above the Steel industry median of 0.97. Beijing Hanjian Heshan Pipeline Co's overall GF Score™ is 54/100 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 Beijing Hanjian Heshan Pipeline Co (SHSE:603616), the current PB Ratio is 9.40 as of Aug. 05, 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 Beijing Hanjian Heshan Pipeline Co (SHSE:603616) Overvalued in 2026?
Based on GuruFocus' analysis, Beijing Hanjian Heshan Pipeline Co stock appears to be undervalued.
The current stock price of ¥5.17 is trading 7.3% below its estimated GF Value™ of ¥5.58.
GuruFocus considers Beijing Hanjian Heshan Pipeline Co to be Fairly Valued.
Key valuation signals for SHSE:603616:
PB Ratio: 9.40 (163% above median its 10-year median of 3.58)
GF Value™: ¥5.58 vs. price of ¥5.17 (7.3% below fair value)
Industry Position: 869.1% above the Steel median (#594 of 611)
No single metric tells the full story. See the SHSE:603616 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beijing Hanjian Heshan Pipeline Co Ltd is engaged in the production of pre-stressed steel cylinder concrete pipe (PCCP), pressure steel pipe and pressure steel pipe, drainage pipe, commercial concrete. The company's main products are PCCP of DN600-DN4000, full range of concrete drainage pipes (RCP) of DN300-DN3000, concrete of various strength grades and special concrete.
54GF Score
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