Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) PB Ratio: 6.98 (As of Aug. 02, 2026) — 175% Above Median

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SHSE:603682 Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
73 GF Score
Price ¥9.60
GF Value ¥7.06
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Shanghai Golden Union Commercial Management (Group) Co PB Ratio?

Shanghai Golden Union Commercial Management (Group) Co SHSE:603682 +9.97% 73 PB Ratio is 6.98 as of Aug. 02, 2026, which is 175% above its 10-year median of 2.54. GuruFocus rates SHSE:603682 with a GF Score™ of 73/100 and a GF Value™ of ¥7.06 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,711 Real Estate companies, Shanghai Golden Union Commercial Management (Group) Co ranks worse than 96.96% on this metric.

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. As of today (2026-08-02), Shanghai Golden Union Commercial Management (Group) Co's share price is ¥9.60. Shanghai Golden Union Commercial Management (Group) Co's Book Value per Share for the quarter that ended in Mar. 2026 was ¥1.38. Hence, Shanghai Golden Union Commercial Management (Group) Co's PB Ratio of today is 6.98.

The historical rank and industry rank for Shanghai Golden Union Commercial Management (Group) Co's PB Ratio or its related term are showing as below:

SHSE:603682' s PB Ratio Range Over the Past 10 Years
Min: 1.43   Med: 2.54   Max: 6.96
Current: 6.96

During the past 13 years, Shanghai Golden Union Commercial Management (Group) Co's highest PB Ratio was 6.96. The lowest was 1.43. And the median was 2.54.

SHSE:603682's PB Ratio is ranked worse than
96.96% of 1711 companies
in the Real Estate industry
Industry Median: 0.81 vs SHSE:603682: 6.96

During the past 12 months, Shanghai Golden Union Commercial Management (Group) Co's average Book Value Per Share Growth Rate was -39.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -12.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -6.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -1.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Shanghai Golden Union Commercial Management (Group) Co was 43.20% per year. The lowest was -12.80% per year. And the median was 1.25% per year.

Back to Basics: PB Ratio


Shanghai Golden Union Commercial Management (Group) Co  (SHSE:603682) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Shanghai Golden Union Commercial Management (Group) Co PB Ratio Related Terms


Shanghai Golden Union Commercial Management (Group) Co PB Ratio Historical Data

* Premium members only.

The historical data trend for Shanghai Golden Union Commercial Management (Group) Co's PB Ratio can be seen below:

* 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.

Shanghai Golden Union Commercial Management (Group) Co PB Ratio Chart

Shanghai Golden Union Commercial Management (Group) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.54 2.28 2.42 3.47 4.18

Shanghai Golden Union Commercial Management (Group) Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.28 2.70 2.87 4.18 4.75

SHSE:603682 vs CBRE, BEKE, JLL: PB Ratio Comparison

For the Real Estate Services subindustry, Shanghai Golden Union Commercial Management (Group) 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.


Shanghai Golden Union Commercial Management (Group) Co PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai Golden Union Commercial Management (Group) Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Shanghai Golden Union Commercial Management (Group) Co's PB Ratio falls into.


SHSE:603682
73GF Score
Shanghai Golden Union Commercial Management (Group) Co Ltd SHSE:603682
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai Golden Union Commercial Management (Group) 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.

Shanghai Golden Union Commercial Management (Group) Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=9.60/1.376
=6.98

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 6.98 mean?
Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) has a PB Ratio of 6.98 as of Aug. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shanghai Golden Union Commercial Management (Group) Co and its competitors. This is 175% above median its historical median of 2.54. Over the past decade, Shanghai Golden Union Commercial Management (Group) Co's PB Ratio has ranged from 1.43 to 6.96. According to the industry distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1659 out of 1711 companies in the Real Estate industry, placing it in the top 97%.
Is Shanghai Golden Union Commercial Management (Group) Co's PB Ratio too high?
Shanghai Golden Union Commercial Management (Group) Co's current PB Ratio of 6.98 is 175% above median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 6.96. The Real Estate industry median PB Ratio is 0.81. Shanghai Golden Union Commercial Management (Group) Co's value of 6.98 is 761.7% above this industry median. Based on the distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1659 out of 1711 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Shanghai Golden Union Commercial Management (Group) Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Golden Union Commercial Management (Group) Co's PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Shanghai Golden Union Commercial Management (Group) Co ranks #1659 out of 1711 companies for PB Ratio. This places Shanghai Golden Union Commercial Management (Group) Co in the lower half of its industry. The industry median PB Ratio is 0.81. Shanghai Golden Union Commercial Management (Group) Co's value of 6.98 is 761.7% above this benchmark. Historically, Shanghai Golden Union Commercial Management (Group) Co's own PB Ratio has ranged from 1.43 to 6.96 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 0.81, Shanghai Golden Union Commercial Management (Group) 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 Real Estate company?
The median PB Ratio among Real Estate companies is 0.81, based on 1,711 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. Shanghai Golden Union Commercial Management (Group) Co's current PB Ratio of 6.98 is 761.7% 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 Shanghai Golden Union Commercial Management (Group) Co and its competitors. For the Real Estate industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Golden Union Commercial Management (Group) Co's current PB Ratio is 6.98, which is 175% above median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Golden Union Commercial Management (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.06, compared to a current price of ¥9.60 — trading 36% above its estimated fair value. The current PB Ratio is 6.98, which is 175% above median its 10-year median of 2.54 and 761.7% above the Real Estate industry median of 0.81. Shanghai Golden Union Commercial Management (Group) Co's overall GF Score™ is 73/100 with 9 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 Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682), the current PB Ratio is 6.98 as of Aug. 02, 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 Shanghai Golden Union Commercial Management (Group) Co (SHSE:603682) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai Golden Union Commercial Management (Group) Co stock appears to be overvalued. The current stock price of ¥9.60 is trading 36% above its estimated GF Value™ of ¥7.06. GuruFocus considers Shanghai Golden Union Commercial Management (Group) Co to be Significantly Overvalued.

Key valuation signals for SHSE:603682:

  • PB Ratio: 6.98 (175% above median its 10-year median of 2.54)
  • GF Value™: ¥7.06 vs. price of ¥9.60 (36% above fair value)
  • GF Score™: 73/100 with 9 warning signs
  • Industry Position: 761.7% above the Real Estate median (#1659 of 1711)

No single metric tells the full story. See the SHSE:603682 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai Golden Union Commercial Management (Group) Co Business Description

Address No. 68 Hongcao Road, 18th Floor, Building 43, Jinhe Center, Xuhui District, Shanghai, CHN, 200233
Shanghai Golden Union Commercial Management (Group) Co Ltd is engaged in positioning design, transformation and operation management of industrial parks and creative industrial parks. The company specializes in the field of urban renewal and provides a one-stop service for the entire value chain of existing commercial properties in cities. Its services improve the value of properties through remarketing, design and transformation of old properties, investment management, and improve the appearance of the city while tapping the historical context of architecture to promote the incubation of cultural and creative industries.
73GF Score

Get the complete analysis for SHSE:603682

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥9.60
Price
¥7.06
GF Value