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SHSE:603689's PB Ratio is ranked better than 66.45% of 927
companies
in the Oil & Gas industry
Industry Median: 1.45
vs SHSE:603689: 1.04
During the past 12 months, Anhui Province Natural Gas Development Co's average Book Value Per Share Growth Rate was 4.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Anhui Province Natural Gas Development Co was 29.70% per year. The lowest was 5.50% per year. And the median was 10.10% per year.
Back to Basics: PB Ratio
Anhui Province Natural Gas Development Co (SHSE:603689) 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.
Anhui Province Natural Gas Development Co PB Ratio Related Terms
Anhui Province Natural Gas Development 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.
Anhui Province Natural Gas Development Co PB Ratio Chart
Anhui Province Natural Gas Development Co Annual Data
For the Oil & Gas Midstream subindustry, Anhui Province Natural Gas Development 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.
Anhui Province Natural Gas Development Co PB Ratio vs Oil & Gas Industry
Anhui Province Natural Gas Development 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.
Anhui Province Natural Gas Development Co (SHSE:603689) has a PB Ratio of 1.04 as of Jul. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Anhui Province Natural Gas Development Co and its competitors. This is 27% below median its historical median of 1.42. Over the past decade, Anhui Province Natural Gas Development Co's PB Ratio has ranged from 0.96 to 5.28. According to the industry distribution chart, Anhui Province Natural Gas Development Co ranks #311 out of 927 companies in the Oil & Gas industry, placing it in the top 33.5%.
Is Anhui Province Natural Gas Development Co's PB Ratio too high?
Anhui Province Natural Gas Development Co's current PB Ratio of 1.04 is 27% below median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 5.28. The Oil & Gas industry median PB Ratio is 1.45. Anhui Province Natural Gas Development Co's value of 1.04 is 28.3% below this industry median. Based on the distribution chart, Anhui Province Natural Gas Development Co ranks #311 out of 927 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Anhui Province Natural Gas Development Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Anhui Province Natural Gas Development Co's PB Ratio compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, Anhui Province Natural Gas Development Co ranks #311 out of 927 companies for PB Ratio. This puts Anhui Province Natural Gas Development Co in the upper half of its industry. The industry median PB Ratio is 1.45. Anhui Province Natural Gas Development Co's value of 1.04 is 28.3% below this benchmark. Historically, Anhui Province Natural Gas Development Co's own PB Ratio has ranged from 0.96 to 5.28 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.45, Anhui Province Natural Gas Development Co has consistently been below 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 an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.45, based on 927 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. Anhui Province Natural Gas Development Co's current PB Ratio of 1.04 is 28.3% below 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 Anhui Province Natural Gas Development Co and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anhui Province Natural Gas Development Co's current PB Ratio is 1.04, which is 27% below median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anhui Province Natural Gas Development Co stock overvalued right now?
Based on GuruFocus' analysis, Anhui Province Natural Gas Development Co (SHSE:603689) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.28, compared to a current price of ¥7.52 — trading 3.3% above its estimated fair value. The current PB Ratio is 1.04, which is 27% below median its 10-year median of 1.42 and 28.3% below the Oil & Gas industry median of 1.45. Anhui Province Natural Gas Development Co's overall GF Score™ is 63/100 with 4 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 Anhui Province Natural Gas Development Co (SHSE:603689), the current PB Ratio is 1.04 as of Jul. 30, 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 Anhui Province Natural Gas Development Co (SHSE:603689) Overvalued in 2026?
Based on GuruFocus' analysis, Anhui Province Natural Gas Development Co stock appears to be overvalued.
The current stock price of ¥7.52 is trading 3.3% above its estimated GF Value™ of ¥7.28.
GuruFocus considers Anhui Province Natural Gas Development Co to be Fairly Valued.
Key valuation signals for SHSE:603689:
PB Ratio: 1.04 (27% below median its 10-year median of 1.42)
GF Value™: ¥7.28 vs. price of ¥7.52 (3.3% above fair value)
Industry Position: 28.3% below the Oil & Gas median (#311 of 927)
No single metric tells the full story. See the SHSE:603689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anhui Province Natural Gas Development Co Business Description
Anhui Province Natural Gas Development Co Ltd is a natural gas pipeline operator. It invests, constructs, operates and manages natural gas pipelines in Anhui Province. The company also participates in the development and construction of natural gas pipeline network in urban areas; manages natural gas resources on behalf of Anhui Province; sells natural gas; and market and competitive investment in other natural gas, CBM and other energy applications and related projects. The other business activities of the company are to invest in the development of natural gas and coal seams in the province Gas resources projects; other energy development projects; and to engage in other auxiliary businesses.
63GF Score
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