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SHSE:603806'
s PB Ratio Range Over the Past 10 Years
Min: 1.86 Med: 3.34 Max: 14.36
Current: 2.35
During the past 13 years, Hangzhou First Applied Material Co's highest PB Ratio was 14.36. The lowest was 1.86. And the median was 3.34.
SHSE:603806's PB Ratio is ranked better than 60.26% of 1004
companies
in the Semiconductors industry
Industry Median: 3.18
vs SHSE:603806: 2.35
During the past 12 months, Hangzhou First Applied Material Co's average Book Value Per Share Growth Rate was 3.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 16.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hangzhou First Applied Material Co was 115.40% per year. The lowest was 5.60% per year. And the median was 22.50% 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.
Hangzhou First Applied Material Co PB Ratio Related Terms
Hangzhou First Applied Material 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.
SHSE:603806 vs AMAT, LRCX, KLAC: PB Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Hangzhou First Applied Material 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.
Hangzhou First Applied Material Co PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Hangzhou First Applied Material Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hangzhou First Applied Material Co's PB Ratio falls into.
Hangzhou First Applied Material 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.
Hangzhou First Applied Material Co (SHSE:603806) has a PB Ratio of 2.35 as of Aug. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hangzhou First Applied Material Co and its competitors. This is 30% below median its historical median of 3.34. Over the past decade, Hangzhou First Applied Material Co's PB Ratio has ranged from 1.86 to 14.36. According to the industry distribution chart, Hangzhou First Applied Material Co ranks #399 out of 1004 companies in the Semiconductors industry, placing it in the top 39.7%.
Is Hangzhou First Applied Material Co's PB Ratio too high?
Hangzhou First Applied Material Co's current PB Ratio of 2.35 is 30% below median its 10-year median of 3.34. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 14.36. The Semiconductors industry median PB Ratio is 3.18. Hangzhou First Applied Material Co's value of 2.35 is 26.1% below this industry median. Based on the distribution chart, Hangzhou First Applied Material Co ranks #399 out of 1004 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Hangzhou First Applied Material Co has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou First Applied Material Co's PB Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Hangzhou First Applied Material Co ranks #399 out of 1004 companies for PB Ratio. This puts Hangzhou First Applied Material Co in the upper half of its industry. The industry median PB Ratio is 3.18. Hangzhou First Applied Material Co's value of 2.35 is 26.1% below this benchmark. Historically, Hangzhou First Applied Material Co's own PB Ratio has ranged from 1.86 to 14.36 over the past decade. While the company's 10-year median is 3.34 vs. the industry median of 3.18, Hangzhou First Applied Material 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 a Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.18, based on 1,004 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. Hangzhou First Applied Material Co's current PB Ratio of 2.35 is 26.1% 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 Hangzhou First Applied Material Co and its competitors. For the Semiconductors industry, the median PB Ratio is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou First Applied Material Co's current PB Ratio is 2.35, which is 30% below median its own 10-year median of 3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou First Applied Material Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou First Applied Material Co (SHSE:603806) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥12.30, compared to a current price of ¥15.07 — trading 22.5% above its estimated fair value. The current PB Ratio is 2.35, which is 30% below median its 10-year median of 3.34 and 26.1% below the Semiconductors industry median of 3.18. Hangzhou First Applied Material Co's overall GF Score™ is 87/100 with 5 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 Hangzhou First Applied Material Co (SHSE:603806), the current PB Ratio is 2.35 as of Aug. 24, 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 Hangzhou First Applied Material Co (SHSE:603806) Overvalued in 2026?
Based on GuruFocus' analysis, Hangzhou First Applied Material Co stock appears to be overvalued.
The current stock price of ¥15.07 is trading 22.5% above its estimated GF Value™ of ¥12.30.
GuruFocus considers Hangzhou First Applied Material Co to be Modestly Overvalued.
Key valuation signals for SHSE:603806:
PB Ratio: 2.35 (30% below median its 10-year median of 3.34)
GF Value™: ¥12.30 vs. price of ¥15.07 (22.5% above fair value)
Industry Position: 26.1% below the Semiconductors median (#399 of 1004)
No single metric tells the full story. See the SHSE:603806 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hangzhou First Applied Material Co Ltd is a China-based company engaged in the production of solar cell adhesive film, solar cell backplane, photosensitive dry film, flexible copper clad laminate, silicone material, hot melt adhesive film (hot melt adhesive), hot melt web film (double-sided adhesive), clothing accessories (lining cloth); sales of solar cell modules, cells, polysilicon, polymer materials, and chemical raw materials and products.
87GF Score
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