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SHSE:603829's PB Ratio is ranked better than 59.52% of 2979
companies
in the Industrial Products industry
Industry Median: 2.1
vs SHSE:603829: 1.68
During the past 12 months, Jiangsu Luokai Mechanical & Electrical Co's average Book Value Per Share Growth Rate was 16.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Jiangsu Luokai Mechanical & Electrical Co was 23.00% per year. The lowest was 6.20% per year. And the median was 12.60% per year.
Back to Basics: PB Ratio
Jiangsu Luokai Mechanical & Electrical Co (SHSE:603829) 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.
Jiangsu Luokai Mechanical & Electrical Co PB Ratio Related Terms
Jiangsu Luokai Mechanical & Electrical 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.
Jiangsu Luokai Mechanical & Electrical Co PB Ratio Chart
Jiangsu Luokai Mechanical & Electrical Co Annual Data
For the Electrical Equipment & Parts subindustry, Jiangsu Luokai Mechanical & Electrical 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.
Jiangsu Luokai Mechanical & Electrical Co PB Ratio vs Industrial Products Industry
Jiangsu Luokai Mechanical & Electrical 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.
Jiangsu Luokai Mechanical & Electrical Co (SHSE:603829) has a PB Ratio of 1.68 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Jiangsu Luokai Mechanical & Electrical Co and its competitors. This is 32% below median its historical median of 2.46. Over the past decade, Jiangsu Luokai Mechanical & Electrical Co's PB Ratio has ranged from 1.62 to 11.24. According to the industry distribution chart, Jiangsu Luokai Mechanical & Electrical Co ranks #1206 out of 2979 companies in the Industrial Products industry, placing it in the top 40.5%.
Is Jiangsu Luokai Mechanical & Electrical Co's PB Ratio too high?
Jiangsu Luokai Mechanical & Electrical Co's current PB Ratio of 1.68 is 32% below median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 11.24. The Industrial Products industry median PB Ratio is 2.10. Jiangsu Luokai Mechanical & Electrical Co's value of 1.68 is 20% below this industry median. Based on the distribution chart, Jiangsu Luokai Mechanical & Electrical Co ranks #1206 out of 2979 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Jiangsu Luokai Mechanical & Electrical Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Luokai Mechanical & Electrical Co's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Jiangsu Luokai Mechanical & Electrical Co ranks #1206 out of 2979 companies for PB Ratio. This puts Jiangsu Luokai Mechanical & Electrical Co in the upper half of its industry. The industry median PB Ratio is 2.10. Jiangsu Luokai Mechanical & Electrical Co's value of 1.68 is 20% below this benchmark. Historically, Jiangsu Luokai Mechanical & Electrical Co's own PB Ratio has ranged from 1.62 to 11.24 over the past decade. While the company's 10-year median is 2.46 vs. the industry median of 2.10, Jiangsu Luokai Mechanical & Electrical 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 Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.10, based on 2,979 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. Jiangsu Luokai Mechanical & Electrical Co's current PB Ratio of 1.68 is 20% 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 Jiangsu Luokai Mechanical & Electrical Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Luokai Mechanical & Electrical Co's current PB Ratio is 1.68, which is 32% below median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Luokai Mechanical & Electrical Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Luokai Mechanical & Electrical Co (SHSE:603829) is currently considered Fairly Valued. The stock's GF Value™ is ¥14.54, compared to a current price of ¥13.44 — trading 7.6% below its estimated fair value. The current PB Ratio is 1.68, which is 32% below median its 10-year median of 2.46 and 20% below the Industrial Products industry median of 2.10. Jiangsu Luokai Mechanical & Electrical Co's overall GF Score™ is 80/100 with 7 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 Jiangsu Luokai Mechanical & Electrical Co (SHSE:603829), the current PB Ratio is 1.68 as of Jul. 21, 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 Jiangsu Luokai Mechanical & Electrical Co (SHSE:603829) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Luokai Mechanical & Electrical Co stock appears to be undervalued.
The current stock price of ¥13.44 is trading 7.6% below its estimated GF Value™ of ¥14.54.
GuruFocus considers Jiangsu Luokai Mechanical & Electrical Co to be Fairly Valued.
Key valuation signals for SHSE:603829:
PB Ratio: 1.68 (32% below median its 10-year median of 2.46)
GF Value™: ¥14.54 vs. price of ¥13.44 (7.6% below fair value)
Industry Position: 20% below the Industrial Products median (#1206 of 2979)
No single metric tells the full story. See the SHSE:603829 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu Luokai Mechanical & Electrical Co Business Description
Jiangsu Luokai Mechanical & Electrical Co Ltd manufactures electrical components. The company produces accessories, parts and other supporting products of transmission and distribution switch equipment. The company's main products include low-voltage and high-voltage circuit breaker (drawing) frames, low-voltage circuit breaker operating mechanisms, high-voltage circuit breaker operating mechanisms, other high-voltage transmission and distribution equipment operating mechanisms, circuit breaker accessories and spare parts.
80GF Score
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