Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
SHSE:603863's PB Ratio is ranked worse than 98.52% of 271
companies
in the Forest Products industry
Industry Median: 0.8
vs SHSE:603863: 9.90
During the past 12 months, Guangdong Songyang Recycle Resources Co's average Book Value Per Share Growth Rate was -46.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -34.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -26.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Guangdong Songyang Recycle Resources Co was 66.30% per year. The lowest was -34.90% per year. And the median was 22.60% per year.
Back to Basics: PB Ratio
Guangdong Songyang Recycle Resources Co (SHSE:603863) 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.
Guangdong Songyang Recycle Resources Co PB Ratio Related Terms
Guangdong Songyang Recycle Resources 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.
Guangdong Songyang Recycle Resources Co PB Ratio Chart
Guangdong Songyang Recycle Resources Co Annual Data
Guangdong Songyang Recycle Resources Co PB Ratio Competitor Comparison
For the Paper & Paper Products subindustry, Guangdong Songyang Recycle Resources 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.
Guangdong Songyang Recycle Resources Co PB Ratio vs Forest Products Industry
Guangdong Songyang Recycle Resources 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.
Guangdong Songyang Recycle Resources Co (SHSE:603863) has a PB Ratio of 9.90 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Guangdong Songyang Recycle Resources Co and its competitors. This is 175% above median its historical median of 3.60. Over the past decade, Guangdong Songyang Recycle Resources Co's PB Ratio has ranged from 1.22 to 17.85. According to the industry distribution chart, Guangdong Songyang Recycle Resources Co ranks #267 out of 271 companies in the Forest Products industry, placing it in the top 98.5%.
Is Guangdong Songyang Recycle Resources Co's PB Ratio too high?
Guangdong Songyang Recycle Resources Co's current PB Ratio of 9.90 is 175% above median its 10-year median of 3.60. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 17.85. The Forest Products industry median PB Ratio is 0.80. Guangdong Songyang Recycle Resources Co's value of 9.90 is 1137.5% above this industry median. Based on the distribution chart, Guangdong Songyang Recycle Resources Co ranks #267 out of 271 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Guangdong Songyang Recycle Resources Co has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Guangdong Songyang Recycle Resources Co's PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, Guangdong Songyang Recycle Resources Co ranks #267 out of 271 companies for PB Ratio. This places Guangdong Songyang Recycle Resources Co in the lower half of its industry. The industry median PB Ratio is 0.80. Guangdong Songyang Recycle Resources Co's value of 9.90 is 1137.5% above this benchmark. Historically, Guangdong Songyang Recycle Resources Co's own PB Ratio has ranged from 1.22 to 17.85 over the past decade. While the company's 10-year median is 3.60 vs. the industry median of 0.80, Guangdong Songyang Recycle Resources 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 Forest Products company?
The median PB Ratio among Forest Products companies is 0.80, based on 271 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. Guangdong Songyang Recycle Resources Co's current PB Ratio of 9.90 is 1137.5% 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 Guangdong Songyang Recycle Resources Co and its competitors. For the Forest Products industry, the median PB Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Songyang Recycle Resources Co's current PB Ratio is 9.90, which is 175% above median its own 10-year median of 3.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Songyang Recycle Resources Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Songyang Recycle Resources Co (SHSE:603863) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.97, compared to a current price of ¥11.71 — trading 26.7% below its estimated fair value. The current PB Ratio is 9.90, which is 175% above median its 10-year median of 3.60 and 1137.5% above the Forest Products industry median of 0.80. Guangdong Songyang Recycle Resources Co's overall GF Score™ is 50/100 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 Guangdong Songyang Recycle Resources Co (SHSE:603863), the current PB Ratio is 9.90 as of Jul. 19, 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 Guangdong Songyang Recycle Resources Co (SHSE:603863) Overvalued in 2026?
Based on GuruFocus' analysis, Guangdong Songyang Recycle Resources Co stock appears to be undervalued.
The current stock price of ¥11.71 is trading 26.7% below its estimated GF Value™ of ¥15.97.
GuruFocus considers Guangdong Songyang Recycle Resources Co to be Modestly Undervalued.
Key valuation signals for SHSE:603863:
PB Ratio: 9.90 (175% above median its 10-year median of 3.60)
GF Value™: ¥15.97 vs. price of ¥11.71 (26.7% below fair value)
Industry Position: 1137.5% above the Forest Products median (#267 of 271)
No single metric tells the full story. See the SHSE:603863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangdong Songyang Recycle Resources Co Business Description
Guangdong Songyang Recycle Resources Co Ltd is a high-tech enterprise engaged in the research and development, production and sales of environmentally-friendly recycled paper.
50GF Score
Get the complete analysis for SHSE:603863
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603863 has been successfully added to your 
