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Zhejiang Xinao TextilesSHSE:603889 -2.53%92 PB Ratio is 1.34 as of Jul. 19, 2026, which is 9% below its 10-year median of 1.48. GuruFocus rates SHSE:603889 with a GF Score™ of 92/100 and a GF Value™ of ¥6.64 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,004 Manufacturing - Apparel & Accessories companies, Zhejiang Xinao Textiles ranks worse than 58.37% on this metric.
Zhejiang Xinao Textiles Inc stock PB Ratio (=1.34) is close to 1-year low of 1.25.
The historical rank and industry rank for Zhejiang Xinao Textiles's PB Ratio or its related term are showing as below:
SHSE:603889'
s PB Ratio Range Over the Past 10 Years
Min: 0.89 Med: 1.48 Max: 4.71
Current: 1.34
During the past 13 years, Zhejiang Xinao Textiles's highest PB Ratio was 4.71. The lowest was 0.89. And the median was 1.48.
SHSE:603889's PB Ratio is ranked worse than 58.37% of 1004
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.07
vs SHSE:603889: 1.34
During the past 12 months, Zhejiang Xinao Textiles's average Book Value Per Share Growth Rate was 8.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Zhejiang Xinao Textiles was 31.60% per year. The lowest was 4.40% per year. And the median was 12.90% per year.
Back to Basics: PB Ratio
Zhejiang Xinao Textiles (SHSE:603889) 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.
* 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.
Zhejiang Xinao Textiles PB Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Zhejiang Xinao Textiles'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.
Zhejiang Xinao Textiles PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Xinao Textiles's PB Ratio distribution charts can be found below:
* The bar in red indicates where Zhejiang Xinao Textiles's PB Ratio falls into.
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.
Zhejiang Xinao Textiles (SHSE:603889) has a PB Ratio of 1.34 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 Zhejiang Xinao Textiles and its competitors. This is near median its historical median of 1.48. Over the past decade, Zhejiang Xinao Textiles' PB Ratio has ranged from 0.89 to 4.71. According to the industry distribution chart, Zhejiang Xinao Textiles ranks #586 out of 1004 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 58.4%.
Is Zhejiang Xinao Textiles' PB Ratio too high?
Zhejiang Xinao Textiles' current PB Ratio of 1.34 is near median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 4.71. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.07. Zhejiang Xinao Textiles' value of 1.34 is 25.2% above this industry median. Based on the distribution chart, Zhejiang Xinao Textiles ranks #586 out of 1004 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Zhejiang Xinao Textiles has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Xinao Textiles' PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Zhejiang Xinao Textiles ranks #586 out of 1004 companies for PB Ratio. This places Zhejiang Xinao Textiles in the lower half of its industry. The industry median PB Ratio is 1.07. Zhejiang Xinao Textiles' value of 1.34 is 25.2% above this benchmark. Historically, Zhejiang Xinao Textiles' own PB Ratio has ranged from 0.89 to 4.71 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.07, Zhejiang Xinao Textiles 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 Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.07, 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. Zhejiang Xinao Textiles's current PB Ratio of 1.34 is 25.2% 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 Zhejiang Xinao Textiles and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Xinao Textiles's current PB Ratio is 1.34, which is near median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Xinao Textiles stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Xinao Textiles (SHSE:603889) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.64, compared to a current price of ¥5.39 — trading 18.8% below its estimated fair value. The current PB Ratio is 1.34, which is near median its 10-year median of 1.48 and 25.2% above the Manufacturing - Apparel & Accessories industry median of 1.07. Zhejiang Xinao Textiles' overall GF Score™ is 92/100 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 Zhejiang Xinao Textiles (SHSE:603889), the current PB Ratio is 1.34 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 Zhejiang Xinao Textiles (SHSE:603889) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Xinao Textiles stock appears to be undervalued.
The current stock price of ¥5.39 is trading 18.8% below its estimated GF Value™ of ¥6.64.
GuruFocus considers Zhejiang Xinao Textiles to be Modestly Undervalued.
Key valuation signals for SHSE:603889:
PB Ratio: 1.34 (near median its 10-year median of 1.48)
GF Value™: ¥6.64 vs. price of ¥5.39 (18.8% below fair value)
Industry Position: 25.2% above the Manufacturing - Apparel & Accessories median (#586 of 1004)
No single metric tells the full story. See the SHSE:603889 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Xinao Textiles Inc along with its subsidiaries is engaged in research, development, production & sales of worsted yarn. The company's main products and services include: worsted, woolen pure wool, and wool blended yarns; woolen, worsted pure cashmere and cashmere blended yarns.
92GF Score
Get the complete analysis for SHSE:603889
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