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SHSE:605008's PB Ratio is ranked worse than 81.36% of 1577
companies
in the Chemicals industry
Industry Median: 1.72
vs SHSE:605008: 3.83
During the past 12 months, Ningbo Changhong Polymer Scientific & Technical's average Book Value Per Share Growth Rate was -1.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Ningbo Changhong Polymer Scientific & Technical was 37.30% per year. The lowest was -0.60% per year. And the median was 21.50% 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.
Ningbo Changhong Polymer Scientific & Technical PB Ratio Related Terms
Ningbo Changhong Polymer Scientific & Technical 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.
Ningbo Changhong Polymer Scientific & Technical PB Ratio Chart
Ningbo Changhong Polymer Scientific & Technical Annual Data
* 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.
Ningbo Changhong Polymer Scientific & Technical PB Ratio vs Chemicals Industry
Ningbo Changhong Polymer Scientific & Technical 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.
Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) has a PB Ratio of 3.83 as of Aug. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ningbo Changhong Polymer Scientific & Technical and its competitors. This is 20% below median its historical median of 4.80. Over the past decade, Ningbo Changhong Polymer Scientific & Technical's PB Ratio has ranged from 3.30 to 9.80. According to the industry distribution chart, Ningbo Changhong Polymer Scientific & Technical ranks #1283 out of 1577 companies in the Chemicals industry, placing it in the top 81.4%.
Is Ningbo Changhong Polymer Scientific & Technical's PB Ratio too high?
Ningbo Changhong Polymer Scientific & Technical's current PB Ratio of 3.83 is 20% below median its 10-year median of 4.80. Over the past 10 years, this metric has ranged from a low of 3.30 to a high of 9.80. The Chemicals industry median PB Ratio is 1.72. Ningbo Changhong Polymer Scientific & Technical's value of 3.83 is 122.7% above this industry median. Based on the distribution chart, Ningbo Changhong Polymer Scientific & Technical ranks #1283 out of 1577 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Ningbo Changhong Polymer Scientific & Technical has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Changhong Polymer Scientific & Technical's PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ningbo Changhong Polymer Scientific & Technical ranks #1283 out of 1577 companies for PB Ratio. This places Ningbo Changhong Polymer Scientific & Technical in the lower half of its industry. The industry median PB Ratio is 1.72. Ningbo Changhong Polymer Scientific & Technical's value of 3.83 is 122.7% above this benchmark. Historically, Ningbo Changhong Polymer Scientific & Technical's own PB Ratio has ranged from 3.30 to 9.80 over the past decade. While the company's 10-year median is 4.80 vs. the industry median of 1.72, Ningbo Changhong Polymer Scientific & Technical 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 Chemicals company?
The median PB Ratio among Chemicals companies is 1.72, based on 1,577 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. Ningbo Changhong Polymer Scientific & Technical's current PB Ratio of 3.83 is 122.7% 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 Ningbo Changhong Polymer Scientific & Technical and its competitors. For the Chemicals industry, the median PB Ratio is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Changhong Polymer Scientific & Technical's current PB Ratio is 3.83, which is 20% below median its own 10-year median of 4.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Changhong Polymer Scientific & Technical stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.23, compared to a current price of ¥11.57 — trading 24% below its estimated fair value. The current PB Ratio is 3.83, which is 20% below median its 10-year median of 4.80 and 122.7% above the Chemicals industry median of 1.72. Ningbo Changhong Polymer Scientific & Technical's overall GF Score™ is 78/100 with 11 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 Ningbo Changhong Polymer Scientific & Technical (SHSE:605008), the current PB Ratio is 3.83 as of Aug. 08, 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 Ningbo Changhong Polymer Scientific & Technical (SHSE:605008) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Changhong Polymer Scientific & Technical stock appears to be undervalued.
The current stock price of ¥11.57 is trading 24% below its estimated GF Value™ of ¥15.23.
GuruFocus considers Ningbo Changhong Polymer Scientific & Technical to be Modestly Undervalued.
Key valuation signals for SHSE:605008:
PB Ratio: 3.83 (20% below median its 10-year median of 4.80)
GF Value™: ¥15.23 vs. price of ¥11.57 (24% below fair value)
Industry Position: 122.7% above the Chemicals median (#1283 of 1577)
No single metric tells the full story. See the SHSE:605008 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Changhong Polymer Scientific & Technical Inc is engaged in production and sales of styrene-based thermoplastic elastomers (TPES). The company's products include Sstyrene-butadiene-styrene (SBS) and Styrene-ethylene-butylene-styrene (SEBS). Its products are used in many industrial fields such as shoes materials, asphalt modification, plastic modification, adhesive agent, medicine, health products, waterproofing materials, and construction materials, environmental-friendly plastic runway and bicycle tyre.
78GF Score
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