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Ningbo Shimao Energy CoSHSE:605028 -0.63%69 PB Ratio is 3.13 as of Aug. 01, 2026, which is 25% above its 10-year median of 2.50. GuruFocus rates SHSE:605028 with a GF Score™ of 69/100 and a GF Value™ of ¥14.83 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 433 Utilities - Independent Power Producers companies, Ningbo Shimao Energy Co ranks worse than 79.45% on this metric.
During the past 12 months, Ningbo Shimao Energy Co's average Book Value Per Share Growth Rate was 4.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 16.30% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Ningbo Shimao Energy Co was 50.20% per year. The lowest was 5.80% per year. And the median was 30.20% 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.
* 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 Shimao Energy Co PB Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Ningbo Shimao Energy 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.
Ningbo Shimao Energy Co PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Ningbo Shimao Energy Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ningbo Shimao Energy Co'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.
Ningbo Shimao Energy Co (SHSE:605028) has a PB Ratio of 3.13 as of Aug. 01, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ningbo Shimao Energy Co and its competitors. This is 25% above median its historical median of 2.50. Over the past decade, Ningbo Shimao Energy Co's PB Ratio has ranged from 1.52 to 9.22. According to the industry distribution chart, Ningbo Shimao Energy Co ranks #344 out of 433 companies in the Utilities - Independent Power Producers industry, placing it in the top 79.4%.
Is Ningbo Shimao Energy Co's PB Ratio too high?
Ningbo Shimao Energy Co's current PB Ratio of 3.13 is 25% above median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 9.22. The Utilities - Independent Power Producers industry median PB Ratio is 1.28. Ningbo Shimao Energy Co's value of 3.13 is 144.5% above this industry median. Based on the distribution chart, Ningbo Shimao Energy Co ranks #344 out of 433 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Ningbo Shimao Energy Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Shimao Energy Co's PB Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Ningbo Shimao Energy Co ranks #344 out of 433 companies for PB Ratio. This places Ningbo Shimao Energy Co in the lower half of its industry. The industry median PB Ratio is 1.28. Ningbo Shimao Energy Co's value of 3.13 is 144.5% above this benchmark. Historically, Ningbo Shimao Energy Co's own PB Ratio has ranged from 1.52 to 9.22 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 1.28, Ningbo Shimao Energy 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 an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.28, based on 433 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 Shimao Energy Co's current PB Ratio of 3.13 is 144.5% 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 Ningbo Shimao Energy Co and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Shimao Energy Co's current PB Ratio is 3.13, which is 25% above median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Shimao Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Shimao Energy Co (SHSE:605028) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥14.83, compared to a current price of ¥26.90 — trading 81.4% above its estimated fair value. The current PB Ratio is 3.13, which is 25% above median its 10-year median of 2.50 and 144.5% above the Utilities - Independent Power Producers industry median of 1.28. Ningbo Shimao Energy Co's overall GF Score™ is 69/100 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 Ningbo Shimao Energy Co (SHSE:605028), the current PB Ratio is 3.13 as of Aug. 01, 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 Shimao Energy Co (SHSE:605028) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Shimao Energy Co stock appears to be overvalued.
The current stock price of ¥26.90 is trading 81.4% above its estimated GF Value™ of ¥14.83.
GuruFocus considers Ningbo Shimao Energy Co to be Significantly Overvalued.
Key valuation signals for SHSE:605028:
PB Ratio: 3.13 (25% above median its 10-year median of 2.50)
GF Value™: ¥14.83 vs. price of ¥26.90 (81.4% above fair value)
Industry Position: 144.5% above the Utilities - Independent Power Producers median (#344 of 433)
No single metric tells the full story. See the SHSE:605028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Shimao Energy Co Ltd is a cogeneration company with domestic waste and coal as the main raw materials. It provides central heating for the Sino-Italian Ningbo Ecological Park and the surrounding electroplating and food parks for the only regional cogeneration company in the area.
69GF Score
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