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Beijing New Space Technology CoSHSE:605178 -0.81%47 PB Ratio is 8.84 as of Jul. 16, 2026, which is 565% above its 10-year median of 1.33. GuruFocus rates SHSE:605178 with a GF Score™ of 47/100 and a GF Value™ of ¥27.47 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,983 Industrial Products companies, Beijing New Space Technology Co ranks worse than 91.12% on this metric.
The historical rank and industry rank for Beijing New Space Technology Co's PB Ratio or its related term are showing as below:
SHSE:605178'
s PB Ratio Range Over the Past 10 Years
Min: 0.72 Med: 1.33 Max: 10.78
Current: 8.84
During the past 12 years, Beijing New Space Technology Co's highest PB Ratio was 10.78. The lowest was 0.72. And the median was 1.33.
SHSE:605178's PB Ratio is ranked worse than 91.12% of 2983
companies
in the Industrial Products industry
Industry Median: 2.19
vs SHSE:605178: 8.84
During the past 12 months, Beijing New Space Technology Co's average Book Value Per Share Growth Rate was -14.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -15.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -12.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 21.30% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Beijing New Space Technology Co was 79.00% per year. The lowest was -15.00% per year. And the median was 34.50% per year.
Back to Basics: PB Ratio
Beijing New Space Technology Co (SHSE:605178) 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.
Beijing New Space Technology Co PB Ratio Related Terms
Beijing New Space Technology 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.
For the Electrical Equipment & Parts subindustry, Beijing New Space Technology 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.
Beijing New Space Technology Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Beijing New Space Technology Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Beijing New Space Technology Co's PB Ratio falls into.
Beijing New Space Technology 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.
Beijing New Space Technology Co (SHSE:605178) has a PB Ratio of 8.84 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Beijing New Space Technology Co and its competitors. This is 565% above median its historical median of 1.33. Over the past decade, Beijing New Space Technology Co's PB Ratio has ranged from 0.72 to 10.78. According to the industry distribution chart, Beijing New Space Technology Co ranks #2718 out of 2983 companies in the Industrial Products industry, placing it in the top 91.1%.
Is Beijing New Space Technology Co's PB Ratio too high?
Beijing New Space Technology Co's current PB Ratio of 8.84 is 565% above median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 10.78. The Industrial Products industry median PB Ratio is 2.19. Beijing New Space Technology Co's value of 8.84 is 303.7% above this industry median. Based on the distribution chart, Beijing New Space Technology Co ranks #2718 out of 2983 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Beijing New Space Technology Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Beijing New Space Technology Co's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Beijing New Space Technology Co ranks #2718 out of 2983 companies for PB Ratio. This places Beijing New Space Technology Co in the lower half of its industry. The industry median PB Ratio is 2.19. Beijing New Space Technology Co's value of 8.84 is 303.7% above this benchmark. Historically, Beijing New Space Technology Co's own PB Ratio has ranged from 0.72 to 10.78 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 2.19, Beijing New Space Technology 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 Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.19, based on 2,983 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. Beijing New Space Technology Co's current PB Ratio of 8.84 is 303.7% 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 Beijing New Space Technology Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beijing New Space Technology Co's current PB Ratio is 8.84, which is 565% above median its own 10-year median of 1.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beijing New Space Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Beijing New Space Technology Co (SHSE:605178) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥27.47, compared to a current price of ¥98.50 — trading 258.6% above its estimated fair value. The current PB Ratio is 8.84, which is 565% above median its 10-year median of 1.33 and 303.7% above the Industrial Products industry median of 2.19. Beijing New Space Technology Co's overall GF Score™ is 47/100 with 2 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 Beijing New Space Technology Co (SHSE:605178), the current PB Ratio is 8.84 as of Jul. 16, 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 Beijing New Space Technology Co (SHSE:605178) Overvalued in 2026?
Based on GuruFocus' analysis, Beijing New Space Technology Co stock appears to be overvalued.
The current stock price of ¥98.50 is trading 258.6% above its estimated GF Value™ of ¥27.47.
GuruFocus considers Beijing New Space Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:605178:
PB Ratio: 8.84 (565% above median its 10-year median of 1.33)
GF Value™: ¥27.47 vs. price of ¥98.50 (258.6% above fair value)
Industry Position: 303.7% above the Industrial Products median (#2718 of 2983)
No single metric tells the full story. See the SHSE:605178 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beijing New Space Technology Co Business Description
Beijing New Space Technology Co Ltd is engaged in technology research and development, consulting and services in the fields of smart city intelligent control systems, intelligent lighting, water fountains, software, computers, stage lighting and sound equipment; organizing cultural and artistic exchange activities (excluding performances); professional contracting of urban and road lighting projects, professional contracting of electronics and intelligent engineering; lighting engineering design; design of water feature fountains, fountain equipment, smart lighting control equipment, sales of lamps, electromechanical equipment, hardware and electronic equipment.
47GF Score
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