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DBAPPSecurity CoSHSE:688023 -5.90%72 PB Ratio is 1.57 as of Jul. 24, 2026, which is 64% below its 10-year median of 4.35. GuruFocus rates SHSE:688023 with a GF Score™ of 72/100 and a GF Value™ of ¥55.76 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,634 Software companies, DBAPPSecurity Co ranks better than 67.84% on this metric.
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. As of today (2026-07-24), DBAPPSecurity Co's share price is ¥34.28. DBAPPSecurity Co's Book Value per Share for the quarter that ended in Mar. 2026 was ¥21.90. Hence, DBAPPSecurity Co's PB Ratio of today is 1.57.
Good Sign:
DBAPPSecurity Co Ltd stock PB Ratio (=1.57) is close to 1-year low of 1.56.
The historical rank and industry rank for DBAPPSecurity Co's PB Ratio or its related term are showing as below:
SHSE:688023'
s PB Ratio Range Over the Past 10 Years
Min: 1.2 Med: 4.35 Max: 24.13
Current: 1.57
During the past 10 years, DBAPPSecurity Co's highest PB Ratio was 24.13. The lowest was 1.20. And the median was 4.35.
SHSE:688023's PB Ratio is ranked better than 67.84% of 2634
companies
in the Software industry
Industry Median: 2.345
vs SHSE:688023: 1.57
During the past 12 months, DBAPPSecurity Co's average Book Value Per Share Growth Rate was -8.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.00% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of DBAPPSecurity Co was 70.70% per year. The lowest was -6.80% per year. And the median was 20.80% per year.
Back to Basics: PB Ratio
DBAPPSecurity Co (SHSE:688023) 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.
DBAPPSecurity Co PB Ratio Related Terms
DBAPPSecurity Co PB Ratio Historical Data
* Premium members only.
The historical data trend for DBAPPSecurity Co's PB Ratio can be seen below:
* 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.
SHSE:688023 vs MSFT, ORCL, PLTR: PB Ratio Comparison
For the Software - Infrastructure subindustry, DBAPPSecurity 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.
DBAPPSecurity Co PB Ratio vs Software Industry
For the Software industry and Technology sector, DBAPPSecurity Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where DBAPPSecurity 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.
DBAPPSecurity Co (SHSE:688023) has a PB Ratio of 1.57 as of Jul. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on DBAPPSecurity Co and its competitors. This is 64% below median its historical median of 4.35. Over the past decade, DBAPPSecurity Co's PB Ratio has ranged from 1.20 to 24.13. According to the industry distribution chart, DBAPPSecurity Co ranks #847 out of 2634 companies in the Software industry, placing it in the top 32.2%.
Is DBAPPSecurity Co's PB Ratio too high?
DBAPPSecurity Co's current PB Ratio of 1.57 is 64% below median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 24.13. The Software industry median PB Ratio is 2.35. DBAPPSecurity Co's value of 1.57 is 33% below this industry median. Based on the distribution chart, DBAPPSecurity Co ranks #847 out of 2634 companies in the Software industry, which is above the industry midpoint. Overall, DBAPPSecurity Co has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DBAPPSecurity Co's PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, DBAPPSecurity Co ranks #847 out of 2634 companies for PB Ratio. This puts DBAPPSecurity Co in the upper half of its industry. The industry median PB Ratio is 2.35. DBAPPSecurity Co's value of 1.57 is 33% below this benchmark. Historically, DBAPPSecurity Co's own PB Ratio has ranged from 1.20 to 24.13 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 2.35, DBAPPSecurity Co has consistently been below 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 Software company?
The median PB Ratio among Software companies is 2.35, based on 2,634 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. DBAPPSecurity Co's current PB Ratio of 1.57 is 33% below 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 DBAPPSecurity Co and its competitors. For the Software industry, the median PB Ratio is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DBAPPSecurity Co's current PB Ratio is 1.57, which is 64% below median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DBAPPSecurity Co stock overvalued right now?
Based on GuruFocus' analysis, DBAPPSecurity Co (SHSE:688023) is currently considered Possible Value Trap. The stock's GF Value™ is ¥55.76, compared to a current price of ¥34.28 — trading 38.5% below its estimated fair value. The current PB Ratio is 1.57, which is 64% below median its 10-year median of 4.35 and 33% below the Software industry median of 2.35. DBAPPSecurity Co's overall GF Score™ is 72/100 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 DBAPPSecurity Co (SHSE:688023), the current PB Ratio is 1.57 as of Jul. 24, 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 DBAPPSecurity Co (SHSE:688023) Overvalued in 2026?
Based on GuruFocus' analysis, DBAPPSecurity Co stock appears to be undervalued.
The current stock price of ¥34.28 is trading 38.5% below its estimated GF Value™ of ¥55.76.
GuruFocus considers DBAPPSecurity Co to be Possible Value Trap.
Key valuation signals for SHSE:688023:
PB Ratio: 1.57 (64% below median its 10-year median of 4.35)
GF Value™: ¥55.76 vs. price of ¥34.28 (38.5% below fair value)
Industry Position: 33% below the Software median (#847 of 2634)
No single metric tells the full story. See the SHSE:688023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DBAPPSecurity Co Ltd is engaged in the development, production and sales of network information security products and provides customers with professional network information security services. The company's products and services cover applications such as Application Security, Big data Security, Cloud Security, IoT Security, Industrial Control Security, and Industrial Internet Security.
72GF Score
Get the complete analysis for SHSE:688023
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