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SHSE:688161's PB Ratio is ranked worse than 50.7% of 787
companies
in the Medical Devices & Instruments industry
Industry Median: 2.05
vs SHSE:688161: 2.07
During the past 12 months, Shandong Weigao Orthopaedic Device 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 -6.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.10% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Shandong Weigao Orthopaedic Device Co was 33.80% per year. The lowest was -6.10% per year. And the median was 7.40% per year.
Back to Basics: PB Ratio
Shandong Weigao Orthopaedic Device Co (SHSE:688161) 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.
Shandong Weigao Orthopaedic Device Co PB Ratio Related Terms
Shandong Weigao Orthopaedic Device 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.
Shandong Weigao Orthopaedic Device Co PB Ratio Chart
For the Medical Devices subindustry, Shandong Weigao Orthopaedic Device 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.
Shandong Weigao Orthopaedic Device Co PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Shandong Weigao Orthopaedic Device Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Shandong Weigao Orthopaedic Device Co's PB Ratio falls into.
Shandong Weigao Orthopaedic Device 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.
Shandong Weigao Orthopaedic Device Co (SHSE:688161) has a PB Ratio of 2.07 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shandong Weigao Orthopaedic Device Co and its competitors. This is 42% below median its historical median of 3.56. Over the past decade, Shandong Weigao Orthopaedic Device Co's PB Ratio has ranged from 1.92 to 8.99. According to the industry distribution chart, Shandong Weigao Orthopaedic Device Co ranks #399 out of 787 companies in the Medical Devices & Instruments industry, placing it in the top 50.7%.
Is Shandong Weigao Orthopaedic Device Co's PB Ratio too high?
Shandong Weigao Orthopaedic Device Co's current PB Ratio of 2.07 is 42% below median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 8.99. The Medical Devices & Instruments industry median PB Ratio is 2.05. Shandong Weigao Orthopaedic Device Co's value of 2.07 is 1% above this industry median. Based on the distribution chart, Shandong Weigao Orthopaedic Device Co ranks #399 out of 787 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Shandong Weigao Orthopaedic Device Co has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Weigao Orthopaedic Device Co's PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Shandong Weigao Orthopaedic Device Co ranks #399 out of 787 companies for PB Ratio. This places Shandong Weigao Orthopaedic Device Co in the lower half of its industry. The industry median PB Ratio is 2.05. Shandong Weigao Orthopaedic Device Co's value of 2.07 is 1% above this benchmark. Historically, Shandong Weigao Orthopaedic Device Co's own PB Ratio has ranged from 1.92 to 8.99 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 2.05, Shandong Weigao Orthopaedic Device 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 a Medical Devices & Instruments company?
The median PB Ratio among Medical Devices & Instruments companies is 2.05, based on 787 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. Shandong Weigao Orthopaedic Device Co's current PB Ratio of 2.07 is 1% 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 Shandong Weigao Orthopaedic Device Co and its competitors. For the Medical Devices & Instruments industry, the median PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Weigao Orthopaedic Device Co's current PB Ratio is 2.07, which is 42% below median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Weigao Orthopaedic Device Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Weigao Orthopaedic Device Co (SHSE:688161) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥32.43, compared to a current price of ¥21.76 — trading 32.9% below its estimated fair value. The current PB Ratio is 2.07, which is 42% below median its 10-year median of 3.56 and 1% above the Medical Devices & Instruments industry median of 2.05. Shandong Weigao Orthopaedic Device Co's overall GF Score™ is 74/100 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 Shandong Weigao Orthopaedic Device Co (SHSE:688161), the current PB Ratio is 2.07 as of Jul. 17, 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 Shandong Weigao Orthopaedic Device Co (SHSE:688161) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Weigao Orthopaedic Device Co stock appears to be undervalued.
The current stock price of ¥21.76 is trading 32.9% below its estimated GF Value™ of ¥32.43.
GuruFocus considers Shandong Weigao Orthopaedic Device Co to be Significantly Undervalued.
Key valuation signals for SHSE:688161:
PB Ratio: 2.07 (42% below median its 10-year median of 3.56)
GF Value™: ¥32.43 vs. price of ¥21.76 (32.9% below fair value)
Industry Position: 1% above the Medical Devices & Instruments median (#399 of 787)
No single metric tells the full story. See the SHSE:688161 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Weigao Orthopaedic Device Co Business Description
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