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The historical rank and industry rank for Ningbo PIA Automation Holding's PB Ratio or its related term are showing as below:
SHSE:688306'
s PB Ratio Range Over the Past 10 Years
Min: 2.33 Med: 3.52 Max: 14.52
Current: 6.15
During the past 9 years, Ningbo PIA Automation Holding's highest PB Ratio was 14.52. The lowest was 2.33. And the median was 3.52.
SHSE:688306's PB Ratio is ranked worse than 92.81% of 1294
companies
in the Vehicles & Parts industry
Industry Median: 1.37
vs SHSE:688306: 6.15
During the past 12 months, Ningbo PIA Automation Holding's average Book Value Per Share Growth Rate was -0.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 28.30% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Ningbo PIA Automation Holding was 54.40% per year. The lowest was -2.40% per year. And the median was 38.40% per year.
Back to Basics: PB Ratio
Ningbo PIA Automation Holding (SHSE:688306) 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.
Ningbo PIA Automation Holding PB Ratio Related Terms
Ningbo PIA Automation Holding 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 Auto Parts subindustry, Ningbo PIA Automation Holding'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 PIA Automation Holding PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo PIA Automation Holding's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ningbo PIA Automation Holding's PB Ratio falls into.
Ningbo PIA Automation Holding 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 PIA Automation Holding (SHSE:688306) has a PB Ratio of 6.14 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 Ningbo PIA Automation Holding and its competitors. This is 74% above median its historical median of 3.52. Over the past decade, Ningbo PIA Automation Holding's PB Ratio has ranged from 2.33 to 14.52. According to the industry distribution chart, Ningbo PIA Automation Holding ranks #1201 out of 1294 companies in the Vehicles & Parts industry, placing it in the top 92.8%.
Is Ningbo PIA Automation Holding's PB Ratio too high?
Ningbo PIA Automation Holding's current PB Ratio of 6.14 is 74% above median its 10-year median of 3.52. Over the past 10 years, this metric has ranged from a low of 2.33 to a high of 14.52. The Vehicles & Parts industry median PB Ratio is 1.37. Ningbo PIA Automation Holding's value of 6.14 is 348.2% above this industry median. Based on the distribution chart, Ningbo PIA Automation Holding ranks #1201 out of 1294 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Ningbo PIA Automation Holding has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo PIA Automation Holding's PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Ningbo PIA Automation Holding ranks #1201 out of 1294 companies for PB Ratio. This places Ningbo PIA Automation Holding in the lower half of its industry. The industry median PB Ratio is 1.37. Ningbo PIA Automation Holding's value of 6.14 is 348.2% above this benchmark. Historically, Ningbo PIA Automation Holding's own PB Ratio has ranged from 2.33 to 14.52 over the past decade. While the company's 10-year median is 3.52 vs. the industry median of 1.37, Ningbo PIA Automation Holding 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 Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.37, based on 1,294 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 PIA Automation Holding's current PB Ratio of 6.14 is 348.2% 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 PIA Automation Holding and its competitors. For the Vehicles & Parts industry, the median PB Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo PIA Automation Holding's current PB Ratio is 6.14, which is 74% above median its own 10-year median of 3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo PIA Automation Holding stock overvalued right now?
Based on GuruFocus' analysis, Ningbo PIA Automation Holding (SHSE:688306) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥7.86, compared to a current price of ¥8.74 — trading 11.2% above its estimated fair value. The current PB Ratio is 6.14, which is 74% above median its 10-year median of 3.52 and 348.2% above the Vehicles & Parts industry median of 1.37. Ningbo PIA Automation Holding's overall GF Score™ is 66/100 with 5 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 PIA Automation Holding (SHSE:688306), the current PB Ratio is 6.14 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 Ningbo PIA Automation Holding (SHSE:688306) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo PIA Automation Holding stock appears to be overvalued.
The current stock price of ¥8.74 is trading 11.2% above its estimated GF Value™ of ¥7.86.
GuruFocus considers Ningbo PIA Automation Holding to be Modestly Overvalued.
Key valuation signals for SHSE:688306:
PB Ratio: 6.14 (74% above median its 10-year median of 3.52)
GF Value™: ¥7.86 vs. price of ¥8.74 (11.2% above fair value)
Industry Position: 348.2% above the Vehicles & Parts median (#1201 of 1294)
No single metric tells the full story. See the SHSE:688306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo PIA Automation Holding Business Description
Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.
66GF Score
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