Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
SHSE:688345'
s PB Ratio Range Over the Past 10 Years
Min: 1.17 Med: 3.17 Max: 17.68
Current: 3.72
During the past 9 years, Guangdong Greenway Technology Co's highest PB Ratio was 17.68. The lowest was 1.17. And the median was 3.17.
SHSE:688345's PB Ratio is ranked worse than 72.12% of 2981
companies
in the Industrial Products industry
Industry Median: 2.11
vs SHSE:688345: 3.72
During the past 12 months, Guangdong Greenway Technology Co's average Book Value Per Share Growth Rate was 10.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.80% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Guangdong Greenway Technology Co was 52.60% per year. The lowest was -3.00% per year. And the median was 30.25% per year.
Back to Basics: PB Ratio
Guangdong Greenway Technology Co (SHSE:688345) 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.
Guangdong Greenway Technology Co PB Ratio Related Terms
Guangdong Greenway 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, Guangdong Greenway 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.
Guangdong Greenway Technology Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Guangdong Greenway Technology Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Guangdong Greenway Technology Co's PB Ratio falls into.
Guangdong Greenway 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.
Guangdong Greenway Technology Co (SHSE:688345) has a PB Ratio of 3.72 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Guangdong Greenway Technology Co and its competitors. This is 17% above median its historical median of 3.17. Over the past decade, Guangdong Greenway Technology Co's PB Ratio has ranged from 1.17 to 17.68. According to the industry distribution chart, Guangdong Greenway Technology Co ranks #2150 out of 2981 companies in the Industrial Products industry, placing it in the top 72.1%.
Is Guangdong Greenway Technology Co's PB Ratio too high?
Guangdong Greenway Technology Co's current PB Ratio of 3.72 is 17% above median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 17.68. The Industrial Products industry median PB Ratio is 2.11. Guangdong Greenway Technology Co's value of 3.72 is 76.3% above this industry median. Based on the distribution chart, Guangdong Greenway Technology Co ranks #2150 out of 2981 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Guangdong Greenway Technology Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guangdong Greenway Technology Co's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Guangdong Greenway Technology Co ranks #2150 out of 2981 companies for PB Ratio. This places Guangdong Greenway Technology Co in the lower half of its industry. The industry median PB Ratio is 2.11. Guangdong Greenway Technology Co's value of 3.72 is 76.3% above this benchmark. Historically, Guangdong Greenway Technology Co's own PB Ratio has ranged from 1.17 to 17.68 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 2.11, Guangdong Greenway 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 2.11, based on 2,981 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. Guangdong Greenway Technology Co's current PB Ratio of 3.72 is 76.3% 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 Guangdong Greenway Technology Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Greenway Technology Co's current PB Ratio is 3.72, which is 17% above median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Greenway Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Guangdong Greenway Technology Co (SHSE:688345) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥35.35, compared to a current price of ¥43.24 — trading 22.3% above its estimated fair value. The current PB Ratio is 3.72, which is 17% above median its 10-year median of 3.17 and 76.3% above the Industrial Products industry median of 2.11. Guangdong Greenway Technology Co's overall GF Score™ is 71/100 with 6 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 Guangdong Greenway Technology Co (SHSE:688345), the current PB Ratio is 3.72 as of Jul. 19, 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 Guangdong Greenway Technology Co (SHSE:688345) Overvalued in 2026?
Based on GuruFocus' analysis, Guangdong Greenway Technology Co stock appears to be overvalued.
The current stock price of ¥43.24 is trading 22.3% above its estimated GF Value™ of ¥35.35.
GuruFocus considers Guangdong Greenway Technology Co to be Modestly Overvalued.
Key valuation signals for SHSE:688345:
PB Ratio: 3.72 (17% above median its 10-year median of 3.17)
GF Value™: ¥35.35 vs. price of ¥43.24 (22.3% above fair value)
Industry Position: 76.3% above the Industrial Products median (#2150 of 2981)
No single metric tells the full story. See the SHSE:688345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guangdong Greenway Technology Co Business Description
Guangdong Greenway Technology Co Ltd is engaged in the research and development, manufacturing and sales of lithium-ion batteries. It offers products such as electric motorcycle battery, two wheeled battery, LEV battery, lithium battery and others.
71GF Score
Get the complete analysis for SHSE:688345
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:688345 has been successfully added to your 
