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Luster LightTech CoSHSE:688400 -4.16%83 PB Ratio is 3.52 as of Jul. 24, 2026, which is 6% above its 10-year median of 3.31. GuruFocus rates SHSE:688400 with a GF Score™ of 83/100 and a GF Value™ of ¥36.09 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 2,982 Industrial Products companies, Luster LightTech Co ranks worse than 70.76% on this metric.
The historical rank and industry rank for Luster LightTech Co's PB Ratio or its related term are showing as below:
SHSE:688400'
s PB Ratio Range Over the Past 10 Years
Min: 1.65 Med: 3.31 Max: 6
Current: 3.52
During the past 8 years, Luster LightTech Co's highest PB Ratio was 6.00. The lowest was 1.65. And the median was 3.31.
SHSE:688400's PB Ratio is ranked worse than 70.76% of 2982
companies
in the Industrial Products industry
Industry Median: 2.12
vs SHSE:688400: 3.52
During the past 12 months, Luster LightTech Co's average Book Value Per Share Growth Rate was 39.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 20.80% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Luster LightTech Co was 63.30% per year. The lowest was 3.20% per year. And the median was 32.50% per year.
Back to Basics: PB Ratio
Luster LightTech Co (SHSE:688400) 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.
Luster LightTech Co PB Ratio Related Terms
Luster LightTech Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Luster LightTech 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.
For the Specialty Industrial Machinery subindustry, Luster LightTech 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.
Luster LightTech Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Luster LightTech Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Luster LightTech 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.
Luster LightTech Co (SHSE:688400) has a PB Ratio of 3.52 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 Luster LightTech Co and its competitors. This is near median its historical median of 3.31. Over the past decade, Luster LightTech Co's PB Ratio has ranged from 1.65 to 6.00. According to the industry distribution chart, Luster LightTech Co ranks #2110 out of 2982 companies in the Industrial Products industry, placing it in the top 70.8%.
Is Luster LightTech Co's PB Ratio too high?
Luster LightTech Co's current PB Ratio of 3.52 is near median its 10-year median of 3.31. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 6.00. The Industrial Products industry median PB Ratio is 2.12. Luster LightTech Co's value of 3.52 is 66% above this industry median. Based on the distribution chart, Luster LightTech Co ranks #2110 out of 2982 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Luster LightTech Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Luster LightTech Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Luster LightTech Co ranks #2110 out of 2982 companies for PB Ratio. This places Luster LightTech Co in the lower half of its industry. The industry median PB Ratio is 2.12. Luster LightTech Co's value of 3.52 is 66% above this benchmark. Historically, Luster LightTech Co's own PB Ratio has ranged from 1.65 to 6.00 over the past decade. While the company's 10-year median is 3.31 vs. the industry median of 2.12, Luster LightTech 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 2.12, based on 2,982 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. Luster LightTech Co's current PB Ratio of 3.52 is 66% 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 Luster LightTech Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Luster LightTech Co's current PB Ratio is 3.52, which is near median its own 10-year median of 3.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luster LightTech Co stock overvalued right now?
Based on GuruFocus' analysis, Luster LightTech Co (SHSE:688400) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥36.09, compared to a current price of ¥41.91 — trading 16.1% above its estimated fair value. The current PB Ratio is 3.52, which is near median its 10-year median of 3.31 and 66% above the Industrial Products industry median of 2.12. Luster LightTech Co's overall GF Score™ is 83/100 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 Luster LightTech Co (SHSE:688400), the current PB Ratio is 3.52 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 Luster LightTech Co (SHSE:688400) Overvalued in 2026?
Based on GuruFocus' analysis, Luster LightTech Co stock appears to be overvalued.
The current stock price of ¥41.91 is trading 16.1% above its estimated GF Value™ of ¥36.09.
GuruFocus considers Luster LightTech Co to be Modestly Overvalued.
Key valuation signals for SHSE:688400:
PB Ratio: 3.52 (near median its 10-year median of 3.31)
GF Value™: ¥36.09 vs. price of ¥41.91 (16.1% above fair value)
Industry Position: 66% above the Industrial Products median (#2110 of 2982)
No single metric tells the full story. See the SHSE:688400 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Luster LightTech Co Ltd is based on optical technology innovation, and develops business around machine vision and fiber optics. The company has four product lines: intelligent equipment and smart factories, serving multiple fields such as consumer electronics, new energy, printing and packaging, and new display.
83GF Score
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