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.
Arctech Solar Holding CoSHSE:688408 -1.05%76 PB Ratio is 1.32 as of Jul. 20, 2026, which is 70% below its 10-year median of 4.44. GuruFocus rates SHSE:688408 with a GF Score™ of 76/100 and a GF Value™ of ¥49.46 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 998 Semiconductors companies, Arctech Solar Holding Co ranks better than 79.86% on this metric.
Arctech Solar Holding Co Ltd stock PB Ratio (=1.33) is close to 10-year low of 1.33.
The historical rank and industry rank for Arctech Solar Holding Co's PB Ratio or its related term are showing as below:
SHSE:688408'
s PB Ratio Range Over the Past 10 Years
Min: 1.28 Med: 4.44 Max: 14.79
Current: 1.32
During the past 10 years, Arctech Solar Holding Co's highest PB Ratio was 14.79. The lowest was 1.28. And the median was 4.44.
SHSE:688408's PB Ratio is ranked better than 79.86% of 998
companies
in the Semiconductors industry
Industry Median: 3.14
vs SHSE:688408: 1.32
During the past 12 months, Arctech Solar Holding Co's average Book Value Per Share Growth Rate was -10.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.40% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Arctech Solar Holding Co was 41.30% per year. The lowest was 4.10% per year. And the median was 28.10% per year.
Back to Basics: PB Ratio
Arctech Solar Holding Co (SHSE:688408) 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.
* 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:688408 vs FSLR, NXT, ENPH: PB Ratio Comparison
For the Solar subindustry, Arctech Solar Holding 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.
Arctech Solar Holding Co PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Arctech Solar Holding Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Arctech Solar Holding 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.
Arctech Solar Holding Co (SHSE:688408) has a PB Ratio of 1.32 as of Jul. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Arctech Solar Holding Co and its competitors. This is 70% below median its historical median of 4.44. Over the past decade, Arctech Solar Holding Co's PB Ratio has ranged from 1.28 to 14.79. According to the industry distribution chart, Arctech Solar Holding Co ranks #201 out of 998 companies in the Semiconductors industry, placing it in the top 20.1%.
Is Arctech Solar Holding Co's PB Ratio too high?
Arctech Solar Holding Co's current PB Ratio of 1.32 is 70% below median its 10-year median of 4.44. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 14.79. The Semiconductors industry median PB Ratio is 3.14. Arctech Solar Holding Co's value of 1.32 is 58% below this industry median. Based on the distribution chart, Arctech Solar Holding Co ranks #201 out of 998 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Arctech Solar Holding Co has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arctech Solar Holding Co's PB Ratio compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Arctech Solar Holding Co ranks #201 out of 998 companies for PB Ratio. This places Arctech Solar Holding Co in the top 20% of its industry — outperforming the majority of peers. The industry median PB Ratio is 3.14. Arctech Solar Holding Co's value of 1.32 is 58% below this benchmark. Historically, Arctech Solar Holding Co's own PB Ratio has ranged from 1.28 to 14.79 over the past decade. While the company's 10-year median is 4.44 vs. the industry median of 3.14, Arctech Solar Holding 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.14, based on 998 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. Arctech Solar Holding Co's current PB Ratio of 1.32 is 58% 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 Arctech Solar Holding Co and its competitors. For the Semiconductors industry, the median PB Ratio is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arctech Solar Holding Co's current PB Ratio is 1.32, which is 70% below median its own 10-year median of 4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arctech Solar Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Arctech Solar Holding Co (SHSE:688408) is currently considered Possible Value Trap. The stock's GF Value™ is ¥49.46, compared to a current price of ¥24.44 — trading 50.6% below its estimated fair value. The current PB Ratio is 1.32, which is 70% below median its 10-year median of 4.44 and 58% below the Semiconductors industry median of 3.14. Arctech Solar Holding Co's overall GF Score™ is 76/100 with 9 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 Arctech Solar Holding Co (SHSE:688408), the current PB Ratio is 1.32 as of Jul. 20, 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 Arctech Solar Holding Co (SHSE:688408) Overvalued in 2026?
Based on GuruFocus' analysis, Arctech Solar Holding Co stock appears to be undervalued.
The current stock price of ¥24.44 is trading 50.6% below its estimated GF Value™ of ¥49.46.
GuruFocus considers Arctech Solar Holding Co to be Possible Value Trap.
Key valuation signals for SHSE:688408:
PB Ratio: 1.32 (70% below median its 10-year median of 4.44)
GF Value™: ¥49.46 vs. price of ¥24.44 (50.6% below fair value)
Industry Position: 58% below the Semiconductors median (#201 of 998)
No single metric tells the full story. See the SHSE:688408 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arctech Solar Holding Co Ltd is engaged in design, production and sales of photovoltaic brackets. The company manufacturers and provides solutions for solar tracking and racking systems for utilities, commercial, industrial and residential projects. Its products under Tracker include Skyline Tracking System; SkySmart Tracking System; Arctracker Pro with tilted modules; Tilt single axis tracker; and products under Mounting structure include Seasonal Tilt; Dual Pole Solutions; and Single Pole Solutions.
76GF Score
Get the complete analysis for SHSE:688408
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:688408 has been successfully added to your 
