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Qingdao Gaoce Technology CoSHSE:688556 -7.87%92 PB Ratio is 1.67 as of Jul. 20, 2026, which is 51% below its 10-year median of 3.41. GuruFocus rates SHSE:688556 with a GF Score™ of 92/100 and a GF Value™ of ¥8.57 (Fairly Valued). The stock has 8 warning signs investors should review. Among 2,981 Industrial Products companies, Qingdao Gaoce Technology Co ranks better than 59.85% on this metric.
Qingdao Gaoce Technology Co Ltd stock PB Ratio (=1.82) is close to 1-year low of 1.82.
The historical rank and industry rank for Qingdao Gaoce Technology Co's PB Ratio or its related term are showing as below:
SHSE:688556'
s PB Ratio Range Over the Past 10 Years
Min: 1.24 Med: 3.41 Max: 18.59
Current: 1.67
During the past 13 years, Qingdao Gaoce Technology Co's highest PB Ratio was 18.59. The lowest was 1.24. And the median was 3.41.
SHSE:688556's PB Ratio is ranked better than 59.85% of 2981
companies
in the Industrial Products industry
Industry Median: 2.1
vs SHSE:688556: 1.67
During the past 12 months, Qingdao Gaoce Technology Co's average Book Value Per Share Growth Rate was -0.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 33.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 39.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Qingdao Gaoce Technology Co was 70.40% per year. The lowest was 18.00% per year. And the median was 44.75% per year.
Back to Basics: PB Ratio
Qingdao Gaoce Technology Co (SHSE:688556) 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.
Qingdao Gaoce Technology Co PB Ratio Related Terms
Qingdao Gaoce 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 Specialty Industrial Machinery subindustry, Qingdao Gaoce 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.
Qingdao Gaoce Technology Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Qingdao Gaoce Technology Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Qingdao Gaoce Technology 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.
Qingdao Gaoce Technology Co (SHSE:688556) has a PB Ratio of 1.67 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 Qingdao Gaoce Technology Co and its competitors. This is 51% below median its historical median of 3.41. Over the past decade, Qingdao Gaoce Technology Co's PB Ratio has ranged from 1.24 to 18.59. According to the industry distribution chart, Qingdao Gaoce Technology Co ranks #1197 out of 2981 companies in the Industrial Products industry, placing it in the top 40.2%.
Is Qingdao Gaoce Technology Co's PB Ratio too high?
Qingdao Gaoce Technology Co's current PB Ratio of 1.67 is 51% below median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 18.59. The Industrial Products industry median PB Ratio is 2.10. Qingdao Gaoce Technology Co's value of 1.67 is 20.5% below this industry median. Based on the distribution chart, Qingdao Gaoce Technology Co ranks #1197 out of 2981 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Qingdao Gaoce Technology Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qingdao Gaoce Technology Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Qingdao Gaoce Technology Co ranks #1197 out of 2981 companies for PB Ratio. This puts Qingdao Gaoce Technology Co in the upper half of its industry. The industry median PB Ratio is 2.10. Qingdao Gaoce Technology Co's value of 1.67 is 20.5% below this benchmark. Historically, Qingdao Gaoce Technology Co's own PB Ratio has ranged from 1.24 to 18.59 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 2.10, Qingdao Gaoce Technology 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.10, 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. Qingdao Gaoce Technology Co's current PB Ratio of 1.67 is 20.5% 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 Qingdao Gaoce Technology Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qingdao Gaoce Technology Co's current PB Ratio is 1.67, which is 51% below median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qingdao Gaoce Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Qingdao Gaoce Technology Co (SHSE:688556) is currently considered Fairly Valued. The stock's GF Value™ is ¥8.57, compared to a current price of ¥7.84 — trading 8.5% below its estimated fair value. The current PB Ratio is 1.67, which is 51% below median its 10-year median of 3.41 and 20.5% below the Industrial Products industry median of 2.10. Qingdao Gaoce Technology Co's overall GF Score™ is 92/100 with 8 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 Qingdao Gaoce Technology Co (SHSE:688556), the current PB Ratio is 1.67 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 Qingdao Gaoce Technology Co (SHSE:688556) Overvalued in 2026?
Based on GuruFocus' analysis, Qingdao Gaoce Technology Co stock appears to be undervalued.
The current stock price of ¥7.84 is trading 8.5% below its estimated GF Value™ of ¥8.57.
GuruFocus considers Qingdao Gaoce Technology Co to be Fairly Valued.
Key valuation signals for SHSE:688556:
PB Ratio: 1.67 (51% below median its 10-year median of 3.41)
GF Value™: ¥8.57 vs. price of ¥7.84 (8.5% below fair value)
Industry Position: 20.5% below the Industrial Products median (#1197 of 2981)
No single metric tells the full story. See the SHSE:688556 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qingdao Gaoce Technology Co Ltd is engaged in the research and development, production and sales of cutting equipment for hard and brittle materials and cutting tools. The products are mainly used on silicon wafer for photovoltaic industry.
92GF Score
Get the complete analysis for SHSE:688556
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