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SHSE:688683's PB Ratio is ranked worse than 77.79% of 1576
companies
in the Chemicals industry
Industry Median: 1.65
vs SHSE:688683: 3.28
During the past 12 months, GuangDong Leary New Material Technology Co's average Book Value Per Share Growth Rate was 14.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.50% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of GuangDong Leary New Material Technology Co was 28.30% per year. The lowest was 4.70% per year. And the median was 15.30% per year.
Back to Basics: PB Ratio
GuangDong Leary New Material Technology Co (SHSE:688683) 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 Leary New Material Technology Co PB Ratio Related Terms
GuangDong Leary New Material 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.
GuangDong Leary New Material Technology Co PB Ratio Chart
GuangDong Leary New Material Technology Co Annual Data
* 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 Leary New Material Technology Co PB Ratio vs Chemicals Industry
GuangDong Leary New Material 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 Leary New Material Technology Co (SHSE:688683) has a PB Ratio of 3.27 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 GuangDong Leary New Material Technology Co and its competitors. This is 14% below median its historical median of 3.80. Over the past decade, GuangDong Leary New Material Technology Co's PB Ratio has ranged from 1.97 to 6.09. According to the industry distribution chart, GuangDong Leary New Material Technology Co ranks #1226 out of 1576 companies in the Chemicals industry, placing it in the top 77.8%.
Is GuangDong Leary New Material Technology Co's PB Ratio too high?
GuangDong Leary New Material Technology Co's current PB Ratio of 3.27 is 14% below median its 10-year median of 3.80. Over the past 10 years, this metric has ranged from a low of 1.97 to a high of 6.09. The Chemicals industry median PB Ratio is 1.65. GuangDong Leary New Material Technology Co's value of 3.27 is 98.2% above this industry median. Based on the distribution chart, GuangDong Leary New Material Technology Co ranks #1226 out of 1576 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, GuangDong Leary New Material Technology Co has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GuangDong Leary New Material Technology Co's PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, GuangDong Leary New Material Technology Co ranks #1226 out of 1576 companies for PB Ratio. This places GuangDong Leary New Material Technology Co in the lower half of its industry. The industry median PB Ratio is 1.65. GuangDong Leary New Material Technology Co's value of 3.27 is 98.2% above this benchmark. Historically, GuangDong Leary New Material Technology Co's own PB Ratio has ranged from 1.97 to 6.09 over the past decade. While the company's 10-year median is 3.80 vs. the industry median of 1.65, GuangDong Leary New Material 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 a Chemicals company?
The median PB Ratio among Chemicals companies is 1.65, based on 1,576 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 Leary New Material Technology Co's current PB Ratio of 3.27 is 98.2% 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 GuangDong Leary New Material Technology Co and its competitors. For the Chemicals industry, the median PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GuangDong Leary New Material Technology Co's current PB Ratio is 3.27, which is 14% below median its own 10-year median of 3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GuangDong Leary New Material Technology Co stock overvalued right now?
Based on GuruFocus' analysis, GuangDong Leary New Material Technology Co (SHSE:688683) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥49.21, compared to a current price of ¥24.57 — trading 50.1% below its estimated fair value. The current PB Ratio is 3.27, which is 14% below median its 10-year median of 3.80 and 98.2% above the Chemicals industry median of 1.65. GuangDong Leary New Material Technology Co's overall GF Score™ is 73/100 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 Leary New Material Technology Co (SHSE:688683), the current PB Ratio is 3.27 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 GuangDong Leary New Material Technology Co (SHSE:688683) Overvalued in 2026?
Based on GuruFocus' analysis, GuangDong Leary New Material Technology Co stock appears to be undervalued.
The current stock price of ¥24.57 is trading 50.1% below its estimated GF Value™ of ¥49.21.
GuruFocus considers GuangDong Leary New Material Technology Co to be Significantly Undervalued.
Key valuation signals for SHSE:688683:
PB Ratio: 3.27 (14% below median its 10-year median of 3.80)
GF Value™: ¥49.21 vs. price of ¥24.57 (50.1% below fair value)
Industry Position: 98.2% above the Chemicals median (#1226 of 1576)
No single metric tells the full story. See the SHSE:688683 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GuangDong Leary New Material Technology Co Business Description
GuangDong Leary New Material Technology Co Ltd is engaged in the research and development, production and sales of functional coating film materials and downstream application products.
73GF Score
Get the complete analysis for SHSE:688683
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