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The historical rank and industry rank for Neway CNC Equipment (Suzhou) Co's PB Ratio or its related term are showing as below:
SHSE:688697'
s PB Ratio Range Over the Past 10 Years
Min: 2.65 Med: 4.02 Max: 12.87
Current: 4.1
During the past 9 years, Neway CNC Equipment (Suzhou) Co's highest PB Ratio was 12.87. The lowest was 2.65. And the median was 4.02.
SHSE:688697's PB Ratio is ranked worse than 73.57% of 2985
companies
in the Industrial Products industry
Industry Median: 2.18
vs SHSE:688697: 4.10
During the past 12 months, Neway CNC Equipment (Suzhou) Co's average Book Value Per Share Growth Rate was 6.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 19.50% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Neway CNC Equipment (Suzhou) Co was 43.80% per year. The lowest was 9.20% per year. And the median was 28.10% per year.
Back to Basics: PB Ratio
Neway CNC Equipment (Suzhou) Co (SHSE:688697) 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.
Neway CNC Equipment (Suzhou) Co PB Ratio Related Terms
Neway CNC Equipment (Suzhou) 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, Neway CNC Equipment (Suzhou) 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.
Neway CNC Equipment (Suzhou) Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Neway CNC Equipment (Suzhou) Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Neway CNC Equipment (Suzhou) Co's PB Ratio falls into.
Neway CNC Equipment (Suzhou) 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.
Neway CNC Equipment (Suzhou) Co (SHSE:688697) has a PB Ratio of 4.10 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Neway CNC Equipment (Suzhou) Co and its competitors. This is near median its historical median of 4.02. Over the past decade, Neway CNC Equipment (Suzhou) Co's PB Ratio has ranged from 2.65 to 12.87. According to the industry distribution chart, Neway CNC Equipment (Suzhou) Co ranks #2196 out of 2985 companies in the Industrial Products industry, placing it in the top 73.6%.
Is Neway CNC Equipment (Suzhou) Co's PB Ratio too high?
Neway CNC Equipment (Suzhou) Co's current PB Ratio of 4.10 is near median its 10-year median of 4.02. Over the past 10 years, this metric has ranged from a low of 2.65 to a high of 12.87. The Industrial Products industry median PB Ratio is 2.18. Neway CNC Equipment (Suzhou) Co's value of 4.10 is 88.1% above this industry median. Based on the distribution chart, Neway CNC Equipment (Suzhou) Co ranks #2196 out of 2985 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Neway CNC Equipment (Suzhou) Co has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Neway CNC Equipment (Suzhou) Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Neway CNC Equipment (Suzhou) Co ranks #2196 out of 2985 companies for PB Ratio. This places Neway CNC Equipment (Suzhou) Co in the lower half of its industry. The industry median PB Ratio is 2.18. Neway CNC Equipment (Suzhou) Co's value of 4.10 is 88.1% above this benchmark. Historically, Neway CNC Equipment (Suzhou) Co's own PB Ratio has ranged from 2.65 to 12.87 over the past decade. While the company's 10-year median is 4.02 vs. the industry median of 2.18, Neway CNC Equipment (Suzhou) 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 2.18, based on 2,985 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. Neway CNC Equipment (Suzhou) Co's current PB Ratio of 4.10 is 88.1% 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 Neway CNC Equipment (Suzhou) Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neway CNC Equipment (Suzhou) Co's current PB Ratio is 4.10, which is near median its own 10-year median of 4.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neway CNC Equipment (Suzhou) Co stock overvalued right now?
Based on GuruFocus' analysis, Neway CNC Equipment (Suzhou) Co (SHSE:688697) is currently considered Fairly Valued. The stock's GF Value™ is ¥13.00, compared to a current price of ¥12.27 — trading 5.6% below its estimated fair value. The current PB Ratio is 4.10, which is near median its 10-year median of 4.02 and 88.1% above the Industrial Products industry median of 2.18. Neway CNC Equipment (Suzhou) Co's overall GF Score™ is 93/100 with 2 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 Neway CNC Equipment (Suzhou) Co (SHSE:688697), the current PB Ratio is 4.10 as of Jul. 13, 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 Neway CNC Equipment (Suzhou) Co (SHSE:688697) Overvalued in 2026?
Based on GuruFocus' analysis, Neway CNC Equipment (Suzhou) Co stock appears to be undervalued.
The current stock price of ¥12.27 is trading 5.6% below its estimated GF Value™ of ¥13.00.
GuruFocus considers Neway CNC Equipment (Suzhou) Co to be Fairly Valued.
Key valuation signals for SHSE:688697:
PB Ratio: 4.10 (near median its 10-year median of 4.02)
GF Value™: ¥13.00 vs. price of ¥12.27 (5.6% below fair value)
Industry Position: 88.1% above the Industrial Products median (#2196 of 2985)
No single metric tells the full story. See the SHSE:688697 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neway CNC Equipment (Suzhou) Co Business Description
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