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Wave Cyber (Shanghai) CoSHSE:688718 +0.97%80 PB Ratio is 2.46 as of Jul. 21, 2026, which is 28% below its 10-year median of 3.43. GuruFocus rates SHSE:688718 with a GF Score™ of 80/100 and a GF Value™ of ¥15.03 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 226 Waste Management companies, Wave Cyber (Shanghai) Co ranks worse than 69.03% on this metric.
Wave Cyber (Shanghai) Co Ltd stock PB Ratio (=2.69) is close to 1-year low of 2.69.
The historical rank and industry rank for Wave Cyber (Shanghai) Co's PB Ratio or its related term are showing as below:
SHSE:688718'
s PB Ratio Range Over the Past 10 Years
Min: 1.71 Med: 3.43 Max: 11.96
Current: 2.47
During the past 9 years, Wave Cyber (Shanghai) Co's highest PB Ratio was 11.96. The lowest was 1.71. And the median was 3.43.
SHSE:688718's PB Ratio is ranked worse than 69.03% of 226
companies
in the Waste Management industry
Industry Median: 1.56
vs SHSE:688718: 2.47
During the past 12 months, Wave Cyber (Shanghai) Co's average Book Value Per Share Growth Rate was 3.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.10% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Wave Cyber (Shanghai) Co was 12.30% per year. The lowest was 3.60% per year. And the median was 8.90% per year.
Back to Basics: PB Ratio
Wave Cyber (Shanghai) Co (SHSE:688718) 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.
For the Waste Management subindustry, Wave Cyber (Shanghai) 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.
Wave Cyber (Shanghai) Co PB Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Wave Cyber (Shanghai) Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Wave Cyber (Shanghai) 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.
Wave Cyber (Shanghai) Co (SHSE:688718) has a PB Ratio of 2.46 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Wave Cyber (Shanghai) Co and its competitors. This is 28% below median its historical median of 3.43. Over the past decade, Wave Cyber (Shanghai) Co's PB Ratio has ranged from 1.71 to 11.96. According to the industry distribution chart, Wave Cyber (Shanghai) Co ranks #156 out of 226 companies in the Waste Management industry, placing it in the top 69%.
Is Wave Cyber (Shanghai) Co's PB Ratio too high?
Wave Cyber (Shanghai) Co's current PB Ratio of 2.46 is 28% below median its 10-year median of 3.43. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 11.96. The Waste Management industry median PB Ratio is 1.56. Wave Cyber (Shanghai) Co's value of 2.46 is 57.7% above this industry median. Based on the distribution chart, Wave Cyber (Shanghai) Co ranks #156 out of 226 companies in the Waste Management industry, which is below the industry midpoint. Overall, Wave Cyber (Shanghai) Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wave Cyber (Shanghai) Co's PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Wave Cyber (Shanghai) Co ranks #156 out of 226 companies for PB Ratio. This places Wave Cyber (Shanghai) Co in the lower half of its industry. The industry median PB Ratio is 1.56. Wave Cyber (Shanghai) Co's value of 2.46 is 57.7% above this benchmark. Historically, Wave Cyber (Shanghai) Co's own PB Ratio has ranged from 1.71 to 11.96 over the past decade. While the company's 10-year median is 3.43 vs. the industry median of 1.56, Wave Cyber (Shanghai) 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 Waste Management company?
The median PB Ratio among Waste Management companies is 1.56, based on 226 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. Wave Cyber (Shanghai) Co's current PB Ratio of 2.46 is 57.7% 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 Wave Cyber (Shanghai) Co and its competitors. For the Waste Management industry, the median PB Ratio is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wave Cyber (Shanghai) Co's current PB Ratio is 2.46, which is 28% below median its own 10-year median of 3.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Cyber (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co (SHSE:688718) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.03, compared to a current price of ¥11.44 — trading 23.9% below its estimated fair value. The current PB Ratio is 2.46, which is 28% below median its 10-year median of 3.43 and 57.7% above the Waste Management industry median of 1.56. Wave Cyber (Shanghai) Co's overall GF Score™ is 80/100 with 3 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 Wave Cyber (Shanghai) Co (SHSE:688718), the current PB Ratio is 2.46 as of Jul. 21, 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 Wave Cyber (Shanghai) Co (SHSE:688718) Overvalued in 2026?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co stock appears to be undervalued.
The current stock price of ¥11.44 is trading 23.9% below its estimated GF Value™ of ¥15.03.
GuruFocus considers Wave Cyber (Shanghai) Co to be Modestly Undervalued.
Key valuation signals for SHSE:688718:
PB Ratio: 2.46 (28% below median its 10-year median of 3.43)
GF Value™: ¥15.03 vs. price of ¥11.44 (23.9% below fair value)
Industry Position: 57.7% above the Waste Management median (#156 of 226)
No single metric tells the full story. See the SHSE:688718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wave Cyber (Shanghai) Co Ltd is a manufacturer of components for the residential, commercial, industrial and municipal water treatment industries. The products include full lines of fiberglass pressure tanks, brine tanks/cabinets, membrane pressure vessels and others.
80GF Score
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