SHSE:688981's PB Ratio is ranked worse than 50.1% of 1000
companies
in the Semiconductors industry
Industry Median: 3.765
vs SHSE:688981: 3.78
During the past 12 months, Semiconductor Manufacturing International's average Book Value Per Share Growth Rate was 4.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Semiconductor Manufacturing International was 25.10% per year. The lowest was -0.90% per year. And the median was 8.30% per year.
Back to Basics: PB Ratio
Semiconductor Manufacturing International (SHSE:688981) 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.
Semiconductor Manufacturing International PB Ratio Related Terms
Semiconductor Manufacturing International 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.
Semiconductor Manufacturing International PB Ratio Chart
Semiconductor Manufacturing International Annual Data
SHSE:688981 vs NVDA, AVGO, MU: PB Ratio Comparison
For the Semiconductors subindustry, Semiconductor Manufacturing International'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.
Semiconductor Manufacturing International PB Ratio vs Semiconductors Industry
Semiconductor Manufacturing International 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.
Semiconductor Manufacturing International (SHSE:688981) has a PB Ratio of 7.98 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Semiconductor Manufacturing International and its competitors. This is 560% above median its historical median of 1.21. Over the past decade, Semiconductor Manufacturing International's PB Ratio has ranged from 0.64 to 4.39. According to the industry distribution chart, Semiconductor Manufacturing International ranks #501 out of 1000 companies in the Semiconductors industry, placing it in the top 50.1%.
Is Semiconductor Manufacturing International's PB Ratio too high?
Semiconductor Manufacturing International's current PB Ratio of 7.98 is 560% above median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 4.39. The Semiconductors industry median PB Ratio is 3.77. Semiconductor Manufacturing International's value of 7.98 is 112% above this industry median. Based on the distribution chart, Semiconductor Manufacturing International ranks #501 out of 1000 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Semiconductor Manufacturing International has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Semiconductor Manufacturing International's PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Semiconductor Manufacturing International ranks #501 out of 1000 companies for PB Ratio. This places Semiconductor Manufacturing International in the lower half of its industry. The industry median PB Ratio is 3.77. Semiconductor Manufacturing International's value of 7.98 is 112% above this benchmark. Historically, Semiconductor Manufacturing International's own PB Ratio has ranged from 0.64 to 4.39 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 3.77, Semiconductor Manufacturing International 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.77, based on 1,000 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. Semiconductor Manufacturing International's current PB Ratio of 7.98 is 112% 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 Semiconductor Manufacturing International and its competitors. For the Semiconductors industry, the median PB Ratio is 3.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Semiconductor Manufacturing International's current PB Ratio is 7.98, which is 560% above median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Semiconductor Manufacturing International stock overvalued right now?
Based on GuruFocus' analysis, Semiconductor Manufacturing International (SHSE:688981) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥69.60, compared to a current price of ¥148.76 — trading 113.7% above its estimated fair value. The current PB Ratio is 7.98, which is 560% above median its 10-year median of 1.21 and 112% above the Semiconductors industry median of 3.77. Semiconductor Manufacturing International's overall GF Score™ is 77/100 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 Semiconductor Manufacturing International (SHSE:688981), the current PB Ratio is 7.98 as of Jun. 27, 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 Semiconductor Manufacturing International (SHSE:688981) Overvalued in 2026?
Based on GuruFocus' analysis, Semiconductor Manufacturing International stock appears to be overvalued.
The current stock price of ¥148.76 is trading 113.7% above its estimated GF Value™ of ¥69.60.
GuruFocus considers Semiconductor Manufacturing International to be Significantly Overvalued.
Key valuation signals for SHSE:688981:
PB Ratio: 7.98 (560% above median its 10-year median of 1.21)
GF Value™: ¥69.60 vs. price of ¥148.76 (113.7% above fair value)
Industry Position: 112% above the Semiconductors median (#501 of 1000)
No single metric tells the full story. See the SHSE:688981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Semiconductor Manufacturing International Business Description
Founded in 2000, Semiconductor Manufacturing International Corporation is the largest foundry in China and the third-largest globally after TSMC and Samsung Electronics, overtaking GlobalFoundries and United Microelectronics in 2024. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen, and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs 19,952 people as of Dec. 31, 2025.
77GF Score
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