Vipshop HoldingsVIPS +1.70%83 PB Ratio is 1.05 as of Jun. 27, 2026, which is 44% below its 10-year median of 1.88. GuruFocus rates VIPS with a GF Score™ of 83/100 and a GF Value™ of $17.34 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,077 Retail - Cyclical companies, Vipshop Holdings ranks better than 62.12% on this metric.
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. As of today (2026-06-27), Vipshop Holdings's share price is $13.14. Vipshop Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was $12.46. Hence, Vipshop Holdings's PB Ratio of today is 1.05.
Good Sign:
Vipshop Holdings Ltd stock PB Ratio (=1.05) is close to 3-year low of 1.05.
The historical rank and industry rank for Vipshop Holdings's PB Ratio or its related term are showing as below:
VIPS'
s PB Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.88 Max: 13.38
Current: 1.05
During the past 13 years, Vipshop Holdings's highest PB Ratio was 13.38. The lowest was 0.87. And the median was 1.88.
VIPS's PB Ratio is ranked better than 62.12% of 1077
companies
in the Retail - Cyclical industry
Industry Median: 1.44
vs VIPS: 1.05
During the past 12 months, Vipshop Holdings's average Book Value Per Share Growth Rate was 15.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 26.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Vipshop Holdings was 79.40% per year. The lowest was 12.40% per year. And the median was 26.00% per year.
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.
Vipshop Holdings PB Ratio Related Terms
Vipshop Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Vipshop Holdings's PB Ratio can be seen below:
* 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 Internet Retail subindustry, Vipshop Holdings'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.
Vipshop Holdings PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Vipshop Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Vipshop Holdings'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.
Vipshop Holdings (VIPS) has a PB Ratio of 1.05 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 Vipshop Holdings and its competitors. This is 44% below median its historical median of 1.88. Over the past decade, Vipshop Holdings' PB Ratio has ranged from 0.87 to 13.38. According to the industry distribution chart, Vipshop Holdings ranks #408 out of 1077 companies in the Retail - Cyclical industry, placing it in the top 37.9%.
Is Vipshop Holdings' PB Ratio too high?
Vipshop Holdings' current PB Ratio of 1.05 is 44% below median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 13.38. The Retail - Cyclical industry median PB Ratio is 1.44. Vipshop Holdings' value of 1.05 is 27.1% below this industry median. Based on the distribution chart, Vipshop Holdings ranks #408 out of 1077 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Vipshop Holdings has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vipshop Holdings' PB Ratio compare to ETSY and GLBE?
According to the Retail - Cyclical industry distribution chart, Vipshop Holdings ranks #408 out of 1077 companies for PB Ratio. This puts Vipshop Holdings in the upper half of its industry. The industry median PB Ratio is 1.44. Vipshop Holdings' value of 1.05 is 27.1% below this benchmark. Historically, Vipshop Holdings' own PB Ratio has ranged from 0.87 to 13.38 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 1.44, Vipshop Holdings 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 a Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.44, based on 1,077 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. Vipshop Holdings's current PB Ratio of 1.05 is 27.1% 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 Vipshop Holdings and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vipshop Holdings's current PB Ratio is 1.05, which is 44% below median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vipshop Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vipshop Holdings (VIPS) is currently considered Modestly Undervalued. The stock's GF Value™ is $17.34, compared to a current price of $13.14 — trading 24.2% below its estimated fair value. The current PB Ratio is 1.05, which is 44% below median its 10-year median of 1.88 and 27.1% below the Retail - Cyclical industry median of 1.44. Vipshop Holdings' overall GF Score™ is 83/100 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 Vipshop Holdings (VIPS), the current PB Ratio is 1.05 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 Vipshop Holdings (VIPS) Overvalued in 2026?
Based on GuruFocus' analysis, Vipshop Holdings stock appears to be undervalued.
The current stock price of $13.14 is trading 24.2% below its estimated GF Value™ of $17.34.
GuruFocus considers Vipshop Holdings to be Modestly Undervalued.
Key valuation signals for VIPS:
PB Ratio: 1.05 (44% below median its 10-year median of 1.88)
GF Value™: $17.34 vs. price of $13.14 (24.2% below fair value)
Industry Position: 27.1% below the Retail - Cyclical median (#408 of 1077)
No single metric tells the full story. See the VIPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vipshop is a leading Chinese online discount retailer offering branded products at attractive discounts of 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurement, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop's platform are sourced mostly through a consignment model with global brand partners. As of March 31, 2025, Eric Ya Shen, chair and CEO, had 64.5% voting rights. Leading Chinese social media firm and strategic shareholder Tencent also holds a 12.5% interest.
83GF Score
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