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Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
China Banking Price-to-Tangible-Book Related Terms
China Banking Price-to-Tangible-Book Historical Data
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The historical data trend for China Banking's Price-to-Tangible-Book 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.
China Banking Price-to-Tangible-Book Competitor Comparison
For the Banks - Regional subindustry, China Banking's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
China Banking Price-to-Tangible-Book vs Banks Industry
For the Banks industry and Financial Services sector, China Banking's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where China Banking's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
China Banking (PHS:CBC) has a Price-to-Tangible-Book of 0.78 as of Aug. 31, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on China Banking and its competitors. According to the industry distribution chart, China Banking ranks #332 out of 1497 companies in the Banks industry, placing it in the top 22.2%.
Is China Banking's Price-to-Tangible-Book too high?
China Banking's current Price-to-Tangible-Book is 0.78. The Banks industry median Price-to-Tangible-Book is 1.20. China Banking's value of 0.78 is 35% below this industry median. Based on the distribution chart, China Banking ranks #332 out of 1497 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, China Banking has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Banking's Price-to-Tangible-Book compare to competitors?
According to the Banks industry distribution chart, China Banking ranks #332 out of 1497 companies for Price-to-Tangible-Book. This places China Banking in the top 22% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 1.20. China Banking's value of 0.78 is 35% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Banks company?
The median Price-to-Tangible-Book among Banks companies is 1.20, based on 1,497 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Banking's current Price-to-Tangible-Book of 0.78 is 35% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on China Banking and its competitors. For the Banks industry, the median Price-to-Tangible-Book is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Banking's current Price-to-Tangible-Book is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Banking stock overvalued right now?
Based on GuruFocus' analysis, China Banking (PHS:CBC) is currently considered Fairly Valued. The stock's GF Value™ is ₱57.27, compared to a current price of ₱54.00 — trading 5.7% below its estimated fair value. The current Price-to-Tangible-Book is 0.78 and 35% below the Banks industry median of 1.20. China Banking's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For China Banking (PHS:CBC), the current Price-to-Tangible-Book is 0.78 as of Aug. 31, 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 China Banking (PHS:CBC) Overvalued in 2026?
Based on GuruFocus' analysis, China Banking stock appears to be undervalued.
The current stock price of ₱54.00 is trading 5.7% below its estimated GF Value™ of ₱57.27.
GuruFocus considers China Banking to be Fairly Valued.
Key valuation signals for PHS:CBC:
Price-to-Tangible-Book: 0.78
GF Value™: ₱57.27 vs. price of ₱54.00 (5.7% below fair value)
Industry Position: 35% below the Banks median (#332 of 1497)
No single metric tells the full story. See the PHS:CBC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Banking Corp is a commercial bank engaged in corporate and SME lending, retail loans including mortgage and auto loans, treasury and foreign exchange trading, trust and investment management, wealth management, cash management, and insurance products. The group's five business segments, namely, Institutional Banking, Consumer Banking, Retail Banking Business, Financial Markets, and Others, which include credit management, thrift banking business, operations and financial control, and other support services. The majority of the company's revenue comes from the Retail Banking Business.
72GF Score
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Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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