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SHSE:688981's Price-to-Tangible-Book is ranked better than 58.96% of 982
companies
in the Semiconductors industry
Industry Median: 3.68
vs SHSE:688981: 2.90
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.
Semiconductor Manufacturing International Price-to-Tangible-Book Related Terms
Semiconductor Manufacturing International Price-to-Tangible-Book 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 Price-to-Tangible-Book Chart
Semiconductor Manufacturing International Annual Data
SHSE:688981 vs NVDA, AVGO, MU: Price-to-Tangible-Book Comparison
For the Semiconductors subindustry, Semiconductor Manufacturing International'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.
Semiconductor Manufacturing International Price-to-Tangible-Book vs Semiconductors Industry
* 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.
Semiconductor Manufacturing International (SHSE:688981) has a Price-to-Tangible-Book of 4.10 as of Sep. 22, 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 Semiconductor Manufacturing International and its competitors. According to the industry distribution chart, Semiconductor Manufacturing International ranks #403 out of 982 companies in the Semiconductors industry, placing it in the top 41%.
Is Semiconductor Manufacturing International's Price-to-Tangible-Book too high?
Semiconductor Manufacturing International's current Price-to-Tangible-Book is 4.10. The Semiconductors industry median Price-to-Tangible-Book is 3.68. Semiconductor Manufacturing International's value of 4.10 is 11.4% above this industry median. Based on the distribution chart, Semiconductor Manufacturing International ranks #403 out of 982 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Semiconductor Manufacturing International has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Semiconductor Manufacturing International's Price-to-Tangible-Book compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Semiconductor Manufacturing International ranks #403 out of 982 companies for Price-to-Tangible-Book. This puts Semiconductor Manufacturing International in the upper half of its industry. The industry median Price-to-Tangible-Book is 3.68. Semiconductor Manufacturing International's value of 4.10 is 11.4% above 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 Semiconductors company?
The median Price-to-Tangible-Book among Semiconductors companies is 3.68, based on 982 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. Semiconductor Manufacturing International's current Price-to-Tangible-Book of 4.10 is 11.4% 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 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 Semiconductor Manufacturing International and its competitors. For the Semiconductors industry, the median Price-to-Tangible-Book is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Semiconductor Manufacturing International's current Price-to-Tangible-Book is 4.10. 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 ¥90.87, compared to a current price of ¥122.41 — trading 34.7% above its estimated fair value. The current Price-to-Tangible-Book is 4.10 and 11.4% above the Semiconductors industry median of 3.68. Semiconductor Manufacturing International's overall GF Score™ is 81/100 with 5 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 Semiconductor Manufacturing International (SHSE:688981), the current Price-to-Tangible-Book is 4.10 as of Sep. 22, 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 ¥122.41 is trading 34.7% above its estimated GF Value™ of ¥90.87.
GuruFocus considers Semiconductor Manufacturing International to be Significantly Overvalued.
Key valuation signals for SHSE:688981:
Price-to-Tangible-Book: 4.10
GF Value™: ¥90.87 vs. price of ¥122.41 (34.7% above fair value)
Industry Position: 11.4% above the Semiconductors median (#403 of 982)
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 Corporation is a pure-play semiconductor foundry headquartered in Shanghai, China. Founded in 2000, it manufactures integrated circuits on silicon wafers for fabless chip designers and integrated device manufacturers, offering process technologies across mature and advanced nodes. Its foundry services cover logic, mixed-signal, radio frequency, embedded memory, power management, and specialty processes. End markets include smartphones, consumer electronics, computing, networking and communications, automotive, industrial, and Internet of Things devices. SMIC operates wafer fabrication facilities in Shanghai, Beijing, Tianjin, and Shenzhen, and maintains sales and customer support offices in the United States, Europe, Japan, Taiwan, and Hong Kong. It derives revenue primarily from wafer fabrication and related mask-making, packaging, and testing services, billing customers per wafer. As China's largest foundry, it plays a central role in the domestic semiconductor supply chain while serving international customers.
81GF Score
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