Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Ningbo Shanshan Co Price-to-Tangible-Book Related Terms
Ningbo Shanshan Co Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Ningbo Shanshan Co'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.
XSWX:SSNE vs LIN, SHW, ECL: Price-to-Tangible-Book Comparison
For the Specialty Chemicals subindustry, Ningbo Shanshan Co'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.
Ningbo Shanshan Co Price-to-Tangible-Book vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ningbo Shanshan Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Ningbo Shanshan Co'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.
Ningbo Shanshan Co (XSWX:SSNE) has a Price-to-Tangible-Book of 2.60 as of Sep. 15, 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 Ningbo Shanshan Co and its competitors. According to the industry distribution chart, Ningbo Shanshan Co ranks #526 out of 1547 companies in the Chemicals industry, placing it in the top 34%.
Is Ningbo Shanshan Co's Price-to-Tangible-Book too high?
Ningbo Shanshan Co's current Price-to-Tangible-Book is 2.60. The Chemicals industry median Price-to-Tangible-Book is 1.87. Ningbo Shanshan Co's value of 2.60 is 39% above this industry median. Based on the distribution chart, Ningbo Shanshan Co ranks #526 out of 1547 companies in the Chemicals industry, which is above the industry midpoint. Overall, Ningbo Shanshan Co has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Ningbo Shanshan Co's Price-to-Tangible-Book compare to LIN and SHW?
According to the Chemicals industry distribution chart, Ningbo Shanshan Co ranks #526 out of 1547 companies for Price-to-Tangible-Book. This puts Ningbo Shanshan Co in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.87. Ningbo Shanshan Co's value of 2.60 is 39% 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 Chemicals company?
The median Price-to-Tangible-Book among Chemicals companies is 1.87, based on 1,547 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. Ningbo Shanshan Co's current Price-to-Tangible-Book of 2.60 is 39% 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 Ningbo Shanshan Co and its competitors. For the Chemicals industry, the median Price-to-Tangible-Book is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Shanshan Co's current Price-to-Tangible-Book is 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Shanshan Co stock overvalued right now?
Ningbo Shanshan Co (XSWX:SSNE) has a current Price-to-Tangible-Book of 2.60. The stock's GF Value™ is $22.79, compared to a current price of $18.50 — trading 18.8% below its estimated fair value. The current Price-to-Tangible-Book is 2.60 and 39% above the Chemicals industry median of 1.87. Ningbo Shanshan Co's overall GF Score™ is 81/100 with 7 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 Ningbo Shanshan Co (XSWX:SSNE), the current Price-to-Tangible-Book is 2.60 as of Sep. 15, 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 Ningbo Shanshan Co (XSWX:SSNE) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Shanshan Co stock appears to be undervalued.
The current stock price of $18.50 is trading 18.8% below its estimated GF Value™ of $22.79.
Key valuation signals for XSWX:SSNE:
Price-to-Tangible-Book: 2.60
GF Value™: $22.79 vs. price of $18.50 (18.8% below fair value)
Industry Position: 39% above the Chemicals median (#526 of 1547)
No single metric tells the full story. See the XSWX:SSNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Shanshan Co Ltd is engaged in Research & Development, production and sales of lithium battery materials, LCD polarizer business, clothing brand operation, quasi-financial and venture capital business.
81GF Score
Get the complete analysis for XSWX:SSNE
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:SSNE has been successfully added to your 
