Shanghai Zhezhong Group002346.SZValuation Analysis
Based on the blended 10-year P/E and P/B percentiles, the stock currently sits in the “Deeply Undervalued” zone.
As of Oct 19, 2026, Shanghai Zhezhong Group (002346.SZ) trades at a P/E of 11.90x, P/B of 2.22x, P/S of 8.72x, and a dividend yield of 2.94%.
Longitudinal percentile comparison: P/E sits at the 4th percentile over the trailing 10Y window (vs. 1st percentile over 3Y); P/B sits at the 29th percentile over the trailing 10Y window (vs. 56th percentile over 3Y); P/S sits at the 45th percentile over the trailing 10Y window (vs. 62nd percentile over 3Y).
Cross-sectional valuation: its P/E ranks at the 3rd percentile within its industry and the 7th percentile across the broader market.
Shareholder return highlight: Total Shareholder Yield is 6.12%, ranking at the 100th percentile over the trailing 20Y window.
The P/E and P/B percentiles diverge here, differing by 24.7 points — relying on either metric alone could be misleading. Its P/E percentile is roughly the same whether measured against the industry or the broader market. Breaking down the total shareholder yield: 2.94% comes from cash dividends, with an implied ~3.18% from buybacks — a fairly balanced mix of both channels. Shanghai Zhezhong Group operates in the Power Equipment and New Energy sector. Data refreshes weekly and is for reference only, not investment advice.
Also listed as: SHE: 002346 · SZSE: 002346 · 002346
Want the full picture on whether Shanghai Zhezhong Group (002346.SZ) is under- or over-valued? See the full 3Y / 5Y / 10Y / 20Y P/E, P/B, P/S, Dividend Yield & Total Shareholder Yield percentile matrix and the interactive ECharts trend chart on this page.
Historical Percentiles by Metric
| Metric | Current | Market Percentile | Industry Percentile | 3Y Pctl | 5Y Pctl | 10Y Pctl | 20Y Pctl |
|---|---|---|---|---|---|---|---|
| P/E (TTM) | 11.90 | ||||||
| P/B (MRQ) | 2.22 | ||||||
| P/S (TTM) | 8.72 | ||||||
| Dividend Yield | 2.94% | ||||||
| Buyback + Div Yield | 6.12% |