Zhejiang Provincial New Energy Investment Group600032.SHValuation Analysis

As of Oct 19, 2026, Zhejiang Provincial New Energy Investment Group (600032.SH) trades at a P/E of 46.00x, P/B of 1.32x, P/S of 3.83x, and a dividend yield of 0.90%.
Longitudinal percentile comparison: P/E sits at the 73rd percentile over the trailing 10Y window (vs. 89th percentile over 3Y); P/B sits at the 6th percentile over the trailing 10Y window (vs. 10th percentile over 3Y); P/S sits at the 29th percentile over the trailing 10Y window (vs. 50th percentile over 3Y).
Cross-sectional valuation: its P/E ranks at the 77th percentile within its industry and the 58th percentile across the broader market.
Shareholder return highlight: Total Shareholder Yield is 0.90%, ranking at the 70th percentile over the trailing 20Y window.
The P/E and P/B percentiles diverge here, differing by 66.9 points — relying on either metric alone could be misleading. Relative to the broader market, its P/E shows a deeper discount than it does against industry peers. Shareholder returns here are driven almost entirely by cash dividends, with minimal contribution from buybacks. Zhejiang Provincial New Energy Investment Group operates in the Electricity and Public Utilities sector. Data refreshes weekly and is for reference only, not investment advice.