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Ningbo Ronbay New Energy Technology Co Ltd
SSE:688005

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Ningbo Ronbay New Energy Technology Co Ltd Logo
Ningbo Ronbay New Energy Technology Co Ltd
SSE:688005
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Price: 34.83 CNY -9.53% Market Closed
Market Cap: ¥24.9B

P/S

2
Current
69%
More Expensive
vs 3-y average of 1.2

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2
=
Market Cap
¥22.3B
/
Revenue
¥12.3B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2
=
Market Cap
¥22.3B
/
Revenue
¥12.3B

Valuation Scenarios

Ningbo Ronbay New Energy Technology Co Ltd is trading above its 3-year average

If P/S returns to its 3-Year Average (1.2), the stock would be worth ¥20.63 (41% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-41%
Maximum Upside
+94%
Average Upside
17%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2 ¥34.83
0%
3-Year Average 1.2 ¥20.63
-41%
5-Year Average 1.6 ¥27.31
-22%
Industry Average 3.9 ¥67.42
+94%
Country Average 2.8 ¥47.42
+36%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
¥22.3B
/
Jan 2026
¥12.3B
=
2
Current
¥22.3B
/
Dec 2026
¥18.9B
=
1.2
Forward
¥22.3B
/
Dec 2027
¥22.8B
=
1
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
CN
Ningbo Ronbay New Energy Technology Co Ltd
SSE:688005
24.9B CNY 2 -132.8
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
2T CNY 4.3 25.8
CH
Abb Ltd
SIX:ABBN
142.4B CHF 5.3 36.6
FR
Schneider Electric SE
PAR:SU
151B EUR 3.8 36.3
IE
Eaton Corporation PLC
NYSE:ETN
168B USD 6 40.4
US
Vertiv Holdings Co
NYSE:VRT
126.1B USD 11.6 80.8
US
Emerson Electric Co
NYSE:EMR
78.9B USD 4.3 33.7
KR
LG Energy Solution Ltd
KRX:373220
107.8T KRW 4.6 -100.4
JP
Fujikura Ltd
TSE:5803
9.6T JPY 8.6 66.8
US
AMETEK Inc
NYSE:AME
53.9B USD 7.2 35.9
FR
Legrand SA
PAR:LR
39.7B EUR 4.2 31.9
P/E Multiple
Earnings Growth PEG
CN
Ningbo Ronbay New Energy Technology Co Ltd
SSE:688005
Average P/E: 43.1
Negative Multiple: -132.8
N/A N/A
CN
Contemporary Amperex Technology Co Ltd
SZSE:300750
25.8
22%
1.2
CH
Abb Ltd
SIX:ABBN
36.6
13%
2.8
FR
Schneider Electric SE
PAR:SU
36.3
23%
1.6
IE
Eaton Corporation PLC
NYSE:ETN
40.4
19%
2.1
US
Vertiv Holdings Co
NYSE:VRT
80.8
43%
1.9
US
Emerson Electric Co
NYSE:EMR
33.7
25%
1.3
KR
LG Energy Solution Ltd
KRX:373220
Negative Multiple: -100.4 N/A N/A
JP
Fujikura Ltd
TSE:5803
66.8
44%
1.5
US
AMETEK Inc
NYSE:AME
35.9
14%
2.6
FR
Legrand SA
PAR:LR
31.9
14%
2.3

Market Distribution

In line with most companies in China
Percentile
40th
Based on 7 736 companies
40th percentile
2
Low
0 — 1.5
Typical Range
1.5 — 5.4
High
5.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.5
Median 2.8
70th Percentile 5.4
Max 5 034 353.9

Ningbo Ronbay New Energy Technology Co Ltd
Glance View

Market Cap
24.9B CNY
Industry
Electrical Equipment

Ningbo Ronbay New Energy Technology Co., Ltd. has carved a niche for itself at the confluence of innovation and sustainability, riding the global wave of demand for lithium-ion battery materials. Established with a forward-thinking vision, the company is a leading force in the production of cathode materials, which are critical components in lithium-ion batteries. These batteries, being the heart of an array of applications from electric vehicles to consumer electronics, place Ronbay at the epicenter of a dynamic and expanding sector. The company's strategic focus on research and development has allowed it to refine its materials, improving energy density and performance, thus aligning with the needs of cutting-edge battery manufacturers worldwide. The company's prosperity is driven by a robust business model that capitalizes on long-term partnerships with major battery and automotive manufacturers. Ronbay competently integrates a sophisticated supply chain, efficiently sourcing raw materials and optimizing production processes to deliver high-quality cathode materials. By optimizing its production capabilities and expanding its capacity, Ronbay not only meets the escalating demand but also leverages economies of scale to enhance profitability. With its commitment to sustainable growth, the company continues to align its goals with the global shift towards greener technologies, strategically positioning itself in the vanguard of the energy transition movement.

Intrinsic Value
16.52 CNY
Overvaluation 53%
Intrinsic Value
Price ¥34.83
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