Taiwan Glass Ind (TPE:1802) PB Ratio : 1.02 (As of May. 27, 2024)

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What is Taiwan Glass Ind PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-27), Taiwan Glass Ind's share price is NT$17.20. Taiwan Glass Ind's Book Value per Share for the quarter that ended in Mar. 2024 was NT$16.92. Hence, Taiwan Glass Ind's PB Ratio of today is 1.02.

Good Sign:

Taiwan Glass Ind Corp stock PB Ratio (=1.02) is close to 3-year low of 0.94

The historical rank and industry rank for Taiwan Glass Ind's PB Ratio or its related term are showing as below:

TPE:1802' s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 1.09 Max: 2.78
Current: 1.02

During the past 13 years, Taiwan Glass Ind's highest PB Ratio was 2.78. The lowest was 0.51. And the median was 1.09.

TPE:1802's PB Ratio is ranked better than
58.79% of 381 companies
in the Building Materials industry
Industry Median: 1.22 vs TPE:1802: 1.02

During the past 12 months, Taiwan Glass Ind's average Book Value Per Share Growth Rate was 2.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 2.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -1.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Taiwan Glass Ind was 6.90% per year. The lowest was -8.00% per year. And the median was -1.00% per year.

Back to Basics: PB Ratio

Taiwan Glass Ind PB Ratio Historical Data

The historical data trend for Taiwan Glass Ind's PB Ratio 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.

* Premium members only.

Taiwan Glass Ind PB Ratio Chart

Taiwan Glass Ind Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.83

1.29

1.44

1.28

1.16

Taiwan Glass Ind Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															1.25	1.21	1.14	1.16	1.02

Competitive Comparison of Taiwan Glass Ind's PB Ratio

For the Building Materials subindustry, Taiwan Glass Ind's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Taiwan Glass Ind's PB Ratio Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Taiwan Glass Ind's PB Ratio distribution charts can be found below:

* The bar in red indicates where Taiwan Glass Ind's PB Ratio falls into.

Taiwan Glass Ind PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Taiwan Glass Ind's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	17.20	/	16.915
	=	1.02

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Taiwan Glass Ind (TPE:1802) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Taiwan Glass Ind PB Ratio Related Terms

Thank you for viewing the detailed overview of Taiwan Glass Ind's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Taiwan Glass Ind (TPE:1802) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Taiwan Glass Ind Corp (TPE:1802) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 261, Nanjing East Road, 11th Floor, Section 3, Taiwan Glass Building, Songshan District, Taipei, TWN, 105-405

Website

http://www.taiwanglass.com

Taiwan Glass Ind Corp manufactures and sells a variety of glass products. It operates plants that create and mold glass into glass panes, fiberglass, bottles, and jars, based on specific customer needs. The firm's product categories include flat glass, fiberglass, as well as container, tableware, and kitchenware. The flat glass products are sold to the construction and automobile industries and are used for windows and mirrors. The container, tableware, and kitchenware products are sold to the food, beverage, and pharmaceutical industries.

Taiwan Glass Ind (TPE:1802) Headlines

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