Test Research (TPE:3030) Book Value per Share: NT$44.29 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TPE:3030 Test Research Inc TPE:3030
92 GF Score
Price NT$249.00
GF Value NT$190.14
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Test Research Book Value per Share?

Test Research TPE:3030 -2.35% 92 Book Value per Share is NT$44.29 as of Mar. 2026. GuruFocus rates TPE:3030 with a GF Score™ of 92/100 and a GF Value™ of NT$190.14 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Test Research's book value per share for the quarter that ended in Mar. 2026 was NT$44.29.

During the past 12 months, Test Research's average Book Value Per Share Growth Rate was 17.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 9.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 10.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Test Research was 16.90% per year. The lowest was -4.30% per year. And the median was 8.00% per year.

Test Research's current price is NT$249.00. Its book value per share for the quarter that ended in Mar. 2026 was NT$44.29. Hence, today's PB Ratio of Test Research is 5.62.

During the past 13 years, the highest P/B Ratio of Test Research was 9.47. The lowest was 1.71. And the median was 2.30.


Test Research  (TPE:3030) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Test Research Book Value per Share Related Terms


Test Research Book Value per Share Historical Data

* Premium members only.

The historical data trend for Test Research's Book Value per Share 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.

Test Research Book Value per Share Chart

Test Research Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.81 30.76 30.42 35.06 40.66

Test Research Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.60 34.30 37.50 40.66 44.29

TPE:3030 vs COHR, KEYS, GRMN: Book Value per Share Comparison

For the Scientific & Technical Instruments subindustry, Test Research'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.


Test Research PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Test Research's PB Ratio distribution charts can be found below:

* The bar in red indicates where Test Research's PB Ratio falls into.


TPE:3030
92GF Score
Test Research Inc TPE:3030
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Test Research Book Value per Share Calculation

Test Research's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(9,604-0)/236
=40.66

Test Research's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(10,462-0)/236
=44.29

* 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.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of NT$44.29 mean?
Test Research (TPE:3030) has a Book Value per Share of NT$44.29 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Test Research and its competitors.
Is Test Research's Book Value per Share too high?
Test Research's current Book Value per Share is NT$44.29. Overall, Test Research has a GF Score™ of 92/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Test Research's Book Value per Share compare to COHR and KEYS?
Test Research's Book Value per Share of NT$44.29 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a Hardware company?
A good Book Value per Share depends on the Hardware industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Test Research and its competitors. Test Research's current Book Value per Share is NT$44.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Test Research stock overvalued right now?
Based on GuruFocus' analysis, Test Research (TPE:3030) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$190.14, compared to a current price of NT$249.00 — trading 31% above its estimated fair value. The current Book Value per Share is NT$44.29. Test Research's overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Test Research (TPE:3030), the current Book Value per Share is NT$44.29 as of Mar. 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 Test Research (TPE:3030) Overvalued in 2026?

Based on GuruFocus' analysis, Test Research stock appears to be overvalued. The current stock price of NT$249.00 is trading 31% above its estimated GF Value™ of NT$190.14. GuruFocus considers Test Research to be Significantly Overvalued.

Key valuation signals for TPE:3030:

  • Book Value per Share: NT$44.29
  • GF Value™: NT$190.14 vs. price of NT$249.00 (31% above fair value)
  • GF Score™: 92/100 with 2 warning signs

No single metric tells the full story. See the TPE:3030 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Test Research Business Description

Address No. 45, Dexing W. Road, 7th Floor, Shilin District, Taipei, TWN, 11158
Test Research Inc designs testing equipment for industrial applications. The firm focuses on designing, assembling, manufacturing, selling, repairing, and maintaining automated inspection and testing equipment. The firm receives a majority of its revenue from Asia and the rest from America, Europe, and other regions.
92GF Score

Get the complete analysis for TPE:3030

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$249.00
Price
NT$190.14
GF Value