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First Hi-Tec CoROCO:5439 +4.67%81 PB Ratio is 4.87 as of Aug. 04, 2026, which is 99% above its 10-year median of 2.45. GuruFocus rates ROCO:5439 with a GF Score™ of 81/100 and a GF Value™ of NT$301.00 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,417 Hardware companies, First Hi-Tec Co ranks worse than 77.08% on this metric.
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 (2026-08-04), First Hi-Tec Co's share price is NT$224.00. First Hi-Tec Co's Book Value per Share for the quarter that ended in Mar. 2026 was NT$45.96. Hence, First Hi-Tec Co's PB Ratio of today is 4.87.
Good Sign:
First Hi-Tec Co Ltd stock PB Ratio (=5.09) is close to 1-year low of 5.09.
The historical rank and industry rank for First Hi-Tec Co's PB Ratio or its related term are showing as below:
ROCO:5439'
s PB Ratio Range Over the Past 10 Years
Min: 1.55 Med: 2.45 Max: 12.49
Current: 4.64
During the past 13 years, First Hi-Tec Co's highest PB Ratio was 12.49. The lowest was 1.55. And the median was 2.45.
ROCO:5439's PB Ratio is ranked worse than 77.08% of 2417
companies
in the Hardware industry
Industry Median: 2.22
vs ROCO:5439: 4.64
During the past 12 months, First Hi-Tec Co's average Book Value Per Share Growth Rate was 63.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Hi-Tec Co was 18.60% per year. The lowest was -1.20% per year. And the median was 5.00% per year.
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.
First Hi-Tec Co PB Ratio Related Terms
First Hi-Tec Co PB Ratio Historical Data
* Premium members only.
The historical data trend for First Hi-Tec Co'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.
For the Electronic Components subindustry, First Hi-Tec Co'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.
First Hi-Tec Co PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, First Hi-Tec Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where First Hi-Tec Co's PB Ratio falls into.
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.
First Hi-Tec Co's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
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.
First Hi-Tec Co (ROCO:5439) has a PB Ratio of 4.87 as of Aug. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First Hi-Tec Co and its competitors. This is 99% above median its historical median of 2.45. Over the past decade, First Hi-Tec Co's PB Ratio has ranged from 1.55 to 12.49. According to the industry distribution chart, First Hi-Tec Co ranks #1863 out of 2417 companies in the Hardware industry, placing it in the top 77.1%.
Is First Hi-Tec Co's PB Ratio too high?
First Hi-Tec Co's current PB Ratio of 4.87 is 99% above median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 12.49. The Hardware industry median PB Ratio is 2.22. First Hi-Tec Co's value of 4.87 is 119.4% above this industry median. Based on the distribution chart, First Hi-Tec Co ranks #1863 out of 2417 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, First Hi-Tec Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does First Hi-Tec Co's PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, First Hi-Tec Co ranks #1863 out of 2417 companies for PB Ratio. This places First Hi-Tec Co in the lower half of its industry. The industry median PB Ratio is 2.22. First Hi-Tec Co's value of 4.87 is 119.4% above this benchmark. Historically, First Hi-Tec Co's own PB Ratio has ranged from 1.55 to 12.49 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 2.22, First Hi-Tec Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Hardware company?
The median PB Ratio among Hardware companies is 2.22, based on 2,417 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Hi-Tec Co's current PB Ratio of 4.87 is 119.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First Hi-Tec Co and its competitors. For the Hardware industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Hi-Tec Co's current PB Ratio is 4.87, which is 99% above median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Hi-Tec Co stock overvalued right now?
Based on GuruFocus' analysis, First Hi-Tec Co (ROCO:5439) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$301.00, compared to a current price of NT$224.00 — trading 25.6% below its estimated fair value. The current PB Ratio is 4.87, which is 99% above median its 10-year median of 2.45 and 119.4% above the Hardware industry median of 2.22. First Hi-Tec Co's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For First Hi-Tec Co (ROCO:5439), the current PB Ratio is 4.87 as of Aug. 04, 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 First Hi-Tec Co (ROCO:5439) Overvalued in 2026?
Based on GuruFocus' analysis, First Hi-Tec Co stock appears to be undervalued.
The current stock price of NT$224.00 is trading 25.6% below its estimated GF Value™ of NT$301.00.
GuruFocus considers First Hi-Tec Co to be Modestly Undervalued.
Key valuation signals for ROCO:5439:
PB Ratio: 4.87 (99% above median its 10-year median of 2.45)
GF Value™: NT$301.00 vs. price of NT$224.00 (25.6% below fair value)
Industry Position: 119.4% above the Hardware median (#1863 of 2417)
No single metric tells the full story. See the ROCO:5439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Hi-Tec Co Ltd main business is manufacture and sales of PCB and computer peripherals, etc. The Company is engaged in production and sales of electronic equipment and wholesale of components, etc. The group is only engaged in manufacturing and trading of PCB and computer peripherals, which belong to a single industry, the operating segments and reportable segments are single segment. The company has presence in Taiwan, Asia, and Others. The company generates majority of revenue from Taiwan. The company's products are Automotive, Semiconductor and others, Power Control Modules Robot, Telecom, Layer Counts, Application Type, Capability, and Roadmap.
81GF Score
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