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Tainan Spinning CoTPE:1440 -3.36%63 PB Ratio is 0.78 as of Jul. 19, 2026, which is 11% below its 10-year median of 0.88. GuruFocus rates TPE:1440 with a GF Score™ of 63/100 and a GF Value™ of NT$10.80 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,004 Manufacturing - Apparel & Accessories companies, Tainan Spinning Co ranks better than 62.95% on this metric.
During the past 12 months, Tainan Spinning Co's average Book Value Per Share Growth Rate was -5.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tainan Spinning Co was 9.40% per year. The lowest was -1.10% per year. And the median was 2.50% per year.
Back to Basics: PB Ratio
Tainan Spinning Co (TPE:1440) PB Ratio Explanation
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.
Tainan Spinning Co PB Ratio Related Terms
Tainan Spinning Co PB Ratio Historical Data
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The historical data trend for Tainan Spinning 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 Textile Manufacturing subindustry, Tainan Spinning 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.
Tainan Spinning Co PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tainan Spinning Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tainan Spinning 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.
* 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.
Tainan Spinning Co (TPE:1440) has a PB Ratio of 0.78 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tainan Spinning Co and its competitors. This is 11% below median its historical median of 0.88. Over the past decade, Tainan Spinning Co's PB Ratio has ranged from 0.52 to 1.90. According to the industry distribution chart, Tainan Spinning Co ranks #372 out of 1004 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 37.1%.
Is Tainan Spinning Co's PB Ratio too high?
Tainan Spinning Co's current PB Ratio of 0.78 is 11% below median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.90. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.07. Tainan Spinning Co's value of 0.78 is 27.1% below this industry median. Based on the distribution chart, Tainan Spinning Co ranks #372 out of 1004 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Tainan Spinning Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tainan Spinning Co's PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Tainan Spinning Co ranks #372 out of 1004 companies for PB Ratio. This puts Tainan Spinning Co in the upper half of its industry. The industry median PB Ratio is 1.07. Tainan Spinning Co's value of 0.78 is 27.1% below this benchmark. Historically, Tainan Spinning Co's own PB Ratio has ranged from 0.52 to 1.90 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 1.07, Tainan Spinning Co has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.07, based on 1,004 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. Tainan Spinning Co's current PB Ratio of 0.78 is 27.1% below 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 Tainan Spinning Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tainan Spinning Co's current PB Ratio is 0.78, which is 11% below median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tainan Spinning Co stock overvalued right now?
Based on GuruFocus' analysis, Tainan Spinning Co (TPE:1440) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$10.80, compared to a current price of NT$12.95 — trading 19.9% above its estimated fair value. The current PB Ratio is 0.78, which is 11% below median its 10-year median of 0.88 and 27.1% below the Manufacturing - Apparel & Accessories industry median of 1.07. Tainan Spinning Co's overall GF Score™ is 63/100 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 Tainan Spinning Co (TPE:1440), the current PB Ratio is 0.78 as of Jul. 19, 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 Tainan Spinning Co (TPE:1440) Overvalued in 2026?
Based on GuruFocus' analysis, Tainan Spinning Co stock appears to be overvalued.
The current stock price of NT$12.95 is trading 19.9% above its estimated GF Value™ of NT$10.80.
GuruFocus considers Tainan Spinning Co to be Modestly Overvalued.
Key valuation signals for TPE:1440:
PB Ratio: 0.78 (11% below median its 10-year median of 0.88)
GF Value™: NT$10.80 vs. price of NT$12.95 (19.9% above fair value)
Industry Position: 27.1% below the Manufacturing - Apparel & Accessories median (#372 of 1004)
No single metric tells the full story. See the TPE:1440 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tainan Spinning Co Ltd is a Taiwan-based company that is principally engaged in manufacturing, processing, sale of textile products, woven textile products and synthetic fiber materials, construction of public housing, and the rental and sale of commercial property. The company's products include yarn, polyester, polyester filament, pet granules (spinning), processed yarn, and others. The company also operates a real estate business. The company generates the majority of its total revenue from textile products.
63GF Score
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