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Chung Hwa PulpTPE:1905 -3.48%62 PB Ratio is 0.95 as of Jul. 20, 2026, which is 10% above its 10-year median of 0.86. GuruFocus rates TPE:1905 with a GF Score™ of 62/100 and a GF Value™ of NT$17.31 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 272 Forest Products companies, Chung Hwa Pulp ranks worse than 59.93% 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 (2026-07-20), Chung Hwa Pulp's share price is NT$13.85. Chung Hwa Pulp's Book Value per Share for the quarter that ended in Dec. 2025 was NT$14.63. Hence, Chung Hwa Pulp's PB Ratio of today is 0.95.
The historical rank and industry rank for Chung Hwa Pulp's PB Ratio or its related term are showing as below:
TPE:1905'
s PB Ratio Range Over the Past 10 Years
Min: 0.48 Med: 0.86 Max: 2.24
Current: 0.95
During the past 13 years, Chung Hwa Pulp's highest PB Ratio was 2.24. The lowest was 0.48. And the median was 0.86.
TPE:1905's PB Ratio is ranked worse than 59.93% of 272
companies
in the Forest Products industry
Industry Median: 0.81
vs TPE:1905: 0.95
During the past 12 months, Chung Hwa Pulp's average Book Value Per Share Growth Rate was 1.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 0.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Chung Hwa Pulp was 2.80% per year. The lowest was -3.10% per year. And the median was -1.30% 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.
Chung Hwa Pulp PB Ratio Related Terms
Chung Hwa Pulp PB Ratio Historical Data
* Premium members only.
The historical data trend for Chung Hwa Pulp'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 Paper & Paper Products subindustry, Chung Hwa Pulp'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.
Chung Hwa Pulp PB Ratio vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Chung Hwa Pulp's PB Ratio distribution charts can be found below:
* The bar in red indicates where Chung Hwa Pulp'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.
Chung Hwa Pulp'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.
Chung Hwa Pulp (TPE:1905) has a PB Ratio of 0.95 as of Jul. 20, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Chung Hwa Pulp and its competitors. This is 10% above median its historical median of 0.86. Over the past decade, Chung Hwa Pulp's PB Ratio has ranged from 0.48 to 2.24. According to the industry distribution chart, Chung Hwa Pulp ranks #163 out of 272 companies in the Forest Products industry, placing it in the top 59.9%.
Is Chung Hwa Pulp's PB Ratio too high?
Chung Hwa Pulp's current PB Ratio of 0.95 is 10% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 2.24. The Forest Products industry median PB Ratio is 0.81. Chung Hwa Pulp's value of 0.95 is 17.3% above this industry median. Based on the distribution chart, Chung Hwa Pulp ranks #163 out of 272 companies in the Forest Products industry, which is below the industry midpoint. Overall, Chung Hwa Pulp has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chung Hwa Pulp's PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, Chung Hwa Pulp ranks #163 out of 272 companies for PB Ratio. This places Chung Hwa Pulp in the lower half of its industry. The industry median PB Ratio is 0.81. Chung Hwa Pulp's value of 0.95 is 17.3% above this benchmark. Historically, Chung Hwa Pulp's own PB Ratio has ranged from 0.48 to 2.24 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 0.81, Chung Hwa Pulp 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 Forest Products company?
The median PB Ratio among Forest Products companies is 0.81, based on 272 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. Chung Hwa Pulp's current PB Ratio of 0.95 is 17.3% 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 Chung Hwa Pulp and its competitors. For the Forest Products industry, the median PB Ratio is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chung Hwa Pulp's current PB Ratio is 0.95, which is 10% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chung Hwa Pulp stock overvalued right now?
Based on GuruFocus' analysis, Chung Hwa Pulp (TPE:1905) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$17.31, compared to a current price of NT$13.85 — trading 20% below its estimated fair value. The current PB Ratio is 0.95, which is 10% above median its 10-year median of 0.86 and 17.3% above the Forest Products industry median of 0.81. Chung Hwa Pulp's overall GF Score™ is 62/100 with 8 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 Chung Hwa Pulp (TPE:1905), the current PB Ratio is 0.95 as of Jul. 20, 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 Chung Hwa Pulp (TPE:1905) Overvalued in 2026?
Based on GuruFocus' analysis, Chung Hwa Pulp stock appears to be undervalued.
The current stock price of NT$13.85 is trading 20% below its estimated GF Value™ of NT$17.31.
GuruFocus considers Chung Hwa Pulp to be Modestly Undervalued.
Key valuation signals for TPE:1905:
PB Ratio: 0.95 (10% above median its 10-year median of 0.86)
GF Value™: NT$17.31 vs. price of NT$13.85 (20% below fair value)
Industry Position: 17.3% above the Forest Products median (#163 of 272)
No single metric tells the full story. See the TPE:1905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chung Hwa Pulp Corp is engaged in the production and sale of pulp and paper. Its businesses include specialty paper, pulp, paper and paperboard, tape and other businesses. The Company operates through the Pulp and Fine Paper segment, which generates maximum revenue, and the Forestry segment. Its activities include the manufacture and sale of cardboard, paper and pulp, as well as seedling cultivation and reforestation. Geographically, the Group operates in Taiwan and mainland China, with Taiwan generating maximum revenue.
62GF Score
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