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Hsin Kuang Steel CoTPE:2031 -0.62%80 PB Ratio is 1.22 as of Jul. 25, 2026, which is 15% below its 10-year median of 1.44. GuruFocus rates TPE:2031 with a GF Score™ of 80/100 and a GF Value™ of NT$52.48 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 610 Steel companies, Hsin Kuang Steel Co ranks worse than 61.97% on this metric.
Hsin Kuang Steel Co Ltd stock PB Ratio (=1.22) is close to 1-year high of 1.32.
The historical rank and industry rank for Hsin Kuang Steel Co's PB Ratio or its related term are showing as below:
TPE:2031'
s PB Ratio Range Over the Past 10 Years
Min: 0.93 Med: 1.44 Max: 2.95
Current: 1.22
During the past 13 years, Hsin Kuang Steel Co's highest PB Ratio was 2.95. The lowest was 0.93. And the median was 1.44.
TPE:2031's PB Ratio is ranked worse than 61.97% of 610
companies
in the Steel industry
Industry Median: 0.96
vs TPE:2031: 1.22
During the past 12 months, Hsin Kuang Steel Co'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 7.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hsin Kuang Steel Co was 16.20% per year. The lowest was -7.20% per year. And the median was 2.65% per year.
Back to Basics: PB Ratio
Hsin Kuang Steel Co (TPE:2031) 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.
Hsin Kuang Steel Co PB Ratio Related Terms
Hsin Kuang Steel Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Hsin Kuang Steel 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 Steel subindustry, Hsin Kuang Steel 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.
Hsin Kuang Steel Co PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Hsin Kuang Steel Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hsin Kuang Steel 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.
Hsin Kuang Steel Co (TPE:2031) has a PB Ratio of 1.22 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hsin Kuang Steel Co and its competitors. This is 15% below median its historical median of 1.44. Over the past decade, Hsin Kuang Steel Co's PB Ratio has ranged from 0.93 to 2.95. According to the industry distribution chart, Hsin Kuang Steel Co ranks #378 out of 610 companies in the Steel industry, placing it in the top 62%.
Is Hsin Kuang Steel Co's PB Ratio too high?
Hsin Kuang Steel Co's current PB Ratio of 1.22 is 15% below median its 10-year median of 1.44. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 2.95. The Steel industry median PB Ratio is 0.96. Hsin Kuang Steel Co's value of 1.22 is 27.1% above this industry median. Based on the distribution chart, Hsin Kuang Steel Co ranks #378 out of 610 companies in the Steel industry, which is below the industry midpoint. Overall, Hsin Kuang Steel Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hsin Kuang Steel Co's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Hsin Kuang Steel Co ranks #378 out of 610 companies for PB Ratio. This places Hsin Kuang Steel Co in the lower half of its industry. The industry median PB Ratio is 0.96. Hsin Kuang Steel Co's value of 1.22 is 27.1% above this benchmark. Historically, Hsin Kuang Steel Co's own PB Ratio has ranged from 0.93 to 2.95 over the past decade. While the company's 10-year median is 1.44 vs. the industry median of 0.96, Hsin Kuang Steel 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 Steel company?
The median PB Ratio among Steel companies is 0.96, based on 610 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. Hsin Kuang Steel Co's current PB Ratio of 1.22 is 27.1% 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 Hsin Kuang Steel Co and its competitors. For the Steel industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsin Kuang Steel Co's current PB Ratio is 1.22, which is 15% below median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsin Kuang Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Hsin Kuang Steel Co (TPE:2031) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$52.48, compared to a current price of NT$40.15 — trading 23.5% below its estimated fair value. The current PB Ratio is 1.22, which is 15% below median its 10-year median of 1.44 and 27.1% above the Steel industry median of 0.96. Hsin Kuang Steel Co's overall GF Score™ is 80/100 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 Hsin Kuang Steel Co (TPE:2031), the current PB Ratio is 1.22 as of Jul. 25, 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 Hsin Kuang Steel Co (TPE:2031) Overvalued in 2026?
Based on GuruFocus' analysis, Hsin Kuang Steel Co stock appears to be undervalued.
The current stock price of NT$40.15 is trading 23.5% below its estimated GF Value™ of NT$52.48.
GuruFocus considers Hsin Kuang Steel Co to be Modestly Undervalued.
Key valuation signals for TPE:2031:
PB Ratio: 1.22 (15% below median its 10-year median of 1.44)
GF Value™: NT$52.48 vs. price of NT$40.15 (23.5% below fair value)
Industry Position: 27.1% above the Steel median (#378 of 610)
No single metric tells the full story. See the TPE:2031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hsin Kuang Steel Co Ltd manufactures and sells steel products. The business activities of the group include cutting, stamping, and the sale of steel products, including steel coils, steel plates, stainless steel, alloy steel, special steel, and SuperDyma. Geographically, its business activities are carried out across Taiwan. The company operates in four segments, which include Steel - Direct Sales, Steel - Manufacturing Sales, Construction Projects, and Leases. The majority of its revenue is generated from the Steel-Direct Sales Segment. Geographically, operates in Taiwan.
80GF Score
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