TSRC (TPE:2103) PB Ratio : 0.74 (As of Apr. 11, 2025)

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What is TSRC PB Ratio?

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 (2025-04-11), TSRC's share price is NT$18.35. TSRC's Book Value per Share for the quarter that ended in Dec. 2024 was NT$24.65. Hence, TSRC's PB Ratio of today is 0.74.

Good Sign:

TSRC Corp stock PB Ratio (=0.69) is close to 10-year low of 0.69.

The historical rank and industry rank for TSRC's PB Ratio or its related term are showing as below:

TPE:2103' s PB Ratio Range Over the Past 10 Years
Min: 0.69 Med: 1.39 Max: 2.12
Current: 0.74

During the past 13 years, TSRC's highest PB Ratio was 2.12. The lowest was 0.69. And the median was 1.39.

TPE:2103's PB Ratio is ranked better than
77.31% of 1529 companies
in the Chemicals industry
Industry Median: 1.45 vs TPE:2103: 0.74

During the past 12 months, TSRC's average Book Value Per Share Growth Rate was 4.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of TSRC was 13.10% per year. The lowest was -2.80% per year. And the median was 3.75% per year.

Back to Basics: PB Ratio

TSRC PB Ratio Historical Data

The historical data trend for TSRC'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.

* Premium members only.

TSRC PB Ratio Chart

TSRC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

PB Ratio

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1.36

1.85

1.21

1.02

0.82

TSRC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
PB Ratio	Get a 7-Day Free Trial															1.02	0.96	0.97	0.96	0.82

Competitive Comparison of TSRC's PB Ratio

For the Specialty Chemicals subindustry, TSRC'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.

TSRC's PB Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, TSRC's PB Ratio distribution charts can be found below:

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

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TSRC PB Ratio Calculation

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.

TSRC's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2024)
	=	18.35	/	24.647
	=	0.74

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

TSRC (TPE:2103) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.

TSRC PB Ratio Related Terms

Thank you for viewing the detailed overview of TSRC's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

TSRC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TSRC Corp (TPE:2103) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

95, Section 2, Dunhua South Road, 18 Floor, Taipei, TWN, 106

Website

https://www.tsrc.com.tw

TSRC Corporation is a rubber manufacturer based out of Taiwan. The company offers tire products globally, with Asian markets accounting for the majority of the company's sales. Product offerings are divided into the Synthetic Rubber business and Applied polymer business. Under the Synthetic Rubber business, tires are built to improve abrasion resistance and provide low rolling resistance and wet grip resistance. Consumers of TSRC Corp tire products depend on products to deliver reduced fuel consumption and meet a host of regulations and environmental conditions. Products under the Applied Polymers business are often used in high-grade shoe soles, asphalt modification, plastic modification, adhesives, and other end markets. Its geographical segments are Asia, America, Europe, and Others.

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