D-Link (TPE:2332) PB Ratio: 1.47 (As of Jul. 18, 2026) — 31% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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TPE:2332 D-Link Corp TPE:2332
70 GF Score
Price NT$20.50
GF Value NT$15.65
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is D-Link PB Ratio?

D-Link TPE:2332 -8.89% 70 PB Ratio is 1.47 as of Jul. 18, 2026, which is 31% above its 10-year median of 1.12. GuruFocus rates TPE:2332 with a GF Score™ of 70/100 and a GF Value™ of NT$15.65 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,419 Hardware companies, D-Link ranks better than 63.83% 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 (2026-07-18), D-Link's share price is NT$20.50. D-Link's Book Value per Share for the quarter that ended in Dec. 2025 was NT$13.90. Hence, D-Link's PB Ratio of today is 1.47.

Warning Sign:

D-Link Corp stock PB Ratio (=1.73) is close to 5-year high of 1.73.

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

TPE:2332' s PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.12   Max: 2.28
Current: 1.47

During the past 13 years, D-Link's highest PB Ratio was 2.28. The lowest was 0.68. And the median was 1.12.

TPE:2332's PB Ratio is ranked better than
63.83% of 2419 companies
in the Hardware industry
Industry Median: 2.25 vs TPE:2332: 1.47

During the past 12 months, D-Link's average Book Value Per Share Growth Rate was -7.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -2.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -0.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -1.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of D-Link was 2.10% per year. The lowest was -11.10% per year. And the median was -1.90% per year.

Back to Basics: PB Ratio


D-Link  (TPE:2332) 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.


D-Link PB Ratio Related Terms


D-Link PB Ratio Historical Data

* Premium members only.

The historical data trend for D-Link'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.

D-Link PB Ratio Chart

D-Link Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 1.00 1.31 1.69 1.08

D-Link Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.69 1.19 1.22 1.24 1.08

TPE:2332 vs CSCO, CIEN, MSI: PB Ratio Comparison

For the Communication Equipment subindustry, D-Link'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.


D-Link PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, D-Link's PB Ratio distribution charts can be found below:

* The bar in red indicates where D-Link's PB Ratio falls into.


TPE:2332
70GF Score
D-Link Corp TPE:2332
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

D-Link 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.

D-Link's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=20.50/13.9
=1.47

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.47 mean?
D-Link (TPE:2332) has a PB Ratio of 1.47 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on D-Link and its competitors. This is 31% above median its historical median of 1.12. Over the past decade, D-Link's PB Ratio has ranged from 0.68 to 2.28. According to the industry distribution chart, D-Link ranks #875 out of 2419 companies in the Hardware industry, placing it in the top 36.2%.
Is D-Link's PB Ratio too high?
D-Link's current PB Ratio of 1.47 is 31% above median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 2.28. The Hardware industry median PB Ratio is 2.25. D-Link's value of 1.47 is 34.7% below this industry median. Based on the distribution chart, D-Link ranks #875 out of 2419 companies in the Hardware industry, which is above the industry midpoint. Overall, D-Link has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-Link's PB Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, D-Link ranks #875 out of 2419 companies for PB Ratio. This puts D-Link in the upper half of its industry. The industry median PB Ratio is 2.25. D-Link's value of 1.47 is 34.7% below this benchmark. Historically, D-Link's own PB Ratio has ranged from 0.68 to 2.28 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 2.25, D-Link 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 Hardware company?
The median PB Ratio among Hardware companies is 2.25, based on 2,419 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. D-Link's current PB Ratio of 1.47 is 34.7% 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 D-Link and its competitors. For the Hardware industry, the median PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-Link's current PB Ratio is 1.47, which is 31% above median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D-Link stock overvalued right now?
Based on GuruFocus' analysis, D-Link (TPE:2332) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$15.65, compared to a current price of NT$20.50 — trading 31% above its estimated fair value. The current PB Ratio is 1.47, which is 31% above median its 10-year median of 1.12 and 34.7% below the Hardware industry median of 2.25. D-Link's overall GF Score™ is 70/100 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 D-Link (TPE:2332), the current PB Ratio is 1.47 as of Jul. 18, 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 D-Link (TPE:2332) Overvalued in 2026?

Based on GuruFocus' analysis, D-Link stock appears to be overvalued. The current stock price of NT$20.50 is trading 31% above its estimated GF Value™ of NT$15.65. GuruFocus considers D-Link to be Significantly Overvalued.

Key valuation signals for TPE:2332:

  • PB Ratio: 1.47 (31% above median its 10-year median of 1.12)
  • GF Value™: NT$15.65 vs. price of NT$20.50 (31% above fair value)
  • GF Score™: 70/100 with 8 warning signs
  • Industry Position: 34.7% below the Hardware median (#875 of 2419)

No single metric tells the full story. See the TPE:2332 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


D-Link Business Description

Address Xinhu 3rd Road, No. 289, Neihu District, Taipei, TWN, 114
D-Link Corp is engaged in the research, development, and sale of computer network systems, wireless LAN products, and spare parts for integrated circuits. The main products offered by the Group include wi-fi routers, webcams, wireless network cards, micro data center switches, IP surveillance solutions, Ethernet switches, etc., under various agency brands such as Cyberbit, Juniper, Ruckus, SonicWall, A10, and others. The Group has three reportable segments: American markets, European markets, and Asian markets and others. The majority of its revenue is generated from the Asian markets and others segment.
70GF Score

Get the complete analysis for TPE:2332

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$20.50
Price
NT$15.65
GF Value