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Accton TechnologyTPE:2345 -0.85%89 PB Ratio is 22.54 as of Jul. 16, 2026, which is 156% above its 10-year median of 8.79. GuruFocus rates TPE:2345 with a GF Score™ of 89/100 and a GF Value™ of NT$1,800.47 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,419 Hardware companies, Accton Technology ranks worse than 97.19% 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 (2026-07-16), Accton Technology's share price is NT$2320.00. Accton Technology's Book Value per Share for the quarter that ended in Dec. 2025 was NT$102.95. Hence, Accton Technology's PB Ratio of today is 22.54.
Warning Sign:
Accton Technology Corp stock PB Ratio (=23.99) is close to 10-year high of 26.57.
The historical rank and industry rank for Accton Technology's PB Ratio or its related term are showing as below:
TPE:2345'
s PB Ratio Range Over the Past 10 Years
Min: 2.79 Med: 8.79 Max: 26.57
Current: 22.54
During the past 13 years, Accton Technology's highest PB Ratio was 26.57. The lowest was 2.79. And the median was 8.79.
TPE:2345's PB Ratio is ranked worse than 97.19% of 2419
companies
in the Hardware industry
Industry Median: 2.31
vs TPE:2345: 22.54
During the past 12 months, Accton Technology's average Book Value Per Share Growth Rate was 58.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 41.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 31.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 19.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Accton Technology was 41.10% per year. The lowest was -0.60% per year. And the median was 7.30% 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.
Accton Technology PB Ratio Related Terms
Accton Technology PB Ratio Historical Data
* Premium members only.
The historical data trend for Accton Technology'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 Communication Equipment subindustry, Accton Technology'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.
Accton Technology PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Accton Technology's PB Ratio distribution charts can be found below:
* The bar in red indicates where Accton Technology'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.
Accton Technology (TPE:2345) has a PB Ratio of 22.54 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Accton Technology and its competitors. This is 156% above median its historical median of 8.79. Over the past decade, Accton Technology's PB Ratio has ranged from 2.79 to 26.57. According to the industry distribution chart, Accton Technology ranks #2351 out of 2419 companies in the Hardware industry, placing it in the top 97.2%.
Is Accton Technology's PB Ratio too high?
Accton Technology's current PB Ratio of 22.54 is 156% above median its 10-year median of 8.79. Over the past 10 years, this metric has ranged from a low of 2.79 to a high of 26.57. The Hardware industry median PB Ratio is 2.31. Accton Technology's value of 22.54 is 875.8% above this industry median. Based on the distribution chart, Accton Technology ranks #2351 out of 2419 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Accton Technology has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Accton Technology's PB Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Accton Technology ranks #2351 out of 2419 companies for PB Ratio. This places Accton Technology in the lower half of its industry. The industry median PB Ratio is 2.31. Accton Technology's value of 22.54 is 875.8% above this benchmark. Historically, Accton Technology's own PB Ratio has ranged from 2.79 to 26.57 over the past decade. While the company's 10-year median is 8.79 vs. the industry median of 2.31, Accton Technology 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 Hardware company?
The median PB Ratio among Hardware companies is 2.31, 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. Accton Technology's current PB Ratio of 22.54 is 875.8% 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 Accton Technology and its competitors. For the Hardware industry, the median PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accton Technology's current PB Ratio is 22.54, which is 156% above median its own 10-year median of 8.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accton Technology stock overvalued right now?
Based on GuruFocus' analysis, Accton Technology (TPE:2345) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$1,800.47, compared to a current price of NT$2,320.00 — trading 28.9% above its estimated fair value. The current PB Ratio is 22.54, which is 156% above median its 10-year median of 8.79 and 875.8% above the Hardware industry median of 2.31. Accton Technology's overall GF Score™ is 89/100 with 5 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 Accton Technology (TPE:2345), the current PB Ratio is 22.54 as of Jul. 16, 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 Accton Technology (TPE:2345) Overvalued in 2026?
Based on GuruFocus' analysis, Accton Technology stock appears to be overvalued.
The current stock price of NT$2,320.00 is trading 28.9% above its estimated GF Value™ of NT$1,800.47.
GuruFocus considers Accton Technology to be Modestly Overvalued.
Key valuation signals for TPE:2345:
PB Ratio: 22.54 (156% above median its 10-year median of 8.79)
GF Value™: NT$1,800.47 vs. price of NT$2,320.00 (28.9% above fair value)
Industry Position: 875.8% above the Hardware median (#2351 of 2419)
No single metric tells the full story. See the TPE:2345 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Accton Technology Corp develops, manufactures, and sells high-quality products for computer network systems and wireless land area network (LAN) hardware and software products and renders related technical consulting and engineering design services. The products and services offered by the company are Switch, Network Application, Metro Access Switch, Other, and Wireless. The company generates the majority of its revenue from Network Application sales.
89GF Score
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