Twinhead International (TPE:2364) PB Ratio: 4.42 (As of Jul. 16, 2026) — 95% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2364 Twinhead International Corp TPE:2364
87 GF Score
Price NT$70.80
GF Value NT$83.22
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Twinhead International PB Ratio?

Twinhead International TPE:2364 +1.14% 87 PB Ratio is 4.42 as of Jul. 16, 2026, which is 95% above its 10-year median of 2.27. GuruFocus rates TPE:2364 with a GF Score™ of 87/100 and a GF Value™ of NT$83.22 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,419 Hardware companies, Twinhead International ranks worse than 73.54% 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), Twinhead International's share price is NT$70.80. Twinhead International's Book Value per Share for the quarter that ended in Dec. 2025 was NT$16.03. Hence, Twinhead International's PB Ratio of today is 4.42.

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

TPE:2364' s PB Ratio Range Over the Past 10 Years
Min: 0.56   Med: 2.27   Max: 11.04
Current: 4.36

During the past 13 years, Twinhead International's highest PB Ratio was 11.04. The lowest was 0.56. And the median was 2.27.

TPE:2364's PB Ratio is ranked worse than
73.54% of 2419 companies
in the Hardware industry
Industry Median: 2.31 vs TPE:2364: 4.36

During the past 12 months, Twinhead International's average Book Value Per Share Growth Rate was 35.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 34.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 26.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -1.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Twinhead International was 34.50% per year. The lowest was -35.50% per year. And the median was -10.65% per year.

Back to Basics: PB Ratio


Twinhead International  (TPE:2364) 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.


Twinhead International PB Ratio Related Terms


Twinhead International PB Ratio Historical Data

* Premium members only.

The historical data trend for Twinhead International'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.

Twinhead International PB Ratio Chart

Twinhead International 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 1.54 7.12 7.76 5.24 4.15

Twinhead International 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 5.24 4.69 5.11 5.11 4.15

TPE:2364 vs SNDK, DELL, STX: PB Ratio Comparison

For the Computer Hardware subindustry, Twinhead International'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.


Twinhead International PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Twinhead International's PB Ratio distribution charts can be found below:

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


TPE:2364
87GF Score
Twinhead International Corp TPE:2364
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Twinhead International 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.

Twinhead International's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=70.80/16.032
=4.42

* 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 4.42 mean?
Twinhead International (TPE:2364) has a PB Ratio of 4.42 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 Twinhead International and its competitors. This is 95% above median its historical median of 2.27. Over the past decade, Twinhead International's PB Ratio has ranged from 0.56 to 11.04. According to the industry distribution chart, Twinhead International ranks #1779 out of 2419 companies in the Hardware industry, placing it in the top 73.5%.
Is Twinhead International's PB Ratio too high?
Twinhead International's current PB Ratio of 4.42 is 95% above median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 11.04. The Hardware industry median PB Ratio is 2.31. Twinhead International's value of 4.42 is 91.3% above this industry median. Based on the distribution chart, Twinhead International ranks #1779 out of 2419 companies in the Hardware industry, which is below the industry midpoint. Overall, Twinhead International has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Twinhead International's PB Ratio compare to SNDK and DELL?
According to the Hardware industry distribution chart, Twinhead International ranks #1779 out of 2419 companies for PB Ratio. This places Twinhead International in the lower half of its industry. The industry median PB Ratio is 2.31. Twinhead International's value of 4.42 is 91.3% above this benchmark. Historically, Twinhead International's own PB Ratio has ranged from 0.56 to 11.04 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 2.31, Twinhead International 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. Twinhead International's current PB Ratio of 4.42 is 91.3% 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 Twinhead International 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. Twinhead International's current PB Ratio is 4.42, which is 95% above median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Twinhead International stock overvalued right now?
Based on GuruFocus' analysis, Twinhead International (TPE:2364) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$83.22, compared to a current price of NT$70.80 — trading 14.9% below its estimated fair value. The current PB Ratio is 4.42, which is 95% above median its 10-year median of 2.27 and 91.3% above the Hardware industry median of 2.31. Twinhead International's overall GF Score™ is 87/100 with 1 warning sign 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 Twinhead International (TPE:2364), the current PB Ratio is 4.42 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 Twinhead International (TPE:2364) Overvalued in 2026?

Based on GuruFocus' analysis, Twinhead International stock appears to be undervalued. The current stock price of NT$70.80 is trading 14.9% below its estimated GF Value™ of NT$83.22. GuruFocus considers Twinhead International to be Modestly Undervalued.

Key valuation signals for TPE:2364:

  • PB Ratio: 4.42 (95% above median its 10-year median of 2.27)
  • GF Value™: NT$83.22 vs. price of NT$70.80 (14.9% below fair value)
  • GF Score™: 87/100 with 1 warning sign
  • Industry Position: 91.3% above the Hardware median (#1779 of 2419)

No single metric tells the full story. See the TPE:2364 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Twinhead International Business Description

Address Ruiguang Road, No. 550, 9th Floor, Neihu District, Taipei, TWN, 114
Twinhead International Corp is engaged in the manufacturing of personal computers and peripherals. Its product offerings include mobile computers for military or industrial applications, rugged tablet PCs, semi-rugged mobile computers, mobile thin clients, medical tablet PCs, and other customized motherboards/systems. In addition to standard product lines, the company also offers full original design manufacturing and partial customization services. Geographically, it generates the majority of its revenue from personal Europe.
87GF Score

Get the complete analysis for TPE:2364

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

NT$70.80
Price
NT$83.22
GF Value