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Gold Circuit ElectronicsTPE:2368 -7.76%82 PB Ratio is 13.84 as of Jul. 19, 2026, which is 334% above its 10-year median of 3.19. GuruFocus rates TPE:2368 with a GF Score™ of 82/100 and a GF Value™ of NT$503.87 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,419 Hardware companies, Gold Circuit Electronics ranks worse than 93.92% on this metric.
The historical rank and industry rank for Gold Circuit Electronics's PB Ratio or its related term are showing as below:
TPE:2368'
s PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 3.19 Max: 20.76
Current: 13.84
During the past 13 years, Gold Circuit Electronics's highest PB Ratio was 20.76. The lowest was 0.68. And the median was 3.19.
TPE:2368's PB Ratio is ranked worse than 93.92% of 2419
companies
in the Hardware industry
Industry Median: 2.19
vs TPE:2368: 13.84
During the past 12 months, Gold Circuit Electronics's average Book Value Per Share Growth Rate was 52.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 31.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 26.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 16.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Gold Circuit Electronics was 31.50% per year. The lowest was -10.80% per year. And the median was 1.70% per year.
Back to Basics: PB Ratio
Gold Circuit Electronics (TPE:2368) 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.
* 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 Electronic Components subindustry, Gold Circuit Electronics'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.
Gold Circuit Electronics PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Gold Circuit Electronics's PB Ratio distribution charts can be found below:
* The bar in red indicates where Gold Circuit Electronics'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.
Gold Circuit Electronics (TPE:2368) has a PB Ratio of 13.84 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Gold Circuit Electronics and its competitors. This is 334% above median its historical median of 3.19. Over the past decade, Gold Circuit Electronics' PB Ratio has ranged from 0.68 to 20.76. According to the industry distribution chart, Gold Circuit Electronics ranks #2272 out of 2419 companies in the Hardware industry, placing it in the top 93.9%.
Is Gold Circuit Electronics' PB Ratio too high?
Gold Circuit Electronics' current PB Ratio of 13.84 is 334% above median its 10-year median of 3.19. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 20.76. The Hardware industry median PB Ratio is 2.19. Gold Circuit Electronics' value of 13.84 is 532% above this industry median. Based on the distribution chart, Gold Circuit Electronics ranks #2272 out of 2419 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Gold Circuit Electronics has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gold Circuit Electronics' PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Gold Circuit Electronics ranks #2272 out of 2419 companies for PB Ratio. This places Gold Circuit Electronics in the lower half of its industry. The industry median PB Ratio is 2.19. Gold Circuit Electronics' value of 13.84 is 532% above this benchmark. Historically, Gold Circuit Electronics' own PB Ratio has ranged from 0.68 to 20.76 over the past decade. While the company's 10-year median is 3.19 vs. the industry median of 2.19, Gold Circuit Electronics 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 2.19, 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. Gold Circuit Electronics's current PB Ratio of 13.84 is 532% 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 Gold Circuit Electronics and its competitors. For the Hardware industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gold Circuit Electronics's current PB Ratio is 13.84, which is 334% above median its own 10-year median of 3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Circuit Electronics stock overvalued right now?
Based on GuruFocus' analysis, Gold Circuit Electronics (TPE:2368) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$503.87, compared to a current price of NT$927.00 — trading 84% above its estimated fair value. The current PB Ratio is 13.84, which is 334% above median its 10-year median of 3.19 and 532% above the Hardware industry median of 2.19. Gold Circuit Electronics' overall GF Score™ is 82/100 with 3 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 Gold Circuit Electronics (TPE:2368), the current PB Ratio is 13.84 as of Jul. 19, 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 Gold Circuit Electronics (TPE:2368) Overvalued in 2026?
Based on GuruFocus' analysis, Gold Circuit Electronics stock appears to be overvalued.
The current stock price of NT$927.00 is trading 84% above its estimated GF Value™ of NT$503.87.
GuruFocus considers Gold Circuit Electronics to be Significantly Overvalued.
Key valuation signals for TPE:2368:
PB Ratio: 13.84 (334% above median its 10-year median of 3.19)
GF Value™: NT$503.87 vs. price of NT$927.00 (84% above fair value)
Industry Position: 532% above the Hardware median (#2272 of 2419)
No single metric tells the full story. See the TPE:2368 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gold Circuit Electronics Ltd manufactures, processes and sells printed circuit boards for various applications. Its products are applied in notebooks, handheld devices, telecommunications, networking, and server & storage fields, among others. The company's revenue was generated from the sale of electronic products, such as printed circuit boards.
82GF Score
Get the complete analysis for TPE:2368
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