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Merry Electronics CoTPE:2439 -0.87%79 PB Ratio is 1.20 as of Aug. 02, 2026, which is 45% below its 10-year median of 2.17. GuruFocus rates TPE:2439 with a GF Score™ of 79/100 and a GF Value™ of NT$119.83 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,418 Hardware companies, Merry Electronics Co ranks better than 72.75% on this metric.
Merry Electronics Co Ltd stock PB Ratio (=1.24) is close to 10-year low of 1.2.
The historical rank and industry rank for Merry Electronics Co's PB Ratio or its related term are showing as below:
TPE:2439'
s PB Ratio Range Over the Past 10 Years
Min: 1.19 Med: 2.17 Max: 5.83
Current: 1.19
During the past 13 years, Merry Electronics Co's highest PB Ratio was 5.83. The lowest was 1.19. And the median was 2.17.
TPE:2439's PB Ratio is ranked better than 72.75% of 2418
companies
in the Hardware industry
Industry Median: 2.17
vs TPE:2439: 1.19
During the past 12 months, Merry Electronics Co's average Book Value Per Share Growth Rate was 1.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Merry Electronics Co was 28.30% per year. The lowest was -6.60% per year. And the median was 6.80% 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.
Merry Electronics Co PB Ratio Related Terms
Merry Electronics Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Merry Electronics Co'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 Consumer Electronics subindustry, Merry Electronics Co'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.
Merry Electronics Co PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Merry Electronics Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Merry Electronics Co'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.
Merry Electronics Co (TPE:2439) has a PB Ratio of 1.20 as of Aug. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Merry Electronics Co and its competitors. This is 45% below median its historical median of 2.17. Over the past decade, Merry Electronics Co's PB Ratio has ranged from 1.19 to 5.83. According to the industry distribution chart, Merry Electronics Co ranks #659 out of 2418 companies in the Hardware industry, placing it in the top 27.3%.
Is Merry Electronics Co's PB Ratio too high?
Merry Electronics Co's current PB Ratio of 1.20 is 45% below median its 10-year median of 2.17. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 5.83. The Hardware industry median PB Ratio is 2.17. Merry Electronics Co's value of 1.20 is 44.7% below this industry median. Based on the distribution chart, Merry Electronics Co ranks #659 out of 2418 companies in the Hardware industry, which is above the industry midpoint. Overall, Merry Electronics Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Merry Electronics Co's PB Ratio compare to AAPL?
According to the Hardware industry distribution chart, Merry Electronics Co ranks #659 out of 2418 companies for PB Ratio. This puts Merry Electronics Co in the upper half of its industry. The industry median PB Ratio is 2.17. Merry Electronics Co's value of 1.20 is 44.7% below this benchmark. Historically, Merry Electronics Co's own PB Ratio has ranged from 1.19 to 5.83 over the past decade. While the company's 10-year median is 2.17 vs. the industry median of 2.17, Merry Electronics Co 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 2.17, based on 2,418 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. Merry Electronics Co's current PB Ratio of 1.20 is 44.7% 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 Merry Electronics Co and its competitors. For the Hardware industry, the median PB Ratio is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merry Electronics Co's current PB Ratio is 1.20, which is 45% below median its own 10-year median of 2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merry Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Merry Electronics Co (TPE:2439) is currently considered Possible Value Trap. The stock's GF Value™ is NT$119.83, compared to a current price of NT$80.20 — trading 33.1% below its estimated fair value. The current PB Ratio is 1.20, which is 45% below median its 10-year median of 2.17 and 44.7% below the Hardware industry median of 2.17. Merry Electronics Co's overall GF Score™ is 79/100 with 4 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 Merry Electronics Co (TPE:2439), the current PB Ratio is 1.20 as of Aug. 02, 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 Merry Electronics Co (TPE:2439) Overvalued in 2026?
Based on GuruFocus' analysis, Merry Electronics Co stock appears to be undervalued.
The current stock price of NT$80.20 is trading 33.1% below its estimated GF Value™ of NT$119.83.
GuruFocus considers Merry Electronics Co to be Possible Value Trap.
Key valuation signals for TPE:2439:
PB Ratio: 1.20 (45% below median its 10-year median of 2.17)
GF Value™: NT$119.83 vs. price of NT$80.20 (33.1% below fair value)
Industry Position: 44.7% below the Hardware median (#659 of 2418)
No single metric tells the full story. See the TPE:2439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merry Electronics Co Ltd is a Taiwan-based company that is engaged in producing and selling products, including headsets, speakers, microphones, batteries, and personal sound amplifiers. The company's products are applied to a series of business areas, including mobile devices, audio visual devices, computer peripherals, consumer electronics, and healthcare. The company has service sites located around the world, including in Taiwan, Shenzhen, Singapore, Vietnam, Thailand and others.
79GF Score
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