Mirle Automation Co (TPE:2464) PB Ratio : 1.87 (As of Apr. 09, 2025)

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What is Mirle Automation Co PB Ratio?

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 (2025-04-09), Mirle Automation Co's share price is NT$47.45. Mirle Automation Co's Book Value per Share for the quarter that ended in Dec. 2024 was NT$25.35. Hence, Mirle Automation Co's PB Ratio of today is 1.87.

The historical rank and industry rank for Mirle Automation Co's PB Ratio or its related term are showing as below:

TPE:2464' s PB Ratio Range Over the Past 10 Years
Min: 1.34 Med: 2.03 Max: 4.22
Current: 2.08

During the past 13 years, Mirle Automation Co's highest PB Ratio was 4.22. The lowest was 1.34. And the median was 2.03.

TPE:2464's PB Ratio is ranked worse than
60.5% of 2924 companies
in the Industrial Products industry
Industry Median: 1.86 vs TPE:2464: 2.08

During the past 12 months, Mirle Automation Co's average Book Value Per Share Growth Rate was 19.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 3.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mirle Automation Co was 6.40% per year. The lowest was 0.70% per year. And the median was 2.80% per year.

Back to Basics: PB Ratio

Mirle Automation Co PB Ratio Historical Data

The historical data trend for Mirle Automation 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.

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Mirle Automation Co PB Ratio Chart

Mirle Automation Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

PB Ratio

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2.10

2.04

1.71

1.68

3.31

Mirle Automation Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
PB Ratio	Get a 7-Day Free Trial															1.68	2.20	3.20	3.56	3.31

Competitive Comparison of Mirle Automation Co's PB Ratio

For the Specialty Industrial Machinery subindustry, Mirle Automation 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.

Mirle Automation Co's PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mirle Automation Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Mirle Automation Co's PB Ratio falls into.

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Mirle Automation Co 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.

Mirle Automation Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2024)
	=	47.45	/	25.345
	=	1.87

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Mirle Automation Co (TPE:2464) 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.

Mirle Automation Co PB Ratio Related Terms

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Mirle Automation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mirle Automation Co Ltd (TPE:2464) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3, R&D Road II, Science Park, Hsinchu, TWN, 30076

Website

https://www.mirle.com.tw

Mirle Automation Co Ltd is engaged in automation system integrators and related product manufacturers. The corporation is mainly engaged in the business of automation equipment systems and its components various parking facilities, medical equipment, and the design, development, production, and sale of the automation equipment used in these products, and also provides after-sales services for the products. It is also engaged in the leasing business and develops and sells software and databases that are used in automation equipment. Moreover, the corporation also provides construction planning, installation, consulting, and maintenance services for the above products.

Mirle Automation Co Headlines

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