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Evergreen Marine Corp (Taiwan) Ltd stock PB Ratio (=0.76) is close to 2-year low of 0.7.
The historical rank and industry rank for Evergreen Marine (Taiwan)'s PB Ratio or its related term are showing as below:
TPE:2603'
s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 0.84 Max: 6.06
Current: 0.78
During the past 13 years, Evergreen Marine (Taiwan)'s highest PB Ratio was 6.06. The lowest was 0.47. And the median was 0.84.
TPE:2603's PB Ratio is ranked better than 72.85% of 965
companies
in the Transportation industry
Industry Median: 1.25
vs TPE:2603: 0.78
During the past 12 months, Evergreen Marine (Taiwan)'s average Book Value Per Share Growth Rate was -2.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 32.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 29.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Evergreen Marine (Taiwan) was 92.80% per year. The lowest was -4.90% per year. And the median was 0.30% per year.
Back to Basics: PB Ratio
Evergreen Marine (Taiwan) (TPE:2603) 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.
Evergreen Marine (Taiwan) PB Ratio Related Terms
Evergreen Marine (Taiwan) PB Ratio Historical Data
* 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.
Evergreen Marine (Taiwan) PB Ratio Competitor Comparison
For the Marine Shipping subindustry, Evergreen Marine (Taiwan)'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.
Evergreen Marine (Taiwan) PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Evergreen Marine (Taiwan)'s PB Ratio distribution charts can be found below:
* The bar in red indicates where Evergreen Marine (Taiwan)'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.
Evergreen Marine (Taiwan) (TPE:2603) has a PB Ratio of 0.78 as of Jul. 23, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Evergreen Marine (Taiwan) and its competitors. This is near median its historical median of 0.84. Over the past decade, Evergreen Marine (Taiwan)'s PB Ratio has ranged from 0.47 to 6.06. According to the industry distribution chart, Evergreen Marine (Taiwan) ranks #262 out of 965 companies in the Transportation industry, placing it in the top 27.2%.
Is Evergreen Marine (Taiwan)'s PB Ratio too high?
Evergreen Marine (Taiwan)'s current PB Ratio of 0.78 is near median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 6.06. The Transportation industry median PB Ratio is 1.25. Evergreen Marine (Taiwan)'s value of 0.78 is 37.6% below this industry median. Based on the distribution chart, Evergreen Marine (Taiwan) ranks #262 out of 965 companies in the Transportation industry, which is above the industry midpoint. Overall, Evergreen Marine (Taiwan) has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evergreen Marine (Taiwan)'s PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Evergreen Marine (Taiwan) ranks #262 out of 965 companies for PB Ratio. This puts Evergreen Marine (Taiwan) in the upper half of its industry. The industry median PB Ratio is 1.25. Evergreen Marine (Taiwan)'s value of 0.78 is 37.6% below this benchmark. Historically, Evergreen Marine (Taiwan)'s own PB Ratio has ranged from 0.47 to 6.06 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 1.25, Evergreen Marine (Taiwan) 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 Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 965 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. Evergreen Marine (Taiwan)'s current PB Ratio of 0.78 is 37.6% 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 Evergreen Marine (Taiwan) and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evergreen Marine (Taiwan)'s current PB Ratio is 0.78, which is near median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Marine (Taiwan) stock overvalued right now?
Based on GuruFocus' analysis, Evergreen Marine (Taiwan) (TPE:2603) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$176.20, compared to a current price of NT$203.50 — trading 15.5% above its estimated fair value. The current PB Ratio is 0.78, which is near median its 10-year median of 0.84 and 37.6% below the Transportation industry median of 1.25. Evergreen Marine (Taiwan)'s overall GF Score™ is 91/100 with 8 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 Evergreen Marine (Taiwan) (TPE:2603), the current PB Ratio is 0.78 as of Jul. 23, 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 Evergreen Marine (Taiwan) (TPE:2603) Overvalued in 2026?
Based on GuruFocus' analysis, Evergreen Marine (Taiwan) stock appears to be overvalued.
The current stock price of NT$203.50 is trading 15.5% above its estimated GF Value™ of NT$176.20.
GuruFocus considers Evergreen Marine (Taiwan) to be Modestly Overvalued.
Key valuation signals for TPE:2603:
PB Ratio: 0.78 (near median its 10-year median of 0.84)
GF Value™: NT$176.20 vs. price of NT$203.50 (15.5% above fair value)
Industry Position: 37.6% below the Transportation median (#262 of 965)
No single metric tells the full story. See the TPE:2603 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evergreen Marine Corp (Taiwan) Ltd is mainly engaged in domestic and international marine transportation, shipping agency services, commercial port area ship repair services, and the distribution of containers. Along with its subsidiaries, it operates in the following reportable segments: Transportation Department, which derives maximum revenue, and Other Departments. Geographically, the group generates maximum revenue from Asia (excluding Taiwan), followed by Taiwan, America, Europe, and other regions.
91GF Score
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