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China AirlinesTPE:2610 -1.42%59 PB Ratio is 1.30 as of Jul. 16, 2026, which is 2% above its 10-year median of 1.28. GuruFocus rates TPE:2610 with a GF Score™ of 59/100 and a GF Value™ of NT$26.09 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 965 Transportation companies, China Airlines ranks worse than 52.12% 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), China Airlines's share price is NT$20.90. China Airlines's Book Value per Share for the quarter that ended in Dec. 2025 was NT$16.05. Hence, China Airlines's PB Ratio of today is 1.30.
Warning Sign:
China Airlines Ltd stock PB Ratio (=1.33) is close to 1-year high of 1.45.
The historical rank and industry rank for China Airlines's PB Ratio or its related term are showing as below:
TPE:2610'
s PB Ratio Range Over the Past 10 Years
Min: 0.55 Med: 1.28 Max: 2.6
Current: 1.3
During the past 13 years, China Airlines's highest PB Ratio was 2.60. The lowest was 0.55. And the median was 1.28.
TPE:2610's PB Ratio is ranked worse than 52.12% of 965
companies
in the Transportation industry
Industry Median: 1.25
vs TPE:2610: 1.30
During the past 12 months, China Airlines's average Book Value Per Share Growth Rate was 12.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Airlines was 11.30% per year. The lowest was -24.10% per year. And the median was 1.40% 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.
China Airlines PB Ratio Related Terms
China Airlines PB Ratio Historical Data
* Premium members only.
The historical data trend for China Airlines'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 Airlines subindustry, China Airlines'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.
China Airlines PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, China Airlines's PB Ratio distribution charts can be found below:
* The bar in red indicates where China Airlines'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.
China Airlines's PB Ratio for today is calculated as follows:
* 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.
China Airlines (TPE:2610) has a PB Ratio of 1.30 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 China Airlines and its competitors. This is near median its historical median of 1.28. Over the past decade, China Airlines' PB Ratio has ranged from 0.55 to 2.60. According to the industry distribution chart, China Airlines ranks #503 out of 965 companies in the Transportation industry, placing it in the top 52.1%.
Is China Airlines' PB Ratio too high?
China Airlines' current PB Ratio of 1.30 is near median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.60. The Transportation industry median PB Ratio is 1.25. China Airlines' value of 1.30 is 4% above this industry median. Based on the distribution chart, China Airlines ranks #503 out of 965 companies in the Transportation industry, which is below the industry midpoint. Overall, China Airlines has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Airlines' PB Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, China Airlines ranks #503 out of 965 companies for PB Ratio. This places China Airlines in the lower half of its industry. The industry median PB Ratio is 1.25. China Airlines' value of 1.30 is 4% above this benchmark. Historically, China Airlines' own PB Ratio has ranged from 0.55 to 2.60 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 1.25, China Airlines 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 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. China Airlines's current PB Ratio of 1.30 is 4% 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 China Airlines 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. China Airlines's current PB Ratio is 1.30, which is near median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Airlines stock overvalued right now?
Based on GuruFocus' analysis, China Airlines (TPE:2610) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$26.09, compared to a current price of NT$20.90 — trading 19.9% below its estimated fair value. The current PB Ratio is 1.30, which is near median its 10-year median of 1.28 and 4% above the Transportation industry median of 1.25. China Airlines' overall GF Score™ is 59/100 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 China Airlines (TPE:2610), the current PB Ratio is 1.30 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 China Airlines (TPE:2610) Overvalued in 2026?
Based on GuruFocus' analysis, China Airlines stock appears to be undervalued.
The current stock price of NT$20.90 is trading 19.9% below its estimated GF Value™ of NT$26.09.
GuruFocus considers China Airlines to be Modestly Undervalued.
Key valuation signals for TPE:2610:
PB Ratio: 1.30 (near median its 10-year median of 1.28)
GF Value™: NT$26.09 vs. price of NT$20.90 (19.9% below fair value)
Industry Position: 4% above the Transportation median (#503 of 965)
No single metric tells the full story. See the TPE:2610 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Airlines Ltd provides air transportation services. The company is composed of its flight and non-flight segments. The flight segment is the core business of the firm and offers transport services primarily for passengers and cargo. A vast proportion of the companies revenue is generated from transporting passengers in its flight operating unit. The non-flight segment provides various services such as mail and ground solutions, data processing services to other airlines, aircraft maintenance, and aircraft leasing. It engages in air transportation services for passengers, cargo and others. The company's geographical segments include America, Northeast Asia, Southeast Asia, Europe, Australia, China, and Domestic.
59GF Score
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