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Wan Hai LinesTPE:2615 -0.12%79 PB Ratio is 0.86 as of Jul. 23, 2026, which is 21% below its 10-year median of 1.09. GuruFocus rates TPE:2615 with a GF Score™ of 79/100 and a GF Value™ of NT$72.15 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 965 Transportation companies, Wan Hai Lines ranks better than 68.7% 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 (2026-07-23), Wan Hai Lines's share price is NT$84.50. Wan Hai Lines's Book Value per Share for the quarter that ended in Dec. 2025 was NT$98.11. Hence, Wan Hai Lines's PB Ratio of today is 0.86.
Good Sign:
Wan Hai Lines Ltd stock PB Ratio (=0.81) is close to 2-year low of 0.75.
The historical rank and industry rank for Wan Hai Lines's PB Ratio or its related term are showing as below:
TPE:2615'
s PB Ratio Range Over the Past 10 Years
Min: 0.56 Med: 1.09 Max: 10.2
Current: 0.87
During the past 13 years, Wan Hai Lines's highest PB Ratio was 10.20. The lowest was 0.56. And the median was 1.09.
TPE:2615's PB Ratio is ranked better than 68.7% of 965
companies
in the Transportation industry
Industry Median: 1.25
vs TPE:2615: 0.87
During the past 12 months, Wan Hai Lines's average Book Value Per Share Growth Rate was 5.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 36.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 30.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Wan Hai Lines was 84.20% per year. The lowest was -2.80% per year. And the median was 4.60% 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.
Wan Hai Lines PB Ratio Related Terms
Wan Hai Lines PB Ratio Historical Data
* Premium members only.
The historical data trend for Wan Hai Lines'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 Marine Shipping subindustry, Wan Hai Lines'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.
Wan Hai Lines PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Wan Hai Lines's PB Ratio distribution charts can be found below:
* The bar in red indicates where Wan Hai Lines'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.
Wan Hai Lines'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.
Wan Hai Lines (TPE:2615) has a PB Ratio of 0.86 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 Wan Hai Lines and its competitors. This is 21% below median its historical median of 1.09. Over the past decade, Wan Hai Lines' PB Ratio has ranged from 0.56 to 10.20. According to the industry distribution chart, Wan Hai Lines ranks #302 out of 965 companies in the Transportation industry, placing it in the top 31.3%.
Is Wan Hai Lines' PB Ratio too high?
Wan Hai Lines' current PB Ratio of 0.86 is 21% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 10.20. The Transportation industry median PB Ratio is 1.25. Wan Hai Lines' value of 0.86 is 31.2% below this industry median. Based on the distribution chart, Wan Hai Lines ranks #302 out of 965 companies in the Transportation industry, which is above the industry midpoint. Overall, Wan Hai Lines has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wan Hai Lines' PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Wan Hai Lines ranks #302 out of 965 companies for PB Ratio. This puts Wan Hai Lines in the upper half of its industry. The industry median PB Ratio is 1.25. Wan Hai Lines' value of 0.86 is 31.2% below this benchmark. Historically, Wan Hai Lines' own PB Ratio has ranged from 0.56 to 10.20 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.25, Wan Hai Lines 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. Wan Hai Lines's current PB Ratio of 0.86 is 31.2% 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 Wan Hai Lines 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. Wan Hai Lines's current PB Ratio is 0.86, which is 21% below median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wan Hai Lines stock overvalued right now?
Based on GuruFocus' analysis, Wan Hai Lines (TPE:2615) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$72.15, compared to a current price of NT$84.50 — trading 17.1% above its estimated fair value. The current PB Ratio is 0.86, which is 21% below median its 10-year median of 1.09 and 31.2% below the Transportation industry median of 1.25. Wan Hai Lines' overall GF Score™ is 79/100 with 6 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 Wan Hai Lines (TPE:2615), the current PB Ratio is 0.86 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 Wan Hai Lines (TPE:2615) Overvalued in 2026?
Based on GuruFocus' analysis, Wan Hai Lines stock appears to be overvalued.
The current stock price of NT$84.50 is trading 17.1% above its estimated GF Value™ of NT$72.15.
GuruFocus considers Wan Hai Lines to be Modestly Overvalued.
Key valuation signals for TPE:2615:
PB Ratio: 0.86 (21% below median its 10-year median of 1.09)
GF Value™: NT$72.15 vs. price of NT$84.50 (17.1% above fair value)
Industry Position: 31.2% below the Transportation median (#302 of 965)
No single metric tells the full story. See the TPE:2615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wan Hai Lines Ltd is a transportation and logistics company domiciled in Taiwan. The company develops and operates terminals, container yards, and warehouses, and provides container shipping services through its fleet of vessels. Besides, the company constructs and maintains cargo containers, provides container loading and unloading services, and constructs and maintains ships. The company generates the majority of its revenue from Freight, Rentals, followed by WHL Terminals and Other services in geographical regions that include Asia, followed by India, the Middle East, America and the Red Sea.
79GF Score
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