Evergreen Aviation Technologies (TPE:2645) PB Ratio: 5.98 (As of Jul. 18, 2026) — 89% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2645 Evergreen Aviation Technologies Corp TPE:2645
66 GF Score
Price NT$216.50
GF Value NT$140.00
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Evergreen Aviation Technologies PB Ratio?

Evergreen Aviation Technologies TPE:2645 -6.48% 66 PB Ratio is 5.98 as of Jul. 18, 2026, which is 89% above its 10-year median of 3.17. GuruFocus rates TPE:2645 with a GF Score™ of 66/100 and a GF Value™ of NT$140.00 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 341 Aerospace & Defense companies, Evergreen Aviation Technologies ranks worse than 75.95% 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 (2026-07-18), Evergreen Aviation Technologies's share price is NT$216.50. Evergreen Aviation Technologies's Book Value per Share for the quarter that ended in Dec. 2025 was NT$36.21. Hence, Evergreen Aviation Technologies's PB Ratio of today is 5.98.

Warning Sign:

Evergreen Aviation Technologies Corp stock PB Ratio (=6.63) is close to 5-year high of 6.63.

The historical rank and industry rank for Evergreen Aviation Technologies's PB Ratio or its related term are showing as below:

TPE:2645' s PB Ratio Range Over the Past 10 Years
Min: 2.42   Med: 3.17   Max: 6.95
Current: 5.99

During the past 8 years, Evergreen Aviation Technologies's highest PB Ratio was 6.95. The lowest was 2.42. And the median was 3.17.

TPE:2645's PB Ratio is ranked worse than
75.95% of 341 companies
in the Aerospace & Defense industry
Industry Median: 3.48 vs TPE:2645: 5.99

During the past 12 months, Evergreen Aviation Technologies's average Book Value Per Share Growth Rate was 2.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.20% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Evergreen Aviation Technologies was 8.60% per year. The lowest was -8.80% per year. And the median was 5.40% per year.

Back to Basics: PB Ratio


Evergreen Aviation Technologies  (TPE:2645) 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.


Evergreen Aviation Technologies PB Ratio Related Terms


Evergreen Aviation Technologies PB Ratio Historical Data

* Premium members only.

The historical data trend for Evergreen Aviation Technologies'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.

Evergreen Aviation Technologies PB Ratio Chart

Evergreen Aviation Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 0.00 2.64 3.14 2.75 3.92

Evergreen Aviation Technologies Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.75 3.03 3.18 4.63 3.92

TPE:2645 vs SPCX, GE, RTX: PB Ratio Comparison

For the Aerospace & Defense subindustry, Evergreen Aviation Technologies'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 Aviation Technologies PB Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Evergreen Aviation Technologies's PB Ratio distribution charts can be found below:

* The bar in red indicates where Evergreen Aviation Technologies's PB Ratio falls into.


TPE:2645
66GF Score
Evergreen Aviation Technologies Corp TPE:2645
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Evergreen Aviation Technologies 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.

Evergreen Aviation Technologies's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=216.50/36.205
=5.98

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 5.98 mean?
Evergreen Aviation Technologies (TPE:2645) has a PB Ratio of 5.98 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Evergreen Aviation Technologies and its competitors. This is 89% above median its historical median of 3.17. Over the past decade, Evergreen Aviation Technologies' PB Ratio has ranged from 2.42 to 6.95. According to the industry distribution chart, Evergreen Aviation Technologies ranks #259 out of 341 companies in the Aerospace & Defense industry, placing it in the top 76%.
Is Evergreen Aviation Technologies' PB Ratio too high?
Evergreen Aviation Technologies' current PB Ratio of 5.98 is 89% above median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 6.95. The Aerospace & Defense industry median PB Ratio is 3.48. Evergreen Aviation Technologies' value of 5.98 is 71.8% above this industry median. Based on the distribution chart, Evergreen Aviation Technologies ranks #259 out of 341 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Evergreen Aviation Technologies has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Evergreen Aviation Technologies' PB Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Evergreen Aviation Technologies ranks #259 out of 341 companies for PB Ratio. This places Evergreen Aviation Technologies in the lower half of its industry. The industry median PB Ratio is 3.48. Evergreen Aviation Technologies' value of 5.98 is 71.8% above this benchmark. Historically, Evergreen Aviation Technologies' own PB Ratio has ranged from 2.42 to 6.95 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 3.48, Evergreen Aviation Technologies 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 an Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.48, based on 341 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 Aviation Technologies's current PB Ratio of 5.98 is 71.8% 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 Evergreen Aviation Technologies and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evergreen Aviation Technologies's current PB Ratio is 5.98, which is 89% above median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Aviation Technologies stock overvalued right now?
Based on GuruFocus' analysis, Evergreen Aviation Technologies (TPE:2645) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$140.00, compared to a current price of NT$216.50 — trading 54.6% above its estimated fair value. The current PB Ratio is 5.98, which is 89% above median its 10-year median of 3.17 and 71.8% above the Aerospace & Defense industry median of 3.48. Evergreen Aviation Technologies' overall GF Score™ is 66/100 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 Evergreen Aviation Technologies (TPE:2645), the current PB Ratio is 5.98 as of Jul. 18, 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 Aviation Technologies (TPE:2645) Overvalued in 2026?

Based on GuruFocus' analysis, Evergreen Aviation Technologies stock appears to be overvalued. The current stock price of NT$216.50 is trading 54.6% above its estimated GF Value™ of NT$140.00. GuruFocus considers Evergreen Aviation Technologies to be Significantly Overvalued.

Key valuation signals for TPE:2645:

  • PB Ratio: 5.98 (89% above median its 10-year median of 3.17)
  • GF Value™: NT$140.00 vs. price of NT$216.50 (54.6% above fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 71.8% above the Aerospace & Defense median (#259 of 341)

No single metric tells the full story. See the TPE:2645 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Evergreen Aviation Technologies Business Description

Address No. 6 Hang-Zhan South Road, Dayuan District, Taoyuan, TWN, 337
Evergreen Aviation Technologies Corp activities are maintenance, repair and overhaul of airframes, aircraft engines and accessories; manufacture, conversion and sale of airframes and engine parts; technical and management consulting for the preceding items; import and export of the preceding items; civil aviation personnel training; and airport ground handling service. It has two reportable segments Maintenance segment: maintenance of airframes, aircraft engines and accessories; and Manufacturing segment: manufacturing, processing and selling of aircraft engines and accessories. It generates majority of revenue from Maintenance segment. It has presence in Taiwan, Asia, North America, and Europe. The company generates majority of revenue from Taiwan.
66GF Score

Get the complete analysis for TPE:2645

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$216.50
Price
NT$140.00
GF Value