Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Starlux Airlines CoTPE:2646 -1.62%48 PB Ratio is 2.03 as of Jul. 19, 2026, which is 27% below its 10-year median of 2.78. GuruFocus rates TPE:2646 with a GF Score™ of 48/100 and a GF Value™ of NT$31.95 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 966 Transportation companies, Starlux Airlines Co ranks worse than 71.12% on this metric.
Starlux Airlines Co Ltd stock PB Ratio (=2.03) is close to 5-year low of 1.93.
The historical rank and industry rank for Starlux Airlines Co's PB Ratio or its related term are showing as below:
TPE:2646'
s PB Ratio Range Over the Past 10 Years
Min: 1.93 Med: 2.78 Max: 6.56
Current: 2.03
During the past 7 years, Starlux Airlines Co's highest PB Ratio was 6.56. The lowest was 1.93. And the median was 2.78.
TPE:2646's PB Ratio is ranked worse than 71.12% of 966
companies
in the Transportation industry
Industry Median: 1.235
vs TPE:2646: 2.03
During the past 12 months, Starlux Airlines Co's average Book Value Per Share Growth Rate was 5.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 52.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 43.90% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Starlux Airlines Co was 64.70% per year. The lowest was 8.80% per year. And the median was 41.85% per year.
Back to Basics: PB Ratio
Starlux Airlines Co (TPE:2646) 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.
Starlux Airlines Co PB Ratio Related Terms
Starlux Airlines Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Starlux Airlines 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.
For the Airlines subindustry, Starlux Airlines 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.
Starlux Airlines Co PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Starlux Airlines Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Starlux Airlines Co'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.
Starlux Airlines Co (TPE:2646) has a PB Ratio of 2.03 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Starlux Airlines Co and its competitors. This is 27% below median its historical median of 2.78. Over the past decade, Starlux Airlines Co's PB Ratio has ranged from 1.93 to 6.56. According to the industry distribution chart, Starlux Airlines Co ranks #687 out of 966 companies in the Transportation industry, placing it in the top 71.1%.
Is Starlux Airlines Co's PB Ratio too high?
Starlux Airlines Co's current PB Ratio of 2.03 is 27% below median its 10-year median of 2.78. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 6.56. The Transportation industry median PB Ratio is 1.24. Starlux Airlines Co's value of 2.03 is 64.4% above this industry median. Based on the distribution chart, Starlux Airlines Co ranks #687 out of 966 companies in the Transportation industry, which is below the industry midpoint. Overall, Starlux Airlines Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Starlux Airlines Co's PB Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Starlux Airlines Co ranks #687 out of 966 companies for PB Ratio. This places Starlux Airlines Co in the lower half of its industry. The industry median PB Ratio is 1.24. Starlux Airlines Co's value of 2.03 is 64.4% above this benchmark. Historically, Starlux Airlines Co's own PB Ratio has ranged from 1.93 to 6.56 over the past decade. While the company's 10-year median is 2.78 vs. the industry median of 1.24, Starlux Airlines Co 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 1.24, based on 966 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. Starlux Airlines Co's current PB Ratio of 2.03 is 64.4% 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 Starlux Airlines Co and its competitors. For the Transportation industry, the median PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starlux Airlines Co's current PB Ratio is 2.03, which is 27% below median its own 10-year median of 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starlux Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, Starlux Airlines Co (TPE:2646) is currently considered Possible Value Trap. The stock's GF Value™ is NT$31.95, compared to a current price of NT$21.20 — trading 33.6% below its estimated fair value. The current PB Ratio is 2.03, which is 27% below median its 10-year median of 2.78 and 64.4% above the Transportation industry median of 1.24. Starlux Airlines Co's overall GF Score™ is 48/100 with 9 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 Starlux Airlines Co (TPE:2646), the current PB Ratio is 2.03 as of Jul. 19, 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 Starlux Airlines Co (TPE:2646) Overvalued in 2026?
Based on GuruFocus' analysis, Starlux Airlines Co stock appears to be undervalued.
The current stock price of NT$21.20 is trading 33.6% below its estimated GF Value™ of NT$31.95.
GuruFocus considers Starlux Airlines Co to be Possible Value Trap.
Key valuation signals for TPE:2646:
PB Ratio: 2.03 (27% below median its 10-year median of 2.78)
GF Value™: NT$31.95 vs. price of NT$21.20 (33.6% below fair value)
Industry Position: 64.4% above the Transportation median (#687 of 966)
No single metric tells the full story. See the TPE:2646 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starlux Airlines Co Ltd is an airline company that offers airline services. The company provides civil air transportation, civil aviation personnel training, and other services. It offers flights to more than ten Northeast Asia, Southeast Asia, and Macau destinations. Geographically, the company generates maximum revenue from Taiwan, and the rest from Asia (excluding Taiwan), North America, and other regions.
48GF Score
Get the complete analysis for TPE:2646
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:2646 has been successfully added to your 
