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Mercuries & AssociatesTPE:2905 -1.94%69 PB Ratio is 1.02 as of Jul. 19, 2026, which is 1% above its 10-year median of 1.01. GuruFocus rates TPE:2905 with a GF Score™ of 69/100 and a GF Value™ of NT$11.46 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 497 Insurance companies, Mercuries & Associates ranks better than 67% on this metric.
Mercuries & Associates Ltd stock PB Ratio (=1.02) is close to 3-year high of 1.13.
The historical rank and industry rank for Mercuries & Associates's PB Ratio or its related term are showing as below:
TPE:2905'
s PB Ratio Range Over the Past 10 Years
Min: 0.56 Med: 1.01 Max: 1.51
Current: 1.02
During the past 13 years, Mercuries & Associates's highest PB Ratio was 1.51. The lowest was 0.56. And the median was 1.01.
TPE:2905's PB Ratio is ranked better than 67% of 497
companies
in the Insurance industry
Industry Median: 1.41
vs TPE:2905: 1.02
During the past 12 months, Mercuries & Associates's average Book Value Per Share Growth Rate was -4.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -7.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mercuries & Associates was 18.60% per year. The lowest was -21.20% per year. And the median was 6.10% per year.
Back to Basics: PB Ratio
Mercuries & Associates (TPE:2905) 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.
* 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 Insurance - Life subindustry, Mercuries & Associates'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.
Mercuries & Associates PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Mercuries & Associates's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mercuries & Associates'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.
Mercuries & Associates (TPE:2905) has a PB Ratio of 1.02 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 Mercuries & Associates and its competitors. This is near median its historical median of 1.01. Over the past decade, Mercuries & Associates' PB Ratio has ranged from 0.56 to 1.51. According to the industry distribution chart, Mercuries & Associates ranks #164 out of 497 companies in the Insurance industry, placing it in the top 33%.
Is Mercuries & Associates' PB Ratio too high?
Mercuries & Associates' current PB Ratio of 1.02 is near median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.51. The Insurance industry median PB Ratio is 1.41. Mercuries & Associates' value of 1.02 is 27.7% below this industry median. Based on the distribution chart, Mercuries & Associates ranks #164 out of 497 companies in the Insurance industry, which is above the industry midpoint. Overall, Mercuries & Associates has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercuries & Associates' PB Ratio compare to AFL and MET?
According to the Insurance industry distribution chart, Mercuries & Associates ranks #164 out of 497 companies for PB Ratio. This puts Mercuries & Associates in the upper half of its industry. The industry median PB Ratio is 1.41. Mercuries & Associates' value of 1.02 is 27.7% below this benchmark. Historically, Mercuries & Associates' own PB Ratio has ranged from 0.56 to 1.51 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 1.41, Mercuries & Associates 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 an Insurance company?
The median PB Ratio among Insurance companies is 1.41, based on 497 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. Mercuries & Associates's current PB Ratio of 1.02 is 27.7% 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 Mercuries & Associates and its competitors. For the Insurance industry, the median PB Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercuries & Associates's current PB Ratio is 1.02, which is near median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercuries & Associates stock overvalued right now?
Based on GuruFocus' analysis, Mercuries & Associates (TPE:2905) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$11.46, compared to a current price of NT$15.20 — trading 32.6% above its estimated fair value. The current PB Ratio is 1.02, which is near median its 10-year median of 1.01 and 27.7% below the Insurance industry median of 1.41. Mercuries & Associates' overall GF Score™ is 69/100 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 Mercuries & Associates (TPE:2905), the current PB Ratio is 1.02 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 Mercuries & Associates (TPE:2905) Overvalued in 2026?
Based on GuruFocus' analysis, Mercuries & Associates stock appears to be overvalued.
The current stock price of NT$15.20 is trading 32.6% above its estimated GF Value™ of NT$11.46.
GuruFocus considers Mercuries & Associates to be Significantly Overvalued.
Key valuation signals for TPE:2905:
PB Ratio: 1.02 (near median its 10-year median of 1.01)
GF Value™: NT$11.46 vs. price of NT$15.20 (32.6% above fair value)
Industry Position: 27.7% below the Insurance median (#164 of 497)
No single metric tells the full story. See the TPE:2905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercuries & Associates Ltd is mainly engaged in finance and investment. The company is engaged in diversified businesses such as insurance, food and beverage, pharmaceutical, and IT integration. The segment of the company include Life insurance, Retail, Food and beverage, Food, IT service, Pharmaceutical, and Others. The company derives maximum revenue from the Life Insurance segment. Geographically, the company operates in domestic regions only.
69GF Score
Get the complete analysis for TPE:2905
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