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Test Rite International CoTPE:2908 +0.23%65 PB Ratio is 1.58 as of Jul. 27, 2026, which is 2% above its 10-year median of 1.55. GuruFocus rates TPE:2908 with a GF Score™ of 65/100 and a GF Value™ of NT$18.31 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,083 Retail - Cyclical companies, Test Rite International Co ranks worse than 52.63% on this metric.
The historical rank and industry rank for Test Rite International Co's PB Ratio or its related term are showing as below:
TPE:2908'
s PB Ratio Range Over the Past 10 Years
Min: 1.3 Med: 1.55 Max: 2.11
Current: 1.58
During the past 13 years, Test Rite International Co's highest PB Ratio was 2.11. The lowest was 1.30. And the median was 1.55.
TPE:2908's PB Ratio is ranked worse than 52.63% of 1083
companies
in the Retail - Cyclical industry
Industry Median: 1.45
vs TPE:2908: 1.58
During the past 12 months, Test Rite International Co'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 -0.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.40% 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 Test Rite International Co was 10.00% per year. The lowest was -4.40% per year. And the median was 0.60% per year.
Back to Basics: PB Ratio
Test Rite International Co (TPE:2908) 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.
Test Rite International Co PB Ratio Related Terms
Test Rite International Co PB Ratio Historical Data
* 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 Home Improvement Retail subindustry, Test Rite International 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.
Test Rite International Co PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Test Rite International Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Test Rite International 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.
Test Rite International Co (TPE:2908) has a PB Ratio of 1.58 as of Jul. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Test Rite International Co and its competitors. This is near median its historical median of 1.55. Over the past decade, Test Rite International Co's PB Ratio has ranged from 1.30 to 2.11. According to the industry distribution chart, Test Rite International Co ranks #570 out of 1083 companies in the Retail - Cyclical industry, placing it in the top 52.6%.
Is Test Rite International Co's PB Ratio too high?
Test Rite International Co's current PB Ratio of 1.58 is near median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 2.11. The Retail - Cyclical industry median PB Ratio is 1.45. Test Rite International Co's value of 1.58 is 9% above this industry median. Based on the distribution chart, Test Rite International Co ranks #570 out of 1083 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Test Rite International Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Test Rite International Co's PB Ratio compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Test Rite International Co ranks #570 out of 1083 companies for PB Ratio. This places Test Rite International Co in the lower half of its industry. The industry median PB Ratio is 1.45. Test Rite International Co's value of 1.58 is 9% above this benchmark. Historically, Test Rite International Co's own PB Ratio has ranged from 1.30 to 2.11 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 1.45, Test Rite International 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 Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.45, based on 1,083 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. Test Rite International Co's current PB Ratio of 1.58 is 9% 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 Test Rite International Co and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Test Rite International Co's current PB Ratio is 1.58, which is near median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Test Rite International Co stock overvalued right now?
Based on GuruFocus' analysis, Test Rite International Co (TPE:2908) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$18.31, compared to a current price of NT$21.60 — trading 18% above its estimated fair value. The current PB Ratio is 1.58, which is near median its 10-year median of 1.55 and 9% above the Retail - Cyclical industry median of 1.45. Test Rite International Co's overall GF Score™ is 65/100 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 Test Rite International Co (TPE:2908), the current PB Ratio is 1.58 as of Jul. 27, 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 Test Rite International Co (TPE:2908) Overvalued in 2026?
Based on GuruFocus' analysis, Test Rite International Co stock appears to be overvalued.
The current stock price of NT$21.60 is trading 18% above its estimated GF Value™ of NT$18.31.
GuruFocus considers Test Rite International Co to be Modestly Overvalued.
Key valuation signals for TPE:2908:
PB Ratio: 1.58 (near median its 10-year median of 1.55)
GF Value™: NT$18.31 vs. price of NT$21.60 (18% above fair value)
Industry Position: 9% above the Retail - Cyclical median (#570 of 1083)
No single metric tells the full story. See the TPE:2908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Test Rite International Co Ltd is a Taiwan-based company that is principally engaged in the trading business and retail business. It mainly imports and exports hand tools, auto parts, machinery, furniture, and various home appliances. Test-Rite's marketplaces are located in the United States of America, Canada, Great Britain, France, Germany, Australia, etc.
65GF Score
Get the complete analysis for TPE:2908
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