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Cleanaway CoTPE:8422 +2.08%86 PB Ratio is 3.64 as of Jul. 16, 2026, which is 6% above its 10-year median of 3.44. GuruFocus rates TPE:8422 with a GF Score™ of 86/100 and a GF Value™ of NT$21.41 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 226 Waste Management companies, Cleanaway Co ranks worse than 83.63% 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 (2026-07-16), Cleanaway Co's share price is NT$27.00. Cleanaway Co's Book Value per Share for the quarter that ended in Dec. 2025 was NT$7.43. Hence, Cleanaway Co's PB Ratio of today is 3.64.
The historical rank and industry rank for Cleanaway Co's PB Ratio or its related term are showing as below:
TPE:8422'
s PB Ratio Range Over the Past 10 Years
Min: 2.56 Med: 3.44 Max: 5.67
Current: 3.63
During the past 13 years, Cleanaway Co's highest PB Ratio was 5.67. The lowest was 2.56. And the median was 3.44.
TPE:8422's PB Ratio is ranked worse than 83.63% of 226
companies
in the Waste Management industry
Industry Median: 1.62
vs TPE:8422: 3.63
During the past 12 months, Cleanaway Co's average Book Value Per Share Growth Rate was 19.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Cleanaway Co was 105.50% per year. The lowest was 1.50% per year. And the median was 3.80% 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.
Cleanaway Co PB Ratio Related Terms
Cleanaway Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Cleanaway 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 Waste Management subindustry, Cleanaway 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.
Cleanaway Co PB Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Cleanaway Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Cleanaway 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.
Cleanaway Co'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.
Cleanaway Co (TPE:8422) has a PB Ratio of 3.64 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Cleanaway Co and its competitors. This is near median its historical median of 3.44. Over the past decade, Cleanaway Co's PB Ratio has ranged from 2.56 to 5.67. According to the industry distribution chart, Cleanaway Co ranks #189 out of 226 companies in the Waste Management industry, placing it in the top 83.6%.
Is Cleanaway Co's PB Ratio too high?
Cleanaway Co's current PB Ratio of 3.64 is near median its 10-year median of 3.44. Over the past 10 years, this metric has ranged from a low of 2.56 to a high of 5.67. The Waste Management industry median PB Ratio is 1.62. Cleanaway Co's value of 3.64 is 124.7% above this industry median. Based on the distribution chart, Cleanaway Co ranks #189 out of 226 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Cleanaway Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cleanaway Co's PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Cleanaway Co ranks #189 out of 226 companies for PB Ratio. This places Cleanaway Co in the lower half of its industry. The industry median PB Ratio is 1.62. Cleanaway Co's value of 3.64 is 124.7% above this benchmark. Historically, Cleanaway Co's own PB Ratio has ranged from 2.56 to 5.67 over the past decade. While the company's 10-year median is 3.44 vs. the industry median of 1.62, Cleanaway 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 Waste Management company?
The median PB Ratio among Waste Management companies is 1.62, based on 226 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. Cleanaway Co's current PB Ratio of 3.64 is 124.7% 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 Cleanaway Co and its competitors. For the Waste Management industry, the median PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleanaway Co's current PB Ratio is 3.64, which is near median its own 10-year median of 3.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleanaway Co stock overvalued right now?
Based on GuruFocus' analysis, Cleanaway Co (TPE:8422) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$21.41, compared to a current price of NT$27.00 — trading 26.1% above its estimated fair value. The current PB Ratio is 3.64, which is near median its 10-year median of 3.44 and 124.7% above the Waste Management industry median of 1.62. Cleanaway Co's overall GF Score™ is 86/100 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 Cleanaway Co (TPE:8422), the current PB Ratio is 3.64 as of Jul. 16, 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 Cleanaway Co (TPE:8422) Overvalued in 2026?
Based on GuruFocus' analysis, Cleanaway Co stock appears to be overvalued.
The current stock price of NT$27.00 is trading 26.1% above its estimated GF Value™ of NT$21.41.
GuruFocus considers Cleanaway Co to be Modestly Overvalued.
Key valuation signals for TPE:8422:
PB Ratio: 3.64 (near median its 10-year median of 3.44)
GF Value™: NT$21.41 vs. price of NT$27.00 (26.1% above fair value)
Industry Position: 124.7% above the Waste Management median (#189 of 226)
No single metric tells the full story. See the TPE:8422 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cleanaway Co Ltd is a Taiwan-based environmental protection and waste management company engaged in the treatment, recycling, transportation, and disposal of industrial and hazardous waste. The company operates through eight reportable segments: Solidification and Excavation, Landfill, Clean-up and Transport, China Operations, Investment, Paper Manufacturing, Power Sales, and Ready-Mixed Concrete. Its services include intermediate treatment of hazardous industrial waste, landfill operations, contaminated site remediation, waste removal and transportation, and environmental protection services. The company also manufactures paper products, sells renewable energy generated from solar power, and produces ready-mixed concrete.
86GF Score
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