Pou Chen (TPE:9904) PB Ratio: 0.51 (As of Jul. 16, 2026) — 39% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:9904 Pou Chen Corp TPE:9904
85 GF Score
Price NT$24.30
GF Value NT$30.89
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Pou Chen PB Ratio?

Pou Chen TPE:9904 +1.04% 85 PB Ratio is 0.51 as of Jul. 16, 2026, which is 39% below its 10-year median of 0.83. GuruFocus rates TPE:9904 with a GF Score™ of 85/100 and a GF Value™ of NT$30.89 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,000 Manufacturing - Apparel & Accessories companies, Pou Chen ranks better than 80.1% 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), Pou Chen's share price is NT$24.30. Pou Chen's Book Value per Share for the quarter that ended in Dec. 2025 was NT$47.81. Hence, Pou Chen's PB Ratio of today is 0.51.

Good Sign:

Pou Chen Corp stock PB Ratio (=0.51) is close to 10-year low of 0.51.

The historical rank and industry rank for Pou Chen's PB Ratio or its related term are showing as below:

TPE:9904' s PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.83   Max: 1.91
Current: 0.52

During the past 13 years, Pou Chen's highest PB Ratio was 1.91. The lowest was 0.51. And the median was 0.83.

TPE:9904's PB Ratio is ranked better than
80.1% of 1000 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.08 vs TPE:9904: 0.52

During the past 12 months, Pou Chen's average Book Value Per Share Growth Rate was -0.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 9.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 7.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Pou Chen was 21.40% per year. The lowest was -3.00% per year. And the median was 7.20% per year.

Back to Basics: PB Ratio


Pou Chen  (TPE:9904) 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.


Pou Chen PB Ratio Related Terms


Pou Chen PB Ratio Historical Data

* Premium members only.

The historical data trend for Pou Chen'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.

Pou Chen PB Ratio Chart

Pou Chen Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.94 0.72 0.77 0.63

Pou Chen Quarterly Data
Mar21 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 0.77 0.73 0.77 0.63 0.63

TPE:9904 vs NKE, DECK, ONON: PB Ratio Comparison

For the Footwear & Accessories subindustry, Pou Chen'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.


Pou Chen PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Pou Chen's PB Ratio distribution charts can be found below:

* The bar in red indicates where Pou Chen's PB Ratio falls into.


TPE:9904
85GF Score
Pou Chen Corp TPE:9904
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pou Chen 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.

Pou Chen's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=24.30/47.814
=0.51

* 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 0.51 mean?
Pou Chen (TPE:9904) has a PB Ratio of 0.51 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 Pou Chen and its competitors. This is 39% below median its historical median of 0.83. Over the past decade, Pou Chen's PB Ratio has ranged from 0.51 to 1.91. According to the industry distribution chart, Pou Chen ranks #199 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 19.9%.
Is Pou Chen's PB Ratio too high?
Pou Chen's current PB Ratio of 0.51 is 39% below median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.91. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.08. Pou Chen's value of 0.51 is 52.8% below this industry median. Based on the distribution chart, Pou Chen ranks #199 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Pou Chen has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pou Chen's PB Ratio compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Pou Chen ranks #199 out of 1000 companies for PB Ratio. This places Pou Chen in the top 20% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.08. Pou Chen's value of 0.51 is 52.8% below this benchmark. Historically, Pou Chen's own PB Ratio has ranged from 0.51 to 1.91 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 1.08, Pou Chen 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 a Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.08, based on 1,000 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. Pou Chen's current PB Ratio of 0.51 is 52.8% 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 Pou Chen and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pou Chen's current PB Ratio is 0.51, which is 39% below median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pou Chen stock overvalued right now?
Based on GuruFocus' analysis, Pou Chen (TPE:9904) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.89, compared to a current price of NT$24.30 — trading 21.3% below its estimated fair value. The current PB Ratio is 0.51, which is 39% below median its 10-year median of 0.83 and 52.8% below the Manufacturing - Apparel & Accessories industry median of 1.08. Pou Chen's overall GF Score™ is 85/100 with 4 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 Pou Chen (TPE:9904), the current PB Ratio is 0.51 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 Pou Chen (TPE:9904) Overvalued in 2026?

Based on GuruFocus' analysis, Pou Chen stock appears to be undervalued. The current stock price of NT$24.30 is trading 21.3% below its estimated GF Value™ of NT$30.89. GuruFocus considers Pou Chen to be Modestly Undervalued.

Key valuation signals for TPE:9904:

  • PB Ratio: 0.51 (39% below median its 10-year median of 0.83)
  • GF Value™: NT$30.89 vs. price of NT$24.30 (21.3% below fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 52.8% below the Manufacturing - Apparel & Accessories median (#199 of 1000)

No single metric tells the full story. See the TPE:9904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pou Chen Business Description

Address No. 600, Section 4, Taiwan Boulevard, Xitun District, Taichung, TWN, 40764
Pou Chen Corp the manufacture and sale of various kinds of shoes and the import and export of related products and materials. The company invests in and other footwear-related companies.
85GF Score

Get the complete analysis for TPE:9904

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

NT$24.30
Price
NT$30.89
GF Value