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Merida Industry CoTPE:9914 -0.24%72 PB Ratio is 1.30 as of Jul. 18, 2026, which is 62% below its 10-year median of 3.44. GuruFocus rates TPE:9914 with a GF Score™ of 72/100 and a GF Value™ of NT$136.39 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 792 Travel & Leisure companies, Merida Industry Co ranks better than 55.81% on this metric.
The historical rank and industry rank for Merida Industry Co's PB Ratio or its related term are showing as below:
TPE:9914'
s PB Ratio Range Over the Past 10 Years
Min: 0.86 Med: 3.44 Max: 6.44
Current: 1.3
During the past 13 years, Merida Industry Co's highest PB Ratio was 6.44. The lowest was 0.86. And the median was 3.44.
TPE:9914's PB Ratio is ranked better than 55.81% of 792
companies
in the Travel & Leisure industry
Industry Median: 1.485
vs TPE:9914: 1.30
During the past 12 months, Merida Industry Co's average Book Value Per Share Growth Rate was 0.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Merida Industry Co was 20.20% per year. The lowest was -2.00% per year. And the median was 11.10% per year.
Back to Basics: PB Ratio
Merida Industry Co (TPE:9914) 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.
Merida Industry Co PB Ratio Related Terms
Merida Industry Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Merida Industry 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 Leisure subindustry, Merida Industry 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.
Merida Industry Co PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Merida Industry Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Merida Industry 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.
Merida Industry Co (TPE:9914) has a PB Ratio of 1.30 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Merida Industry Co and its competitors. This is 62% below median its historical median of 3.44. Over the past decade, Merida Industry Co's PB Ratio has ranged from 0.86 to 6.44. According to the industry distribution chart, Merida Industry Co ranks #350 out of 792 companies in the Travel & Leisure industry, placing it in the top 44.2%.
Is Merida Industry Co's PB Ratio too high?
Merida Industry Co's current PB Ratio of 1.30 is 62% below median its 10-year median of 3.44. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 6.44. The Travel & Leisure industry median PB Ratio is 1.49. Merida Industry Co's value of 1.30 is 12.5% below this industry median. Based on the distribution chart, Merida Industry Co ranks #350 out of 792 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Merida Industry Co has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's PB Ratio compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Merida Industry Co ranks #350 out of 792 companies for PB Ratio. This puts Merida Industry Co in the upper half of its industry. The industry median PB Ratio is 1.49. Merida Industry Co's value of 1.30 is 12.5% below this benchmark. Historically, Merida Industry Co's own PB Ratio has ranged from 0.86 to 6.44 over the past decade. While the company's 10-year median is 3.44 vs. the industry median of 1.49, Merida Industry Co 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 Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.49, based on 792 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. Merida Industry Co's current PB Ratio of 1.30 is 12.5% 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 Merida Industry Co and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merida Industry Co's current PB Ratio is 1.30, which is 62% below 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 Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$136.39, compared to a current price of NT$84.00 — trading 38.4% below its estimated fair value. The current PB Ratio is 1.30, which is 62% below median its 10-year median of 3.44 and 12.5% below the Travel & Leisure industry median of 1.49. Merida Industry Co's overall GF Score™ is 72/100 with 7 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 Merida Industry Co (TPE:9914), the current PB Ratio is 1.30 as of Jul. 18, 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 Merida Industry Co (TPE:9914) Overvalued in 2026?
Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued.
The current stock price of NT$84.00 is trading 38.4% below its estimated GF Value™ of NT$136.39.
GuruFocus considers Merida Industry Co to be Significantly Undervalued.
Key valuation signals for TPE:9914:
PB Ratio: 1.30 (62% below median its 10-year median of 3.44)
GF Value™: NT$136.39 vs. price of NT$84.00 (38.4% below fair value)
Industry Position: 12.5% below the Travel & Leisure median (#350 of 792)
No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
72GF Score
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