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 (2024-04-26), Taiwan Fund's share price is $37.73. Taiwan Fund's Book Value per Share for the quarter that ended in Aug. 2023 was $39.73. Hence, Taiwan Fund's PB Ratio of today is 0.95.
The historical rank and industry rank for Taiwan Fund's PB Ratio or its related term are showing as below:
TWN'
s PB Ratio Range Over the Past 10 Years
Min: 0.57 Med: 0.86 Max: 1.29
Current: 0.95
During the past 7 years, Taiwan Fund's highest PB Ratio was 1.29. The lowest was 0.57. And the median was 0.86.
TWN's PB Ratio is ranked worse than 53.96% of 1692
companies
in the Asset Management industry
Industry Median: 0.93
vs TWN: 0.95
During the past 12 months, Taiwan Fund's average Book Value Per Share Growth Rate was 32.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.80% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Taiwan Fund was 23.00% per year. The lowest was 6.10% per year. And the median was 12.10% per year.
Back to Basics: PB Ratio
Taiwan Fund PB Ratio Historical Data
The historical data trend for Taiwan Fund'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 Asset Management subindustry, Taiwan Fund'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.
Taiwan Fund's PB Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Taiwan Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Taiwan Fund's PB Ratio falls into.
Taiwan Fund 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.
Taiwan Fund'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.
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.
Taiwan Fund PB Ratio Related Terms
Thank you for viewing the detailed overview of Taiwan Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Taiwan Fund Inc is a diversified closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment predominantly in equity securities listed in Taiwan stock exchange and the Republic of China. In selecting the companies for investments fund's portfolio managers will consider overall growth prospects, competitive position in the respective industry technology, research, and development, productivity, profit margins, return on investment, capital resources, government regulation, management and other factors.
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