Formosa Taffeta Co (TPE:1434) PB Ratio : 0.78 (As of May. 13, 2024)

View and export this data going back to 1985. Start your Free Trial

What is Formosa Taffeta Co PB Ratio?

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 (2024-05-13), Formosa Taffeta Co's share price is NT$23.40. Formosa Taffeta Co's Book Value per Share for the quarter that ended in Mar. 2024 was NT$29.83. Hence, Formosa Taffeta Co's PB Ratio of today is 0.78.

The historical rank and industry rank for Formosa Taffeta Co's PB Ratio or its related term are showing as below:

TPE:1434' s PB Ratio Range Over the Past 10 Years
Min: 0.66 Med: 0.85 Max: 1.29
Current: 0.78

During the past 13 years, Formosa Taffeta Co's highest PB Ratio was 1.29. The lowest was 0.66. And the median was 0.85.

TPE:1434's PB Ratio is ranked better than
71.27% of 1006 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.23 vs TPE:1434: 0.78

During the past 12 months, Formosa Taffeta Co's average Book Value Per Share Growth Rate was -9.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -4.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 1.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Formosa Taffeta Co was 12.30% per year. The lowest was -4.60% per year. And the median was -1.30% per year.

Back to Basics: PB Ratio

Formosa Taffeta Co PB Ratio Historical Data

The historical data trend for Formosa Taffeta 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.

* Premium members only.

Formosa Taffeta Co PB Ratio Chart

Formosa Taffeta Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

Get a 7-Day Free Trial

0.90

0.85

0.79

0.81

0.78

Formosa Taffeta Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															0.85	0.85	0.78	0.78	0.75

Competitive Comparison of Formosa Taffeta Co's PB Ratio

For the Textile Manufacturing subindustry, Formosa Taffeta 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.

Formosa Taffeta Co's PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Formosa Taffeta Co's PB Ratio falls into.

Formosa Taffeta Co 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.

Formosa Taffeta Co's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	23.40	/	29.827
	=	0.78

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Formosa Taffeta Co (TPE:1434) 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.

Formosa Taffeta Co PB Ratio Related Terms

Thank you for viewing the detailed overview of Formosa Taffeta Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Formosa Taffeta Co (TPE:1434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Formosa Taffeta Co Ltd (TPE:1434) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

317, Shuliou RD, Touliou, TWN, 640

Website

http://www.ftc.com.tw

Formosa Taffeta Co Ltd is a Taiwan-based company that is principally involved in the textile industry. The company's business segments include first business segment, which is primarily involved in production and sale of woven, dyeing & finishing products, and management of overseas subsidiaries' plants; the cord fabric segment, which primarily produces and offers tire cords; the gasoline segment, which offers gasoline and car washing, and Other segment. The first business segment and the cord fabric segment jointly contribute more than half of the company's total revenue.

Formosa Taffeta Co (TPE:1434) Headlines

No Headlines