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Nforce Secure PCLBKK:SECURE -1.39%92 PB Ratio is 1.81 as of Jul. 19, 2026, which is 14% below its 10-year median of 2.11. GuruFocus rates BKK:SECURE with a GF Score™ of 92/100 and a GF Value™ of ฿15.00 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,419 Hardware companies, Nforce Secure PCL ranks better than 58.25% on this metric.
The historical rank and industry rank for Nforce Secure PCL's PB Ratio or its related term are showing as below:
BKK:SECURE'
s PB Ratio Range Over the Past 10 Years
Min: 1.36 Med: 2.11 Max: 6.23
Current: 1.81
During the past 6 years, Nforce Secure PCL's highest PB Ratio was 6.23. The lowest was 1.36. And the median was 2.11.
BKK:SECURE's PB Ratio is ranked better than 58.25% of 2419
companies
in the Hardware industry
Industry Median: 2.19
vs BKK:SECURE: 1.81
During the past 12 months, Nforce Secure PCL's average Book Value Per Share Growth Rate was 7.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 34.50% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Nforce Secure PCL was 80.90% per year. The lowest was 8.00% per year. And the median was 8.00% per year.
Back to Basics: PB Ratio
Nforce Secure PCL (BKK:SECURE) 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.
Nforce Secure PCL PB Ratio Related Terms
Nforce Secure PCL PB Ratio Historical Data
* Premium members only.
The historical data trend for Nforce Secure PCL'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.
BKK:SECURE vs MSFT, ORCL, PLTR: PB Ratio Comparison
For the Electronics & Computer Distribution subindustry, Nforce Secure PCL'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.
Nforce Secure PCL PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Nforce Secure PCL's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nforce Secure PCL'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.
Nforce Secure PCL (BKK:SECURE) has a PB Ratio of 1.81 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nforce Secure PCL and its competitors. This is 14% below median its historical median of 2.11. Over the past decade, Nforce Secure PCL's PB Ratio has ranged from 1.36 to 6.23. According to the industry distribution chart, Nforce Secure PCL ranks #1010 out of 2419 companies in the Hardware industry, placing it in the top 41.8%.
Is Nforce Secure PCL's PB Ratio too high?
Nforce Secure PCL's current PB Ratio of 1.81 is 14% below median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 6.23. The Hardware industry median PB Ratio is 2.19. Nforce Secure PCL's value of 1.81 is 17.4% below this industry median. Based on the distribution chart, Nforce Secure PCL ranks #1010 out of 2419 companies in the Hardware industry, which is above the industry midpoint. Overall, Nforce Secure PCL has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nforce Secure PCL's PB Ratio compare to MSFT and ORCL?
According to the Hardware industry distribution chart, Nforce Secure PCL ranks #1010 out of 2419 companies for PB Ratio. This puts Nforce Secure PCL in the upper half of its industry. The industry median PB Ratio is 2.19. Nforce Secure PCL's value of 1.81 is 17.4% below this benchmark. Historically, Nforce Secure PCL's own PB Ratio has ranged from 1.36 to 6.23 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 2.19, Nforce Secure PCL 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 Hardware company?
The median PB Ratio among Hardware companies is 2.19, based on 2,419 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. Nforce Secure PCL's current PB Ratio of 1.81 is 17.4% 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 Nforce Secure PCL and its competitors. For the Hardware industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nforce Secure PCL's current PB Ratio is 1.81, which is 14% below median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nforce Secure PCL stock overvalued right now?
Based on GuruFocus' analysis, Nforce Secure PCL (BKK:SECURE) is currently considered Fairly Valued. The stock's GF Value™ is ฿15.00, compared to a current price of ฿14.20 — trading 5.3% below its estimated fair value. The current PB Ratio is 1.81, which is 14% below median its 10-year median of 2.11 and 17.4% below the Hardware industry median of 2.19. Nforce Secure PCL's overall GF Score™ is 92/100 with 3 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 Nforce Secure PCL (BKK:SECURE), the current PB Ratio is 1.81 as of Jul. 19, 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 Nforce Secure PCL (BKK:SECURE) Overvalued in 2026?
Based on GuruFocus' analysis, Nforce Secure PCL stock appears to be undervalued.
The current stock price of ฿14.20 is trading 5.3% below its estimated GF Value™ of ฿15.00.
GuruFocus considers Nforce Secure PCL to be Fairly Valued.
Key valuation signals for BKK:SECURE:
PB Ratio: 1.81 (14% below median its 10-year median of 2.11)
GF Value™: ฿15.00 vs. price of ฿14.20 (5.3% below fair value)
Industry Position: 17.4% below the Hardware median (#1010 of 2419)
No single metric tells the full story. See the BKK:SECURE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nforce Secure PCL is a distributor of cybersecurity solution products and offers other supporting services. It is mainly engaged in selling computer hardware and software, and all related equipment, network communication equipment and software, development of enterprise software and project management, and providing services for business consulting, risk assessment, planning, and training.
92GF Score
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