Deswell IndustriesDSWL +5.58%64 PB Ratio is 0.56 as of Jun. 25, 2026, which is 8% above its 10-year median of 0.52. GuruFocus rates DSWL with a GF Score™ of 64/100 and a GF Value™ of $2.17 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,413 Hardware companies, Deswell Industries ranks better than 91.96% on this metric.
The historical rank and industry rank for Deswell Industries's PB Ratio or its related term are showing as below:
DSWL'
s PB Ratio Range Over the Past 10 Years
Min: 0.32 Med: 0.52 Max: 0.97
Current: 0.56
During the past 13 years, Deswell Industries's highest PB Ratio was 0.97. The lowest was 0.32. And the median was 0.52.
DSWL's PB Ratio is ranked better than 91.96% of 2413
companies
in the Hardware industry
Industry Median: 2.42
vs DSWL: 0.56
During the past 12 months, Deswell Industries's average Book Value Per Share Growth Rate was 7.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Deswell Industries was 24.30% per year. The lowest was -8.30% per year. And the median was 2.95% per year.
Back to Basics: PB Ratio
Deswell Industries (NAS:DSWL) 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.
Deswell Industries PB Ratio Related Terms
Deswell Industries PB Ratio Historical Data
* Premium members only.
The historical data trend for Deswell Industries'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 Electronic Components subindustry, Deswell Industries'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.
Deswell Industries PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Deswell Industries's PB Ratio distribution charts can be found below:
* The bar in red indicates where Deswell Industries'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.
Deswell Industries (DSWL) has a PB Ratio of 0.56 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Deswell Industries and its competitors. This is near median its historical median of 0.52. Over the past decade, Deswell Industries' PB Ratio has ranged from 0.32 to 0.97. According to the industry distribution chart, Deswell Industries ranks #194 out of 2413 companies in the Hardware industry, placing it in the top 8%.
Is Deswell Industries' PB Ratio too high?
Deswell Industries' current PB Ratio of 0.56 is near median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.97. The Hardware industry median PB Ratio is 2.42. Deswell Industries' value of 0.56 is 76.9% below this industry median. Based on the distribution chart, Deswell Industries ranks #194 out of 2413 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Deswell Industries has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deswell Industries' PB Ratio compare to WBX and HOLO?
According to the Hardware industry distribution chart, Deswell Industries ranks #194 out of 2413 companies for PB Ratio. This places Deswell Industries in the top 8% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.42. Deswell Industries' value of 0.56 is 76.9% below this benchmark. Historically, Deswell Industries' own PB Ratio has ranged from 0.32 to 0.97 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 2.42, Deswell Industries 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 2.42, based on 2,413 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. Deswell Industries's current PB Ratio of 0.56 is 76.9% 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 Deswell Industries and its competitors. For the Hardware industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deswell Industries's current PB Ratio is 0.56, which is near median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deswell Industries stock overvalued right now?
Based on GuruFocus' analysis, Deswell Industries (DSWL) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.17, compared to a current price of $3.88 — trading 78.8% above its estimated fair value. The current PB Ratio is 0.56, which is near median its 10-year median of 0.52 and 76.9% below the Hardware industry median of 2.42. Deswell Industries' overall GF Score™ is 64/100 with 5 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 Deswell Industries (DSWL), the current PB Ratio is 0.56 as of Jun. 25, 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 Deswell Industries (DSWL) Overvalued in 2026?
Based on GuruFocus' analysis, Deswell Industries stock appears to be overvalued.
The current stock price of $3.88 is trading 78.8% above its estimated GF Value™ of $2.17.
GuruFocus considers Deswell Industries to be Significantly Overvalued.
Key valuation signals for DSWL:
PB Ratio: 0.56 (near median its 10-year median of 0.52)
GF Value™: $2.17 vs. price of $3.88 (78.8% above fair value)
Industry Position: 76.9% below the Hardware median (#194 of 2413)
No single metric tells the full story. See the DSWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deswell Industries Inc is engaged in the manufacturing and selling of injection-molded plastic parts and components. In addition, it also offers manufacturing services for electronic products and subassemblies and manufactures metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. The company conducts all of its manufacturing activities at separate plastics, electronics and metallic operation factories located in the People's Republic of China. It operates through the Plastic Injection Molding and Electronic Products Assembling segments. The firm offers products such as automobile components, medical testing equipment, parts for audio equipment, av receivers, active subwoofers, digital system key sets, communication products and others.
64GF Score
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