Deep Source Holdings (FRA:TM4C) PB Ratio: 1.02 (As of Jul. 30, 2026) — 47% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:TM4C Deep Source Holdings Ltd FRA:TM4C
53 GF Score
Price €0.06
GF Value €0.02
! 7 Warning Signs
View Full Analysis

What is Deep Source Holdings PB Ratio?

Deep Source Holdings FRA:TM4C 53 PB Ratio is 1.02 as of Jul. 30, 2026, which is 47% below its 10-year median of 1.93. GuruFocus rates FRA:TM4C with a GF Score™ of 53/100 and a GF Value™ of €0.02. The stock has 7 warning signs investors should review. Among 611 Steel companies, Deep Source Holdings ranks worse than 52.05% on this metric.

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 (2026-07-30), Deep Source Holdings's share price is €0.057. Deep Source Holdings's Book Value per Share for the quarter that ended in Dec. 2025 was €0.06. Hence, Deep Source Holdings's PB Ratio of today is 1.02.

Good Sign:

Deep Source Holdings Ltd stock PB Ratio (=0.99) is close to 1-year low of 0.99.

The historical rank and industry rank for Deep Source Holdings's PB Ratio or its related term are showing as below:

FRA:TM4C' s PB Ratio Range Over the Past 10 Years
Min: 0.76   Med: 1.93   Max: 19.45
Current: 0.99

During the past 13 years, Deep Source Holdings's highest PB Ratio was 19.45. The lowest was 0.76. And the median was 1.93.

FRA:TM4C's PB Ratio is ranked worse than
52.05% of 611 companies
in the Steel industry
Industry Median: 0.95 vs FRA:TM4C: 0.99

During the past 12 months, Deep Source Holdings's average Book Value Per Share Growth Rate was 13.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 14.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 27.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 38.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Deep Source Holdings was 131.00% per year. The lowest was -50.70% per year. And the median was 24.30% per year.

Back to Basics: PB Ratio


Deep Source Holdings  (FRA:TM4C) 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.


Deep Source Holdings PB Ratio Related Terms


Deep Source Holdings PB Ratio Historical Data

* Premium members only.

The historical data trend for Deep Source Holdings'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.

Deep Source Holdings PB Ratio Chart

Deep Source Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.24 2.23 0.92 0.77 1.35

Deep Source Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 1.01 0.77 1.38 1.35

FRA:TM4C vs NUE, STLD, RS: PB Ratio Comparison

For the Steel subindustry, Deep Source Holdings'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.


Deep Source Holdings PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Deep Source Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Deep Source Holdings's PB Ratio falls into.


FRA:TM4C
53GF Score
Deep Source Holdings Ltd FRA:TM4C
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deep Source Holdings 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.

Deep Source Holdings's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=0.057/0.056
=1.02

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.02 mean?
Deep Source Holdings (FRA:TM4C) has a PB Ratio of 1.02 as of Jul. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Deep Source Holdings and its competitors. This is 47% below median its historical median of 1.93. Over the past decade, Deep Source Holdings' PB Ratio has ranged from 0.76 to 19.45. According to the industry distribution chart, Deep Source Holdings ranks #318 out of 611 companies in the Steel industry, placing it in the top 52%.
Is Deep Source Holdings' PB Ratio too high?
Deep Source Holdings' current PB Ratio of 1.02 is 47% below median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 19.45. The Steel industry median PB Ratio is 0.95. Deep Source Holdings' value of 1.02 is 7.4% above this industry median. Based on the distribution chart, Deep Source Holdings ranks #318 out of 611 companies in the Steel industry, which is below the industry midpoint. Overall, Deep Source Holdings has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Deep Source Holdings' PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Deep Source Holdings ranks #318 out of 611 companies for PB Ratio. This places Deep Source Holdings in the lower half of its industry. The industry median PB Ratio is 0.95. Deep Source Holdings' value of 1.02 is 7.4% above this benchmark. Historically, Deep Source Holdings' own PB Ratio has ranged from 0.76 to 19.45 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 0.95, Deep Source Holdings has consistently been above 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 Steel company?
The median PB Ratio among Steel companies is 0.95, based on 611 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. Deep Source Holdings's current PB Ratio of 1.02 is 7.4% above 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 Deep Source Holdings and its competitors. For the Steel industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deep Source Holdings's current PB Ratio is 1.02, which is 47% below median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deep Source Holdings stock overvalued right now?
Deep Source Holdings (FRA:TM4C) has a current PB Ratio of 1.02. The stock's GF Value™ is €0.02, compared to a current price of €0.06 — trading 185% above its estimated fair value. The current PB Ratio is 1.02, which is 47% below median its 10-year median of 1.93 and 7.4% above the Steel industry median of 0.95. Deep Source Holdings' overall GF Score™ is 53/100 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 Deep Source Holdings (FRA:TM4C), the current PB Ratio is 1.02 as of Jul. 30, 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 Deep Source Holdings (FRA:TM4C) Overvalued in 2026?

Based on GuruFocus' analysis, Deep Source Holdings stock appears to be overvalued. The current stock price of €0.06 is trading 185% above its estimated GF Value™ of €0.02.

Key valuation signals for FRA:TM4C:

  • PB Ratio: 1.02 (47% below median its 10-year median of 1.93)
  • GF Value™: €0.02 vs. price of €0.06 (185% above fair value)
  • GF Score™: 53/100 with 7 warning signs
  • Industry Position: 7.4% above the Steel median (#318 of 611)

No single metric tells the full story. See the FRA:TM4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Deep Source Holdings Business Description

Other Exchanges 00990:Hong Kong
Address 168-200 Connaught Road Central, Unit 3401-03, 34th Floor, China Merchants Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG
Deep Source Holdings Ltd and its subsidiaries are principally engaged in two business segments. The distribution, trading, and processing business segment involves the distribution, trading, and processing of bulk commodities and related products in Hong Kong, Singapore, and the People's Republic of China. Financial services business segment that involves the provision of securities and derivatives financial services, margin financing, and fund management in Hong Kong and Singapore. It generates a vast majority of revenues from the distribution, trading, and processing segment in Singapore.
53GF Score

Get the complete analysis for FRA:TM4C

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.06
Price
€0.02
GF Value