Teledyne TechnologiesFRA:TYZ +1.13%93 PB Ratio is 2.69 as of Jun. 25, 2026, which is 3% below its 10-year median of 2.77. GuruFocus rates FRA:TYZ with a GF Score™ of 93/100 and a GF Value™ of €449.29 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,413 Hardware companies, Teledyne Technologies ranks worse than 53.58% on this metric.
The historical rank and industry rank for Teledyne Technologies's PB Ratio or its related term are showing as below:
FRA:TYZ'
s PB Ratio Range Over the Past 10 Years
Min: 1.9 Med: 2.77 Max: 5.24
Current: 2.68
During the past 13 years, Teledyne Technologies's highest PB Ratio was 5.24. The lowest was 1.90. And the median was 2.77.
FRA:TYZ's PB Ratio is ranked worse than 53.58% of 2413
companies
in the Hardware industry
Industry Median: 2.42
vs FRA:TYZ: 2.68
During the past 12 months, Teledyne Technologies's average Book Value Per Share Growth Rate was 9.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 21.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Teledyne Technologies was 49.00% per year. The lowest was 4.20% per year. And the median was 16.60% per year.
Back to Basics: PB Ratio
Teledyne Technologies (FRA:TYZ) 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.
* 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 Scientific & Technical Instruments subindustry, Teledyne Technologies'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.
Teledyne Technologies PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Teledyne Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where Teledyne Technologies'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.
Teledyne Technologies (FRA:TYZ) has a PB Ratio of 2.69 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 Teledyne Technologies and its competitors. This is near median its historical median of 2.77. Over the past decade, Teledyne Technologies' PB Ratio has ranged from 1.90 to 5.24. According to the industry distribution chart, Teledyne Technologies ranks #1293 out of 2413 companies in the Hardware industry, placing it in the top 53.6%.
Is Teledyne Technologies' PB Ratio too high?
Teledyne Technologies' current PB Ratio of 2.69 is near median its 10-year median of 2.77. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 5.24. The Hardware industry median PB Ratio is 2.42. Teledyne Technologies' value of 2.69 is 11.2% above this industry median. Based on the distribution chart, Teledyne Technologies ranks #1293 out of 2413 companies in the Hardware industry, which is below the industry midpoint. Overall, Teledyne Technologies has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Teledyne Technologies' PB Ratio compare to MKSI and FTV?
According to the Hardware industry distribution chart, Teledyne Technologies ranks #1293 out of 2413 companies for PB Ratio. This places Teledyne Technologies in the lower half of its industry. The industry median PB Ratio is 2.42. Teledyne Technologies' value of 2.69 is 11.2% above this benchmark. Historically, Teledyne Technologies' own PB Ratio has ranged from 1.90 to 5.24 over the past decade. While the company's 10-year median is 2.77 vs. the industry median of 2.42, Teledyne Technologies 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 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. Teledyne Technologies's current PB Ratio of 2.69 is 11.2% 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 Teledyne Technologies 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. Teledyne Technologies's current PB Ratio is 2.69, which is near median its own 10-year median of 2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teledyne Technologies stock overvalued right now?
Based on GuruFocus' analysis, Teledyne Technologies (FRA:TYZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €449.29, compared to a current price of €537.00 — trading 19.5% above its estimated fair value. The current PB Ratio is 2.69, which is near median its 10-year median of 2.77 and 11.2% above the Hardware industry median of 2.42. Teledyne Technologies' overall GF Score™ is 93/100 with 2 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 Teledyne Technologies (FRA:TYZ), the current PB Ratio is 2.69 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 Teledyne Technologies (FRA:TYZ) Overvalued in 2026?
Based on GuruFocus' analysis, Teledyne Technologies stock appears to be overvalued.
The current stock price of €537.00 is trading 19.5% above its estimated GF Value™ of €449.29.
GuruFocus considers Teledyne Technologies to be Modestly Overvalued.
Key valuation signals for FRA:TYZ:
PB Ratio: 2.69 (near median its 10-year median of 2.77)
GF Value™: €449.29 vs. price of €537.00 (19.5% above fair value)
Industry Position: 11.2% above the Hardware median (#1293 of 2413)
No single metric tells the full story. See the FRA:TYZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Teledyne Technologies Inc provides enabling technologies to sense, analyze and distribute information for industrial growth markets that require advanced technology and high reliability. The firm operates in four segments: Digital Imaging, Instrumentation, Aerospace and Defense Electronics, and Engineered Systems. The Digital Imaging segment, that derives maximum revenue, includes high-performance sensors, cameras and systems, within the visible, infrared and X-ray spectra for use in industrial, government and medical applications, as well as MEMS and high-performance, high-reliability semiconductors including analog-to-digital and digital-to-analog converters. Geographically, the company operates in United States, Europe, Asia, and All other.
93GF Score
Get the complete analysis for FRA:TYZ
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:TYZ has been successfully added to your 
