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TS LinesHKSE:02510 +5.62%20 PB Ratio is 1.31 as of Aug. 27, 2026, which is 52% above its 10-year median of 0.86. GuruFocus rates HKSE:02510 with a GF Score™ of 20/100. The stock has 8 warning signs investors should review. Among 968 Transportation companies, TS Lines ranks worse than 50.41% 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 (2026-08-27), TS Lines's share price is HK$13.52. TS Lines's Book Value per Share for the quarter that ended in Dec. 2025 was HK$10.29. Hence, TS Lines's PB Ratio of today is 1.31.
Warning Sign:
TS Lines Ltd stock PB Ratio (=1.31) is close to 2-year high of 1.31.
The historical rank and industry rank for TS Lines's PB Ratio or its related term are showing as below:
HKSE:02510'
s PB Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.86 Max: 1.31
Current: 1.31
During the past 5 years, TS Lines's highest PB Ratio was 1.31. The lowest was 0.45. And the median was 0.86.
HKSE:02510's PB Ratio is ranked worse than 50.41% of 968
companies
in the Transportation industry
Industry Median: 1.3
vs HKSE:02510: 1.31
During the past 12 months, TS Lines's average Book Value Per Share Growth Rate was 7.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of TS Lines was 10.50% per year. The lowest was -0.80% per year. And the median was 4.85% per year.
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.
TS Lines PB Ratio Related Terms
TS Lines PB Ratio Historical Data
* Premium members only.
The historical data trend for TS Lines'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 Marine Shipping subindustry, TS Lines'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.
TS Lines PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, TS Lines's PB Ratio distribution charts can be found below:
* The bar in red indicates where TS Lines'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.
TS Lines's PB Ratio for today is calculated as follows:
* 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.
TS Lines (HKSE:02510) has a PB Ratio of 1.31 as of Aug. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on TS Lines and its competitors. This is 52% above median its historical median of 0.86. Over the past decade, TS Lines' PB Ratio has ranged from 0.45 to 1.31. According to the industry distribution chart, TS Lines ranks #488 out of 968 companies in the Transportation industry, placing it in the top 50.4%.
Is TS Lines' PB Ratio too high?
TS Lines' current PB Ratio of 1.31 is 52% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.31. The Transportation industry median PB Ratio is 1.30. TS Lines' value of 1.31 is 0.8% above this industry median. Based on the distribution chart, TS Lines ranks #488 out of 968 companies in the Transportation industry, which is below the industry midpoint. Overall, TS Lines has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does TS Lines' PB Ratio compare to competitors?
According to the Transportation industry distribution chart, TS Lines ranks #488 out of 968 companies for PB Ratio. This places TS Lines in the lower half of its industry. The industry median PB Ratio is 1.30. TS Lines' value of 1.31 is 0.8% above this benchmark. Historically, TS Lines' own PB Ratio has ranged from 0.45 to 1.31 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 1.30, TS Lines 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 Transportation company?
The median PB Ratio among Transportation companies is 1.30, based on 968 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. TS Lines's current PB Ratio of 1.31 is 0.8% 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 TS Lines and its competitors. For the Transportation industry, the median PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TS Lines's current PB Ratio is 1.31, which is 52% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TS Lines stock overvalued right now?
TS Lines (HKSE:02510) has a current PB Ratio of 1.31. The current PB Ratio is 1.31, which is 52% above median its 10-year median of 0.86 and 0.8% above the Transportation industry median of 1.30. TS Lines' overall GF Score™ is 20/100 with 8 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 TS Lines (HKSE:02510), the current PB Ratio is 1.31 as of Aug. 27, 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.
TS Lines Ltd is a container shipping company focused on the Asia region. Its fleet consists of both owned and chartered vessels, focusing on high-frequency short-haul services originating from Asia. The Group generates maximum revenue from the provision of container shipping services, and also generates some income from other related services comprising slottage revenue, demurrage, and detention income. Geographically, it generates maximum revenue from the Chinese Mainland, and the rest from Hong Kong Special Administrative Region, Taiwan, Japan, Australia, the Philippines, Thailand, India, and other countries.
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