Mustek (JSE:MST) PB Ratio: 0.50 (As of Jun. 25, 2026) — Near Median


JSE:MST Mustek Ltd JSE:MST
76 GF Score
Price R14.56
GF Value R12.58
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Mustek PB Ratio?

Mustek JSE:MST 76 PB Ratio is 0.50 as of Jun. 25, 2026, which is 6% below its 10-year median of 0.53. GuruFocus rates JSE:MST with a GF Score™ of 76/100 and a GF Value™ of R12.58 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 2,412 Hardware companies, Mustek ranks better than 92.91% 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 (2026-06-25), Mustek's share price is R14.56. Mustek's Book Value per Share for the quarter that ended in Dec. 2025 was R29.30. Hence, Mustek's PB Ratio of today is 0.50.

Warning Sign:

Mustek Ltd stock PB Ratio (=0.52) is close to 2-year high of 0.57.

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

JSE:MST' s PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.53   Max: 0.8
Current: 0.49

During the past 13 years, Mustek's highest PB Ratio was 0.80. The lowest was 0.30. And the median was 0.53.

JSE:MST's PB Ratio is ranked better than
92.91% of 2412 companies
in the Hardware industry
Industry Median: 2.42 vs JSE:MST: 0.49

During the past 12 months, Mustek's average Book Value Per Share Growth Rate was 3.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 12.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 13.10% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mustek was 19.50% per year. The lowest was -3.80% per year. And the median was 10.70% per year.

Back to Basics: PB Ratio


Mustek  (JSE:MST) 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.


Mustek PB Ratio Related Terms


Mustek PB Ratio Historical Data

* Premium members only.

The historical data trend for Mustek'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.

Mustek PB Ratio Chart

Mustek Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.68 0.61 0.35 0.49

Mustek 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 0.48 0.35 0.56 0.49 0.50

JSE:MST vs DELL, SNDK, ANET: PB Ratio Comparison

For the Computer Hardware subindustry, Mustek'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.


Mustek PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Mustek's PB Ratio distribution charts can be found below:

* The bar in red indicates where Mustek's PB Ratio falls into.


JSE:MST
76GF Score
Mustek Ltd JSE:MST
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mustek 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.

Mustek's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=14.56/29.304
=0.50

* 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 0.50 mean?
Mustek (JSE:MST) has a PB Ratio of 0.50 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 Mustek and its competitors. This is near median its historical median of 0.53. Over the past decade, Mustek's PB Ratio has ranged from 0.30 to 0.80. According to the industry distribution chart, Mustek ranks #171 out of 2412 companies in the Hardware industry, placing it in the top 7.1%.
Is Mustek's PB Ratio too high?
Mustek's current PB Ratio of 0.50 is near median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.80. The Hardware industry median PB Ratio is 2.42. Mustek's value of 0.50 is 79.3% below this industry median. Based on the distribution chart, Mustek ranks #171 out of 2412 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Mustek has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's PB Ratio compare to DELL and SNDK?
According to the Hardware industry distribution chart, Mustek ranks #171 out of 2412 companies for PB Ratio. This places Mustek in the top 7% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.42. Mustek's value of 0.50 is 79.3% below this benchmark. Historically, Mustek's own PB Ratio has ranged from 0.30 to 0.80 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 2.42, Mustek 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 2,412 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. Mustek's current PB Ratio of 0.50 is 79.3% 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 Mustek 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. Mustek's current PB Ratio is 0.50, which is near median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustek stock overvalued right now?
Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.58, compared to a current price of R14.56 — trading 15.7% above its estimated fair value. The current PB Ratio is 0.50, which is near median its 10-year median of 0.53 and 79.3% below the Hardware industry median of 2.42. Mustek's overall GF Score™ is 76/100 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 Mustek (JSE:MST), the current PB Ratio is 0.50 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 Mustek (JSE:MST) Overvalued in 2026?

Based on GuruFocus' analysis, Mustek stock appears to be overvalued. The current stock price of R14.56 is trading 15.7% above its estimated GF Value™ of R12.58. GuruFocus considers Mustek to be Modestly Overvalued.

Key valuation signals for JSE:MST:

  • PB Ratio: 0.50 (near median its 10-year median of 0.53)
  • GF Value™: R12.58 vs. price of R14.56 (15.7% above fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 79.3% below the Hardware median (#171 of 2412)

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


Mustek Business Description

Address 322 15th Road, Randjespark, Midrand, GT, ZAF, 1685
Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.
76GF Score

Get the complete analysis for JSE:MST

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

R14.56
Price
R12.58
GF Value