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Hi-ClearanceROCO:1788 79 PB Ratio is 1.90 as of Jul. 24, 2026, which is 12% below its 10-year median of 2.16. GuruFocus rates ROCO:1788 with a GF Score™ of 79/100 and a GF Value™ of NT$138.61 (Fairly Valued). The stock has 4 warning signs investors should review. Among 786 Medical Devices & Instruments companies, Hi-Clearance ranks better than 53.05% 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 (2026-07-24), Hi-Clearance's share price is NT$130.00. Hi-Clearance's Book Value per Share for the quarter that ended in Dec. 2025 was NT$68.53. Hence, Hi-Clearance's PB Ratio of today is 1.90.
Good Sign:
Hi-Clearance Inc stock PB Ratio (=1.89) is close to 10-year low of 1.89.
The historical rank and industry rank for Hi-Clearance's PB Ratio or its related term are showing as below:
ROCO:1788'
s PB Ratio Range Over the Past 10 Years
Min: 1.89 Med: 2.16 Max: 2.92
Current: 1.9
During the past 13 years, Hi-Clearance's highest PB Ratio was 2.92. The lowest was 1.89. And the median was 2.16.
ROCO:1788's PB Ratio is ranked better than 53.05% of 786
companies
in the Medical Devices & Instruments industry
Industry Median: 2
vs ROCO:1788: 1.90
During the past 12 months, Hi-Clearance's average Book Value Per Share Growth Rate was 1.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hi-Clearance was 12.70% per year. The lowest was 2.40% per year. And the median was 4.90% 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.
Hi-Clearance PB Ratio Related Terms
Hi-Clearance PB Ratio Historical Data
* Premium members only.
The historical data trend for Hi-Clearance'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 Medical Devices subindustry, Hi-Clearance'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.
Hi-Clearance PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Hi-Clearance's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hi-Clearance'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.
Hi-Clearance'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.
Hi-Clearance (ROCO:1788) has a PB Ratio of 1.90 as of Jul. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hi-Clearance and its competitors. This is 12% below median its historical median of 2.16. Over the past decade, Hi-Clearance's PB Ratio has ranged from 1.89 to 2.92. According to the industry distribution chart, Hi-Clearance ranks #369 out of 786 companies in the Medical Devices & Instruments industry, placing it in the top 46.9%.
Is Hi-Clearance's PB Ratio too high?
Hi-Clearance's current PB Ratio of 1.90 is 12% below median its 10-year median of 2.16. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 2.92. The Medical Devices & Instruments industry median PB Ratio is 2.00. Hi-Clearance's value of 1.90 is 5% below this industry median. Based on the distribution chart, Hi-Clearance ranks #369 out of 786 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Hi-Clearance has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hi-Clearance's PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Hi-Clearance ranks #369 out of 786 companies for PB Ratio. This puts Hi-Clearance in the upper half of its industry. The industry median PB Ratio is 2.00. Hi-Clearance's value of 1.90 is 5% below this benchmark. Historically, Hi-Clearance's own PB Ratio has ranged from 1.89 to 2.92 over the past decade. While the company's 10-year median is 2.16 vs. the industry median of 2.00, Hi-Clearance 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 Medical Devices & Instruments company?
The median PB Ratio among Medical Devices & Instruments companies is 2.00, based on 786 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. Hi-Clearance's current PB Ratio of 1.90 is 5% 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 Hi-Clearance and its competitors. For the Medical Devices & Instruments industry, the median PB Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hi-Clearance's current PB Ratio is 1.90, which is 12% below median its own 10-year median of 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hi-Clearance stock overvalued right now?
Based on GuruFocus' analysis, Hi-Clearance (ROCO:1788) is currently considered Fairly Valued. The stock's GF Value™ is NT$138.61, compared to a current price of NT$130.00 — trading 6.2% below its estimated fair value. The current PB Ratio is 1.90, which is 12% below median its 10-year median of 2.16 and 5% below the Medical Devices & Instruments industry median of 2.00. Hi-Clearance's overall GF Score™ is 79/100 with 4 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 Hi-Clearance (ROCO:1788), the current PB Ratio is 1.90 as of Jul. 24, 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 Hi-Clearance (ROCO:1788) Overvalued in 2026?
Based on GuruFocus' analysis, Hi-Clearance stock appears to be undervalued.
The current stock price of NT$130.00 is trading 6.2% below its estimated GF Value™ of NT$138.61.
GuruFocus considers Hi-Clearance to be Fairly Valued.
Key valuation signals for ROCO:1788:
PB Ratio: 1.90 (12% below median its 10-year median of 2.16)
GF Value™: NT$138.61 vs. price of NT$130.00 (6.2% below fair value)
Industry Position: 5% below the Medical Devices & Instruments median (#369 of 786)
No single metric tells the full story. See the ROCO:1788 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hi-Clearance Inc primary business activities involve trading medical equipment, biochemical reagents, and Western medicine. It has two segments Hemodialysis Division responsible for the procurement and distribution of a wide range of blood dialysis-related consumables, which are sold to hospitals, clinics, and distributors; and Other business segments mainly involved in selling dental materials and other products. The company generates majority of revenue from Hemodialysis Division. Its products are Single Patient Dialysis System TORAY, TORAYLIGHT Hollow Fiber Dialyzer, FILTRYZER TORAY, TORAY ETRF.
79GF Score
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