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TruelightROCO:3234 -4.18%36 PB Ratio is 14.40 as of Jul. 21, 2026, which is 460% above its 10-year median of 2.57. GuruFocus rates ROCO:3234 with a GF Score™ of 36/100 and a GF Value™ of NT$33.55 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 998 Semiconductors companies, Truelight ranks worse than 91.88% 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 (2026-07-21), Truelight's share price is NT$96.30. Truelight's Book Value per Share for the quarter that ended in Dec. 2025 was NT$6.69. Hence, Truelight's PB Ratio of today is 14.40.
The historical rank and industry rank for Truelight's PB Ratio or its related term are showing as below:
ROCO:3234'
s PB Ratio Range Over the Past 10 Years
Min: 1.3 Med: 2.57 Max: 21.69
Current: 14.4
During the past 13 years, Truelight's highest PB Ratio was 21.69. The lowest was 1.30. And the median was 2.57.
ROCO:3234's PB Ratio is ranked worse than 91.88% of 998
companies
in the Semiconductors industry
Industry Median: 3.19
vs ROCO:3234: 14.40
During the past 12 months, Truelight's average Book Value Per Share Growth Rate was -22.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -10.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -8.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -11.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Truelight was 22.70% per year. The lowest was -24.60% per year. And the median was -4.45% 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.
Truelight PB Ratio Related Terms
Truelight PB Ratio Historical Data
* Premium members only.
The historical data trend for Truelight'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 Semiconductors subindustry, Truelight'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.
Truelight PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Truelight's PB Ratio distribution charts can be found below:
* The bar in red indicates where Truelight'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.
Truelight'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.
Truelight (ROCO:3234) has a PB Ratio of 14.40 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Truelight and its competitors. This is 460% above median its historical median of 2.57. Over the past decade, Truelight's PB Ratio has ranged from 1.30 to 21.69. According to the industry distribution chart, Truelight ranks #917 out of 998 companies in the Semiconductors industry, placing it in the top 91.9%.
Is Truelight's PB Ratio too high?
Truelight's current PB Ratio of 14.40 is 460% above median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 21.69. The Semiconductors industry median PB Ratio is 3.19. Truelight's value of 14.40 is 351.4% above this industry median. Based on the distribution chart, Truelight ranks #917 out of 998 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Truelight has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Truelight's PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Truelight ranks #917 out of 998 companies for PB Ratio. This places Truelight in the lower half of its industry. The industry median PB Ratio is 3.19. Truelight's value of 14.40 is 351.4% above this benchmark. Historically, Truelight's own PB Ratio has ranged from 1.30 to 21.69 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 3.19, Truelight 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.19, based on 998 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. Truelight's current PB Ratio of 14.40 is 351.4% 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 Truelight and its competitors. For the Semiconductors industry, the median PB Ratio is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Truelight's current PB Ratio is 14.40, which is 460% above median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Truelight stock overvalued right now?
Based on GuruFocus' analysis, Truelight (ROCO:3234) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$33.55, compared to a current price of NT$96.30 — trading 187% above its estimated fair value. The current PB Ratio is 14.40, which is 460% above median its 10-year median of 2.57 and 351.4% above the Semiconductors industry median of 3.19. Truelight's overall GF Score™ is 36/100 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 Truelight (ROCO:3234), the current PB Ratio is 14.40 as of Jul. 21, 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 Truelight (ROCO:3234) Overvalued in 2026?
Based on GuruFocus' analysis, Truelight stock appears to be overvalued.
The current stock price of NT$96.30 is trading 187% above its estimated GF Value™ of NT$33.55.
GuruFocus considers Truelight to be Significantly Overvalued.
Key valuation signals for ROCO:3234:
PB Ratio: 14.40 (460% above median its 10-year median of 2.57)
GF Value™: NT$33.55 vs. price of NT$96.30 (187% above fair value)
Industry Position: 351.4% above the Semiconductors median (#917 of 998)
No single metric tells the full story. See the ROCO:3234 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Truelight Corp engages in the manufacturing and supply of components for the local area networks, storage area network, fiber to the home, and metro area network. The business items of the company are design, research and development, Production, and sales, which are applied to optical fiber communication, mobile communication base station interconnection, cloud data center, 3D Sensing/Near-Field Sensing/Flood Illumination Vertical Cavity Surface Emitting Laser, Edge laser, photodiode, including components, sub-modules, Light engine/AOC and other types of products. The products of the company include VCSEL chips, FP-LD chips, DFB-LD chips, and PIN chips.
36GF Score
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