Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Advance MaterialsROCO:3585 -5.77%44 PB Ratio is 6.01 as of Jul. 14, 2026, which is 854% above its 10-year median of 0.63. GuruFocus rates ROCO:3585 with a GF Score™ of 44/100 and a GF Value™ of NT$8.93 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,421 Hardware companies, Advance Materials ranks worse than 81.91% on this metric.
The historical rank and industry rank for Advance Materials's PB Ratio or its related term are showing as below:
ROCO:3585'
s PB Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.63 Max: 12.77
Current: 6.01
During the past 13 years, Advance Materials's highest PB Ratio was 12.77. The lowest was 0.30. And the median was 0.63.
ROCO:3585's PB Ratio is ranked worse than 81.91% of 2421
companies
in the Hardware industry
Industry Median: 2.29
vs ROCO:3585: 6.01
During the past 12 months, Advance Materials's average Book Value Per Share Growth Rate was -1.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Advance Materials was 1.30% per year. The lowest was -6.00% per year. And the median was -2.60% per year.
Back to Basics: PB Ratio
Advance Materials (ROCO:3585) 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.
Advance Materials PB Ratio Related Terms
Advance Materials PB Ratio Historical Data
* Premium members only.
The historical data trend for Advance Materials'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 Electronic Components subindustry, Advance Materials'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.
Advance Materials PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Advance Materials's PB Ratio distribution charts can be found below:
* The bar in red indicates where Advance Materials'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.
Advance Materials (ROCO:3585) has a PB Ratio of 6.01 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Advance Materials and its competitors. This is 854% above median its historical median of 0.63. Over the past decade, Advance Materials' PB Ratio has ranged from 0.30 to 12.77. According to the industry distribution chart, Advance Materials ranks #1983 out of 2421 companies in the Hardware industry, placing it in the top 81.9%.
Is Advance Materials' PB Ratio too high?
Advance Materials' current PB Ratio of 6.01 is 854% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 12.77. The Hardware industry median PB Ratio is 2.29. Advance Materials' value of 6.01 is 162.4% above this industry median. Based on the distribution chart, Advance Materials ranks #1983 out of 2421 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Advance Materials has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Advance Materials' PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Advance Materials ranks #1983 out of 2421 companies for PB Ratio. This places Advance Materials in the lower half of its industry. The industry median PB Ratio is 2.29. Advance Materials' value of 6.01 is 162.4% above this benchmark. Historically, Advance Materials' own PB Ratio has ranged from 0.30 to 12.77 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 2.29, Advance Materials 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 2.29, based on 2,421 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. Advance Materials's current PB Ratio of 6.01 is 162.4% 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 Advance Materials and its competitors. For the Hardware industry, the median PB Ratio is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advance Materials's current PB Ratio is 6.01, which is 854% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance Materials stock overvalued right now?
Based on GuruFocus' analysis, Advance Materials (ROCO:3585) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8.93, compared to a current price of NT$57.20 — trading 540.5% above its estimated fair value. The current PB Ratio is 6.01, which is 854% above median its 10-year median of 0.63 and 162.4% above the Hardware industry median of 2.29. Advance Materials' overall GF Score™ is 44/100 with 3 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 Advance Materials (ROCO:3585), the current PB Ratio is 6.01 as of Jul. 14, 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 Advance Materials (ROCO:3585) Overvalued in 2026?
Based on GuruFocus' analysis, Advance Materials stock appears to be overvalued.
The current stock price of NT$57.20 is trading 540.5% above its estimated GF Value™ of NT$8.93.
GuruFocus considers Advance Materials to be Significantly Overvalued.
Key valuation signals for ROCO:3585:
PB Ratio: 6.01 (854% above median its 10-year median of 0.63)
GF Value™: NT$8.93 vs. price of NT$57.20 (540.5% above fair value)
Industry Position: 162.4% above the Hardware median (#1983 of 2421)
No single metric tells the full story. See the ROCO:3585 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advance Materials Corp is a professional supplier of electronic materials in Taiwan. Its products include Copper Clad Laminate, Liquid photo-imageable solder masks, Special Photoresist, FPC Materials related products, and Touch Panel Related Materials.
44GF Score
Get the complete analysis for ROCO:3585
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
ROCO:3585 has been successfully added to your 
