Easycard (ROCO:6035) PB Ratio: 2.88 (As of Jul. 22, 2026) — 41% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ROCO:6035 Easycard Corp ROCO:6035
63 GF Score
Price NT$53.00
GF Value NT$81.36
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Easycard PB Ratio?

Easycard ROCO:6035 +2.12% 63 PB Ratio is 2.88 as of Jul. 22, 2026, which is 41% below its 10-year median of 4.92. GuruFocus rates ROCO:6035 with a GF Score™ of 63/100 and a GF Value™ of NT$81.36 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,635 Software companies, Easycard ranks worse than 57.91% 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 (2026-07-22), Easycard's share price is NT$53.00. Easycard's Book Value per Share for the quarter that ended in Dec. 2025 was NT$18.38. Hence, Easycard's PB Ratio of today is 2.88.

Good Sign:

Easycard Corp stock PB Ratio (=2.93) is close to 5-year low of 2.77.

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

ROCO:6035' s PB Ratio Range Over the Past 10 Years
Min: 2.77   Med: 4.92   Max: 10.13
Current: 2.88

During the past 8 years, Easycard's highest PB Ratio was 10.13. The lowest was 2.77. And the median was 4.92.

ROCO:6035's PB Ratio is ranked worse than
57.91% of 2635 companies
in the Software industry
Industry Median: 2.37 vs ROCO:6035: 2.88

During the past 12 months, Easycard's average Book Value Per Share Growth Rate was 7.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 9.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.40% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Easycard was 9.50% per year. The lowest was -2.20% per year. And the median was 4.60% per year.

Back to Basics: PB Ratio


Easycard  (ROCO:6035) 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.


Easycard PB Ratio Related Terms


Easycard PB Ratio Historical Data

* Premium members only.

The historical data trend for Easycard'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.

Easycard PB Ratio Chart

Easycard Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 0.00 0.00 5.56 4.07 3.23

Easycard Semi-Annual Data
Dec18 Dec19 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 5.56 5.15 4.07 4.54 3.23

ROCO:6035 vs MSFT, ORCL, PLTR: PB Ratio Comparison

For the Software - Infrastructure subindustry, Easycard'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.


Easycard PB Ratio vs Software Industry

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

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


ROCO:6035
63GF Score
Easycard Corp ROCO:6035
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Easycard 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.

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

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=53.00/18.382
=2.88

* 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 2.88 mean?
Easycard (ROCO:6035) has a PB Ratio of 2.88 as of Jul. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Easycard and its competitors. This is 41% below median its historical median of 4.92. Over the past decade, Easycard's PB Ratio has ranged from 2.77 to 10.13. According to the industry distribution chart, Easycard ranks #1526 out of 2635 companies in the Software industry, placing it in the top 57.9%.
Is Easycard's PB Ratio too high?
Easycard's current PB Ratio of 2.88 is 41% below median its 10-year median of 4.92. Over the past 10 years, this metric has ranged from a low of 2.77 to a high of 10.13. The Software industry median PB Ratio is 2.37. Easycard's value of 2.88 is 21.5% above this industry median. Based on the distribution chart, Easycard ranks #1526 out of 2635 companies in the Software industry, which is below the industry midpoint. Overall, Easycard has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Easycard's PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Easycard ranks #1526 out of 2635 companies for PB Ratio. This places Easycard in the lower half of its industry. The industry median PB Ratio is 2.37. Easycard's value of 2.88 is 21.5% above this benchmark. Historically, Easycard's own PB Ratio has ranged from 2.77 to 10.13 over the past decade. While the company's 10-year median is 4.92 vs. the industry median of 2.37, Easycard 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 Software company?
The median PB Ratio among Software companies is 2.37, based on 2,635 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. Easycard's current PB Ratio of 2.88 is 21.5% 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 Easycard and its competitors. For the Software industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Easycard's current PB Ratio is 2.88, which is 41% below median its own 10-year median of 4.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Easycard stock overvalued right now?
Based on GuruFocus' analysis, Easycard (ROCO:6035) is currently considered Possible Value Trap. The stock's GF Value™ is NT$81.36, compared to a current price of NT$53.00 — trading 34.9% below its estimated fair value. The current PB Ratio is 2.88, which is 41% below median its 10-year median of 4.92 and 21.5% above the Software industry median of 2.37. Easycard's overall GF Score™ is 63/100 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 Easycard (ROCO:6035), the current PB Ratio is 2.88 as of Jul. 22, 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 Easycard (ROCO:6035) Overvalued in 2026?

Based on GuruFocus' analysis, Easycard stock appears to be undervalued. The current stock price of NT$53.00 is trading 34.9% below its estimated GF Value™ of NT$81.36. GuruFocus considers Easycard to be Possible Value Trap.

Key valuation signals for ROCO:6035:

  • PB Ratio: 2.88 (41% below median its 10-year median of 4.92)
  • GF Value™: NT$81.36 vs. price of NT$53.00 (34.9% below fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 21.5% above the Software median (#1526 of 2635)

No single metric tells the full story. See the ROCO:6035 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Easycard Business Description

Address No. 3-1 Yuanyuan Street, Nangang District, 13th Floor, Taipei City, TWN, 115
Easycard Corp is engaged in electronic transport ticket system industry. The company offers contactless smartcard, integrating the buses of Greater Taipei and the MRT system. It has extended its reach to island-wide public transit, such as Taiwan High Speed Rail, Taiwan Railways, intercity coach services, YouBike and Blue Ferry.
63GF Score

Get the complete analysis for ROCO:6035

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

NT$53.00
Price
NT$81.36
GF Value