Tul (ROCO:6150) PB Ratio: 1.73 (As of Jul. 19, 2026) — 33% 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:6150 Tul Corp ROCO:6150
59 GF Score
Price NT$57.00
GF Value NT$106.42
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Tul PB Ratio?

Tul ROCO:6150 -5.63% 59 PB Ratio is 1.73 as of Jul. 19, 2026, which is 33% below its 10-year median of 2.58. GuruFocus rates ROCO:6150 with a GF Score™ of 59/100 and a GF Value™ of NT$106.42 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,419 Hardware companies, Tul ranks better than 59.78% 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 (2026-07-19), Tul's share price is NT$57.00. Tul's Book Value per Share for the quarter that ended in Dec. 2025 was NT$32.93. Hence, Tul's PB Ratio of today is 1.73.

Good Sign:

Tul Corp stock PB Ratio (=1.73) is close to 3-year low of 1.62.

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

ROCO:6150' s PB Ratio Range Over the Past 10 Years
Min: 1.25   Med: 2.58   Max: 21.79
Current: 1.73

During the past 13 years, Tul's highest PB Ratio was 21.79. The lowest was 1.25. And the median was 2.58.

ROCO:6150's PB Ratio is ranked better than
59.78% of 2419 companies
in the Hardware industry
Industry Median: 2.19 vs ROCO:6150: 1.73

During the past 12 months, Tul's average Book Value Per Share Growth Rate was 9.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 19.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tul was 50.60% per year. The lowest was -28.70% per year. And the median was 0.60% per year.

Back to Basics: PB Ratio


Tul  (ROCO:6150) 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.


Tul PB Ratio Related Terms


Tul PB Ratio Historical Data

* Premium members only.

The historical data trend for Tul'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.

Tul PB Ratio Chart

Tul Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.30 1.89 2.68 2.34 1.97

Tul Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 2.34 2.16 2.18 2.63 1.97

ROCO:6150 vs SNX, ARW, AVT: PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, Tul'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.


Tul PB Ratio vs Hardware Industry

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

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


ROCO:6150
59GF Score
Tul Corp ROCO:6150
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tul 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.

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

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=57.00/32.931
=1.73

* 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 1.73 mean?
Tul (ROCO:6150) has a PB Ratio of 1.73 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tul and its competitors. This is 33% below median its historical median of 2.58. Over the past decade, Tul's PB Ratio has ranged from 1.25 to 21.79. According to the industry distribution chart, Tul ranks #973 out of 2419 companies in the Hardware industry, placing it in the top 40.2%.
Is Tul's PB Ratio too high?
Tul's current PB Ratio of 1.73 is 33% below median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 21.79. The Hardware industry median PB Ratio is 2.19. Tul's value of 1.73 is 21% below this industry median. Based on the distribution chart, Tul ranks #973 out of 2419 companies in the Hardware industry, which is above the industry midpoint. Overall, Tul has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tul's PB Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Tul ranks #973 out of 2419 companies for PB Ratio. This puts Tul in the upper half of its industry. The industry median PB Ratio is 2.19. Tul's value of 1.73 is 21% below this benchmark. Historically, Tul's own PB Ratio has ranged from 1.25 to 21.79 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 2.19, Tul 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 2.19, based on 2,419 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. Tul's current PB Ratio of 1.73 is 21% 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 Tul and its competitors. For the Hardware industry, the median PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tul's current PB Ratio is 1.73, which is 33% below median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tul stock overvalued right now?
Based on GuruFocus' analysis, Tul (ROCO:6150) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$106.42, compared to a current price of NT$57.00 — trading 46.4% below its estimated fair value. The current PB Ratio is 1.73, which is 33% below median its 10-year median of 2.58 and 21% below the Hardware industry median of 2.19. Tul's overall GF Score™ is 59/100 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 Tul (ROCO:6150), the current PB Ratio is 1.73 as of Jul. 19, 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 Tul (ROCO:6150) Overvalued in 2026?

Based on GuruFocus' analysis, Tul stock appears to be undervalued. The current stock price of NT$57.00 is trading 46.4% below its estimated GF Value™ of NT$106.42. GuruFocus considers Tul to be Significantly Undervalued.

Key valuation signals for ROCO:6150:

  • PB Ratio: 1.73 (33% below median its 10-year median of 2.58)
  • GF Value™: NT$106.42 vs. price of NT$57.00 (46.4% below fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 21% below the Hardware median (#973 of 2419)

No single metric tells the full story. See the ROCO:6150 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tul Business Description

Address Section 1, Xintai 5th Road, 7th Floor, No. 79, Unit 7, Xizhi District, New Taipei City, TWN, 221
Tul Corp is engaged in the production and sale of computer display cards and software products in Taiwan. The company offers gaming and embedded graphics cards, SoC-based motherboards and systems, FPGA products, and customized products and services. The reportable departments of the consolidated company are as follows: Display card manufacturing and sales business, Construction engineering business, and Other businesses. The majority of revenue is derived from the Display card manufacturing and sales business.
59GF Score

Get the complete analysis for ROCO:6150

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

NT$57.00
Price
NT$106.42
GF Value