ECOVE EnvironmentROCO:6803 94 PB Ratio is 2.81 as of Jul. 12, 2026, which is 6% below its 10-year median of 2.98. GuruFocus rates ROCO:6803 with a GF Score™ of 94/100 and a GF Value™ of NT$373.58 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 228 Waste Management companies, ECOVE Environment ranks worse than 72.37% 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 (2026-07-12), ECOVE Environment's share price is NT$274.00. ECOVE Environment's Book Value per Share for the quarter that ended in Dec. 2025 was NT$97.38. Hence, ECOVE Environment's PB Ratio of today is 2.81.
Good Sign:
ECOVE Environment Corp stock PB Ratio (=2.81) is close to 5-year low of 2.81.
The historical rank and industry rank for ECOVE Environment's PB Ratio or its related term are showing as below:
ROCO:6803'
s PB Ratio Range Over the Past 10 Years
Min: 2.36 Med: 2.98 Max: 4.35
Current: 2.81
During the past 13 years, ECOVE Environment's highest PB Ratio was 4.35. The lowest was 2.36. And the median was 2.98.
ROCO:6803's PB Ratio is ranked worse than 72.37% of 228
companies
in the Waste Management industry
Industry Median: 1.595
vs ROCO:6803: 2.81
During the past 12 months, ECOVE Environment's average Book Value Per Share Growth Rate was 4.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of ECOVE Environment was 24.00% per year. The lowest was 1.80% per year. And the median was 4.50% per year.
Back to Basics: PB Ratio
ECOVE Environment (ROCO:6803) 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.
ECOVE Environment PB Ratio Related Terms
ECOVE Environment PB Ratio Historical Data
* Premium members only.
The historical data trend for ECOVE Environment'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 Waste Management subindustry, ECOVE Environment'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.
ECOVE Environment PB Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, ECOVE Environment's PB Ratio distribution charts can be found below:
* The bar in red indicates where ECOVE Environment'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.
ECOVE Environment (ROCO:6803) has a PB Ratio of 2.81 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on ECOVE Environment and its competitors. This is near median its historical median of 2.98. Over the past decade, ECOVE Environment's PB Ratio has ranged from 2.36 to 4.35. According to the industry distribution chart, ECOVE Environment ranks #165 out of 228 companies in the Waste Management industry, placing it in the top 72.4%.
Is ECOVE Environment's PB Ratio too high?
ECOVE Environment's current PB Ratio of 2.81 is near median its 10-year median of 2.98. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 4.35. The Waste Management industry median PB Ratio is 1.60. ECOVE Environment's value of 2.81 is 76.2% above this industry median. Based on the distribution chart, ECOVE Environment ranks #165 out of 228 companies in the Waste Management industry, which is below the industry midpoint. Overall, ECOVE Environment has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ECOVE Environment's PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, ECOVE Environment ranks #165 out of 228 companies for PB Ratio. This places ECOVE Environment in the lower half of its industry. The industry median PB Ratio is 1.60. ECOVE Environment's value of 2.81 is 76.2% above this benchmark. Historically, ECOVE Environment's own PB Ratio has ranged from 2.36 to 4.35 over the past decade. While the company's 10-year median is 2.98 vs. the industry median of 1.60, ECOVE Environment 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 Waste Management company?
The median PB Ratio among Waste Management companies is 1.60, based on 228 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. ECOVE Environment's current PB Ratio of 2.81 is 76.2% 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 ECOVE Environment and its competitors. For the Waste Management industry, the median PB Ratio is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ECOVE Environment's current PB Ratio is 2.81, which is near median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ECOVE Environment stock overvalued right now?
Based on GuruFocus' analysis, ECOVE Environment (ROCO:6803) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$373.58, compared to a current price of NT$274.00 — trading 26.7% below its estimated fair value. The current PB Ratio is 2.81, which is near median its 10-year median of 2.98 and 76.2% above the Waste Management industry median of 1.60. ECOVE Environment's overall GF Score™ is 94/100 with 5 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 ECOVE Environment (ROCO:6803), the current PB Ratio is 2.81 as of Jul. 12, 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 ECOVE Environment (ROCO:6803) Overvalued in 2026?
Based on GuruFocus' analysis, ECOVE Environment stock appears to be undervalued.
The current stock price of NT$274.00 is trading 26.7% below its estimated GF Value™ of NT$373.58.
GuruFocus considers ECOVE Environment to be Modestly Undervalued.
Key valuation signals for ROCO:6803:
PB Ratio: 2.81 (near median its 10-year median of 2.98)
GF Value™: NT$373.58 vs. price of NT$274.00 (26.7% below fair value)
Industry Position: 76.2% above the Waste Management median (#165 of 228)
No single metric tells the full story. See the ROCO:6803 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ECOVE Environment Corp is a resource management services provider serving public and private entities across Greater China, Southeast Asia, India, and the USA. The Company is mainly engaged in investment, power generation, and waste management. Its services include Energy-from-Waste, Mechatronics, and Waste Management, while its projects include Energy-from-Waste, Photovoltaic Energy, and Hazardous and Special Waste Treatment.
94GF Score
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