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Taiwan Bio TherapeuticsROCO:6892 +0.94%22 PB Ratio is 3.13 as of Jul. 16, 2026, which is 2% below its 10-year median of 3.18. GuruFocus rates ROCO:6892 with a GF Score™ of 22/100 and a GF Value™ of NT$14.66 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,227 Biotechnology companies, Taiwan Bio Therapeutics ranks worse than 52.4% on this metric.
Taiwan Bio Therapeutics Inc stock PB Ratio (=3.14) is close to 1-year high of 3.42.
The historical rank and industry rank for Taiwan Bio Therapeutics's PB Ratio or its related term are showing as below:
ROCO:6892'
s PB Ratio Range Over the Past 10 Years
Min: 2.37 Med: 3.18 Max: 4.5
Current: 3.14
During the past 7 years, Taiwan Bio Therapeutics's highest PB Ratio was 4.50. The lowest was 2.37. And the median was 3.18.
ROCO:6892's PB Ratio is ranked worse than 52.4% of 1227
companies
in the Biotechnology industry
Industry Median: 2.93
vs ROCO:6892: 3.14
During the past 12 months, Taiwan Bio Therapeutics's average Book Value Per Share Growth Rate was -33.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 43.10% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Taiwan Bio Therapeutics was 152.60% per year. The lowest was -4.20% per year. And the median was 68.25% per year.
Back to Basics: PB Ratio
Taiwan Bio Therapeutics (ROCO:6892) 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.
* 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.
ROCO:6892 vs VRTX, REGN, ALNY: PB Ratio Comparison
For the Biotechnology subindustry, Taiwan Bio Therapeutics'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.
Taiwan Bio Therapeutics PB Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Taiwan Bio Therapeutics's PB Ratio distribution charts can be found below:
* The bar in red indicates where Taiwan Bio Therapeutics'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.
Taiwan Bio Therapeutics (ROCO:6892) has a PB Ratio of 3.13 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Taiwan Bio Therapeutics and its competitors. This is near median its historical median of 3.18. Over the past decade, Taiwan Bio Therapeutics' PB Ratio has ranged from 2.37 to 4.50. According to the industry distribution chart, Taiwan Bio Therapeutics ranks #643 out of 1227 companies in the Biotechnology industry, placing it in the top 52.4%.
Is Taiwan Bio Therapeutics' PB Ratio too high?
Taiwan Bio Therapeutics' current PB Ratio of 3.13 is near median its 10-year median of 3.18. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 4.50. The Biotechnology industry median PB Ratio is 2.93. Taiwan Bio Therapeutics' value of 3.13 is 6.8% above this industry median. Based on the distribution chart, Taiwan Bio Therapeutics ranks #643 out of 1227 companies in the Biotechnology industry, which is below the industry midpoint. Overall, Taiwan Bio Therapeutics has a GF Score™ of 22/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Bio Therapeutics' PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Taiwan Bio Therapeutics ranks #643 out of 1227 companies for PB Ratio. This places Taiwan Bio Therapeutics in the lower half of its industry. The industry median PB Ratio is 2.93. Taiwan Bio Therapeutics' value of 3.13 is 6.8% above this benchmark. Historically, Taiwan Bio Therapeutics' own PB Ratio has ranged from 2.37 to 4.50 over the past decade. While the company's 10-year median is 3.18 vs. the industry median of 2.93, Taiwan Bio Therapeutics 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 Biotechnology company?
The median PB Ratio among Biotechnology companies is 2.93, based on 1,227 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. Taiwan Bio Therapeutics's current PB Ratio of 3.13 is 6.8% 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 Taiwan Bio Therapeutics and its competitors. For the Biotechnology industry, the median PB Ratio is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Bio Therapeutics's current PB Ratio is 3.13, which is near median its own 10-year median of 3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Bio Therapeutics stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Bio Therapeutics (ROCO:6892) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$14.66, compared to a current price of NT$26.90 — trading 83.5% above its estimated fair value. The current PB Ratio is 3.13, which is near median its 10-year median of 3.18 and 6.8% above the Biotechnology industry median of 2.93. Taiwan Bio Therapeutics' overall GF Score™ is 22/100 with 6 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 Taiwan Bio Therapeutics (ROCO:6892), the current PB Ratio is 3.13 as of Jul. 16, 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 Taiwan Bio Therapeutics (ROCO:6892) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Bio Therapeutics stock appears to be overvalued.
The current stock price of NT$26.90 is trading 83.5% above its estimated GF Value™ of NT$14.66.
GuruFocus considers Taiwan Bio Therapeutics to be Significantly Overvalued.
Key valuation signals for ROCO:6892:
PB Ratio: 3.13 (near median its 10-year median of 3.18)
GF Value™: NT$14.66 vs. price of NT$26.90 (83.5% above fair value)
Industry Position: 6.8% above the Biotechnology median (#643 of 1227)
No single metric tells the full story. See the ROCO:6892 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Bio Therapeutics Inc is a regenerative medicine company specializing in the development of new genetically modified cell drugs. It is providing commissioned development and manufacturing (CDMO/CMO) services and inspection, analysis and development services for cellular medical products.
22GF Score
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