HIM International Music (ROCO:8446) PB Ratio: 2.06 (As of Jul. 17, 2026) — 42% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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:8446 HIM International Music Inc ROCO:8446
85 GF Score
Price NT$87.00
GF Value NT$104.13
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is HIM International Music PB Ratio?

HIM International Music ROCO:8446 -0.11% 85 PB Ratio is 2.06 as of Jul. 17, 2026, which is 42% below its 10-year median of 3.58. GuruFocus rates ROCO:8446 with a GF Score™ of 85/100 and a GF Value™ of NT$104.13 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 924 Media - Diversified companies, HIM International Music ranks worse than 67.32% 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 (2026-07-17), HIM International Music's share price is NT$87.00. HIM International Music's Book Value per Share for the quarter that ended in Dec. 2025 was NT$42.18. Hence, HIM International Music's PB Ratio of today is 2.06.

Good Sign:

HIM International Music Inc stock PB Ratio (=2.03) is close to 10-year low of 1.98.

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

ROCO:8446' s PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 3.58   Max: 6.24
Current: 2.07

During the past 13 years, HIM International Music's highest PB Ratio was 6.24. The lowest was 1.98. And the median was 3.58.

ROCO:8446's PB Ratio is ranked worse than
67.32% of 924 companies
in the Media - Diversified industry
Industry Median: 1.3 vs ROCO:8446: 2.07

During the past 12 months, HIM International Music's average Book Value Per Share Growth Rate was 5.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 10.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of HIM International Music was 57.50% per year. The lowest was 5.30% per year. And the median was 10.30% per year.

Back to Basics: PB Ratio


HIM International Music  (ROCO:8446) 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.


HIM International Music PB Ratio Related Terms


HIM International Music PB Ratio Historical Data

* Premium members only.

The historical data trend for HIM International Music'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.

HIM International Music PB Ratio Chart

HIM International Music 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 3.03 2.60 3.10 2.91 2.30

HIM International Music 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 2.91 3.21 2.44 2.43 2.30

ROCO:8446 vs NFLX, DIS, WBD: PB Ratio Comparison

For the Entertainment subindustry, HIM International Music'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.


HIM International Music PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, HIM International Music's PB Ratio distribution charts can be found below:

* The bar in red indicates where HIM International Music's PB Ratio falls into.


ROCO:8446
85GF Score
HIM International Music Inc ROCO:8446
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HIM International Music 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.

HIM International Music's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=87.00/42.177
=2.06

* 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 2.06 mean?
HIM International Music (ROCO:8446) has a PB Ratio of 2.06 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HIM International Music and its competitors. This is 42% below median its historical median of 3.58. Over the past decade, HIM International Music's PB Ratio has ranged from 1.98 to 6.24. According to the industry distribution chart, HIM International Music ranks #622 out of 924 companies in the Media - Diversified industry, placing it in the top 67.3%.
Is HIM International Music's PB Ratio too high?
HIM International Music's current PB Ratio of 2.06 is 42% below median its 10-year median of 3.58. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 6.24. The Media - Diversified industry median PB Ratio is 1.30. HIM International Music's value of 2.06 is 58.5% above this industry median. Based on the distribution chart, HIM International Music ranks #622 out of 924 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, HIM International Music has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HIM International Music's PB Ratio compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, HIM International Music ranks #622 out of 924 companies for PB Ratio. This places HIM International Music in the lower half of its industry. The industry median PB Ratio is 1.30. HIM International Music's value of 2.06 is 58.5% above this benchmark. Historically, HIM International Music's own PB Ratio has ranged from 1.98 to 6.24 over the past decade. While the company's 10-year median is 3.58 vs. the industry median of 1.30, HIM International Music 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 Media - Diversified company?
The median PB Ratio among Media - Diversified companies is 1.30, based on 924 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. HIM International Music's current PB Ratio of 2.06 is 58.5% 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 HIM International Music and its competitors. For the Media - Diversified industry, the median PB Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HIM International Music's current PB Ratio is 2.06, which is 42% below median its own 10-year median of 3.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HIM International Music stock overvalued right now?
Based on GuruFocus' analysis, HIM International Music (ROCO:8446) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$104.13, compared to a current price of NT$87.00 — trading 16.5% below its estimated fair value. The current PB Ratio is 2.06, which is 42% below median its 10-year median of 3.58 and 58.5% above the Media - Diversified industry median of 1.30. HIM International Music's overall GF Score™ is 85/100 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 HIM International Music (ROCO:8446), the current PB Ratio is 2.06 as of Jul. 17, 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 HIM International Music (ROCO:8446) Overvalued in 2026?

Based on GuruFocus' analysis, HIM International Music stock appears to be undervalued. The current stock price of NT$87.00 is trading 16.5% below its estimated GF Value™ of NT$104.13. GuruFocus considers HIM International Music to be Modestly Undervalued.

Key valuation signals for ROCO:8446:

  • PB Ratio: 2.06 (42% below median its 10-year median of 3.58)
  • GF Value™: NT$104.13 vs. price of NT$87.00 (16.5% below fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 58.5% above the Media - Diversified median (#622 of 924)

No single metric tells the full story. See the ROCO:8446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HIM International Music Business Description

Address Jian Guo N Road, Sector 2, 15th Floor, No 135, Taipei County, TWN
HIM International Music Inc is a Taiwan based media company. The company is engaged in production and distribution of pop music, copyright licensing, and artist management. The company also arrange concerts in Taiwan. Goegraphically, the company generates maximum revenue from Mainland China, followed by Taiwan, Singapore, USA, Hong Kong, and other regions.
85GF Score

Get the complete analysis for ROCO:8446

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

NT$87.00
Price
NT$104.13
GF Value