Global Testing (SGX:AYN) PB Ratio: 0.58 (As of Aug. 03, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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SGX:AYN Global Testing Corp Ltd SGX:AYN
78 GF Score
Price S$1.15
GF Value S$1.16
Valuation Fairly Valued
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What is Global Testing PB Ratio?

Global Testing SGX:AYN 78 PB Ratio is 0.58 as of Aug. 03, 2026, which is 5% above its 10-year median of 0.55. GuruFocus rates SGX:AYN with a GF Score™ of 78/100 and a GF Value™ of S$1.16 (Fairly Valued). Among 999 Semiconductors companies, Global Testing ranks better than 92.69% 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 (2026-08-03), Global Testing's share price is S$1.15. Global Testing's Book Value per Share for the quarter that ended in Dec. 2025 was S$1.99. Hence, Global Testing's PB Ratio of today is 0.58.

Good Sign:

Global Testing Corp Ltd stock PB Ratio (=0.57) is close to 1-year low of 0.55.

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

SGX:AYN' s PB Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.55   Max: 1.05
Current: 0.58

During the past 13 years, Global Testing's highest PB Ratio was 1.05. The lowest was 0.23. And the median was 0.55.

SGX:AYN's PB Ratio is ranked better than
92.69% of 999 companies
in the Semiconductors industry
Industry Median: 2.97 vs SGX:AYN: 0.58

During the past 12 months, Global Testing's average Book Value Per Share Growth Rate was 2.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 0.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Global Testing was 16.10% per year. The lowest was -18.50% per year. And the median was -4.80% per year.

Back to Basics: PB Ratio


Global Testing  (SGX:AYN) 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.


Global Testing PB Ratio Related Terms


Global Testing PB Ratio Historical Data

* Premium members only.

The historical data trend for Global Testing'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.

Global Testing PB Ratio Chart

Global Testing 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 0.43 0.73 0.54 0.49 0.67

Global Testing Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.59 0.49 0.54 0.67

SGX:AYN vs AMAT, LRCX, KLAC: PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Global Testing'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.


Global Testing PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Global Testing's PB Ratio distribution charts can be found below:

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


SGX:AYN
78GF Score
Global Testing Corp Ltd SGX:AYN
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Global Testing 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.

Global Testing's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=1.15/1.985
=0.58

* 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 0.58 mean?
Global Testing (SGX:AYN) has a PB Ratio of 0.58 as of Aug. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Global Testing and its competitors. This is near median its historical median of 0.55. Over the past decade, Global Testing's PB Ratio has ranged from 0.23 to 1.05. According to the industry distribution chart, Global Testing ranks #73 out of 999 companies in the Semiconductors industry, placing it in the top 7.3%.
Is Global Testing's PB Ratio too high?
Global Testing's current PB Ratio of 0.58 is near median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.05. The Semiconductors industry median PB Ratio is 2.97. Global Testing's value of 0.58 is 80.5% below this industry median. Based on the distribution chart, Global Testing ranks #73 out of 999 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Global Testing has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Testing's PB Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Global Testing ranks #73 out of 999 companies for PB Ratio. This places Global Testing in the top 7% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.97. Global Testing's value of 0.58 is 80.5% below this benchmark. Historically, Global Testing's own PB Ratio has ranged from 0.23 to 1.05 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 2.97, Global Testing 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 2.97, based on 999 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. Global Testing's current PB Ratio of 0.58 is 80.5% 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 Global Testing and its competitors. For the Semiconductors industry, the median PB Ratio is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Testing's current PB Ratio is 0.58, which is near median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Testing stock overvalued right now?
Based on GuruFocus' analysis, Global Testing (SGX:AYN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.16, compared to a current price of S$1.15 — trading 0.9% below its estimated fair value. The current PB Ratio is 0.58, which is near median its 10-year median of 0.55 and 80.5% below the Semiconductors industry median of 2.97. Global Testing's overall GF Score™ is 78/100. 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 Global Testing (SGX:AYN), the current PB Ratio is 0.58 as of Aug. 03, 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 Global Testing (SGX:AYN) Overvalued in 2026?

Based on GuruFocus' analysis, Global Testing stock appears to be undervalued. The current stock price of S$1.15 is trading 0.9% below its estimated GF Value™ of S$1.16. GuruFocus considers Global Testing to be Fairly Valued.

Key valuation signals for SGX:AYN:

  • PB Ratio: 0.58 (near median its 10-year median of 0.55)
  • GF Value™: S$1.16 vs. price of S$1.15 (0.9% below fair value)
  • GF Score™: 78/100
  • Industry Position: 80.5% below the Semiconductors median (#73 of 999)

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


Global Testing Business Description

Address No. 75 Guangfu Road, Hu-Kou, Hsin-Chu Industrial Park, Hsin-Chu, TWN, 303
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the company is seen across the region of Singapore, the USA, Taiwan, Thailand, China, Japan, and other countries.
78GF Score

Get the complete analysis for SGX:AYN

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

S$1.15
Price
S$1.16
GF Value