TSH (SGX:KUH) PB Ratio: 0.57 (As of Aug. 30, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
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SGX:KUH TSH Corp Ltd SGX:KUH
51 GF Score
Price S$0.14
GF Value S$0.13
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is TSH PB Ratio?

TSH SGX:KUH 51 PB Ratio is 0.57 as of Aug. 30, 2026, which is 2% above its 10-year median of 0.56. GuruFocus rates SGX:KUH with a GF Score™ of 51/100 and a GF Value™ of S$0.13 (Fairly Valued). The stock has 3 warning signs investors should review. Among 328 Restaurants companies, TSH ranks better than 90.24% 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 (2026-08-30), TSH's share price is S$0.139. TSH's Book Value per Share for the quarter that ended in Jun. 2026 was S$0.24. Hence, TSH's PB Ratio of today is 0.57.

Good Sign:

TSH Corp Ltd stock PB Ratio (=0.57) is close to 1-year low of 0.52.

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

SGX:KUH' s PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.56   Max: 1.81
Current: 0.57

During the past 13 years, TSH's highest PB Ratio was 1.81. The lowest was 0.05. And the median was 0.56.

SGX:KUH's PB Ratio is ranked better than
90.24% of 328 companies
in the Restaurants industry
Industry Median: 2.42 vs SGX:KUH: 0.57

During the past 12 months, TSH's average Book Value Per Share Growth Rate was 11.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -18.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of TSH was 12.40% per year. The lowest was -50.40% per year. And the median was -4.65% per year.

Back to Basics: PB Ratio


TSH  (SGX:KUH) 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.


TSH PB Ratio Related Terms


TSH PB Ratio Historical Data

* Premium members only.

The historical data trend for TSH'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.

TSH PB Ratio Chart

TSH 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 0.69 0.79 1.04 0.62 0.56

TSH Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.41 0.62 0.27 0.56 0.73

SGX:KUH vs MCD, SBUX, YUM: PB Ratio Comparison

For the Restaurants subindustry, TSH'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.


TSH PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, TSH's PB Ratio distribution charts can be found below:

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


SGX:KUH
51GF Score
TSH Corp Ltd SGX:KUH
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSH 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.

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

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=0.139/0.243
=0.57

* 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 0.57 mean?
TSH (SGX:KUH) has a PB Ratio of 0.57 as of Aug. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on TSH and its competitors. This is near median its historical median of 0.56. Over the past decade, TSH's PB Ratio has ranged from 0.05 to 1.81. According to the industry distribution chart, TSH ranks #32 out of 328 companies in the Restaurants industry, placing it in the top 9.8%.
Is TSH's PB Ratio too high?
TSH's current PB Ratio of 0.57 is near median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 1.81. The Restaurants industry median PB Ratio is 2.42. TSH's value of 0.57 is 76.4% below this industry median. Based on the distribution chart, TSH ranks #32 out of 328 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, TSH has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSH's PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, TSH ranks #32 out of 328 companies for PB Ratio. This places TSH in the top 10% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.42. TSH's value of 0.57 is 76.4% below this benchmark. Historically, TSH's own PB Ratio has ranged from 0.05 to 1.81 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 2.42, TSH 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 Restaurants company?
The median PB Ratio among Restaurants companies is 2.42, based on 328 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. TSH's current PB Ratio of 0.57 is 76.4% 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 TSH and its competitors. For the Restaurants industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSH's current PB Ratio is 0.57, which is near median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSH stock overvalued right now?
Based on GuruFocus' analysis, TSH (SGX:KUH) is currently considered Fairly Valued. The stock's GF Value™ is S$0.13, compared to a current price of S$0.14 — trading 6.9% above its estimated fair value. The current PB Ratio is 0.57, which is near median its 10-year median of 0.56 and 76.4% below the Restaurants industry median of 2.42. TSH's overall GF Score™ is 51/100 with 3 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 TSH (SGX:KUH), the current PB Ratio is 0.57 as of Aug. 30, 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 TSH (SGX:KUH) Overvalued in 2026?

Based on GuruFocus' analysis, TSH stock appears to be overvalued. The current stock price of S$0.14 is trading 6.9% above its estimated GF Value™ of S$0.13. GuruFocus considers TSH to be Fairly Valued.

Key valuation signals for SGX:KUH:

  • PB Ratio: 0.57 (near median its 10-year median of 0.56)
  • GF Value™: S$0.13 vs. price of S$0.14 (6.9% above fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 76.4% below the Restaurants median (#32 of 328)

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


TSH Business Description

Address 315 Outram Road, No. 14-02 Tan Boon Liat Building, Singapore, SGP, 169074
TSH Corp Ltd is an investment holding company. Along with its subsidiaries, it runs a dynamic chain of bars, namely: Quaich Bar Collector, Quaich Bar Avant-garde, Quaich Bar Wanderlust, The Other Room, Signature Reserve, Capitol Cigar & Whisky Lounge. The group also distributes premium spirits through The Whisky Store and runs a whisky-dedicated exhibition, Whisky Journey. It operates in a single segment, focused on the wholesale and retail sale of food and beverage businesses. Geographically, it operates only in Singapore.
51GF Score

Get the complete analysis for SGX:KUH

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

S$0.14
Price
S$0.13
GF Value