Thermal Energy InternationalTMGEF +7.44%65 PB Ratio is 5.57 as of Jun. 28, 2026, which is 9% below its 10-year median of 6.15. GuruFocus rates TMGEF with a GF Score™ of 65/100 and a GF Value™ of $0.18 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,982 Industrial Products companies, Thermal Energy International ranks worse than 81.56% on this metric.
The historical rank and industry rank for Thermal Energy International's PB Ratio or its related term are showing as below:
TMGEF'
s PB Ratio Range Over the Past 10 Years
Min: 1.75 Med: 6.15 Max: 60
Current: 5.71
During the past 13 years, Thermal Energy International's highest PB Ratio was 60.00. The lowest was 1.75. And the median was 6.15.
TMGEF's PB Ratio is ranked worse than 81.56% of 2982
companies
in the Industrial Products industry
Industry Median: 2.26
vs TMGEF: 5.71
During the past 12 months, Thermal Energy International's average Book Value Per Share Growth Rate was 40.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 44.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thermal Energy International was 75.70% per year. The lowest was -34.60% per year. And the median was -3.60% per year.
Back to Basics: PB Ratio
Thermal Energy International (OTCPK:TMGEF) 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.
Thermal Energy International PB Ratio Related Terms
Thermal Energy International PB Ratio Historical Data
* 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 Pollution & Treatment Controls subindustry, Thermal Energy International'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.
Thermal Energy International PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thermal Energy International's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thermal Energy International'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.
Thermal Energy International (TMGEF) has a PB Ratio of 5.57 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thermal Energy International and its competitors. This is near median its historical median of 6.15. Over the past decade, Thermal Energy International's PB Ratio has ranged from 1.75 to 60.00. According to the industry distribution chart, Thermal Energy International ranks #2432 out of 2982 companies in the Industrial Products industry, placing it in the top 81.6%.
Is Thermal Energy International's PB Ratio too high?
Thermal Energy International's current PB Ratio of 5.57 is near median its 10-year median of 6.15. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 60.00. The Industrial Products industry median PB Ratio is 2.26. Thermal Energy International's value of 5.57 is 146.5% above this industry median. Based on the distribution chart, Thermal Energy International ranks #2432 out of 2982 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Thermal Energy International has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Thermal Energy International ranks #2432 out of 2982 companies for PB Ratio. This places Thermal Energy International in the lower half of its industry. The industry median PB Ratio is 2.26. Thermal Energy International's value of 5.57 is 146.5% above this benchmark. Historically, Thermal Energy International's own PB Ratio has ranged from 1.75 to 60.00 over the past decade. While the company's 10-year median is 6.15 vs. the industry median of 2.26, Thermal Energy International 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.26, based on 2,982 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. Thermal Energy International's current PB Ratio of 5.57 is 146.5% 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 Thermal Energy International and its competitors. For the Industrial Products industry, the median PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermal Energy International's current PB Ratio is 5.57, which is near median its own 10-year median of 6.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TMGEF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.18, compared to a current price of $0.12 — trading 35.1% below its estimated fair value. The current PB Ratio is 5.57, which is near median its 10-year median of 6.15 and 146.5% above the Industrial Products industry median of 2.26. Thermal Energy International's overall GF Score™ is 65/100 with 4 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 Thermal Energy International (TMGEF), the current PB Ratio is 5.57 as of Jun. 28, 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 Thermal Energy International (TMGEF) Overvalued in 2026?
Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued.
The current stock price of $0.12 is trading 35.1% below its estimated GF Value™ of $0.18.
GuruFocus considers Thermal Energy International to be Possible Value Trap.
Key valuation signals for TMGEF:
PB Ratio: 5.57 (near median its 10-year median of 6.15)
GF Value™: $0.18 vs. price of $0.12 (35.1% below fair value)
Industry Position: 146.5% above the Industrial Products median (#2432 of 2982)
No single metric tells the full story. See the TMGEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
65GF Score
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