Tomra Systems ASATMRAY +2.52%86 PB Ratio is 4.18 as of Jun. 24, 2026, which is 40% below its 10-year median of 6.91. GuruFocus rates TMRAY with a GF Score™ of 86/100 and a GF Value™ of $16.08 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 230 Waste Management companies, Tomra Systems ASA ranks worse than 84.78% on this metric.
Tomra Systems ASA stock PB Ratio (=4.29) is close to 2-year low of 3.98.
The historical rank and industry rank for Tomra Systems ASA's PB Ratio or its related term are showing as below:
TMRAY'
s PB Ratio Range Over the Past 10 Years
Min: 3.05 Med: 6.91 Max: 15.99
Current: 4.23
During the past 13 years, Tomra Systems ASA's highest PB Ratio was 15.99. The lowest was 3.05. And the median was 6.91.
TMRAY's PB Ratio is ranked worse than 84.78% of 230
companies
in the Waste Management industry
Industry Median: 1.605
vs TMRAY: 4.23
During the past 12 months, Tomra Systems ASA's average Book Value Per Share Growth Rate was -3.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tomra Systems ASA was 19.60% per year. The lowest was 0.80% per year. And the median was 7.30% per year.
Back to Basics: PB Ratio
Tomra Systems ASA (OTCPK:TMRAY) 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.
Tomra Systems ASA PB Ratio Related Terms
Tomra Systems ASA PB Ratio Historical Data
* Premium members only.
The historical data trend for Tomra Systems ASA'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.
For the Waste Management subindustry, Tomra Systems ASA'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.
Tomra Systems ASA PB Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tomra Systems ASA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA'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.
Tomra Systems ASA (TMRAY) has a PB Ratio of 4.18 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tomra Systems ASA and its competitors. This is 40% below median its historical median of 6.91. Over the past decade, Tomra Systems ASA's PB Ratio has ranged from 3.05 to 15.99. According to the industry distribution chart, Tomra Systems ASA ranks #195 out of 230 companies in the Waste Management industry, placing it in the top 84.8%.
Is Tomra Systems ASA's PB Ratio too high?
Tomra Systems ASA's current PB Ratio of 4.18 is 40% below median its 10-year median of 6.91. Over the past 10 years, this metric has ranged from a low of 3.05 to a high of 15.99. The Waste Management industry median PB Ratio is 1.61. Tomra Systems ASA's value of 4.18 is 160.4% above this industry median. Based on the distribution chart, Tomra Systems ASA ranks #195 out of 230 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Tomra Systems ASA has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Tomra Systems ASA ranks #195 out of 230 companies for PB Ratio. This places Tomra Systems ASA in the lower half of its industry. The industry median PB Ratio is 1.61. Tomra Systems ASA's value of 4.18 is 160.4% above this benchmark. Historically, Tomra Systems ASA's own PB Ratio has ranged from 3.05 to 15.99 over the past decade. While the company's 10-year median is 6.91 vs. the industry median of 1.61, Tomra Systems ASA 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 Waste Management company?
The median PB Ratio among Waste Management companies is 1.61, based on 230 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. Tomra Systems ASA's current PB Ratio of 4.18 is 160.4% 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 Tomra Systems ASA and its competitors. For the Waste Management industry, the median PB Ratio is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomra Systems ASA's current PB Ratio is 4.18, which is 40% below median its own 10-year median of 6.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Significantly Undervalued. The stock's GF Value™ is $16.08, compared to a current price of $9.78 — trading 39.2% below its estimated fair value. The current PB Ratio is 4.18, which is 40% below median its 10-year median of 6.91 and 160.4% above the Waste Management industry median of 1.61. Tomra Systems ASA's overall GF Score™ is 86/100 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 Tomra Systems ASA (TMRAY), the current PB Ratio is 4.18 as of Jun. 24, 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 Tomra Systems ASA (TMRAY) Overvalued in 2026?
Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued.
The current stock price of $9.78 is trading 39.2% below its estimated GF Value™ of $16.08.
GuruFocus considers Tomra Systems ASA to be Significantly Undervalued.
Key valuation signals for TMRAY:
PB Ratio: 4.18 (40% below median its 10-year median of 6.91)
GF Value™: $16.08 vs. price of $9.78 (39.2% below fair value)
Industry Position: 160.4% above the Waste Management median (#195 of 230)
No single metric tells the full story. See the TMRAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
86GF Score
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