Tatung Co (TPE:2371) PB Ratio: 1.24 (As of Jul. 06, 2026) — 18% Below Median


TPE:2371 Tatung Co Ltd TPE:2371
71 GF Score
Price NT$28.00
GF Value NT$55.17
Valuation Possible Value Trap
! 8 Warning Signs
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What is Tatung Co PB Ratio?

Tatung Co TPE:2371 +2.00% 71 PB Ratio is 1.24 as of Jul. 06, 2026, which is 18% below its 10-year median of 1.52. GuruFocus rates TPE:2371 with a GF Score™ of 71/100 and a GF Value™ of NT$55.17 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 544 Conglomerates companies, Tatung Co ranks worse than 57.54% 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 (2026-07-06), Tatung Co's share price is NT$28.00. Tatung Co's Book Value per Share for the quarter that ended in Dec. 2025 was NT$22.61. Hence, Tatung Co's PB Ratio of today is 1.24.

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

TPE:2371' s PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 1.52   Max: 3.69
Current: 1.24

During the past 13 years, Tatung Co's highest PB Ratio was 3.69. The lowest was 0.40. And the median was 1.52.

TPE:2371's PB Ratio is ranked worse than
57.54% of 544 companies
in the Conglomerates industry
Industry Median: 1.07 vs TPE:2371: 1.24

During the past 12 months, Tatung Co's average Book Value Per Share Growth Rate was -29.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -0.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 11.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.70% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tatung Co was 23.00% per year. The lowest was -17.30% per year. And the median was 2.40% per year.

Back to Basics: PB Ratio


Tatung Co  (TPE:2371) 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.


Tatung Co PB Ratio Related Terms


Tatung Co PB Ratio Historical Data

* Premium members only.

The historical data trend for Tatung Co'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.

Tatung Co PB Ratio Chart

Tatung Co 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 1.99 1.56 1.78 1.57 1.40

Tatung Co 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 1.57 1.51 1.42 1.36 1.40

TPE:2371 vs HON, MMM: PB Ratio Comparison

For the Conglomerates subindustry, Tatung Co'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.


Tatung Co PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tatung Co's PB Ratio distribution charts can be found below:

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


TPE:2371
71GF Score
Tatung Co Ltd TPE:2371
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tatung Co 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.

Tatung Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=28.00/22.614
=1.24

* 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 1.24 mean?
Tatung Co (TPE:2371) has a PB Ratio of 1.24 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tatung Co and its competitors. This is 18% below median its historical median of 1.52. Over the past decade, Tatung Co's PB Ratio has ranged from 0.40 to 3.69. According to the industry distribution chart, Tatung Co ranks #313 out of 544 companies in the Conglomerates industry, placing it in the top 57.5%.
Is Tatung Co's PB Ratio too high?
Tatung Co's current PB Ratio of 1.24 is 18% below median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 3.69. The Conglomerates industry median PB Ratio is 1.07. Tatung Co's value of 1.24 is 15.9% above this industry median. Based on the distribution chart, Tatung Co ranks #313 out of 544 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Tatung Co has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tatung Co's PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Tatung Co ranks #313 out of 544 companies for PB Ratio. This places Tatung Co in the lower half of its industry. The industry median PB Ratio is 1.07. Tatung Co's value of 1.24 is 15.9% above this benchmark. Historically, Tatung Co's own PB Ratio has ranged from 0.40 to 3.69 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 1.07, Tatung Co 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 Conglomerates company?
The median PB Ratio among Conglomerates companies is 1.07, based on 544 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. Tatung Co's current PB Ratio of 1.24 is 15.9% 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 Tatung Co and its competitors. For the Conglomerates industry, the median PB Ratio is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tatung Co's current PB Ratio is 1.24, which is 18% below median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tatung Co stock overvalued right now?
Based on GuruFocus' analysis, Tatung Co (TPE:2371) is currently considered Possible Value Trap. The stock's GF Value™ is NT$55.17, compared to a current price of NT$28.00 — trading 49.2% below its estimated fair value. The current PB Ratio is 1.24, which is 18% below median its 10-year median of 1.52 and 15.9% above the Conglomerates industry median of 1.07. Tatung Co's overall GF Score™ is 71/100 with 8 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 Tatung Co (TPE:2371), the current PB Ratio is 1.24 as of Jul. 06, 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 Tatung Co (TPE:2371) Overvalued in 2026?

Based on GuruFocus' analysis, Tatung Co stock appears to be undervalued. The current stock price of NT$28.00 is trading 49.2% below its estimated GF Value™ of NT$55.17. GuruFocus considers Tatung Co to be Possible Value Trap.

Key valuation signals for TPE:2371:

  • PB Ratio: 1.24 (18% below median its 10-year median of 1.52)
  • GF Value™: NT$55.17 vs. price of NT$28.00 (49.2% below fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 15.9% above the Conglomerates median (#313 of 544)

No single metric tells the full story. See the TPE:2371 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tatung Co Business Description

Address Zhongshan North Road, No. 22, Section 3, Zhongshan District, Taipei, TWN, 104427
Tatung Co Ltd is a Taiwan-based conglomerate that operates through the following business groups. Electric power, system integration and new energy; its segmensta are : Electric power,system integration and new energy segment; Consumer electronics segment; ; and Other Business segment. It generates the majority of its revenue from the Electric power, system integration and new energy segment which develops, manufactures, and sells related components, intelligent grids, smart grid portals, photovoltaics, motors, machinery, energy control, green investment, and miscellaneous systems. Its geographical operations include Taiwan, Asia, Europe, America, and Others.
71GF Score

Get the complete analysis for TPE:2371

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

NT$28.00
Price
NT$55.17
GF Value