Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Everspring Industry CoTPE:2390 -3.29%73 PB Ratio is 0.97 as of Jul. 15, 2026, which is 8% below its 10-year median of 1.06. GuruFocus rates TPE:2390 with a GF Score™ of 73/100 and a GF Value™ of NT$14.25 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,048 Business Services companies, Everspring Industry Co ranks better than 72.14% on this metric.
Everspring Industry Co Ltd stock PB Ratio (=1.07) is close to 2-year high of 1.1.
The historical rank and industry rank for Everspring Industry Co's PB Ratio or its related term are showing as below:
TPE:2390'
s PB Ratio Range Over the Past 10 Years
Min: 0.7 Med: 1.06 Max: 2.05
Current: 0.98
During the past 13 years, Everspring Industry Co's highest PB Ratio was 2.05. The lowest was 0.70. And the median was 1.06.
TPE:2390's PB Ratio is ranked better than 72.14% of 1048
companies
in the Business Services industry
Industry Median: 1.66
vs TPE:2390: 0.98
During the past 12 months, Everspring Industry Co's average Book Value Per Share Growth Rate was -0.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Everspring Industry Co was 19.80% per year. The lowest was -15.70% per year. And the median was -0.20% per year.
Back to Basics: PB Ratio
Everspring Industry Co (TPE:2390) 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.
* 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 Security & Protection Services subindustry, Everspring Industry 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.
Everspring Industry Co PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Everspring Industry Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Everspring Industry Co'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.
Everspring Industry Co (TPE:2390) has a PB Ratio of 0.97 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Everspring Industry Co and its competitors. This is near median its historical median of 1.06. Over the past decade, Everspring Industry Co's PB Ratio has ranged from 0.70 to 2.05. According to the industry distribution chart, Everspring Industry Co ranks #292 out of 1048 companies in the Business Services industry, placing it in the top 27.9%.
Is Everspring Industry Co's PB Ratio too high?
Everspring Industry Co's current PB Ratio of 0.97 is near median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 2.05. The Business Services industry median PB Ratio is 1.66. Everspring Industry Co's value of 0.97 is 41.6% below this industry median. Based on the distribution chart, Everspring Industry Co ranks #292 out of 1048 companies in the Business Services industry, which is above the industry midpoint. Overall, Everspring Industry Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Everspring Industry Co's PB Ratio compare to ALLE and MSA?
According to the Business Services industry distribution chart, Everspring Industry Co ranks #292 out of 1048 companies for PB Ratio. This puts Everspring Industry Co in the upper half of its industry. The industry median PB Ratio is 1.66. Everspring Industry Co's value of 0.97 is 41.6% below this benchmark. Historically, Everspring Industry Co's own PB Ratio has ranged from 0.70 to 2.05 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 1.66, Everspring Industry Co 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 Business Services company?
The median PB Ratio among Business Services companies is 1.66, based on 1,048 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. Everspring Industry Co's current PB Ratio of 0.97 is 41.6% 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 Everspring Industry Co and its competitors. For the Business Services industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Everspring Industry Co's current PB Ratio is 0.97, which is near median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Everspring Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Everspring Industry Co (TPE:2390) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.25, compared to a current price of NT$11.75 — trading 17.5% below its estimated fair value. The current PB Ratio is 0.97, which is near median its 10-year median of 1.06 and 41.6% below the Business Services industry median of 1.66. Everspring Industry Co's overall GF Score™ is 73/100 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 Everspring Industry Co (TPE:2390), the current PB Ratio is 0.97 as of Jul. 15, 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 Everspring Industry Co (TPE:2390) Overvalued in 2026?
Based on GuruFocus' analysis, Everspring Industry Co stock appears to be undervalued.
The current stock price of NT$11.75 is trading 17.5% below its estimated GF Value™ of NT$14.25.
GuruFocus considers Everspring Industry Co to be Modestly Undervalued.
Key valuation signals for TPE:2390:
PB Ratio: 0.97 (near median its 10-year median of 1.06)
GF Value™: NT$14.25 vs. price of NT$11.75 (17.5% below fair value)
Industry Position: 41.6% below the Business Services median (#292 of 1048)
No single metric tells the full story. See the TPE:2390 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Everspring Industry Co Ltd is a Taiwan-based company engaged in the production, manufacturing, reprocessing and trading of burglar alarm and other electronic products and parts. The company offers home and building solutions that cover products such as control panel, alarm system, automation, system, and other related products. Its reportable segments are Intelligent security control and the Security service segment. Geographically, the company derives its key revenue from Taiwan and the rest from China, and other regions.
73GF Score
Get the complete analysis for TPE:2390
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:2390 has been successfully added to your 
