Excel Cell Electronic Co (TPE:2483) PB Ratio: 2.86 (As of Jul. 13, 2026) — 198% Above Median


TPE:2483 Excel Cell Electronic Co Ltd TPE:2483
57 GF Score
Price NT$68.00
GF Value NT$21.02
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Excel Cell Electronic Co PB Ratio?

Excel Cell Electronic Co TPE:2483 57 PB Ratio is 2.86 as of Jul. 13, 2026, which is 198% above its 10-year median of 0.96. GuruFocus rates TPE:2483 with a GF Score™ of 57/100 and a GF Value™ of NT$21.02 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,985 Industrial Products companies, Excel Cell Electronic Co ranks worse than 60.77% 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 (2026-07-13), Excel Cell Electronic Co's share price is NT$68.00. Excel Cell Electronic Co's Book Value per Share for the quarter that ended in Dec. 2025 was NT$23.77. Hence, Excel Cell Electronic Co's PB Ratio of today is 2.86.

Warning Sign:

Excel Cell Electronic Co Ltd stock PB Ratio (=2.86) is close to 10-year high of 2.86.

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

TPE:2483' s PB Ratio Range Over the Past 10 Years
Min: 0.69   Med: 0.96   Max: 2.86
Current: 2.86

During the past 13 years, Excel Cell Electronic Co's highest PB Ratio was 2.86. The lowest was 0.69. And the median was 0.96.

TPE:2483's PB Ratio is ranked worse than
60.77% of 2985 companies
in the Industrial Products industry
Industry Median: 2.25 vs TPE:2483: 2.86

During the past 12 months, Excel Cell Electronic Co's average Book Value Per Share Growth Rate was 2.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -0.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 1.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Excel Cell Electronic Co was 4.20% per year. The lowest was -0.60% per year. And the median was 0.80% per year.

Back to Basics: PB Ratio


Excel Cell Electronic Co  (TPE:2483) 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.


Excel Cell Electronic Co PB Ratio Related Terms


Excel Cell Electronic Co PB Ratio Historical Data

* Premium members only.

The historical data trend for Excel Cell Electronic 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.

Excel Cell Electronic Co PB Ratio Chart

Excel Cell Electronic 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 1.15 1.00 1.04 0.96 0.80

Excel Cell Electronic 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 0.96 0.86 0.76 0.92 0.80

TPE:2483 vs VRT, BE: PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Excel Cell Electronic 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.


Excel Cell Electronic Co PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Excel Cell Electronic Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Excel Cell Electronic Co's PB Ratio falls into.


TPE:2483
57GF Score
Excel Cell Electronic Co Ltd TPE:2483
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Excel Cell Electronic 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.

Excel Cell Electronic Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=68.00/23.77
=2.86

* 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 2.86 mean?
Excel Cell Electronic Co (TPE:2483) has a PB Ratio of 2.86 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Excel Cell Electronic Co and its competitors. This is 198% above median its historical median of 0.96. Over the past decade, Excel Cell Electronic Co's PB Ratio has ranged from 0.69 to 2.86. According to the industry distribution chart, Excel Cell Electronic Co ranks #1814 out of 2985 companies in the Industrial Products industry, placing it in the top 60.8%.
Is Excel Cell Electronic Co's PB Ratio too high?
Excel Cell Electronic Co's current PB Ratio of 2.86 is 198% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 2.86. The Industrial Products industry median PB Ratio is 2.25. Excel Cell Electronic Co's value of 2.86 is 27.1% above this industry median. Based on the distribution chart, Excel Cell Electronic Co ranks #1814 out of 2985 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Excel Cell Electronic Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Excel Cell Electronic Co's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Excel Cell Electronic Co ranks #1814 out of 2985 companies for PB Ratio. This places Excel Cell Electronic Co in the lower half of its industry. The industry median PB Ratio is 2.25. Excel Cell Electronic Co's value of 2.86 is 27.1% above this benchmark. Historically, Excel Cell Electronic Co's own PB Ratio has ranged from 0.69 to 2.86 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 2.25, Excel Cell Electronic 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.25, based on 2,985 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. Excel Cell Electronic Co's current PB Ratio of 2.86 is 27.1% 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 Excel Cell Electronic Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excel Cell Electronic Co's current PB Ratio is 2.86, which is 198% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excel Cell Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Excel Cell Electronic Co (TPE:2483) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$21.02, compared to a current price of NT$68.00 — trading 223.5% above its estimated fair value. The current PB Ratio is 2.86, which is 198% above median its 10-year median of 0.96 and 27.1% above the Industrial Products industry median of 2.25. Excel Cell Electronic Co's overall GF Score™ is 57/100 with 7 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 Excel Cell Electronic Co (TPE:2483), the current PB Ratio is 2.86 as of Jul. 13, 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 Excel Cell Electronic Co (TPE:2483) Overvalued in 2026?

Based on GuruFocus' analysis, Excel Cell Electronic Co stock appears to be overvalued. The current stock price of NT$68.00 is trading 223.5% above its estimated GF Value™ of NT$21.02. GuruFocus considers Excel Cell Electronic Co to be Significantly Overvalued.

Key valuation signals for TPE:2483:

  • PB Ratio: 2.86 (198% above median its 10-year median of 0.96)
  • GF Value™: NT$21.02 vs. price of NT$68.00 (223.5% above fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 27.1% above the Industrial Products median (#1814 of 2985)

No single metric tells the full story. See the TPE:2483 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Excel Cell Electronic Co Business Description

Address No. 20, Gongyequ 25th road, Nantun District, Taichung, TWN, 408216
Excel Cell Electronic Co Ltd is engaged in the manufacture and sale of electronic components such as programmable switches, relays, terminal blocks, and lead frames, as well as the processing and sale of various batteries, which are also their sales items. Its products are the main components for computer and communication equipment. The segment includes: the Taiwan Company, China Subsidiaries, and others segment. Product-wise, the firm generates the majority of its revenue from Semiconductors, followed by Electronic Components, Stepping Motor, and Relays.
57GF Score

Get the complete analysis for TPE:2483

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

NT$68.00
Price
NT$21.02
GF Value