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Sincere NavigationTPE:2605 -1.26%84 PB Ratio is 1.05 as of Jul. 16, 2026, which is 35% above its 10-year median of 0.78. GuruFocus rates TPE:2605 with a GF Score™ of 84/100 and a GF Value™ of NT$28.06 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 965 Transportation companies, Sincere Navigation ranks better than 59.69% on this metric.
The historical rank and industry rank for Sincere Navigation's PB Ratio or its related term are showing as below:
TPE:2605'
s PB Ratio Range Over the Past 10 Years
Min: 0.38 Med: 0.78 Max: 2.24
Current: 1.05
During the past 13 years, Sincere Navigation's highest PB Ratio was 2.24. The lowest was 0.38. And the median was 0.78.
TPE:2605's PB Ratio is ranked better than 59.69% of 965
companies
in the Transportation industry
Industry Median: 1.25
vs TPE:2605: 1.05
During the past 12 months, Sincere Navigation's average Book Value Per Share Growth Rate was -4.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sincere Navigation was 9.60% per year. The lowest was -2.90% per year. And the median was 3.10% per year.
Back to Basics: PB Ratio
Sincere Navigation (TPE:2605) 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.
Sincere Navigation PB Ratio Related Terms
Sincere Navigation PB Ratio Historical Data
* Premium members only.
The historical data trend for Sincere Navigation'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 Marine Shipping subindustry, Sincere Navigation'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.
Sincere Navigation PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Sincere Navigation's PB Ratio distribution charts can be found below:
* The bar in red indicates where Sincere Navigation'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.
Sincere Navigation (TPE:2605) has a PB Ratio of 1.05 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sincere Navigation and its competitors. This is 35% above median its historical median of 0.78. Over the past decade, Sincere Navigation's PB Ratio has ranged from 0.38 to 2.24. According to the industry distribution chart, Sincere Navigation ranks #389 out of 965 companies in the Transportation industry, placing it in the top 40.3%.
Is Sincere Navigation's PB Ratio too high?
Sincere Navigation's current PB Ratio of 1.05 is 35% above median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 2.24. The Transportation industry median PB Ratio is 1.25. Sincere Navigation's value of 1.05 is 16% below this industry median. Based on the distribution chart, Sincere Navigation ranks #389 out of 965 companies in the Transportation industry, which is above the industry midpoint. Overall, Sincere Navigation has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sincere Navigation's PB Ratio compare to competitors?
According to the Transportation industry distribution chart, Sincere Navigation ranks #389 out of 965 companies for PB Ratio. This puts Sincere Navigation in the upper half of its industry. The industry median PB Ratio is 1.25. Sincere Navigation's value of 1.05 is 16% below this benchmark. Historically, Sincere Navigation's own PB Ratio has ranged from 0.38 to 2.24 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 1.25, Sincere Navigation 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 Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 965 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. Sincere Navigation's current PB Ratio of 1.05 is 16% 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 Sincere Navigation and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sincere Navigation's current PB Ratio is 1.05, which is 35% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sincere Navigation stock overvalued right now?
Based on GuruFocus' analysis, Sincere Navigation (TPE:2605) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$28.06, compared to a current price of NT$31.25 — trading 11.4% above its estimated fair value. The current PB Ratio is 1.05, which is 35% above median its 10-year median of 0.78 and 16% below the Transportation industry median of 1.25. Sincere Navigation's overall GF Score™ is 84/100 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 Sincere Navigation (TPE:2605), the current PB Ratio is 1.05 as of Jul. 16, 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 Sincere Navigation (TPE:2605) Overvalued in 2026?
Based on GuruFocus' analysis, Sincere Navigation stock appears to be overvalued.
The current stock price of NT$31.25 is trading 11.4% above its estimated GF Value™ of NT$28.06.
GuruFocus considers Sincere Navigation to be Modestly Overvalued.
Key valuation signals for TPE:2605:
PB Ratio: 1.05 (35% above median its 10-year median of 0.78)
GF Value™: NT$28.06 vs. price of NT$31.25 (11.4% above fair value)
Industry Position: 16% below the Transportation median (#389 of 965)
No single metric tells the full story. See the TPE:2605 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sincere Navigation Corp is a bulk shipping transportation company in Taiwan. The company's main business line is to provide an integrated shipping solution. It provides a consistent, high-quality transportation service to customers around the world in key industries such as coal and iron ore mining, steel, energy, and paper. It provides tug and barge services. Its segment includes the Bulk carrier and Oil tanker segments. It derives the majority of the revenue from the Bulk carrier segment.
84GF Score
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