Tonlin Department Store Co (TPE:2910) PB Ratio: 1.40 (As of Jul. 08, 2026) — 34% Below Median


TPE:2910 Tonlin Department Store Co Ltd TPE:2910
74 GF Score
Price NT$21.95
GF Value NT$19.50
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Tonlin Department Store Co PB Ratio?

Tonlin Department Store Co TPE:2910 -1.13% 74 PB Ratio is 1.40 as of Jul. 08, 2026, which is 34% below its 10-year median of 2.12. GuruFocus rates TPE:2910 with a GF Score™ of 74/100 and a GF Value™ of NT$19.50 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,073 Retail - Cyclical companies, Tonlin Department Store Co ranks better than 51.54% 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 (2026-07-08), Tonlin Department Store Co's share price is NT$21.95. Tonlin Department Store Co's Book Value per Share for the quarter that ended in Dec. 2025 was NT$15.72. Hence, Tonlin Department Store Co's PB Ratio of today is 1.40.

Good Sign:

Tonlin Department Store Co Ltd stock PB Ratio (=1.44) is close to 10-year low of 1.31.

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

TPE:2910' s PB Ratio Range Over the Past 10 Years
Min: 1.31   Med: 2.12   Max: 3.93
Current: 1.39

During the past 13 years, Tonlin Department Store Co's highest PB Ratio was 3.93. The lowest was 1.31. And the median was 2.12.

TPE:2910's PB Ratio is ranked better than
51.54% of 1073 companies
in the Retail - Cyclical industry
Industry Median: 1.47 vs TPE:2910: 1.39

During the past 12 months, Tonlin Department Store Co's average Book Value Per Share Growth Rate was 1.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 3.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tonlin Department Store Co was 7.10% per year. The lowest was -1.30% per year. And the median was 1.85% per year.

Back to Basics: PB Ratio


Tonlin Department Store Co  (TPE:2910) 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.


Tonlin Department Store Co PB Ratio Related Terms


Tonlin Department Store Co PB Ratio Historical Data

* Premium members only.

The historical data trend for Tonlin Department Store 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.

Tonlin Department Store Co PB Ratio Chart

Tonlin Department Store 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 2.93 2.22 1.90 1.46 1.31

Tonlin Department Store 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 1.46 1.56 1.46 1.36 1.31

TPE:2910 vs DDS, M: PB Ratio Comparison

For the Department Stores subindustry, Tonlin Department Store 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.


Tonlin Department Store Co PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tonlin Department Store Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Tonlin Department Store Co's PB Ratio falls into.


TPE:2910
74GF Score
Tonlin Department Store Co Ltd TPE:2910
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tonlin Department Store 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.

Tonlin Department Store Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=21.95/15.723
=1.40

* 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 1.40 mean?
Tonlin Department Store Co (TPE:2910) has a PB Ratio of 1.40 as of Jul. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tonlin Department Store Co and its competitors. This is 34% below median its historical median of 2.12. Over the past decade, Tonlin Department Store Co's PB Ratio has ranged from 1.31 to 3.93. According to the industry distribution chart, Tonlin Department Store Co ranks #520 out of 1073 companies in the Retail - Cyclical industry, placing it in the top 48.5%.
Is Tonlin Department Store Co's PB Ratio too high?
Tonlin Department Store Co's current PB Ratio of 1.40 is 34% below median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 3.93. The Retail - Cyclical industry median PB Ratio is 1.47. Tonlin Department Store Co's value of 1.40 is 4.8% below this industry median. Based on the distribution chart, Tonlin Department Store Co ranks #520 out of 1073 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Tonlin Department Store Co has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tonlin Department Store Co's PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Tonlin Department Store Co ranks #520 out of 1073 companies for PB Ratio. This puts Tonlin Department Store Co in the upper half of its industry. The industry median PB Ratio is 1.47. Tonlin Department Store Co's value of 1.40 is 4.8% below this benchmark. Historically, Tonlin Department Store Co's own PB Ratio has ranged from 1.31 to 3.93 over the past decade. While the company's 10-year median is 2.12 vs. the industry median of 1.47, Tonlin Department Store 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 Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.47, based on 1,073 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. Tonlin Department Store Co's current PB Ratio of 1.40 is 4.8% 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 Tonlin Department Store Co and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tonlin Department Store Co's current PB Ratio is 1.40, which is 34% below median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tonlin Department Store Co stock overvalued right now?
Based on GuruFocus' analysis, Tonlin Department Store Co (TPE:2910) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$19.50, compared to a current price of NT$21.95 — trading 12.6% above its estimated fair value. The current PB Ratio is 1.40, which is 34% below median its 10-year median of 2.12 and 4.8% below the Retail - Cyclical industry median of 1.47. Tonlin Department Store Co's overall GF Score™ is 74/100 with 6 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 Tonlin Department Store Co (TPE:2910), the current PB Ratio is 1.40 as of Jul. 08, 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 Tonlin Department Store Co (TPE:2910) Overvalued in 2026?

Based on GuruFocus' analysis, Tonlin Department Store Co stock appears to be overvalued. The current stock price of NT$21.95 is trading 12.6% above its estimated GF Value™ of NT$19.50. GuruFocus considers Tonlin Department Store Co to be Modestly Overvalued.

Key valuation signals for TPE:2910:

  • PB Ratio: 1.40 (34% below median its 10-year median of 2.12)
  • GF Value™: NT$19.50 vs. price of NT$21.95 (12.6% above fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 4.8% below the Retail - Cyclical median (#520 of 1073)

No single metric tells the full story. See the TPE:2910 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tonlin Department Store Co Business Description

Address Zhongxiao East Road, 10th Floor-6, No.197, Section 4, Taipei, TWN
Tonlin Department Store Co Ltd operates department stores offering men's and women's apparel and accessories, food, gifts, and general merchandise, among others. The reporting segments for the company are: Department store and Construction segment. Maximum revenue is generated from the Department store segment.
74GF Score

Get the complete analysis for TPE:2910

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

NT$21.95
Price
NT$19.50
GF Value