TOPBI International HoldingsTPE:2929 -1.02%69 PB Ratio is 0.23 as of Jul. 07, 2026, which is 57% below its 10-year median of 0.54. GuruFocus rates TPE:2929 with a GF Score™ of 69/100 and a GF Value™ of NT$7.80 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 997 Manufacturing - Apparel & Accessories companies, TOPBI International Holdings ranks better than 94.38% on this metric.
During the past 12 months, TOPBI International Holdings's average Book Value Per Share Growth Rate was -6.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -3.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -5.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of TOPBI International Holdings was 45.30% per year. The lowest was -19.70% per year. And the median was 2.00% per year.
Back to Basics: PB Ratio
TOPBI International Holdings (TPE:2929) 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.
TOPBI International Holdings PB Ratio Related Terms
TOPBI International Holdings PB Ratio Historical Data
* 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 Apparel Manufacturing subindustry, TOPBI International Holdings'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.
TOPBI International Holdings PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TOPBI International Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where TOPBI International Holdings'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.
TOPBI International Holdings (TPE:2929) has a PB Ratio of 0.23 as of Jul. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on TOPBI International Holdings and its competitors. This is 57% below median its historical median of 0.54. Over the past decade, TOPBI International Holdings' PB Ratio has ranged from 0.22 to 2.78. According to the industry distribution chart, TOPBI International Holdings ranks #56 out of 997 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 5.6%.
Is TOPBI International Holdings' PB Ratio too high?
TOPBI International Holdings' current PB Ratio of 0.23 is 57% below median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 2.78. The Manufacturing - Apparel & Accessories industry median PB Ratio is 1.08. TOPBI International Holdings' value of 0.23 is 78.7% below this industry median. Based on the distribution chart, TOPBI International Holdings ranks #56 out of 997 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, TOPBI International Holdings has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TOPBI International Holdings' PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, TOPBI International Holdings ranks #56 out of 997 companies for PB Ratio. This places TOPBI International Holdings in the top 6% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.08. TOPBI International Holdings' value of 0.23 is 78.7% below this benchmark. Historically, TOPBI International Holdings' own PB Ratio has ranged from 0.22 to 2.78 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 1.08, TOPBI International Holdings 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 Manufacturing - Apparel & Accessories company?
The median PB Ratio among Manufacturing - Apparel & Accessories companies is 1.08, based on 997 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. TOPBI International Holdings's current PB Ratio of 0.23 is 78.7% 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 TOPBI International Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOPBI International Holdings's current PB Ratio is 0.23, which is 57% below median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOPBI International Holdings stock overvalued right now?
Based on GuruFocus' analysis, TOPBI International Holdings (TPE:2929) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$7.80, compared to a current price of NT$5.84 — trading 25.1% below its estimated fair value. The current PB Ratio is 0.23, which is 57% below median its 10-year median of 0.54 and 78.7% below the Manufacturing - Apparel & Accessories industry median of 1.08. TOPBI International Holdings' overall GF Score™ is 69/100 with 3 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 TOPBI International Holdings (TPE:2929), the current PB Ratio is 0.23 as of Jul. 07, 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 TOPBI International Holdings (TPE:2929) Overvalued in 2026?
Based on GuruFocus' analysis, TOPBI International Holdings stock appears to be undervalued.
The current stock price of NT$5.84 is trading 25.1% below its estimated GF Value™ of NT$7.80.
GuruFocus considers TOPBI International Holdings to be Modestly Undervalued.
Key valuation signals for TPE:2929:
PB Ratio: 0.23 (57% below median its 10-year median of 0.54)
GF Value™: NT$7.80 vs. price of NT$5.84 (25.1% below fair value)
Industry Position: 78.7% below the Manufacturing - Apparel & Accessories median (#56 of 997)
No single metric tells the full story. See the TPE:2929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TOPBI International Holdings Ltd is a children's clothing manufacturer. Its products, which it sells under the TOPBI (Amoy) brand, are designed for middle-class families with children under 16 years old. Nearly half of the company's sales are from items designed for the 1- to 3-year-old age group. TOPBI sells its products through both company-owned stores and third-party distributors. The company focuses on reaching customers in the developing market in China, and its roughly 1,500 stores are in more than a dozen Chinese provinces.
69GF Score
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