Bright Led ElectronicsTPE:3031 64 PB Ratio is 1.83 as of Jul. 12, 2026, which is 69% above its 10-year median of 1.08. GuruFocus rates TPE:3031 with a GF Score™ of 64/100 and a GF Value™ of NT$18.77 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,421 Hardware companies, Bright Led Electronics ranks better than 60.02% on this metric.
Bright Led Electronics Corp stock PB Ratio (=1.83) is close to 10-year high of 2.01.
The historical rank and industry rank for Bright Led Electronics's PB Ratio or its related term are showing as below:
TPE:3031'
s PB Ratio Range Over the Past 10 Years
Min: 0.65 Med: 1.08 Max: 2.01
Current: 1.83
During the past 13 years, Bright Led Electronics's highest PB Ratio was 2.01. The lowest was 0.65. And the median was 1.08.
TPE:3031's PB Ratio is ranked better than 60.02% of 2421
companies
in the Hardware industry
Industry Median: 2.35
vs TPE:3031: 1.83
During the past 12 months, Bright Led Electronics'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 0.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bright Led Electronics was 5.50% per year. The lowest was -5.80% per year. And the median was 1.10% per year.
Back to Basics: PB Ratio
Bright Led Electronics (TPE:3031) 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 Electronic Components subindustry, Bright Led Electronics'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.
Bright Led Electronics PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Bright Led Electronics's PB Ratio distribution charts can be found below:
* The bar in red indicates where Bright Led Electronics'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.
Bright Led Electronics (TPE:3031) has a PB Ratio of 1.83 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bright Led Electronics and its competitors. This is 69% above median its historical median of 1.08. Over the past decade, Bright Led Electronics' PB Ratio has ranged from 0.65 to 2.01. According to the industry distribution chart, Bright Led Electronics ranks #968 out of 2421 companies in the Hardware industry, placing it in the top 40%.
Is Bright Led Electronics' PB Ratio too high?
Bright Led Electronics' current PB Ratio of 1.83 is 69% above median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 2.01. The Hardware industry median PB Ratio is 2.35. Bright Led Electronics' value of 1.83 is 22.1% below this industry median. Based on the distribution chart, Bright Led Electronics ranks #968 out of 2421 companies in the Hardware industry, which is above the industry midpoint. Overall, Bright Led Electronics has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Led Electronics' PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Bright Led Electronics ranks #968 out of 2421 companies for PB Ratio. This puts Bright Led Electronics in the upper half of its industry. The industry median PB Ratio is 2.35. Bright Led Electronics' value of 1.83 is 22.1% below this benchmark. Historically, Bright Led Electronics' own PB Ratio has ranged from 0.65 to 2.01 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 2.35, Bright Led Electronics 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 Hardware company?
The median PB Ratio among Hardware companies is 2.35, based on 2,421 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. Bright Led Electronics's current PB Ratio of 1.83 is 22.1% 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 Bright Led Electronics and its competitors. For the Hardware industry, the median PB Ratio is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bright Led Electronics's current PB Ratio is 1.83, which is 69% above median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Led Electronics stock overvalued right now?
Based on GuruFocus' analysis, Bright Led Electronics (TPE:3031) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.77, compared to a current price of NT$30.85 — trading 64.4% above its estimated fair value. The current PB Ratio is 1.83, which is 69% above median its 10-year median of 1.08 and 22.1% below the Hardware industry median of 2.35. Bright Led Electronics' overall GF Score™ is 64/100 with 9 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 Bright Led Electronics (TPE:3031), the current PB Ratio is 1.83 as of Jul. 12, 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 Bright Led Electronics (TPE:3031) Overvalued in 2026?
Based on GuruFocus' analysis, Bright Led Electronics stock appears to be overvalued.
The current stock price of NT$30.85 is trading 64.4% above its estimated GF Value™ of NT$18.77.
GuruFocus considers Bright Led Electronics to be Significantly Overvalued.
Key valuation signals for TPE:3031:
PB Ratio: 1.83 (69% above median its 10-year median of 1.08)
GF Value™: NT$18.77 vs. price of NT$30.85 (64.4% above fair value)
Industry Position: 22.1% below the Hardware median (#968 of 2421)
No single metric tells the full story. See the TPE:3031 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bright Led Electronics Corp is engaged in the engaged in the manufacturing and sales of light-emitting diode, indicator lights, displays and other extended products and undertaking engineering projects that provide indicator lights, displays and related supporting engineering projects. The company operates in four principal geographical areas - the United States, China, Taiwan, Korea and others, where majority revenue is from the Chinese segment.
64GF Score
Get the complete analysis for TPE:3031
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