Well Shin Technology CoTPE:3501 +1.11%76 PB Ratio is 0.70 as of Jul. 04, 2026, which is 31% below its 10-year median of 1.02. GuruFocus rates TPE:3501 with a GF Score™ of 76/100 and a GF Value™ of NT$59.79 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 2,981 Industrial Products companies, Well Shin Technology Co ranks better than 87.22% on this metric.
Well Shin Technology Co Ltd stock PB Ratio (=0.68) is close to 10-year low of 0.68.
The historical rank and industry rank for Well Shin Technology Co's PB Ratio or its related term are showing as below:
TPE:3501'
s PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 1.02 Max: 1.46
Current: 0.7
During the past 13 years, Well Shin Technology Co's highest PB Ratio was 1.46. The lowest was 0.68. And the median was 1.02.
TPE:3501's PB Ratio is ranked better than 87.22% of 2981
companies
in the Industrial Products industry
Industry Median: 2.33
vs TPE:3501: 0.70
During the past 12 months, Well Shin Technology 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 1.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Well Shin Technology Co was 6.10% per year. The lowest was 0.40% per year. And the median was 2.70% per year.
Back to Basics: PB Ratio
Well Shin Technology Co (TPE:3501) 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 Electrical Equipment & Parts subindustry, Well Shin Technology 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.
Well Shin Technology Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Well Shin Technology Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Well Shin Technology Co'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.
Well Shin Technology Co (TPE:3501) has a PB Ratio of 0.70 as of Jul. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Well Shin Technology Co and its competitors. This is 31% below median its historical median of 1.02. Over the past decade, Well Shin Technology Co's PB Ratio has ranged from 0.68 to 1.46. According to the industry distribution chart, Well Shin Technology Co ranks #381 out of 2981 companies in the Industrial Products industry, placing it in the top 12.8%.
Is Well Shin Technology Co's PB Ratio too high?
Well Shin Technology Co's current PB Ratio of 0.70 is 31% below median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.46. The Industrial Products industry median PB Ratio is 2.33. Well Shin Technology Co's value of 0.70 is 70% below this industry median. Based on the distribution chart, Well Shin Technology Co ranks #381 out of 2981 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Well Shin Technology Co has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Well Shin Technology Co's PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Well Shin Technology Co ranks #381 out of 2981 companies for PB Ratio. This places Well Shin Technology Co in the top 13% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.33. Well Shin Technology Co's value of 0.70 is 70% below this benchmark. Historically, Well Shin Technology Co's own PB Ratio has ranged from 0.68 to 1.46 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 2.33, Well Shin Technology 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 an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.33, based on 2,981 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. Well Shin Technology Co's current PB Ratio of 0.70 is 70% 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 Well Shin Technology Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Well Shin Technology Co's current PB Ratio is 0.70, which is 31% below median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Well Shin Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Well Shin Technology Co (TPE:3501) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$59.79, compared to a current price of NT$41.05 — trading 31.3% below its estimated fair value. The current PB Ratio is 0.70, which is 31% below median its 10-year median of 1.02 and 70% below the Industrial Products industry median of 2.33. Well Shin Technology Co's overall GF Score™ is 76/100 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 Well Shin Technology Co (TPE:3501), the current PB Ratio is 0.70 as of Jul. 04, 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 Well Shin Technology Co (TPE:3501) Overvalued in 2026?
Based on GuruFocus' analysis, Well Shin Technology Co stock appears to be undervalued.
The current stock price of NT$41.05 is trading 31.3% below its estimated GF Value™ of NT$59.79.
GuruFocus considers Well Shin Technology Co to be Significantly Undervalued.
Key valuation signals for TPE:3501:
PB Ratio: 0.70 (31% below median its 10-year median of 1.02)
GF Value™: NT$59.79 vs. price of NT$41.05 (31.3% below fair value)
Industry Position: 70% below the Industrial Products median (#381 of 2981)
No single metric tells the full story. See the TPE:3501 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Well Shin Technology Co Ltd manufactures electronics products. The Company is engaged in the manufacture of wire and Cable and electronic components and wholesale and retail of electronic materials. The product portfolio of the company encompasses AC plug, AC connectors, Socket inlet, Power strip, Adapter, Locking cord, Charger, Headphone, and among others.
76GF Score
Get the complete analysis for TPE:3501
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