Zyxel GroupTPE:3704 75 PB Ratio is 1.58 as of Jul. 13, 2026, which is 26% above its 10-year median of 1.25. GuruFocus rates TPE:3704 with a GF Score™ of 75/100 and a GF Value™ of NT$36.90 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,421 Hardware companies, Zyxel Group ranks better than 65.88% 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 (2026-07-13), Zyxel Group's share price is NT$45.35. Zyxel Group's Book Value per Share for the quarter that ended in Dec. 2025 was NT$28.64. Hence, Zyxel Group's PB Ratio of today is 1.58.
Warning Sign:
Zyxel Group Corp stock PB Ratio (=1.58) is close to 2-year high of 1.68.
The historical rank and industry rank for Zyxel Group's PB Ratio or its related term are showing as below:
TPE:3704'
s PB Ratio Range Over the Past 10 Years
Min: 0.6 Med: 1.25 Max: 2.42
Current: 1.58
During the past 13 years, Zyxel Group's highest PB Ratio was 2.42. The lowest was 0.60. And the median was 1.25.
TPE:3704's PB Ratio is ranked better than 65.88% of 2421
companies
in the Hardware industry
Industry Median: 2.35
vs TPE:3704: 1.58
During the past 12 months, Zyxel Group's average Book Value Per Share Growth Rate was 5.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Zyxel Group was 10.70% per year. The lowest was -5.60% per year. And the median was 1.00% per year.
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.
Zyxel Group PB Ratio Related Terms
Zyxel Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Zyxel Group'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 Communication Equipment subindustry, Zyxel Group'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.
Zyxel Group PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Zyxel Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Zyxel Group'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.
Zyxel Group's PB Ratio for today is calculated as follows:
* 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.
Zyxel Group (TPE:3704) has a PB Ratio of 1.58 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Zyxel Group and its competitors. This is 26% above median its historical median of 1.25. Over the past decade, Zyxel Group's PB Ratio has ranged from 0.60 to 2.42. According to the industry distribution chart, Zyxel Group ranks #826 out of 2421 companies in the Hardware industry, placing it in the top 34.1%.
Is Zyxel Group's PB Ratio too high?
Zyxel Group's current PB Ratio of 1.58 is 26% above median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 2.42. The Hardware industry median PB Ratio is 2.35. Zyxel Group's value of 1.58 is 32.8% below this industry median. Based on the distribution chart, Zyxel Group ranks #826 out of 2421 companies in the Hardware industry, which is above the industry midpoint. Overall, Zyxel Group has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zyxel Group's PB Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Zyxel Group ranks #826 out of 2421 companies for PB Ratio. This puts Zyxel Group in the upper half of its industry. The industry median PB Ratio is 2.35. Zyxel Group's value of 1.58 is 32.8% below this benchmark. Historically, Zyxel Group's own PB Ratio has ranged from 0.60 to 2.42 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 2.35, Zyxel Group 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. Zyxel Group's current PB Ratio of 1.58 is 32.8% 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 Zyxel Group 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. Zyxel Group's current PB Ratio is 1.58, which is 26% above median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zyxel Group stock overvalued right now?
Based on GuruFocus' analysis, Zyxel Group (TPE:3704) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$36.90, compared to a current price of NT$45.35 — trading 22.9% above its estimated fair value. The current PB Ratio is 1.58, which is 26% above median its 10-year median of 1.25 and 32.8% below the Hardware industry median of 2.35. Zyxel Group's overall GF Score™ is 75/100 with 5 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 Zyxel Group (TPE:3704), the current PB Ratio is 1.58 as of Jul. 13, 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 Zyxel Group (TPE:3704) Overvalued in 2026?
Based on GuruFocus' analysis, Zyxel Group stock appears to be overvalued.
The current stock price of NT$45.35 is trading 22.9% above its estimated GF Value™ of NT$36.90.
GuruFocus considers Zyxel Group to be Modestly Overvalued.
Key valuation signals for TPE:3704:
PB Ratio: 1.58 (26% above median its 10-year median of 1.25)
GF Value™: NT$36.90 vs. price of NT$45.35 (22.9% above fair value)
Industry Position: 32.8% below the Hardware median (#826 of 2421)
No single metric tells the full story. See the TPE:3704 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zyxel Group Corp is a Taiwan-based company that offers communications and networking products. It produces wifi systems, wireless extenders, home routers, cloud access cameras, switches, power and adapters, personal cloud storage, and security appliances and services. Geographically, it covers the United States, France, and other countries. It has four reportable segments: brand business segment, channel business segment, product business segment, and investment segment.
75GF Score
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