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The historical rank and industry rank for Tong Ming Enterprise Co's PB Ratio or its related term are showing as below:
TPE:5538'
s PB Ratio Range Over the Past 10 Years
Min: 0.8 Med: 1.36 Max: 1.96
Current: 0.91
During the past 13 years, Tong Ming Enterprise Co's highest PB Ratio was 1.96. The lowest was 0.80. And the median was 1.36.
TPE:5538's PB Ratio is ranked better than 53.69% of 609
companies
in the Steel industry
Industry Median: 0.97
vs TPE:5538: 0.91
During the past 12 months, Tong Ming Enterprise Co's average Book Value Per Share Growth Rate was 4.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Tong Ming Enterprise Co was 15.40% per year. The lowest was 1.20% per year. And the median was 3.10% per year.
Back to Basics: PB Ratio
Tong Ming Enterprise Co (TPE:5538) 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 Steel subindustry, Tong Ming Enterprise 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.
Tong Ming Enterprise Co PB Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Tong Ming Enterprise 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.
Tong Ming Enterprise Co (TPE:5538) has a PB Ratio of 0.90 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Tong Ming Enterprise Co and its competitors. This is 34% below median its historical median of 1.36. Over the past decade, Tong Ming Enterprise Co's PB Ratio has ranged from 0.80 to 1.96. According to the industry distribution chart, Tong Ming Enterprise Co ranks #282 out of 609 companies in the Steel industry, placing it in the top 46.3%.
Is Tong Ming Enterprise Co's PB Ratio too high?
Tong Ming Enterprise Co's current PB Ratio of 0.90 is 34% below median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 1.96. The Steel industry median PB Ratio is 0.97. Tong Ming Enterprise Co's value of 0.90 is 7.2% below this industry median. Based on the distribution chart, Tong Ming Enterprise Co ranks #282 out of 609 companies in the Steel industry, which is above the industry midpoint. Overall, Tong Ming Enterprise Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tong Ming Enterprise Co's PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Tong Ming Enterprise Co ranks #282 out of 609 companies for PB Ratio. This puts Tong Ming Enterprise Co in the upper half of its industry. The industry median PB Ratio is 0.97. Tong Ming Enterprise Co's value of 0.90 is 7.2% below this benchmark. Historically, Tong Ming Enterprise Co's own PB Ratio has ranged from 0.80 to 1.96 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 0.97, Tong Ming Enterprise 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 Steel company?
The median PB Ratio among Steel companies is 0.97, based on 609 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. Tong Ming Enterprise Co's current PB Ratio of 0.90 is 7.2% 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 Tong Ming Enterprise Co and its competitors. For the Steel industry, the median PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Ming Enterprise Co's current PB Ratio is 0.90, which is 34% below median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Ming Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Ming Enterprise Co (TPE:5538) is currently considered Fairly Valued. The stock's GF Value™ is NT$30.68, compared to a current price of NT$33.45 — trading 9% above its estimated fair value. The current PB Ratio is 0.90, which is 34% below median its 10-year median of 1.36 and 7.2% below the Steel industry median of 0.97. Tong Ming Enterprise Co's overall GF Score™ is 81/100 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 Tong Ming Enterprise Co (TPE:5538), the current PB Ratio is 0.90 as of Jul. 15, 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 Tong Ming Enterprise Co (TPE:5538) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Ming Enterprise Co stock appears to be overvalued.
The current stock price of NT$33.45 is trading 9% above its estimated GF Value™ of NT$30.68.
GuruFocus considers Tong Ming Enterprise Co to be Fairly Valued.
Key valuation signals for TPE:5538:
PB Ratio: 0.90 (34% below median its 10-year median of 1.36)
GF Value™: NT$30.68 vs. price of NT$33.45 (9% above fair value)
Industry Position: 7.2% below the Steel median (#282 of 609)
No single metric tells the full story. See the TPE:5538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. The company derives the maximum revenue from Fasteners products. Geographically, the company operates in China. The company serves industries such as curtain wall, high-speed railways, communication, new energy, shipbuilding, animal husbandry, and foreign engineering projects. It derives maximum revenue from Fasteners followed by Wire, Strategic products, and others.
81GF Score
Get the complete analysis for TPE:5538
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