FitTech CoTPE:6706 +2.53%47 PB Ratio is 2.91 as of Jul. 09, 2026, which is 27% above its 10-year median of 2.29. GuruFocus rates TPE:6706 with a GF Score™ of 47/100 and a GF Value™ of NT$44.46 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,980 Industrial Products companies, FitTech Co ranks worse than 61.85% 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 (2026-07-09), FitTech Co's share price is NT$142.00. FitTech Co's Book Value per Share for the quarter that ended in Dec. 2025 was NT$48.83. Hence, FitTech Co's PB Ratio of today is 2.91.
The historical rank and industry rank for FitTech Co's PB Ratio or its related term are showing as below:
TPE:6706'
s PB Ratio Range Over the Past 10 Years
Min: 1.04 Med: 2.29 Max: 5.65
Current: 2.91
During the past 12 years, FitTech Co's highest PB Ratio was 5.65. The lowest was 1.04. And the median was 2.29.
TPE:6706's PB Ratio is ranked worse than 61.85% of 2980
companies
in the Industrial Products industry
Industry Median: 2.22
vs TPE:6706: 2.91
During the past 12 months, FitTech Co's average Book Value Per Share Growth Rate was -7.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -4.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 23.80% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of FitTech Co was 77.90% per year. The lowest was -4.90% per year. And the median was 22.70% 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.
FitTech Co PB Ratio Related Terms
FitTech Co PB Ratio Historical Data
* Premium members only.
The historical data trend for FitTech Co'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 Specialty Industrial Machinery subindustry, FitTech 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.
FitTech Co PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, FitTech Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where FitTech 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.
FitTech Co'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.
FitTech Co (TPE:6706) has a PB Ratio of 2.91 as of Jul. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on FitTech Co and its competitors. This is 27% above median its historical median of 2.29. Over the past decade, FitTech Co's PB Ratio has ranged from 1.04 to 5.65. According to the industry distribution chart, FitTech Co ranks #1843 out of 2980 companies in the Industrial Products industry, placing it in the top 61.8%.
Is FitTech Co's PB Ratio too high?
FitTech Co's current PB Ratio of 2.91 is 27% above median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 5.65. The Industrial Products industry median PB Ratio is 2.22. FitTech Co's value of 2.91 is 31.1% above this industry median. Based on the distribution chart, FitTech Co ranks #1843 out of 2980 companies in the Industrial Products industry, which is below the industry midpoint. Overall, FitTech Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FitTech Co's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, FitTech Co ranks #1843 out of 2980 companies for PB Ratio. This places FitTech Co in the lower half of its industry. The industry median PB Ratio is 2.22. FitTech Co's value of 2.91 is 31.1% above this benchmark. Historically, FitTech Co's own PB Ratio has ranged from 1.04 to 5.65 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 2.22, FitTech Co has consistently been above 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 2.22, based on 2,980 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. FitTech Co's current PB Ratio of 2.91 is 31.1% above 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 FitTech Co and its competitors. For the Industrial Products industry, the median PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FitTech Co's current PB Ratio is 2.91, which is 27% above median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FitTech Co stock overvalued right now?
Based on GuruFocus' analysis, FitTech Co (TPE:6706) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$44.46, compared to a current price of NT$142.00 — trading 219.4% above its estimated fair value. The current PB Ratio is 2.91, which is 27% above median its 10-year median of 2.29 and 31.1% above the Industrial Products industry median of 2.22. FitTech Co's overall GF Score™ is 47/100 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 FitTech Co (TPE:6706), the current PB Ratio is 2.91 as of Jul. 09, 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 FitTech Co (TPE:6706) Overvalued in 2026?
Based on GuruFocus' analysis, FitTech Co stock appears to be overvalued.
The current stock price of NT$142.00 is trading 219.4% above its estimated GF Value™ of NT$44.46.
GuruFocus considers FitTech Co to be Significantly Overvalued.
Key valuation signals for TPE:6706:
PB Ratio: 2.91 (27% above median its 10-year median of 2.29)
GF Value™: NT$44.46 vs. price of NT$142.00 (219.4% above fair value)
Industry Position: 31.1% above the Industrial Products median (#1843 of 2980)
No single metric tells the full story. See the TPE:6706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FitTech Co Ltd mainly engages in the manufacture and wholesale of machinery equipment, general instruments, optical instruments, other optical and precision machinery, industry of intellectual property rights, information software services, research and development services, and international trade. The Group is mainly engaged in R&D, production, and sales of optics testing equipment, laser machining equipment, and OEM optics testing. Products and solutions are LED/MiniLED Test Solutions, MicroLED Test and Transfer Solution, Micro LED solutions, Laser Micromachining Solutions, and others. Its products and service revenue are sales of machines, OEM, and others. It generates maximum revenue from Asia.
47GF Score
Get the complete analysis for TPE:6706
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:6706 has been successfully added to your 
