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Formosa PharmaceuticalsTPE:6838 -1.67%48 PB Ratio is 2.45 as of Jul. 14, 2026, which is 39% below its 10-year median of 3.99. GuruFocus rates TPE:6838 with a GF Score™ of 48/100 and a GF Value™ of NT$14.25 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,228 Biotechnology companies, Formosa Pharmaceuticals ranks better than 56.11% on this metric.
Formosa Pharmaceuticals Inc stock PB Ratio (=2.52) is close to 1-year low of 2.44.
The historical rank and industry rank for Formosa Pharmaceuticals's PB Ratio or its related term are showing as below:
TPE:6838'
s PB Ratio Range Over the Past 10 Years
Min: 2.25 Med: 3.99 Max: 16.36
Current: 2.45
During the past 7 years, Formosa Pharmaceuticals's highest PB Ratio was 16.36. The lowest was 2.25. And the median was 3.99.
TPE:6838's PB Ratio is ranked better than 56.11% of 1228
companies
in the Biotechnology industry
Industry Median: 2.885
vs TPE:6838: 2.45
During the past 12 months, Formosa Pharmaceuticals's average Book Value Per Share Growth Rate was -5.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 34.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 39.80% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Formosa Pharmaceuticals was 63.50% per year. The lowest was 18.00% per year. And the median was 36.55% per year.
Back to Basics: PB Ratio
Formosa Pharmaceuticals (TPE:6838) 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 Biotechnology subindustry, Formosa Pharmaceuticals'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.
Formosa Pharmaceuticals PB Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Formosa Pharmaceuticals's PB Ratio distribution charts can be found below:
* The bar in red indicates where Formosa Pharmaceuticals'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.
Formosa Pharmaceuticals (TPE:6838) has a PB Ratio of 2.45 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Formosa Pharmaceuticals and its competitors. This is 39% below median its historical median of 3.99. Over the past decade, Formosa Pharmaceuticals' PB Ratio has ranged from 2.25 to 16.36. According to the industry distribution chart, Formosa Pharmaceuticals ranks #539 out of 1228 companies in the Biotechnology industry, placing it in the top 43.9%.
Is Formosa Pharmaceuticals' PB Ratio too high?
Formosa Pharmaceuticals' current PB Ratio of 2.45 is 39% below median its 10-year median of 3.99. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 16.36. The Biotechnology industry median PB Ratio is 2.89. Formosa Pharmaceuticals' value of 2.45 is 15.1% below this industry median. Based on the distribution chart, Formosa Pharmaceuticals ranks #539 out of 1228 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Formosa Pharmaceuticals has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Formosa Pharmaceuticals' PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Formosa Pharmaceuticals ranks #539 out of 1228 companies for PB Ratio. This puts Formosa Pharmaceuticals in the upper half of its industry. The industry median PB Ratio is 2.89. Formosa Pharmaceuticals' value of 2.45 is 15.1% below this benchmark. Historically, Formosa Pharmaceuticals' own PB Ratio has ranged from 2.25 to 16.36 over the past decade. While the company's 10-year median is 3.99 vs. the industry median of 2.89, Formosa Pharmaceuticals 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 Biotechnology company?
The median PB Ratio among Biotechnology companies is 2.89, based on 1,228 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. Formosa Pharmaceuticals's current PB Ratio of 2.45 is 15.1% 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 Formosa Pharmaceuticals and its competitors. For the Biotechnology industry, the median PB Ratio is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formosa Pharmaceuticals's current PB Ratio is 2.45, which is 39% below median its own 10-year median of 3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Formosa Pharmaceuticals (TPE:6838) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$14.25, compared to a current price of NT$23.60 — trading 65.6% above its estimated fair value. The current PB Ratio is 2.45, which is 39% below median its 10-year median of 3.99 and 15.1% below the Biotechnology industry median of 2.89. Formosa Pharmaceuticals' overall GF Score™ is 48/100 with 3 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 Formosa Pharmaceuticals (TPE:6838), the current PB Ratio is 2.45 as of Jul. 14, 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 Formosa Pharmaceuticals (TPE:6838) Overvalued in 2026?
Based on GuruFocus' analysis, Formosa Pharmaceuticals stock appears to be overvalued.
The current stock price of NT$23.60 is trading 65.6% above its estimated GF Value™ of NT$14.25.
GuruFocus considers Formosa Pharmaceuticals to be Significantly Overvalued.
Key valuation signals for TPE:6838:
PB Ratio: 2.45 (39% below median its 10-year median of 3.99)
GF Value™: NT$14.25 vs. price of NT$23.60 (65.6% above fair value)
Industry Position: 15.1% below the Biotechnology median (#539 of 1228)
No single metric tells the full story. See the TPE:6838 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosa Pharmaceuticals Inc is engaged in new drug development and transfers. Its Product pipeline includes TSY-110, TSY-120, TSY-310, APP13007 and APP13002.
48GF Score
Get the complete analysis for TPE:6838
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