Choice DevelopmentTPE:9929 +0.90%74 PB Ratio is 1.45 as of Jul. 06, 2026, which is 14% below its 10-year median of 1.69. GuruFocus rates TPE:9929 with a GF Score™ of 74/100 and a GF Value™ of NT$14.50 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,046 Business Services companies, Choice Development ranks better than 55.83% on this metric.
The historical rank and industry rank for Choice Development's PB Ratio or its related term are showing as below:
TPE:9929'
s PB Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.69 Max: 3
Current: 1.45
During the past 13 years, Choice Development's highest PB Ratio was 3.00. The lowest was 0.81. And the median was 1.69.
TPE:9929's PB Ratio is ranked better than 55.83% of 1046
companies
in the Business Services industry
Industry Median: 1.66
vs TPE:9929: 1.45
During the past 12 months, Choice Development's average Book Value Per Share Growth Rate was -5.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -3.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -6.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Choice Development was 2.20% per year. The lowest was -16.10% per year. And the median was -4.90% per year.
Back to Basics: PB Ratio
Choice Development (TPE:9929) 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.
Choice Development PB Ratio Related Terms
Choice Development PB Ratio Historical Data
* Premium members only.
The historical data trend for Choice Development'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 Business Services subindustry, Choice Development'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.
Choice Development PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Choice Development's PB Ratio distribution charts can be found below:
* The bar in red indicates where Choice Development'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.
Choice Development (TPE:9929) has a PB Ratio of 1.45 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Choice Development and its competitors. This is 14% below median its historical median of 1.69. Over the past decade, Choice Development's PB Ratio has ranged from 0.81 to 3.00. According to the industry distribution chart, Choice Development ranks #462 out of 1046 companies in the Business Services industry, placing it in the top 44.2%.
Is Choice Development's PB Ratio too high?
Choice Development's current PB Ratio of 1.45 is 14% below median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 3.00. The Business Services industry median PB Ratio is 1.66. Choice Development's value of 1.45 is 12.7% below this industry median. Based on the distribution chart, Choice Development ranks #462 out of 1046 companies in the Business Services industry, which is above the industry midpoint. Overall, Choice Development has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Choice Development's PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Choice Development ranks #462 out of 1046 companies for PB Ratio. This puts Choice Development in the upper half of its industry. The industry median PB Ratio is 1.66. Choice Development's value of 1.45 is 12.7% below this benchmark. Historically, Choice Development's own PB Ratio has ranged from 0.81 to 3.00 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 1.66, Choice Development 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 Business Services company?
The median PB Ratio among Business Services companies is 1.66, based on 1,046 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. Choice Development's current PB Ratio of 1.45 is 12.7% 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 Choice Development and its competitors. For the Business Services industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Choice Development's current PB Ratio is 1.45, which is 14% below median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Choice Development stock overvalued right now?
Based on GuruFocus' analysis, Choice Development (TPE:9929) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.50, compared to a current price of NT$11.20 — trading 22.8% below its estimated fair value. The current PB Ratio is 1.45, which is 14% below median its 10-year median of 1.69 and 12.7% below the Business Services industry median of 1.66. Choice Development's overall GF Score™ is 74/100 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 Choice Development (TPE:9929), the current PB Ratio is 1.45 as of Jul. 06, 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 Choice Development (TPE:9929) Overvalued in 2026?
Based on GuruFocus' analysis, Choice Development stock appears to be undervalued.
The current stock price of NT$11.20 is trading 22.8% below its estimated GF Value™ of NT$14.50.
GuruFocus considers Choice Development to be Modestly Undervalued.
Key valuation signals for TPE:9929:
PB Ratio: 1.45 (14% below median its 10-year median of 1.69)
GF Value™: NT$14.50 vs. price of NT$11.20 (22.8% below fair value)
Industry Position: 12.7% below the Business Services median (#462 of 1046)
No single metric tells the full story. See the TPE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Choice Development Inc is engaged in printing, packaging material production, photography, plate making, binding, planning and design, and medical equipment retailing. The company's operating segments are the Printing, Advertising, Innovation, and Development. The majority of its revenue is generated from the Printing department.
74GF Score
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