BOE VaritronixVARXF +23.68%59 PB Ratio is 0.79 as of Jul. 04, 2026, which is 19% below its 10-year median of 0.98. GuruFocus rates VARXF with a GF Score™ of 59/100 and a GF Value™ of $1.17 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,416 Hardware companies, BOE Varitronix ranks better than 88.45% 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 (2026-07-04), BOE Varitronix's share price is $0.6343. BOE Varitronix's Book Value per Share for the quarter that ended in Dec. 2025 was $0.80. Hence, BOE Varitronix's PB Ratio of today is 0.79.
Good Sign:
BOE Varitronix Ltd stock PB Ratio (=0.65) is close to 5-year low of 0.63.
The historical rank and industry rank for BOE Varitronix's PB Ratio or its related term are showing as below:
VARXF'
s PB Ratio Range Over the Past 10 Years
Min: 0.49 Med: 0.98 Max: 4.56
Current: 0.65
During the past 13 years, BOE Varitronix's highest PB Ratio was 4.56. The lowest was 0.49. And the median was 0.98.
VARXF's PB Ratio is ranked better than 88.45% of 2416
companies
in the Hardware industry
Industry Median: 2.405
vs VARXF: 0.65
During the past 12 months, BOE Varitronix's average Book Value Per Share Growth Rate was 7.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of BOE Varitronix was 14.90% per year. The lowest was -13.30% per year. And the median was 1.70% 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.
BOE Varitronix PB Ratio Related Terms
BOE Varitronix PB Ratio Historical Data
* Premium members only.
The historical data trend for BOE Varitronix'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 Electronic Components subindustry, BOE Varitronix'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.
BOE Varitronix PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, BOE Varitronix's PB Ratio distribution charts can be found below:
* The bar in red indicates where BOE Varitronix'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.
BOE Varitronix'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.
BOE Varitronix (VARXF) has a PB Ratio of 0.79 as of Jul. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BOE Varitronix and its competitors. This is 19% below median its historical median of 0.98. Over the past decade, BOE Varitronix's PB Ratio has ranged from 0.49 to 4.56. According to the industry distribution chart, BOE Varitronix ranks #279 out of 2416 companies in the Hardware industry, placing it in the top 11.5%.
Is BOE Varitronix's PB Ratio too high?
BOE Varitronix's current PB Ratio of 0.79 is 19% below median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 4.56. The Hardware industry median PB Ratio is 2.41. BOE Varitronix's value of 0.79 is 67.2% below this industry median. Based on the distribution chart, BOE Varitronix ranks #279 out of 2416 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, BOE Varitronix has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BOE Varitronix's PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, BOE Varitronix ranks #279 out of 2416 companies for PB Ratio. This places BOE Varitronix in the top 12% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.41. BOE Varitronix's value of 0.79 is 67.2% below this benchmark. Historically, BOE Varitronix's own PB Ratio has ranged from 0.49 to 4.56 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 2.41, BOE Varitronix 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 2.41, based on 2,416 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. BOE Varitronix's current PB Ratio of 0.79 is 67.2% 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 BOE Varitronix and its competitors. For the Hardware industry, the median PB Ratio is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOE Varitronix's current PB Ratio is 0.79, which is 19% below median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOE Varitronix stock overvalued right now?
Based on GuruFocus' analysis, BOE Varitronix (VARXF) is currently considered Significantly Undervalued. The stock's GF Value™ is $1.17, compared to a current price of $0.63 — trading 45.8% below its estimated fair value. The current PB Ratio is 0.79, which is 19% below median its 10-year median of 0.98 and 67.2% below the Hardware industry median of 2.41. BOE Varitronix's overall GF Score™ is 59/100 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 BOE Varitronix (VARXF), the current PB Ratio is 0.79 as of Jul. 04, 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 BOE Varitronix (VARXF) Overvalued in 2026?
Based on GuruFocus' analysis, BOE Varitronix stock appears to be undervalued.
The current stock price of $0.63 is trading 45.8% below its estimated GF Value™ of $1.17.
GuruFocus considers BOE Varitronix to be Significantly Undervalued.
Key valuation signals for VARXF:
PB Ratio: 0.79 (19% below median its 10-year median of 0.98)
GF Value™: $1.17 vs. price of $0.63 (45.8% below fair value)
Industry Position: 67.2% below the Hardware median (#279 of 2416)
No single metric tells the full story. See the VARXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BOE Varitronix Ltd is an investment holding company. It is principally engaged in automobile and industrial display products and has a monochrome display manufacturing capacity. It manufactures various products in the category of automobile, industrial, white goods, medical, and other. The company operates in one business segment which is the design, manufacture and sale of liquid crystal displays and related products. The company's geographical segments include the PRC, Europe, Japan, America, Korea, and other regions, out of which the PRC accounts for the majority of the revenue.
59GF Score
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