Toplofikatsia Ruse AD (XBUL:TPLR) PB Ratio: 5.84 (As of Jul. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:TPLR Toplofikatsia Ruse AD XBUL:TPLR
9 GF Score
Price €4.60
! 4 Warning Signs
View Full Analysis

What is Toplofikatsia Ruse AD PB Ratio?

Toplofikatsia Ruse AD XBUL:TPLR 9 PB Ratio is 5.84 as of Jul. 21, 2026. GuruFocus rates XBUL:TPLR with a GF Score™ of 9/100. The stock has 4 warning signs investors should review. Among 502 Utilities - Regulated companies, Toplofikatsia Ruse AD ranks worse than 95.42% 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 (2026-07-21), Toplofikatsia Ruse AD's share price is €4.60. Toplofikatsia Ruse AD's Book Value per Share for the quarter that ended in Dec. 2025 was €0.79. Hence, Toplofikatsia Ruse AD's PB Ratio of today is 5.84.

The historical rank and industry rank for Toplofikatsia Ruse AD's PB Ratio or its related term are showing as below:

XBUL:TPLR' s PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 5.84
Current: 5.84

During the past 2 years, Toplofikatsia Ruse AD's highest PB Ratio was 5.84. The lowest was 0.00. And the median was 0.00.

XBUL:TPLR's PB Ratio is ranked worse than
95.42% of 502 companies
in the Utilities - Regulated industry
Industry Median: 1.45 vs XBUL:TPLR: 5.84

During the past 12 months, Toplofikatsia Ruse AD's average Book Value Per Share Growth Rate was 113.60% per year.

Back to Basics: PB Ratio


Toplofikatsia Ruse AD  (XBUL:TPLR) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Toplofikatsia Ruse AD PB Ratio Related Terms


Toplofikatsia Ruse AD PB Ratio Historical Data

* Premium members only.

The historical data trend for Toplofikatsia Ruse AD'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.

Toplofikatsia Ruse AD PB Ratio Chart

Toplofikatsia Ruse AD Annual Data
Trend Dec24 Dec25
PB Ratio
18.97 11.42

Toplofikatsia Ruse AD Semi-Annual Data
Jun21 Jun22 Jun23 Jun24 Dec24 Jun25 Dec25
PB Ratio Get a 7-Day Free Trial 3.04 9.91 18.97 8.96 11.42

XBUL:TPLR vs NEE, SO, DUK: PB Ratio Comparison

For the Utilities - Regulated Electric subindustry, Toplofikatsia Ruse AD'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.


Toplofikatsia Ruse AD PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Toplofikatsia Ruse AD's PB Ratio distribution charts can be found below:

* The bar in red indicates where Toplofikatsia Ruse AD's PB Ratio falls into.


XBUL:TPLR
9GF Score
Toplofikatsia Ruse AD XBUL:TPLR
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toplofikatsia Ruse AD PB Ratio Calculation

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.

Toplofikatsia Ruse AD's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=4.60/0.788
=5.84

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 5.84 mean?
Toplofikatsia Ruse AD (XBUL:TPLR) has a PB Ratio of 5.84 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Toplofikatsia Ruse AD and its competitors. According to the industry distribution chart, Toplofikatsia Ruse AD ranks #479 out of 502 companies in the Utilities - Regulated industry, placing it in the top 95.4%.
Is Toplofikatsia Ruse AD's PB Ratio too high?
Toplofikatsia Ruse AD's current PB Ratio is 5.84. The Utilities - Regulated industry median PB Ratio is 1.45. Toplofikatsia Ruse AD's value of 5.84 is 302.8% above this industry median. Based on the distribution chart, Toplofikatsia Ruse AD ranks #479 out of 502 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Toplofikatsia Ruse AD has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Toplofikatsia Ruse AD's PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Toplofikatsia Ruse AD ranks #479 out of 502 companies for PB Ratio. This places Toplofikatsia Ruse AD in the lower half of its industry. The industry median PB Ratio is 1.45. Toplofikatsia Ruse AD's value of 5.84 is 302.8% above this benchmark. 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 Utilities - Regulated company?
The median PB Ratio among Utilities - Regulated companies is 1.45, based on 502 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. Toplofikatsia Ruse AD's current PB Ratio of 5.84 is 302.8% 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 Toplofikatsia Ruse AD and its competitors. For the Utilities - Regulated industry, the median PB Ratio is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toplofikatsia Ruse AD's current PB Ratio is 5.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toplofikatsia Ruse AD stock overvalued right now?
Toplofikatsia Ruse AD (XBUL:TPLR) has a current PB Ratio of 5.84. The current PB Ratio is 5.84 and 302.8% above the Utilities - Regulated industry median of 1.45. Toplofikatsia Ruse AD's overall GF Score™ is 9/100 with 4 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 Toplofikatsia Ruse AD (XBUL:TPLR), the current PB Ratio is 5.84 as of Jul. 21, 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.

Toplofikatsia Ruse AD Business Description

Address TPP Iztok Street, Ruse, BGR, 7009
Toplofikatsia Ruse AD is engaged in electricity and heat generation; combined production of electricity and heat; heat transfer; maintenance and operation of low-pressure gas pipelines, and other activities.
9GF Score

Get the complete analysis for XBUL:TPLR

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.60
Price