China Bills Finance (TPE:2820) PEG Ratio: 8.36 (As of Jul. 14, 2026) — 20% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

TPE:2820 China Bills Finance Corp TPE:2820
62 GF Score
Price NT$16.65
GF Value NT$24.43
Valuation Significantly Undervalued
! 2 Warning Signs
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What is China Bills Finance PEG Ratio?

China Bills Finance TPE:2820 -2.35% 62 PEG Ratio is 8.36 as of Jul. 14, 2026, which is 20% above its 10-year median of 6.97. GuruFocus rates TPE:2820 with a GF Score™ of 62/100 and a GF Value™ of NT$24.43 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 316 Capital Markets companies, China Bills Finance ranks worse than 91.46% on this metric.

PE Ratio without NRI / 5-Year Book Value Growth Rate*

PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The growth rate we use for banks is the 5-Year Book Value growth rate. As of today, China Bills Finance's PE Ratio without NRI is 12.54. China Bills Finance's 5-Year Book Value growth rate is 1.50%. Therefore, China Bills Finance's PEG Ratio for today is 8.36.

* The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.


The historical rank and industry rank for China Bills Finance's PEG Ratio or its related term are showing as below:

TPE:2820' s PEG Ratio Range Over the Past 10 Years
Min: 3.37   Med: 6.97   Max: 131.17
Current: 8.36


During the past 13 years, China Bills Finance's highest PEG Ratio was 131.17. The lowest was 3.37. And the median was 6.97.


TPE:2820's PEG Ratio is ranked worse than
91.46% of 316 companies
in the Capital Markets industry
Industry Median: 1.49 vs TPE:2820: 8.36

Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.


China Bills Finance  (TPE:2820) PEG Ratio Explanation

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.


China Bills Finance PEG Ratio Related Terms


China Bills Finance PEG Ratio Historical Data

* Premium members only.

The historical data trend for China Bills Finance's PEG 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.

China Bills Finance PEG Ratio Chart

China Bills Finance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PEG Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.44 65.34 0.00 0.00 7.89

China Bills Finance Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
PEG Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 126.17 31.13 14.81 7.89

TPE:2820 vs MS, GS, SCHW: PEG Ratio Comparison

For the Capital Markets subindustry, China Bills Finance's PEG Ratio, along with its competitors' market caps and PEG 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.


China Bills Finance PEG Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, China Bills Finance's PEG Ratio distribution charts can be found below:

* The bar in red indicates where China Bills Finance's PEG Ratio falls into.


TPE:2820
62GF Score
China Bills Finance Corp TPE:2820
PEG Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Bills Finance PEG Ratio Calculation

PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The ratio we use is the 5-Year Book Value growth rate.

China Bills Finance's PEG Ratio for today is calculated as

PEG Ratio=PE Ratio without NRI/5-Year Book Value Growth Rate*
=12.53765060241/1.50
=8.36

* 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.

* Note: The 5-Year Book Value Growth Rate is the 5-year average Book Value per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.

Frequently Asked Questions Learn more about PEG Ratio →
What does a PEG Ratio of 8.36 mean?
China Bills Finance (TPE:2820) has a PEG Ratio of 8.36 as of Jul. 14, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on China Bills Finance and its competitors. This is 20% above median its historical median of 6.97. Over the past decade, China Bills Finance's PEG Ratio has ranged from 3.37 to 131.17. According to the industry distribution chart, China Bills Finance ranks #289 out of 316 companies in the Capital Markets industry, placing it in the top 91.5%.
Is China Bills Finance's PEG Ratio too high?
China Bills Finance's current PEG Ratio of 8.36 is 20% above median its 10-year median of 6.97. Over the past 10 years, this metric has ranged from a low of 3.37 to a high of 131.17. The Capital Markets industry median PEG Ratio is 1.49. China Bills Finance's value of 8.36 is 461.1% above this industry median. Based on the distribution chart, China Bills Finance ranks #289 out of 316 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, China Bills Finance has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Bills Finance's PEG Ratio compare to MS and GS?
According to the Capital Markets industry distribution chart, China Bills Finance ranks #289 out of 316 companies for PEG Ratio. This places China Bills Finance in the lower half of its industry. The industry median PEG Ratio is 1.49. China Bills Finance's value of 8.36 is 461.1% above this benchmark. Historically, China Bills Finance's own PEG Ratio has ranged from 3.37 to 131.17 over the past decade. While the company's 10-year median is 6.97 vs. the industry median of 1.49, China Bills Finance 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 PEG Ratio for a Capital Markets company?
The median PEG Ratio among Capital Markets companies is 1.49, based on 316 companies in the industry. Companies in the top quartile (top 25%) have a PEG Ratio significantly above this median, while those in the bottom quartile fall well below. However, PEG Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Bills Finance's current PEG Ratio of 8.36 is 461.1% 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 PEG Ratio mean?
A high PEG Ratio can signal that a stock is expensive relative to its fundamentals. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on China Bills Finance and its competitors. For the Capital Markets industry, the median PEG Ratio is 1.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Bills Finance's current PEG Ratio is 8.36, which is 20% above median its own 10-year median of 6.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Bills Finance stock overvalued right now?
Based on GuruFocus' analysis, China Bills Finance (TPE:2820) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$24.43, compared to a current price of NT$16.65 — trading 31.8% below its estimated fair value. The current PEG Ratio is 8.36, which is 20% above median its 10-year median of 6.97 and 461.1% above the Capital Markets industry median of 1.49. China Bills Finance's overall GF Score™ is 62/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PEG Ratio calculated?
PEG Ratio is calculated from a company's financial statements. For China Bills Finance (TPE:2820), the current PEG Ratio is 8.36 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 China Bills Finance (TPE:2820) Overvalued in 2026?

Based on GuruFocus' analysis, China Bills Finance stock appears to be undervalued. The current stock price of NT$16.65 is trading 31.8% below its estimated GF Value™ of NT$24.43. GuruFocus considers China Bills Finance to be Significantly Undervalued.

Key valuation signals for TPE:2820:

  • PEG Ratio: 8.36 (20% above median its 10-year median of 6.97)
  • GF Value™: NT$24.43 vs. price of NT$16.65 (31.8% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 461.1% above the Capital Markets median (#289 of 316)

No single metric tells the full story. See the TPE:2820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Bills Finance Business Description

Address Tiding Boulevard, 4th Floor, No. 99, Sec. 2, Neihu District, Taipei, TWN, 11493
China Bills Finance Corp focuses on corporate financing and fixed-income commodities. The company's business activities consist of certifying and underwriting of short-term bills and bank debentures; brokering or undertaking proprietary trading of short-term bills, bank debentures, government and corporate bonds, and foreign bonds; guaranteeing short-term bills; providing financial consulting services to enterprises; processing interbank call loans; equity investments; fixed-income security trading; (h) foreign-currency bills investment; and doing other businesses as authorized by relevant authorities. Its business is concentrated in Taiwan.
62GF Score

Get the complete analysis for TPE:2820

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

NT$16.65
Price
NT$24.43
GF Value