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.
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.
Step One ClothingASX:STP 30 Price-to-Tangible-Book is 0.59 as of Sep. 21, 2026. GuruFocus rates ASX:STP with a GF Score™ of 30/100 and a GF Value™ of A$0.62 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 988 Retail - Cyclical companies, Step One Clothing ranks better than 85.43% on this metric.
The historical rank and industry rank for Step One Clothing's Price-to-Tangible-Book or its related term are showing as below:
ASX:STP'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.56 Med: 1.09 Max: 4.81
Current: 0.59
During the past 9 years, Step One Clothing's highest Price to Tangible Book Ratio was 4.81. The lowest was 0.56. And the median was 1.09.
ASX:STP's Price-to-Tangible-Book is ranked better than 85.43% of 988
companies
in the Retail - Cyclical industry
Industry Median: 1.735
vs ASX:STP: 0.59
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Step One Clothing Price-to-Tangible-Book Related Terms
Step One Clothing Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Step One Clothing's Price-to-Tangible-Book 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.
ASX:STP vs TJX, ROST, BURL: Price-to-Tangible-Book Comparison
For the Apparel Retail subindustry, Step One Clothing's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Step One Clothing Price-to-Tangible-Book vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Step One Clothing's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Step One Clothing (ASX:STP) has a Price-to-Tangible-Book of 0.59 as of Sep. 21, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Step One Clothing and its competitors. According to the industry distribution chart, Step One Clothing ranks #144 out of 988 companies in the Retail - Cyclical industry, placing it in the top 14.6%.
Is Step One Clothing's Price-to-Tangible-Book too high?
Step One Clothing's current Price-to-Tangible-Book is 0.59. The Retail - Cyclical industry median Price-to-Tangible-Book is 1.74. Step One Clothing's value of 0.59 is 66% below this industry median. Based on the distribution chart, Step One Clothing ranks #144 out of 988 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Step One Clothing has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Step One Clothing's Price-to-Tangible-Book compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Step One Clothing ranks #144 out of 988 companies for Price-to-Tangible-Book. This places Step One Clothing in the top 15% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 1.74. Step One Clothing's value of 0.59 is 66% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Retail - Cyclical company?
The median Price-to-Tangible-Book among Retail - Cyclical companies is 1.74, based on 988 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Step One Clothing's current Price-to-Tangible-Book of 0.59 is 66% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Step One Clothing and its competitors. For the Retail - Cyclical industry, the median Price-to-Tangible-Book is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step One Clothing's current Price-to-Tangible-Book is 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step One Clothing stock overvalued right now?
Based on GuruFocus' analysis, Step One Clothing (ASX:STP) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.62, compared to a current price of A$0.13 — trading 79% below its estimated fair value. The current Price-to-Tangible-Book is 0.59 and 66% below the Retail - Cyclical industry median of 1.74. Step One Clothing's overall GF Score™ is 30/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Step One Clothing (ASX:STP), the current Price-to-Tangible-Book is 0.59 as of Sep. 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.
Is Step One Clothing (ASX:STP) Overvalued in 2026?
Based on GuruFocus' analysis, Step One Clothing stock appears to be undervalued.
The current stock price of A$0.13 is trading 79% below its estimated GF Value™ of A$0.62.
GuruFocus considers Step One Clothing to be Possible Value Trap.
Key valuation signals for ASX:STP:
Price-to-Tangible-Book: 0.59
GF Value™: A$0.62 vs. price of A$0.13 (79% below fair value)
Industry Position: 66% below the Retail - Cyclical median (#144 of 988)
No single metric tells the full story. See the ASX:STP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. Its group is organized into three operating segments, being online retail sales for Australia, the United Kingdom, and the United States of America, however, these segments are aggregated into one reportable segment.
30GF Score
Get the complete analysis for ASX:STP
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:STP has been successfully added to your 
