Tungray Technologies

Tungray Technologies P/B

The P/B (Price-to-Book Ratio) of Tungray Technologies (TRSG) as of Nov 11, 2026 is 1.03. In the previous year, P/B (Price-to-Book Ratio) was 1.14 — a change of -9.15% (lower).

P/B

1.03

YoY

-9.15%

Last updated:

P/B (Price-to-Book Ratio) of Tungray Technologies is 2024 1.03 . P/B (Price-to-Book Ratio) of Tungray Technologies was 2023 1.14 . It decreases by -9.15% lower compared to the previous year.

The Tungray Technologies P/B history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

P/B
Date
P/B
Jan 1, 2021
1.43 USD
Jan 1, 2022
1.21 USD
Jan 1, 2023
1.14 USD
Jan 1, 2024
1.03 USD
The Tungray Technologies P/B history
YEARP/BYoY
1.03-9.15%
1.14-6.13%
1.21-15.25%
1.43—

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Tungray Technologies Stock analysis

What does Tungray Technologies do? Tungray Technologies Inc generates revenue through its three business lines: customized industrial manufacturing solutions for OEMs in semiconductors, printers, electronics, and home appliances; direct drive and linear DC motors; and induction welding equipment manufacturing. The company serves OEMs across multiple sectors, with its Singapore subsidiary handling R&D and prototype assembly, while its China subsidiary supports component production and high-volume manufacturing. Qingdao Tungray Intelligent Co., Ltd and Qingdao Tongri Electric Machines Co., Ltd specialize in high-frequency induction welding equipment and industrial-grade motors, respectively, contributing to the company's product portfolio. The company's revenue streams are derived from engineering-to-order contracts, where it delivers tailored manufacturing solutions to clients in the semiconductor, printer, electronics, and home appliance industries. Its subsidiaries in China provide cost-effective manufacturing support, including component production and high-volume orders, while the Singapore subsidiary focuses on innovation and prototyping. This structure allows Tungray to serve global OEMs with both specialized equipment and scalable production capabilities. Tungray Technologies Inc's business model relies on direct contracts with OEMs seeking customized manufacturing solutions, leveraging its subsidiaries' specialized capabilities in welding equipment and motor manufacturing. The company's revenue is generated through the sale of bespoke industrial solutions, motors, and welding equipment, with manufacturing support provided by its China-based subsidiaries for cost efficiency and scalability. Tungray Technologies is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Tungray Technologies stock

P/B (Price-to-Book Ratio) of Tungray Technologies is 1.03 in 2024.

P/B (Price-to-Book Ratio) of Tungray Technologies changed from 1.14 to 1.03, representing a -9.15% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of P/B (Price-to-Book Ratio) Tungray Technologies since 2006 – with annual values, charts, and detailed analysis.

The Price-to-Book ratio compares a company's market price to its book value. A low P/B may indicate an undervalued stock, while a high P/B could suggest overvaluation or strong growth expectations.

P/B = Stock Price / Book Value per Share

To evaluate P/B (Price-to-Book Ratio)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for P/B (Price-to-Book Ratio).

A 'good' varies by industry and company stage. On Eulerpool, you can compare P/B (Price-to-Book Ratio)'s Tungray Technologies with sector peers and the industry average to assess whether it is attractive.

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Valuation — Tungray Technologies

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