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Top Glove Corporation Bhd
SGX:BVA

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Top Glove Corporation Bhd
SGX:BVA
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Price: 0.23 SGD -6.12% Market Closed
Market Cap: S$1.8B

P/B

1.2
Current
4%
More Expensive
vs 3-y average of 1.2

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.2
=
Market Cap
S$4.4B
/
Total Equity
4.7B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.2
=
Market Cap
S$4.4B
/
Total Equity
4.7B

Valuation Scenarios

Top Glove Corporation Bhd is trading above its 3-year average

If P/B returns to its 3-Year Average (1.2), the stock would be worth S$0.22 (4% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-14%
Maximum Upside
+7%
Average Downside
2%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.2 S$0.23
0%
3-Year Average 1.2 S$0.22
-4%
5-Year Average 1.3 S$0.24
+3%
Industry Average 1.1 S$0.2
-14%
Country Average 1.3 S$0.25
+7%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close

Market Distribution

Lower than 93% of companies in Malaysia
Percentile
7th
Based on 453 companies
7th percentile
0.4
Low
0 — 0.8
Typical Range
0.8 — 2.5
High
2.5 —
Distribution Statistics
Malaysia
Min 0
30th Percentile 0.8
Median 1.3
70th Percentile 2.5
Max 2 591.7

Top Glove Corporation Bhd
Glance View

Nestled in the bustling industrial landscape of Malaysia, Top Glove Corporation Bhd has emerged as a pivotal player in the global healthcare supply chain. Founded in 1991 by Tan Sri Dr. Lim Wee Chai, what began as a modest enterprise with a singular production line has transformed into the world's largest manufacturer of gloves. The company’s remarkable journey is powered by its commitment to innovation, stringent quality control, and a relentless drive to expand its production capacity. With operations spanning several countries, Top Glove’s manufacturing capabilities cater to a variety of glove types, including latex, nitrile, and vinyl, addressing the diverse needs of healthcare professionals across the globe. Top Glove operates on a high-volume, low-margin business model, allowing it to thrive in an industry that demands both reliability and cost-effectiveness. The company generates revenue by selling its products to an extensive network of distributors, healthcare institutions, and retailers worldwide. Its strategic approach to cost management and supply chain efficiency enables Top Glove to maintain competitive pricing while ensuring significant profit margins. By continuously investing in technology upgrades and expanding its production facilities, Top Glove ensures it remains at the forefront of the glove manufacturing sector, adeptly navigating the vicissitudes of global health trends and economic cycles.

BVA Intrinsic Value
0.23 SGD
Fairly Valued
Intrinsic Value
Price S$0.23
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