Man Zai Industries Co (ROCO:4543) Cyclically Adjusted Book per Share: NT$30.82 (As of Jun. 2026)

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ROCO:4543 Man Zai Industries Co Ltd ROCO:4543
76 GF Score
Price NT$30.05
GF Value NT$38.08
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Man Zai Industries Co Cyclically Adjusted Book per Share?

Man Zai Industries Co ROCO:4543 -0.66% 76 Cyclically Adjusted Book per Share is NT$30.82 as of Jun. 2026. GuruFocus rates ROCO:4543 with a GF Score™ of 76/100 and a GF Value™ of NT$38.08 (Modestly Undervalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Man Zai Industries Co's adjusted book value per share for the three months ended in Jun. 2026 was NT$29.716. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is NT$30.82 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Man Zai Industries Co's average Cyclically Adjusted Book Growth Rate was 2.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2026-08-30), Man Zai Industries Co's current stock price is NT$30.05. Man Zai Industries Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$30.82. Man Zai Industries Co's Cyclically Adjusted PB Ratio of today is 0.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Man Zai Industries Co was 2.21. The lowest was 0.68. And the median was 1.22.


Man Zai Industries Co  (ROCO:4543) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Man Zai Industries Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=30.05/30.82
=0.98

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Man Zai Industries Co was 2.21. The lowest was 0.68. And the median was 1.22.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Man Zai Industries Co Cyclically Adjusted Book per Share Related Terms


Man Zai Industries Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Man Zai Industries Co's Cyclically Adjusted Book per Share 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.

Man Zai Industries Co Cyclically Adjusted Book per Share Chart

Man Zai Industries Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 28.93 29.66 30.09

Man Zai Industries Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share 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 30.17 30.27 30.09 30.55 30.82

ROCO:4543 vs ORLY, AZO: Cyclically Adjusted Book per Share Comparison

For the Auto Parts subindustry, Man Zai Industries Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted 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.


Man Zai Industries Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Man Zai Industries Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Man Zai Industries Co's Cyclically Adjusted PB Ratio falls into.


ROCO:4543
76GF Score
Man Zai Industries Co Ltd ROCO:4543
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Man Zai Industries Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Man Zai Industries Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=29.716/333.9520*333.9520
=29.716

Current CPI (Jun. 2026) = 333.9520.

Man Zai Industries Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 27.141 241.428 37.542
201612 24.015 241.432 33.218
201703 23.809 243.801 32.613
201706 23.718 244.955 32.335
201709 26.154 246.819 35.387
201712 23.462 246.524 31.783
201803 23.656 249.554 31.656
201806 24.161 251.989 32.020
201809 24.637 252.439 32.592
201812 24.913 251.233 33.116
201903 25.028 254.202 32.880
201906 24.348 256.143 31.744
201909 24.354 256.759 31.676
201912 24.147 256.974 31.380
202003 23.391 258.115 30.264
202006 23.695 257.797 30.695
202009 23.775 260.280 30.504
202012 23.917 260.474 30.664
202103 24.091 264.877 30.373
202106 24.263 271.696 29.823
202109 24.412 274.310 29.720
202112 24.367 278.802 29.187
202203 24.860 287.504 28.876
202206 25.593 296.311 28.844
202209 26.831 296.808 30.189
202212 26.472 296.797 29.786
202303 25.977 301.836 28.741
202306 26.855 305.109 29.394
202309 27.527 307.789 29.867
202312 27.664 306.746 30.118
202403 27.575 312.332 29.484
202406 28.278 314.175 30.058
202409 28.494 315.301 30.180
202412 29.022 315.605 30.709
202503 28.339 319.799 29.593
202506 27.414 322.561 28.382
202509 28.022 324.800 28.812
202512 28.622 324.054 29.496
202603 29.090 330.213 29.419
202606 29.716 333.952 29.716

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of NT$30.82 mean?
Man Zai Industries Co (ROCO:4543) has a Cyclically Adjusted Book per Share of NT$30.82 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Man Zai Industries Co and its competitors.
Is Man Zai Industries Co's Cyclically Adjusted Book per Share too high?
Man Zai Industries Co's current Cyclically Adjusted Book per Share is NT$30.82. Overall, Man Zai Industries Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Man Zai Industries Co's Cyclically Adjusted Book per Share compare to ORLY and AZO?
Man Zai Industries Co's Cyclically Adjusted Book per Share of NT$30.82 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Vehicles & Parts company?
A good Cyclically Adjusted Book per Share depends on the Vehicles & Parts industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Man Zai Industries Co and its competitors. Man Zai Industries Co's current Cyclically Adjusted Book per Share is NT$30.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Man Zai Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Man Zai Industries Co (ROCO:4543) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$38.08, compared to a current price of NT$30.05 — trading 21.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$30.82. Man Zai Industries Co's overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Man Zai Industries Co (ROCO:4543), the current Cyclically Adjusted Book per Share is NT$30.82 as of Jun. 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 Man Zai Industries Co (ROCO:4543) Overvalued in 2026?

Based on GuruFocus' analysis, Man Zai Industries Co stock appears to be undervalued. The current stock price of NT$30.05 is trading 21.1% below its estimated GF Value™ of NT$38.08. GuruFocus considers Man Zai Industries Co to be Modestly Undervalued.

Key valuation signals for ROCO:4543:

  • Cyclically Adjusted Book per Share: NT$30.82
  • GF Value™: NT$38.08 vs. price of NT$30.05 (21.1% below fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the ROCO:4543 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Man Zai Industries Co Business Description

Address Zhongshan Road, Number 260, Section 2, Guanmiao District, Tainan, TWN, 718
Man Zai Industries Co Ltd is involved in developing and manufacturing of air conditioning products for automobiles. Its products include A/C-Module, Cooling Module and Other. The company generates the majority of its revenue from the sale of A/C modules.
76GF Score

Get the complete analysis for ROCO:4543

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$30.05
Price
NT$38.08
GF Value