Kuo Toong International Co (ROCO:8936) Cyclically Adjusted Book per Share: NT$23.55 (As of Dec. 2025)

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ROCO:8936 Kuo Toong International Co Ltd ROCO:8936
93 GF Score
Price NT$53.90
GF Value NT$72.00
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Kuo Toong International Co Cyclically Adjusted Book per Share?

Kuo Toong International Co ROCO:8936 -2.18% 93 Cyclically Adjusted Book per Share is NT$23.55 as of Dec. 2025. GuruFocus rates ROCO:8936 with a GF Score™ of 93/100 and a GF Value™ of NT$72.00 (Modestly Undervalued). The stock has 2 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.

Kuo Toong International Co's adjusted book value per share for the three months ended in Dec. 2025 was NT$27.256. 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$23.55 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Kuo Toong International Co's average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.70% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Kuo Toong International Co was 4.10% per year. The lowest was 1.60% per year. And the median was 3.30% per year.

As of today (2026-07-14), Kuo Toong International Co's current stock price is NT$53.90. Kuo Toong International Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$23.55. Kuo Toong International Co's Cyclically Adjusted PB Ratio of today is 2.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Kuo Toong International Co was 3.96. The lowest was 0.55. And the median was 1.20.


Kuo Toong International Co  (ROCO:8936) 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.

Kuo Toong International Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=53.90/23.55
=2.29

* 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 Kuo Toong International Co was 3.96. The lowest was 0.55. And the median was 1.20.


Be Aware

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


Kuo Toong International Co Cyclically Adjusted Book per Share Related Terms


Kuo Toong International Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Kuo Toong International 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.

Kuo Toong International Co Cyclically Adjusted Book per Share Chart

Kuo Toong International 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 21.41 22.45 22.90 23.23 23.55

Kuo Toong International Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 23.23 23.46 23.58 23.66 23.55

ROCO:8936 vs TT, JCI, CARR: Cyclically Adjusted Book per Share Comparison

For the Building Products & Equipment subindustry, Kuo Toong International 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.


Kuo Toong International Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Kuo Toong International Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kuo Toong International Co's Cyclically Adjusted PB Ratio falls into.


ROCO:8936
93GF Score
Kuo Toong International Co Ltd ROCO:8936
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kuo Toong International 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, Kuo Toong International Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=27.256/324.0540*324.0540
=27.256

Current CPI (Dec. 2025) = 324.0540.

Kuo Toong International Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 21.622 238.132 29.424
201606 20.916 241.018 28.122
201609 19.943 241.428 26.768
201612 18.051 241.432 24.228
201703 17.667 243.801 23.483
201706 17.500 244.955 23.151
201709 17.077 246.819 22.421
201712 16.397 246.524 21.554
201803 16.598 249.554 21.553
201806 17.260 251.989 22.196
201809 17.170 252.439 22.041
201812 17.216 251.233 22.206
201903 17.643 254.202 22.491
201906 17.635 256.143 22.311
201909 17.866 256.759 22.549
201912 17.556 256.974 22.139
202003 17.588 258.115 22.081
202006 17.484 257.797 21.978
202009 17.454 260.280 21.731
202012 18.682 260.474 23.242
202103 18.217 264.877 22.287
202106 18.668 271.696 22.265
202109 18.766 274.310 22.169
202112 19.353 278.802 22.494
202203 19.590 287.504 22.080
202206 20.403 296.311 22.313
202209 21.016 296.808 22.945
202212 21.604 296.797 23.588
202303 22.311 301.836 23.953
202306 21.169 305.109 22.483
202309 22.062 307.789 23.228
202312 22.843 306.746 24.132
202403 23.275 312.332 24.149
202406 22.717 314.175 23.431
202409 23.863 315.301 24.525
202412 25.372 315.605 26.051
202503 26.124 319.799 26.472
202506 24.516 322.561 24.629
202509 25.951 324.800 25.891
202512 27.256 324.054 27.256

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$23.55 mean?
Kuo Toong International Co (ROCO:8936) has a Cyclically Adjusted Book per Share of NT$23.55 as of Dec. 2025. 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 Kuo Toong International Co and its competitors.
Is Kuo Toong International Co's Cyclically Adjusted Book per Share too high?
Kuo Toong International Co's current Cyclically Adjusted Book per Share is NT$23.55. Overall, Kuo Toong International Co has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kuo Toong International Co's Cyclically Adjusted Book per Share compare to TT and JCI?
Kuo Toong International Co's Cyclically Adjusted Book per Share of NT$23.55 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction 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 Kuo Toong International Co and its competitors. Kuo Toong International Co's current Cyclically Adjusted Book per Share is NT$23.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuo Toong International Co stock overvalued right now?
Based on GuruFocus' analysis, Kuo Toong International Co (ROCO:8936) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$72.00, compared to a current price of NT$53.90 — trading 25.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$23.55. Kuo Toong International Co's overall GF Score™ is 93/100 with 2 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 Kuo Toong International Co (ROCO:8936), the current Cyclically Adjusted Book per Share is NT$23.55 as of Dec. 2025. 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 Kuo Toong International Co (ROCO:8936) Overvalued in 2026?

Based on GuruFocus' analysis, Kuo Toong International Co stock appears to be undervalued. The current stock price of NT$53.90 is trading 25.1% below its estimated GF Value™ of NT$72.00. GuruFocus considers Kuo Toong International Co to be Modestly Undervalued.

Key valuation signals for ROCO:8936:

  • Cyclically Adjusted Book per Share: NT$23.55
  • GF Value™: NT$72.00 vs. price of NT$53.90 (25.1% below fair value)
  • GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the ROCO:8936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kuo Toong International Co Business Description

Address No. 91, Dashun 1st Road, 8th Floor, Zuoying District, Kaohsiung, TWN, 81357
Kuo Toong International Co Ltd is engaged in the manufacturing and trading of various prestressed concrete pipes, straight steel pipes, propelling steel pipes, ductile iron pipes, cement products, and spare parts. In addition, it is also involved in assembling and embedding various water pipes and spare parts. The group has three reportable operating segments, which are Kuo Toong, which derives maximum revenue, Kuo Yang, and Other.
93GF Score

Get the complete analysis for ROCO:8936

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

NT$53.90
Price
NT$72.00
GF Value