Makalot Industrial Co (TPE:1477) Cyclically Adjusted Book per Share: NT$54.42 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TPE:1477 Makalot Industrial Co Ltd TPE:1477
92 GF Score
Price NT$226.00
GF Value NT$327.68
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Makalot Industrial Co Cyclically Adjusted Book per Share?

Makalot Industrial Co TPE:1477 +1.57% 92 Cyclically Adjusted Book per Share is NT$54.42 as of Dec. 2025. GuruFocus rates TPE:1477 with a GF Score™ of 92/100 and a GF Value™ of NT$327.68 (Significantly 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.

Makalot Industrial Co's adjusted book value per share for the three months ended in Dec. 2025 was NT$56.933. 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$54.42 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Makalot Industrial Co's average Cyclically Adjusted Book Growth Rate was 3.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.20% 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Makalot Industrial Co was 12.30% per year. The lowest was 6.10% per year. And the median was 9.40% per year.

As of today (2026-07-14), Makalot Industrial Co's current stock price is NT$226.00. Makalot Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$54.42. Makalot Industrial Co's Cyclically Adjusted PB Ratio of today is 4.15.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Makalot Industrial Co was 8.79. The lowest was 2.96. And the median was 5.41.


Makalot Industrial Co  (TPE:1477) 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.

Makalot Industrial Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=226.00/54.42
=4.15

* 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 Makalot Industrial Co was 8.79. The lowest was 2.96. And the median was 5.41.


Be Aware

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


Makalot Industrial Co Cyclically Adjusted Book per Share Related Terms


Makalot Industrial Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Makalot Industrial 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.

Makalot Industrial Co Cyclically Adjusted Book per Share Chart

Makalot Industrial 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 40.23 45.61 49.74 52.70 54.42

Makalot Industrial 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 52.70 53.44 54.10 54.49 54.42

TPE:1477 vs RL, LEVI, VFC: Cyclically Adjusted Book per Share Comparison

For the Apparel Manufacturing subindustry, Makalot Industrial 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.


Makalot Industrial Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Makalot Industrial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Makalot Industrial Co's Cyclically Adjusted PB Ratio falls into.


TPE:1477
92GF Score
Makalot Industrial Co Ltd TPE:1477
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Makalot Industrial 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, Makalot Industrial 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)
=56.933/324.0540*324.0540
=56.933

Current CPI (Dec. 2025) = 324.0540.

Makalot Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 42.590 238.132 57.957
201606 35.484 241.018 47.709
201609 36.807 241.428 49.404
201612 37.931 241.432 50.912
201703 38.394 243.801 51.032
201706 33.287 244.955 44.036
201709 35.631 246.819 46.781
201712 36.610 246.524 48.124
201803 37.681 249.554 48.930
201806 33.861 251.989 43.545
201809 36.299 252.439 46.597
201812 38.220 251.233 49.298
201903 40.424 254.202 51.532
201906 35.593 256.143 45.030
201909 38.354 256.759 48.406
201912 39.647 256.974 49.996
202003 41.626 258.115 52.260
202006 38.050 257.797 47.829
202009 41.302 260.280 51.422
202012 43.961 260.474 54.692
202103 47.786 264.877 58.462
202106 49.677 271.696 59.250
202109 52.864 274.310 62.450
202112 55.585 278.802 64.607
202203 50.423 287.504 56.833
202206 53.932 296.311 58.982
202209 59.448 296.808 64.905
202212 62.252 296.797 67.969
202303 51.755 301.836 55.565
202306 55.364 305.109 58.802
202309 61.399 307.789 64.644
202312 64.125 306.746 67.743
202403 53.378 312.332 55.381
202406 57.126 314.175 58.922
202409 54.560 315.301 56.075
202412 59.359 315.605 60.948
202503 54.682 319.799 55.410
202506 54.421 322.561 54.673
202509 52.687 324.800 52.566
202512 56.933 324.054 56.933

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$54.42 mean?
Makalot Industrial Co (TPE:1477) has a Cyclically Adjusted Book per Share of NT$54.42 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 Makalot Industrial Co and its competitors.
Is Makalot Industrial Co's Cyclically Adjusted Book per Share too high?
Makalot Industrial Co's current Cyclically Adjusted Book per Share is NT$54.42. Overall, Makalot Industrial Co has a GF Score™ of 92/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Makalot Industrial Co's Cyclically Adjusted Book per Share compare to RL and LEVI?
Makalot Industrial Co's Cyclically Adjusted Book per Share of NT$54.42 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Book per Share depends on the Manufacturing - Apparel & Accessories 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 Makalot Industrial Co and its competitors. Makalot Industrial Co's current Cyclically Adjusted Book per Share is NT$54.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makalot Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Makalot Industrial Co (TPE:1477) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$327.68, compared to a current price of NT$226.00 — trading 31% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$54.42. Makalot Industrial Co's overall GF Score™ is 92/100 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 Makalot Industrial Co (TPE:1477), the current Cyclically Adjusted Book per Share is NT$54.42 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 Makalot Industrial Co (TPE:1477) Overvalued in 2026?

Based on GuruFocus' analysis, Makalot Industrial Co stock appears to be undervalued. The current stock price of NT$226.00 is trading 31% below its estimated GF Value™ of NT$327.68. GuruFocus considers Makalot Industrial Co to be Significantly Undervalued.

Key valuation signals for TPE:1477:

  • Cyclically Adjusted Book per Share: NT$54.42
  • GF Value™: NT$327.68 vs. price of NT$226.00 (31% below fair value)
  • GF Score™: 92/100 with 2 warning signs

No single metric tells the full story. See the TPE:1477 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Makalot Industrial Co Business Description

Address No. 550, Zhongxiao East Road, 8th Floor, Section 4, Taipei, TWN, 110
Makalot Industrial Co Ltd is a Taiwan-based company. The company, along with its subsidiaries, is involved in the manufacturing and processing of garments. The firm describes its sales based on geography as sales from the American region and sales from others. It derives the majority of its sales from the American region. The firm generates almost all its revenue from garments and small portion of revenue from services and others.
92GF Score

Get the complete analysis for TPE:1477

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

NT$226.00
Price
NT$327.68
GF Value