Meiloon Industrial Co (TPE:2477) Cyclically Adjusted Book per Share: NT$27.14 (As of Mar. 2026)

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TPE:2477 Meiloon Industrial Co Ltd TPE:2477
72 GF Score
Price NT$21.60
GF Value NT$22.56
Valuation Fairly Valued
! 5 Warning Signs
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What is Meiloon Industrial Co Cyclically Adjusted Book per Share?

Meiloon Industrial Co TPE:2477 +0.93% 72 Cyclically Adjusted Book per Share is NT$27.14 as of Mar. 2026. GuruFocus rates TPE:2477 with a GF Score™ of 72/100 and a GF Value™ of NT$22.56 (Fairly Valued). The stock has 5 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.

Meiloon Industrial Co's adjusted book value per share for the three months ended in Mar. 2026 was NT$25.752. 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$27.14 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Meiloon Industrial Co's average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.00% 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 Meiloon Industrial Co was 7.90% per year. The lowest was 3.60% per year. And the median was 6.30% per year.

As of today (2026-08-02), Meiloon Industrial Co's current stock price is NT$21.60. Meiloon Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$27.14. Meiloon Industrial Co's Cyclically Adjusted PB Ratio of today is 0.80.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Meiloon Industrial Co was 2.56. The lowest was 0.75. And the median was 1.03.


Meiloon Industrial Co  (TPE:2477) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.60/27.14
=0.80

* 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 Meiloon Industrial Co was 2.56. The lowest was 0.75. And the median was 1.03.


Be Aware

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


Meiloon Industrial Co Cyclically Adjusted Book per Share Related Terms


Meiloon Industrial Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Meiloon 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.

Meiloon Industrial Co Cyclically Adjusted Book per Share Chart

Meiloon 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 21.77 23.92 24.74 25.67 26.60

Meiloon Industrial Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 26.09 26.37 26.60 26.60 27.14

TPE:2477 vs AAPL: Cyclically Adjusted Book per Share Comparison

For the Consumer Electronics subindustry, Meiloon 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.


Meiloon Industrial Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Meiloon Industrial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:2477
72GF Score
Meiloon Industrial Co Ltd TPE:2477
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Meiloon 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, Meiloon Industrial Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=25.752/330.2130*330.2130
=25.752

Current CPI (Mar. 2026) = 330.2130.

Meiloon Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 16.562 241.018 22.691
201609 16.666 241.428 22.795
201612 17.405 241.432 23.805
201703 17.149 243.801 23.227
201706 17.739 244.955 23.913
201709 19.448 246.819 26.019
201712 19.894 246.524 26.648
201803 19.940 249.554 26.385
201806 18.683 251.989 24.483
201809 18.967 252.439 24.811
201812 19.398 251.233 25.496
201903 20.101 254.202 26.112
201906 19.653 256.143 25.336
201909 19.935 256.759 25.638
201912 20.471 256.974 26.305
202003 0.000 258.115 0.000
202006 18.637 257.797 23.872
202009 18.865 260.280 23.934
202012 19.247 260.474 24.400
202103 28.313 264.877 35.297
202106 28.939 271.696 35.172
202109 27.123 274.310 32.651
202112 27.245 278.802 32.269
202203 28.183 287.504 32.370
202206 26.808 296.311 29.875
202209 32.923 296.808 36.628
202212 25.557 296.797 28.434
202303 24.301 301.836 26.586
202306 24.710 305.109 26.743
202309 25.925 307.789 27.814
202312 24.897 306.746 26.802
202403 25.470 312.332 26.928
202406 26.393 314.175 27.740
202409 26.660 315.301 27.921
202412 27.577 315.605 28.853
202503 26.820 319.799 27.693
202506 23.629 322.561 24.190
202509 25.289 324.800 25.710
202512 26.467 324.054 26.970
202603 25.752 330.213 25.752

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$27.14 mean?
Meiloon Industrial Co (TPE:2477) has a Cyclically Adjusted Book per Share of NT$27.14 as of Mar. 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 Meiloon Industrial Co and its competitors.
Is Meiloon Industrial Co's Cyclically Adjusted Book per Share too high?
Meiloon Industrial Co's current Cyclically Adjusted Book per Share is NT$27.14. Overall, Meiloon Industrial Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meiloon Industrial Co's Cyclically Adjusted Book per Share compare to AAPL?
Meiloon Industrial Co's Cyclically Adjusted Book per Share of NT$27.14 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Book per Share depends on the Hardware 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 Meiloon Industrial Co and its competitors. Meiloon Industrial Co's current Cyclically Adjusted Book per Share is NT$27.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiloon Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Meiloon Industrial Co (TPE:2477) is currently considered Fairly Valued. The stock's GF Value™ is NT$22.56, compared to a current price of NT$21.60 — trading 4.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$27.14. Meiloon Industrial Co's overall GF Score™ is 72/100 with 5 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 Meiloon Industrial Co (TPE:2477), the current Cyclically Adjusted Book per Share is NT$27.14 as of Mar. 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 Meiloon Industrial Co (TPE:2477) Overvalued in 2026?

Based on GuruFocus' analysis, Meiloon Industrial Co stock appears to be undervalued. The current stock price of NT$21.60 is trading 4.3% below its estimated GF Value™ of NT$22.56. GuruFocus considers Meiloon Industrial Co to be Fairly Valued.

Key valuation signals for TPE:2477:

  • Cyclically Adjusted Book per Share: NT$27.14
  • GF Value™: NT$22.56 vs. price of NT$21.60 (4.3% below fair value)
  • GF Score™: 72/100 with 5 warning signs

No single metric tells the full story. See the TPE:2477 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meiloon Industrial Co Business Description

Address No 99, XingFu Road, Taoyuan District, Taoyuan, TWN, 330022
Meiloon Industrial Co Ltd designs and manufactures all types of visual and audio products. Its product line includes hi-fi home theater systems; car speakers and amplifiers; professional audio speakers; projectors and many others. Its segments include the Loudspeaker segment and Other segments. Its geographic segments include Europe, Americas, Asia, Taiwan, and Other regions. It generates the majority of its revenue from Europe.
72GF Score

Get the complete analysis for TPE:2477

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

NT$21.60
Price
NT$22.56
GF Value