Bank Of Kaohsiung (TPE:2836) Cyclically Adjusted Book per Share: NT$14.03 (As of Dec. 2025)

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TPE:2836 Bank Of Kaohsiung Ltd TPE:2836
64 GF Score
Price NT$11.95
GF Value NT$11.60
Valuation Fairly Valued
! 5 Warning Signs
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What is Bank Of Kaohsiung Cyclically Adjusted Book per Share?

Bank Of Kaohsiung TPE:2836 -7.62% 64 Cyclically Adjusted Book per Share is NT$14.03 as of Dec. 2025. GuruFocus rates TPE:2836 with a GF Score™ of 64/100 and a GF Value™ of NT$11.60 (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.

Bank Of Kaohsiung's adjusted book value per share for the three months ended in Dec. 2025 was NT$14.656. 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$14.03 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Bank Of Kaohsiung's average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.30% 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 Bank Of Kaohsiung was 5.70% per year. The lowest was 2.90% per year. And the median was 4.00% per year.

As of today (2026-07-29), Bank Of Kaohsiung's current stock price is NT$11.95. Bank Of Kaohsiung's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$14.03. Bank Of Kaohsiung's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Of Kaohsiung was 1.07. The lowest was 0.60. And the median was 0.82.


Bank Of Kaohsiung  (TPE:2836) 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.

Bank Of Kaohsiung's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11.95/14.03
=0.85

* 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 Bank Of Kaohsiung was 1.07. The lowest was 0.60. And the median was 0.82.


Be Aware

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


Bank Of Kaohsiung Cyclically Adjusted Book per Share Related Terms


Bank Of Kaohsiung Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bank Of Kaohsiung'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.

Bank Of Kaohsiung Cyclically Adjusted Book per Share Chart

Bank Of Kaohsiung 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 12.17 12.89 13.32 13.68 14.03

Bank Of Kaohsiung 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 13.68 13.86 13.96 14.06 14.03

TPE:2836 vs PNC, USB: Cyclically Adjusted Book per Share Comparison

For the Banks - Regional subindustry, Bank Of Kaohsiung'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.


Bank Of Kaohsiung Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank Of Kaohsiung's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bank Of Kaohsiung's Cyclically Adjusted PB Ratio falls into.


TPE:2836
64GF Score
Bank Of Kaohsiung Ltd TPE:2836
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank Of Kaohsiung 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, Bank Of Kaohsiung'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)
=14.656/324.0540*324.0540
=14.656

Current CPI (Dec. 2025) = 324.0540.

Bank Of Kaohsiung Quarterly Data

Book Value per Share CPI Adj_Book
201603 10.865 238.132 14.785
201606 11.042 241.018 14.846
201609 11.164 241.428 14.985
201612 11.147 241.432 14.962
201703 10.599 243.801 14.088
201706 10.285 244.955 13.606
201709 10.404 246.819 13.660
201712 10.411 246.524 13.685
201803 10.495 249.554 13.628
201806 10.504 251.989 13.508
201809 10.632 252.439 13.648
201812 10.600 251.233 13.672
201903 10.910 254.202 13.908
201906 11.065 256.143 13.999
201909 11.224 256.759 14.166
201912 11.322 256.974 14.277
202003 11.143 258.115 13.990
202006 11.661 257.797 14.658
202009 11.796 260.280 14.686
202012 11.898 260.474 14.802
202103 12.334 264.877 15.090
202106 12.425 271.696 14.819
202109 12.594 274.310 14.878
202112 12.683 278.802 14.742
202203 12.392 287.504 13.967
202206 11.330 296.311 12.391
202209 11.166 296.808 12.191
202212 11.509 296.797 12.566
202303 12.260 301.836 13.162
202306 12.379 305.109 13.148
202309 12.398 307.789 13.053
202312 13.329 306.746 14.081
202403 12.942 312.332 13.428
202406 12.810 314.175 13.213
202409 13.238 315.301 13.605
202412 13.318 315.605 13.675
202503 13.671 319.799 13.853
202506 13.668 322.561 13.731
202509 14.473 324.800 14.440
202512 14.656 324.054 14.656

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$14.03 mean?
Bank Of Kaohsiung (TPE:2836) has a Cyclically Adjusted Book per Share of NT$14.03 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 Bank Of Kaohsiung and its competitors.
Is Bank Of Kaohsiung's Cyclically Adjusted Book per Share too high?
Bank Of Kaohsiung's current Cyclically Adjusted Book per Share is NT$14.03. Overall, Bank Of Kaohsiung has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank Of Kaohsiung's Cyclically Adjusted Book per Share compare to PNC and USB?
Bank Of Kaohsiung's Cyclically Adjusted Book per Share of NT$14.03 can be compared against companies in the Banks 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 Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks 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 Bank Of Kaohsiung and its competitors. Bank Of Kaohsiung's current Cyclically Adjusted Book per Share is NT$14.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Of Kaohsiung stock overvalued right now?
Based on GuruFocus' analysis, Bank Of Kaohsiung (TPE:2836) is currently considered Fairly Valued. The stock's GF Value™ is NT$11.60, compared to a current price of NT$11.95 — trading 3% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$14.03. Bank Of Kaohsiung's overall GF Score™ is 64/100 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 Bank Of Kaohsiung (TPE:2836), the current Cyclically Adjusted Book per Share is NT$14.03 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 Bank Of Kaohsiung (TPE:2836) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Of Kaohsiung stock appears to be overvalued. The current stock price of NT$11.95 is trading 3% above its estimated GF Value™ of NT$11.60. GuruFocus considers Bank Of Kaohsiung to be Fairly Valued.

Key valuation signals for TPE:2836:

  • Cyclically Adjusted Book per Share: NT$14.03
  • GF Value™: NT$11.60 vs. price of NT$11.95 (3% above fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the TPE:2836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank Of Kaohsiung Business Description

Other Exchanges 2836A.PFD:Taiwan
Address No.168, Po Ai 2nd Road, Zuoying District, Kaohsiung, TWN
Bank Of Kaohsiung Ltd operates as a commercial bank. Its business activities are Agent for the Kaohsiung City Treasury; Management of Kaohsiung Municipal Bond; Other relevant commercial bank businesses authorized under the Banking Act; Savings and trust operations; and Other relevant businesses authorized by the Government authorities. Its segments include DBU, which engages in deposit taking and underwriting of loans in the domestic market; OBU& Finance Administration Department, which engages in the investment and trading of securities and offshore deposits and loans; and Other segments, which engages in public treasury, trust and insurance agency businesses. It derives the majority of the revenue from the DBU segment.
64GF Score

Get the complete analysis for TPE:2836

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

NT$11.95
Price
NT$11.60
GF Value