Fubon Financial Holdings Co (TPE:2881) Cyclically Adjusted Book per Share: NT$56.10 (As of Dec. 2025)


TPE:2881 Fubon Financial Holdings Co Ltd TPE:2881
65 GF Score
Price NT$126.00
GF Value NT$140.53
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Fubon Financial Holdings Co Cyclically Adjusted Book per Share?

Fubon Financial Holdings Co TPE:2881 +2.44% 65 Cyclically Adjusted Book per Share is NT$56.10 as of Dec. 2025. GuruFocus rates TPE:2881 with a GF Score™ of 65/100 and a GF Value™ of NT$140.53 (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.

Fubon Financial Holdings Co's adjusted book value per share for the three months ended in Dec. 2025 was NT$70.730. 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$56.10 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Fubon Financial Holdings Co's average Cyclically Adjusted Book Growth Rate was 7.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 10.50% 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 Fubon Financial Holdings Co was 12.90% per year. The lowest was 8.20% per year. And the median was 12.50% per year.

As of today (2026-07-09), Fubon Financial Holdings Co's current stock price is NT$126.00. Fubon Financial Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$56.10. Fubon Financial Holdings Co's Cyclically Adjusted PB Ratio of today is 2.25.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fubon Financial Holdings Co was 2.46. The lowest was 0.91. And the median was 1.25.


Fubon Financial Holdings Co  (TPE:2881) 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.

Fubon Financial Holdings Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=126.00/56.10
=2.25

* 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 Fubon Financial Holdings Co was 2.46. The lowest was 0.91. And the median was 1.25.


Be Aware

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


Fubon Financial Holdings Co Cyclically Adjusted Book per Share Related Terms


Fubon Financial Holdings Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Fubon Financial Holdings 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.

Fubon Financial Holdings Co Cyclically Adjusted Book per Share Chart

Fubon Financial Holdings 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 39.82 44.34 47.94 52.18 56.10

Fubon Financial Holdings 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 52.18 53.36 54.28 55.40 56.10

TPE:2881 vs AFL, MET, PRU: Cyclically Adjusted Book per Share Comparison

For the Insurance - Life subindustry, Fubon Financial Holdings 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.


Fubon Financial Holdings Co Cyclically Adjusted PB Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Fubon Financial Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Fubon Financial Holdings Co's Cyclically Adjusted PB Ratio falls into.


TPE:2881
65GF Score
Fubon Financial Holdings Co Ltd TPE:2881
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Fubon Financial Holdings 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, Fubon Financial Holdings 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)
=70.73/324.0540*324.0540
=70.730

Current CPI (Dec. 2025) = 324.0540.

Fubon Financial Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 29.840 238.132 40.607
201606 32.270 241.018 43.388
201609 34.388 241.428 46.157
201612 31.505 241.432 42.287
201703 32.215 243.801 42.819
201706 33.025 244.955 43.689
201709 34.847 246.819 45.751
201712 36.118 246.524 47.477
201803 38.389 249.554 49.849
201806 36.903 251.989 47.457
201809 37.625 252.439 48.299
201812 33.434 251.233 43.125
201903 39.315 254.202 50.118
201906 40.533 256.143 51.279
201909 42.608 256.759 53.775
201912 44.554 256.974 56.184
202003 36.737 258.115 46.122
202006 43.667 257.797 54.890
202009 48.403 260.280 60.263
202012 56.165 260.474 69.875
202103 60.276 264.877 73.742
202106 62.215 271.696 74.204
202109 62.361 274.310 73.670
202112 66.648 278.802 77.466
202203 69.666 287.504 78.523
202206 43.605 296.311 47.688
202209 38.270 296.808 41.783
202212 39.243 296.797 42.847
202303 49.768 301.836 53.431
202306 51.923 305.109 55.147
202309 51.504 307.789 54.226
202312 56.145 306.746 59.313
202403 62.856 312.332 65.215
202406 65.793 314.175 67.862
202409 66.035 315.301 67.868
202412 66.760 315.605 68.547
202503 64.122 319.799 64.975
202506 57.127 322.561 57.391
202509 66.205 324.800 66.053
202512 70.730 324.054 70.730

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$56.10 mean?
Fubon Financial Holdings Co (TPE:2881) has a Cyclically Adjusted Book per Share of NT$56.10 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 Fubon Financial Holdings Co and its competitors.
Is Fubon Financial Holdings Co's Cyclically Adjusted Book per Share too high?
Fubon Financial Holdings Co's current Cyclically Adjusted Book per Share is NT$56.10. Overall, Fubon Financial Holdings Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fubon Financial Holdings Co's Cyclically Adjusted Book per Share compare to AFL and MET?
Fubon Financial Holdings Co's Cyclically Adjusted Book per Share of NT$56.10 can be compared against companies in the Insurance 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 an Insurance company?
A good Cyclically Adjusted Book per Share depends on the Insurance 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 Fubon Financial Holdings Co and its competitors. Fubon Financial Holdings Co's current Cyclically Adjusted Book per Share is NT$56.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fubon Financial Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Fubon Financial Holdings Co (TPE:2881) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$140.53, compared to a current price of NT$126.00 — trading 10.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$56.10. Fubon Financial Holdings Co's overall GF Score™ is 65/100 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 Fubon Financial Holdings Co (TPE:2881), the current Cyclically Adjusted Book per Share is NT$56.10 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 Fubon Financial Holdings Co (TPE:2881) Overvalued in 2026?

Based on GuruFocus' analysis, Fubon Financial Holdings Co stock appears to be undervalued. The current stock price of NT$126.00 is trading 10.3% below its estimated GF Value™ of NT$140.53. GuruFocus considers Fubon Financial Holdings Co to be Modestly Undervalued.

Key valuation signals for TPE:2881:

  • Cyclically Adjusted Book per Share: NT$56.10
  • GF Value™: NT$140.53 vs. price of NT$126.00 (10.3% below fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the TPE:2881 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fubon Financial Holdings Co Business Description

Address No. 179, Liaoning Street, 15-16th Floor, Zhongshan District, Taipei, TWN, 104
Fubon Financial Holdings Co Ltd is a full-service financial holding company. Along with its subsidiaries, the company operates in the following reportable segments: Bank business, Insurance business, Life insurance business, Securities business, and Others. It generates maximum revenue from the Life Insurance business segment, which provides a variety of life and property insurance services. In addition to its reportable businesses, the group is also engaged in financial holding, venture capital, and asset management businesses. Geographically, it generates maximum revenue from Taiwan, followed by other Asian regions, and other markets.
65GF Score

Get the complete analysis for TPE:2881

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

NT$126.00
Price
NT$140.53
GF Value