Excelsior Medical Co (TPE:4104) Cyclically Adjusted Book per Share: NT$67.37 (As of Jun. 2026)

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TPE:4104 Excelsior Medical Co Ltd TPE:4104
86 GF Score
Price NT$72.20
GF Value NT$86.64
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Excelsior Medical Co Cyclically Adjusted Book per Share?

Excelsior Medical Co TPE:4104 +0.42% 86 Cyclically Adjusted Book per Share is NT$67.37 as of Jun. 2026. GuruFocus rates TPE:4104 with a GF Score™ of 86/100 and a GF Value™ of NT$86.64 (Modestly Undervalued). 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.

Excelsior Medical Co's adjusted book value per share for the three months ended in Jun. 2026 was NT$70.098. 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$67.37 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Excelsior Medical Co's average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.20% 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 Excelsior Medical Co was 4.70% per year. The lowest was 1.50% per year. And the median was 3.60% per year.

As of today (2026-09-18), Excelsior Medical Co's current stock price is NT$72.20. Excelsior Medical Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$67.37. Excelsior Medical Co's Cyclically Adjusted PB Ratio of today is 1.07.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Excelsior Medical Co was 1.69. The lowest was 0.90. And the median was 1.31.


Excelsior Medical Co  (TPE:4104) 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.

Excelsior Medical Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=72.20/67.367
=1.07

* 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 Excelsior Medical Co was 1.69. The lowest was 0.90. And the median was 1.31.


Be Aware

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


Excelsior Medical Co Cyclically Adjusted Book per Share Related Terms


Excelsior Medical Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Excelsior Medical 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.

Excelsior Medical Co Cyclically Adjusted Book per Share Chart

Excelsior Medical 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 59.69 63.50 64.94 65.87 66.92

Excelsior Medical Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 65.76 66.04 65.71 66.65 67.37

TPE:4104 vs MCK, COR, CAH: Cyclically Adjusted Book per Share Comparison

For the Medical Distribution subindustry, Excelsior Medical 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.


Excelsior Medical Co Cyclically Adjusted PB Ratio vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Excelsior Medical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:4104
86GF Score
Excelsior Medical Co Ltd TPE:4104
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Excelsior Medical 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, Excelsior Medical Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=70.098/333.9520*333.9520
=70.098

Current CPI (Jun. 2026) = 333.9520.

Excelsior Medical Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 50.951 241.428 70.477
201612 52.066 241.432 72.018
201703 50.451 243.801 69.106
201706 49.151 244.955 67.009
201709 49.275 246.819 66.670
201712 49.881 246.524 67.571
201803 53.279 249.554 71.298
201806 50.986 251.989 67.570
201809 51.366 252.439 67.952
201812 52.046 251.233 69.182
201903 53.704 254.202 70.552
201906 51.788 256.143 67.520
201909 53.030 256.759 68.973
201912 54.500 256.974 70.826
202003 49.788 258.115 64.416
202006 53.344 257.797 69.102
202009 54.200 260.280 69.541
202012 54.914 260.474 70.405
202103 52.220 264.877 65.838
202106 53.544 271.696 65.813
202109 54.389 274.310 66.215
202112 55.866 278.802 66.917
202203 54.578 287.504 63.395
202206 56.260 296.311 63.407
202209 58.414 296.808 65.724
202212 59.028 296.797 66.418
202303 57.360 301.836 63.463
202306 59.997 305.109 65.669
202309 62.140 307.789 67.422
202312 62.557 306.746 68.105
202403 60.035 312.332 64.191
202406 62.168 314.175 66.081
202409 63.431 315.301 67.183
202412 65.104 315.605 68.889
202503 62.133 319.799 64.883
202506 61.930 322.561 64.117
202509 64.868 324.800 66.696
202512 67.209 324.054 69.262
202603 63.999 330.213 64.724
202606 70.098 333.952 70.098

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$67.37 mean?
Excelsior Medical Co (TPE:4104) has a Cyclically Adjusted Book per Share of NT$67.37 as of Jun. 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 Excelsior Medical Co and its competitors.
Is Excelsior Medical Co's Cyclically Adjusted Book per Share too high?
Excelsior Medical Co's current Cyclically Adjusted Book per Share is NT$67.37. Overall, Excelsior Medical Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Excelsior Medical Co's Cyclically Adjusted Book per Share compare to MCK and COR?
Excelsior Medical Co's Cyclically Adjusted Book per Share of NT$67.37 can be compared against companies in the Medical Distribution 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 Medical Distribution company?
A good Cyclically Adjusted Book per Share depends on the Medical Distribution 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 Excelsior Medical Co and its competitors. Excelsior Medical Co's current Cyclically Adjusted Book per Share is NT$67.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excelsior Medical Co stock overvalued right now?
Based on GuruFocus' analysis, Excelsior Medical Co (TPE:4104) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$86.64, compared to a current price of NT$72.20 — trading 16.7% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$67.37. Excelsior Medical Co's overall GF Score™ is 86/100 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 Excelsior Medical Co (TPE:4104), the current Cyclically Adjusted Book per Share is NT$67.37 as of Jun. 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 Excelsior Medical Co (TPE:4104) Overvalued in 2026?

Based on GuruFocus' analysis, Excelsior Medical Co stock appears to be undervalued. The current stock price of NT$72.20 is trading 16.7% below its estimated GF Value™ of NT$86.64. GuruFocus considers Excelsior Medical Co to be Modestly Undervalued.

Key valuation signals for TPE:4104:

  • Cyclically Adjusted Book per Share: NT$67.37
  • GF Value™: NT$86.64 vs. price of NT$72.20 (16.7% below fair value)
  • GF Score™: 86/100 with 5 warning signs

No single metric tells the full story. See the TPE:4104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Excelsior Medical Co Business Description

Address Zhongzheng Road, No. 880, 17th Floor, Zhonghe District, New Taipei City, TWN, 235
Excelsior Medical Co Ltd is engaged in the sale of medical supplies and medicines, home medical devices, and medical equipment with brand names of local and foreign manufacturers. Its product offerings include Fasflo hollow fiber dialyzer, Renabio sodium chloride injection, acid concentrates, Sunder blood purification tubing set, JMS blood bags, etc. The Group's reportable segments include Excelsior, Dynamic, Arich, and Others. Maximum revenue is generated from the Excelsior segment. Geographically, it derives key revenue from Taiwan and also has a presence in Hong Kong, China, the Philippines, Malaysia, and Indonesia.
86GF Score

Get the complete analysis for TPE:4104

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

NT$72.20
Price
NT$86.64
GF Value