Tsit Wing International Holdings (HKSE:02119) Cyclically Adjusted PB Ratio: 0.52 (As of Sep. 14, 2026) — 26% Below Median

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HKSE:02119 Tsit Wing International Holdings Ltd HKSE:02119
61 GF Score
Price HK$0.46
GF Value HK$0.63
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Tsit Wing International Holdings Cyclically Adjusted PB Ratio?

Tsit Wing International Holdings HKSE:02119 61 Cyclically Adjusted PB Ratio is 0.52 as of Sep. 14, 2026, which is 26% below its 10-year median of 0.70. GuruFocus rates HKSE:02119 with a GF Score™ of 61/100 and a GF Value™ of HK$0.63 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 85 Beverages - Non-Alcoholic companies, Tsit Wing International Holdings ranks better than 94.12% on this metric.

As of today (2026-09-14), Tsit Wing International Holdings's current share price is HK$0.455. Tsit Wing International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was HK$0.88. Tsit Wing International Holdings's Cyclically Adjusted PB Ratio for today is 0.52.

The historical rank and industry rank for Tsit Wing International Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:

HKSE:02119' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.7   Max: 1.58
Current: 0.51

During the past 13 years, Tsit Wing International Holdings's highest Cyclically Adjusted PB Ratio was 1.58. The lowest was 0.47. And the median was 0.70.

HKSE:02119's Cyclically Adjusted PB Ratio is ranked better than
94.12% of 85 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 2.27 vs HKSE:02119: 0.51

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.

Tsit Wing International Holdings's adjusted book value per share data of for the fiscal year that ended in Dec25 was HK$0.732. 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 HK$0.88 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tsit Wing International Holdings  (HKSE:02119) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Tsit Wing International Holdings Cyclically Adjusted PB Ratio Related Terms


Tsit Wing International Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tsit Wing International Holdings's Cyclically Adjusted PB Ratio 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.

Tsit Wing International Holdings Cyclically Adjusted PB Ratio Chart

Tsit Wing International Holdings Annual Data
Trend Dec12 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.76 0.53 0.59 0.64

Tsit Wing International Holdings Semi-Annual Data
Dec12 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Cyclically Adjusted PB Ratio 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 0.00 0.59 0.00 0.64 0.00

HKSE:02119 vs KO, PEP, MNST: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Tsit Wing International Holdings'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.


Tsit Wing International Holdings Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Tsit Wing International Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Tsit Wing International Holdings's Cyclically Adjusted PB Ratio falls into.


HKSE:02119
61GF Score
Tsit Wing International Holdings Ltd HKSE:02119
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsit Wing International Holdings Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Tsit Wing International Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.455/0.88
=0.52

* 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.

Tsit Wing International Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Tsit Wing International Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.732/120.7036*120.7036
=0.732

Current CPI (Dec25) = 120.7036.

Tsit Wing International Holdings Annual Data

Book Value per Share CPI Adj_Book
201212 1.514 91.132 2.005
201712 0.281 104.984 0.323
201812 0.704 107.622 0.790
201912 0.720 110.700 0.785
202012 0.767 109.711 0.844
202112 0.817 112.349 0.878
202212 0.798 114.548 0.841
202312 0.819 117.296 0.843
202412 0.707 118.945 0.717
202512 0.732 120.704 0.732

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 0.52 mean?
Tsit Wing International Holdings (HKSE:02119) has a Cyclically Adjusted PB Ratio of 0.52 as of Sep. 14, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Tsit Wing International Holdings and its competitors. This is 26% below median its historical median of 0.70. Over the past decade, Tsit Wing International Holdings' Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.58. According to the industry distribution chart, Tsit Wing International Holdings ranks #5 out of 85 companies in the Beverages - Non-Alcoholic industry, placing it in the top 5.9%.
Is Tsit Wing International Holdings' Cyclically Adjusted PB Ratio too high?
Tsit Wing International Holdings' current Cyclically Adjusted PB Ratio of 0.52 is 26% below median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.58. The Beverages - Non-Alcoholic industry median Cyclically Adjusted PB Ratio is 2.27. Tsit Wing International Holdings' value of 0.52 is 77.1% below this industry median. Based on the distribution chart, Tsit Wing International Holdings ranks #5 out of 85 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Tsit Wing International Holdings has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tsit Wing International Holdings' Cyclically Adjusted PB Ratio compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Tsit Wing International Holdings ranks #5 out of 85 companies for Cyclically Adjusted PB Ratio. This places Tsit Wing International Holdings in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.27. Tsit Wing International Holdings' value of 0.52 is 77.1% below this benchmark. Historically, Tsit Wing International Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.47 to 1.58 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 2.27, Tsit Wing International Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Beverages - Non-Alcoholic company?
The median Cyclically Adjusted PB Ratio among Beverages - Non-Alcoholic companies is 2.27, based on 85 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tsit Wing International Holdings's current Cyclically Adjusted PB Ratio of 0.52 is 77.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Tsit Wing International Holdings and its competitors. For the Beverages - Non-Alcoholic industry, the median Cyclically Adjusted PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsit Wing International Holdings's current Cyclically Adjusted PB Ratio is 0.52, which is 26% below median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsit Wing International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tsit Wing International Holdings (HKSE:02119) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.63, compared to a current price of HK$0.46 — trading 27.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.52, which is 26% below median its 10-year median of 0.70 and 77.1% below the Beverages - Non-Alcoholic industry median of 2.27. Tsit Wing International Holdings' overall GF Score™ is 61/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Tsit Wing International Holdings (HKSE:02119), the current Cyclically Adjusted PB Ratio is 0.52 as of Sep. 14, 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 Tsit Wing International Holdings (HKSE:02119) Overvalued in 2026?

Based on GuruFocus' analysis, Tsit Wing International Holdings stock appears to be undervalued. The current stock price of HK$0.46 is trading 27.8% below its estimated GF Value™ of HK$0.63. GuruFocus considers Tsit Wing International Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:02119:

  • Cyclically Adjusted PB Ratio: 0.52 (26% below median its 10-year median of 0.70)
  • GF Value™: HK$0.63 vs. price of HK$0.46 (27.8% below fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 77.1% below the Beverages - Non-Alcoholic median (#5 of 85)

No single metric tells the full story. See the HKSE:02119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsit Wing International Holdings Business Description

Address 15-33 Kwai Tak Street, Flats F-J, 11th Floor, Block 1, Kwai Tak Industrial Centre, Kwai Chung, New Territories, Hong Kong, HKG
Tsit Wing International Holdings Ltd is an investment holding company which, through its subsidiaries, mainly engages in the processing and distribution of coffee, tea, and related complementary products and services, the distribution of frozen food, and the sale of coffee and tea machines along with the provision of coffee and tea machine solutions, which generates maximum revenue. The company generates maximum revenue from Hong Kong.
61GF Score

Get the complete analysis for HKSE:02119

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

HK$0.46
Price
HK$0.63
GF Value