Morn Sun Feed Mill Co (ROCO:1240) Cyclically Adjusted PB Ratio: 1.76 (As of Aug. 23, 2026) — Near Median

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ROCO:1240 Morn Sun Feed Mill Co Ltd ROCO:1240
83 GF Score
Price NT$57.00
GF Value NT$48.54
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Morn Sun Feed Mill Co Cyclically Adjusted PB Ratio?

Morn Sun Feed Mill Co ROCO:1240 -0.18% 83 Cyclically Adjusted PB Ratio is 1.76 as of Aug. 23, 2026, which is 6% below its 10-year median of 1.87. GuruFocus rates ROCO:1240 with a GF Score™ of 83/100 and a GF Value™ of NT$48.54 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,325 Consumer Packaged Goods companies, Morn Sun Feed Mill Co ranks worse than 62.42% on this metric.

As of today (2026-08-23), Morn Sun Feed Mill Co's current share price is NT$57.00. Morn Sun Feed Mill Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$32.41. Morn Sun Feed Mill Co's Cyclically Adjusted PB Ratio for today is 1.76.

The historical rank and industry rank for Morn Sun Feed Mill Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:1240' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.69   Med: 1.87   Max: 1.99
Current: 1.76

During the past years, Morn Sun Feed Mill Co's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 1.69. And the median was 1.87.

ROCO:1240's Cyclically Adjusted PB Ratio is ranked worse than
62.42% of 1325 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs ROCO:1240: 1.76

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.

Morn Sun Feed Mill Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$33.912. 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$32.41 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Morn Sun Feed Mill Co  (ROCO:1240) 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.


Morn Sun Feed Mill Co Cyclically Adjusted PB Ratio Related Terms


Morn Sun Feed Mill Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Morn Sun Feed Mill Co'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.

Morn Sun Feed Mill Co Cyclically Adjusted PB Ratio Chart

Morn Sun Feed Mill Co Annual Data
Trend Dec16 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 0.00 0.00 0.00 0.00 1.96

Morn Sun Feed Mill 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 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 0.00 1.96 1.87 1.77

ROCO:1240 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Morn Sun Feed Mill 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.


Morn Sun Feed Mill Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morn Sun Feed Mill Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Morn Sun Feed Mill Co's Cyclically Adjusted PB Ratio falls into.


ROCO:1240
83GF Score
Morn Sun Feed Mill Co Ltd ROCO:1240
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morn Sun Feed Mill Co 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.

Morn Sun Feed Mill Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=57.00/32.41
=1.76

* 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.

Morn Sun Feed Mill Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Morn Sun Feed Mill 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)
=33.912/333.9520*333.9520
=33.912

Current CPI (Jun. 2026) = 333.9520.

Morn Sun Feed Mill Co Quarterly Data

Book Value per Share CPI Adj_Book
201512 9.089 236.525 12.833
201612 18.548 241.432 25.656
201703 0.000 243.801 0.000
201706 19.441 244.955 26.504
201709 0.000 246.819 0.000
201712 22.827 246.524 30.922
201803 24.545 249.554 32.846
201806 24.954 251.989 33.071
201809 26.630 252.439 35.229
201812 26.399 251.233 35.091
201903 25.830 254.202 33.934
201906 26.554 256.143 34.620
201909 22.699 256.759 29.523
201912 22.891 256.974 29.748
202003 23.525 258.115 30.437
202006 23.399 257.797 30.311
202009 23.672 260.280 30.372
202012 25.489 260.474 32.679
202103 28.180 264.877 35.529
202106 27.945 271.696 34.348
202109 27.051 274.310 32.933
202112 28.680 278.802 34.353
202203 29.648 287.504 34.438
202206 27.466 296.311 30.955
202209 27.012 296.808 30.392
202212 27.818 296.797 31.300
202303 28.300 301.836 31.311
202306 27.975 305.109 30.620
202309 28.872 307.789 31.326
202312 30.610 306.746 33.325
202403 31.706 312.332 33.901
202406 36.250 314.175 38.532
202409 41.836 315.301 44.311
202412 32.696 315.605 34.597
202503 33.065 319.799 34.528
202506 31.653 322.561 32.771
202509 32.849 324.800 33.775
202512 33.968 324.054 35.006
202603 35.220 330.213 35.619
202606 33.912 333.952 33.912

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 1.76 mean?
Morn Sun Feed Mill Co (ROCO:1240) has a Cyclically Adjusted PB Ratio of 1.76 as of Aug. 23, 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 Morn Sun Feed Mill Co and its competitors. This is near median its historical median of 1.87. Over the past decade, Morn Sun Feed Mill Co's Cyclically Adjusted PB Ratio has ranged from 1.69 to 1.99. According to the industry distribution chart, Morn Sun Feed Mill Co ranks #827 out of 1325 companies in the Consumer Packaged Goods industry, placing it in the top 62.4%.
Is Morn Sun Feed Mill Co's Cyclically Adjusted PB Ratio too high?
Morn Sun Feed Mill Co's current Cyclically Adjusted PB Ratio of 1.76 is near median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 1.99. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Morn Sun Feed Mill Co's value of 1.76 is 39.7% above this industry median. Based on the distribution chart, Morn Sun Feed Mill Co ranks #827 out of 1325 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Morn Sun Feed Mill Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morn Sun Feed Mill Co's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Morn Sun Feed Mill Co ranks #827 out of 1325 companies for Cyclically Adjusted PB Ratio. This places Morn Sun Feed Mill Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Morn Sun Feed Mill Co's value of 1.76 is 39.7% above this benchmark. Historically, Morn Sun Feed Mill Co's own Cyclically Adjusted PB Ratio has ranged from 1.69 to 1.99 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.26, Morn Sun Feed Mill Co has consistently been above 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,325 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. Morn Sun Feed Mill Co's current Cyclically Adjusted PB Ratio of 1.76 is 39.7% above 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 Morn Sun Feed Mill Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morn Sun Feed Mill Co's current Cyclically Adjusted PB Ratio is 1.76, which is near median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morn Sun Feed Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Morn Sun Feed Mill Co (ROCO:1240) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$48.54, compared to a current price of NT$57.00 — trading 17.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.76, which is near median its 10-year median of 1.87 and 39.7% above the Consumer Packaged Goods industry median of 1.26. Morn Sun Feed Mill Co's overall GF Score™ is 83/100 with 4 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 Morn Sun Feed Mill Co (ROCO:1240), the current Cyclically Adjusted PB Ratio is 1.76 as of Aug. 23, 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 Morn Sun Feed Mill Co (ROCO:1240) Overvalued in 2026?

Based on GuruFocus' analysis, Morn Sun Feed Mill Co stock appears to be overvalued. The current stock price of NT$57.00 is trading 17.4% above its estimated GF Value™ of NT$48.54. GuruFocus considers Morn Sun Feed Mill Co to be Modestly Overvalued.

Key valuation signals for ROCO:1240:

  • Cyclically Adjusted PB Ratio: 1.76 (near median its 10-year median of 1.87)
  • GF Value™: NT$48.54 vs. price of NT$57.00 (17.4% above fair value)
  • GF Score™: 83/100 with 4 warning signs
  • Industry Position: 39.7% above the Consumer Packaged Goods median (#827 of 1325)

No single metric tells the full story. See the ROCO:1240 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Morn Sun Feed Mill Co Business Description

Address No. 30, Heping West Road, 2nd Floor, Section 1, Zhongzheng District, Taipei, TWN
Morn Sun Feed Mill Co Ltd is engaged in the manufacture and processing and the sale of feed and raw materials trading of rice shells, flour, soybeans, barley and wheat and assorted grains, and feeding of domestic livestock and poultry, etc. Reportable segments of the Group are the Feed Segment, Egg Product Segment, Breeding Segment and other segments. The company generates maximum of its revenue from the Feed Segment. It also generates revenue from warehouse rental income and sales of breeding pigs.
83GF Score

Get the complete analysis for ROCO:1240

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

NT$57.00
Price
NT$48.54
GF Value