C.T.I. Traffic Industries Co (ROCO:2230) Cyclically Adjusted PB Ratio: 1.87 (As of Aug. 15, 2026) — 66% Below Median

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ROCO:2230 C.T.I. Traffic Industries Co Ltd ROCO:2230
58 GF Score
Price NT$24.95
GF Value NT$245.47
Valuation Possible Value Trap
! 7 Warning Signs
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What is C.T.I. Traffic Industries Co Cyclically Adjusted PB Ratio?

C.T.I. Traffic Industries Co ROCO:2230 -2.16% 58 Cyclically Adjusted PB Ratio is 1.87 as of Aug. 15, 2026, which is 66% below its 10-year median of 5.44. GuruFocus rates ROCO:2230 with a GF Score™ of 58/100 and a GF Value™ of NT$245.47 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 982 Vehicles & Parts companies, C.T.I. Traffic Industries Co ranks worse than 63.75% on this metric.

As of today (2026-08-15), C.T.I. Traffic Industries Co's current share price is NT$24.95. C.T.I. Traffic Industries Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$13.36. C.T.I. Traffic Industries Co's Cyclically Adjusted PB Ratio for today is 1.87.

The historical rank and industry rank for C.T.I. Traffic Industries Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:2230' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.94   Med: 5.44   Max: 12.96
Current: 1.98

During the past years, C.T.I. Traffic Industries Co's highest Cyclically Adjusted PB Ratio was 12.96. The lowest was 0.94. And the median was 5.44.

ROCO:2230's Cyclically Adjusted PB Ratio is ranked worse than
63.75% of 982 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs ROCO:2230: 1.98

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.

C.T.I. Traffic Industries Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$16.195. 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$13.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


C.T.I. Traffic Industries Co  (ROCO:2230) 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.


C.T.I. Traffic Industries Co Cyclically Adjusted PB Ratio Related Terms


C.T.I. Traffic Industries Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for C.T.I. Traffic Industries 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.

C.T.I. Traffic Industries Co Cyclically Adjusted PB Ratio Chart

C.T.I. Traffic Industries 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 1.02 2.13 12.01 7.57 7.04

C.T.I. Traffic Industries Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.15 8.08 7.78 7.04 2.34

ROCO:2230 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, C.T.I. Traffic Industries 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.


C.T.I. Traffic Industries Co Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, C.T.I. Traffic Industries Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where C.T.I. Traffic Industries Co's Cyclically Adjusted PB Ratio falls into.


ROCO:2230
58GF Score
C.T.I. Traffic Industries Co Ltd ROCO:2230
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

C.T.I. Traffic Industries 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.

C.T.I. Traffic Industries Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.95/13.36
=1.87

* 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.

C.T.I. Traffic Industries Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, C.T.I. Traffic Industries Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=16.195/330.2130*330.2130
=16.195

Current CPI (Mar. 2026) = 330.2130.

C.T.I. Traffic Industries Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.326 241.018 12.777
201609 9.193 241.428 12.574
201612 9.306 241.432 12.728
201703 8.838 243.801 11.971
201706 8.922 244.955 12.027
201709 8.906 246.819 11.915
201712 8.862 246.524 11.870
201803 8.739 249.554 11.564
201806 8.993 251.989 11.785
201809 8.908 252.439 11.652
201812 8.990 251.233 11.816
201903 9.223 254.202 11.981
201906 9.132 256.143 11.773
201909 8.826 256.759 11.351
201912 8.705 256.974 11.186
202003 8.568 258.115 10.961
202006 8.429 257.797 10.797
202009 8.295 260.280 10.524
202012 8.395 260.474 10.643
202103 8.351 264.877 10.411
202106 8.329 271.696 10.123
202109 8.153 274.310 9.815
202112 8.126 278.802 9.624
202203 8.396 287.504 9.643
202206 10.719 296.311 11.945
202209 11.153 296.808 12.408
202212 10.661 296.797 11.861
202303 11.831 301.836 12.943
202306 13.039 305.109 14.112
202309 13.924 307.789 14.938
202312 15.173 306.746 16.334
202403 16.704 312.332 17.660
202406 17.872 314.175 18.784
202409 19.173 315.301 20.080
202412 20.375 315.605 21.318
202503 20.005 319.799 20.656
202506 17.245 322.561 17.654
202509 17.780 324.800 18.076
202512 17.485 324.054 17.817
202603 16.195 330.213 16.195

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 1.87 mean?
C.T.I. Traffic Industries Co (ROCO:2230) has a Cyclically Adjusted PB Ratio of 1.87 as of Aug. 15, 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 C.T.I. Traffic Industries Co and its competitors. This is 66% below median its historical median of 5.44. Over the past decade, C.T.I. Traffic Industries Co's Cyclically Adjusted PB Ratio has ranged from 0.94 to 12.96. According to the industry distribution chart, C.T.I. Traffic Industries Co ranks #626 out of 982 companies in the Vehicles & Parts industry, placing it in the top 63.7%.
Is C.T.I. Traffic Industries Co's Cyclically Adjusted PB Ratio too high?
C.T.I. Traffic Industries Co's current Cyclically Adjusted PB Ratio of 1.87 is 66% below median its 10-year median of 5.44. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 12.96. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. C.T.I. Traffic Industries Co's value of 1.87 is 48.4% above this industry median. Based on the distribution chart, C.T.I. Traffic Industries Co ranks #626 out of 982 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, C.T.I. Traffic Industries Co has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does C.T.I. Traffic Industries Co's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, C.T.I. Traffic Industries Co ranks #626 out of 982 companies for Cyclically Adjusted PB Ratio. This places C.T.I. Traffic Industries Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. C.T.I. Traffic Industries Co's value of 1.87 is 48.4% above this benchmark. Historically, C.T.I. Traffic Industries Co's own Cyclically Adjusted PB Ratio has ranged from 0.94 to 12.96 over the past decade. While the company's 10-year median is 5.44 vs. the industry median of 1.26, C.T.I. Traffic Industries 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 982 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. C.T.I. Traffic Industries Co's current Cyclically Adjusted PB Ratio of 1.87 is 48.4% 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 C.T.I. Traffic Industries Co and its competitors. For the Vehicles & Parts 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. C.T.I. Traffic Industries Co's current Cyclically Adjusted PB Ratio is 1.87, which is 66% below median its own 10-year median of 5.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C.T.I. Traffic Industries Co stock overvalued right now?
Based on GuruFocus' analysis, C.T.I. Traffic Industries Co (ROCO:2230) is currently considered Possible Value Trap. The stock's GF Value™ is NT$245.47, compared to a current price of NT$24.95 — trading 89.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.87, which is 66% below median its 10-year median of 5.44 and 48.4% above the Vehicles & Parts industry median of 1.26. C.T.I. Traffic Industries Co's overall GF Score™ is 58/100 with 7 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 C.T.I. Traffic Industries Co (ROCO:2230), the current Cyclically Adjusted PB Ratio is 1.87 as of Aug. 15, 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 C.T.I. Traffic Industries Co (ROCO:2230) Overvalued in 2026?

Based on GuruFocus' analysis, C.T.I. Traffic Industries Co stock appears to be undervalued. The current stock price of NT$24.95 is trading 89.8% below its estimated GF Value™ of NT$245.47. GuruFocus considers C.T.I. Traffic Industries Co to be Possible Value Trap.

Key valuation signals for ROCO:2230:

  • Cyclically Adjusted PB Ratio: 1.87 (66% below median its 10-year median of 5.44)
  • GF Value™: NT$245.47 vs. price of NT$24.95 (89.8% below fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 48.4% above the Vehicles & Parts median (#626 of 982)

No single metric tells the full story. See the ROCO:2230 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


C.T.I. Traffic Industries Co Business Description

Address No. 10, Shijian Street, Second Town, Guantian District, Tainan, TWN
C.T.I. Traffic Industries Co Ltd is an engine parts manufacturer in Taiwan. It produces piston rings, oil rings, installers of piston rings, and supplies piston kits, engine valves, oil seals, valve seals, engine gasket components, and automotive timing kits.
58GF Score

Get the complete analysis for ROCO:2230

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

NT$24.95
Price
NT$245.47
GF Value