TSG Star Travel (ROCO:2719) Cyclically Adjusted PB Ratio: 0.98 (As of Sep. 12, 2026) — 16% Below Median

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ROCO:2719 TSG Star Travel Corp ROCO:2719
46 GF Score
Price NT$19.40
! 2 Warning Signs
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What is TSG Star Travel Cyclically Adjusted PB Ratio?

TSG Star Travel ROCO:2719 +0.26% 46 Cyclically Adjusted PB Ratio is 0.98 as of Sep. 12, 2026, which is 16% below its 10-year median of 1.17. GuruFocus rates ROCO:2719 with a GF Score™ of 46/100. The stock has 2 warning signs investors should review. Among 600 Travel & Leisure companies, TSG Star Travel ranks better than 55.83% on this metric.

As of today (2026-09-12), TSG Star Travel's current share price is NT$19.40. TSG Star Travel's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$19.83. TSG Star Travel's Cyclically Adjusted PB Ratio for today is 0.98.

The historical rank and industry rank for TSG Star Travel's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:2719' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 1.17   Max: 2.75
Current: 0.98

During the past years, TSG Star Travel's highest Cyclically Adjusted PB Ratio was 2.75. The lowest was 0.26. And the median was 1.17.

ROCO:2719's Cyclically Adjusted PB Ratio is ranked better than
55.83% of 600 companies
in the Travel & Leisure industry
Industry Median: 1.14 vs ROCO:2719: 0.98

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.

TSG Star Travel's adjusted book value per share data for the three months ended in Jun. 2026 was NT$10.776. 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$19.83 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TSG Star Travel  (ROCO:2719) 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.


TSG Star Travel Cyclically Adjusted PB Ratio Related Terms


TSG Star Travel Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TSG Star Travel'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.

TSG Star Travel Cyclically Adjusted PB Ratio Chart

TSG Star Travel 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 0.51 0.80 1.80 1.55 1.33

TSG Star Travel 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 1.65 1.46 1.33 1.24 1.22

ROCO:2719 vs BKNG, ABNB, RCL: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, TSG Star Travel'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.


TSG Star Travel Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TSG Star Travel's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where TSG Star Travel's Cyclically Adjusted PB Ratio falls into.


ROCO:2719
46GF Score
TSG Star Travel Corp ROCO:2719
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSG Star Travel 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.

TSG Star Travel's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.40/19.83
=0.98

* 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.

TSG Star Travel's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, TSG Star Travel'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)
=10.776/333.9520*333.9520
=10.776

Current CPI (Jun. 2026) = 333.9520.

TSG Star Travel Quarterly Data

Book Value per Share CPI Adj_Book
201609 54.301 241.428 75.111
201612 49.732 241.432 68.790
201703 47.579 243.801 65.172
201706 42.882 244.955 58.462
201709 37.946 246.819 51.342
201712 35.123 246.524 47.579
201803 30.215 249.554 40.434
201806 29.912 251.989 39.641
201809 27.514 252.439 36.398
201812 22.100 251.233 29.376
201903 19.260 254.202 25.302
201906 17.963 256.143 23.420
201909 13.780 256.759 17.923
201912 9.413 256.974 12.233
202003 5.886 258.115 7.615
202006 3.234 257.797 4.189
202009 4.890 260.280 6.274
202012 4.029 260.474 5.166
202103 3.162 264.877 3.987
202106 3.439 271.696 4.227
202109 2.861 274.310 3.483
202112 2.681 278.802 3.211
202203 2.244 287.504 2.607
202206 1.707 296.311 1.924
202209 7.550 296.808 8.495
202212 7.387 296.797 8.312
202303 7.421 301.836 8.211
202306 7.350 305.109 8.045
202309 7.602 307.789 8.248
202312 8.998 306.746 9.796
202403 9.429 312.332 10.082
202406 10.889 314.175 11.574
202409 10.983 315.301 11.633
202412 10.327 315.605 10.927
202503 10.488 319.799 10.952
202506 10.063 322.561 10.418
202509 9.917 324.800 10.196
202512 10.226 324.054 10.538
202603 10.986 330.213 11.110
202606 10.776 333.952 10.776

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 0.98 mean?
TSG Star Travel (ROCO:2719) has a Cyclically Adjusted PB Ratio of 0.98 as of Sep. 12, 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 TSG Star Travel and its competitors. This is 16% below median its historical median of 1.17. Over the past decade, TSG Star Travel's Cyclically Adjusted PB Ratio has ranged from 0.26 to 2.75. According to the industry distribution chart, TSG Star Travel ranks #265 out of 600 companies in the Travel & Leisure industry, placing it in the top 44.2%.
Is TSG Star Travel's Cyclically Adjusted PB Ratio too high?
TSG Star Travel's current Cyclically Adjusted PB Ratio of 0.98 is 16% below median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 2.75. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.14. TSG Star Travel's value of 0.98 is 14% below this industry median. Based on the distribution chart, TSG Star Travel ranks #265 out of 600 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, TSG Star Travel has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does TSG Star Travel's Cyclically Adjusted PB Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, TSG Star Travel ranks #265 out of 600 companies for Cyclically Adjusted PB Ratio. This puts TSG Star Travel in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. TSG Star Travel's value of 0.98 is 14% below this benchmark. Historically, TSG Star Travel's own Cyclically Adjusted PB Ratio has ranged from 0.26 to 2.75 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 1.14, TSG Star Travel 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.14, based on 600 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. TSG Star Travel's current Cyclically Adjusted PB Ratio of 0.98 is 14% 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 TSG Star Travel and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSG Star Travel's current Cyclically Adjusted PB Ratio is 0.98, which is 16% below median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSG Star Travel stock overvalued right now?
TSG Star Travel (ROCO:2719) has a current Cyclically Adjusted PB Ratio of 0.98. The current Cyclically Adjusted PB Ratio is 0.98, which is 16% below median its 10-year median of 1.17 and 14% below the Travel & Leisure industry median of 1.14. TSG Star Travel's overall GF Score™ is 46/100 with 2 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 TSG Star Travel (ROCO:2719), the current Cyclically Adjusted PB Ratio is 0.98 as of Sep. 12, 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.

TSG Star Travel Business Description

Address Minsheng East Road, 7th Floor, No. 161, 163, Section 2, Zhongshan District, Taipei, TWN
TSG Star Travel Corp is engaged in the provision of travel agency services. The group operates business only in a single industry relating to travel services.
46GF Score

Get the complete analysis for ROCO:2719

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

NT$19.40
Price