TTFB Co (ROCO:2729) Cyclically Adjusted PB Ratio: 2.58 (As of Sep. 05, 2026) — 15% Below Median

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ROCO:2729 TTFB Co Ltd ROCO:2729
78 GF Score
Price NT$156.00
GF Value NT$192.96
Valuation Modestly Undervalued
! 7 Warning Signs
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What is TTFB Co Cyclically Adjusted PB Ratio?

TTFB Co ROCO:2729 +0.32% 78 Cyclically Adjusted PB Ratio is 2.58 as of Sep. 05, 2026, which is 15% below its 10-year median of 3.05. GuruFocus rates ROCO:2729 with a GF Score™ of 78/100 and a GF Value™ of NT$192.96 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 249 Restaurants companies, TTFB Co ranks worse than 62.25% on this metric.

As of today (2026-09-05), TTFB Co's current share price is NT$156.00. TTFB Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$60.53. TTFB Co's Cyclically Adjusted PB Ratio for today is 2.58.

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

ROCO:2729' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.21   Med: 3.05   Max: 4.4
Current: 2.57

During the past years, TTFB Co's highest Cyclically Adjusted PB Ratio was 4.40. The lowest was 2.21. And the median was 3.05.

ROCO:2729's Cyclically Adjusted PB Ratio is ranked worse than
62.25% of 249 companies
in the Restaurants industry
Industry Median: 1.77 vs ROCO:2729: 2.57

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.

TTFB Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$53.195. 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$60.53 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TTFB Co  (ROCO:2729) 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.


TTFB Co Cyclically Adjusted PB Ratio Related Terms


TTFB Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TTFB 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.

TTFB Co Cyclically Adjusted PB Ratio Chart

TTFB 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 2.43 2.77 3.51 3.24 3.00

TTFB 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 3.22 3.19 3.00 2.84 2.65

ROCO:2729 vs MCD, SBUX, CMG: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, TTFB 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.


TTFB Co Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, TTFB Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:2729
78GF Score
TTFB Co Ltd ROCO:2729
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TTFB 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.

TTFB Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=156.00/60.53
=2.58

* 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.

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

For example, TTFB 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)
=53.195/333.9520*333.9520
=53.195

Current CPI (Jun. 2026) = 333.9520.

TTFB Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 43.190 241.428 59.742
201612 44.188 241.432 61.121
201703 46.035 243.801 63.057
201706 41.782 244.955 56.962
201709 44.099 246.819 59.667
201712 45.499 246.524 61.635
201803 47.729 249.554 63.871
201806 43.089 251.989 57.104
201809 45.633 252.439 60.368
201812 46.796 251.233 62.204
201903 49.503 254.202 65.033
201906 44.089 256.143 57.482
201909 46.619 256.759 60.635
201912 49.573 256.974 64.423
202003 50.215 258.115 64.969
202006 45.899 257.797 59.458
202009 49.719 260.280 63.792
202012 51.622 260.474 66.184
202103 54.748 264.877 69.025
202106 54.162 271.696 66.573
202109 45.633 274.310 55.555
202112 47.518 278.802 56.918
202203 49.151 287.504 57.092
202206 44.686 296.311 50.363
202209 47.763 296.808 53.740
202212 50.479 296.797 56.798
202303 53.951 301.836 59.692
202306 54.390 305.109 59.532
202309 58.323 307.789 63.281
202312 59.363 306.746 64.628
202403 61.517 312.332 65.775
202406 55.434 314.175 58.924
202409 58.076 315.301 61.511
202412 59.558 315.605 63.020
202503 61.905 319.799 64.645
202506 54.093 322.561 56.003
202509 56.770 324.800 58.370
202512 57.316 324.054 59.067
202603 59.075 330.213 59.744
202606 53.195 333.952 53.195

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 2.58 mean?
TTFB Co (ROCO:2729) has a Cyclically Adjusted PB Ratio of 2.58 as of Sep. 05, 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 TTFB Co and its competitors. This is 15% below median its historical median of 3.05. Over the past decade, TTFB Co's Cyclically Adjusted PB Ratio has ranged from 2.21 to 4.40. According to the industry distribution chart, TTFB Co ranks #155 out of 249 companies in the Restaurants industry, placing it in the top 62.2%.
Is TTFB Co's Cyclically Adjusted PB Ratio too high?
TTFB Co's current Cyclically Adjusted PB Ratio of 2.58 is 15% below median its 10-year median of 3.05. Over the past 10 years, this metric has ranged from a low of 2.21 to a high of 4.40. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.77. TTFB Co's value of 2.58 is 45.8% above this industry median. Based on the distribution chart, TTFB Co ranks #155 out of 249 companies in the Restaurants industry, which is below the industry midpoint. Overall, TTFB Co has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TTFB Co's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, TTFB Co ranks #155 out of 249 companies for Cyclically Adjusted PB Ratio. This places TTFB Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.77. TTFB Co's value of 2.58 is 45.8% above this benchmark. Historically, TTFB Co's own Cyclically Adjusted PB Ratio has ranged from 2.21 to 4.40 over the past decade. While the company's 10-year median is 3.05 vs. the industry median of 1.77, TTFB 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.77, based on 249 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. TTFB Co's current Cyclically Adjusted PB Ratio of 2.58 is 45.8% 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 TTFB Co and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TTFB Co's current Cyclically Adjusted PB Ratio is 2.58, which is 15% below median its own 10-year median of 3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TTFB Co stock overvalued right now?
Based on GuruFocus' analysis, TTFB Co (ROCO:2729) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$192.96, compared to a current price of NT$156.00 — trading 19.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.58, which is 15% below median its 10-year median of 3.05 and 45.8% above the Restaurants industry median of 1.77. TTFB Co's overall GF Score™ is 78/100 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 TTFB Co (ROCO:2729), the current Cyclically Adjusted PB Ratio is 2.58 as of Sep. 05, 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 TTFB Co (ROCO:2729) Overvalued in 2026?

Based on GuruFocus' analysis, TTFB Co stock appears to be undervalued. The current stock price of NT$156.00 is trading 19.2% below its estimated GF Value™ of NT$192.96. GuruFocus considers TTFB Co to be Modestly Undervalued.

Key valuation signals for ROCO:2729:

  • Cyclically Adjusted PB Ratio: 2.58 (15% below median its 10-year median of 3.05)
  • GF Value™: NT$192.96 vs. price of NT$156.00 (19.2% below fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 45.8% above the Restaurants median (#155 of 249)

No single metric tells the full story. See the ROCO:2729 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TTFB Co Business Description

Address Jianyi Road, 7th Floor - 1, No. 176, Zhonghe District, New Taipei City, TWN, 235
TTFB Co Ltd is engaged in the operation of the oriental food chain restaurant. The operates restaurants under different brands, which are Thai Town Cuisine, VeryThai Restaurant, SHANN Rice Bar, 1010 Hunan Cuisine, SHANN SHANN, YABI, BHEART Noodles, BO BO TTFB, and the Diner. The company's operating segments are reported as Taiwan, which derives maximum revenue from the Catering business segment, and Mainland China.
78GF Score

Get the complete analysis for ROCO:2729

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

NT$156.00
Price
NT$192.96
GF Value