Ezfly International Travel Agent Co (ROCO:2734) Cyclically Adjusted PB Ratio: 1.34 (As of Sep. 03, 2026) — 36% Below Median

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ROCO:2734 Ezfly International Travel Agent Co Ltd ROCO:2734
69 GF Score
Price NT$14.90
GF Value NT$22.04
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Ezfly International Travel Agent Co Cyclically Adjusted PB Ratio?

Ezfly International Travel Agent Co ROCO:2734 -0.33% 69 Cyclically Adjusted PB Ratio is 1.34 as of Sep. 03, 2026, which is 36% below its 10-year median of 2.11. GuruFocus rates ROCO:2734 with a GF Score™ of 69/100 and a GF Value™ of NT$22.04 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 600 Travel & Leisure companies, Ezfly International Travel Agent Co ranks worse than 53.67% on this metric.

As of today (2026-09-03), Ezfly International Travel Agent Co's current share price is NT$14.90. Ezfly International Travel Agent Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$11.16. Ezfly International Travel Agent Co's Cyclically Adjusted PB Ratio for today is 1.34.

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

ROCO:2734' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 2.11   Max: 4.98
Current: 1.33

During the past years, Ezfly International Travel Agent Co's highest Cyclically Adjusted PB Ratio was 4.98. The lowest was 1.29. And the median was 2.11.

ROCO:2734's Cyclically Adjusted PB Ratio is ranked worse than
53.67% of 600 companies
in the Travel & Leisure industry
Industry Median: 1.175 vs ROCO:2734: 1.33

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.

Ezfly International Travel Agent Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$11.423. 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$11.16 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ezfly International Travel Agent Co  (ROCO:2734) 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.


Ezfly International Travel Agent Co Cyclically Adjusted PB Ratio Related Terms


Ezfly International Travel Agent Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ezfly International Travel Agent 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.

Ezfly International Travel Agent Co Cyclically Adjusted PB Ratio Chart

Ezfly International Travel Agent 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 1.71 2.02 3.37 2.17 1.63

Ezfly International Travel Agent 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 1.86 1.71 1.63 1.40 1.38

ROCO:2734 vs BKNG, ABNB, RCL: Cyclically Adjusted PB Ratio Comparison

For the Travel Services subindustry, Ezfly International Travel Agent 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.


Ezfly International Travel Agent Co Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

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

* The bar in red indicates where Ezfly International Travel Agent Co's Cyclically Adjusted PB Ratio falls into.


ROCO:2734
69GF Score
Ezfly International Travel Agent Co Ltd ROCO:2734
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ezfly International Travel Agent 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.

Ezfly International Travel Agent Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.90/11.16
=1.34

* 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.

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

For example, Ezfly International Travel Agent 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)
=11.423/333.9520*333.9520
=11.423

Current CPI (Jun. 2026) = 333.9520.

Ezfly International Travel Agent Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.384 241.428 21.280
201612 14.110 241.432 19.517
201703 14.224 243.801 19.484
201706 14.141 244.955 19.279
201709 13.611 246.819 18.416
201712 11.783 246.524 15.962
201803 11.846 249.554 15.852
201806 11.459 251.989 15.186
201809 10.578 252.439 13.994
201812 9.442 251.233 12.551
201903 9.526 254.202 12.515
201906 9.190 256.143 11.982
201909 8.646 256.759 11.245
201912 8.076 256.974 10.495
202003 7.229 258.115 9.353
202006 6.448 257.797 8.353
202009 6.043 260.280 7.753
202012 5.837 260.474 7.484
202103 5.412 264.877 6.823
202106 5.394 271.696 6.630
202109 5.087 274.310 6.193
202112 5.830 278.802 6.983
202203 5.327 287.504 6.188
202206 5.404 296.311 6.090
202209 5.428 296.808 6.107
202212 6.485 296.797 7.297
202303 6.594 301.836 7.296
202306 7.274 305.109 7.962
202309 7.444 307.789 8.077
202312 7.199 306.746 7.837
202403 7.296 312.332 7.801
202406 8.779 314.175 9.332
202409 8.906 315.301 9.433
202412 12.697 315.605 13.435
202503 12.362 319.799 12.909
202506 12.071 322.561 12.497
202509 11.589 324.800 11.916
202512 11.404 324.054 11.752
202603 11.578 330.213 11.709
202606 11.423 333.952 11.423

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 1.34 mean?
Ezfly International Travel Agent Co (ROCO:2734) has a Cyclically Adjusted PB Ratio of 1.34 as of Sep. 03, 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 Ezfly International Travel Agent Co and its competitors. This is 36% below median its historical median of 2.11. Over the past decade, Ezfly International Travel Agent Co's Cyclically Adjusted PB Ratio has ranged from 1.29 to 4.98. According to the industry distribution chart, Ezfly International Travel Agent Co ranks #322 out of 600 companies in the Travel & Leisure industry, placing it in the top 53.7%.
Is Ezfly International Travel Agent Co's Cyclically Adjusted PB Ratio too high?
Ezfly International Travel Agent Co's current Cyclically Adjusted PB Ratio of 1.34 is 36% below median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 4.98. The Travel & Leisure industry median Cyclically Adjusted PB Ratio is 1.18. Ezfly International Travel Agent Co's value of 1.34 is 14% above this industry median. Based on the distribution chart, Ezfly International Travel Agent Co ranks #322 out of 600 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Ezfly International Travel Agent Co has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ezfly International Travel Agent Co's Cyclically Adjusted PB Ratio compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Ezfly International Travel Agent Co ranks #322 out of 600 companies for Cyclically Adjusted PB Ratio. This places Ezfly International Travel Agent Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.18. Ezfly International Travel Agent Co's value of 1.34 is 14% above this benchmark. Historically, Ezfly International Travel Agent Co's own Cyclically Adjusted PB Ratio has ranged from 1.29 to 4.98 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 1.18, Ezfly International Travel Agent 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 Travel & Leisure company?
The median Cyclically Adjusted PB Ratio among Travel & Leisure companies is 1.18, 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. Ezfly International Travel Agent Co's current Cyclically Adjusted PB Ratio of 1.34 is 14% 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 Ezfly International Travel Agent Co and its competitors. For the Travel & Leisure industry, the median Cyclically Adjusted PB Ratio is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ezfly International Travel Agent Co's current Cyclically Adjusted PB Ratio is 1.34, which is 36% below median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ezfly International Travel Agent Co stock overvalued right now?
Based on GuruFocus' analysis, Ezfly International Travel Agent Co (ROCO:2734) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$22.04, compared to a current price of NT$14.90 — trading 32.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.34, which is 36% below median its 10-year median of 2.11 and 14% above the Travel & Leisure industry median of 1.18. Ezfly International Travel Agent Co's overall GF Score™ is 69/100 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 Ezfly International Travel Agent Co (ROCO:2734), the current Cyclically Adjusted PB Ratio is 1.34 as of Sep. 03, 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 Ezfly International Travel Agent Co (ROCO:2734) Overvalued in 2026?

Based on GuruFocus' analysis, Ezfly International Travel Agent Co stock appears to be undervalued. The current stock price of NT$14.90 is trading 32.4% below its estimated GF Value™ of NT$22.04. GuruFocus considers Ezfly International Travel Agent Co to be Significantly Undervalued.

Key valuation signals for ROCO:2734:

  • Cyclically Adjusted PB Ratio: 1.34 (36% below median its 10-year median of 2.11)
  • GF Value™: NT$22.04 vs. price of NT$14.90 (32.4% below fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 14% above the Travel & Leisure median (#322 of 600)

No single metric tells the full story. See the ROCO:2734 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ezfly International Travel Agent Co Business Description

Address 2F-1, No.51, Hengyang Road, Zhongzheng District, Taipei, TWN
Ezfly International Travel Agent Co Ltd provides online ticket booking services. The company provides travellers to plan and book airline tickets, hotel reservations, car rentals, cruises, vacation packages, and in-destination services through the company's website.
69GF Score

Get the complete analysis for ROCO:2734

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

NT$14.90
Price
NT$22.04
GF Value