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Munsin GarmentROCO:2916 -0.86%78 Cyclically Adjusted PB Ratio is 1.91 as of Aug. 19, 2026, which is 19% above its 10-year median of 1.61. GuruFocus rates ROCO:2916 with a GF Score™ of 78/100 and a GF Value™ of NT$46.66 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 791 Manufacturing - Apparel & Accessories companies, Munsin Garment ranks worse than 73.07% on this metric.
The historical rank and industry rank for Munsin Garment's Cyclically Adjusted PB Ratio or its related term are showing as below:
ROCO:2916'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.61 Max: 3.24
Current: 1.91
During the past years, Munsin Garment's highest Cyclically Adjusted PB Ratio was 3.24. The lowest was 0.87. And the median was 1.61.
ROCO:2916's Cyclically Adjusted PB Ratio is ranked worse than 73.07% of 791
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.97
vs ROCO:2916: 1.91
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.
Munsin Garment's adjusted book value per share data for the three months ended in Jun. 2026 was NT$23.817. 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$20.98 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Munsin Garment (ROCO:2916) 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.
Munsin Garment Cyclically Adjusted PB Ratio Related Terms
Munsin Garment Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Munsin Garment'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.
ROCO:2916 vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison
For the Apparel Manufacturing subindustry, Munsin Garment'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.
Munsin Garment Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Munsin Garment's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Munsin Garment's Cyclically Adjusted PB Ratio falls into.
Munsin Garment 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.
Munsin Garment's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.91 mean?
Munsin Garment (ROCO:2916) has a Cyclically Adjusted PB Ratio of 1.91 as of Aug. 19, 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 Munsin Garment and its competitors. This is 19% above median its historical median of 1.61. Over the past decade, Munsin Garment's Cyclically Adjusted PB Ratio has ranged from 0.87 to 3.24. According to the industry distribution chart, Munsin Garment ranks #578 out of 791 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 73.1%.
Is Munsin Garment's Cyclically Adjusted PB Ratio too high?
Munsin Garment's current Cyclically Adjusted PB Ratio of 1.91 is 19% above median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 3.24. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.97. Munsin Garment's value of 1.91 is 96.9% above this industry median. Based on the distribution chart, Munsin Garment ranks #578 out of 791 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Munsin Garment has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Munsin Garment's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Munsin Garment ranks #578 out of 791 companies for Cyclically Adjusted PB Ratio. This places Munsin Garment in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Munsin Garment's value of 1.91 is 96.9% above this benchmark. Historically, Munsin Garment's own Cyclically Adjusted PB Ratio has ranged from 0.87 to 3.24 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 0.97, Munsin Garment 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.97, based on 791 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. Munsin Garment's current Cyclically Adjusted PB Ratio of 1.91 is 96.9% 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 Munsin Garment and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Munsin Garment's current Cyclically Adjusted PB Ratio is 1.91, which is 19% above median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Munsin Garment stock overvalued right now?
Based on GuruFocus' analysis, Munsin Garment (ROCO:2916) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$46.66, compared to a current price of NT$40.15 — trading 14% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.91, which is 19% above median its 10-year median of 1.61 and 96.9% above the Manufacturing - Apparel & Accessories industry median of 0.97. Munsin Garment's overall GF Score™ is 78/100 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 Munsin Garment (ROCO:2916), the current Cyclically Adjusted PB Ratio is 1.91 as of Aug. 19, 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 Munsin Garment (ROCO:2916) Overvalued in 2026?
Based on GuruFocus' analysis, Munsin Garment stock appears to be undervalued.
The current stock price of NT$40.15 is trading 14% below its estimated GF Value™ of NT$46.66.
GuruFocus considers Munsin Garment to be Modestly Undervalued.
Key valuation signals for ROCO:2916:
Cyclically Adjusted PB Ratio: 1.91 (19% above median its 10-year median of 1.61)
GF Value™: NT$46.66 vs. price of NT$40.15 (14% below fair value)
Industry Position: 96.9% above the Manufacturing - Apparel & Accessories median (#578 of 791)
No single metric tells the full story. See the ROCO:2916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Munsin Garment Corp is mainly engaged in the manufacturing and sale of various garments and knitwear; acting as a product distribution, bidding, and quoting agent for domestic and international brands; and the import and export trade operations related to these business activities. The company deals in men's and women's apparel products of various international brands, such as Munsingwear, Le Coq Sportif, Pou Dou Dou, Eminento, Nara CamiCie, Hazzy, and others. Geographically, all of its revenue is derived from Taiwan.
78GF Score
Get the complete analysis for ROCO:2916
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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