Bedding World Co (ROCO:2938) Cyclically Adjusted PB Ratio: 0.78 (As of Aug. 18, 2026) — 50% Below Median

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ROCO:2938 Bedding World Co Ltd ROCO:2938
70 GF Score
Price NT$25.00
GF Value NT$31.83
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Bedding World Co Cyclically Adjusted PB Ratio?

Bedding World Co ROCO:2938 -0.40% 70 Cyclically Adjusted PB Ratio is 0.78 as of Aug. 18, 2026, which is 50% below its 10-year median of 1.55. GuruFocus rates ROCO:2938 with a GF Score™ of 70/100 and a GF Value™ of NT$31.83 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 324 Furnishings, Fixtures & Appliances companies, Bedding World Co ranks better than 62.96% on this metric.

As of today (2026-08-18), Bedding World Co's current share price is NT$25.00. Bedding World Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was NT$31.93. Bedding World Co's Cyclically Adjusted PB Ratio for today is 0.78.

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

ROCO:2938' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.71   Med: 1.55   Max: 2.19
Current: 0.79

During the past 13 years, Bedding World Co's highest Cyclically Adjusted PB Ratio was 2.19. The lowest was 0.71. And the median was 1.55.

ROCO:2938's Cyclically Adjusted PB Ratio is ranked better than
62.96% of 324 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.185 vs ROCO:2938: 0.79

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.

Bedding World Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was NT$33.926. 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$31.93 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bedding World Co  (ROCO:2938) 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.


Bedding World Co Cyclically Adjusted PB Ratio Related Terms


Bedding World Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bedding World 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.

Bedding World Co Cyclically Adjusted PB Ratio Chart

Bedding World 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 0.00 1.75 1.54 1.27 0.76

Bedding World Co Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.00 1.27 0.00 0.76 0.00

ROCO:2938 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Bedding World 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.


Bedding World Co Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bedding World Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:2938
70GF Score
Bedding World Co Ltd ROCO:2938
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bedding World 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.00/31.93
=0.78

* 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.

Bedding World Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Bedding World Co's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=33.926/324.0540*324.0540
=33.926

Current CPI (Dec25) = 324.0540.

Bedding World Co Annual Data

Book Value per Share CPI Adj_Book
201612 17.898 241.432 24.023
201712 21.060 246.524 27.683
201812 23.020 251.233 29.692
201912 24.450 256.974 30.832
202012 26.557 260.474 33.039
202112 29.757 278.802 34.587
202212 32.099 296.797 35.047
202312 32.846 306.746 34.699
202412 34.836 315.605 35.769
202512 33.926 324.054 33.926

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 0.78 mean?
Bedding World Co (ROCO:2938) has a Cyclically Adjusted PB Ratio of 0.78 as of Aug. 18, 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 Bedding World Co and its competitors. This is 50% below median its historical median of 1.55. Over the past decade, Bedding World Co's Cyclically Adjusted PB Ratio has ranged from 0.71 to 2.19. According to the industry distribution chart, Bedding World Co ranks #120 out of 324 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 37%.
Is Bedding World Co's Cyclically Adjusted PB Ratio too high?
Bedding World Co's current Cyclically Adjusted PB Ratio of 0.78 is 50% below median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 2.19. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.19. Bedding World Co's value of 0.78 is 34.2% below this industry median. Based on the distribution chart, Bedding World Co ranks #120 out of 324 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Bedding World Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bedding World Co's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Bedding World Co ranks #120 out of 324 companies for Cyclically Adjusted PB Ratio. This puts Bedding World Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.19. Bedding World Co's value of 0.78 is 34.2% below this benchmark. Historically, Bedding World Co's own Cyclically Adjusted PB Ratio has ranged from 0.71 to 2.19 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 1.19, Bedding World Co 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.19, based on 324 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. Bedding World Co's current Cyclically Adjusted PB Ratio of 0.78 is 34.2% 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 Bedding World Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bedding World Co's current Cyclically Adjusted PB Ratio is 0.78, which is 50% below median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bedding World Co stock overvalued right now?
Based on GuruFocus' analysis, Bedding World Co (ROCO:2938) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$31.83, compared to a current price of NT$25.00 — trading 21.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.78, which is 50% below median its 10-year median of 1.55 and 34.2% below the Furnishings, Fixtures & Appliances industry median of 1.19. Bedding World Co's overall GF Score™ is 70/100 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 Bedding World Co (ROCO:2938), the current Cyclically Adjusted PB Ratio is 0.78 as of Aug. 18, 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 Bedding World Co (ROCO:2938) Overvalued in 2026?

Based on GuruFocus' analysis, Bedding World Co stock appears to be undervalued. The current stock price of NT$25.00 is trading 21.5% below its estimated GF Value™ of NT$31.83. GuruFocus considers Bedding World Co to be Modestly Undervalued.

Key valuation signals for ROCO:2938:

  • Cyclically Adjusted PB Ratio: 0.78 (50% below median its 10-year median of 1.55)
  • GF Value™: NT$31.83 vs. price of NT$25.00 (21.5% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 34.2% below the Furnishings, Fixtures & Appliances median (#120 of 324)

No single metric tells the full story. See the ROCO:2938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bedding World Co Business Description

Address Number 88, Sec. 1, Jiuzong Road, Neihu District, Taipei City, TWN
Bedding World Co Ltd is a Taiwan based company mainly engaged in manufacturing of a variety of beds. The company's product offerings include Classic bed, National mattress, Grand Canyon, Statue of Liberty, Harvard and other brands of beds and other related stuff.
70GF Score

Get the complete analysis for ROCO:2938

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

NT$25.00
Price
NT$31.83
GF Value