Taiwan Benefit Co (ROCO:3379) Cyclically Adjusted PB Ratio: 1.86 (As of Aug. 11, 2026) — 127% Above Median

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Director of Data and Quant Analytics at GuruFocus
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ROCO:3379 Taiwan Benefit Co ROCO:3379
51 GF Score
Price NT$30.40
GF Value NT$69.13
Valuation Possible Value Trap
! 3 Warning Signs
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What is Taiwan Benefit Co Cyclically Adjusted PB Ratio?

Taiwan Benefit Co ROCO:3379 +1.50% 51 Cyclically Adjusted PB Ratio is 1.86 as of Aug. 11, 2026, which is 127% above its 10-year median of 0.82. GuruFocus rates ROCO:3379 with a GF Score™ of 51/100 and a GF Value™ of NT$69.13 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,242 Industrial Products companies, Taiwan Benefit Co ranks better than 56.47% on this metric.

As of today (2026-08-11), Taiwan Benefit Co's current share price is NT$30.40. Taiwan Benefit Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$16.32. Taiwan Benefit Co's Cyclically Adjusted PB Ratio for today is 1.86.

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

ROCO:3379' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.49   Med: 0.82   Max: 4.77
Current: 1.84

During the past years, Taiwan Benefit Co's highest Cyclically Adjusted PB Ratio was 4.77. The lowest was 0.49. And the median was 0.82.

ROCO:3379's Cyclically Adjusted PB Ratio is ranked better than
56.47% of 2242 companies
in the Industrial Products industry
Industry Median: 2.195 vs ROCO:3379: 1.84

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.

Taiwan Benefit Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$16.465. 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$16.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Benefit Co  (ROCO:3379) 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.


Taiwan Benefit Co Cyclically Adjusted PB Ratio Related Terms


Taiwan Benefit Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Taiwan Benefit 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.

Taiwan Benefit Co Cyclically Adjusted PB Ratio Chart

Taiwan Benefit 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 0.77 0.71 0.96 2.28 3.04

Taiwan Benefit Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.42 4.49 3.48 3.04 2.24

ROCO:3379 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Taiwan Benefit 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.


Taiwan Benefit Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Taiwan Benefit Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:3379
51GF Score
Taiwan Benefit Co ROCO:3379
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Benefit 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.40/16.32
=1.86

* 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.

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

For example, Taiwan Benefit Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=16.465/330.2130*330.2130
=16.465

Current CPI (Mar. 2026) = 330.2130.

Taiwan Benefit Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.139 241.018 20.742
201609 14.157 241.428 19.363
201612 15.116 241.432 20.675
201703 14.106 243.801 19.106
201706 13.846 244.955 18.665
201709 13.240 246.819 17.713
201712 14.733 246.524 19.735
201803 13.636 249.554 18.043
201806 13.116 251.989 17.188
201809 12.342 252.439 16.144
201812 13.127 251.233 17.254
201903 12.888 254.202 16.742
201906 12.400 256.143 15.986
201909 12.085 256.759 15.542
201912 11.751 256.974 15.100
202003 10.905 258.115 13.951
202006 12.797 257.797 16.392
202009 12.633 260.280 16.027
202012 12.299 260.474 15.592
202103 12.297 264.877 15.330
202106 11.903 271.696 14.467
202109 11.337 274.310 13.647
202112 12.396 278.802 14.682
202203 12.533 287.504 14.395
202206 12.022 296.311 13.397
202209 12.103 296.808 13.465
202212 12.176 296.797 13.547
202303 12.923 301.836 14.138
202306 13.747 305.109 14.878
202309 13.811 307.789 14.817
202312 15.796 306.746 17.004
202403 15.938 312.332 16.850
202406 15.542 314.175 16.335
202409 15.560 315.301 16.296
202412 16.384 315.605 17.142
202503 15.534 319.799 16.040
202506 15.087 322.561 15.445
202509 15.846 324.800 16.110
202512 17.869 324.054 18.209
202603 16.465 330.213 16.465

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 1.86 mean?
Taiwan Benefit Co (ROCO:3379) has a Cyclically Adjusted PB Ratio of 1.86 as of Aug. 11, 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 Taiwan Benefit Co and its competitors. This is 127% above median its historical median of 0.82. Over the past decade, Taiwan Benefit Co's Cyclically Adjusted PB Ratio has ranged from 0.49 to 4.77. According to the industry distribution chart, Taiwan Benefit Co ranks #976 out of 2242 companies in the Industrial Products industry, placing it in the top 43.5%.
Is Taiwan Benefit Co's Cyclically Adjusted PB Ratio too high?
Taiwan Benefit Co's current Cyclically Adjusted PB Ratio of 1.86 is 127% above median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 4.77. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.20. Taiwan Benefit Co's value of 1.86 is 15.3% below this industry median. Based on the distribution chart, Taiwan Benefit Co ranks #976 out of 2242 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Taiwan Benefit Co has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Benefit Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Taiwan Benefit Co ranks #976 out of 2242 companies for Cyclically Adjusted PB Ratio. This puts Taiwan Benefit Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.20. Taiwan Benefit Co's value of 1.86 is 15.3% below this benchmark. Historically, Taiwan Benefit Co's own Cyclically Adjusted PB Ratio has ranged from 0.49 to 4.77 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 2.20, Taiwan Benefit 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.20, based on 2,242 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. Taiwan Benefit Co's current Cyclically Adjusted PB Ratio of 1.86 is 15.3% 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 Taiwan Benefit Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Benefit Co's current Cyclically Adjusted PB Ratio is 1.86, which is 127% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Benefit Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Benefit Co (ROCO:3379) is currently considered Possible Value Trap. The stock's GF Value™ is NT$69.13, compared to a current price of NT$30.40 — trading 56% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.86, which is 127% above median its 10-year median of 0.82 and 15.3% below the Industrial Products industry median of 2.20. Taiwan Benefit Co's overall GF Score™ is 51/100 with 3 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 Taiwan Benefit Co (ROCO:3379), the current Cyclically Adjusted PB Ratio is 1.86 as of Aug. 11, 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 Taiwan Benefit Co (ROCO:3379) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Benefit Co stock appears to be undervalued. The current stock price of NT$30.40 is trading 56% below its estimated GF Value™ of NT$69.13. GuruFocus considers Taiwan Benefit Co to be Possible Value Trap.

Key valuation signals for ROCO:3379:

  • Cyclically Adjusted PB Ratio: 1.86 (127% above median its 10-year median of 0.82)
  • GF Value™: NT$69.13 vs. price of NT$30.40 (56% below fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 15.3% below the Industrial Products median (#976 of 2242)

No single metric tells the full story. See the ROCO:3379 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Benefit Co Business Description

Address Ruiguang Road, 5th Floor, Building No. 2085, Neihu District, Taipei, TWN, 114
Taiwan Benefit Co manufactures and distributes processing and packaging production lines for the food and beverage industry. Its production equipment, includes tea extraction system, CIP system, Pasteurize System, Packaging Machine and Automatic palletizer, among others.
51GF Score

Get the complete analysis for ROCO:3379

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

NT$30.40
Price
NT$69.13
GF Value