Toplus Global Co (ROCO:3522) Cyclically Adjusted PB Ratio: 0.51 (As of Aug. 12, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:3522 Toplus Global Co Ltd ROCO:3522
46 GF Score
Price NT$11.70
GF Value NT$16.35
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Toplus Global Co Cyclically Adjusted PB Ratio?

Toplus Global Co ROCO:3522 -0.43% 46 Cyclically Adjusted PB Ratio is 0.51 as of Aug. 12, 2026, which is 6% below its 10-year median of 0.54. GuruFocus rates ROCO:3522 with a GF Score™ of 46/100 and a GF Value™ of NT$16.35 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 254 Restaurants companies, Toplus Global Co ranks better than 80.71% on this metric.

As of today (2026-08-12), Toplus Global Co's current share price is NT$11.70. Toplus Global Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$22.72. Toplus Global Co's Cyclically Adjusted PB Ratio for today is 0.51.

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

ROCO:3522' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.54   Max: 1.01
Current: 0.52

During the past years, Toplus Global Co's highest Cyclically Adjusted PB Ratio was 1.01. The lowest was 0.27. And the median was 0.54.

ROCO:3522's Cyclically Adjusted PB Ratio is ranked better than
80.71% of 254 companies
in the Restaurants industry
Industry Median: 1.8 vs ROCO:3522: 0.52

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.

Toplus Global Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$7.693. 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$22.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toplus Global Co  (ROCO:3522) 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.


Toplus Global Co Cyclically Adjusted PB Ratio Related Terms


Toplus Global Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Toplus Global 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.

Toplus Global Co Cyclically Adjusted PB Ratio Chart

Toplus Global 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 0.46 0.29 0.72 0.89 0.81

Toplus Global 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 0.67 0.55 0.59 0.81 0.55

ROCO:3522 vs MCD, SBUX, YUM: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Toplus Global 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.


Toplus Global Co Cyclically Adjusted PB Ratio vs Restaurants Industry

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

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


ROCO:3522
46GF Score
Toplus Global Co Ltd ROCO:3522
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toplus Global 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.70/22.72
=0.51

* 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.

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

For example, Toplus Global 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)
=7.693/330.2130*330.2130
=7.693

Current CPI (Mar. 2026) = 330.2130.

Toplus Global Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 34.230 241.018 46.898
201609 31.523 241.428 43.116
201612 30.178 241.432 41.275
201703 29.655 243.801 40.166
201706 28.369 244.955 38.243
201709 30.129 246.819 40.309
201712 31.148 246.524 41.722
201803 31.125 249.554 41.185
201806 30.548 251.989 40.031
201809 28.928 252.439 37.840
201812 31.145 251.233 40.936
201903 31.919 254.202 41.463
201906 31.640 256.143 40.789
201909 29.696 256.759 38.191
201912 28.770 256.974 36.970
202003 27.469 258.115 35.142
202006 20.372 257.797 26.095
202009 18.925 260.280 24.010
202012 18.506 260.474 23.461
202103 17.795 264.877 22.184
202106 14.372 271.696 17.467
202109 11.248 274.310 13.540
202112 8.130 278.802 9.629
202203 8.868 287.504 10.185
202206 6.826 296.311 7.607
202209 5.528 296.808 6.150
202212 5.778 296.797 6.429
202303 5.857 301.836 6.408
202306 6.989 305.109 7.564
202309 6.158 307.789 6.607
202312 8.864 306.746 9.542
202403 9.163 312.332 9.688
202406 8.396 314.175 8.825
202409 7.690 315.301 8.054
202412 6.974 315.605 7.297
202503 7.769 319.799 8.022
202506 6.964 322.561 7.129
202509 5.412 324.800 5.502
202512 5.231 324.054 5.330
202603 7.693 330.213 7.693

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 0.51 mean?
Toplus Global Co (ROCO:3522) has a Cyclically Adjusted PB Ratio of 0.51 as of Aug. 12, 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 Toplus Global Co and its competitors. This is near median its historical median of 0.54. Over the past decade, Toplus Global Co's Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.01. According to the industry distribution chart, Toplus Global Co ranks #49 out of 254 companies in the Restaurants industry, placing it in the top 19.3%.
Is Toplus Global Co's Cyclically Adjusted PB Ratio too high?
Toplus Global Co's current Cyclically Adjusted PB Ratio of 0.51 is near median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.01. The Restaurants industry median Cyclically Adjusted PB Ratio is 1.80. Toplus Global Co's value of 0.51 is 71.7% below this industry median. Based on the distribution chart, Toplus Global Co ranks #49 out of 254 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Toplus Global Co has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Toplus Global Co's Cyclically Adjusted PB Ratio compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Toplus Global Co ranks #49 out of 254 companies for Cyclically Adjusted PB Ratio. This places Toplus Global Co in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.80. Toplus Global Co's value of 0.51 is 71.7% below this benchmark. Historically, Toplus Global Co's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.01 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 1.80, Toplus Global 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 Restaurants company?
The median Cyclically Adjusted PB Ratio among Restaurants companies is 1.80, based on 254 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. Toplus Global Co's current Cyclically Adjusted PB Ratio of 0.51 is 71.7% 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 Toplus Global Co and its competitors. For the Restaurants industry, the median Cyclically Adjusted PB Ratio is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toplus Global Co's current Cyclically Adjusted PB Ratio is 0.51, which is near median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toplus Global Co stock overvalued right now?
Based on GuruFocus' analysis, Toplus Global Co (ROCO:3522) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$16.35, compared to a current price of NT$11.70 — trading 28.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.51, which is near median its 10-year median of 0.54 and 71.7% below the Restaurants industry median of 1.80. Toplus Global Co's overall GF Score™ is 46/100 with 5 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 Toplus Global Co (ROCO:3522), the current Cyclically Adjusted PB Ratio is 0.51 as of Aug. 12, 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 Toplus Global Co (ROCO:3522) Overvalued in 2026?

Based on GuruFocus' analysis, Toplus Global Co stock appears to be undervalued. The current stock price of NT$11.70 is trading 28.4% below its estimated GF Value™ of NT$16.35. GuruFocus considers Toplus Global Co to be Modestly Undervalued.

Key valuation signals for ROCO:3522:

  • Cyclically Adjusted PB Ratio: 0.51 (near median its 10-year median of 0.54)
  • GF Value™: NT$16.35 vs. price of NT$11.70 (28.4% below fair value)
  • GF Score™: 46/100 with 5 warning signs
  • Industry Position: 71.7% below the Restaurants median (#49 of 254)

No single metric tells the full story. See the ROCO:3522 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toplus Global Co Business Description

Address No.216, Section 2, Zhongshan Road, 13th Floor, Sector 3, Zhonghe District, New Taipei City, TWN, 242
Toplus Global Co Ltd provides catering management services. The Company offers specialties, fast food products, desserts, drinks, and other related products. It also provides wedding services. It owns DingXian and AmazingHall. DingXian stores in Taipei, Taichung, and Kaohsiung. Amazing Hall contains wedding halls and a marine manor. Its segments are Catering segments and Other segments. The catering segment, which generated maximum revenue, is responsible for catering management and operations; and Other segments, are responsible for hotel catering management consulting and travel agency services.
46GF Score

Get the complete analysis for ROCO:3522

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

NT$11.70
Price
NT$16.35
GF Value