Toplus Global Co (ROCO:3522) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

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Director of Data and Quant Analytics at GuruFocus
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ROCO:3522 Toplus Global Co Ltd ROCO:3522
48 GF Score
Price NT$11.70
GF Value NT$16.34
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Toplus Global Co Cyclically Adjusted PB Ratio?

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
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 0.55 0.59 0.81 0.55 0.00

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
48GF Score
Toplus Global Co Ltd ROCO:3522
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Toplus Global 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)
=6.831/333.9520*333.9520
=6.831

Current CPI (Jun. 2026) = 333.9520.

Toplus Global Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 31.523 241.428 43.604
201612 30.178 241.432 41.743
201703 29.655 243.801 40.621
201706 28.369 244.955 38.676
201709 30.129 246.819 40.765
201712 31.148 246.524 42.194
201803 31.125 249.554 41.651
201806 30.548 251.989 40.484
201809 28.928 252.439 38.269
201812 31.145 251.233 41.400
201903 31.919 254.202 41.933
201906 31.640 256.143 41.251
201909 29.696 256.759 38.624
201912 28.770 256.974 37.388
202003 27.469 258.115 35.540
202006 20.372 257.797 26.390
202009 18.925 260.280 24.282
202012 18.506 260.474 23.726
202103 17.795 264.877 22.436
202106 14.372 271.696 17.665
202109 11.248 274.310 13.694
202112 8.130 278.802 9.738
202203 8.868 287.504 10.301
202206 6.826 296.311 7.693
202209 5.528 296.808 6.220
202212 5.778 296.797 6.501
202303 5.857 301.836 6.480
202306 6.989 305.109 7.650
202309 6.158 307.789 6.681
202312 8.864 306.746 9.650
202403 9.163 312.332 9.797
202406 8.396 314.175 8.925
202409 7.690 315.301 8.145
202412 6.974 315.605 7.379
202503 7.769 319.799 8.113
202506 6.964 322.561 7.210
202509 5.412 324.800 5.564
202512 5.231 324.054 5.391
202603 7.693 330.213 7.780
202606 6.831 333.952 6.831

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.

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$16.34. GuruFocus considers Toplus Global Co to be Modestly Undervalued.

Key valuation signals for ROCO:3522:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$16.34 vs. price of NT$11.70 (28.4% below fair value)
  • GF Score™: 48/100 with 5 warning signs

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.
48GF 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$16.34
GF Value