General Biologicals (ROCO:4117) Cyclically Adjusted PB Ratio: 1.24 (As of Aug. 19, 2026) — 52% Below Median

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ROCO:4117 General Biologicals Corp ROCO:4117
47 GF Score
Price NT$10.20
GF Value NT$13.85
Valuation Modestly Undervalued
! 8 Warning Signs
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What is General Biologicals Cyclically Adjusted PB Ratio?

General Biologicals ROCO:4117 -0.97% 47 Cyclically Adjusted PB Ratio is 1.24 as of Aug. 19, 2026, which is 52% below its 10-year median of 2.58. GuruFocus rates ROCO:4117 with a GF Score™ of 47/100 and a GF Value™ of NT$13.85 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 693 Drug Manufacturers companies, General Biologicals ranks better than 62.34% on this metric.

As of today (2026-08-19), General Biologicals's current share price is NT$10.20. General Biologicals's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was NT$8.20. General Biologicals's Cyclically Adjusted PB Ratio for today is 1.24.

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

ROCO:4117' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 2.58   Max: 29.71
Current: 1.25

During the past 13 years, General Biologicals's highest Cyclically Adjusted PB Ratio was 29.71. The lowest was 0.51. And the median was 2.58.

ROCO:4117's Cyclically Adjusted PB Ratio is ranked better than
62.34% of 693 companies
in the Drug Manufacturers industry
Industry Median: 1.75 vs ROCO:4117: 1.25

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.

General Biologicals's adjusted book value per share data of for the fiscal year that ended in Dec25 was NT$12.294. 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$8.20 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


General Biologicals  (ROCO:4117) 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.


General Biologicals Cyclically Adjusted PB Ratio Related Terms


General Biologicals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for General Biologicals'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.

General Biologicals Cyclically Adjusted PB Ratio Chart

General Biologicals 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 4.40 3.05 3.08 2.62 1.57

General Biologicals Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.08 0.00 2.62 0.00 1.57

ROCO:4117 vs ZTS: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, General Biologicals'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.


General Biologicals Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, General Biologicals's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where General Biologicals's Cyclically Adjusted PB Ratio falls into.


ROCO:4117
47GF Score
General Biologicals Corp ROCO:4117
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

General Biologicals 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.

General Biologicals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.20/8.20
=1.24

* 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.

General Biologicals's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, General Biologicals'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)
=12.294/324.0540*324.0540
=12.294

Current CPI (Dec25) = 324.0540.

General Biologicals Annual Data

Book Value per Share CPI Adj_Book
201612 4.563 241.432 6.125
201712 4.040 246.524 5.311
201812 2.486 251.233 3.207
201912 1.745 256.974 2.201
202012 11.070 260.474 13.772
202112 11.830 278.802 13.750
202212 11.167 296.797 12.193
202312 8.007 306.746 8.459
202412 4.527 315.605 4.648
202512 12.294 324.054 12.294

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 1.24 mean?
General Biologicals (ROCO:4117) has a Cyclically Adjusted PB Ratio of 1.24 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 General Biologicals and its competitors. This is 52% below median its historical median of 2.58. Over the past decade, General Biologicals' Cyclically Adjusted PB Ratio has ranged from 0.51 to 29.71. According to the industry distribution chart, General Biologicals ranks #261 out of 693 companies in the Drug Manufacturers industry, placing it in the top 37.7%.
Is General Biologicals' Cyclically Adjusted PB Ratio too high?
General Biologicals' current Cyclically Adjusted PB Ratio of 1.24 is 52% below median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 29.71. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.75. General Biologicals' value of 1.24 is 29.1% below this industry median. Based on the distribution chart, General Biologicals ranks #261 out of 693 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, General Biologicals has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does General Biologicals' Cyclically Adjusted PB Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, General Biologicals ranks #261 out of 693 companies for Cyclically Adjusted PB Ratio. This puts General Biologicals in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.75. General Biologicals' value of 1.24 is 29.1% below this benchmark. Historically, General Biologicals' own Cyclically Adjusted PB Ratio has ranged from 0.51 to 29.71 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 1.75, General Biologicals 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.75, based on 693 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. General Biologicals's current Cyclically Adjusted PB Ratio of 1.24 is 29.1% 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 General Biologicals and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Biologicals's current Cyclically Adjusted PB Ratio is 1.24, which is 52% below median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Biologicals stock overvalued right now?
Based on GuruFocus' analysis, General Biologicals (ROCO:4117) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$13.85, compared to a current price of NT$10.20 — trading 26.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.24, which is 52% below median its 10-year median of 2.58 and 29.1% below the Drug Manufacturers industry median of 1.75. General Biologicals' overall GF Score™ is 47/100 with 8 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 General Biologicals (ROCO:4117), the current Cyclically Adjusted PB Ratio is 1.24 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 General Biologicals (ROCO:4117) Overvalued in 2026?

Based on GuruFocus' analysis, General Biologicals stock appears to be undervalued. The current stock price of NT$10.20 is trading 26.4% below its estimated GF Value™ of NT$13.85. GuruFocus considers General Biologicals to be Modestly Undervalued.

Key valuation signals for ROCO:4117:

  • Cyclically Adjusted PB Ratio: 1.24 (52% below median its 10-year median of 2.58)
  • GF Value™: NT$13.85 vs. price of NT$10.20 (26.4% below fair value)
  • GF Score™: 47/100 with 8 warning signs
  • Industry Position: 29.1% below the Drug Manufacturers median (#261 of 693)

No single metric tells the full story. See the ROCO:4117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


General Biologicals Business Description

Address No-6, Innovation First Road, Hsinchu Science Park, Hsinchu, TWN, 300092
General Biologicals Corp is a developer and manufacturer of vitro diagnostic devices in Taiwan. It offers research development, marketing and servicing of products and solutions for hospitals, medical laboratories, blood banks, and research and industry. Its products include Anti-HDV, HIV Ag-Ab COMB, Anti-HBs, and many others.
47GF Score

Get the complete analysis for ROCO:4117

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

NT$10.20
Price
NT$13.85
GF Value