S&S Healthcare Holding (ROCO:4198) Cyclically Adjusted PB Ratio: 1.37 (As of Aug. 22, 2026) — 169% Above Median

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ROCO:4198 S&S Healthcare Holding Ltd ROCO:4198
54 GF Score
Price NT$40.95
GF Value NT$25.05
Valuation Significantly Overvalued
! 4 Warning Signs
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What is S&S Healthcare Holding Cyclically Adjusted PB Ratio?

S&S Healthcare Holding ROCO:4198 -4.55% 54 Cyclically Adjusted PB Ratio is 1.37 as of Aug. 22, 2026, which is 169% above its 10-year median of 0.51. GuruFocus rates ROCO:4198 with a GF Score™ of 54/100 and a GF Value™ of NT$25.05 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 519 Medical Devices & Instruments companies, S&S Healthcare Holding ranks better than 59.15% on this metric.

As of today (2026-08-22), S&S Healthcare Holding's current share price is NT$40.95. S&S Healthcare Holding's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$29.93. S&S Healthcare Holding's Cyclically Adjusted PB Ratio for today is 1.37.

The historical rank and industry rank for S&S Healthcare Holding's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:4198' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.51   Max: 1.52
Current: 1.43

During the past years, S&S Healthcare Holding's highest Cyclically Adjusted PB Ratio was 1.52. The lowest was 0.22. And the median was 0.51.

ROCO:4198's Cyclically Adjusted PB Ratio is ranked better than
59.15% of 519 companies
in the Medical Devices & Instruments industry
Industry Median: 1.88 vs ROCO:4198: 1.43

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.

S&S Healthcare Holding's adjusted book value per share data for the three months ended in Jun. 2026 was NT$8.462. 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$29.93 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


S&S Healthcare Holding  (ROCO:4198) 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.


S&S Healthcare Holding Cyclically Adjusted PB Ratio Related Terms


S&S Healthcare Holding Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for S&S Healthcare Holding'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.

S&S Healthcare Holding Cyclically Adjusted PB Ratio Chart

S&S Healthcare Holding 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 0.29 0.31 0.52 0.96

S&S Healthcare Holding 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 0.78 0.91 0.96 1.12 1.31

ROCO:4198 vs ABT, SYK, MDT: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, S&S Healthcare Holding'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.


S&S Healthcare Holding Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, S&S Healthcare Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where S&S Healthcare Holding's Cyclically Adjusted PB Ratio falls into.


ROCO:4198
54GF Score
S&S Healthcare Holding Ltd ROCO:4198
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S&S Healthcare Holding 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.

S&S Healthcare Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=40.95/29.93
=1.37

* 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.

S&S Healthcare Holding's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, S&S Healthcare Holding'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)
=8.462/333.9520*333.9520
=8.462

Current CPI (Jun. 2026) = 333.9520.

S&S Healthcare Holding Quarterly Data

Book Value per Share CPI Adj_Book
201609 115.856 241.428 160.256
201612 104.380 241.432 144.380
201703 87.627 243.801 120.029
201706 76.530 244.955 104.335
201709 64.156 246.819 86.805
201712 54.667 246.524 74.054
201803 43.973 249.554 58.844
201806 38.040 251.989 50.413
201809 32.858 252.439 43.468
201812 28.295 251.233 37.611
201903 24.583 254.202 32.295
201906 22.119 256.143 28.838
201909 18.500 256.759 24.062
201912 11.749 256.974 15.268
202003 11.401 258.115 14.751
202006 8.819 257.797 11.424
202009 6.966 260.280 8.938
202012 5.172 260.474 6.631
202103 3.265 264.877 4.116
202106 6.561 271.696 8.064
202109 4.782 274.310 5.822
202112 3.414 278.802 4.089
202203 1.228 287.504 1.426
202206 0.020 296.311 0.023
202209 5.837 296.808 6.567
202212 6.118 296.797 6.884
202303 5.532 301.836 6.121
202306 5.387 305.109 5.896
202309 5.909 307.789 6.411
202312 12.475 306.746 13.581
202403 11.660 312.332 12.467
202406 11.197 314.175 11.902
202409 10.724 315.301 11.358
202412 10.820 315.605 11.449
202503 10.621 319.799 11.091
202506 10.009 322.561 10.362
202509 9.720 324.800 9.994
202512 9.395 324.054 9.682
202603 8.972 330.213 9.074
202606 8.462 333.952 8.462

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 1.37 mean?
S&S Healthcare Holding (ROCO:4198) has a Cyclically Adjusted PB Ratio of 1.37 as of Aug. 22, 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 S&S Healthcare Holding and its competitors. This is 169% above median its historical median of 0.51. Over the past decade, S&S Healthcare Holding's Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.52. According to the industry distribution chart, S&S Healthcare Holding ranks #212 out of 519 companies in the Medical Devices & Instruments industry, placing it in the top 40.8%.
Is S&S Healthcare Holding's Cyclically Adjusted PB Ratio too high?
S&S Healthcare Holding's current Cyclically Adjusted PB Ratio of 1.37 is 169% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.52. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.88. S&S Healthcare Holding's value of 1.37 is 27.1% below this industry median. Based on the distribution chart, S&S Healthcare Holding ranks #212 out of 519 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, S&S Healthcare Holding has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S&S Healthcare Holding's Cyclically Adjusted PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, S&S Healthcare Holding ranks #212 out of 519 companies for Cyclically Adjusted PB Ratio. This puts S&S Healthcare Holding in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.88. S&S Healthcare Holding's value of 1.37 is 27.1% below this benchmark. Historically, S&S Healthcare Holding's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.52 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 1.88, S&S Healthcare Holding 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.88, based on 519 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. S&S Healthcare Holding's current Cyclically Adjusted PB Ratio of 1.37 is 27.1% 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 S&S Healthcare Holding and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S&S Healthcare Holding's current Cyclically Adjusted PB Ratio is 1.37, which is 169% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S&S Healthcare Holding stock overvalued right now?
Based on GuruFocus' analysis, S&S Healthcare Holding (ROCO:4198) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$25.05, compared to a current price of NT$40.95 — trading 63.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.37, which is 169% above median its 10-year median of 0.51 and 27.1% below the Medical Devices & Instruments industry median of 1.88. S&S Healthcare Holding's overall GF Score™ is 54/100 with 4 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 S&S Healthcare Holding (ROCO:4198), the current Cyclically Adjusted PB Ratio is 1.37 as of Aug. 22, 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 S&S Healthcare Holding (ROCO:4198) Overvalued in 2026?

Based on GuruFocus' analysis, S&S Healthcare Holding stock appears to be overvalued. The current stock price of NT$40.95 is trading 63.5% above its estimated GF Value™ of NT$25.05. GuruFocus considers S&S Healthcare Holding to be Significantly Overvalued.

Key valuation signals for ROCO:4198:

  • Cyclically Adjusted PB Ratio: 1.37 (169% above median its 10-year median of 0.51)
  • GF Value™: NT$25.05 vs. price of NT$40.95 (63.5% above fair value)
  • GF Score™: 54/100 with 4 warning signs
  • Industry Position: 27.1% below the Medical Devices & Instruments median (#212 of 519)

No single metric tells the full story. See the ROCO:4198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S&S Healthcare Holding Business Description

Address 7th Floor, Number 89, Xinhu 1st Road, Taipei, TWN, 114
S&S Healthcare Holding Ltd, formerly Swissray Global Healthcare Holding Ltd is involved in providing DR systems designed for any application in general radiography. The product divisions of the company cover Swissray DDR systems, Novadaq, and EZ2GO. The main business projects of the company and its subsidiaries are the research and development, manufacturing, sales, and maintenance services of high-end medical equipment and the manufacturing and sales of basic medical equipment.
54GF Score

Get the complete analysis for ROCO:4198

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

NT$40.95
Price
NT$25.05
GF Value