Chung Hwa Food Industrial Co (ROCO:4205) Cyclically Adjusted PB Ratio: 3.40 (As of Aug. 13, 2026) — 36% Below Median

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ROCO:4205 Chung Hwa Food Industrial Co Ltd ROCO:4205
90 GF Score
Price NT$70.10
GF Value NT$89.10
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Chung Hwa Food Industrial Co Cyclically Adjusted PB Ratio?

Chung Hwa Food Industrial Co ROCO:4205 +0.14% 90 Cyclically Adjusted PB Ratio is 3.40 as of Aug. 13, 2026, which is 36% below its 10-year median of 5.33. GuruFocus rates ROCO:4205 with a GF Score™ of 90/100 and a GF Value™ of NT$89.10 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,400 Consumer Packaged Goods companies, Chung Hwa Food Industrial Co ranks worse than 82.86% on this metric.

As of today (2026-08-13), Chung Hwa Food Industrial Co's current share price is NT$70.10. Chung Hwa Food Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$20.59. Chung Hwa Food Industrial Co's Cyclically Adjusted PB Ratio for today is 3.40.

The historical rank and industry rank for Chung Hwa Food Industrial Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:4205' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.35   Med: 5.33   Max: 8.6
Current: 3.39

During the past years, Chung Hwa Food Industrial Co's highest Cyclically Adjusted PB Ratio was 8.60. The lowest was 3.35. And the median was 5.33.

ROCO:4205's Cyclically Adjusted PB Ratio is ranked worse than
82.86% of 1400 companies
in the Consumer Packaged Goods industry
Industry Median: 1.26 vs ROCO:4205: 3.39

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.

Chung Hwa Food Industrial Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$24.733. 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$20.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chung Hwa Food Industrial Co  (ROCO:4205) 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.


Chung Hwa Food Industrial Co Cyclically Adjusted PB Ratio Related Terms


Chung Hwa Food Industrial Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chung Hwa Food Industrial 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.

Chung Hwa Food Industrial Co Cyclically Adjusted PB Ratio Chart

Chung Hwa Food Industrial 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 7.64 5.41 5.05 4.21 4.06

Chung Hwa Food Industrial 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 4.27 4.43 4.44 4.06 3.83

ROCO:4205 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Chung Hwa Food Industrial 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.


Chung Hwa Food Industrial Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chung Hwa Food Industrial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Chung Hwa Food Industrial Co's Cyclically Adjusted PB Ratio falls into.


ROCO:4205
90GF Score
Chung Hwa Food Industrial Co Ltd ROCO:4205
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Chung Hwa Food Industrial 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.

Chung Hwa Food Industrial Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=70.10/20.59
=3.40

* 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.

Chung Hwa Food Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Chung Hwa Food Industrial 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)
=24.733/330.2130*330.2130
=24.733

Current CPI (Mar. 2026) = 330.2130.

Chung Hwa Food Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 12.202 241.018 16.718
201609 12.849 241.428 17.574
201612 13.442 241.432 18.385
201703 14.023 243.801 18.993
201706 13.521 244.955 18.227
201709 14.203 246.819 19.002
201712 15.038 246.524 20.143
201803 15.669 249.554 20.733
201806 13.824 251.989 18.115
201809 14.499 252.439 18.966
201812 15.081 251.233 19.822
201903 15.625 254.202 20.297
201906 14.045 256.143 18.106
201909 14.911 256.759 19.177
201912 15.685 256.974 20.155
202003 16.499 258.115 21.108
202006 14.829 257.797 18.995
202009 15.854 260.280 20.114
202012 16.686 260.474 21.153
202103 17.418 264.877 21.714
202106 18.163 271.696 22.075
202109 17.402 274.310 20.948
202112 18.451 278.802 21.853
202203 19.290 287.504 22.156
202206 17.340 296.311 19.324
202209 18.308 296.808 20.369
202212 19.351 296.797 21.530
202303 20.194 301.836 22.093
202306 18.283 305.109 19.787
202309 19.202 307.789 20.601
202312 20.175 306.746 21.718
202403 21.014 312.332 22.217
202406 19.207 314.175 20.187
202409 20.252 315.301 21.210
202412 21.490 315.605 22.485
202503 22.421 319.799 23.151
202506 21.690 322.561 22.205
202509 22.663 324.800 23.041
202512 23.827 324.054 24.280
202603 24.733 330.213 24.733

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 3.40 mean?
Chung Hwa Food Industrial Co (ROCO:4205) has a Cyclically Adjusted PB Ratio of 3.40 as of Aug. 13, 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 Chung Hwa Food Industrial Co and its competitors. This is 36% below median its historical median of 5.33. Over the past decade, Chung Hwa Food Industrial Co's Cyclically Adjusted PB Ratio has ranged from 3.35 to 8.60. According to the industry distribution chart, Chung Hwa Food Industrial Co ranks #1160 out of 1400 companies in the Consumer Packaged Goods industry, placing it in the top 82.9%.
Is Chung Hwa Food Industrial Co's Cyclically Adjusted PB Ratio too high?
Chung Hwa Food Industrial Co's current Cyclically Adjusted PB Ratio of 3.40 is 36% below median its 10-year median of 5.33. Over the past 10 years, this metric has ranged from a low of 3.35 to a high of 8.60. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.26. Chung Hwa Food Industrial Co's value of 3.40 is 169.8% above this industry median. Based on the distribution chart, Chung Hwa Food Industrial Co ranks #1160 out of 1400 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Chung Hwa Food Industrial Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chung Hwa Food Industrial Co's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Chung Hwa Food Industrial Co ranks #1160 out of 1400 companies for Cyclically Adjusted PB Ratio. This places Chung Hwa Food Industrial Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. Chung Hwa Food Industrial Co's value of 3.40 is 169.8% above this benchmark. Historically, Chung Hwa Food Industrial Co's own Cyclically Adjusted PB Ratio has ranged from 3.35 to 8.60 over the past decade. While the company's 10-year median is 5.33 vs. the industry median of 1.26, Chung Hwa Food Industrial Co has consistently been above 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.26, based on 1,400 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. Chung Hwa Food Industrial Co's current Cyclically Adjusted PB Ratio of 3.40 is 169.8% above 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 Chung Hwa Food Industrial Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chung Hwa Food Industrial Co's current Cyclically Adjusted PB Ratio is 3.40, which is 36% below median its own 10-year median of 5.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chung Hwa Food Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Chung Hwa Food Industrial Co (ROCO:4205) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$89.10, compared to a current price of NT$70.10 — trading 21.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.40, which is 36% below median its 10-year median of 5.33 and 169.8% above the Consumer Packaged Goods industry median of 1.26. Chung Hwa Food Industrial Co's overall GF Score™ is 90/100 with 2 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 Chung Hwa Food Industrial Co (ROCO:4205), the current Cyclically Adjusted PB Ratio is 3.40 as of Aug. 13, 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 Chung Hwa Food Industrial Co (ROCO:4205) Overvalued in 2026?

Based on GuruFocus' analysis, Chung Hwa Food Industrial Co stock appears to be undervalued. The current stock price of NT$70.10 is trading 21.3% below its estimated GF Value™ of NT$89.10. GuruFocus considers Chung Hwa Food Industrial Co to be Modestly Undervalued.

Key valuation signals for ROCO:4205:

  • Cyclically Adjusted PB Ratio: 3.40 (36% below median its 10-year median of 5.33)
  • GF Value™: NT$89.10 vs. price of NT$70.10 (21.3% below fair value)
  • GF Score™: 90/100 with 2 warning signs
  • Industry Position: 169.8% above the Consumer Packaged Goods median (#1160 of 1400)

No single metric tells the full story. See the ROCO:4205 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chung Hwa Food Industrial Co Business Description

Address No.110-6, Longmu Road, Longmu Village, Dashu district, Kaohsiung City, TWN
Chung Hwa Food Industrial Co Ltd is a manufacturing, processing, and trading of various soy products (tofu, tofu pudding, dried tofu, and soy milk), fruit juice, canned food, and oil products; export of said products; the agency for bidding for and distribution of said products from domestic and foreign manufacturers.
90GF Score

Get the complete analysis for ROCO:4205

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

NT$70.10
Price
NT$89.10
GF Value