Toung Loong Textile Mfg Co (ROCO:4401) Cyclically Adjusted PB Ratio: 0.55 (As of Aug. 13, 2026) — 52% Below 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:4401 Toung Loong Textile Mfg Co Ltd ROCO:4401
62 GF Score
Price NT$14.00
GF Value NT$21.89
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Toung Loong Textile Mfg Co Cyclically Adjusted PB Ratio?

Toung Loong Textile Mfg Co ROCO:4401 +0.72% 62 Cyclically Adjusted PB Ratio is 0.55 as of Aug. 13, 2026, which is 52% below its 10-year median of 1.15. GuruFocus rates ROCO:4401 with a GF Score™ of 62/100 and a GF Value™ of NT$21.89 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 836 Manufacturing - Apparel & Accessories companies, Toung Loong Textile Mfg Co ranks better than 70.81% on this metric.

As of today (2026-08-13), Toung Loong Textile Mfg Co's current share price is NT$14.00. Toung Loong Textile Mfg Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$25.41. Toung Loong Textile Mfg Co's Cyclically Adjusted PB Ratio for today is 0.55.

The historical rank and industry rank for Toung Loong Textile Mfg Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:4401' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.15   Max: 2.59
Current: 0.55

During the past years, Toung Loong Textile Mfg Co's highest Cyclically Adjusted PB Ratio was 2.59. The lowest was 0.55. And the median was 1.15.

ROCO:4401's Cyclically Adjusted PB Ratio is ranked better than
70.81% of 836 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.98 vs ROCO:4401: 0.55

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.

Toung Loong Textile Mfg Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$22.212. 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$25.41 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Toung Loong Textile Mfg Co  (ROCO:4401) 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.


Toung Loong Textile Mfg Co Cyclically Adjusted PB Ratio Related Terms


Toung Loong Textile Mfg Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Toung Loong Textile Mfg 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.

Toung Loong Textile Mfg Co Cyclically Adjusted PB Ratio Chart

Toung Loong Textile Mfg 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 1.57 1.09 1.00 0.81 0.67

Toung Loong Textile Mfg 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 0.79 0.62 0.69 0.67 0.58

Toung Loong Textile Mfg Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Toung Loong Textile Mfg 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.


Toung Loong Textile Mfg Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Toung Loong Textile Mfg Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Toung Loong Textile Mfg Co's Cyclically Adjusted PB Ratio falls into.


ROCO:4401
62GF Score
Toung Loong Textile Mfg Co Ltd ROCO:4401
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Toung Loong Textile Mfg 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.

Toung Loong Textile Mfg Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.00/25.41
=0.55

* 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.

Toung Loong Textile Mfg Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Toung Loong Textile Mfg 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)
=22.212/330.2130*330.2130
=22.212

Current CPI (Mar. 2026) = 330.2130.

Toung Loong Textile Mfg Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 19.032 241.018 26.075
201609 20.136 241.428 27.541
201612 21.069 241.432 28.817
201703 22.103 243.801 29.937
201706 19.794 244.955 26.683
201709 20.868 246.819 27.919
201712 21.614 246.524 28.951
201803 22.223 249.554 29.406
201806 20.063 251.989 26.291
201809 20.505 252.439 26.822
201812 21.198 251.233 27.862
201903 21.673 254.202 28.154
201906 20.235 256.143 26.086
201909 20.750 256.759 26.686
201912 20.899 256.974 26.855
202003 21.107 258.115 27.003
202006 19.818 257.797 25.385
202009 19.879 260.280 25.220
202012 20.338 260.474 25.783
202103 20.820 264.877 25.956
202106 21.569 271.696 26.214
202109 21.270 274.310 25.605
202112 21.950 278.802 25.998
202203 22.540 287.504 25.888
202206 21.987 296.311 24.503
202209 22.501 296.808 25.033
202212 22.285 296.797 24.794
202303 22.148 301.836 24.230
202306 21.469 305.109 23.235
202309 21.621 307.789 23.196
202312 21.310 306.746 22.940
202403 21.520 312.332 22.752
202406 21.319 314.175 22.407
202409 21.557 315.301 22.577
202412 21.993 315.605 23.011
202503 22.166 319.799 22.888
202506 21.290 322.561 21.795
202509 21.624 324.800 21.984
202512 22.020 324.054 22.439
202603 22.212 330.213 22.212

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 0.55 mean?
Toung Loong Textile Mfg Co (ROCO:4401) has a Cyclically Adjusted PB Ratio of 0.55 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 Toung Loong Textile Mfg Co and its competitors. This is 52% below median its historical median of 1.15. Over the past decade, Toung Loong Textile Mfg Co's Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.59. According to the industry distribution chart, Toung Loong Textile Mfg Co ranks #244 out of 836 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 29.2%.
Is Toung Loong Textile Mfg Co's Cyclically Adjusted PB Ratio too high?
Toung Loong Textile Mfg Co's current Cyclically Adjusted PB Ratio of 0.55 is 52% below median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.59. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.98. Toung Loong Textile Mfg Co's value of 0.55 is 43.9% below this industry median. Based on the distribution chart, Toung Loong Textile Mfg Co ranks #244 out of 836 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Toung Loong Textile Mfg Co has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Toung Loong Textile Mfg Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Toung Loong Textile Mfg Co ranks #244 out of 836 companies for Cyclically Adjusted PB Ratio. This puts Toung Loong Textile Mfg Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.98. Toung Loong Textile Mfg Co's value of 0.55 is 43.9% below this benchmark. Historically, Toung Loong Textile Mfg Co's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.59 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 0.98, Toung Loong Textile Mfg 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.98, based on 836 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. Toung Loong Textile Mfg Co's current Cyclically Adjusted PB Ratio of 0.55 is 43.9% 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 Toung Loong Textile Mfg Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toung Loong Textile Mfg Co's current Cyclically Adjusted PB Ratio is 0.55, which is 52% below median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toung Loong Textile Mfg Co stock overvalued right now?
Based on GuruFocus' analysis, Toung Loong Textile Mfg Co (ROCO:4401) is currently considered Possible Value Trap. The stock's GF Value™ is NT$21.89, compared to a current price of NT$14.00 — trading 36% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.55, which is 52% below median its 10-year median of 1.15 and 43.9% below the Manufacturing - Apparel & Accessories industry median of 0.98. Toung Loong Textile Mfg Co's overall GF Score™ is 62/100 with 7 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 Toung Loong Textile Mfg Co (ROCO:4401), the current Cyclically Adjusted PB Ratio is 0.55 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 Toung Loong Textile Mfg Co (ROCO:4401) Overvalued in 2026?

Based on GuruFocus' analysis, Toung Loong Textile Mfg Co stock appears to be undervalued. The current stock price of NT$14.00 is trading 36% below its estimated GF Value™ of NT$21.89. GuruFocus considers Toung Loong Textile Mfg Co to be Possible Value Trap.

Key valuation signals for ROCO:4401:

  • Cyclically Adjusted PB Ratio: 0.55 (52% below median its 10-year median of 1.15)
  • GF Value™: NT$21.89 vs. price of NT$14.00 (36% below fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 43.9% below the Manufacturing - Apparel & Accessories median (#244 of 836)

No single metric tells the full story. See the ROCO:4401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Toung Loong Textile Mfg Co Business Description

Address Section 2, Sanmin Road, No. 31, 19th Floor, Banqiao District, New Taipei City, TWN, 220
Toung Loong Textile Mfg Co Ltd is engaged in the textile industry, woven fabric industry, non-woven fabric industry, printing and dyeing industry, garment industry, clothing and accessories manufacturing industry, other textile and product manufacturing industries, man-made fiber manufacturing industry, textiles, clothing, shoes, hats, umbrellas, and clothing accessories wholesale industry, textiles, clothing, shoes, hats, umbrellas, and clothing accessories retail industry, and the international trade industry.
62GF Score

Get the complete analysis for ROCO:4401

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

NT$14.00
Price
NT$21.89
GF Value