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Kwang Ming Silk Mill CoROCO:4420 -0.14%64 Cyclically Adjusted PB Ratio is 1.00 as of Aug. 20, 2026, which is 19% below its 10-year median of 1.24. GuruFocus rates ROCO:4420 with a GF Score™ of 64/100 and a GF Value™ of NT$67.31 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 791 Manufacturing - Apparel & Accessories companies, Kwang Ming Silk Mill Co ranks worse than 51.83% on this metric.
The historical rank and industry rank for Kwang Ming Silk Mill Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
ROCO:4420'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.96 Med: 1.24 Max: 2.43
Current: 1
During the past years, Kwang Ming Silk Mill Co's highest Cyclically Adjusted PB Ratio was 2.43. The lowest was 0.96. And the median was 1.24.
ROCO:4420's Cyclically Adjusted PB Ratio is ranked worse than 51.83% of 791
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.97
vs ROCO:4420: 1.00
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.
Kwang Ming Silk Mill Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$35.118. 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$36.22 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Kwang Ming Silk Mill Co (ROCO:4420) 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.
Kwang Ming Silk Mill Co Cyclically Adjusted PB Ratio Related Terms
Kwang Ming Silk Mill Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Kwang Ming Silk Mill 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.
Kwang Ming Silk Mill Co Cyclically Adjusted PB Ratio Chart
Kwang Ming Silk Mill Co Cyclically Adjusted PB Ratio Competitor Comparison
For the Textile Manufacturing subindustry, Kwang Ming Silk Mill 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.
Kwang Ming Silk Mill Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwang Ming Silk Mill Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Kwang Ming Silk Mill Co's Cyclically Adjusted PB Ratio falls into.
Kwang Ming Silk Mill 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.
* 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.
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 1.00 mean?
Kwang Ming Silk Mill Co (ROCO:4420) has a Cyclically Adjusted PB Ratio of 1.00 as of Aug. 20, 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 Kwang Ming Silk Mill Co and its competitors. This is 19% below median its historical median of 1.24. Over the past decade, Kwang Ming Silk Mill Co's Cyclically Adjusted PB Ratio has ranged from 0.96 to 2.43. According to the industry distribution chart, Kwang Ming Silk Mill Co ranks #410 out of 791 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 51.8%.
Is Kwang Ming Silk Mill Co's Cyclically Adjusted PB Ratio too high?
Kwang Ming Silk Mill Co's current Cyclically Adjusted PB Ratio of 1.00 is 19% below median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 2.43. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.97. Kwang Ming Silk Mill Co's value of 1.00 is 3.1% above this industry median. Based on the distribution chart, Kwang Ming Silk Mill Co ranks #410 out of 791 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Kwang Ming Silk Mill Co has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwang Ming Silk Mill Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kwang Ming Silk Mill Co ranks #410 out of 791 companies for Cyclically Adjusted PB Ratio. This places Kwang Ming Silk Mill Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.97. Kwang Ming Silk Mill Co's value of 1.00 is 3.1% above this benchmark. Historically, Kwang Ming Silk Mill Co's own Cyclically Adjusted PB Ratio has ranged from 0.96 to 2.43 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 0.97, Kwang Ming Silk Mill 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.97, based on 791 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. Kwang Ming Silk Mill Co's current Cyclically Adjusted PB Ratio of 1.00 is 3.1% 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 Kwang Ming Silk Mill Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kwang Ming Silk Mill Co's current Cyclically Adjusted PB Ratio is 1.00, which is 19% below median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwang Ming Silk Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co (ROCO:4420) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$67.31, compared to a current price of NT$36.25 — trading 46.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.00, which is 19% below median its 10-year median of 1.24 and 3.1% above the Manufacturing - Apparel & Accessories industry median of 0.97. Kwang Ming Silk Mill Co's overall GF Score™ is 64/100 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 Kwang Ming Silk Mill Co (ROCO:4420), the current Cyclically Adjusted PB Ratio is 1.00 as of Aug. 20, 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 Kwang Ming Silk Mill Co (ROCO:4420) Overvalued in 2026?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co stock appears to be undervalued.
The current stock price of NT$36.25 is trading 46.1% below its estimated GF Value™ of NT$67.31.
GuruFocus considers Kwang Ming Silk Mill Co to be Significantly Undervalued.
Key valuation signals for ROCO:4420:
Cyclically Adjusted PB Ratio: 1.00 (19% below median its 10-year median of 1.24)
GF Value™: NT$67.31 vs. price of NT$36.25 (46.1% below fair value)
Industry Position: 3.1% above the Manufacturing - Apparel & Accessories median (#410 of 791)
No single metric tells the full story. See the ROCO:4420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwang Ming Silk Mill Co Ltd is mainly engaged in the textile industry, including the manufacture of man-made fibers, dyeing and weaving of fabrics, and the purchase and sale of raw materials, supplies, and finished goods related to fabrics. The Company is also involved in real estate leasing, as well as industrial factory development and rental. It operates through two reportable segments: the Fiber segment, which generates the maximum revenue and is engaged in the manufacture and trading of textured yarn, and the Real Estate Development segment, which focuses on housing, commercial buildings, and factory development and rental.
64GF Score
Get the complete analysis for ROCO:4420
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