Hakers Enterprise Co (ROCO:4432) Cyclically Adjusted PB Ratio: 0.50 (As of Aug. 31, 2026) — 24% 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:4432 Hakers Enterprise Co Ltd ROCO:4432
72 GF Score
Price NT$15.70
GF Value NT$17.35
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Hakers Enterprise Co Cyclically Adjusted PB Ratio?

Hakers Enterprise Co ROCO:4432 72 Cyclically Adjusted PB Ratio is 0.50 as of Aug. 31, 2026, which is 24% below its 10-year median of 0.66. GuruFocus rates ROCO:4432 with a GF Score™ of 72/100 and a GF Value™ of NT$17.35 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 639 Manufacturing - Apparel & Accessories companies, Hakers Enterprise Co ranks better than 73.24% on this metric.

As of today (2026-08-31), Hakers Enterprise Co's current share price is NT$15.70. Hakers Enterprise Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$31.12. Hakers Enterprise Co's Cyclically Adjusted PB Ratio for today is 0.50.

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

ROCO:4432' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.66   Max: 1.11
Current: 0.5

During the past years, Hakers Enterprise Co's highest Cyclically Adjusted PB Ratio was 1.11. The lowest was 0.46. And the median was 0.66.

ROCO:4432's Cyclically Adjusted PB Ratio is ranked better than
73.24% of 639 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.94 vs ROCO:4432: 0.50

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.

Hakers Enterprise Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$31.174. 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$31.12 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hakers Enterprise Co  (ROCO:4432) 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.


Hakers Enterprise Co Cyclically Adjusted PB Ratio Related Terms


Hakers Enterprise Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hakers Enterprise 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.

Hakers Enterprise Co Cyclically Adjusted PB Ratio Chart

Hakers Enterprise 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 0.52 0.91 0.79 0.73 0.54

Hakers Enterprise Co 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 0.58 0.55 0.54 0.50 0.49

ROCO:4432 vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Hakers Enterprise 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.


Hakers Enterprise Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Hakers Enterprise Co's Cyclically Adjusted PB Ratio falls into.


ROCO:4432
72GF Score
Hakers Enterprise Co Ltd ROCO:4432
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hakers Enterprise 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.

Hakers Enterprise Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.70/31.12
=0.50

* 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.

Hakers Enterprise Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hakers Enterprise Co'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)
=31.174/333.9520*333.9520
=31.174

Current CPI (Jun. 2026) = 333.9520.

Hakers Enterprise Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 27.736 241.428 38.365
201612 27.939 241.432 38.646
201703 27.563 243.801 37.755
201706 25.902 244.955 35.313
201709 26.287 246.819 35.567
201712 26.281 246.524 35.601
201803 26.579 249.554 35.568
201806 26.991 251.989 35.770
201809 27.565 252.439 36.466
201812 26.929 251.233 35.795
201903 27.187 254.202 35.716
201906 25.420 256.143 33.142
201909 25.246 256.759 32.836
201912 23.979 256.974 31.162
202003 23.287 258.115 30.129
202006 23.658 257.797 30.647
202009 24.389 260.280 31.292
202012 23.593 260.474 30.248
202103 22.956 264.877 28.942
202106 22.151 271.696 27.227
202109 22.200 274.310 27.027
202112 21.299 278.802 25.512
202203 22.059 287.504 25.623
202206 23.183 296.311 26.128
202209 24.860 296.808 27.971
202212 24.835 296.797 27.944
202303 25.085 301.836 27.754
202306 25.499 305.109 27.910
202309 26.828 307.789 29.108
202312 26.272 306.746 28.602
202403 26.600 312.332 28.441
202406 27.248 314.175 28.963
202409 27.737 315.301 29.378
202412 29.048 315.605 30.737
202503 28.694 319.799 29.964
202506 26.216 322.561 27.142
202509 27.399 324.800 28.171
202512 28.495 324.054 29.365
202603 31.209 330.213 31.562
202606 31.174 333.952 31.174

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 0.50 mean?
Hakers Enterprise Co (ROCO:4432) has a Cyclically Adjusted PB Ratio of 0.50 as of Aug. 31, 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 Hakers Enterprise Co and its competitors. This is 24% below median its historical median of 0.66. Over the past decade, Hakers Enterprise Co's Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.11. According to the industry distribution chart, Hakers Enterprise Co ranks #171 out of 639 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 26.8%.
Is Hakers Enterprise Co's Cyclically Adjusted PB Ratio too high?
Hakers Enterprise Co's current Cyclically Adjusted PB Ratio of 0.50 is 24% below median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.11. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.94. Hakers Enterprise Co's value of 0.50 is 46.8% below this industry median. Based on the distribution chart, Hakers Enterprise Co ranks #171 out of 639 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Hakers Enterprise Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hakers Enterprise Co's Cyclically Adjusted PB Ratio compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hakers Enterprise Co ranks #171 out of 639 companies for Cyclically Adjusted PB Ratio. This puts Hakers Enterprise Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.94. Hakers Enterprise Co's value of 0.50 is 46.8% below this benchmark. Historically, Hakers Enterprise Co's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 1.11 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 0.94, Hakers Enterprise 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 0.94, based on 639 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. Hakers Enterprise Co's current Cyclically Adjusted PB Ratio of 0.50 is 46.8% 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 Hakers Enterprise Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hakers Enterprise Co's current Cyclically Adjusted PB Ratio is 0.50, which is 24% below median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hakers Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Hakers Enterprise Co (ROCO:4432) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$17.35, compared to a current price of NT$15.70 — trading 9.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.50, which is 24% below median its 10-year median of 0.66 and 46.8% below the Manufacturing - Apparel & Accessories industry median of 0.94. Hakers Enterprise Co's overall GF Score™ is 72/100 with 5 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 Hakers Enterprise Co (ROCO:4432), the current Cyclically Adjusted PB Ratio is 0.50 as of Aug. 31, 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 Hakers Enterprise Co (ROCO:4432) Overvalued in 2026?

Based on GuruFocus' analysis, Hakers Enterprise Co stock appears to be undervalued. The current stock price of NT$15.70 is trading 9.5% below its estimated GF Value™ of NT$17.35. GuruFocus considers Hakers Enterprise Co to be Modestly Undervalued.

Key valuation signals for ROCO:4432:

  • Cyclically Adjusted PB Ratio: 0.50 (24% below median its 10-year median of 0.66)
  • GF Value™: NT$17.35 vs. price of NT$15.70 (9.5% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 46.8% below the Manufacturing - Apparel & Accessories median (#171 of 639)

No single metric tells the full story. See the ROCO:4432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hakers Enterprise Co Business Description

Address No.6, Sec 1, Jung-shing Road, 9F-5, Wugu District, Taipei City, TWN, 24872
Hakers Enterprise Co Ltd is a Taiwan based manufacturer of apparels and a developer of textile products. It is engaged in garment manufacturing, production and marketing of garments and other related textiles. The company offered products include hoodies, jackets, casual pants, leggings, t-shirts and others. The organization also has its production bases located in the other countries of Malaysia, Vietnam, Myanmar, China and Laos.
72GF Score

Get the complete analysis for ROCO:4432

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

NT$15.70
Price
NT$17.35
GF Value