GFC (ROCO:4506) Cyclically Adjusted PB Ratio: 3.98 (As of Aug. 22, 2026) — 31% Above Median

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ROCO:4506 GFC Ltd ROCO:4506
93 GF Score
Price NT$123.00
GF Value NT$121.39
Valuation Fairly Valued
! 1 Warning Sign
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What is GFC Cyclically Adjusted PB Ratio?

GFC ROCO:4506 93 Cyclically Adjusted PB Ratio is 3.98 as of Aug. 22, 2026, which is 31% above its 10-year median of 3.04. GuruFocus rates ROCO:4506 with a GF Score™ of 93/100 and a GF Value™ of NT$121.39 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,159 Industrial Products companies, GFC ranks worse than 71.61% on this metric.

As of today (2026-08-22), GFC's current share price is NT$123.00. GFC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$30.89. GFC's Cyclically Adjusted PB Ratio for today is 3.98.

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

ROCO:4506' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.6   Med: 3.04   Max: 4.5
Current: 3.98

During the past years, GFC's highest Cyclically Adjusted PB Ratio was 4.50. The lowest was 2.60. And the median was 3.04.

ROCO:4506's Cyclically Adjusted PB Ratio is ranked worse than
71.61% of 2159 companies
in the Industrial Products industry
Industry Median: 2.14 vs ROCO:4506: 3.98

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.

GFC's adjusted book value per share data for the three months ended in Jun. 2026 was NT$32.203. 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$30.89 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


GFC  (ROCO:4506) 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.


GFC Cyclically Adjusted PB Ratio Related Terms


GFC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for GFC'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.

GFC Cyclically Adjusted PB Ratio Chart

GFC 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 2.89 2.82 3.06 3.68 4.04

GFC 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 3.90 4.51 4.04 3.84 3.90

ROCO:4506 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, GFC'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.


GFC Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, GFC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:4506
93GF Score
GFC Ltd ROCO:4506
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GFC 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.

GFC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=123.00/30.89
=3.98

* 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.

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

For example, GFC'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)
=32.203/333.9520*333.9520
=32.203

Current CPI (Jun. 2026) = 333.9520.

GFC Quarterly Data

Book Value per Share CPI Adj_Book
201609 18.485 241.428 25.569
201612 18.926 241.432 26.179
201703 20.996 243.801 28.760
201706 19.599 244.955 26.720
201709 21.490 246.819 29.076
201712 22.237 246.524 30.123
201803 23.470 249.554 31.407
201806 21.209 251.989 28.108
201809 21.926 252.439 29.006
201812 22.810 251.233 30.320
201903 23.976 254.202 31.498
201906 22.329 256.143 29.112
201909 23.193 256.759 30.166
201912 24.009 256.974 31.201
202003 25.039 258.115 32.396
202006 23.234 257.797 30.097
202009 24.481 260.280 31.410
202012 25.178 260.474 32.281
202103 26.209 264.877 33.044
202106 24.208 271.696 29.755
202109 25.383 274.310 30.902
202112 26.736 278.802 32.025
202203 28.060 287.504 32.593
202206 25.891 296.311 29.180
202209 27.218 296.808 30.624
202212 27.935 296.797 31.432
202303 29.345 301.836 32.467
202306 27.324 305.109 29.907
202309 28.675 307.789 31.112
202312 29.505 306.746 32.122
202403 30.937 312.332 33.078
202406 28.395 314.175 30.182
202409 29.753 315.301 31.513
202412 31.168 315.605 32.980
202503 32.854 319.799 34.308
202506 29.751 322.561 30.802
202509 31.625 324.800 32.516
202512 33.010 324.054 34.018
202603 35.140 330.213 35.538
202606 32.203 333.952 32.203

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 3.98 mean?
GFC (ROCO:4506) has a Cyclically Adjusted PB Ratio of 3.98 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 GFC and its competitors. This is 31% above median its historical median of 3.04. Over the past decade, GFC's Cyclically Adjusted PB Ratio has ranged from 2.60 to 4.50. According to the industry distribution chart, GFC ranks #1546 out of 2159 companies in the Industrial Products industry, placing it in the top 71.6%.
Is GFC's Cyclically Adjusted PB Ratio too high?
GFC's current Cyclically Adjusted PB Ratio of 3.98 is 31% above median its 10-year median of 3.04. Over the past 10 years, this metric has ranged from a low of 2.60 to a high of 4.50. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.14. GFC's value of 3.98 is 86% above this industry median. Based on the distribution chart, GFC ranks #1546 out of 2159 companies in the Industrial Products industry, which is below the industry midpoint. Overall, GFC has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GFC's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, GFC ranks #1546 out of 2159 companies for Cyclically Adjusted PB Ratio. This places GFC in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.14. GFC's value of 3.98 is 86% above this benchmark. Historically, GFC's own Cyclically Adjusted PB Ratio has ranged from 2.60 to 4.50 over the past decade. While the company's 10-year median is 3.04 vs. the industry median of 2.14, GFC 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.14, based on 2,159 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. GFC's current Cyclically Adjusted PB Ratio of 3.98 is 86% 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 GFC and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GFC's current Cyclically Adjusted PB Ratio is 3.98, which is 31% above median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GFC stock overvalued right now?
Based on GuruFocus' analysis, GFC (ROCO:4506) is currently considered Fairly Valued. The stock's GF Value™ is NT$121.39, compared to a current price of NT$123.00 — trading 1.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.98, which is 31% above median its 10-year median of 3.04 and 86% above the Industrial Products industry median of 2.14. GFC's overall GF Score™ is 93/100 with 1 warning sign 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 GFC (ROCO:4506), the current Cyclically Adjusted PB Ratio is 3.98 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 GFC (ROCO:4506) Overvalued in 2026?

Based on GuruFocus' analysis, GFC stock appears to be overvalued. The current stock price of NT$123.00 is trading 1.3% above its estimated GF Value™ of NT$121.39. GuruFocus considers GFC to be Fairly Valued.

Key valuation signals for ROCO:4506:

  • Cyclically Adjusted PB Ratio: 3.98 (31% above median its 10-year median of 3.04)
  • GF Value™: NT$121.39 vs. price of NT$123.00 (1.3% above fair value)
  • GF Score™: 93/100 with 1 warning sign
  • Industry Position: 86% above the Industrial Products median (#1546 of 2159)

No single metric tells the full story. See the ROCO:4506 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GFC Business Description

Address Nanjing East Road, Section 2, No. 88, 13th Floor, Taipei, TWN
GFC Ltd is engaged in providing services like elevators, escalators, vacuum elevators, generators, etc. The company's products are used in offices and factories, shopping malls, hotels, mansions, hospitals, and other locations. Its reportable segments are: Sales and Maintenance. GFC generates maximum revenue from the Sales segment, which is responsible for the manufacturing and sale of elevators and generators. The Maintenance segment is responsible for the maintenance of elevators and generators. Geographically, the company generates maximum revenue from Taiwan, and the rest from Mainland China, Singapore, and other countries.
93GF Score

Get the complete analysis for ROCO:4506

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

NT$123.00
Price
NT$121.39
GF Value