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Kao Fong Machinery Co (ROCO:4510) Cyclically Adjusted PB Ratio : 2.17 (As of May. 29, 2025)


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What is Kao Fong Machinery Co Cyclically Adjusted PB Ratio?

As of today (2025-05-29), Kao Fong Machinery Co's current share price is NT$49.80. Kao Fong Machinery Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$22.98. Kao Fong Machinery Co's Cyclically Adjusted PB Ratio for today is 2.17.

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

ROCO:4510' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.63   Max: 2.66
Current: 2.24

During the past years, Kao Fong Machinery Co's highest Cyclically Adjusted PB Ratio was 2.66. The lowest was 0.40. And the median was 0.63.

ROCO:4510's Cyclically Adjusted PB Ratio is ranked worse than
54.22% of 2123 companies
in the Industrial Products industry
Industry Median: 1.97 vs ROCO:4510: 2.24

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.

Kao Fong Machinery Co's adjusted book value per share data for the three months ended in Mar. 2025 was NT$18.445. 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$22.98 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kao Fong Machinery Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Kao Fong Machinery 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.

* Premium members only.

Kao Fong Machinery Co Cyclically Adjusted PB Ratio Chart

Kao Fong Machinery Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 0.59 0.47 0.71 2.14

Kao Fong Machinery Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.76 0.72 2.01 2.14 2.00

Competitive Comparison of Kao Fong Machinery Co's Cyclically Adjusted PB Ratio

For the Specialty Industrial Machinery subindustry, Kao Fong Machinery 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.


Kao Fong Machinery Co's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

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

* The bar in red indicates where Kao Fong Machinery Co's Cyclically Adjusted PB Ratio falls into.


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Kao Fong Machinery 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.

Kao Fong Machinery Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=49.80/22.98
=2.17

* 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.

Kao Fong Machinery Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Kao Fong Machinery Co's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=18.445/134.9266*134.9266
=18.445

Current CPI (Mar. 2025) = 134.9266.

Kao Fong Machinery Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 18.579 100.684 24.898
201509 19.547 100.392 26.271
201512 20.151 99.792 27.246
201603 21.196 100.470 28.465
201606 21.188 101.688 28.114
201609 21.546 101.861 28.540
201612 20.077 101.863 26.594
201703 20.104 102.862 26.371
201706 20.955 103.349 27.358
201709 21.239 104.136 27.519
201712 21.291 104.011 27.619
201803 20.253 105.290 25.954
201806 21.561 106.317 27.363
201809 21.510 106.507 27.250
201812 20.849 105.998 26.539
201903 20.484 107.251 25.770
201906 19.060 108.070 23.797
201909 19.799 108.329 24.660
201912 19.395 108.420 24.137
202003 17.096 108.902 21.182
202006 18.906 108.767 23.453
202009 18.551 109.815 22.793
202012 19.054 109.897 23.394
202103 19.565 111.754 23.622
202106 18.856 114.631 22.194
202109 17.941 115.734 20.916
202112 17.879 117.630 20.508
202203 17.421 121.301 19.378
202206 16.186 125.017 17.469
202209 18.464 125.227 19.894
202212 16.981 125.222 18.297
202303 17.326 127.348 18.357
202306 17.334 128.729 18.169
202309 17.578 129.860 18.264
202312 17.206 129.419 17.938
202403 16.653 131.776 17.051
202406 16.999 132.554 17.303
202409 17.387 133.029 17.635
202412 18.137 133.157 18.378
202503 18.445 134.927 18.445

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.


Kao Fong Machinery Co  (ROCO:4510) 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.


Kao Fong Machinery Co Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Kao Fong Machinery Co's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Kao Fong Machinery Co Business Description

Traded in Other Exchanges
N/A
Address
No.16, Keya Road, Daya district, Taichung, TWN, 42881
Kao Fong Machinery Co Ltd is engaged in the manufacture and distribution of machine tools and machinery equipment in Taiwan. Its products consist of vertical machining centers, horizontal machining centers, numerical control milling machines, as well as bridge machining centers.

Kao Fong Machinery Co Headlines

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