Kuen Ling Machinery Refrigerating Co (ROCO:4527) Cyclically Adjusted PB Ratio: 1.84 (As of Aug. 17, 2026) — 11% Above Median

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ROCO:4527 Kuen Ling Machinery Refrigerating Co Ltd ROCO:4527
67 GF Score
Price NT$41.25
GF Value NT$37.47
Valuation Fairly Valued
! 2 Warning Signs
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What is Kuen Ling Machinery Refrigerating Co Cyclically Adjusted PB Ratio?

Kuen Ling Machinery Refrigerating Co ROCO:4527 +0.98% 67 Cyclically Adjusted PB Ratio is 1.84 as of Aug. 17, 2026, which is 11% above its 10-year median of 1.66. GuruFocus rates ROCO:4527 with a GF Score™ of 67/100 and a GF Value™ of NT$37.47 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,962 Hardware companies, Kuen Ling Machinery Refrigerating Co ranks better than 53.87% on this metric.

As of today (2026-08-17), Kuen Ling Machinery Refrigerating Co's current share price is NT$41.25. Kuen Ling Machinery Refrigerating Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$22.36. Kuen Ling Machinery Refrigerating Co's Cyclically Adjusted PB Ratio for today is 1.84.

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

ROCO:4527' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.26   Med: 1.66   Max: 2.95
Current: 1.84

During the past years, Kuen Ling Machinery Refrigerating Co's highest Cyclically Adjusted PB Ratio was 2.95. The lowest was 1.26. And the median was 1.66.

ROCO:4527's Cyclically Adjusted PB Ratio is ranked better than
53.87% of 1962 companies
in the Hardware industry
Industry Median: 2.115 vs ROCO:4527: 1.84

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.

Kuen Ling Machinery Refrigerating Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$21.415. 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$22.36 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kuen Ling Machinery Refrigerating Co  (ROCO:4527) 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.


Kuen Ling Machinery Refrigerating Co Cyclically Adjusted PB Ratio Related Terms


Kuen Ling Machinery Refrigerating Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kuen Ling Machinery Refrigerating 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.

Kuen Ling Machinery Refrigerating Co Cyclically Adjusted PB Ratio Chart

Kuen Ling Machinery Refrigerating 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 1.46 1.42 1.74 2.11 1.80

Kuen Ling Machinery Refrigerating 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 2.23 2.04 1.75 1.80 1.90

ROCO:4527 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Kuen Ling Machinery Refrigerating 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.


Kuen Ling Machinery Refrigerating Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Kuen Ling Machinery Refrigerating Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Kuen Ling Machinery Refrigerating Co's Cyclically Adjusted PB Ratio falls into.


ROCO:4527
67GF Score
Kuen Ling Machinery Refrigerating Co Ltd ROCO:4527
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Kuen Ling Machinery Refrigerating 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.

Kuen Ling Machinery Refrigerating Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=41.25/22.36
=1.84

* 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.

Kuen Ling Machinery Refrigerating Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kuen Ling Machinery Refrigerating 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)
=21.415/330.2130*330.2130
=21.415

Current CPI (Mar. 2026) = 330.2130.

Kuen Ling Machinery Refrigerating Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.638 241.018 21.425
201609 16.404 241.428 22.437
201612 17.314 241.432 23.681
201703 17.357 243.801 23.509
201706 15.862 244.955 21.383
201709 16.548 246.819 22.139
201712 17.274 246.524 23.138
201803 17.836 249.554 23.601
201806 16.476 251.989 21.591
201809 17.160 252.439 22.447
201812 17.986 251.233 23.640
201903 18.400 254.202 23.902
201906 16.740 256.143 21.581
201909 16.947 256.759 21.795
201912 17.814 256.974 22.891
202003 18.054 258.115 23.097
202006 17.472 257.797 22.380
202009 17.874 260.280 22.676
202012 18.893 260.474 23.951
202103 19.236 264.877 23.981
202106 19.601 271.696 23.823
202109 18.029 274.310 21.703
202112 18.818 278.802 22.288
202203 19.354 287.504 22.229
202206 17.973 296.311 20.029
202209 18.774 296.808 20.887
202212 20.174 296.797 22.445
202303 18.584 301.836 20.331
202306 19.036 305.109 20.602
202309 19.972 307.789 21.427
202312 21.347 306.746 22.980
202403 19.808 312.332 20.942
202406 21.030 314.175 22.104
202409 22.149 315.301 23.197
202412 23.584 315.605 24.676
202503 21.018 319.799 21.702
202506 20.305 322.561 20.787
202509 21.176 324.800 21.529
202512 23.575 324.054 24.023
202603 21.415 330.213 21.415

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 1.84 mean?
Kuen Ling Machinery Refrigerating Co (ROCO:4527) has a Cyclically Adjusted PB Ratio of 1.84 as of Aug. 17, 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 Kuen Ling Machinery Refrigerating Co and its competitors. This is 11% above median its historical median of 1.66. Over the past decade, Kuen Ling Machinery Refrigerating Co's Cyclically Adjusted PB Ratio has ranged from 1.26 to 2.95. According to the industry distribution chart, Kuen Ling Machinery Refrigerating Co ranks #905 out of 1962 companies in the Hardware industry, placing it in the top 46.1%.
Is Kuen Ling Machinery Refrigerating Co's Cyclically Adjusted PB Ratio too high?
Kuen Ling Machinery Refrigerating Co's current Cyclically Adjusted PB Ratio of 1.84 is 11% above median its 10-year median of 1.66. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 2.95. The Hardware industry median Cyclically Adjusted PB Ratio is 2.12. Kuen Ling Machinery Refrigerating Co's value of 1.84 is 13% below this industry median. Based on the distribution chart, Kuen Ling Machinery Refrigerating Co ranks #905 out of 1962 companies in the Hardware industry, which is above the industry midpoint. Overall, Kuen Ling Machinery Refrigerating Co has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kuen Ling Machinery Refrigerating Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Kuen Ling Machinery Refrigerating Co ranks #905 out of 1962 companies for Cyclically Adjusted PB Ratio. This puts Kuen Ling Machinery Refrigerating Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Kuen Ling Machinery Refrigerating Co's value of 1.84 is 13% below this benchmark. Historically, Kuen Ling Machinery Refrigerating Co's own Cyclically Adjusted PB Ratio has ranged from 1.26 to 2.95 over the past decade. While the company's 10-year median is 1.66 vs. the industry median of 2.12, Kuen Ling Machinery Refrigerating 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.12, based on 1,962 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. Kuen Ling Machinery Refrigerating Co's current Cyclically Adjusted PB Ratio of 1.84 is 13% 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 Kuen Ling Machinery Refrigerating Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuen Ling Machinery Refrigerating Co's current Cyclically Adjusted PB Ratio is 1.84, which is 11% above median its own 10-year median of 1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuen Ling Machinery Refrigerating Co stock overvalued right now?
Based on GuruFocus' analysis, Kuen Ling Machinery Refrigerating Co (ROCO:4527) is currently considered Fairly Valued. The stock's GF Value™ is NT$37.47, compared to a current price of NT$41.25 — trading 10.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.84, which is 11% above median its 10-year median of 1.66 and 13% below the Hardware industry median of 2.12. Kuen Ling Machinery Refrigerating Co's overall GF Score™ is 67/100 with 2 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 Kuen Ling Machinery Refrigerating Co (ROCO:4527), the current Cyclically Adjusted PB Ratio is 1.84 as of Aug. 17, 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 Kuen Ling Machinery Refrigerating Co (ROCO:4527) Overvalued in 2026?

Based on GuruFocus' analysis, Kuen Ling Machinery Refrigerating Co stock appears to be overvalued. The current stock price of NT$41.25 is trading 10.1% above its estimated GF Value™ of NT$37.47. GuruFocus considers Kuen Ling Machinery Refrigerating Co to be Fairly Valued.

Key valuation signals for ROCO:4527:

  • Cyclically Adjusted PB Ratio: 1.84 (11% above median its 10-year median of 1.66)
  • GF Value™: NT$37.47 vs. price of NT$41.25 (10.1% above fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 13% below the Hardware median (#905 of 1962)

No single metric tells the full story. See the ROCO:4527 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kuen Ling Machinery Refrigerating Co Business Description

Address No.300, Chihkan North Road, Ziguan District, Kaohsiung, TWN, 826
Kuen Ling Machinery Refrigerating Co Ltd is engaged in the installation, maintenance, repair, assembly, manufacturing, processing, buying and selling, domestic and international sales, and leasing of condensers, ice water coolers, ice water units, and refrigeration units. Its products are water-cooled centrifugal, screw type, flooded type chiller units, air-cooled chiller unit, computer room packaged chiller units, thermal storage ice tank, and vacuum freeze-dried equipment. There are three segments of the Group, which are operation bases in Taiwan, Mainland China and Vietnam regions.
67GF Score

Get the complete analysis for ROCO:4527

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

NT$41.25
Price
NT$37.47
GF Value