Tianyi Water Energy Solutions (ROCO:4530) Cyclically Adjusted PB Ratio: 1.55 (As of Jul. 22, 2026) — 48% Above Median

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ROCO:4530 Tianyi Water Energy Solutions Inc ROCO:4530
63 GF Score
Price NT$25.45
GF Value NT$41.29
Valuation Possible Value Trap
! 1 Warning Sign
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What is Tianyi Water Energy Solutions Cyclically Adjusted PB Ratio?

Tianyi Water Energy Solutions ROCO:4530 -5.57% 63 Cyclically Adjusted PB Ratio is 1.55 as of Jul. 22, 2026, which is 48% above its 10-year median of 1.05. GuruFocus rates ROCO:4530 with a GF Score™ of 63/100 and a GF Value™ of NT$41.29 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 2,285 Industrial Products companies, Tianyi Water Energy Solutions ranks better than 60.92% on this metric.

As of today (2026-07-22), Tianyi Water Energy Solutions's current share price is NT$25.45. Tianyi Water Energy Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$16.45. Tianyi Water Energy Solutions's Cyclically Adjusted PB Ratio for today is 1.55.

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

ROCO:4530' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.05   Max: 2.02
Current: 1.58

During the past years, Tianyi Water Energy Solutions's highest Cyclically Adjusted PB Ratio was 2.02. The lowest was 0.74. And the median was 1.05.

ROCO:4530's Cyclically Adjusted PB Ratio is ranked better than
60.92% of 2285 companies
in the Industrial Products industry
Industry Median: 2.12 vs ROCO:4530: 1.58

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.

Tianyi Water Energy Solutions's adjusted book value per share data for the three months ended in Dec. 2025 was NT$13.022. 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$16.45 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tianyi Water Energy Solutions  (ROCO:4530) 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.


Tianyi Water Energy Solutions Cyclically Adjusted PB Ratio Related Terms


Tianyi Water Energy Solutions Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tianyi Water Energy Solutions'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.

Tianyi Water Energy Solutions Cyclically Adjusted PB Ratio Chart

Tianyi Water Energy Solutions 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 1.13 0.85 0.87 1.93 1.76

Tianyi Water Energy Solutions Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 1.93 1.71 1.68 1.74 1.76

ROCO:4530 vs CRS, ATI, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, Tianyi Water Energy Solutions'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.


Tianyi Water Energy Solutions Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

* The bar in red indicates where Tianyi Water Energy Solutions's Cyclically Adjusted PB Ratio falls into.


ROCO:4530
63GF Score
Tianyi Water Energy Solutions Inc ROCO:4530
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tianyi Water Energy Solutions 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.

Tianyi Water Energy Solutions's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=25.45/16.45
=1.55

* 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.

Tianyi Water Energy Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Tianyi Water Energy Solutions's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=13.022/324.0540*324.0540
=13.022

Current CPI (Dec. 2025) = 324.0540.

Tianyi Water Energy Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201603 11.758 238.132 16.000
201606 10.525 241.018 14.151
201609 18.012 241.428 24.176
201612 18.044 241.432 24.219
201703 17.119 243.801 22.754
201706 16.933 244.955 22.401
201709 16.825 246.819 22.090
201712 16.658 246.524 21.897
201803 17.313 249.554 22.481
201806 17.286 251.989 22.230
201809 17.036 252.439 21.869
201812 17.163 251.233 22.138
201903 16.944 254.202 21.600
201906 16.728 256.143 21.163
201909 16.501 256.759 20.826
201912 16.221 256.974 20.455
202003 15.947 258.115 20.021
202006 15.738 257.797 19.783
202009 15.768 260.280 19.631
202012 15.006 260.474 18.669
202103 14.539 264.877 17.787
202106 14.124 271.696 16.846
202109 14.174 274.310 16.744
202112 13.924 278.802 16.184
202203 13.797 287.504 15.551
202206 12.520 296.311 13.692
202209 12.545 296.808 13.697
202212 12.058 296.797 13.165
202303 11.583 301.836 12.436
202306 10.892 305.109 11.568
202309 10.231 307.789 10.772
202312 8.799 306.746 9.295
202403 8.210 312.332 8.518
202406 7.792 314.175 8.037
202409 6.681 315.301 6.866
202412 9.278 315.605 9.526
202503 9.105 319.799 9.226
202506 8.815 322.561 8.856
202509 7.686 324.800 7.668
202512 13.022 324.054 13.022

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 1.55 mean?
Tianyi Water Energy Solutions (ROCO:4530) has a Cyclically Adjusted PB Ratio of 1.55 as of Jul. 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 Tianyi Water Energy Solutions and its competitors. This is 48% above median its historical median of 1.05. Over the past decade, Tianyi Water Energy Solutions' Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.02. According to the industry distribution chart, Tianyi Water Energy Solutions ranks #893 out of 2285 companies in the Industrial Products industry, placing it in the top 39.1%.
Is Tianyi Water Energy Solutions' Cyclically Adjusted PB Ratio too high?
Tianyi Water Energy Solutions' current Cyclically Adjusted PB Ratio of 1.55 is 48% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 2.02. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.12. Tianyi Water Energy Solutions' value of 1.55 is 26.9% below this industry median. Based on the distribution chart, Tianyi Water Energy Solutions ranks #893 out of 2285 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Tianyi Water Energy Solutions has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tianyi Water Energy Solutions' Cyclically Adjusted PB Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Tianyi Water Energy Solutions ranks #893 out of 2285 companies for Cyclically Adjusted PB Ratio. This puts Tianyi Water Energy Solutions in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Tianyi Water Energy Solutions' value of 1.55 is 26.9% below this benchmark. Historically, Tianyi Water Energy Solutions' own Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.02 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 2.12, Tianyi Water Energy Solutions 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.12, based on 2,285 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. Tianyi Water Energy Solutions's current Cyclically Adjusted PB Ratio of 1.55 is 26.9% 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 Tianyi Water Energy Solutions and its competitors. For the Industrial Products 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. Tianyi Water Energy Solutions's current Cyclically Adjusted PB Ratio is 1.55, which is 48% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianyi Water Energy Solutions stock overvalued right now?
Based on GuruFocus' analysis, Tianyi Water Energy Solutions (ROCO:4530) is currently considered Possible Value Trap. The stock's GF Value™ is NT$41.29, compared to a current price of NT$25.45 — trading 38.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.55, which is 48% above median its 10-year median of 1.05 and 26.9% below the Industrial Products industry median of 2.12. Tianyi Water Energy Solutions' overall GF Score™ is 63/100 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 Tianyi Water Energy Solutions (ROCO:4530), the current Cyclically Adjusted PB Ratio is 1.55 as of Jul. 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 Tianyi Water Energy Solutions (ROCO:4530) Overvalued in 2026?

Based on GuruFocus' analysis, Tianyi Water Energy Solutions stock appears to be undervalued. The current stock price of NT$25.45 is trading 38.4% below its estimated GF Value™ of NT$41.29. GuruFocus considers Tianyi Water Energy Solutions to be Possible Value Trap.

Key valuation signals for ROCO:4530:

  • Cyclically Adjusted PB Ratio: 1.55 (48% above median its 10-year median of 1.05)
  • GF Value™: NT$41.29 vs. price of NT$25.45 (38.4% below fair value)
  • GF Score™: 63/100 with 1 warning sign
  • Industry Position: 26.9% below the Industrial Products median (#893 of 2285)

No single metric tells the full story. See the ROCO:4530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tianyi Water Energy Solutions Business Description

Address Sec. 2, Chang\'an E. Road, 12th Floor-4, No. 112, Zhongshan Dist, Taipei, TWN, 104
Honyi International Co Ltd is engaged in processing and trading of metal forging, treatment of wastewater and sewage, wholesale of industrial additives, and construction of environmental protection engineering projects. Its segments include catering segment, metal forging and processing segment, environmental engineering segment, and other segments. The majority of the revenue is derived from the environmental engineering segment.
63GF Score

Get the complete analysis for ROCO:4530

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

NT$25.45
Price
NT$41.29
GF Value