Shieh Yih Machinery Industry Co (ROCO:4533) Cyclically Adjusted PB Ratio: 1.43 (As of Aug. 12, 2026) — 101% Above 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:4533 Shieh Yih Machinery Industry Co Ltd ROCO:4533
73 GF Score
Price NT$26.80
GF Value NT$30.09
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Shieh Yih Machinery Industry Co Cyclically Adjusted PB Ratio?

Shieh Yih Machinery Industry Co ROCO:4533 +0.37% 73 Cyclically Adjusted PB Ratio is 1.43 as of Aug. 12, 2026, which is 101% above its 10-year median of 0.71. GuruFocus rates ROCO:4533 with a GF Score™ of 73/100 and a GF Value™ of NT$30.09 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,234 Industrial Products companies, Shieh Yih Machinery Industry Co ranks better than 67.19% on this metric.

As of today (2026-08-12), Shieh Yih Machinery Industry Co's current share price is NT$26.80. Shieh Yih Machinery Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$18.73. Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio for today is 1.43.

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

ROCO:4533' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 0.71   Max: 2.69
Current: 1.31

During the past years, Shieh Yih Machinery Industry Co's highest Cyclically Adjusted PB Ratio was 2.69. The lowest was 0.55. And the median was 0.71.

ROCO:4533's Cyclically Adjusted PB Ratio is ranked better than
67.19% of 2234 companies
in the Industrial Products industry
Industry Median: 2.185 vs ROCO:4533: 1.31

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.

Shieh Yih Machinery Industry Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$16.584. 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$18.73 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shieh Yih Machinery Industry Co  (ROCO:4533) 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.


Shieh Yih Machinery Industry Co Cyclically Adjusted PB Ratio Related Terms


Shieh Yih Machinery Industry Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shieh Yih Machinery Industry 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.

Shieh Yih Machinery Industry Co Cyclically Adjusted PB Ratio Chart

Shieh Yih Machinery Industry 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 0.71 0.57 1.45 1.99 1.18

Shieh Yih Machinery Industry 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 1.76 1.40 1.19 1.18 1.64

ROCO:4533 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Shieh Yih Machinery Industry 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.


Shieh Yih Machinery Industry Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

* The bar in red indicates where Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio falls into.


ROCO:4533
73GF Score
Shieh Yih Machinery Industry Co Ltd ROCO:4533
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shieh Yih Machinery Industry 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.

Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.80/18.73
=1.43

* 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.

Shieh Yih Machinery Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Shieh Yih Machinery Industry 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)
=16.584/330.2130*330.2130
=16.584

Current CPI (Mar. 2026) = 330.2130.

Shieh Yih Machinery Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 16.458 241.018 22.549
201609 16.509 241.428 22.580
201612 16.112 241.432 22.037
201703 15.379 243.801 20.830
201706 15.368 244.955 20.717
201709 15.635 246.819 20.918
201712 15.801 246.524 21.165
201803 15.868 249.554 20.997
201806 15.757 251.989 20.648
201809 15.408 252.439 20.155
201812 15.903 251.233 20.902
201903 15.996 254.202 20.779
201906 15.521 256.143 20.009
201909 15.242 256.759 19.602
201912 15.263 256.974 19.613
202003 14.865 258.115 19.017
202006 14.748 257.797 18.891
202009 14.760 260.280 18.726
202012 14.987 260.474 19.000
202103 14.696 264.877 18.321
202106 14.795 271.696 17.981
202109 14.857 274.310 17.885
202112 15.057 278.802 17.834
202203 15.160 287.504 17.412
202206 15.079 296.311 16.804
202209 15.706 296.808 17.474
202212 15.313 296.797 17.037
202303 15.323 301.836 16.764
202306 16.055 305.109 17.376
202309 16.630 307.789 17.842
202312 16.291 306.746 17.537
202403 16.038 312.332 16.956
202406 16.146 314.175 16.970
202409 16.550 315.301 17.333
202412 16.949 315.605 17.733
202503 16.231 319.799 16.760
202506 14.888 322.561 15.241
202509 15.499 324.800 15.757
202512 16.333 324.054 16.643
202603 16.584 330.213 16.584

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 1.43 mean?
Shieh Yih Machinery Industry Co (ROCO:4533) has a Cyclically Adjusted PB Ratio of 1.43 as of Aug. 12, 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 Shieh Yih Machinery Industry Co and its competitors. This is 101% above median its historical median of 0.71. Over the past decade, Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.69. According to the industry distribution chart, Shieh Yih Machinery Industry Co ranks #733 out of 2234 companies in the Industrial Products industry, placing it in the top 32.8%.
Is Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio too high?
Shieh Yih Machinery Industry Co's current Cyclically Adjusted PB Ratio of 1.43 is 101% above median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.69. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.19. Shieh Yih Machinery Industry Co's value of 1.43 is 34.6% below this industry median. Based on the distribution chart, Shieh Yih Machinery Industry Co ranks #733 out of 2234 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shieh Yih Machinery Industry Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shieh Yih Machinery Industry Co's Cyclically Adjusted PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Shieh Yih Machinery Industry Co ranks #733 out of 2234 companies for Cyclically Adjusted PB Ratio. This puts Shieh Yih Machinery Industry Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.19. Shieh Yih Machinery Industry Co's value of 1.43 is 34.6% below this benchmark. Historically, Shieh Yih Machinery Industry Co's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 2.69 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 2.19, Shieh Yih Machinery Industry 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.19, based on 2,234 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. Shieh Yih Machinery Industry Co's current Cyclically Adjusted PB Ratio of 1.43 is 34.6% 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 Shieh Yih Machinery Industry Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shieh Yih Machinery Industry Co's current Cyclically Adjusted PB Ratio is 1.43, which is 101% above median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shieh Yih Machinery Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Shieh Yih Machinery Industry Co (ROCO:4533) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.09, compared to a current price of NT$26.80 — trading 10.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.43, which is 101% above median its 10-year median of 0.71 and 34.6% below the Industrial Products industry median of 2.19. Shieh Yih Machinery Industry Co's overall GF Score™ is 73/100 with 3 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 Shieh Yih Machinery Industry Co (ROCO:4533), the current Cyclically Adjusted PB Ratio is 1.43 as of Aug. 12, 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 Shieh Yih Machinery Industry Co (ROCO:4533) Overvalued in 2026?

Based on GuruFocus' analysis, Shieh Yih Machinery Industry Co stock appears to be undervalued. The current stock price of NT$26.80 is trading 10.9% below its estimated GF Value™ of NT$30.09. GuruFocus considers Shieh Yih Machinery Industry Co to be Modestly Undervalued.

Key valuation signals for ROCO:4533:

  • Cyclically Adjusted PB Ratio: 1.43 (101% above median its 10-year median of 0.71)
  • GF Value™: NT$30.09 vs. price of NT$26.80 (10.9% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 34.6% below the Industrial Products median (#733 of 2234)

No single metric tells the full story. See the ROCO:4533 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shieh Yih Machinery Industry Co Business Description

Address No.446, Nanshang Road, Guishan District, Taoyuan, TWN, 333014
Shieh Yih Machinery Industry Co Ltd designs, develops, manufactures, and sells machinery, and provides IT software services and other design services. The company derives the majority of its revenue from sales of equipment. Its products comprise Straight Side Crank Servo Press, Straight Side Eccentric Gear Press, Link motion Press, and other products. Geographically, the company operates in China, Taiwan, America, Europe and others.
73GF Score

Get the complete analysis for ROCO:4533

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

NT$26.80
Price
NT$30.09
GF Value