Winson Machinery Co (ROCO:4538) Cyclically Adjusted PB Ratio: 1.11 (As of Aug. 15, 2026) — Near Median

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ROCO:4538 Winson Machinery Co Ltd ROCO:4538
74 GF Score
Price NT$17.50
GF Value NT$18.42
Valuation Fairly Valued
! 5 Warning Signs
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What is Winson Machinery Co Cyclically Adjusted PB Ratio?

Winson Machinery Co ROCO:4538 -1.41% 74 Cyclically Adjusted PB Ratio is 1.11 as of Aug. 15, 2026, which is 7% below its 10-year median of 1.19. GuruFocus rates ROCO:4538 with a GF Score™ of 74/100 and a GF Value™ of NT$18.42 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,219 Industrial Products companies, Winson Machinery Co ranks better than 72.37% on this metric.

As of today (2026-08-15), Winson Machinery Co's current share price is NT$17.50. Winson Machinery Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$15.80. Winson Machinery Co's Cyclically Adjusted PB Ratio for today is 1.11.

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

ROCO:4538' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.08   Med: 1.19   Max: 1.61
Current: 1.11

During the past years, Winson Machinery Co's highest Cyclically Adjusted PB Ratio was 1.61. The lowest was 1.08. And the median was 1.19.

ROCO:4538's Cyclically Adjusted PB Ratio is ranked better than
72.37% of 2219 companies
in the Industrial Products industry
Industry Median: 2.17 vs ROCO:4538: 1.11

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.

Winson Machinery Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$14.789. 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$15.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Winson Machinery Co  (ROCO:4538) 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.


Winson Machinery Co Cyclically Adjusted PB Ratio Related Terms


Winson Machinery Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Winson 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.

Winson Machinery Co Cyclically Adjusted PB Ratio Chart

Winson Machinery 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 0.00 0.00 0.00 1.28 1.10

Winson Machinery 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 1.19 1.14 1.19 1.10 1.20

ROCO:4538 vs CRS, ATI, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, Winson 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.


Winson Machinery Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


ROCO:4538
74GF Score
Winson Machinery Co Ltd ROCO:4538
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Winson 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.50/15.80
=1.11

* 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.

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

For example, Winson Machinery 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)
=14.789/330.2130*330.2130
=14.789

Current CPI (Mar. 2026) = 330.2130.

Winson Machinery Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 10.554 238.638 14.604
201512 10.745 236.525 15.001
201606 10.650 241.018 14.591
201612 11.414 241.432 15.611
201706 11.588 244.955 15.621
201709 0.000 246.819 0.000
201712 12.230 246.524 16.382
201803 0.000 249.554 0.000
201806 11.669 251.989 15.291
201809 12.242 252.439 16.014
201812 12.773 251.233 16.788
201903 13.294 254.202 17.269
201906 12.487 256.143 16.098
201909 12.689 256.759 16.319
201912 12.958 256.974 16.651
202003 13.040 258.115 16.682
202006 12.989 257.797 16.638
202009 13.002 260.280 16.495
202012 13.227 260.474 16.768
202103 13.383 264.877 16.684
202106 12.756 271.696 15.503
202109 12.989 274.310 15.636
202112 13.192 278.802 15.625
202203 13.281 287.504 15.254
202206 13.192 296.311 14.701
202209 13.734 296.808 15.280
202212 14.399 296.797 16.020
202303 14.991 301.836 16.400
202306 14.894 305.109 16.119
202309 14.984 307.789 16.076
202312 15.301 306.746 16.472
202403 15.431 312.332 16.314
202406 14.649 314.175 15.397
202409 15.049 315.301 15.761
202412 14.757 315.605 15.440
202503 14.872 319.799 15.356
202506 14.473 322.561 14.816
202509 14.604 324.800 14.847
202512 14.684 324.054 14.963
202603 14.789 330.213 14.789

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 1.11 mean?
Winson Machinery Co (ROCO:4538) has a Cyclically Adjusted PB Ratio of 1.11 as of Aug. 15, 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 Winson Machinery Co and its competitors. This is near median its historical median of 1.19. Over the past decade, Winson Machinery Co's Cyclically Adjusted PB Ratio has ranged from 1.08 to 1.61. According to the industry distribution chart, Winson Machinery Co ranks #613 out of 2219 companies in the Industrial Products industry, placing it in the top 27.6%.
Is Winson Machinery Co's Cyclically Adjusted PB Ratio too high?
Winson Machinery Co's current Cyclically Adjusted PB Ratio of 1.11 is near median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 1.61. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. Winson Machinery Co's value of 1.11 is 48.8% below this industry median. Based on the distribution chart, Winson Machinery Co ranks #613 out of 2219 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Winson Machinery Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Winson Machinery Co's Cyclically Adjusted PB Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Winson Machinery Co ranks #613 out of 2219 companies for Cyclically Adjusted PB Ratio. This puts Winson Machinery Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.17. Winson Machinery Co's value of 1.11 is 48.8% below this benchmark. Historically, Winson Machinery Co's own Cyclically Adjusted PB Ratio has ranged from 1.08 to 1.61 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 2.17, Winson Machinery 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 2.17, based on 2,219 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. Winson Machinery Co's current Cyclically Adjusted PB Ratio of 1.11 is 48.8% 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 Winson Machinery Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winson Machinery Co's current Cyclically Adjusted PB Ratio is 1.11, which is near median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winson Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Winson Machinery Co (ROCO:4538) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.42, compared to a current price of NT$17.50 — trading 5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.11, which is near median its 10-year median of 1.19 and 48.8% below the Industrial Products industry median of 2.17. Winson Machinery Co's overall GF Score™ is 74/100 with 5 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 Winson Machinery Co (ROCO:4538), the current Cyclically Adjusted PB Ratio is 1.11 as of Aug. 15, 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 Winson Machinery Co (ROCO:4538) Overvalued in 2026?

Based on GuruFocus' analysis, Winson Machinery Co stock appears to be undervalued. The current stock price of NT$17.50 is trading 5% below its estimated GF Value™ of NT$18.42. GuruFocus considers Winson Machinery Co to be Fairly Valued.

Key valuation signals for ROCO:4538:

  • Cyclically Adjusted PB Ratio: 1.11 (near median its 10-year median of 1.19)
  • GF Value™: NT$18.42 vs. price of NT$17.50 (5% below fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 48.8% below the Industrial Products median (#613 of 2219)

No single metric tells the full story. See the ROCO:4538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Winson Machinery Co Business Description

Address No. 23, Lugang South 6th Road, Lugang Town, Changhua, TWN, 505
Winson Machinery Co Ltd is a Taiwan-based company specialized in large machine tool castings, ductile iron, and grey iron castings. It offers products such as beds for grinding M/C, heads for vertical milling M/C, beds for slant lathe, bed for lathe M/C, beams, tables, beds for CNC lathes, and others. The company also offers production equipment such as module furan sand mixer, induction furnace, casting ladle, 6-ton induction furnace, vertical sand blasting machine, and annealing furnace.
74GF Score

Get the complete analysis for ROCO:4538

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

NT$17.50
Price
NT$18.42
GF Value