Bright Sheland International Co (ROCO:4556) Cyclically Adjusted PB Ratio: 3.90 (As of Aug. 15, 2026) — 173% 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:4556 Bright Sheland International Co Ltd ROCO:4556
53 GF Score
Price NT$85.40
GF Value NT$35.25
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Bright Sheland International Co Cyclically Adjusted PB Ratio?

Bright Sheland International Co ROCO:4556 -6.05% 53 Cyclically Adjusted PB Ratio is 3.90 as of Aug. 15, 2026, which is 173% above its 10-year median of 1.43. GuruFocus rates ROCO:4556 with a GF Score™ of 53/100 and a GF Value™ of NT$35.25 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,219 Industrial Products companies, Bright Sheland International Co ranks worse than 69.58% on this metric.

As of today (2026-08-15), Bright Sheland International Co's current share price is NT$85.40. Bright Sheland International Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$21.91. Bright Sheland International Co's Cyclically Adjusted PB Ratio for today is 3.90.

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

ROCO:4556' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.43   Max: 5.84
Current: 3.9

During the past years, Bright Sheland International Co's highest Cyclically Adjusted PB Ratio was 5.84. The lowest was 1.04. And the median was 1.43.

ROCO:4556's Cyclically Adjusted PB Ratio is ranked worse than
69.58% of 2219 companies
in the Industrial Products industry
Industry Median: 2.17 vs ROCO:4556: 3.90

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.

Bright Sheland International Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$19.924. 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$21.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bright Sheland International Co  (ROCO:4556) 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.


Bright Sheland International Co Cyclically Adjusted PB Ratio Related Terms


Bright Sheland International Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bright Sheland International 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.

Bright Sheland International Co Cyclically Adjusted PB Ratio Chart

Bright Sheland International 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 1.37 1.49 1.10

Bright Sheland International 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 1.36 1.11 1.11 1.10 1.21

ROCO:4556 vs VLTO, ZWS, CECO: Cyclically Adjusted PB Ratio Comparison

For the Pollution & Treatment Controls subindustry, Bright Sheland International 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.


Bright Sheland International Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

* The bar in red indicates where Bright Sheland International Co's Cyclically Adjusted PB Ratio falls into.


ROCO:4556
53GF Score
Bright Sheland International Co Ltd ROCO:4556
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bright Sheland International 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.

Bright Sheland International Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=85.40/21.91
=3.90

* 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.

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

For example, Bright Sheland International 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)
=19.924/330.2130*330.2130
=19.924

Current CPI (Mar. 2026) = 330.2130.

Bright Sheland International Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 16.518 241.018 22.631
201609 16.309 241.428 22.307
201612 16.440 241.432 22.485
201703 15.863 243.801 21.485
201706 15.844 244.955 21.359
201709 15.980 246.819 21.379
201712 16.195 246.524 21.693
201803 16.302 249.554 21.571
201806 16.583 251.989 21.731
201809 17.096 252.439 22.363
201812 17.568 251.233 23.091
201903 19.854 254.202 25.791
201906 18.809 256.143 24.248
201909 18.917 256.759 24.329
201912 18.843 256.974 24.213
202003 18.797 258.115 24.047
202006 18.002 257.797 23.059
202009 18.347 260.280 23.277
202012 18.532 260.474 23.494
202103 18.313 264.877 22.830
202106 18.720 271.696 22.752
202109 18.451 274.310 22.211
202112 18.465 278.802 21.870
202203 19.086 287.504 21.921
202206 18.971 296.311 21.142
202209 20.043 296.808 22.299
202212 19.848 296.797 22.083
202303 19.778 301.836 21.637
202306 19.622 305.109 21.236
202309 20.018 307.789 21.476
202312 19.153 306.746 20.618
202403 19.741 312.332 20.871
202406 19.533 314.175 20.530
202409 19.778 315.301 20.713
202412 19.668 315.605 20.578
202503 19.892 319.799 20.540
202506 17.526 322.561 17.942
202509 18.392 324.800 18.699
202512 19.514 324.054 19.885
202603 19.924 330.213 19.924

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 3.90 mean?
Bright Sheland International Co (ROCO:4556) has a Cyclically Adjusted PB Ratio of 3.90 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 Bright Sheland International Co and its competitors. This is 173% above median its historical median of 1.43. Over the past decade, Bright Sheland International Co's Cyclically Adjusted PB Ratio has ranged from 1.04 to 5.84. According to the industry distribution chart, Bright Sheland International Co ranks #1544 out of 2219 companies in the Industrial Products industry, placing it in the top 69.6%.
Is Bright Sheland International Co's Cyclically Adjusted PB Ratio too high?
Bright Sheland International Co's current Cyclically Adjusted PB Ratio of 3.90 is 173% above median its 10-year median of 1.43. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 5.84. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. Bright Sheland International Co's value of 3.90 is 79.7% above this industry median. Based on the distribution chart, Bright Sheland International Co ranks #1544 out of 2219 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Bright Sheland International Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bright Sheland International Co's Cyclically Adjusted PB Ratio compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Bright Sheland International Co ranks #1544 out of 2219 companies for Cyclically Adjusted PB Ratio. This places Bright Sheland International Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.17. Bright Sheland International Co's value of 3.90 is 79.7% above this benchmark. Historically, Bright Sheland International Co's own Cyclically Adjusted PB Ratio has ranged from 1.04 to 5.84 over the past decade. While the company's 10-year median is 1.43 vs. the industry median of 2.17, Bright Sheland International Co has consistently been above 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. Bright Sheland International Co's current Cyclically Adjusted PB Ratio of 3.90 is 79.7% above 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 Bright Sheland International 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. Bright Sheland International Co's current Cyclically Adjusted PB Ratio is 3.90, which is 173% above median its own 10-year median of 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Sheland International Co stock overvalued right now?
Based on GuruFocus' analysis, Bright Sheland International Co (ROCO:4556) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$35.25, compared to a current price of NT$85.40 — trading 142.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.90, which is 173% above median its 10-year median of 1.43 and 79.7% above the Industrial Products industry median of 2.17. Bright Sheland International Co's overall GF Score™ is 53/100 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 Bright Sheland International Co (ROCO:4556), the current Cyclically Adjusted PB Ratio is 3.90 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 Bright Sheland International Co (ROCO:4556) Overvalued in 2026?

Based on GuruFocus' analysis, Bright Sheland International Co stock appears to be overvalued. The current stock price of NT$85.40 is trading 142.3% above its estimated GF Value™ of NT$35.25. GuruFocus considers Bright Sheland International Co to be Significantly Overvalued.

Key valuation signals for ROCO:4556:

  • Cyclically Adjusted PB Ratio: 3.90 (173% above median its 10-year median of 1.43)
  • GF Value™: NT$35.25 vs. price of NT$85.40 (142.3% above fair value)
  • GF Score™: 53/100 with 1 warning sign
  • Industry Position: 79.7% above the Industrial Products median (#1544 of 2219)

No single metric tells the full story. See the ROCO:4556 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bright Sheland International Co Business Description

Address No. 15, Kejia 6th Road, Yunlin Science and Technology Industrial Zone, Yunlin County, Douliu, TWN, 640-57
Bright Sheland International Co Ltd is a Taiwan-based company focused on industrial filtration and separation systems. The products of the company include Cartridges and Housing, Melt Blown Cartridges, Winding Cartridges, Activated Carbon Filter Cartridges, and Glass Fiber Filter Cartridges among others.
53GF Score

Get the complete analysis for ROCO:4556

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

NT$85.40
Price
NT$35.25
GF Value