Pan Asia Chemical (ROCO:4707) Cyclically Adjusted PB Ratio: 2.13 (As of Aug. 15, 2026) — 145% 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:4707 Pan Asia Chemical Corp ROCO:4707
39 GF Score
Price NT$31.50
GF Value NT$10.74
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Pan Asia Chemical Cyclically Adjusted PB Ratio?

Pan Asia Chemical ROCO:4707 -2.93% 39 Cyclically Adjusted PB Ratio is 2.13 as of Aug. 15, 2026, which is 145% above its 10-year median of 0.87. GuruFocus rates ROCO:4707 with a GF Score™ of 39/100 and a GF Value™ of NT$10.74 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,210 Chemicals companies, Pan Asia Chemical ranks worse than 60.33% on this metric.

As of today (2026-08-15), Pan Asia Chemical's current share price is NT$31.50. Pan Asia Chemical's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$14.76. Pan Asia Chemical's Cyclically Adjusted PB Ratio for today is 2.13.

The historical rank and industry rank for Pan Asia Chemical's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:4707' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65   Med: 0.87   Max: 2.74
Current: 2.13

During the past years, Pan Asia Chemical's highest Cyclically Adjusted PB Ratio was 2.74. The lowest was 0.65. And the median was 0.87.

ROCO:4707's Cyclically Adjusted PB Ratio is ranked worse than
60.33% of 1210 companies
in the Chemicals industry
Industry Median: 1.65 vs ROCO:4707: 2.13

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.

Pan Asia Chemical's adjusted book value per share data for the three months ended in Mar. 2026 was NT$15.981. 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$14.76 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pan Asia Chemical  (ROCO:4707) 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.


Pan Asia Chemical Cyclically Adjusted PB Ratio Related Terms


Pan Asia Chemical Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Pan Asia Chemical'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.

Pan Asia Chemical Cyclically Adjusted PB Ratio Chart

Pan Asia Chemical Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.89 0.83 0.91 1.00

Pan Asia Chemical Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 1.00 0.79 0.69 0.69 0.77

ROCO:4707 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Pan Asia Chemical'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.


Pan Asia Chemical Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Pan Asia Chemical's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Pan Asia Chemical's Cyclically Adjusted PB Ratio falls into.


ROCO:4707
39GF Score
Pan Asia Chemical Corp ROCO:4707
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pan Asia Chemical 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.

Pan Asia Chemical's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=31.50/14.76
=2.13

* 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.

Pan Asia Chemical's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pan Asia Chemical'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)
=15.981/330.2130*330.2130
=15.981

Current CPI (Mar. 2026) = 330.2130.

Pan Asia Chemical Quarterly Data

Book Value per Share CPI Adj_Book
201603 8.521 238.132 11.816
201606 8.109 241.018 11.110
201609 8.616 241.428 11.785
201612 9.324 241.432 12.753
201703 9.274 243.801 12.561
201706 9.265 244.955 12.490
201709 9.606 246.819 12.852
201712 10.512 246.524 14.081
201803 10.430 249.554 13.801
201806 11.007 251.989 14.424
201809 12.120 252.439 15.854
201812 11.439 251.233 15.035
201903 11.463 254.202 14.891
201906 11.169 256.143 14.399
201909 11.054 256.759 14.216
201912 11.310 256.974 14.533
202003 9.354 258.115 11.967
202006 10.427 257.797 13.356
202009 11.373 260.280 14.429
202012 13.955 260.474 17.691
202103 13.357 264.877 16.652
202106 14.425 271.696 17.532
202109 14.286 274.310 17.197
202112 14.430 278.802 17.091
202203 14.000 287.504 16.080
202206 13.143 296.311 14.647
202209 13.520 296.808 15.042
202212 14.067 296.797 15.651
202303 14.099 301.836 15.425
202306 14.246 305.109 15.418
202309 14.276 307.789 15.316
202312 14.896 306.746 16.036
202403 14.543 312.332 15.376
202406 15.104 314.175 15.875
202409 15.669 315.301 16.410
202412 14.929 315.605 15.620
202503 14.791 319.799 15.273
202506 14.155 322.561 14.491
202509 14.876 324.800 15.124
202603 15.981 330.213 15.981

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 2.13 mean?
Pan Asia Chemical (ROCO:4707) has a Cyclically Adjusted PB Ratio of 2.13 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 Pan Asia Chemical and its competitors. This is 145% above median its historical median of 0.87. Over the past decade, Pan Asia Chemical's Cyclically Adjusted PB Ratio has ranged from 0.65 to 2.74. According to the industry distribution chart, Pan Asia Chemical ranks #730 out of 1210 companies in the Chemicals industry, placing it in the top 60.3%.
Is Pan Asia Chemical's Cyclically Adjusted PB Ratio too high?
Pan Asia Chemical's current Cyclically Adjusted PB Ratio of 2.13 is 145% above median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 2.74. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.65. Pan Asia Chemical's value of 2.13 is 29.1% above this industry median. Based on the distribution chart, Pan Asia Chemical ranks #730 out of 1210 companies in the Chemicals industry, which is below the industry midpoint. Overall, Pan Asia Chemical has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan Asia Chemical's Cyclically Adjusted PB Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Pan Asia Chemical ranks #730 out of 1210 companies for Cyclically Adjusted PB Ratio. This places Pan Asia Chemical in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.65. Pan Asia Chemical's value of 2.13 is 29.1% above this benchmark. Historically, Pan Asia Chemical's own Cyclically Adjusted PB Ratio has ranged from 0.65 to 2.74 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 1.65, Pan Asia Chemical 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 a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.65, based on 1,210 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. Pan Asia Chemical's current Cyclically Adjusted PB Ratio of 2.13 is 29.1% 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 Pan Asia Chemical and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan Asia Chemical's current Cyclically Adjusted PB Ratio is 2.13, which is 145% above median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Asia Chemical stock overvalued right now?
Based on GuruFocus' analysis, Pan Asia Chemical (ROCO:4707) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$10.74, compared to a current price of NT$31.50 — trading 193.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.13, which is 145% above median its 10-year median of 0.87 and 29.1% above the Chemicals industry median of 1.65. Pan Asia Chemical's overall GF Score™ is 39/100 with 4 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 Pan Asia Chemical (ROCO:4707), the current Cyclically Adjusted PB Ratio is 2.13 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 Pan Asia Chemical (ROCO:4707) Overvalued in 2026?

Based on GuruFocus' analysis, Pan Asia Chemical stock appears to be overvalued. The current stock price of NT$31.50 is trading 193.3% above its estimated GF Value™ of NT$10.74. GuruFocus considers Pan Asia Chemical to be Significantly Overvalued.

Key valuation signals for ROCO:4707:

  • Cyclically Adjusted PB Ratio: 2.13 (145% above median its 10-year median of 0.87)
  • GF Value™: NT$10.74 vs. price of NT$31.50 (193.3% above fair value)
  • GF Score™: 39/100 with 4 warning signs
  • Industry Position: 29.1% above the Chemicals median (#730 of 1210)

No single metric tells the full story. See the ROCO:4707 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pan Asia Chemical Business Description

Address XinSheng South Road, 11th Floor, No.50, Section 1, Zhongzheng District, Taipei, TWN
Pan Asia Chemical Corp is engaged in the manufacturing and processing, trading and import and export trade business for a variety of non-ionic surfactants, which could be divided into two parts: Ethylene oxide derivative products and esterified products. The company's segments are: EOD Plant, Esterification Plant and others. The majority of revenue is derived from the EOD Plant.
39GF Score

Get the complete analysis for ROCO:4707

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

NT$31.50
Price
NT$10.74
GF Value