HTM International Holding (ROCO:4924) Cyclically Adjusted PB Ratio: 0.92 (As of Aug. 20, 2026) — 23% Below Median

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ROCO:4924 HTM International Holding Ltd ROCO:4924
61 GF Score
Price NT$9.76
GF Value NT$17.18
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is HTM International Holding Cyclically Adjusted PB Ratio?

HTM International Holding ROCO:4924 +2.20% 61 Cyclically Adjusted PB Ratio is 0.92 as of Aug. 20, 2026, which is 23% below its 10-year median of 1.19. GuruFocus rates ROCO:4924 with a GF Score™ of 61/100 and a GF Value™ of NT$17.18 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,953 Hardware companies, HTM International Holding ranks better than 73.43% on this metric.

As of today (2026-08-20), HTM International Holding's current share price is NT$9.76. HTM International Holding's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$10.56. HTM International Holding's Cyclically Adjusted PB Ratio for today is 0.92.

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

ROCO:4924' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.48   Med: 1.19   Max: 2.56
Current: 0.93

During the past years, HTM International Holding's highest Cyclically Adjusted PB Ratio was 2.56. The lowest was 0.48. And the median was 1.19.

ROCO:4924's Cyclically Adjusted PB Ratio is ranked better than
73.43% of 1953 companies
in the Hardware industry
Industry Median: 2.09 vs ROCO:4924: 0.93

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.

HTM International Holding's adjusted book value per share data for the three months ended in Mar. 2026 was NT$10.860. 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$10.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


HTM International Holding  (ROCO:4924) 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.


HTM International Holding Cyclically Adjusted PB Ratio Related Terms


HTM International Holding Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for HTM International Holding'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.

HTM International Holding Cyclically Adjusted PB Ratio Chart

HTM International Holding 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 1.38 1.22 1.30 1.62 1.09

HTM International Holding 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 1.78 1.50 1.25 1.09 0.97

ROCO:4924 vs DELL, ANET, SNDK: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, HTM International Holding'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.


HTM International Holding Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, HTM International Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where HTM International Holding's Cyclically Adjusted PB Ratio falls into.


ROCO:4924
61GF Score
HTM International Holding Ltd ROCO:4924
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HTM International Holding 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.

HTM International Holding's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.76/10.56
=0.92

* 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.

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

For example, HTM International Holding'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)
=10.86/330.2130*330.2130
=10.860

Current CPI (Mar. 2026) = 330.2130.

HTM International Holding Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.717 241.018 13.313
201609 9.032 241.428 12.354
201612 8.632 241.432 11.806
201703 7.868 243.801 10.657
201706 7.856 244.955 10.590
201709 7.842 246.819 10.492
201712 7.799 246.524 10.447
201803 7.735 249.554 10.235
201806 7.836 251.989 10.269
201809 7.711 252.439 10.087
201812 7.823 251.233 10.282
201903 7.944 254.202 10.319
201906 7.865 256.143 10.139
201909 7.763 256.759 9.984
201912 7.622 256.974 9.794
202003 7.600 258.115 9.723
202006 7.820 257.797 10.017
202009 8.255 260.280 10.473
202012 8.446 260.474 10.707
202103 8.707 264.877 10.855
202106 8.681 271.696 10.551
202109 8.919 274.310 10.737
202112 9.410 278.802 11.145
202203 10.058 287.504 11.552
202206 9.992 296.311 11.135
202209 10.408 296.808 11.579
202212 10.497 296.797 11.679
202303 10.327 301.836 11.298
202306 9.509 305.109 10.291
202309 9.652 307.789 10.355
202312 9.097 306.746 9.793
202403 9.484 312.332 10.027
202406 9.605 314.175 10.095
202409 9.675 315.301 10.133
202412 9.539 315.605 9.981
202503 9.746 319.799 10.063
202506 8.558 322.561 8.761
202509 9.459 324.800 9.617
202512 10.024 324.054 10.215
202603 10.860 330.213 10.860

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 0.92 mean?
HTM International Holding (ROCO:4924) has a Cyclically Adjusted PB Ratio of 0.92 as of Aug. 20, 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 HTM International Holding and its competitors. This is 23% below median its historical median of 1.19. Over the past decade, HTM International Holding's Cyclically Adjusted PB Ratio has ranged from 0.48 to 2.56. According to the industry distribution chart, HTM International Holding ranks #519 out of 1953 companies in the Hardware industry, placing it in the top 26.6%.
Is HTM International Holding's Cyclically Adjusted PB Ratio too high?
HTM International Holding's current Cyclically Adjusted PB Ratio of 0.92 is 23% below median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 2.56. The Hardware industry median Cyclically Adjusted PB Ratio is 2.09. HTM International Holding's value of 0.92 is 56% below this industry median. Based on the distribution chart, HTM International Holding ranks #519 out of 1953 companies in the Hardware industry, which is above the industry midpoint. Overall, HTM International Holding has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HTM International Holding's Cyclically Adjusted PB Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, HTM International Holding ranks #519 out of 1953 companies for Cyclically Adjusted PB Ratio. This puts HTM International Holding in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.09. HTM International Holding's value of 0.92 is 56% below this benchmark. Historically, HTM International Holding's own Cyclically Adjusted PB Ratio has ranged from 0.48 to 2.56 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 2.09, HTM International Holding 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 a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.09, based on 1,953 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. HTM International Holding's current Cyclically Adjusted PB Ratio of 0.92 is 56% 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 HTM International Holding and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HTM International Holding's current Cyclically Adjusted PB Ratio is 0.92, which is 23% below 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 HTM International Holding stock overvalued right now?
Based on GuruFocus' analysis, HTM International Holding (ROCO:4924) is currently considered Possible Value Trap. The stock's GF Value™ is NT$17.18, compared to a current price of NT$9.76 — trading 43.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.92, which is 23% below median its 10-year median of 1.19 and 56% below the Hardware industry median of 2.09. HTM International Holding's overall GF Score™ is 61/100 with 6 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 HTM International Holding (ROCO:4924), the current Cyclically Adjusted PB Ratio is 0.92 as of Aug. 20, 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 HTM International Holding (ROCO:4924) Overvalued in 2026?

Based on GuruFocus' analysis, HTM International Holding stock appears to be undervalued. The current stock price of NT$9.76 is trading 43.2% below its estimated GF Value™ of NT$17.18. GuruFocus considers HTM International Holding to be Possible Value Trap.

Key valuation signals for ROCO:4924:

  • Cyclically Adjusted PB Ratio: 0.92 (23% below median its 10-year median of 1.19)
  • GF Value™: NT$17.18 vs. price of NT$9.76 (43.2% below fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 56% below the Hardware median (#519 of 1953)

No single metric tells the full story. See the ROCO:4924 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HTM International Holding Business Description

Address Chang'an E. Road, 7th Floor-2, No. 16, Section 1, Zhongshan District, Taipei, TWN
HTM International Holding Ltd is into manufacturing precision plastic parts and components and biomass pellet fuel. It generates the majority of its revenue from the biomass fuel.
61GF Score

Get the complete analysis for ROCO:4924

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

NT$9.76
Price
NT$17.18
GF Value