Golden Win International (ROCO:4950) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:4950 Golden Win International Corp ROCO:4950
54 GF Score
Price NT$16.20
GF Value NT$86.43
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Golden Win International Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Golden Win International  (ROCO:4950) 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.


Golden Win International Cyclically Adjusted PB Ratio Related Terms


Golden Win International Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Golden Win International'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.

Golden Win International Cyclically Adjusted PB Ratio Chart

Golden Win International 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 0.96 1.04 0.35 0.82 0.49

Golden Win International Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.64 0.66 0.49 0.40 0.00

ROCO:4950 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Golden Win International'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.


Golden Win International Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Golden Win International's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:4950
54GF Score
Golden Win International Corp ROCO:4950
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Win International 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.

Golden Win International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Golden Win International's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=9.494/333.9520*333.9520
=9.494

Current CPI (Jun. 2026) = 333.9520.

Golden Win International Quarterly Data

Book Value per Share CPI Adj_Book
201609 65.138 241.428 90.101
201612 67.481 241.432 93.341
201703 66.915 243.801 91.658
201706 62.777 244.955 85.585
201709 63.119 246.819 85.402
201712 58.922 246.524 79.818
201803 55.092 249.554 73.724
201806 52.343 251.989 69.368
201809 50.617 252.439 66.961
201812 46.978 251.233 62.446
201903 44.088 254.202 57.920
201906 41.145 256.143 53.644
201909 38.878 256.759 50.566
201912 28.372 256.974 36.871
202003 19.669 258.115 25.448
202006 20.041 257.797 25.961
202009 17.238 260.280 22.117
202012 17.537 260.474 22.484
202103 17.061 264.877 21.510
202106 16.782 271.696 20.627
202109 18.073 274.310 22.003
202112 19.157 278.802 22.946
202203 19.092 287.504 22.176
202206 17.744 296.311 19.998
202209 17.899 296.808 20.139
202212 15.623 296.797 17.579
202303 14.482 301.836 16.023
202306 8.282 305.109 9.065
202309 7.699 307.789 8.353
202312 5.455 306.746 5.939
202403 4.275 312.332 4.571
202406 3.946 314.175 4.194
202409 10.365 315.301 10.978
202412 9.848 315.605 10.420
202503 9.302 319.799 9.714
202506 8.826 322.561 9.138
202509 9.042 324.800 9.297
202512 9.007 324.054 9.282
202603 9.161 330.213 9.265
202606 9.494 333.952 9.494

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.

Is Golden Win International (ROCO:4950) Overvalued in 2026?

Based on GuruFocus' analysis, Golden Win International stock appears to be undervalued. The current stock price of NT$16.20 is trading 81.3% below its estimated GF Value™ of NT$86.43. GuruFocus considers Golden Win International to be Significantly Undervalued.

Key valuation signals for ROCO:4950:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$86.43 vs. price of NT$16.20 (81.3% below fair value)
  • GF Score™: 54/100 with 2 warning signs

No single metric tells the full story. See the ROCO:4950 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Golden Win International Business Description

Address Gong 2nd Road, No. 10, Liuying District, Tainan, TWN, 106
Golden Win International Corp Formerly Mutto Optronics Corp is engaged in the sales of steel cutlery and touch display panels with relevant parts and components, producing and supplying a wide array of metals such as stainless steel, bearing steel, high-speed steel, and non-ferrous alloys for industrial use.
54GF Score

Get the complete analysis for ROCO:4950

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

NT$16.20
Price
NT$86.43
GF Value