Golden Win International (ROCO:4950) Cyclically Adjusted PB Ratio: 0.46 (As of Aug. 23, 2026) — 34% Below Median

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ROCO:4950 Golden Win International Corp ROCO:4950
54 GF Score
Price NT$15.90
GF Value NT$76.27
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Golden Win International Cyclically Adjusted PB Ratio?

Golden Win International ROCO:4950 +0.32% 54 Cyclically Adjusted PB Ratio is 0.46 as of Aug. 23, 2026, which is 34% below its 10-year median of 0.70. GuruFocus rates ROCO:4950 with a GF Score™ of 54/100 and a GF Value™ of NT$76.27 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 315 Furnishings, Fixtures & Appliances companies, Golden Win International ranks better than 76.19% on this metric.

As of today (2026-08-23), Golden Win International's current share price is NT$15.90. Golden Win International's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$34.65. Golden Win International's Cyclically Adjusted PB Ratio for today is 0.46.

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

ROCO:4950' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.7   Max: 1.34
Current: 0.46

During the past years, Golden Win International's highest Cyclically Adjusted PB Ratio was 1.34. The lowest was 0.22. And the median was 0.70.

ROCO:4950's Cyclically Adjusted PB Ratio is ranked better than
76.19% of 315 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.16 vs ROCO:4950: 0.46

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.

Golden Win International's adjusted book value per share data for the three months ended in Jun. 2026 was NT$9.494. 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$34.65 for the trailing ten years ended in Jun. 2026.

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 0.46

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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.90/34.65
=0.46

* 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'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.

What does a Cyclically Adjusted PB Ratio of 0.46 mean?
Golden Win International (ROCO:4950) has a Cyclically Adjusted PB Ratio of 0.46 as of Aug. 23, 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 Golden Win International and its competitors. This is 34% below median its historical median of 0.70. Over the past decade, Golden Win International's Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.34. According to the industry distribution chart, Golden Win International ranks #75 out of 315 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 23.8%.
Is Golden Win International's Cyclically Adjusted PB Ratio too high?
Golden Win International's current Cyclically Adjusted PB Ratio of 0.46 is 34% below median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.34. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.16. Golden Win International's value of 0.46 is 60.3% below this industry median. Based on the distribution chart, Golden Win International ranks #75 out of 315 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Golden Win International has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Golden Win International's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Golden Win International ranks #75 out of 315 companies for Cyclically Adjusted PB Ratio. This places Golden Win International in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.16. Golden Win International's value of 0.46 is 60.3% below this benchmark. Historically, Golden Win International's own Cyclically Adjusted PB Ratio has ranged from 0.22 to 1.34 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 1.16, Golden Win International 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.16, based on 315 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. Golden Win International's current Cyclically Adjusted PB Ratio of 0.46 is 60.3% 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 Golden Win International and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Win International's current Cyclically Adjusted PB Ratio is 0.46, which is 34% below median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Win International stock overvalued right now?
Based on GuruFocus' analysis, Golden Win International (ROCO:4950) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$76.27, compared to a current price of NT$15.90 — trading 79.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.46, which is 34% below median its 10-year median of 0.70 and 60.3% below the Furnishings, Fixtures & Appliances industry median of 1.16. Golden Win International's overall GF Score™ is 54/100 with 2 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 Golden Win International (ROCO:4950), the current Cyclically Adjusted PB Ratio is 0.46 as of Aug. 23, 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 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$15.90 is trading 79.2% below its estimated GF Value™ of NT$76.27. GuruFocus considers Golden Win International to be Significantly Undervalued.

Key valuation signals for ROCO:4950:

  • Cyclically Adjusted PB Ratio: 0.46 (34% below median its 10-year median of 0.70)
  • GF Value™: NT$76.27 vs. price of NT$15.90 (79.2% below fair value)
  • GF Score™: 54/100 with 2 warning signs
  • Industry Position: 60.3% below the Furnishings, Fixtures & Appliances median (#75 of 315)

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$15.90
Price
NT$76.27
GF Value