OFCO Industrial (ROCO:5011) Cyclically Adjusted PB Ratio: 0.92 (As of Aug. 28, 2026) — 30% Below 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:5011 OFCO Industrial Corp ROCO:5011
56 GF Score
Price NT$18.65
GF Value NT$21.08
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is OFCO Industrial Cyclically Adjusted PB Ratio?

OFCO Industrial ROCO:5011 -2.61% 56 Cyclically Adjusted PB Ratio is 0.92 as of Aug. 28, 2026, which is 30% below its 10-year median of 1.32. GuruFocus rates ROCO:5011 with a GF Score™ of 56/100 and a GF Value™ of NT$21.08 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,102 Industrial Products companies, OFCO Industrial ranks better than 76.83% on this metric.

As of today (2026-08-28), OFCO Industrial's current share price is NT$18.65. OFCO Industrial's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$20.35. OFCO Industrial's Cyclically Adjusted PB Ratio for today is 0.92.

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

ROCO:5011' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.51   Med: 1.32   Max: 3.1
Current: 0.94

During the past years, OFCO Industrial's highest Cyclically Adjusted PB Ratio was 3.10. The lowest was 0.51. And the median was 1.32.

ROCO:5011's Cyclically Adjusted PB Ratio is ranked better than
76.83% of 2102 companies
in the Industrial Products industry
Industry Median: 2.1 vs ROCO:5011: 0.94

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.

OFCO Industrial's adjusted book value per share data for the three months ended in Jun. 2026 was NT$19.269. 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$20.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


OFCO Industrial  (ROCO:5011) 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.


OFCO Industrial Cyclically Adjusted PB Ratio Related Terms


OFCO Industrial Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for OFCO Industrial'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.

OFCO Industrial Cyclically Adjusted PB Ratio Chart

OFCO Industrial 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 2.47 1.50 1.46 1.09 0.51

OFCO Industrial 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 0.70 0.54 0.51 0.66 1.20

ROCO:5011 vs SNA, RBC, SWK: Cyclically Adjusted PB Ratio Comparison

For the Tools & Accessories subindustry, OFCO Industrial'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.


OFCO Industrial Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

* The bar in red indicates where OFCO Industrial's Cyclically Adjusted PB Ratio falls into.


ROCO:5011
56GF Score
OFCO Industrial Corp ROCO:5011
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OFCO Industrial 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.

OFCO Industrial's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.65/20.35
=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.

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

For example, OFCO Industrial'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)
=19.269/333.9520*333.9520
=19.269

Current CPI (Jun. 2026) = 333.9520.

OFCO Industrial Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.962 241.428 19.313
201612 13.699 241.432 18.949
201703 12.847 243.801 17.597
201706 11.550 244.955 15.746
201709 11.668 246.819 15.787
201712 12.130 246.524 16.432
201803 12.268 249.554 16.417
201806 12.573 251.989 16.663
201809 12.960 252.439 17.145
201812 13.355 251.233 17.752
201903 13.599 254.202 17.865
201906 12.841 256.143 16.742
201909 12.542 256.759 16.313
201912 11.794 256.974 15.327
202003 10.264 258.115 13.280
202006 10.024 257.797 12.985
202009 11.160 260.280 14.319
202012 15.444 260.474 19.801
202103 18.871 264.877 23.792
202106 18.673 271.696 22.952
202109 20.213 274.310 24.608
202112 21.068 278.802 25.235
202203 21.751 287.504 25.265
202206 21.450 296.311 24.175
202209 23.012 296.808 25.892
202212 23.494 296.797 26.435
202303 21.963 301.836 24.300
202306 22.218 305.109 24.318
202309 22.164 307.789 24.048
202312 23.180 306.746 25.236
202403 21.891 312.332 23.406
202406 22.757 314.175 24.190
202409 22.611 315.301 23.949
202412 21.935 315.605 23.210
202503 21.578 319.799 22.533
202506 20.460 322.561 21.183
202509 20.396 324.800 20.971
202512 19.793 324.054 20.398
202603 20.095 330.213 20.323
202606 19.269 333.952 19.269

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?
OFCO Industrial (ROCO:5011) has a Cyclically Adjusted PB Ratio of 0.92 as of Aug. 28, 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 OFCO Industrial and its competitors. This is 30% below median its historical median of 1.32. Over the past decade, OFCO Industrial's Cyclically Adjusted PB Ratio has ranged from 0.51 to 3.10. According to the industry distribution chart, OFCO Industrial ranks #487 out of 2102 companies in the Industrial Products industry, placing it in the top 23.2%.
Is OFCO Industrial's Cyclically Adjusted PB Ratio too high?
OFCO Industrial's current Cyclically Adjusted PB Ratio of 0.92 is 30% below median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 3.10. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.10. OFCO Industrial's value of 0.92 is 56.2% below this industry median. Based on the distribution chart, OFCO Industrial ranks #487 out of 2102 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, OFCO Industrial has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does OFCO Industrial's Cyclically Adjusted PB Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, OFCO Industrial ranks #487 out of 2102 companies for Cyclically Adjusted PB Ratio. This places OFCO Industrial in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.10. OFCO Industrial's value of 0.92 is 56.2% below this benchmark. Historically, OFCO Industrial's own Cyclically Adjusted PB Ratio has ranged from 0.51 to 3.10 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 2.10, OFCO Industrial 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.10, based on 2,102 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. OFCO Industrial's current Cyclically Adjusted PB Ratio of 0.92 is 56.2% 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 OFCO Industrial and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OFCO Industrial's current Cyclically Adjusted PB Ratio is 0.92, which is 30% below median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OFCO Industrial stock overvalued right now?
Based on GuruFocus' analysis, OFCO Industrial (ROCO:5011) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$21.08, compared to a current price of NT$18.65 — trading 11.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.92, which is 30% below median its 10-year median of 1.32 and 56.2% below the Industrial Products industry median of 2.10. OFCO Industrial's overall GF Score™ is 56/100 with 5 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 OFCO Industrial (ROCO:5011), the current Cyclically Adjusted PB Ratio is 0.92 as of Aug. 28, 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 OFCO Industrial (ROCO:5011) Overvalued in 2026?

Based on GuruFocus' analysis, OFCO Industrial stock appears to be undervalued. The current stock price of NT$18.65 is trading 11.5% below its estimated GF Value™ of NT$21.08. GuruFocus considers OFCO Industrial to be Modestly Undervalued.

Key valuation signals for ROCO:5011:

  • Cyclically Adjusted PB Ratio: 0.92 (30% below median its 10-year median of 1.32)
  • GF Value™: NT$21.08 vs. price of NT$18.65 (11.5% below fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 56.2% below the Industrial Products median (#487 of 2102)

No single metric tells the full story. See the ROCO:5011 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OFCO Industrial Business Description

Address No. 299, Yulin Road, Qiaotou District, Kaohsiung, TWN, 825
OFCO Industrial Corp is engaged in the manufacture of fastener screws and related products, metal heat treatment OEM and trading. Its segments include Screws department, Transportation department, and Environmental Business department. Geographically, its operations are spread across Taiwan, Germany, USA, and Other Countries with majority of the revenue generating from Taiwan.
56GF Score

Get the complete analysis for ROCO:5011

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

NT$18.65
Price
NT$21.08
GF Value