P-Two Industries (ROCO:6158) Cyclically Adjusted PB Ratio: 0.51 (As of Aug. 22, 2026) — 22% Below Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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ROCO:6158 P-Two Industries Inc ROCO:6158
64 GF Score
Price NT$16.55
GF Value NT$28.21
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is P-Two Industries Cyclically Adjusted PB Ratio?

P-Two Industries ROCO:6158 -0.30% 64 Cyclically Adjusted PB Ratio is 0.51 as of Aug. 22, 2026, which is 22% below its 10-year median of 0.65. GuruFocus rates ROCO:6158 with a GF Score™ of 64/100 and a GF Value™ of NT$28.21 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,951 Hardware companies, P-Two Industries ranks better than 86.98% on this metric.

As of today (2026-08-22), P-Two Industries's current share price is NT$16.55. P-Two Industries's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$32.75. P-Two Industries's Cyclically Adjusted PB Ratio for today is 0.51.

The historical rank and industry rank for P-Two Industries's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:6158' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 0.65   Max: 1.14
Current: 0.51

During the past years, P-Two Industries's highest Cyclically Adjusted PB Ratio was 1.14. The lowest was 0.27. And the median was 0.65.

ROCO:6158's Cyclically Adjusted PB Ratio is ranked better than
86.98% of 1951 companies
in the Hardware industry
Industry Median: 2.07 vs ROCO:6158: 0.51

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.

P-Two Industries's adjusted book value per share data for the three months ended in Jun. 2026 was NT$20.441. 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$32.75 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


P-Two Industries  (ROCO:6158) 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.


P-Two Industries Cyclically Adjusted PB Ratio Related Terms


P-Two Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for P-Two Industries'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.

P-Two Industries Cyclically Adjusted PB Ratio Chart

P-Two Industries 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 1.16 0.57 0.79 0.78 0.64

P-Two Industries 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 0.69 0.64 0.53 0.53

ROCO:6158 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, P-Two Industries'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.


P-Two Industries Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, P-Two Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where P-Two Industries's Cyclically Adjusted PB Ratio falls into.


ROCO:6158
64GF Score
P-Two Industries Inc ROCO:6158
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

P-Two Industries 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.

P-Two Industries's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.55/32.75
=0.51

* 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.

P-Two Industries's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, P-Two Industries'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)
=20.441/333.9520*333.9520
=20.441

Current CPI (Jun. 2026) = 333.9520.

P-Two Industries Quarterly Data

Book Value per Share CPI Adj_Book
201609 45.147 241.428 62.449
201612 47.877 241.432 66.224
201703 45.067 243.801 61.732
201706 43.777 244.955 59.682
201709 45.184 246.819 61.135
201712 44.773 246.524 60.651
201803 43.605 249.554 58.352
201806 43.298 251.989 57.381
201809 44.174 252.439 58.438
201812 44.871 251.233 59.645
201903 46.308 254.202 60.836
201906 26.894 256.143 35.064
201909 16.847 256.759 21.912
201912 15.338 256.974 19.933
202003 16.182 258.115 20.936
202006 15.093 257.797 19.552
202009 16.218 260.280 20.808
202012 16.699 260.474 21.410
202103 17.314 264.877 21.829
202106 18.426 271.696 22.648
202109 18.479 274.310 22.497
202112 17.973 278.802 21.528
202203 19.801 287.504 23.000
202206 19.958 296.311 22.493
202209 21.110 296.808 23.752
202212 19.923 296.797 22.417
202303 19.818 301.836 21.927
202306 19.473 305.109 21.314
202309 21.619 307.789 23.457
202312 19.951 306.746 21.720
202403 21.368 312.332 22.847
202406 21.500 314.175 22.853
202409 21.760 315.301 23.047
202412 22.399 315.605 23.701
202503 21.964 319.799 22.936
202506 17.794 322.561 18.422
202509 19.215 324.800 19.756
202512 20.261 324.054 20.880
202603 20.292 330.213 20.522
202606 20.441 333.952 20.441

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 0.51 mean?
P-Two Industries (ROCO:6158) has a Cyclically Adjusted PB Ratio of 0.51 as of Aug. 22, 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 P-Two Industries and its competitors. This is 22% below median its historical median of 0.65. Over the past decade, P-Two Industries' Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.14. According to the industry distribution chart, P-Two Industries ranks #254 out of 1951 companies in the Hardware industry, placing it in the top 13%.
Is P-Two Industries' Cyclically Adjusted PB Ratio too high?
P-Two Industries' current Cyclically Adjusted PB Ratio of 0.51 is 22% below median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.14. The Hardware industry median Cyclically Adjusted PB Ratio is 2.07. P-Two Industries' value of 0.51 is 75.4% below this industry median. Based on the distribution chart, P-Two Industries ranks #254 out of 1951 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, P-Two Industries has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does P-Two Industries' Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, P-Two Industries ranks #254 out of 1951 companies for Cyclically Adjusted PB Ratio. This places P-Two Industries in the top 13% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.07. P-Two Industries' value of 0.51 is 75.4% below this benchmark. Historically, P-Two Industries' own Cyclically Adjusted PB Ratio has ranged from 0.27 to 1.14 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 2.07, P-Two Industries 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 2.07, based on 1,951 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. P-Two Industries's current Cyclically Adjusted PB Ratio of 0.51 is 75.4% 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 P-Two Industries and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. P-Two Industries's current Cyclically Adjusted PB Ratio is 0.51, which is 22% below median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is P-Two Industries stock overvalued right now?
Based on GuruFocus' analysis, P-Two Industries (ROCO:6158) is currently considered Possible Value Trap. The stock's GF Value™ is NT$28.21, compared to a current price of NT$16.55 — trading 41.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.51, which is 22% below median its 10-year median of 0.65 and 75.4% below the Hardware industry median of 2.07. P-Two Industries' overall GF Score™ is 64/100 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 P-Two Industries (ROCO:6158), the current Cyclically Adjusted PB Ratio is 0.51 as of Aug. 22, 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 P-Two Industries (ROCO:6158) Overvalued in 2026?

Based on GuruFocus' analysis, P-Two Industries stock appears to be undervalued. The current stock price of NT$16.55 is trading 41.3% below its estimated GF Value™ of NT$28.21. GuruFocus considers P-Two Industries to be Possible Value Trap.

Key valuation signals for ROCO:6158:

  • Cyclically Adjusted PB Ratio: 0.51 (22% below median its 10-year median of 0.65)
  • GF Value™: NT$28.21 vs. price of NT$16.55 (41.3% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 75.4% below the Hardware median (#254 of 1951)

No single metric tells the full story. See the ROCO:6158 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


P-Two Industries Business Description

Address No. 9, 9-1, Xinghua Road, Taoyuan, TWN, 330
P-Two Industries Inc is engaged in the manufacture and sale of precision terminals and connectors in Taiwan and China. Its products include FPC connector, mobile phone connector, LVDS wire to board connector, memory card connector, flexible flat cable and metal dome.
64GF Score

Get the complete analysis for ROCO:6158

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

NT$16.55
Price
NT$28.21
GF Value