CHO Pharma (ROCO:6586) Cyclically Adjusted PB Ratio: 7.52 (As of Aug. 12, 2026) — 202% Above 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:6586 CHO Pharma Inc ROCO:6586
25 GF Score
Price NT$113.50
! 4 Warning Signs
View Full Analysis

What is CHO Pharma Cyclically Adjusted PB Ratio?

CHO Pharma ROCO:6586 +0.44% 25 Cyclically Adjusted PB Ratio is 7.52 as of Aug. 12, 2026, which is 202% above its 10-year median of 2.49. GuruFocus rates ROCO:6586 with a GF Score™ of 25/100. The stock has 4 warning signs investors should review. Among 693 Biotechnology companies, CHO Pharma ranks worse than 84.7% on this metric.

As of today (2026-08-12), CHO Pharma's current share price is NT$113.50. CHO Pharma's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was NT$15.09. CHO Pharma's Cyclically Adjusted PB Ratio for today is 7.52.

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

ROCO:6586' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.64   Med: 2.49   Max: 8.48
Current: 7.98

During the past 13 years, CHO Pharma's highest Cyclically Adjusted PB Ratio was 8.48. The lowest was 1.64. And the median was 2.49.

ROCO:6586's Cyclically Adjusted PB Ratio is ranked worse than
84.7% of 693 companies
in the Biotechnology industry
Industry Median: 1.62 vs ROCO:6586: 7.98

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.

CHO Pharma's adjusted book value per share data of for the fiscal year that ended in Dec25 was NT$11.512. 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$15.09 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


CHO Pharma  (ROCO:6586) 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.


CHO Pharma Cyclically Adjusted PB Ratio Related Terms


CHO Pharma Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CHO Pharma'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.

CHO Pharma Cyclically Adjusted PB Ratio Chart

CHO Pharma 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 0.00 8.05 4.07 3.17 1.86

CHO Pharma Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 4.07 0.00 3.17 0.00 1.86

ROCO:6586 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, CHO Pharma'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.


CHO Pharma Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, CHO Pharma's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:6586
25GF Score
CHO Pharma Inc ROCO:6586
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CHO Pharma 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.

CHO Pharma's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=113.50/15.09
=7.52

* 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.

CHO Pharma's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, CHO Pharma's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=11.512/324.0540*324.0540
=11.512

Current CPI (Dec25) = 324.0540.

CHO Pharma Annual Data

Book Value per Share CPI Adj_Book
201612 17.640 241.432 23.677
201712 16.016 246.524 21.053
201812 14.318 251.233 18.468
201912 12.330 256.974 15.549
202012 10.680 260.474 13.287
202112 9.481 278.802 11.020
202212 7.764 296.797 8.477
202312 13.902 306.746 14.686
202412 12.844 315.605 13.188
202512 11.512 324.054 11.512

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 7.52 mean?
CHO Pharma (ROCO:6586) has a Cyclically Adjusted PB Ratio of 7.52 as of Aug. 12, 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 CHO Pharma and its competitors. This is 202% above median its historical median of 2.49. Over the past decade, CHO Pharma's Cyclically Adjusted PB Ratio has ranged from 1.64 to 8.48. According to the industry distribution chart, CHO Pharma ranks #587 out of 693 companies in the Biotechnology industry, placing it in the top 84.7%.
Is CHO Pharma's Cyclically Adjusted PB Ratio too high?
CHO Pharma's current Cyclically Adjusted PB Ratio of 7.52 is 202% above median its 10-year median of 2.49. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 8.48. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. CHO Pharma's value of 7.52 is 364.2% above this industry median. Based on the distribution chart, CHO Pharma ranks #587 out of 693 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, CHO Pharma has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does CHO Pharma's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, CHO Pharma ranks #587 out of 693 companies for Cyclically Adjusted PB Ratio. This places CHO Pharma in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. CHO Pharma's value of 7.52 is 364.2% above this benchmark. Historically, CHO Pharma's own Cyclically Adjusted PB Ratio has ranged from 1.64 to 8.48 over the past decade. While the company's 10-year median is 2.49 vs. the industry median of 1.62, CHO Pharma has consistently been above 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.62, based on 693 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. CHO Pharma's current Cyclically Adjusted PB Ratio of 7.52 is 364.2% above 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 CHO Pharma and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CHO Pharma's current Cyclically Adjusted PB Ratio is 7.52, which is 202% above median its own 10-year median of 2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CHO Pharma stock overvalued right now?
CHO Pharma (ROCO:6586) has a current Cyclically Adjusted PB Ratio of 7.52. The current Cyclically Adjusted PB Ratio is 7.52, which is 202% above median its 10-year median of 2.49 and 364.2% above the Biotechnology industry median of 1.62. CHO Pharma's overall GF Score™ is 25/100 with 4 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 CHO Pharma (ROCO:6586), the current Cyclically Adjusted PB Ratio is 7.52 as of Aug. 12, 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.

CHO Pharma Business Description

Address Lane 130, Sec. 1 Academia Road, 7th Floor, Building C, No.99, Nangang, Taipei, TWN, 115202
CHO Pharma Inc is a biopharmaceutical company mainly focused on the development and commercialization of innovative products based on the proprietary glycan engineering technologies. It offers antibodies, such as CHO-H01, CHO-H02, CHO-A04 for cancer; CHO-H03, an antibody for autoimmune disease; CHO-S05 dual-effect anti-flu drugs; and CHO-V06 glycan-based vaccines and drugs.
25GF Score

Get the complete analysis for ROCO:6586

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

NT$113.50
Price