Honey Hope Honesty Enterprise Co (ROCO:8043) Cyclically Adjusted PB Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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Founder & CEO of GuruFocus
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ROCO:8043 Honey Hope Honesty Enterprise Co Ltd ROCO:8043
49 GF Score
Price NT$119.50
GF Value NT$28.97
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Honey Hope Honesty Enterprise Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Honey Hope Honesty Enterprise Co  (ROCO:8043) 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.


Honey Hope Honesty Enterprise Co Cyclically Adjusted PB Ratio Related Terms


Honey Hope Honesty Enterprise Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Honey Hope Honesty Enterprise Co'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.

Honey Hope Honesty Enterprise Co Cyclically Adjusted PB Ratio Chart

Honey Hope Honesty Enterprise Co 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 0.87 0.78 0.79 0.90 2.34

Honey Hope Honesty Enterprise Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.71 0.62 1.04 2.34 0.00

ROCO:8043 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Honey Hope Honesty Enterprise Co'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.


Honey Hope Honesty Enterprise Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Honey Hope Honesty Enterprise Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Honey Hope Honesty Enterprise Co's Cyclically Adjusted PB Ratio falls into.


ROCO:8043
49GF Score
Honey Hope Honesty Enterprise Co Ltd ROCO:8043
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Honey Hope Honesty Enterprise Co 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.

Honey Hope Honesty Enterprise Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Honey Hope Honesty Enterprise Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=34.986/330.2130*330.2130
=34.986

Current CPI (Mar. 2026) = 330.2130.

Honey Hope Honesty Enterprise Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 27.462 241.018 37.625
201609 27.585 241.428 37.729
201612 28.746 241.432 39.317
201703 27.877 243.801 37.758
201706 27.763 244.955 37.426
201709 27.940 246.819 37.380
201712 28.514 246.524 38.194
201803 28.900 249.554 38.241
201806 30.422 251.989 39.866
201809 32.054 252.439 41.930
201812 32.661 251.233 42.929
201903 33.435 254.202 43.433
201906 31.098 256.143 40.091
201909 31.072 256.759 39.961
201912 30.703 256.974 39.454
202003 30.749 258.115 39.338
202006 30.077 257.797 38.526
202009 30.310 260.280 38.454
202012 30.601 260.474 38.794
202103 31.136 264.877 38.816
202106 31.129 271.696 37.833
202109 31.842 274.310 38.331
202112 32.064 278.802 37.977
202203 32.142 287.504 36.917
202206 32.623 296.311 36.356
202209 33.579 296.808 37.358
202212 33.330 296.797 37.083
202303 31.765 301.836 34.751
202306 31.554 305.109 34.150
202309 32.563 307.789 34.935
202312 31.846 306.746 34.282
202403 32.254 312.332 34.101
202406 33.312 314.175 35.013
202409 33.771 315.301 35.368
202412 33.774 315.605 35.337
202503 32.878 319.799 33.949
202506 31.425 322.561 32.170
202509 32.598 324.800 33.141
202512 34.509 324.054 35.165
202603 34.986 330.213 34.986

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 Honey Hope Honesty Enterprise Co (ROCO:8043) Overvalued in 2026?

Based on GuruFocus' analysis, Honey Hope Honesty Enterprise Co stock appears to be overvalued. The current stock price of NT$119.50 is trading 312.5% above its estimated GF Value™ of NT$28.97. GuruFocus considers Honey Hope Honesty Enterprise Co to be Significantly Overvalued.

Key valuation signals for ROCO:8043:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$28.97 vs. price of NT$119.50 (312.5% above fair value)
  • GF Score™: 49/100 with 5 warning signs

No single metric tells the full story. See the ROCO:8043 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Honey Hope Honesty Enterprise Co Business Description

Address 8th floor, Number 316, Section 1, Neihu Road, Neihu District, Taipei, TWN, 114
Honey Hope Honesty Enterprise Co Ltd is engaged in the distribution of professional electronic components. The company focuses in general import and export (excluding futures), trading of electronic parts, agency for the distribution, quotation and bidding of domestic and foreign manufacturers' products in Taiwan and Asia. It distributes multilayer capacitors, chip inductors, chip Pai Yung, High-Frequency Chip Inductors, and others. The company's segments include: Taiwan; and Asia; and Others, of which it derives maximum revenue from Asia and Others.
49GF Score

Get the complete analysis for ROCO:8043

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

NT$119.50
Price
NT$28.97
GF Value