TCI Co (ROCO:8436) Cyclically Adjusted PB Ratio: 1.39 (As of Sep. 17, 2026) — 56% Below Median

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ROCO:8436 TCI Co Ltd ROCO:8436
80 GF Score
Price NT$103.50
GF Value NT$130.33
Valuation Modestly Undervalued
! 6 Warning Signs
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What is TCI Co Cyclically Adjusted PB Ratio?

TCI Co ROCO:8436 -1.43% 80 Cyclically Adjusted PB Ratio is 1.39 as of Sep. 17, 2026, which is 56% below its 10-year median of 3.14. GuruFocus rates ROCO:8436 with a GF Score™ of 80/100 and a GF Value™ of NT$130.33 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,268 Consumer Packaged Goods companies, TCI Co ranks worse than 58.6% on this metric.

As of today (2026-09-17), TCI Co's current share price is NT$103.50. TCI Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$74.66. TCI Co's Cyclically Adjusted PB Ratio for today is 1.39.

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

ROCO:8436' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.6   Med: 3.14   Max: 10
Current: 1.6

During the past years, TCI Co's highest Cyclically Adjusted PB Ratio was 10.00. The lowest was 1.60. And the median was 3.14.

ROCO:8436's Cyclically Adjusted PB Ratio is ranked worse than
58.6% of 1268 companies
in the Consumer Packaged Goods industry
Industry Median: 1.245 vs ROCO:8436: 1.60

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.

TCI Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$81.514. 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$74.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TCI Co  (ROCO:8436) 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.


TCI Co Cyclically Adjusted PB Ratio Related Terms


TCI Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TCI 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.

TCI Co Cyclically Adjusted PB Ratio Chart

TCI 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 5.14 3.37 2.88 1.83 1.48

TCI Co 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 1.83 1.71 1.58 1.73 1.54

ROCO:8436 vs PG, CL, EL: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, TCI 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.


TCI Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, TCI Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:8436
80GF Score
TCI Co Ltd ROCO:8436
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TCI 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.

TCI Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=103.50/74.662
=1.39

* 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.

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

For example, TCI Co'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)
=81.514/333.9520*333.9520
=81.514

Current CPI (Jun. 2026) = 333.9520.

TCI Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.953 241.428 31.749
201612 24.262 241.432 33.560
201703 25.471 243.801 34.889
201706 25.518 244.955 34.789
201709 27.822 246.819 37.644
201712 29.748 246.524 40.298
201803 32.159 249.554 43.035
201806 33.181 251.989 43.974
201809 42.880 252.439 56.726
201812 50.733 251.233 67.437
201903 57.328 254.202 75.313
201906 54.536 256.143 71.102
201909 57.070 256.759 74.228
201912 60.255 256.974 78.305
202003 61.551 258.115 79.635
202006 54.812 257.797 71.004
202009 60.008 260.280 76.993
202012 65.722 260.474 84.262
202103 68.722 264.877 86.643
202106 72.722 271.696 89.385
202109 79.507 274.310 96.794
202112 81.745 278.802 97.915
202203 72.713 287.504 84.460
202206 79.558 296.311 89.664
202209 83.348 296.808 93.779
202212 85.612 296.797 96.329
202303 87.098 301.836 96.365
202306 80.301 305.109 87.892
202309 84.367 307.789 91.538
202312 85.748 306.746 93.353
202403 87.621 312.332 93.686
202406 80.431 314.175 85.494
202409 82.659 315.301 87.549
202412 85.712 315.605 90.695
202503 76.215 319.799 79.588
202506 73.057 322.561 75.637
202509 78.335 324.800 80.542
202512 83.105 324.054 85.643
202603 86.105 330.213 87.080
202606 81.514 333.952 81.514

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 1.39 mean?
TCI Co (ROCO:8436) has a Cyclically Adjusted PB Ratio of 1.39 as of Sep. 17, 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 TCI Co and its competitors. This is 56% below median its historical median of 3.14. Over the past decade, TCI Co's Cyclically Adjusted PB Ratio has ranged from 1.60 to 10.00. According to the industry distribution chart, TCI Co ranks #743 out of 1268 companies in the Consumer Packaged Goods industry, placing it in the top 58.6%.
Is TCI Co's Cyclically Adjusted PB Ratio too high?
TCI Co's current Cyclically Adjusted PB Ratio of 1.39 is 56% below median its 10-year median of 3.14. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 10.00. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.25. TCI Co's value of 1.39 is 11.6% above this industry median. Based on the distribution chart, TCI Co ranks #743 out of 1268 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, TCI Co has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TCI Co's Cyclically Adjusted PB Ratio compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, TCI Co ranks #743 out of 1268 companies for Cyclically Adjusted PB Ratio. This places TCI Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. TCI Co's value of 1.39 is 11.6% above this benchmark. Historically, TCI Co's own Cyclically Adjusted PB Ratio has ranged from 1.60 to 10.00 over the past decade. While the company's 10-year median is 3.14 vs. the industry median of 1.25, TCI Co 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.25, based on 1,268 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. TCI Co's current Cyclically Adjusted PB Ratio of 1.39 is 11.6% 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 TCI Co and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCI Co's current Cyclically Adjusted PB Ratio is 1.39, which is 56% below median its own 10-year median of 3.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCI Co stock overvalued right now?
Based on GuruFocus' analysis, TCI Co (ROCO:8436) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$130.33, compared to a current price of NT$103.50 — trading 20.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.39, which is 56% below median its 10-year median of 3.14 and 11.6% above the Consumer Packaged Goods industry median of 1.25. TCI Co's overall GF Score™ is 80/100 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 TCI Co (ROCO:8436), the current Cyclically Adjusted PB Ratio is 1.39 as of Sep. 17, 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 TCI Co (ROCO:8436) Overvalued in 2026?

Based on GuruFocus' analysis, TCI Co stock appears to be undervalued. The current stock price of NT$103.50 is trading 20.6% below its estimated GF Value™ of NT$130.33. GuruFocus considers TCI Co to be Modestly Undervalued.

Key valuation signals for ROCO:8436:

  • Cyclically Adjusted PB Ratio: 1.39 (56% below median its 10-year median of 3.14)
  • GF Value™: NT$130.33 vs. price of NT$103.50 (20.6% below fair value)
  • GF Score™: 80/100 with 6 warning signs
  • Industry Position: 11.6% above the Consumer Packaged Goods median (#743 of 1268)

No single metric tells the full story. See the ROCO:8436 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TCI Co Business Description

Address No.187, Kang Chien Road, 8th Floor, Nei Hu District, Taipei, TWN, 11494
TCI Co Ltd is a Taiwan-based company principally engaged in the research, development, manufacturing, wholesale, and retail of health foods and cosmetics. Its products include tablets and capsules of dietary supplements, functional drinks, facial masks, cosmetic serums, and others. The company's Geographical segments include Europe and America region; and the Asia Pacific region. The majority of the revenue comes from the Asia Pacific region.
80GF Score

Get the complete analysis for ROCO:8436

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

NT$103.50
Price
NT$130.33
GF Value