Shen's Art Printing Co (ROCO:8921) Cyclically Adjusted PB Ratio: 0.74 (As of Aug. 27, 2026) — Near Median

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ROCO:8921 Shen's Art Printing Co Ltd ROCO:8921
65 GF Score
Price NT$17.00
GF Value NT$17.98
Valuation Fairly Valued
! 8 Warning Signs
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What is Shen's Art Printing Co Cyclically Adjusted PB Ratio?

Shen's Art Printing Co ROCO:8921 -2.02% 65 Cyclically Adjusted PB Ratio is 0.74 as of Aug. 27, 2026, which is at its 10-year median of 0.74. GuruFocus rates ROCO:8921 with a GF Score™ of 65/100 and a GF Value™ of NT$17.98 (Fairly Valued). The stock has 8 warning signs investors should review. Among 696 Business Services companies, Shen's Art Printing Co ranks better than 75.57% on this metric.

As of today (2026-08-27), Shen's Art Printing Co's current share price is NT$17.00. Shen's Art Printing Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$23.07. Shen's Art Printing Co's Cyclically Adjusted PB Ratio for today is 0.74.

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

ROCO:8921' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.74   Max: 1.43
Current: 0.74

During the past years, Shen's Art Printing Co's highest Cyclically Adjusted PB Ratio was 1.43. The lowest was 0.62. And the median was 0.74.

ROCO:8921's Cyclically Adjusted PB Ratio is ranked better than
75.57% of 696 companies
in the Business Services industry
Industry Median: 1.53 vs ROCO:8921: 0.74

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.

Shen's Art Printing Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$24.451. 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$23.07 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shen's Art Printing Co  (ROCO:8921) 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.


Shen's Art Printing Co Cyclically Adjusted PB Ratio Related Terms


Shen's Art Printing Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shen's Art Printing 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.

Shen's Art Printing Co Cyclically Adjusted PB Ratio Chart

Shen's Art Printing 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 0.72 0.69 0.65 1.27 0.79

Shen's Art Printing 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 0.79 0.77 0.79 0.77 0.78

ROCO:8921 vs CTAS, CPRT, GPN: Cyclically Adjusted PB Ratio Comparison

For the Specialty Business Services subindustry, Shen's Art Printing 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.


Shen's Art Printing Co Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Shen's Art Printing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:8921
65GF Score
Shen's Art Printing Co Ltd ROCO:8921
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shen's Art Printing 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.

Shen's Art Printing Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.00/23.07
=0.74

* 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.

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

For example, Shen's Art Printing 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)
=24.451/333.9520*333.9520
=24.451

Current CPI (Jun. 2026) = 333.9520.

Shen's Art Printing Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.678 241.428 24.453
201612 17.865 241.432 24.711
201703 17.957 243.801 24.597
201706 17.171 244.955 23.410
201709 17.318 246.819 23.432
201712 17.520 246.524 23.733
201803 17.733 249.554 23.730
201806 17.661 251.989 23.405
201809 17.928 252.439 23.717
201812 17.834 251.233 23.706
201903 18.176 254.202 23.878
201906 18.278 256.143 23.830
201909 18.282 256.759 23.778
201912 18.760 256.974 24.380
202003 18.180 258.115 23.521
202006 17.979 257.797 23.290
202009 17.905 260.280 22.973
202012 18.265 260.474 23.417
202103 18.694 264.877 23.569
202106 18.905 271.696 23.237
202109 18.847 274.310 22.945
202112 19.584 278.802 23.458
202203 20.840 287.504 24.207
202206 19.556 296.311 22.040
202209 19.992 296.808 22.494
202212 19.817 296.797 22.298
202303 19.766 301.836 21.869
202306 19.709 305.109 21.572
202309 19.834 307.789 21.520
202312 20.489 306.746 22.306
202403 20.850 312.332 22.293
202406 21.164 314.175 22.496
202409 21.153 315.301 22.404
202412 20.846 315.605 22.058
202503 20.463 319.799 21.369
202506 20.358 322.561 21.077
202509 21.174 324.800 21.771
202512 22.142 324.054 22.818
202603 22.467 330.213 22.721
202606 24.451 333.952 24.451

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 0.74 mean?
Shen's Art Printing Co (ROCO:8921) has a Cyclically Adjusted PB Ratio of 0.74 as of Aug. 27, 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 Shen's Art Printing Co and its competitors. This is near median its historical median of 0.74. Over the past decade, Shen's Art Printing Co's Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.43. According to the industry distribution chart, Shen's Art Printing Co ranks #170 out of 696 companies in the Business Services industry, placing it in the top 24.4%.
Is Shen's Art Printing Co's Cyclically Adjusted PB Ratio too high?
Shen's Art Printing Co's current Cyclically Adjusted PB Ratio of 0.74 is near median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.43. The Business Services industry median Cyclically Adjusted PB Ratio is 1.53. Shen's Art Printing Co's value of 0.74 is 51.6% below this industry median. Based on the distribution chart, Shen's Art Printing Co ranks #170 out of 696 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Shen's Art Printing Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shen's Art Printing Co's Cyclically Adjusted PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Shen's Art Printing Co ranks #170 out of 696 companies for Cyclically Adjusted PB Ratio. This places Shen's Art Printing Co in the top 24% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.53. Shen's Art Printing Co's value of 0.74 is 51.6% below this benchmark. Historically, Shen's Art Printing Co's own Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.43 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 1.53, Shen's Art Printing Co 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 Business Services company?
The median Cyclically Adjusted PB Ratio among Business Services companies is 1.53, based on 696 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. Shen's Art Printing Co's current Cyclically Adjusted PB Ratio of 0.74 is 51.6% 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 Shen's Art Printing Co and its competitors. For the Business Services industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shen's Art Printing Co's current Cyclically Adjusted PB Ratio is 0.74, which is near median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shen's Art Printing Co stock overvalued right now?
Based on GuruFocus' analysis, Shen's Art Printing Co (ROCO:8921) is currently considered Fairly Valued. The stock's GF Value™ is NT$17.98, compared to a current price of NT$17.00 — trading 5.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.74, which is near median its 10-year median of 0.74 and 51.6% below the Business Services industry median of 1.53. Shen's Art Printing Co's overall GF Score™ is 65/100 with 8 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 Shen's Art Printing Co (ROCO:8921), the current Cyclically Adjusted PB Ratio is 0.74 as of Aug. 27, 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 Shen's Art Printing Co (ROCO:8921) Overvalued in 2026?

Based on GuruFocus' analysis, Shen's Art Printing Co stock appears to be undervalued. The current stock price of NT$17.00 is trading 5.5% below its estimated GF Value™ of NT$17.98. GuruFocus considers Shen's Art Printing Co to be Fairly Valued.

Key valuation signals for ROCO:8921:

  • Cyclically Adjusted PB Ratio: 0.74 (near median its 10-year median of 0.74)
  • GF Value™: NT$17.98 vs. price of NT$17.00 (5.5% below fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 51.6% below the Business Services median (#170 of 696)

No single metric tells the full story. See the ROCO:8921 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shen's Art Printing Co Business Description

Address Zhongyang Road, 3rd Floor, No.7, Lane 365, Section 1, Tucheng District, New Taipei City, Taipei, TWN, 236
Shen's Art Printing Co Ltd is engaged in the manufacture and distribution of printing products in Taiwan. It provides cultural printing services which offer books, posters, magazines and calendars, and commercial printing products, such as posters, catalogs, direct mails (DMs) and instruction books.
65GF Score

Get the complete analysis for ROCO:8921

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

NT$17.00
Price
NT$17.98
GF Value