CKM Applied Materials (ROCO:8930) Cyclically Adjusted PB Ratio: 1.65 (As of Aug. 13, 2026) — 38% Above Median

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ROCO:8930 CKM Applied Materials Corp ROCO:8930
88 GF Score
Price NT$29.90
GF Value NT$31.98
Valuation Fairly Valued
! 4 Warning Signs
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What is CKM Applied Materials Cyclically Adjusted PB Ratio?

CKM Applied Materials ROCO:8930 -0.66% 88 Cyclically Adjusted PB Ratio is 1.65 as of Aug. 13, 2026, which is 38% above its 10-year median of 1.20. GuruFocus rates ROCO:8930 with a GF Score™ of 88/100 and a GF Value™ of NT$31.98 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,332 Construction companies, CKM Applied Materials ranks worse than 63.66% on this metric.

As of today (2026-08-13), CKM Applied Materials's current share price is NT$29.90. CKM Applied Materials's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$18.16. CKM Applied Materials's Cyclically Adjusted PB Ratio for today is 1.65.

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

ROCO:8930' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1.2   Max: 2.58
Current: 1.7

During the past years, CKM Applied Materials's highest Cyclically Adjusted PB Ratio was 2.58. The lowest was 0.74. And the median was 1.20.

ROCO:8930's Cyclically Adjusted PB Ratio is ranked worse than
63.66% of 1332 companies
in the Construction industry
Industry Median: 1.15 vs ROCO:8930: 1.70

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.

CKM Applied Materials's adjusted book value per share data for the three months ended in Mar. 2026 was NT$16.617. 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$18.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CKM Applied Materials  (ROCO:8930) 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.


CKM Applied Materials Cyclically Adjusted PB Ratio Related Terms


CKM Applied Materials Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CKM Applied Materials'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.

CKM Applied Materials Cyclically Adjusted PB Ratio Chart

CKM Applied Materials 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 1.02 1.03 2.30 2.00 1.83

CKM Applied Materials 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 2.08 1.84 1.71 1.83 1.64

ROCO:8930 vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, CKM Applied Materials'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.


CKM Applied Materials Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, CKM Applied Materials's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CKM Applied Materials's Cyclically Adjusted PB Ratio falls into.


ROCO:8930
88GF Score
CKM Applied Materials Corp ROCO:8930
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CKM Applied Materials 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.

CKM Applied Materials's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=29.90/18.16
=1.65

* 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.

CKM Applied Materials's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, CKM Applied Materials'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)
=16.617/330.2130*330.2130
=16.617

Current CPI (Mar. 2026) = 330.2130.

CKM Applied Materials Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.418 241.018 15.644
201609 11.392 241.428 15.581
201612 12.267 241.432 16.778
201703 14.149 243.801 19.164
201706 13.862 244.955 18.687
201709 14.150 246.819 18.931
201712 14.399 246.524 19.287
201803 14.702 249.554 19.454
201806 14.307 251.989 18.748
201809 14.257 252.439 18.649
201812 14.575 251.233 19.157
201903 14.964 254.202 19.439
201906 14.627 256.143 18.857
201909 14.671 256.759 18.868
201912 14.825 256.974 19.050
202003 14.068 258.115 17.998
202006 14.166 257.797 18.145
202009 14.333 260.280 18.184
202012 14.509 260.474 18.394
202103 14.377 264.877 17.923
202106 14.660 271.696 17.817
202109 14.699 274.310 17.695
202112 14.899 278.802 17.646
202203 14.572 287.504 16.737
202206 15.161 296.311 16.896
202209 15.814 296.808 17.594
202212 16.219 296.797 18.045
202303 15.862 301.836 17.353
202306 16.713 305.109 18.088
202309 17.758 307.789 19.052
202312 18.294 306.746 19.694
202403 16.694 312.332 17.650
202406 17.435 314.175 18.325
202409 18.024 315.301 18.876
202412 18.835 315.605 19.707
202503 16.698 319.799 17.242
202506 16.999 322.561 17.402
202509 18.012 324.800 18.312
202512 18.217 324.054 18.563
202603 16.617 330.213 16.617

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 1.65 mean?
CKM Applied Materials (ROCO:8930) has a Cyclically Adjusted PB Ratio of 1.65 as of Aug. 13, 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 CKM Applied Materials and its competitors. This is 38% above median its historical median of 1.20. Over the past decade, CKM Applied Materials' Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.58. According to the industry distribution chart, CKM Applied Materials ranks #848 out of 1332 companies in the Construction industry, placing it in the top 63.7%.
Is CKM Applied Materials' Cyclically Adjusted PB Ratio too high?
CKM Applied Materials' current Cyclically Adjusted PB Ratio of 1.65 is 38% above median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 2.58. The Construction industry median Cyclically Adjusted PB Ratio is 1.15. CKM Applied Materials' value of 1.65 is 43.5% above this industry median. Based on the distribution chart, CKM Applied Materials ranks #848 out of 1332 companies in the Construction industry, which is below the industry midpoint. Overall, CKM Applied Materials has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CKM Applied Materials' Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, CKM Applied Materials ranks #848 out of 1332 companies for Cyclically Adjusted PB Ratio. This places CKM Applied Materials in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. CKM Applied Materials' value of 1.65 is 43.5% above this benchmark. Historically, CKM Applied Materials' own Cyclically Adjusted PB Ratio has ranged from 0.74 to 2.58 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 1.15, CKM Applied Materials 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.15, based on 1,332 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. CKM Applied Materials's current Cyclically Adjusted PB Ratio of 1.65 is 43.5% 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 CKM Applied Materials and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CKM Applied Materials's current Cyclically Adjusted PB Ratio is 1.65, which is 38% above median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CKM Applied Materials stock overvalued right now?
Based on GuruFocus' analysis, CKM Applied Materials (ROCO:8930) is currently considered Fairly Valued. The stock's GF Value™ is NT$31.98, compared to a current price of NT$29.90 — trading 6.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.65, which is 38% above median its 10-year median of 1.20 and 43.5% above the Construction industry median of 1.15. CKM Applied Materials' overall GF Score™ is 88/100 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 CKM Applied Materials (ROCO:8930), the current Cyclically Adjusted PB Ratio is 1.65 as of Aug. 13, 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 CKM Applied Materials (ROCO:8930) Overvalued in 2026?

Based on GuruFocus' analysis, CKM Applied Materials stock appears to be undervalued. The current stock price of NT$29.90 is trading 6.5% below its estimated GF Value™ of NT$31.98. GuruFocus considers CKM Applied Materials to be Fairly Valued.

Key valuation signals for ROCO:8930:

  • Cyclically Adjusted PB Ratio: 1.65 (38% above median its 10-year median of 1.20)
  • GF Value™: NT$31.98 vs. price of NT$29.90 (6.5% below fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 43.5% above the Construction median (#848 of 1332)

No single metric tells the full story. See the ROCO:8930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CKM Applied Materials Business Description

Address No. 9, Gongye Road, Guantian District, Tainan, TWN, 720008
CKM Applied Materials Corp is engaged in the manufacturing and sales of light steel frames, metal ceilings, and fireproof doors, along with related import and export operations, as well as the production and distribution of various machinery. It provides ceiling suspension systems, partition framework systems, and metal ceilings with a wide range of applications, including governmental buildings, hospitals, schools, department stores, hotels, factories, public buildings, residential buildings, and commercial buildings. Its products include Ceiling Suspension System, Metal Ceilings, and Micro-perforated acoustic products. The company has one reportable segment and is mainly engaged in the manufacturing and sales of a single product, light steel frames.
88GF Score

Get the complete analysis for ROCO:8930

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

NT$29.90
Price
NT$31.98
GF Value