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Ta-Yuan Cogeneration CoROCO:8931 77 Cyclically Adjusted PB Ratio is 2.15 as of Aug. 20, 2026, which is 5% below its 10-year median of 2.26. GuruFocus rates ROCO:8931 with a GF Score™ of 77/100 and a GF Value™ of NT$49.07 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 427 Utilities - Regulated companies, Ta-Yuan Cogeneration Co ranks worse than 70.26% on this metric.
The historical rank and industry rank for Ta-Yuan Cogeneration Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
ROCO:8931'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.71 Med: 2.26 Max: 4.55
Current: 2.15
During the past years, Ta-Yuan Cogeneration Co's highest Cyclically Adjusted PB Ratio was 4.55. The lowest was 1.71. And the median was 2.26.
ROCO:8931's Cyclically Adjusted PB Ratio is ranked worse than 70.26% of 427
companies
in the Utilities - Regulated industry
Industry Median: 1.52
vs ROCO:8931: 2.15
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.
Ta-Yuan Cogeneration Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$16.158. 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$18.89 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ta-Yuan Cogeneration Co (ROCO:8931) 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.
Ta-Yuan Cogeneration Co Cyclically Adjusted PB Ratio Related Terms
Ta-Yuan Cogeneration Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Ta-Yuan Cogeneration 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.
Ta-Yuan Cogeneration Co Cyclically Adjusted PB Ratio Chart
ROCO:8931 vs NEE, SO, DUK: Cyclically Adjusted PB Ratio Comparison
For the Utilities - Regulated Electric subindustry, Ta-Yuan Cogeneration 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.
Ta-Yuan Cogeneration Co Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Ta-Yuan Cogeneration Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Ta-Yuan Cogeneration Co's Cyclically Adjusted PB Ratio falls into.
Ta-Yuan Cogeneration 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.
* 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.
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 2.15 mean?
Ta-Yuan Cogeneration Co (ROCO:8931) has a Cyclically Adjusted PB Ratio of 2.15 as of Aug. 20, 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 Ta-Yuan Cogeneration Co and its competitors. This is near median its historical median of 2.26. Over the past decade, Ta-Yuan Cogeneration Co's Cyclically Adjusted PB Ratio has ranged from 1.71 to 4.55. According to the industry distribution chart, Ta-Yuan Cogeneration Co ranks #300 out of 427 companies in the Utilities - Regulated industry, placing it in the top 70.3%.
Is Ta-Yuan Cogeneration Co's Cyclically Adjusted PB Ratio too high?
Ta-Yuan Cogeneration Co's current Cyclically Adjusted PB Ratio of 2.15 is near median its 10-year median of 2.26. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 4.55. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.52. Ta-Yuan Cogeneration Co's value of 2.15 is 41.4% above this industry median. Based on the distribution chart, Ta-Yuan Cogeneration Co ranks #300 out of 427 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Ta-Yuan Cogeneration Co has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ta-Yuan Cogeneration Co's Cyclically Adjusted PB Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Ta-Yuan Cogeneration Co ranks #300 out of 427 companies for Cyclically Adjusted PB Ratio. This places Ta-Yuan Cogeneration Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.52. Ta-Yuan Cogeneration Co's value of 2.15 is 41.4% above this benchmark. Historically, Ta-Yuan Cogeneration Co's own Cyclically Adjusted PB Ratio has ranged from 1.71 to 4.55 over the past decade. While the company's 10-year median is 2.26 vs. the industry median of 1.52, Ta-Yuan Cogeneration 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.52, based on 427 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. Ta-Yuan Cogeneration Co's current Cyclically Adjusted PB Ratio of 2.15 is 41.4% 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 Ta-Yuan Cogeneration Co and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ta-Yuan Cogeneration Co's current Cyclically Adjusted PB Ratio is 2.15, which is near median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ta-Yuan Cogeneration Co stock overvalued right now?
Based on GuruFocus' analysis, Ta-Yuan Cogeneration Co (ROCO:8931) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$49.07, compared to a current price of NT$40.60 — trading 17.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.15, which is near median its 10-year median of 2.26 and 41.4% above the Utilities - Regulated industry median of 1.52. Ta-Yuan Cogeneration Co's overall GF Score™ is 77/100 with 10 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 Ta-Yuan Cogeneration Co (ROCO:8931), the current Cyclically Adjusted PB Ratio is 2.15 as of Aug. 20, 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 Ta-Yuan Cogeneration Co (ROCO:8931) Overvalued in 2026?
Based on GuruFocus' analysis, Ta-Yuan Cogeneration Co stock appears to be undervalued.
The current stock price of NT$40.60 is trading 17.3% below its estimated GF Value™ of NT$49.07.
GuruFocus considers Ta-Yuan Cogeneration Co to be Modestly Undervalued.
Key valuation signals for ROCO:8931:
Cyclically Adjusted PB Ratio: 2.15 (near median its 10-year median of 2.26)
GF Value™: NT$49.07 vs. price of NT$40.60 (17.3% below fair value)
Industry Position: 41.4% above the Utilities - Regulated median (#300 of 427)
No single metric tells the full story. See the ROCO:8931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ta-Yuan Cogeneration Co Ltd engages mainly in operating the cogeneration business, operating and repairing equipment, processing waste disposal, managing incinerators, and processing refuse-derived fuel. It is involved in the operation, management, and maintenance of cogeneration plants, as well as waste disposal and incinerator management. Through the development of cogeneration, the company focuses on supplying power to industrial areas and balancing peak and off-peak electricity demand. The company's reportable segments are: Plant of Cogeneration, which generates the maximum revenue, and Plant of Renewable Energy. Geographically, it operates only in Taiwan.
77GF Score
Get the complete analysis for ROCO:8931
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