Kuo Toong International Co (ROCO:8936) Cyclically Adjusted PB Ratio: 2.12 (As of Aug. 14, 2026) — 75% Above Median

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ROCO:8936 Kuo Toong International Co Ltd ROCO:8936
89 GF Score
Price NT$50.70
GF Value NT$73.40
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Kuo Toong International Co Cyclically Adjusted PB Ratio?

Kuo Toong International Co ROCO:8936 -0.59% 89 Cyclically Adjusted PB Ratio is 2.12 as of Aug. 14, 2026, which is 75% above its 10-year median of 1.21. GuruFocus rates ROCO:8936 with a GF Score™ of 89/100 and a GF Value™ of NT$73.40 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,329 Construction companies, Kuo Toong International Co ranks worse than 71.03% on this metric.

As of today (2026-08-14), Kuo Toong International Co's current share price is NT$50.70. Kuo Toong International Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$23.95. Kuo Toong International Co's Cyclically Adjusted PB Ratio for today is 2.12.

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

ROCO:8936' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.55   Med: 1.21   Max: 3.96
Current: 2.2

During the past years, Kuo Toong International Co's highest Cyclically Adjusted PB Ratio was 3.96. The lowest was 0.55. And the median was 1.21.

ROCO:8936's Cyclically Adjusted PB Ratio is ranked worse than
71.03% of 1329 companies
in the Construction industry
Industry Median: 1.14 vs ROCO:8936: 2.20

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.

Kuo Toong International Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$28.075. 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$23.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kuo Toong International Co  (ROCO:8936) 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.


Kuo Toong International Co Cyclically Adjusted PB Ratio Related Terms


Kuo Toong International Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kuo Toong International 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.

Kuo Toong International Co Cyclically Adjusted PB Ratio Chart

Kuo Toong International 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 1.03 0.95 2.00 2.07 2.35

Kuo Toong International 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 2.28 2.28 2.15 2.35 2.12

ROCO:8936 vs TT, JCI, CARR: Cyclically Adjusted PB Ratio Comparison

For the Building Products & Equipment subindustry, Kuo Toong International 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.


Kuo Toong International Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Kuo Toong International Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:8936
89GF Score
Kuo Toong International Co Ltd ROCO:8936
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kuo Toong International 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.

Kuo Toong International Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=50.70/23.95
=2.12

* 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.

Kuo Toong International Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kuo Toong International 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)
=28.075/330.2130*330.2130
=28.075

Current CPI (Mar. 2026) = 330.2130.

Kuo Toong International Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.916 241.018 28.657
201609 19.943 241.428 27.277
201612 18.051 241.432 24.689
201703 17.667 243.801 23.929
201706 17.500 244.955 23.591
201709 17.077 246.819 22.847
201712 16.397 246.524 21.963
201803 16.598 249.554 21.963
201806 17.260 251.989 22.618
201809 17.170 252.439 22.460
201812 17.216 251.233 22.628
201903 17.643 254.202 22.919
201906 17.635 256.143 22.735
201909 17.866 256.759 22.977
201912 17.556 256.974 22.560
202003 17.588 258.115 22.501
202006 17.484 257.797 22.395
202009 17.454 260.280 22.144
202012 18.682 260.474 23.684
202103 18.217 264.877 22.711
202106 18.668 271.696 22.689
202109 18.766 274.310 22.590
202112 19.353 278.802 22.922
202203 19.590 287.504 22.500
202206 20.403 296.311 22.737
202209 21.016 296.808 23.381
202212 21.604 296.797 24.036
202303 22.311 301.836 24.409
202306 21.169 305.109 22.911
202309 22.062 307.789 23.669
202312 22.843 306.746 24.591
202403 23.275 312.332 24.607
202406 22.717 314.175 23.877
202409 23.863 315.301 24.992
202412 25.372 315.605 26.546
202503 26.124 319.799 26.975
202506 24.516 322.561 25.098
202509 25.951 324.800 26.383
202512 27.256 324.054 27.774
202603 28.075 330.213 28.075

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 2.12 mean?
Kuo Toong International Co (ROCO:8936) has a Cyclically Adjusted PB Ratio of 2.12 as of Aug. 14, 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 Kuo Toong International Co and its competitors. This is 75% above median its historical median of 1.21. Over the past decade, Kuo Toong International Co's Cyclically Adjusted PB Ratio has ranged from 0.55 to 3.96. According to the industry distribution chart, Kuo Toong International Co ranks #944 out of 1329 companies in the Construction industry, placing it in the top 71%.
Is Kuo Toong International Co's Cyclically Adjusted PB Ratio too high?
Kuo Toong International Co's current Cyclically Adjusted PB Ratio of 2.12 is 75% above median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 3.96. The Construction industry median Cyclically Adjusted PB Ratio is 1.14. Kuo Toong International Co's value of 2.12 is 86% above this industry median. Based on the distribution chart, Kuo Toong International Co ranks #944 out of 1329 companies in the Construction industry, which is below the industry midpoint. Overall, Kuo Toong International Co has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kuo Toong International Co's Cyclically Adjusted PB Ratio compare to TT and JCI?
According to the Construction industry distribution chart, Kuo Toong International Co ranks #944 out of 1329 companies for Cyclically Adjusted PB Ratio. This places Kuo Toong International Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.14. Kuo Toong International Co's value of 2.12 is 86% above this benchmark. Historically, Kuo Toong International Co's own Cyclically Adjusted PB Ratio has ranged from 0.55 to 3.96 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 1.14, Kuo Toong International 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 Construction company?
The median Cyclically Adjusted PB Ratio among Construction companies is 1.14, based on 1,329 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. Kuo Toong International Co's current Cyclically Adjusted PB Ratio of 2.12 is 86% 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 Kuo Toong International Co and its competitors. For the Construction industry, the median Cyclically Adjusted PB Ratio is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuo Toong International Co's current Cyclically Adjusted PB Ratio is 2.12, which is 75% above median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuo Toong International Co stock overvalued right now?
Based on GuruFocus' analysis, Kuo Toong International Co (ROCO:8936) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$73.40, compared to a current price of NT$50.70 — trading 30.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.12, which is 75% above median its 10-year median of 1.21 and 86% above the Construction industry median of 1.14. Kuo Toong International Co's overall GF Score™ is 89/100 with 2 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 Kuo Toong International Co (ROCO:8936), the current Cyclically Adjusted PB Ratio is 2.12 as of Aug. 14, 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 Kuo Toong International Co (ROCO:8936) Overvalued in 2026?

Based on GuruFocus' analysis, Kuo Toong International Co stock appears to be undervalued. The current stock price of NT$50.70 is trading 30.9% below its estimated GF Value™ of NT$73.40. GuruFocus considers Kuo Toong International Co to be Significantly Undervalued.

Key valuation signals for ROCO:8936:

  • Cyclically Adjusted PB Ratio: 2.12 (75% above median its 10-year median of 1.21)
  • GF Value™: NT$73.40 vs. price of NT$50.70 (30.9% below fair value)
  • GF Score™: 89/100 with 2 warning signs
  • Industry Position: 86% above the Construction median (#944 of 1329)

No single metric tells the full story. See the ROCO:8936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kuo Toong International Co Business Description

Address No. 91, Dashun 1st Road, 8th Floor, Zuoying District, Kaohsiung, TWN, 81357
Kuo Toong International Co Ltd is engaged in the manufacturing and trading of various prestressed concrete pipes, straight steel pipes, propelling steel pipes, ductile iron pipes, cement products, and spare parts. In addition, it is also involved in assembling and embedding various water pipes and spare parts. The group has three reportable operating segments, which are Kuo Toong, which derives maximum revenue, Kuo Yang, and Other.
89GF Score

Get the complete analysis for ROCO:8936

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

NT$50.70
Price
NT$73.40
GF Value