Traphaco JSC (STC:TRA) Cyclically Adjusted PB Ratio: 2.27 (As of Jul. 22, 2026) — 58% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STC:TRA Traphaco JSC STC:TRA
82 GF Score
Price ₫38,200.00
GF Value ₫46,259.64
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Traphaco JSC Cyclically Adjusted PB Ratio?

Traphaco JSC STC:TRA +0.26% 82 Cyclically Adjusted PB Ratio is 2.27 as of Jul. 22, 2026, which is 58% above its 10-year median of 1.44. GuruFocus rates STC:TRA with a GF Score™ of 82/100 and a GF Value™ of ₫46,259.64 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 758 Drug Manufacturers companies, Traphaco JSC ranks better than 69% on this metric.

As of today (2026-07-22), Traphaco JSC's current share price is ₫38200.00. Traphaco JSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₫16,812.16. Traphaco JSC's Cyclically Adjusted PB Ratio for today is 2.27.

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

STC:TRA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.44   Max: 2.27
Current: 2.27

During the past years, Traphaco JSC's highest Cyclically Adjusted PB Ratio was 2.27. The lowest was 1.01. And the median was 1.44.

STC:TRA's Cyclically Adjusted PB Ratio is ranked better than
69% of 758 companies
in the Drug Manufacturers industry
Industry Median: 1.855 vs STC:TRA: 2.27

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.

Traphaco JSC's adjusted book value per share data for the three months ended in Mar. 2026 was ₫17,350.357. 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 ₫16,812.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Traphaco JSC  (STC:TRA) 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.


Traphaco JSC Cyclically Adjusted PB Ratio Related Terms


Traphaco JSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Traphaco JSC'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.

Traphaco JSC Cyclically Adjusted PB Ratio Chart

Traphaco JSC 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 3.75 3.28 3.05 2.52 2.28

Traphaco JSC 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 2.44 2.09 2.04 2.28 2.08

STC:TRA vs ZTS, UTHR: Cyclically Adjusted PB Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Traphaco JSC'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.


Traphaco JSC Cyclically Adjusted PB Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Traphaco JSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STC:TRA
82GF Score
Traphaco JSC STC:TRA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Traphaco JSC 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.

Traphaco JSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=38200.00/16812.16
=2.27

* 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.

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

For example, Traphaco JSC'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)
=17350.357/330.2130*330.2130
=17,350.357

Current CPI (Mar. 2026) = 330.2130.

Traphaco JSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 10,755.659 241.018 14,736.071
201609 11,369.478 241.428 15,550.597
201612 11,207.138 241.432 15,328.302
201703 11,049.362 243.801 14,965.660
201706 11,850.644 244.955 15,975.329
201709 12,528.823 246.819 16,762.001
201712 12,434.805 246.524 16,656.124
201803 12,043.574 249.554 15,936.209
201806 12,248.798 251.989 16,051.146
201809 12,666.981 252.439 16,569.555
201812 12,313.039 251.233 16,183.883
201903 12,303.997 254.202 15,983.115
201906 12,524.603 256.143 16,146.398
201909 12,853.559 256.759 16,530.724
201912 12,442.167 256.974 15,988.253
202003 12,351.480 258.115 15,801.558
202006 12,805.202 257.797 16,402.224
202009 13,336.018 260.280 16,919.189
202012 13,018.802 260.474 16,504.441
202103 13,070.195 264.877 16,294.160
202106 13,739.964 271.696 16,699.233
202109 14,457.071 274.310 17,403.349
202112 14,091.312 278.802 16,689.745
202203 14,418.117 287.504 16,559.942
202206 15,250.887 296.311 16,995.795
202209 16,016.012 296.808 17,818.574
202212 15,381.031 296.797 17,112.762
202303 15,665.213 301.836 17,137.972
202306 16,434.752 305.109 17,786.984
202309 17,123.827 307.789 18,371.385
202312 16,638.212 306.746 17,911.086
202403 16,214.382 312.332 17,142.655
202406 16,934.768 314.175 17,799.254
202409 17,341.359 315.301 18,161.510
202412 17,121.355 315.605 17,913.829
202503 16,572.526 319.799 17,112.197
202506 17,397.881 322.561 17,810.605
202509 18,036.630 324.800 18,337.222
202512 18,730.914 324.054 19,086.915
202603 17,350.357 330.213 17,350.357

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 2.27 mean?
Traphaco JSC (STC:TRA) has a Cyclically Adjusted PB Ratio of 2.27 as of Jul. 22, 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 Traphaco JSC and its competitors. This is 58% above median its historical median of 1.44. Over the past decade, Traphaco JSC's Cyclically Adjusted PB Ratio has ranged from 1.01 to 2.27. According to the industry distribution chart, Traphaco JSC ranks #235 out of 758 companies in the Drug Manufacturers industry, placing it in the top 31%.
Is Traphaco JSC's Cyclically Adjusted PB Ratio too high?
Traphaco JSC's current Cyclically Adjusted PB Ratio of 2.27 is 58% above median its 10-year median of 1.44. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 2.27. The Drug Manufacturers industry median Cyclically Adjusted PB Ratio is 1.86. Traphaco JSC's value of 2.27 is 22.4% above this industry median. Based on the distribution chart, Traphaco JSC ranks #235 out of 758 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Traphaco JSC has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Traphaco JSC's Cyclically Adjusted PB Ratio compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Traphaco JSC ranks #235 out of 758 companies for Cyclically Adjusted PB Ratio. This puts Traphaco JSC in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.86. Traphaco JSC's value of 2.27 is 22.4% above this benchmark. Historically, Traphaco JSC's own Cyclically Adjusted PB Ratio has ranged from 1.01 to 2.27 over the past decade. While the company's 10-year median is 1.44 vs. the industry median of 1.86, Traphaco JSC 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 Drug Manufacturers company?
The median Cyclically Adjusted PB Ratio among Drug Manufacturers companies is 1.86, based on 758 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. Traphaco JSC's current Cyclically Adjusted PB Ratio of 2.27 is 22.4% 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 Traphaco JSC and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PB Ratio is 1.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Traphaco JSC's current Cyclically Adjusted PB Ratio is 2.27, which is 58% above median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Traphaco JSC stock overvalued right now?
Based on GuruFocus' analysis, Traphaco JSC (STC:TRA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫46,259.64, compared to a current price of ₫38,200.00 — trading 17.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.27, which is 58% above median its 10-year median of 1.44 and 22.4% above the Drug Manufacturers industry median of 1.86. Traphaco JSC's overall GF Score™ is 82/100 with 3 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 Traphaco JSC (STC:TRA), the current Cyclically Adjusted PB Ratio is 2.27 as of Jul. 22, 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 Traphaco JSC (STC:TRA) Overvalued in 2026?

Based on GuruFocus' analysis, Traphaco JSC stock appears to be undervalued. The current stock price of ₫38,200.00 is trading 17.4% below its estimated GF Value™ of ₫46,259.64. GuruFocus considers Traphaco JSC to be Modestly Undervalued.

Key valuation signals for STC:TRA:

  • Cyclically Adjusted PB Ratio: 2.27 (58% above median its 10-year median of 1.44)
  • GF Value™: ₫46,259.64 vs. price of ₫38,200.00 (17.4% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 22.4% above the Drug Manufacturers median (#235 of 758)

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


Traphaco JSC Business Description

Address 75 Yen Ninh Street, Quan Thanh Ward, Ba Dinh District, Ha Noi City, VNM
Traphaco JSC is engaged in the production and trading of pharmaceuticals, chemicals, and medical supplies and equipment. The company's products are used for nourishing the body, the Skeletal system, for hair, for eyes, the Nervous system, the Respiratory system, and Other groups.
82GF Score

Get the complete analysis for STC:TRA

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

₫38,200.00
Price
₫46,259.64
GF Value