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.
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.
Ten Pao Group HoldingsTNPOF 79 Cyclically Adjusted PB Ratio is 1.87 as of Aug. 08, 2026, which is 11% above its 10-year median of 1.68. GuruFocus rates TNPOF with a GF Scoreâ„¢ of 79/100 and a GF Valueâ„¢ of $0.11. The stock has 4 warning signs investors should review. Among 2,252 Industrial Products companies, Ten Pao Group Holdings ranks better than 64.96% on this metric.
The historical rank and industry rank for Ten Pao Group Holdings's Cyclically Adjusted PB Ratio or its related term are showing as below:
TNPOF'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07 Med: 1.68 Max: 2.48
Current: 1.36
During the past 12 years, Ten Pao Group Holdings's highest Cyclically Adjusted PB Ratio was 2.48. The lowest was 1.07. And the median was 1.68.
TNPOF's Cyclically Adjusted PB Ratio is ranked better than 64.96% of 2252
companies
in the Industrial Products industry
Industry Median: 2.07
vs TNPOF: 1.36
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.
Ten Pao Group Holdings's adjusted book value per share data of for the fiscal year that ended in Dec25 was $0.272. 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 $0.06 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ten Pao Group Holdings (OTCPK:TNPOF) 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.
Ten Pao Group Holdings Cyclically Adjusted PB Ratio Related Terms
Ten Pao Group Holdings Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Ten Pao Group Holdings'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.
Ten Pao Group Holdings Cyclically Adjusted PB Ratio Chart
TNPOF vs VRT, BE: Cyclically Adjusted PB Ratio Comparison
For the Electrical Equipment & Parts subindustry, Ten Pao Group Holdings'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.
Ten Pao Group Holdings Cyclically Adjusted PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ten Pao Group Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Ten Pao Group Holdings's Cyclically Adjusted PB Ratio falls into.
Ten Pao Group Holdings 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 1.87 mean?
Ten Pao Group Holdings (TNPOF) has a Cyclically Adjusted PB Ratio of 1.87 as of Aug. 08, 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 Ten Pao Group Holdings and its competitors. This is 11% above median its historical median of 1.68. Over the past decade, Ten Pao Group Holdings' Cyclically Adjusted PB Ratio has ranged from 1.07 to 2.48. According to the industry distribution chart, Ten Pao Group Holdings ranks #789 out of 2252 companies in the Industrial Products industry, placing it in the top 35%.
Is Ten Pao Group Holdings' Cyclically Adjusted PB Ratio too high?
Ten Pao Group Holdings' current Cyclically Adjusted PB Ratio of 1.87 is 11% above median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 2.48. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Ten Pao Group Holdings' value of 1.87 is 9.7% below this industry median. Based on the distribution chart, Ten Pao Group Holdings ranks #789 out of 2252 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Ten Pao Group Holdings has a GF Scoreâ„¢ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Ten Pao Group Holdings' Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ten Pao Group Holdings ranks #789 out of 2252 companies for Cyclically Adjusted PB Ratio. This puts Ten Pao Group Holdings in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Ten Pao Group Holdings' value of 1.87 is 9.7% below this benchmark. Historically, Ten Pao Group Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.07 to 2.48 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 2.07, Ten Pao Group Holdings 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.07, based on 2,252 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. Ten Pao Group Holdings's current Cyclically Adjusted PB Ratio of 1.87 is 9.7% 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 Ten Pao Group Holdings and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Pao Group Holdings's current Cyclically Adjusted PB Ratio is 1.87, which is 11% above median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Pao Group Holdings stock overvalued right now?
Ten Pao Group Holdings (TNPOF) has a current Cyclically Adjusted PB Ratio of 1.87. The stock's GF Value™ is $0.11, compared to a current price of $0.11 — trading 1.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.87, which is 11% above median its 10-year median of 1.68 and 9.7% below the Industrial Products industry median of 2.07. Ten Pao Group Holdings' overall GF Score™ is 79/100 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 Ten Pao Group Holdings (TNPOF), the current Cyclically Adjusted PB Ratio is 1.87 as of Aug. 08, 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 Ten Pao Group Holdings (TNPOF) Overvalued in 2026?
Based on GuruFocus' analysis, Ten Pao Group Holdings stock appears to be overvalued.
The current stock price of $0.11 is trading 1.8% above its estimated GF Value™ of $0.11.
Key valuation signals for TNPOF:
Cyclically Adjusted PB Ratio: 1.87 (11% above median its 10-year median of 1.68)
GF Value™: $0.11 vs. price of $0.11 (1.8% above fair value)
Industry Position: 9.7% below the Industrial Products median (#789 of 2252)
No single metric tells the full story. See the TNPOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ten Pao Group Holdings Ltd is an investment holding company. It is engaged in the sales and manufacturing of switching power supply units for consumer products and smart chargers and controllers for industrial use. The operating segments of the company are Telecommunication, Media and Entertainment, Lighting, Smart chargers and controllers, New Energy Business, and others. Some of its products are USB chargers, wireless chargers, adapters, open-frame power supplies, LED drivers, smart chargers and controllers, and power savers. Geographically, the group has a business presence in the PRC (excluding Hong Kong), Europe, Asia, the U.S., Africa, and Other regions, of which prime revenue is derived from the PRC (excluding Hong Kong).
79GF Score
Get the complete analysis for TNPOF
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TNPOF has been successfully added to your 
