TCC Group Holdings Co (TPE:1101) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

TPE:1101 TCC Group Holdings Co Ltd TPE:1101
86 GF Score
Price NT$24.35
GF Value NT$31.59
Valuation Modestly Undervalued
! 12 Warning Signs
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What is TCC Group Holdings Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


TCC Group Holdings Co  (TPE:1101) 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.


TCC Group Holdings Co Cyclically Adjusted PB Ratio Related Terms


TCC Group Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for TCC Group Holdings 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.

TCC Group Holdings Co Cyclically Adjusted PB Ratio Chart

TCC Group Holdings 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 1.25 0.91 0.93 0.83 0.60

TCC Group Holdings Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.65 0.61 0.60 0.58 0.60

TPE:1101 vs CRH, MLM, VMC: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, TCC Group Holdings 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.


TCC Group Holdings Co Cyclically Adjusted PB Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, TCC Group Holdings Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where TCC Group Holdings Co's Cyclically Adjusted PB Ratio falls into.


TPE:1101
86GF Score
TCC Group Holdings Co Ltd TPE:1101
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TCC Group Holdings 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.

TCC Group Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, TCC Group Holdings Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=39.679/333.9520*333.9520
=39.679

Current CPI (Jun. 2026) = 333.9520.

TCC Group Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 28.978 241.428 40.083
201612 29.365 241.432 40.618
201703 29.395 243.801 40.264
201706 28.960 244.955 39.482
201709 30.474 246.819 41.232
201712 26.441 246.524 35.818
201803 28.753 249.554 38.477
201806 28.832 251.989 38.210
201809 29.442 252.439 38.949
201812 31.265 251.233 41.559
201903 33.289 254.202 43.733
201906 31.134 256.143 40.592
201909 31.159 256.759 40.527
201912 32.755 256.974 42.567
202003 32.577 258.115 42.148
202006 30.871 257.797 39.991
202009 32.935 260.280 42.257
202012 34.404 260.474 44.109
202103 34.553 264.877 43.564
202106 34.928 271.696 42.931
202109 32.848 274.310 39.990
202112 33.246 278.802 39.822
202203 34.747 287.504 40.361
202206 32.227 296.311 36.321
202209 32.630 296.808 36.713
202212 33.035 296.797 37.171
202303 33.381 301.836 36.933
202306 32.611 305.109 35.694
202309 34.013 307.789 36.904
202312 33.448 306.746 36.415
202403 39.028 312.332 41.730
202406 39.169 314.175 41.635
202409 40.018 315.301 42.385
202412 40.619 315.605 42.980
202503 41.831 319.799 43.682
202506 36.499 322.561 37.788
202509 37.176 324.800 38.224
202512 38.796 324.054 39.981
202603 40.403 330.213 40.860
202606 39.679 333.952 39.679

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.

Is TCC Group Holdings Co (TPE:1101) Overvalued in 2026?

Based on GuruFocus' analysis, TCC Group Holdings Co stock appears to be undervalued. The current stock price of NT$24.35 is trading 22.9% below its estimated GF Value™ of NT$31.59. GuruFocus considers TCC Group Holdings Co to be Modestly Undervalued.

Key valuation signals for TPE:1101:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$31.59 vs. price of NT$24.35 (22.9% below fair value)
  • GF Score™: 86/100 with 12 warning signs

No single metric tells the full story. See the TPE:1101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TCC Group Holdings Co Business Description

Other Exchanges 1101B.PFD:Taiwan
Address No.113, Zhongshan North Road, Section 2, Taipei, TWN, 104
TCC Group Holdings Co Ltd engages in the manufacturing and marketing of cement, cement-related products and ready-mixed concrete. The majority of revenue comes from Taiwan and the rest from Asia and Europe.
86GF Score

Get the complete analysis for TPE:1101

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

NT$24.35
Price
NT$31.59
GF Value