Lucky Cement Co (TPE:1108) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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.
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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.

TPE:1108 Lucky Cement Co TPE:1108
69 GF Score
Price NT$11.15
GF Value NT$12.68
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Lucky Cement Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lucky Cement Co  (TPE:1108) 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.


Lucky Cement Co Cyclically Adjusted PB Ratio Related Terms


Lucky Cement Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lucky Cement 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.

Lucky Cement Co Cyclically Adjusted PB Ratio Chart

Lucky Cement 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 0.94 0.81 1.16 1.05 1.08

Lucky Cement 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 1.08 1.10 1.09 1.06 0.99

TPE:1108 vs CRH, MLM, VMC: Cyclically Adjusted PB Ratio Comparison

For the Building Materials subindustry, Lucky Cement 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.


Lucky Cement Co Cyclically Adjusted PB Ratio vs Building Materials Industry

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

* The bar in red indicates where Lucky Cement Co's Cyclically Adjusted PB Ratio falls into.


TPE:1108
69GF Score
Lucky Cement Co TPE:1108
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lucky Cement 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.

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

For example, Lucky Cement 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)
=13.51/333.9520*333.9520
=13.510

Current CPI (Jun. 2026) = 333.9520.

Lucky Cement Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.790 241.428 16.308
201612 11.864 241.432 16.410
201703 11.879 243.801 16.272
201706 11.285 244.955 15.385
201709 11.257 246.819 15.231
201712 10.942 246.524 14.823
201803 10.897 249.554 14.582
201806 10.890 251.989 14.432
201809 10.813 252.439 14.305
201812 10.444 251.233 13.883
201903 10.411 254.202 13.677
201906 10.492 256.143 13.679
201909 10.542 256.759 13.711
201912 10.676 256.974 13.874
202003 10.733 258.115 13.886
202006 11.079 257.797 14.352
202009 11.316 260.280 14.519
202012 11.506 260.474 14.752
202103 10.955 264.877 13.812
202106 11.179 271.696 13.741
202109 11.235 274.310 13.678
202112 11.478 278.802 13.748
202203 11.009 287.504 12.788
202206 11.133 296.311 12.547
202209 11.388 296.808 12.813
202212 12.121 296.797 13.638
202303 11.638 301.836 12.876
202306 11.891 305.109 13.015
202309 12.364 307.789 13.415
202312 12.529 306.746 13.640
202403 11.812 312.332 12.630
202406 12.172 314.175 12.938
202409 12.453 315.301 13.190
202412 12.813 315.605 13.558
202503 12.394 319.799 12.943
202506 13.760 322.561 14.246
202509 14.057 324.800 14.453
202512 14.221 324.054 14.655
202603 13.396 330.213 13.548
202606 13.510 333.952 13.510

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 Lucky Cement Co (TPE:1108) Overvalued in 2026?

Based on GuruFocus' analysis, Lucky Cement Co stock appears to be undervalued. The current stock price of NT$11.15 is trading 12.1% below its estimated GF Value™ of NT$12.68. GuruFocus considers Lucky Cement Co to be Modestly Undervalued.

Key valuation signals for TPE:1108:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$12.68 vs. price of NT$11.15 (12.1% below fair value)
  • GF Score™: 69/100 with 5 warning signs

No single metric tells the full story. See the TPE:1108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lucky Cement Co Business Description

Address No.237, Songjiang Road, 15th Floor, Zhongshan District, Taipei, TWN
Lucky Cement Co is a cement manufacturer and its revenue mainly comes from sales of cement, stone materials, and other cement products. Its products include Portland cement which is suitable for the construction of a Reservoir, Dam, bridge foundation, wharf, harbor, and construction in coast areas, Slag and Ashes. Geographically the activities are carried out in Taiwan.
69GF Score

Get the complete analysis for TPE:1108

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

NT$11.15
Price
NT$12.68
GF Value