Lian Hwa Foods (TPE:1231) Cyclically Adjusted PB Ratio: 5.05 (As of Aug. 08, 2026) — Near Median

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TPE:1231 Lian Hwa Foods Corp TPE:1231
90 GF Score
Price NT$80.60
GF Value NT$92.77
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Lian Hwa Foods Cyclically Adjusted PB Ratio?

Lian Hwa Foods TPE:1231 +0.88% 90 Cyclically Adjusted PB Ratio is 5.05 as of Aug. 08, 2026, which is 2% above its 10-year median of 4.95. GuruFocus rates TPE:1231 with a GF Score™ of 90/100 and a GF Value™ of NT$92.77 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,413 Consumer Packaged Goods companies, Lian Hwa Foods ranks worse than 90.66% on this metric.

As of today (2026-08-08), Lian Hwa Foods's current share price is NT$80.60. Lian Hwa Foods's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$15.97. Lian Hwa Foods's Cyclically Adjusted PB Ratio for today is 5.05.

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

TPE:1231' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.11   Med: 4.95   Max: 10.44
Current: 5

During the past years, Lian Hwa Foods's highest Cyclically Adjusted PB Ratio was 10.44. The lowest was 2.11. And the median was 4.95.

TPE:1231's Cyclically Adjusted PB Ratio is ranked worse than
90.66% of 1413 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs TPE:1231: 5.00

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.

Lian Hwa Foods's adjusted book value per share data for the three months ended in Mar. 2026 was NT$23.013. 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$15.97 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lian Hwa Foods  (TPE:1231) 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.


Lian Hwa Foods Cyclically Adjusted PB Ratio Related Terms


Lian Hwa Foods Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lian Hwa Foods'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.

Lian Hwa Foods Cyclically Adjusted PB Ratio Chart

Lian Hwa Foods 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 4.06 4.33 5.11 8.13 5.76

Lian Hwa Foods 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 7.27 7.82 7.69 5.76 5.25

TPE:1231 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Lian Hwa Foods'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.


Lian Hwa Foods Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lian Hwa Foods's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lian Hwa Foods's Cyclically Adjusted PB Ratio falls into.


TPE:1231
90GF Score
Lian Hwa Foods Corp TPE:1231
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lian Hwa Foods 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.

Lian Hwa Foods's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=80.60/15.97
=5.05

* 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.

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

For example, Lian Hwa Foods'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)
=23.013/330.2130*330.2130
=23.013

Current CPI (Mar. 2026) = 330.2130.

Lian Hwa Foods Quarterly Data

Book Value per Share CPI Adj_Book
201606 8.522 241.018 11.676
201609 8.853 241.428 12.109
201612 9.173 241.432 12.546
201703 9.354 243.801 12.669
201706 8.765 244.955 11.816
201709 9.180 246.819 12.282
201712 9.487 246.524 12.708
201803 9.921 249.554 13.128
201806 9.440 251.989 12.370
201809 9.921 252.439 12.978
201812 10.436 251.233 13.717
201903 10.788 254.202 14.014
201906 10.150 256.143 13.085
201909 10.441 256.759 13.428
201912 11.095 256.974 14.257
202003 11.386 258.115 14.566
202006 10.953 257.797 14.030
202009 11.565 260.280 14.672
202012 12.346 260.474 15.652
202103 12.914 264.877 16.099
202106 12.504 271.696 15.197
202109 13.111 274.310 15.783
202112 13.874 278.802 16.432
202203 14.574 287.504 16.739
202206 14.172 296.311 15.793
202209 14.868 296.808 16.541
202212 15.696 296.797 17.463
202303 16.408 301.836 17.951
202306 15.587 305.109 16.869
202309 16.114 307.789 17.288
202312 17.547 306.746 18.889
202403 18.444 312.332 19.500
202406 17.906 314.175 18.820
202409 18.625 315.301 19.506
202412 19.919 315.605 20.841
202503 20.311 319.799 20.972
202506 19.614 322.561 20.079
202509 20.601 324.800 20.944
202512 22.086 324.054 22.506
202603 23.013 330.213 23.013

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 5.05 mean?
Lian Hwa Foods (TPE:1231) has a Cyclically Adjusted PB Ratio of 5.05 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 Lian Hwa Foods and its competitors. This is near median its historical median of 4.95. Over the past decade, Lian Hwa Foods' Cyclically Adjusted PB Ratio has ranged from 2.11 to 10.44. According to the industry distribution chart, Lian Hwa Foods ranks #1281 out of 1413 companies in the Consumer Packaged Goods industry, placing it in the top 90.7%.
Is Lian Hwa Foods' Cyclically Adjusted PB Ratio too high?
Lian Hwa Foods' current Cyclically Adjusted PB Ratio of 5.05 is near median its 10-year median of 4.95. Over the past 10 years, this metric has ranged from a low of 2.11 to a high of 10.44. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. Lian Hwa Foods' value of 5.05 is 307.3% above this industry median. Based on the distribution chart, Lian Hwa Foods ranks #1281 out of 1413 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Lian Hwa Foods has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lian Hwa Foods' Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Lian Hwa Foods ranks #1281 out of 1413 companies for Cyclically Adjusted PB Ratio. This places Lian Hwa Foods in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Lian Hwa Foods' value of 5.05 is 307.3% above this benchmark. Historically, Lian Hwa Foods' own Cyclically Adjusted PB Ratio has ranged from 2.11 to 10.44 over the past decade. While the company's 10-year median is 4.95 vs. the industry median of 1.24, Lian Hwa Foods 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.24, based on 1,413 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. Lian Hwa Foods's current Cyclically Adjusted PB Ratio of 5.05 is 307.3% 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 Lian Hwa Foods and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lian Hwa Foods's current Cyclically Adjusted PB Ratio is 5.05, which is near median its own 10-year median of 4.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lian Hwa Foods stock overvalued right now?
Based on GuruFocus' analysis, Lian Hwa Foods (TPE:1231) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$92.77, compared to a current price of NT$80.60 — trading 13.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.05, which is near median its 10-year median of 4.95 and 307.3% above the Consumer Packaged Goods industry median of 1.24. Lian Hwa Foods' overall GF Score™ is 90/100 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 Lian Hwa Foods (TPE:1231), the current Cyclically Adjusted PB Ratio is 5.05 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 Lian Hwa Foods (TPE:1231) Overvalued in 2026?

Based on GuruFocus' analysis, Lian Hwa Foods stock appears to be undervalued. The current stock price of NT$80.60 is trading 13.1% below its estimated GF Value™ of NT$92.77. GuruFocus considers Lian Hwa Foods to be Modestly Undervalued.

Key valuation signals for TPE:1231:

  • Cyclically Adjusted PB Ratio: 5.05 (near median its 10-year median of 4.95)
  • GF Value™: NT$92.77 vs. price of NT$80.60 (13.1% below fair value)
  • GF Score™: 90/100 with 4 warning signs
  • Industry Position: 307.3% above the Consumer Packaged Goods median (#1281 of 1413)

No single metric tells the full story. See the TPE:1231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lian Hwa Foods Business Description

Address No. 148, Dihua Street, Section 1, Datong District, Taipei, TWN
Lian Hwa Foods Corp is engaged in the manufacturing, processing, trading, and wholesale and retail of seaweed, squid, pasta, rice bran, beans, nuts, melon seeds, jams, beverages, sugar, candy, biscuits, peanut butter and other products or processed products, and various sea and land products, frozen processed foods and canned foods. It operates in two divisions: Snack Food Division and RTE (Ready-to-Eat) Foods Division. The RTE (Ready-to-Eat) Foods Division derives majority of the revenue from Taiwan. Its brands include KOLOKO Crispy Pea Snacks, VIVA Nuts, CADINA Snacks, Moto-Moto-Yama Seaweed, Chef Hoka Instant Pasta, and Lucky Star Snacks.
90GF Score

Get the complete analysis for TPE:1231

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

NT$80.60
Price
NT$92.77
GF Value