Ttet Union (TPE:1232) Cyclically Adjusted PB Ratio: 4.51 (As of Aug. 04, 2026) — 12% Below Median

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TPE:1232 Ttet Union Corp TPE:1232
82 GF Score
Price NT$151.50
GF Value NT$141.86
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Ttet Union Cyclically Adjusted PB Ratio?

Ttet Union TPE:1232 -1.30% 82 Cyclically Adjusted PB Ratio is 4.51 as of Aug. 04, 2026, which is 12% below its 10-year median of 5.14. GuruFocus rates TPE:1232 with a GF Score™ of 82/100 and a GF Value™ of NT$141.86 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,425 Consumer Packaged Goods companies, Ttet Union ranks worse than 88.91% on this metric.

As of today (2026-08-04), Ttet Union's current share price is NT$151.50. Ttet Union's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$33.62. Ttet Union's Cyclically Adjusted PB Ratio for today is 4.51.

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

TPE:1232' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.19   Med: 5.14   Max: 7.42
Current: 4.58

During the past years, Ttet Union's highest Cyclically Adjusted PB Ratio was 7.42. The lowest was 4.19. And the median was 5.14.

TPE:1232's Cyclically Adjusted PB Ratio is ranked worse than
88.91% of 1425 companies
in the Consumer Packaged Goods industry
Industry Median: 1.24 vs TPE:1232: 4.58

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.

Ttet Union's adjusted book value per share data for the three months ended in Mar. 2026 was NT$39.227. 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$33.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ttet Union  (TPE:1232) 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.


Ttet Union Cyclically Adjusted PB Ratio Related Terms


Ttet Union Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ttet Union'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.

Ttet Union Cyclically Adjusted PB Ratio Chart

Ttet Union 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 6.16 5.00 4.76 4.67 4.40

Ttet Union 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 4.69 4.69 4.50 4.40 4.43

TPE:1232 vs KHC, GIS: Cyclically Adjusted PB Ratio Comparison

For the Packaged Foods subindustry, Ttet Union'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.


Ttet Union Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TPE:1232
82GF Score
Ttet Union Corp TPE:1232
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ttet Union 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.

Ttet Union's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=151.50/33.62
=4.51

* 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.

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

For example, Ttet Union'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)
=39.227/330.2130*330.2130
=39.227

Current CPI (Mar. 2026) = 330.2130.

Ttet Union Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.678 241.018 28.330
201609 21.866 241.428 29.907
201612 23.502 241.432 32.144
201703 24.565 243.801 33.272
201706 20.827 244.955 28.076
201709 22.289 246.819 29.820
201712 23.575 246.524 31.578
201803 24.808 249.554 32.826
201806 21.264 251.989 27.865
201809 22.475 252.439 29.399
201812 24.259 251.233 31.885
201903 26.117 254.202 33.926
201906 22.440 256.143 28.929
201909 23.891 256.759 30.726
201912 25.381 256.974 32.615
202003 27.045 258.115 34.599
202006 23.624 257.797 30.260
202009 25.791 260.280 32.721
202012 28.467 260.474 36.089
202103 31.521 264.877 39.296
202106 27.201 271.696 33.059
202109 28.050 274.310 33.766
202112 30.371 278.802 35.971
202203 33.368 287.504 38.325
202206 29.729 296.311 33.130
202209 30.490 296.808 33.922
202212 32.197 296.797 35.822
202303 34.377 301.836 37.609
202306 29.994 305.109 32.462
202309 31.652 307.789 33.958
202312 33.744 306.746 36.326
202403 35.511 312.332 37.544
202406 31.577 314.175 33.189
202409 33.194 315.301 34.764
202412 35.530 315.605 37.175
202503 37.453 319.799 38.673
202506 32.450 322.561 33.220
202509 34.397 324.800 34.970
202512 36.905 324.054 37.606
202603 39.227 330.213 39.227

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 4.51 mean?
Ttet Union (TPE:1232) has a Cyclically Adjusted PB Ratio of 4.51 as of Aug. 04, 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 Ttet Union and its competitors. This is 12% below median its historical median of 5.14. Over the past decade, Ttet Union's Cyclically Adjusted PB Ratio has ranged from 4.19 to 7.42. According to the industry distribution chart, Ttet Union ranks #1267 out of 1425 companies in the Consumer Packaged Goods industry, placing it in the top 88.9%.
Is Ttet Union's Cyclically Adjusted PB Ratio too high?
Ttet Union's current Cyclically Adjusted PB Ratio of 4.51 is 12% below median its 10-year median of 5.14. Over the past 10 years, this metric has ranged from a low of 4.19 to a high of 7.42. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.24. Ttet Union's value of 4.51 is 263.7% above this industry median. Based on the distribution chart, Ttet Union ranks #1267 out of 1425 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Ttet Union has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ttet Union's Cyclically Adjusted PB Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ttet Union ranks #1267 out of 1425 companies for Cyclically Adjusted PB Ratio. This places Ttet Union in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.24. Ttet Union's value of 4.51 is 263.7% above this benchmark. Historically, Ttet Union's own Cyclically Adjusted PB Ratio has ranged from 4.19 to 7.42 over the past decade. While the company's 10-year median is 5.14 vs. the industry median of 1.24, Ttet Union 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 1,425 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. Ttet Union's current Cyclically Adjusted PB Ratio of 4.51 is 263.7% 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 Ttet Union 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. Ttet Union's current Cyclically Adjusted PB Ratio is 4.51, which is 12% below median its own 10-year median of 5.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ttet Union stock overvalued right now?
Based on GuruFocus' analysis, Ttet Union (TPE:1232) is currently considered Fairly Valued. The stock's GF Value™ is NT$141.86, compared to a current price of NT$151.50 — trading 6.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.51, which is 12% below median its 10-year median of 5.14 and 263.7% above the Consumer Packaged Goods industry median of 1.24. Ttet Union's overall GF Score™ is 82/100 with 6 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 Ttet Union (TPE:1232), the current Cyclically Adjusted PB Ratio is 4.51 as of Aug. 04, 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 Ttet Union (TPE:1232) Overvalued in 2026?

Based on GuruFocus' analysis, Ttet Union stock appears to be overvalued. The current stock price of NT$151.50 is trading 6.8% above its estimated GF Value™ of NT$141.86. GuruFocus considers Ttet Union to be Fairly Valued.

Key valuation signals for TPE:1232:

  • Cyclically Adjusted PB Ratio: 4.51 (12% below median its 10-year median of 5.14)
  • GF Value™: NT$141.86 vs. price of NT$151.50 (6.8% above fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 263.7% above the Consumer Packaged Goods median (#1267 of 1425)

No single metric tells the full story. See the TPE:1232 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ttet Union Business Description

Address No. 32, Industrial West Road, Erzhen Village, Guantian District, Tainan, TWN, 720008
Ttet Union Corp is mainly engaged in the manufacture, processing, sales, import, and export of various vegetable oils, and is also involved in the cogeneration plant business. The Company manufactures, processes, and sells soybean flour, selected soybeans, and other related products. Its product categories include plant oil series, soy protein series, selected soybean series, and others.
82GF Score

Get the complete analysis for TPE:1232

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

NT$151.50
Price
NT$141.86
GF Value