Shin Tai Industry Co (TPE:1235) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:1235 Shin Tai Industry Co Ltd TPE:1235
65 GF Score
Price NT$39.10
GF Value NT$311.06
Valuation Possible Value Trap
! 5 Warning Signs
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What is Shin Tai Industry Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shin Tai Industry Co  (TPE:1235) 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.


Shin Tai Industry Co Cyclically Adjusted PB Ratio Related Terms


Shin Tai Industry Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shin Tai Industry 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.

Shin Tai Industry Co Cyclically Adjusted PB Ratio Chart

Shin Tai Industry 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 1.54 2.49 2.61 1.96 1.18

Shin Tai Industry 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 1.67 1.49 1.24 1.00 0.91

TPE:1235 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Shin Tai Industry 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.


Shin Tai Industry Co Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shin Tai Industry Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shin Tai Industry Co's Cyclically Adjusted PB Ratio falls into.


TPE:1235
65GF Score
Shin Tai Industry Co Ltd TPE:1235
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shin Tai Industry 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.

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

For example, Shin Tai Industry 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)
=62.988/333.9520*333.9520
=62.988

Current CPI (Jun. 2026) = 333.9520.

Shin Tai Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 16.041 241.428 22.188
201612 15.163 241.432 20.974
201703 17.119 243.801 23.449
201706 18.155 244.955 24.751
201709 22.152 246.819 29.972
201712 22.795 246.524 30.879
201803 25.032 249.554 33.498
201806 29.024 251.989 38.464
201809 30.125 252.439 39.852
201812 27.867 251.233 37.042
201903 25.033 254.202 32.887
201906 27.517 256.143 35.876
201909 16.296 256.759 21.195
201912 14.161 256.974 18.403
202003 12.766 258.115 16.517
202006 16.808 257.797 21.773
202009 13.688 260.280 17.562
202012 16.431 260.474 21.066
202103 22.108 264.877 27.873
202106 19.986 271.696 24.566
202109 18.352 274.310 22.342
202112 19.816 278.802 23.736
202203 21.918 287.504 25.459
202206 19.055 296.311 21.476
202209 20.880 296.808 23.493
202212 36.603 296.797 41.185
202303 38.013 301.836 42.058
202306 35.467 305.109 38.820
202309 40.651 307.789 44.106
202312 41.710 306.746 45.409
202403 58.000 312.332 62.015
202406 80.941 314.175 86.036
202409 91.337 315.301 96.740
202412 80.222 315.605 84.886
202503 66.499 319.799 69.442
202506 64.443 322.561 66.719
202509 67.697 324.800 69.605
202512 69.535 324.054 71.659
202603 67.050 330.213 67.809
202606 62.988 333.952 62.988

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 Shin Tai Industry Co (TPE:1235) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Tai Industry Co stock appears to be undervalued. The current stock price of NT$39.10 is trading 87.4% below its estimated GF Value™ of NT$311.06. GuruFocus considers Shin Tai Industry Co to be Possible Value Trap.

Key valuation signals for TPE:1235:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$311.06 vs. price of NT$39.10 (87.4% below fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the TPE:1235 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Tai Industry Co Business Description

Address 10 Kao-Nang Highway, Jen-Wuh, Kaohsiung, Hsien, TWN
Shin Tai Industry Co Ltd operates in the farm products industry. The company is engaged in livestock, aquatic products and pet feed, and grain manufacturing.
65GF Score

Get the complete analysis for TPE:1235

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

NT$39.10
Price
NT$311.06
GF Value