Hiroca Holdings (TPE:1338) Cyclically Adjusted PB Ratio: 0.19 (As of Aug. 06, 2026) — 63% Below Median

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TPE:1338 Hiroca Holdings Ltd TPE:1338
49 GF Score
Price NT$15.25
GF Value NT$30.02
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Hiroca Holdings Cyclically Adjusted PB Ratio?

Hiroca Holdings TPE:1338 -1.29% 49 Cyclically Adjusted PB Ratio is 0.19 as of Aug. 06, 2026, which is 63% below its 10-year median of 0.51. GuruFocus rates TPE:1338 with a GF Score™ of 49/100 and a GF Value™ of NT$30.02 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,013 Vehicles & Parts companies, Hiroca Holdings ranks better than 95.36% on this metric.

As of today (2026-08-06), Hiroca Holdings's current share price is NT$15.25. Hiroca Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$78.62. Hiroca Holdings's Cyclically Adjusted PB Ratio for today is 0.19.

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

TPE:1338' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.51   Max: 0.94
Current: 0.2

During the past years, Hiroca Holdings's highest Cyclically Adjusted PB Ratio was 0.94. The lowest was 0.18. And the median was 0.51.

TPE:1338's Cyclically Adjusted PB Ratio is ranked better than
95.36% of 1013 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs TPE:1338: 0.20

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.

Hiroca Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was NT$72.721. 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$78.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hiroca Holdings  (TPE:1338) 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.


Hiroca Holdings Cyclically Adjusted PB Ratio Related Terms


Hiroca Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hiroca Holdings'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.

Hiroca Holdings Cyclically Adjusted PB Ratio Chart

Hiroca Holdings 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 0.73 0.54 0.54 0.34 0.26

Hiroca Holdings 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 0.35 0.31 0.28 0.26 0.20

TPE:1338 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, Hiroca Holdings'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.


Hiroca Holdings Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hiroca Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:1338
49GF Score
Hiroca Holdings Ltd TPE:1338
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hiroca Holdings 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.

Hiroca Holdings's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.25/78.62
=0.19

* 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.

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

For example, Hiroca Holdings'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)
=72.721/116.3033*116.3033
=72.721

Current CPI (Mar. 2026) = 116.3033.

Hiroca Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 73.179 101.400 83.935
201609 72.471 102.400 82.311
201612 74.469 102.600 84.415
201703 72.734 103.200 81.969
201706 72.069 103.100 81.298
201709 75.578 104.100 84.438
201712 77.684 104.500 86.458
201803 81.350 105.300 89.851
201806 77.212 104.900 85.605
201809 76.168 106.600 83.101
201812 77.834 106.500 84.999
201903 80.729 107.700 87.178
201906 77.460 107.700 83.648
201909 75.301 109.800 79.761
201912 76.118 111.200 79.611
202003 73.924 112.300 76.559
202006 69.277 110.400 72.981
202009 71.628 111.700 74.580
202012 75.283 111.500 78.526
202103 76.930 112.662 79.417
202106 76.981 111.769 80.104
202109 73.632 112.215 76.314
202112 75.719 113.108 77.858
202203 80.197 114.335 81.578
202206 76.531 114.558 77.697
202209 78.250 115.339 78.904
202212 76.953 115.116 77.747
202303 77.243 115.116 78.040
202306 72.537 114.558 73.642
202309 74.538 115.339 75.161
202312 72.803 114.781 73.769
202403 74.069 115.227 74.761
202406 73.784 114.781 74.763
202409 74.492 115.785 74.826
202412 73.102 114.893 74.000
202503 74.657 115.116 75.427
202506 64.524 114.907 65.308
202509 68.606 115.471 69.100
202512 72.094 115.832 72.387
202603 72.721 116.303 72.721

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 0.19 mean?
Hiroca Holdings (TPE:1338) has a Cyclically Adjusted PB Ratio of 0.19 as of Aug. 06, 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 Hiroca Holdings and its competitors. This is 63% below median its historical median of 0.51. Over the past decade, Hiroca Holdings' Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.94. According to the industry distribution chart, Hiroca Holdings ranks #47 out of 1013 companies in the Vehicles & Parts industry, placing it in the top 4.6%.
Is Hiroca Holdings' Cyclically Adjusted PB Ratio too high?
Hiroca Holdings' current Cyclically Adjusted PB Ratio of 0.19 is 63% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.94. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. Hiroca Holdings' value of 0.19 is 84.9% below this industry median. Based on the distribution chart, Hiroca Holdings ranks #47 out of 1013 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Hiroca Holdings has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hiroca Holdings' Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hiroca Holdings ranks #47 out of 1013 companies for Cyclically Adjusted PB Ratio. This places Hiroca Holdings in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.26. Hiroca Holdings' value of 0.19 is 84.9% below this benchmark. Historically, Hiroca Holdings' own Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.94 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 1.26, Hiroca Holdings has consistently been below 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 1,013 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. Hiroca Holdings's current Cyclically Adjusted PB Ratio of 0.19 is 84.9% below 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 Hiroca Holdings and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiroca Holdings's current Cyclically Adjusted PB Ratio is 0.19, which is 63% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiroca Holdings stock overvalued right now?
Based on GuruFocus' analysis, Hiroca Holdings (TPE:1338) is currently considered Possible Value Trap. The stock's GF Value™ is NT$30.02, compared to a current price of NT$15.25 — trading 49.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is 63% below median its 10-year median of 0.51 and 84.9% below the Vehicles & Parts industry median of 1.26. Hiroca Holdings' overall GF Score™ is 49/100 with 7 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 Hiroca Holdings (TPE:1338), the current Cyclically Adjusted PB Ratio is 0.19 as of Aug. 06, 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 Hiroca Holdings (TPE:1338) Overvalued in 2026?

Based on GuruFocus' analysis, Hiroca Holdings stock appears to be undervalued. The current stock price of NT$15.25 is trading 49.2% below its estimated GF Value™ of NT$30.02. GuruFocus considers Hiroca Holdings to be Possible Value Trap.

Key valuation signals for TPE:1338:

  • Cyclically Adjusted PB Ratio: 0.19 (63% below median its 10-year median of 0.51)
  • GF Value™: NT$30.02 vs. price of NT$15.25 (49.2% below fair value)
  • GF Score™: 49/100 with 7 warning signs
  • Industry Position: 84.9% below the Vehicles & Parts median (#47 of 1013)

No single metric tells the full story. See the TPE:1338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hiroca Holdings Business Description

Address Qiaotou Third Industrial Zone, Houjie Town, Guangdong Province, Dongguan, CHN
Hiroca Holdings Ltd mainly engages in the production and sales of a variety of automotive trim parts, electronic plastic parts, plastic corrugated board, and molds. It provides products and services of Interior, Exterior, and Lighting. The company generates a majority of its revenue from the sale of automotive spare parts and the rest from other products and services. Geographically, it derives key revenue from Mainland China and the rest from America and other regions.
49GF Score

Get the complete analysis for TPE:1338

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

NT$15.25
Price
NT$30.02
GF Value