Chang Ho Fibre (TPE:1468) 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.
Reviewed by: Charlie Tian Charlie Tian
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:1468 Chang Ho Fibre Corp TPE:1468
65 GF Score
Price NT$13.25
GF Value NT$8.06
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Chang Ho Fibre Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Chang Ho Fibre  (TPE:1468) 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.


Chang Ho Fibre Cyclically Adjusted PB Ratio Related Terms


Chang Ho Fibre Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chang Ho Fibre'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.

Chang Ho Fibre Cyclically Adjusted PB Ratio Chart

Chang Ho Fibre 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 1.56 1.56 1.78 1.51 1.34

Chang Ho Fibre 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 1.59 1.41 1.34 1.28 1.30

Chang Ho Fibre Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Chang Ho Fibre'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.


Chang Ho Fibre Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chang Ho Fibre's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Chang Ho Fibre's Cyclically Adjusted PB Ratio falls into.


TPE:1468
65GF Score
Chang Ho Fibre Corp TPE:1468
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chang Ho Fibre 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.

Chang Ho Fibre's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Chang Ho Fibre'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)
=9.57/333.9520*333.9520
=9.570

Current CPI (Jun. 2026) = 333.9520.

Chang Ho Fibre Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.117 241.428 9.844
201612 6.998 241.432 9.680
201703 6.872 243.801 9.413
201706 6.852 244.955 9.341
201709 6.553 246.819 8.866
201712 6.326 246.524 8.569
201803 6.268 249.554 8.388
201806 6.512 251.989 8.630
201809 6.650 252.439 8.797
201812 6.616 251.233 8.794
201903 6.943 254.202 9.121
201906 7.013 256.143 9.143
201909 7.034 256.759 9.149
201912 7.366 256.974 9.573
202003 7.462 258.115 9.654
202006 7.594 257.797 9.837
202009 7.988 260.280 10.249
202012 7.843 260.474 10.055
202103 7.908 264.877 9.970
202106 7.633 271.696 9.382
202109 7.542 274.310 9.182
202112 7.542 278.802 9.034
202203 7.597 287.504 8.824
202206 7.738 296.311 8.721
202209 8.442 296.808 9.498
202212 7.651 296.797 8.609
202303 7.668 301.836 8.484
202306 7.821 305.109 8.560
202309 8.188 307.789 8.884
202312 7.863 306.746 8.560
202403 8.205 312.332 8.773
202406 8.764 314.175 9.316
202409 8.850 315.301 9.374
202412 9.099 315.605 9.628
202503 9.408 319.799 9.824
202506 8.427 322.561 8.725
202509 8.861 324.800 9.111
202512 9.270 324.054 9.553
202603 9.548 330.213 9.656
202606 9.570 333.952 9.570

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 Chang Ho Fibre (TPE:1468) Overvalued in 2026?

Based on GuruFocus' analysis, Chang Ho Fibre stock appears to be overvalued. The current stock price of NT$13.25 is trading 64.4% above its estimated GF Value™ of NT$8.06. GuruFocus considers Chang Ho Fibre to be Significantly Overvalued.

Key valuation signals for TPE:1468:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$8.06 vs. price of NT$13.25 (64.4% above fair value)
  • GF Score™: 65/100 with 9 warning signs

No single metric tells the full story. See the TPE:1468 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chang Ho Fibre Business Description

Address Nankan Road, No. 277, Section 1, Jinxing Village, Luzhu District, Taoyuan, TWN
Chang Ho Fibre Corp manufactures and sells various fibers, ultra-fine and super-micro fibers, and dyed and finished fabrics. Geographically, the company generates maximum revenue from its customers in Bangladesh, followed by China, Taiwan, South Korea, Laos, and Vietnam. The company's segments include: Domestic Segment; Shaoxing Segment; and Other Divisions. The company's main products include: 10-2000 Danny; Double-shot - Four-sided shot; calico; bonding and gluing; Parachute fabric; and PET bottle recycling.
65GF Score

Get the complete analysis for TPE:1468

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

NT$13.25
Price
NT$8.06
GF Value