Triocean Industrial Co (TPE:1472) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:1472 Triocean Industrial Corp Co Ltd TPE:1472
81 GF Score
Price NT$87.30
GF Value NT$92.00
Valuation Fairly Valued
! 5 Warning Signs
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What is Triocean Industrial Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Triocean Industrial Co  (TPE:1472) 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.


Triocean Industrial Co Cyclically Adjusted PB Ratio Related Terms


Triocean Industrial Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Triocean Industrial 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.

Triocean Industrial Co Cyclically Adjusted PB Ratio Chart

Triocean Industrial 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 0.97 0.66 1.79 1.86 2.46

Triocean Industrial 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 2.56 2.48 2.43 2.57 2.37

TPE:1472 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Triocean Industrial 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.


Triocean Industrial Co Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Triocean Industrial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Triocean Industrial Co's Cyclically Adjusted PB Ratio falls into.


TPE:1472
81GF Score
Triocean Industrial Corp Co Ltd TPE:1472
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Triocean Industrial 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.

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

For example, Triocean Industrial 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)
=42.872/333.9520*333.9520
=42.872

Current CPI (Jun. 2026) = 333.9520.

Triocean Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 30.162 241.428 41.721
201612 30.662 241.432 42.412
201703 29.074 243.801 39.825
201706 29.449 244.955 40.148
201709 26.328 246.819 35.622
201712 28.166 246.524 38.155
201803 26.166 249.554 35.015
201806 24.543 251.989 32.526
201809 23.944 252.439 31.676
201812 23.547 251.233 31.300
201903 25.596 254.202 33.626
201906 37.784 256.143 49.262
201909 35.924 256.759 46.724
201912 33.749 256.974 43.859
202003 25.664 258.115 33.204
202006 17.731 257.797 22.969
202009 12.337 260.280 15.829
202012 18.651 260.474 23.912
202103 16.752 264.877 21.121
202106 15.462 271.696 19.005
202109 101.780 274.310 123.910
202112 29.457 278.802 35.284
202203 8.218 287.504 9.546
202206 29.795 296.311 33.580
202209 29.335 296.808 33.006
202212 29.749 296.797 33.473
202303 30.026 301.836 33.221
202306 30.795 305.109 33.706
202309 30.917 307.789 33.545
202312 32.063 306.746 34.907
202403 33.115 312.332 35.407
202406 32.871 314.175 34.940
202409 37.157 315.301 39.355
202412 38.670 315.605 40.918
202503 41.616 319.799 43.458
202506 40.944 322.561 42.390
202509 42.305 324.800 43.497
202512 43.782 324.054 45.119
202603 46.614 330.213 47.142
202606 42.872 333.952 42.872

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 Triocean Industrial Co (TPE:1472) Overvalued in 2026?

Based on GuruFocus' analysis, Triocean Industrial Co stock appears to be undervalued. The current stock price of NT$87.30 is trading 5.1% below its estimated GF Value™ of NT$92.00. GuruFocus considers Triocean Industrial Co to be Fairly Valued.

Key valuation signals for TPE:1472:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$92.00 vs. price of NT$87.30 (5.1% below fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the TPE:1472 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Triocean Industrial Co Business Description

Address No. 360, Jiabao Road, 3rd Floor, Dashe District, Kaohsiung, TWN, 815006
Triocean Industrial Corp Co Ltd is engaged in the construction business. The company's business includes contracting repair/renovation projects, undertaking construction such as land preparation, infrastructure, installation of construction equipment, and construction, reconstruction, and repair of civil engineering projects. It mainly undertakes private residential projects, and cooperates with its subsidiary, to execute public engineering projects focusing on water and electrical works.
81GF Score

Get the complete analysis for TPE:1472

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

NT$87.30
Price
NT$92.00
GF Value