Kung Long Batteries Industrial Co (TPE:1537) Cyclically Adjusted PB Ratio: 2.18 (As of Aug. 06, 2026) — 23% Below Median

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:1537 Kung Long Batteries Industrial Co Ltd TPE:1537
78 GF Score
Price NT$125.50
GF Value NT$128.64
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Kung Long Batteries Industrial Co Cyclically Adjusted PB Ratio?

Kung Long Batteries Industrial Co TPE:1537 78 Cyclically Adjusted PB Ratio is 2.18 as of Aug. 06, 2026, which is 23% below its 10-year median of 2.84. GuruFocus rates TPE:1537 with a GF Score™ of 78/100 and a GF Value™ of NT$128.64 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,254 Industrial Products companies, Kung Long Batteries Industrial Co ranks worse than 52.09% on this metric.

As of today (2026-08-06), Kung Long Batteries Industrial Co's current share price is NT$125.50. Kung Long Batteries Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$57.52. Kung Long Batteries Industrial Co's Cyclically Adjusted PB Ratio for today is 2.18.

The historical rank and industry rank for Kung Long Batteries Industrial Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:1537' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.13   Med: 2.84   Max: 4.66
Current: 2.18

During the past years, Kung Long Batteries Industrial Co's highest Cyclically Adjusted PB Ratio was 4.66. The lowest was 2.13. And the median was 2.84.

TPE:1537's Cyclically Adjusted PB Ratio is ranked worse than
52.09% of 2254 companies
in the Industrial Products industry
Industry Median: 2.065 vs TPE:1537: 2.18

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.

Kung Long Batteries Industrial Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$56.224. 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$57.52 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kung Long Batteries Industrial Co  (TPE:1537) 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.


Kung Long Batteries Industrial Co Cyclically Adjusted PB Ratio Related Terms


Kung Long Batteries Industrial Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kung Long Batteries 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.

Kung Long Batteries Industrial Co Cyclically Adjusted PB Ratio Chart

Kung Long Batteries 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 3.04 2.74 2.51 2.82 2.21

Kung Long Batteries Industrial Co 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 2.69 2.47 2.27 2.21 2.15

TPE:1537 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Kung Long Batteries 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.


Kung Long Batteries Industrial Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kung Long Batteries Industrial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:1537
78GF Score
Kung Long Batteries Industrial Co Ltd TPE:1537
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kung Long Batteries 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.

Kung Long Batteries Industrial Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=125.50/57.52
=2.18

* 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.

Kung Long Batteries Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Kung Long Batteries Industrial Co'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)
=56.224/330.2130*330.2130
=56.224

Current CPI (Mar. 2026) = 330.2130.

Kung Long Batteries Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 38.158 241.018 52.279
201609 40.146 241.428 54.910
201612 44.080 241.432 60.289
201703 45.027 243.801 60.986
201706 39.365 244.955 53.066
201709 41.859 246.819 56.002
201712 44.343 246.524 59.396
201803 46.326 249.554 61.299
201806 41.901 251.989 54.908
201809 45.399 252.439 59.386
201812 47.889 251.233 62.944
201903 51.200 254.202 66.510
201906 44.571 256.143 57.460
201909 47.651 256.759 61.283
201912 49.639 256.974 63.786
202003 52.323 258.115 66.938
202006 44.162 257.797 56.567
202009 46.536 260.280 59.039
202012 48.619 260.474 61.636
202103 51.574 264.877 64.296
202106 43.462 271.696 52.823
202109 44.340 274.310 53.376
202112 46.144 278.802 54.653
202203 50.080 287.504 57.519
202206 47.412 296.311 52.837
202209 52.562 296.808 58.478
202212 52.943 296.797 58.904
202303 54.313 301.836 59.419
202306 47.029 305.109 50.898
202309 50.382 307.789 54.053
202312 50.502 306.746 54.366
202403 54.441 312.332 57.558
202406 51.234 314.175 53.849
202409 53.776 315.301 56.319
202412 57.542 315.605 60.205
202503 60.435 319.799 62.403
202506 46.928 322.561 48.041
202509 50.328 324.800 51.167
202512 53.524 324.054 54.541
202603 56.224 330.213 56.224

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 2.18 mean?
Kung Long Batteries Industrial Co (TPE:1537) has a Cyclically Adjusted PB Ratio of 2.18 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 Kung Long Batteries Industrial Co and its competitors. This is 23% below median its historical median of 2.84. Over the past decade, Kung Long Batteries Industrial Co's Cyclically Adjusted PB Ratio has ranged from 2.13 to 4.66. According to the industry distribution chart, Kung Long Batteries Industrial Co ranks #1174 out of 2254 companies in the Industrial Products industry, placing it in the top 52.1%.
Is Kung Long Batteries Industrial Co's Cyclically Adjusted PB Ratio too high?
Kung Long Batteries Industrial Co's current Cyclically Adjusted PB Ratio of 2.18 is 23% below median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 4.66. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Kung Long Batteries Industrial Co's value of 2.18 is 5.6% above this industry median. Based on the distribution chart, Kung Long Batteries Industrial Co ranks #1174 out of 2254 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Kung Long Batteries Industrial Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kung Long Batteries Industrial Co's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Kung Long Batteries Industrial Co ranks #1174 out of 2254 companies for Cyclically Adjusted PB Ratio. This places Kung Long Batteries Industrial Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Kung Long Batteries Industrial Co's value of 2.18 is 5.6% above this benchmark. Historically, Kung Long Batteries Industrial Co's own Cyclically Adjusted PB Ratio has ranged from 2.13 to 4.66 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 2.07, Kung Long Batteries Industrial Co 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.07, based on 2,254 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. Kung Long Batteries Industrial Co's current Cyclically Adjusted PB Ratio of 2.18 is 5.6% 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 Kung Long Batteries Industrial Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kung Long Batteries Industrial Co's current Cyclically Adjusted PB Ratio is 2.18, which is 23% below median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kung Long Batteries Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Kung Long Batteries Industrial Co (TPE:1537) is currently considered Fairly Valued. The stock's GF Value™ is NT$128.64, compared to a current price of NT$125.50 — trading 2.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.18, which is 23% below median its 10-year median of 2.84 and 5.6% above the Industrial Products industry median of 2.07. Kung Long Batteries Industrial Co's overall GF Score™ is 78/100 with 5 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 Kung Long Batteries Industrial Co (TPE:1537), the current Cyclically Adjusted PB Ratio is 2.18 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 Kung Long Batteries Industrial Co (TPE:1537) Overvalued in 2026?

Based on GuruFocus' analysis, Kung Long Batteries Industrial Co stock appears to be undervalued. The current stock price of NT$125.50 is trading 2.4% below its estimated GF Value™ of NT$128.64. GuruFocus considers Kung Long Batteries Industrial Co to be Fairly Valued.

Key valuation signals for TPE:1537:

  • Cyclically Adjusted PB Ratio: 2.18 (23% below median its 10-year median of 2.84)
  • GF Value™: NT$128.64 vs. price of NT$125.50 (2.4% below fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 5.6% above the Industrial Products median (#1174 of 2254)

No single metric tells the full story. See the TPE:1537 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kung Long Batteries Industrial Co Business Description

Address No. 6, Tzu-Li 3rd Road, Nantou City, TWN, 540029
Kung Long Batteries Industrial Co Ltd is a Taiwan-based company. The company is predominantly engaged in the manufacture and sale of lead-acid batteries. The company has production facilities in Taiwan and Vietnam. The products are offered for a wide range of applications: multipurpose, cycling high-power, electric car, deep-cycle, renewable energy, and solar energy. Its reportable segments are Vietnam, which generates maximum revenue, and Taiwan.
78GF Score

Get the complete analysis for TPE:1537

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

NT$125.50
Price
NT$128.64
GF Value