Taiwannyo Electric Co (TPE:1614) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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:1614 Taiwan Sanyo Electric Co Ltd TPE:1614
73 GF Score
Price NT$30.95
GF Value NT$34.31
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Taiwannyo Electric Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwannyo Electric Co  (TPE:1614) 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.


Taiwannyo Electric Co Cyclically Adjusted PB Ratio Related Terms


Taiwannyo Electric Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Taiwannyo Electric 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.

Taiwannyo Electric Co Cyclically Adjusted PB Ratio Chart

Taiwannyo Electric 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 1.62 1.53 1.64 1.61 1.43

Taiwannyo Electric 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 1.64 1.61 1.54 1.43 1.30

TPE:1614 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Taiwannyo Electric 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.


Taiwannyo Electric Co Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Taiwannyo Electric Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:1614
73GF Score
Taiwan Sanyo Electric Co Ltd TPE:1614
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwannyo Electric 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.

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

For example, Taiwannyo Electric 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)
=21.402/330.2130*330.2130
=21.402

Current CPI (Mar. 2026) = 330.2130.

Taiwannyo Electric Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.785 241.018 25.737
201609 19.141 241.428 26.180
201612 19.967 241.432 27.309
201703 20.101 243.801 27.226
201706 19.257 244.955 25.960
201709 19.544 246.819 26.147
201712 19.744 246.524 26.447
201803 20.081 249.554 26.571
201806 19.608 251.989 25.695
201809 19.876 252.439 26.000
201812 19.912 251.233 26.172
201903 20.108 254.202 26.121
201906 19.396 256.143 25.005
201909 19.730 256.759 25.374
201912 20.048 256.974 25.762
202003 19.144 258.115 24.491
202006 19.702 257.797 25.236
202009 20.327 260.280 25.789
202012 20.512 260.474 26.004
202103 19.751 264.877 24.623
202106 20.192 271.696 24.541
202109 20.683 274.310 24.898
202112 21.148 278.802 25.048
202203 20.623 287.504 23.687
202206 20.897 296.311 23.288
202209 20.979 296.808 23.340
202212 21.292 296.797 23.689
202303 20.499 301.836 22.426
202306 20.887 305.109 22.606
202309 21.195 307.789 22.739
202312 21.495 306.746 23.139
202403 20.534 312.332 21.710
202406 20.905 314.175 21.972
202409 21.211 315.301 22.214
202412 21.513 315.605 22.509
202503 21.103 319.799 21.790
202506 21.320 322.561 21.826
202509 21.640 324.800 22.001
202512 22.013 324.054 22.431
202603 21.402 330.213 21.402

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 Taiwannyo Electric Co (TPE:1614) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwannyo Electric Co stock appears to be undervalued. The current stock price of NT$30.95 is trading 9.8% below its estimated GF Value™ of NT$34.31. GuruFocus considers Taiwannyo Electric Co to be Modestly Undervalued.

Key valuation signals for TPE:1614:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$34.31 vs. price of NT$30.95 (9.8% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the TPE:1614 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwannyo Electric Co Business Description

Address No. 266, Songjiang Road, 10th floor, Taipei, TWN
Taiwan Sanyo Electric Co Ltd manufactures and markets home appliances. The company provides air conditioners, refrigerators, washing machines, electrical fans, electrical shavers, electrical cookers, and video and audio disk players among others.
73GF Score

Get the complete analysis for TPE:1614

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

NT$30.95
Price
NT$34.31
GF Value