Hold-Key Electric Wire & Cable Co (TPE:1618) Cyclically Adjusted PB Ratio: (As of Aug. 08, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:1618 Hold-Key Electric Wire & Cable Co Ltd TPE:1618
93 GF Score
Price NT$38.45
GF Value NT$45.42
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Hold-Key Electric Wire & Cable Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hold-Key Electric Wire & Cable Co  (TPE:1618) 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.


Hold-Key Electric Wire & Cable Co Cyclically Adjusted PB Ratio Related Terms


Hold-Key Electric Wire & Cable Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hold-Key Electric Wire & Cable 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.

Hold-Key Electric Wire & Cable Co Cyclically Adjusted PB Ratio Chart

Hold-Key Electric Wire & Cable 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 0.58 0.56 1.26 1.76 1.51

Hold-Key Electric Wire & Cable 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 1.56 1.72 1.66 1.51 1.33

TPE:1618 vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, Hold-Key Electric Wire & Cable 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.


Hold-Key Electric Wire & Cable Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Hold-Key Electric Wire & Cable Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hold-Key Electric Wire & Cable Co's Cyclically Adjusted PB Ratio falls into.


TPE:1618
93GF Score
Hold-Key Electric Wire & Cable Co Ltd TPE:1618
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hold-Key Electric Wire & Cable 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.

Hold-Key Electric Wire & Cable Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Hold-Key Electric Wire & Cable 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)
=33.23/330.2130*330.2130
=33.230

Current CPI (Mar. 2026) = 330.2130.

Hold-Key Electric Wire & Cable Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.556 241.018 28.163
201609 20.805 241.428 28.456
201612 20.622 241.432 28.205
201703 20.631 243.801 27.943
201706 20.642 244.955 27.827
201709 20.853 246.819 27.899
201712 21.206 246.524 28.405
201803 21.166 249.554 28.007
201806 21.090 251.989 27.637
201809 20.886 252.439 27.321
201812 20.329 251.233 26.720
201903 20.561 254.202 26.709
201906 20.133 256.143 25.955
201909 20.804 256.759 26.756
201912 21.325 256.974 27.403
202003 20.497 258.115 26.222
202006 20.912 257.797 26.786
202009 21.848 260.280 27.718
202012 23.953 260.474 30.366
202103 24.884 264.877 31.022
202106 25.085 271.696 30.488
202109 27.267 274.310 32.824
202112 22.009 278.802 26.067
202203 22.390 287.504 25.716
202206 21.971 296.311 24.485
202209 21.785 296.808 24.237
202212 22.318 296.797 24.831
202303 23.037 301.836 25.203
202306 23.480 305.109 25.412
202309 24.691 307.789 26.490
202312 26.206 306.746 28.211
202403 28.158 312.332 29.770
202406 31.010 314.175 32.593
202409 31.941 315.301 33.452
202412 31.435 315.605 32.890
202503 30.187 319.799 31.170
202506 31.186 322.561 31.926
202509 32.473 324.800 33.014
202512 34.222 324.054 34.872
202603 33.230 330.213 33.230

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 Hold-Key Electric Wire & Cable Co (TPE:1618) Overvalued in 2026?

Based on GuruFocus' analysis, Hold-Key Electric Wire & Cable Co stock appears to be undervalued. The current stock price of NT$38.45 is trading 15.3% below its estimated GF Value™ of NT$45.42. GuruFocus considers Hold-Key Electric Wire & Cable Co to be Modestly Undervalued.

Key valuation signals for TPE:1618:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$45.42 vs. price of NT$38.45 (15.3% below fair value)
  • GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the TPE:1618 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hold-Key Electric Wire & Cable Co Business Description

Address Fusing South Road, 3rd Floor, No. 36-9, Section 1, Jhongshan District, Taipei City, TWN, 104
Hold-Key Electric Wire & Cable Co Ltd Company mainly manufactures and sells XLPE power cables, electric cables, aluminum cables, rubber cables, communication cables, fiber optic cables, LAN cables, cable accessories, etc. and is also engaged in the import and export of the aforementioned products and lease of properties.
93GF Score

Get the complete analysis for TPE:1618

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

NT$38.45
Price
NT$45.42
GF Value