Taiwan Fertilizer Co (TPE:1722) Cyclically Adjusted PB Ratio: (As of Aug. 04, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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:1722 Taiwan Fertilizer Co Ltd TPE:1722
79 GF Score
Price NT$45.10
GF Value NT$49.38
Valuation Fairly Valued
! 6 Warning Signs
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What is Taiwan Fertilizer Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Fertilizer Co  (TPE:1722) 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.


Taiwan Fertilizer Co Cyclically Adjusted PB Ratio Related Terms


Taiwan Fertilizer Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Taiwan Fertilizer 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.

Taiwan Fertilizer Co Cyclically Adjusted PB Ratio Chart

Taiwan Fertilizer 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 1.19 0.87 1.09 0.81 0.76

Taiwan Fertilizer 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 0.80 0.84 0.78 0.76 0.00

TPE:1722 vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, Taiwan Fertilizer 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.


Taiwan Fertilizer Co Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Taiwan Fertilizer Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:1722
79GF Score
Taiwan Fertilizer Co Ltd TPE:1722
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Fertilizer 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.

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

For example, Taiwan Fertilizer 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)
=55.961/330.2130*330.2130
=55.961

Current CPI (Mar. 2026) = 330.2130.

Taiwan Fertilizer Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 52.129 241.018 71.421
201609 52.018 241.428 71.148
201612 51.212 241.432 70.044
201703 51.205 243.801 69.354
201706 49.609 244.955 66.876
201709 49.967 246.819 66.850
201712 50.094 246.524 67.100
201803 51.324 249.554 67.913
201806 50.241 251.989 65.837
201809 50.852 252.439 66.519
201812 51.819 251.233 68.109
201903 52.412 254.202 68.084
201906 50.911 256.143 65.633
201909 51.366 256.759 66.061
201912 51.760 256.974 66.512
202003 52.918 258.115 67.699
202006 51.197 257.797 65.578
202009 52.084 260.280 66.078
202012 52.356 260.474 66.374
202103 53.417 264.877 66.593
202106 53.948 271.696 65.567
202109 53.109 274.310 63.932
202112 53.702 278.802 63.605
202203 54.789 287.504 62.928
202206 53.020 296.311 59.086
202209 53.878 296.808 59.942
202212 54.144 296.797 60.240
202303 54.576 301.836 59.707
202306 54.871 305.109 59.386
202309 55.820 307.789 59.887
202312 55.791 306.746 60.059
202403 56.688 312.332 59.933
202406 54.759 314.175 57.554
202409 56.118 315.301 58.772
202412 56.826 315.605 59.456
202503 57.039 319.799 58.896
202506 54.398 322.561 55.688
202509 55.260 324.800 56.181
202512 55.382 324.054 56.435
202603 55.961 330.213 55.961

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 Taiwan Fertilizer Co (TPE:1722) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Fertilizer Co stock appears to be undervalued. The current stock price of NT$45.10 is trading 8.7% below its estimated GF Value™ of NT$49.38. GuruFocus considers Taiwan Fertilizer Co to be Fairly Valued.

Key valuation signals for TPE:1722:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$49.38 vs. price of NT$45.10 (8.7% below fair value)
  • GF Score™: 79/100 with 6 warning signs

No single metric tells the full story. See the TPE:1722 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Fertilizer Co Business Description

Address No. 170, Jingmao 1st Road, 115 Floor 17, Nangang District, Taipei, TWN, 115018
Taiwan Fertilizer Co Ltd is involved in the manufacture and sale of fertilizers as well as real estate construction and leasing. The company reports two operating segments: fertilizers and chemical and real estate and investment business. The Fertilizer and Chemical segment generates the vast majority of revenue through the manufacture and sale of inorganic and organic fertilizers and other chemical products. The real estate and investment segment includes the construction and leasing of real estate. The Other segment consists of multiple subsidiaries across the investment, retail, biotechnology services, and grocery industries.
79GF Score

Get the complete analysis for TPE:1722

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

NT$45.10
Price
NT$49.38
GF Value