Chung Hwa Chemical Industrial Works (TPE:1727) Cyclically Adjusted PB Ratio: 4.33 (As of Aug. 09, 2026) — 135% Above Median

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TPE:1727 Chung Hwa Chemical Industrial Works Ltd TPE:1727
47 GF Score
Price NT$72.20
GF Value NT$31.98
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Chung Hwa Chemical Industrial Works Cyclically Adjusted PB Ratio?

Chung Hwa Chemical Industrial Works TPE:1727 -3.73% 47 Cyclically Adjusted PB Ratio is 4.33 as of Aug. 09, 2026, which is 135% above its 10-year median of 1.84. GuruFocus rates TPE:1727 with a GF Score™ of 47/100 and a GF Value™ of NT$31.98 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,227 Chemicals companies, Chung Hwa Chemical Industrial Works ranks worse than 81.5% on this metric.

As of today (2026-08-09), Chung Hwa Chemical Industrial Works's current share price is NT$72.20. Chung Hwa Chemical Industrial Works's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$16.67. Chung Hwa Chemical Industrial Works's Cyclically Adjusted PB Ratio for today is 4.33.

The historical rank and industry rank for Chung Hwa Chemical Industrial Works's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:1727' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.61   Med: 1.84   Max: 6.12
Current: 4.33

During the past years, Chung Hwa Chemical Industrial Works's highest Cyclically Adjusted PB Ratio was 6.12. The lowest was 0.61. And the median was 1.84.

TPE:1727's Cyclically Adjusted PB Ratio is ranked worse than
81.5% of 1227 companies
in the Chemicals industry
Industry Median: 1.67 vs TPE:1727: 4.33

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.

Chung Hwa Chemical Industrial Works's adjusted book value per share data for the three months ended in Mar. 2026 was NT$16.487. 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$16.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chung Hwa Chemical Industrial Works  (TPE:1727) 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.


Chung Hwa Chemical Industrial Works Cyclically Adjusted PB Ratio Related Terms


Chung Hwa Chemical Industrial Works Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chung Hwa Chemical Industrial Works'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.

Chung Hwa Chemical Industrial Works Cyclically Adjusted PB Ratio Chart

Chung Hwa Chemical Industrial Works 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 3.60 1.63 1.85 1.82 2.64

Chung Hwa Chemical Industrial Works 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 1.57 1.33 2.16 2.64 2.91

TPE:1727 vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Chung Hwa Chemical Industrial Works'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.


Chung Hwa Chemical Industrial Works Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Chung Hwa Chemical Industrial Works's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Chung Hwa Chemical Industrial Works's Cyclically Adjusted PB Ratio falls into.


TPE:1727
47GF Score
Chung Hwa Chemical Industrial Works Ltd TPE:1727
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chung Hwa Chemical Industrial Works 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.

Chung Hwa Chemical Industrial Works's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=72.20/16.67
=4.33

* 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.

Chung Hwa Chemical Industrial Works's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Chung Hwa Chemical Industrial Works'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)
=16.487/330.2130*330.2130
=16.487

Current CPI (Mar. 2026) = 330.2130.

Chung Hwa Chemical Industrial Works Quarterly Data

Book Value per Share CPI Adj_Book
201606 12.651 241.018 17.333
201609 12.839 241.428 17.561
201612 13.123 241.432 17.949
201703 13.169 243.801 17.837
201706 12.750 244.955 17.188
201709 13.032 246.819 17.435
201712 13.331 246.524 17.857
201803 13.617 249.554 18.018
201806 13.253 251.989 17.367
201809 13.404 252.439 17.534
201812 13.577 251.233 17.845
201903 13.574 254.202 17.633
201906 13.052 256.143 16.826
201909 13.142 256.759 16.902
201912 13.199 256.974 16.961
202003 12.069 258.115 15.440
202006 11.681 257.797 14.962
202009 11.570 260.280 14.679
202012 11.742 260.474 14.886
202103 12.090 264.877 15.072
202106 12.431 271.696 15.108
202109 13.016 274.310 15.669
202112 13.617 278.802 16.128
202203 13.997 287.504 16.076
202206 13.779 296.311 15.356
202209 13.697 296.808 15.239
202212 14.477 296.797 16.107
202303 14.090 301.836 15.415
202306 16.573 305.109 17.937
202309 15.616 307.789 16.754
202312 15.541 306.746 16.730
202403 16.587 312.332 17.537
202406 16.819 314.175 17.678
202409 16.416 315.301 17.192
202412 16.651 315.605 17.422
202503 15.976 319.799 16.496
202506 16.041 322.561 16.422
202509 16.675 324.800 16.953
202512 16.357 324.054 16.668
202603 16.487 330.213 16.487

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 4.33 mean?
Chung Hwa Chemical Industrial Works (TPE:1727) has a Cyclically Adjusted PB Ratio of 4.33 as of Aug. 09, 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 Chung Hwa Chemical Industrial Works and its competitors. This is 135% above median its historical median of 1.84. Over the past decade, Chung Hwa Chemical Industrial Works' Cyclically Adjusted PB Ratio has ranged from 0.61 to 6.12. According to the industry distribution chart, Chung Hwa Chemical Industrial Works ranks #1000 out of 1227 companies in the Chemicals industry, placing it in the top 81.5%.
Is Chung Hwa Chemical Industrial Works' Cyclically Adjusted PB Ratio too high?
Chung Hwa Chemical Industrial Works' current Cyclically Adjusted PB Ratio of 4.33 is 135% above median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 6.12. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.67. Chung Hwa Chemical Industrial Works' value of 4.33 is 159.3% above this industry median. Based on the distribution chart, Chung Hwa Chemical Industrial Works ranks #1000 out of 1227 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Chung Hwa Chemical Industrial Works has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chung Hwa Chemical Industrial Works' Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, Chung Hwa Chemical Industrial Works ranks #1000 out of 1227 companies for Cyclically Adjusted PB Ratio. This places Chung Hwa Chemical Industrial Works in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.67. Chung Hwa Chemical Industrial Works' value of 4.33 is 159.3% above this benchmark. Historically, Chung Hwa Chemical Industrial Works' own Cyclically Adjusted PB Ratio has ranged from 0.61 to 6.12 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 1.67, Chung Hwa Chemical Industrial Works 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 a Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.67, based on 1,227 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. Chung Hwa Chemical Industrial Works's current Cyclically Adjusted PB Ratio of 4.33 is 159.3% 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 Chung Hwa Chemical Industrial Works and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chung Hwa Chemical Industrial Works's current Cyclically Adjusted PB Ratio is 4.33, which is 135% above median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chung Hwa Chemical Industrial Works stock overvalued right now?
Based on GuruFocus' analysis, Chung Hwa Chemical Industrial Works (TPE:1727) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$31.98, compared to a current price of NT$72.20 — trading 125.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.33, which is 135% above median its 10-year median of 1.84 and 159.3% above the Chemicals industry median of 1.67. Chung Hwa Chemical Industrial Works' overall GF Score™ is 47/100 with 8 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 Chung Hwa Chemical Industrial Works (TPE:1727), the current Cyclically Adjusted PB Ratio is 4.33 as of Aug. 09, 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 Chung Hwa Chemical Industrial Works (TPE:1727) Overvalued in 2026?

Based on GuruFocus' analysis, Chung Hwa Chemical Industrial Works stock appears to be overvalued. The current stock price of NT$72.20 is trading 125.8% above its estimated GF Value™ of NT$31.98. GuruFocus considers Chung Hwa Chemical Industrial Works to be Significantly Overvalued.

Key valuation signals for TPE:1727:

  • Cyclically Adjusted PB Ratio: 4.33 (135% above median its 10-year median of 1.84)
  • GF Value™: NT$31.98 vs. price of NT$72.20 (125.8% above fair value)
  • GF Score™: 47/100 with 8 warning signs
  • Industry Position: 159.3% above the Chemicals median (#1000 of 1227)

No single metric tells the full story. See the TPE:1727 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chung Hwa Chemical Industrial Works Business Description

Address No. 15, Gongye 5th Road, Shulin Village, Guanyin District, Taoyuan, TWN, 328
Chung Hwa Chemical Industrial Works Ltd operates as a chemical manufacturer. The company is engaged in the manufacturing and retail of sulfuric acid and other chemical industrial raw materials, and trading of finished products, and design of related chemical engineering, industrial investment, chemical raw materials, import and export trade, and agency distribution. The company single segment of Chemicals are further bifurcated as Basic chemicals, Specialty chemicals, and Electronic chemicals, out of which maximum revenue is generated from Basic chemicals.
47GF Score

Get the complete analysis for TPE:1727

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

NT$72.20
Price
NT$31.98
GF Value