Shiny Chemical Industrial Co (TPE:1773) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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:1773 Shiny Chemical Industrial Co Ltd TPE:1773
95 GF Score
Price NT$163.50
GF Value NT$154.54
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Shiny Chemical Industrial Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shiny Chemical Industrial Co  (TPE:1773) 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.


Shiny Chemical Industrial Co Cyclically Adjusted PB Ratio Related Terms


Shiny Chemical Industrial Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shiny Chemical 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.

Shiny Chemical Industrial Co Cyclically Adjusted PB Ratio Chart

Shiny Chemical 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 6.86 4.92 5.24 5.60 5.28

Shiny Chemical Industrial Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.09 5.52 5.54 5.25 6.37

TPE:1773 vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, Shiny Chemical 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.


Shiny Chemical Industrial Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

* The bar in red indicates where Shiny Chemical Industrial Co's Cyclically Adjusted PB Ratio falls into.


TPE:1773
95GF Score
Shiny Chemical Industrial Co Ltd TPE:1773
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shiny Chemical 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.

Shiny Chemical Industrial Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Shiny Chemical Industrial Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=38.627/333.9520*333.9520
=38.627

Current CPI (Jun. 2026) = 333.9520.

Shiny Chemical Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.609 241.428 18.824
201612 14.172 241.432 19.603
201703 14.677 243.801 20.104
201706 13.441 244.955 18.324
201709 14.247 246.819 19.277
201712 15.009 246.524 20.332
201803 15.856 249.554 21.218
201806 14.408 251.989 19.094
201809 15.230 252.439 20.148
201812 16.028 251.233 21.305
201903 16.713 254.202 21.956
201906 14.856 256.143 19.369
201909 15.577 256.759 20.260
201912 16.408 256.974 21.323
202003 17.187 258.115 22.237
202006 16.971 257.797 21.984
202009 18.014 260.280 23.113
202012 19.217 260.474 24.638
202103 20.444 264.877 25.775
202106 19.844 271.696 24.391
202109 21.203 274.310 25.813
202112 22.612 278.802 27.085
202203 24.356 287.504 28.291
202206 24.013 296.311 27.063
202209 25.575 296.808 28.776
202212 26.793 296.797 30.147
202303 27.961 301.836 30.936
202306 26.298 305.109 28.784
202309 27.701 307.789 30.056
202312 29.015 306.746 31.588
202403 30.405 312.332 32.510
202406 29.394 314.175 31.244
202409 31.070 315.301 32.908
202412 32.577 315.605 34.471
202503 34.195 319.799 35.708
202506 33.326 322.561 34.503
202509 35.267 324.800 36.261
202512 37.960 324.054 39.119
202603 40.042 330.213 40.495
202606 38.627 333.952 38.627

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 Shiny Chemical Industrial Co (TPE:1773) Overvalued in 2026?

Based on GuruFocus' analysis, Shiny Chemical Industrial Co stock appears to be overvalued. The current stock price of NT$163.50 is trading 5.8% above its estimated GF Value™ of NT$154.54. GuruFocus considers Shiny Chemical Industrial Co to be Fairly Valued.

Key valuation signals for TPE:1773:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$154.54 vs. price of NT$163.50 (5.8% above fair value)
  • GF Score™: 95/100 with 1 warning sign

No single metric tells the full story. See the TPE:1773 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shiny Chemical Industrial Co Business Description

Address No. 5, Yonggong 1st Road, Yongan District, Kaohsiung, TWN, 82841
Shiny Chemical Industrial Co Ltd is a Taiwan-based company predominantly engaged in the manufacturing and distribution of chemical solvent series products including N-Butyl Acetate, and N-Propyl Acetate, Propylene Glycol Monomethyl Ether Propionate and Methanol, and among others. Geographically, the company generates a majority of its revenue from Taiwan and the rest from South Korea, Vietnam, Thailand, China, and other markets.
95GF Score

Get the complete analysis for TPE:1773

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

NT$163.50
Price
NT$154.54
GF Value