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Cheng Loong (TPE:1904) Cyclically Adjusted PB Ratio : 0.70 (As of May. 25, 2025)


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What is Cheng Loong Cyclically Adjusted PB Ratio?

As of today (2025-05-25), Cheng Loong's current share price is NT$18.05. Cheng Loong's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$25.85. Cheng Loong's Cyclically Adjusted PB Ratio for today is 0.70.

The historical rank and industry rank for Cheng Loong's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:1904' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.68   Med: 1.18   Max: 2.33
Current: 0.71

During the past years, Cheng Loong's highest Cyclically Adjusted PB Ratio was 2.33. The lowest was 0.68. And the median was 1.18.

TPE:1904's Cyclically Adjusted PB Ratio is ranked better than
52.09% of 215 companies
in the Forest Products industry
Industry Median: 0.74 vs TPE:1904: 0.71

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.

Cheng Loong's adjusted book value per share data for the three months ended in Mar. 2025 was NT$26.314. 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$25.85 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cheng Loong Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cheng Loong'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.

* Premium members only.

Cheng Loong Cyclically Adjusted PB Ratio Chart

Cheng Loong Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 1.64 1.18 1.22 0.75

Cheng Loong Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.16 1.13 0.97 0.75 0.73

Competitive Comparison of Cheng Loong's Cyclically Adjusted PB Ratio

For the Paper & Paper Products subindustry, Cheng Loong'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.


Cheng Loong's Cyclically Adjusted PB Ratio Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Cheng Loong's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cheng Loong's Cyclically Adjusted PB Ratio falls into.


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Cheng Loong 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.

Cheng Loong's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=18.05/25.85
=0.70

* 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.

Cheng Loong's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Cheng Loong's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=26.314/134.9266*134.9266
=26.314

Current CPI (Mar. 2025) = 134.9266.

Cheng Loong Quarterly Data

Book Value per Share CPI Adj_Book
201506 17.470 100.684 23.412
201509 18.130 100.392 24.367
201512 17.792 99.792 24.056
201603 17.905 100.470 24.045
201606 17.562 101.688 23.302
201609 17.655 101.861 23.386
201612 17.679 101.863 23.417
201703 17.777 102.862 23.318
201706 17.493 103.349 22.838
201709 17.693 104.136 22.924
201712 17.987 104.011 23.333
201803 19.769 105.290 25.334
201806 19.679 106.317 24.975
201809 20.138 106.507 25.512
201812 20.271 105.998 25.803
201903 20.745 107.251 26.098
201906 20.016 108.070 24.990
201909 20.557 108.329 25.604
201912 21.407 108.420 26.641
202003 21.986 108.902 27.240
202006 21.152 108.767 26.239
202009 21.971 109.815 26.995
202012 22.922 109.897 28.143
202103 24.095 111.754 29.091
202106 25.117 114.631 29.564
202109 24.037 115.734 28.023
202112 24.592 117.630 28.208
202203 23.551 121.301 26.196
202206 24.481 125.017 26.422
202209 24.986 125.227 26.921
202212 25.575 125.222 27.557
202303 24.975 127.348 26.461
202306 25.146 128.729 26.357
202309 25.518 129.860 26.514
202312 26.035 129.419 27.143
202403 25.983 131.776 26.604
202406 26.281 132.554 26.751
202409 26.406 133.029 26.783
202412 26.646 133.157 27.000
202503 26.314 134.927 26.314

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.


Cheng Loong  (TPE:1904) 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.


Cheng Loong Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Cheng Loong's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Cheng Loong Business Description

Traded in Other Exchanges
N/A
Address
No. 1, Section 1, Min Sheng Road, Banqiao District, New Taipei, TWN
Cheng Loong Corp manufactures and sells a variety of paper products. The company is engaged in the manufacturing and sale of paper products, materials for paper products, corrugated cartons, and related products. It is also engaged in building commercial and residential premises for rent and sale in partnership with construction companies. The company generates a majority of its revenue from its paper products business. Its geographical segments are Taiwan which generates key revenue, China, and other parts of Southeast Asia.

Cheng Loong Headlines

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