Longchen Paper & Packaging Co (TPE:1909) Cyclically Adjusted PB Ratio: 0.45 (As of Jul. 30, 2026) — 38% Below Median

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TPE:1909 Longchen Paper & Packaging Co Ltd TPE:1909
59 GF Score
Price NT$10.05
GF Value NT$11.87
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Longchen Paper & Packaging Co Cyclically Adjusted PB Ratio?

Longchen Paper & Packaging Co TPE:1909 +1.72% 59 Cyclically Adjusted PB Ratio is 0.45 as of Jul. 30, 2026, which is 38% below its 10-year median of 0.73. GuruFocus rates TPE:1909 with a GF Score™ of 59/100 and a GF Value™ of NT$11.87 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 240 Forest Products companies, Longchen Paper & Packaging Co ranks better than 68.33% on this metric.

As of today (2026-07-30), Longchen Paper & Packaging Co's current share price is NT$10.05. Longchen Paper & Packaging Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$22.44. Longchen Paper & Packaging Co's Cyclically Adjusted PB Ratio for today is 0.45.

The historical rank and industry rank for Longchen Paper & Packaging Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:1909' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.73   Max: 1.54
Current: 0.44

During the past years, Longchen Paper & Packaging Co's highest Cyclically Adjusted PB Ratio was 1.54. The lowest was 0.37. And the median was 0.73.

TPE:1909's Cyclically Adjusted PB Ratio is ranked better than
68.33% of 240 companies
in the Forest Products industry
Industry Median: 0.74 vs TPE:1909: 0.44

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.

Longchen Paper & Packaging Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$15.922. 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$22.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Longchen Paper & Packaging Co  (TPE:1909) 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.


Longchen Paper & Packaging Co Cyclically Adjusted PB Ratio Related Terms


Longchen Paper & Packaging Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Longchen Paper & Packaging 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.

Longchen Paper & Packaging Co Cyclically Adjusted PB Ratio Chart

Longchen Paper & Packaging 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 1.18 0.74 0.66 0.52 0.44

Longchen Paper & Packaging 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 0.45 0.40 0.45 0.44 0.48

Longchen Paper & Packaging Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Paper & Paper Products subindustry, Longchen Paper & Packaging 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.


Longchen Paper & Packaging Co Cyclically Adjusted PB Ratio vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Longchen Paper & Packaging Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Longchen Paper & Packaging Co's Cyclically Adjusted PB Ratio falls into.


TPE:1909
59GF Score
Longchen Paper & Packaging Co Ltd TPE:1909
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Longchen Paper & Packaging 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.

Longchen Paper & Packaging Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.05/22.44
=0.45

* 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.

Longchen Paper & Packaging Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Longchen Paper & Packaging 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)
=15.922/330.2130*330.2130
=15.922

Current CPI (Mar. 2026) = 330.2130.

Longchen Paper & Packaging Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 17.433 241.018 23.885
201609 17.044 241.428 23.312
201612 18.199 241.432 24.891
201703 21.793 243.801 29.517
201706 20.722 244.955 27.934
201709 23.726 246.819 31.742
201712 24.037 246.524 32.197
201803 23.444 249.554 31.021
201806 20.956 251.989 27.461
201809 19.579 252.439 25.611
201812 18.254 251.233 23.993
201903 19.168 254.202 24.900
201906 18.000 256.143 23.205
201909 17.279 256.759 22.222
201912 17.707 256.974 22.754
202003 17.071 258.115 21.839
202006 17.068 257.797 21.862
202009 17.984 260.280 22.816
202012 19.777 260.474 25.072
202103 20.450 264.877 25.494
202106 21.202 271.696 25.768
202109 21.398 274.310 25.759
202112 21.284 278.802 25.209
202203 21.187 287.504 24.334
202206 19.266 296.311 21.470
202209 18.587 296.808 20.679
202212 18.141 296.797 20.183
202303 17.767 301.836 19.437
202306 16.999 305.109 18.398
202309 16.770 307.789 17.992
202312 16.657 306.746 17.931
202403 16.812 312.332 17.774
202406 16.831 314.175 17.690
202409 16.918 315.301 17.718
202412 16.144 315.605 16.891
202503 15.987 319.799 16.508
202506 14.606 322.561 14.952
202509 15.013 324.800 15.263
202512 15.542 324.054 15.837
202603 15.922 330.213 15.922

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 0.45 mean?
Longchen Paper & Packaging Co (TPE:1909) has a Cyclically Adjusted PB Ratio of 0.45 as of Jul. 30, 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 Longchen Paper & Packaging Co and its competitors. This is 38% below median its historical median of 0.73. Over the past decade, Longchen Paper & Packaging Co's Cyclically Adjusted PB Ratio has ranged from 0.37 to 1.54. According to the industry distribution chart, Longchen Paper & Packaging Co ranks #76 out of 240 companies in the Forest Products industry, placing it in the top 31.7%.
Is Longchen Paper & Packaging Co's Cyclically Adjusted PB Ratio too high?
Longchen Paper & Packaging Co's current Cyclically Adjusted PB Ratio of 0.45 is 38% below median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.54. The Forest Products industry median Cyclically Adjusted PB Ratio is 0.74. Longchen Paper & Packaging Co's value of 0.45 is 39.2% below this industry median. Based on the distribution chart, Longchen Paper & Packaging Co ranks #76 out of 240 companies in the Forest Products industry, which is above the industry midpoint. Overall, Longchen Paper & Packaging Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Longchen Paper & Packaging Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Forest Products industry distribution chart, Longchen Paper & Packaging Co ranks #76 out of 240 companies for Cyclically Adjusted PB Ratio. This puts Longchen Paper & Packaging Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.74. Longchen Paper & Packaging Co's value of 0.45 is 39.2% below this benchmark. Historically, Longchen Paper & Packaging Co's own Cyclically Adjusted PB Ratio has ranged from 0.37 to 1.54 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.74, Longchen Paper & Packaging Co has consistently been below 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 Forest Products company?
The median Cyclically Adjusted PB Ratio among Forest Products companies is 0.74, based on 240 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. Longchen Paper & Packaging Co's current Cyclically Adjusted PB Ratio of 0.45 is 39.2% below 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 Longchen Paper & Packaging Co and its competitors. For the Forest Products industry, the median Cyclically Adjusted PB Ratio is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Longchen Paper & Packaging Co's current Cyclically Adjusted PB Ratio is 0.45, which is 38% below median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Longchen Paper & Packaging Co stock overvalued right now?
Based on GuruFocus' analysis, Longchen Paper & Packaging Co (TPE:1909) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$11.87, compared to a current price of NT$10.05 — trading 15.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is 38% below median its 10-year median of 0.73 and 39.2% below the Forest Products industry median of 0.74. Longchen Paper & Packaging Co's overall GF Score™ is 59/100 with 4 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 Longchen Paper & Packaging Co (TPE:1909), the current Cyclically Adjusted PB Ratio is 0.45 as of Jul. 30, 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 Longchen Paper & Packaging Co (TPE:1909) Overvalued in 2026?

Based on GuruFocus' analysis, Longchen Paper & Packaging Co stock appears to be undervalued. The current stock price of NT$10.05 is trading 15.3% below its estimated GF Value™ of NT$11.87. GuruFocus considers Longchen Paper & Packaging Co to be Modestly Undervalued.

Key valuation signals for TPE:1909:

  • Cyclically Adjusted PB Ratio: 0.45 (38% below median its 10-year median of 0.73)
  • GF Value™: NT$11.87 vs. price of NT$10.05 (15.3% below fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 39.2% below the Forest Products median (#76 of 240)

No single metric tells the full story. See the TPE:1909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Longchen Paper & Packaging Co Business Description

Address No. 1-1, Guangxing Lane, Guangxing Village, Erlin Township, Zhanghua, TWN
Longchen Paper & Packaging Co Ltd is engaged in manufacturing, processing, and trading paper raw materials; manufacturing, printing, processing and trading of corrugated containers; and recycling/renewal of energy and resources, including turnkey design, trial-run and operation of cogeneration and incinerator systems. Its segments include Containerboard: manufacturing and sales of Containerboard; Corrugated container: manufacturing and sale of paper machines; Wastepaper: procurement and sale of wastepaper; and Others: public wastewater treatment and general administration in the Group. It derives majority of the revenue from Containerboard segment.
59GF Score

Get the complete analysis for TPE:1909

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

NT$10.05
Price
NT$11.87
GF Value