Chih Lien Industrial Co (TPE:2024) Cyclically Adjusted PB Ratio: (As of Aug. 17, 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:2024 Chih Lien Industrial Co Ltd TPE:2024
64 GF Score
Price NT$13.50
GF Value NT$16.70
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Chih Lien Industrial Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Chih Lien Industrial Co  (TPE:2024) 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.


Chih Lien Industrial Co Cyclically Adjusted PB Ratio Related Terms


Chih Lien Industrial Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chih Lien 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.

Chih Lien Industrial Co Cyclically Adjusted PB Ratio Chart

Chih Lien 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 1.58 1.37 1.52 1.37 1.25

Chih Lien 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 1.23 1.18 1.25 1.04 0.00

TPE:2024 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Chih Lien 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.


Chih Lien Industrial Co Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Chih Lien Industrial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:2024
64GF Score
Chih Lien Industrial Co Ltd TPE:2024
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chih Lien 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.

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

For example, Chih Lien 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)
=11.993/333.9520*333.9520
=11.993

Current CPI (Jun. 2026) = 333.9520.

Chih Lien Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.349 241.428 15.698
201612 11.703 241.432 16.188
201703 11.955 243.801 16.376
201706 11.573 244.955 15.778
201709 11.876 246.819 16.069
201712 12.196 246.524 16.521
201803 12.419 249.554 16.619
201806 11.898 251.989 15.768
201809 12.100 252.439 16.007
201812 12.131 251.233 16.125
201903 12.236 254.202 16.075
201906 11.715 256.143 15.274
201909 11.730 256.759 15.257
201912 11.722 256.974 15.233
202003 11.702 258.115 15.140
202006 11.375 257.797 14.735
202009 11.432 260.280 14.668
202012 11.657 260.474 14.945
202103 11.938 264.877 15.051
202106 12.376 271.696 15.212
202109 12.587 274.310 15.324
202112 12.831 278.802 15.369
202203 13.115 287.504 15.234
202206 12.073 296.311 13.607
202209 12.182 296.808 13.707
202212 12.201 296.797 13.728
202303 12.060 301.836 13.343
202306 11.551 305.109 12.643
202309 11.452 307.789 12.425
202312 11.290 306.746 12.291
202403 11.299 312.332 12.081
202406 11.347 314.175 12.061
202409 11.337 315.301 12.008
202412 11.496 315.605 12.164
202503 11.526 319.799 12.036
202506 11.417 322.561 11.820
202509 11.357 324.800 11.677
202512 11.433 324.054 11.782
202603 11.593 330.213 11.724
202606 11.993 333.952 11.993

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 Chih Lien Industrial Co (TPE:2024) Overvalued in 2026?

Based on GuruFocus' analysis, Chih Lien Industrial Co stock appears to be undervalued. The current stock price of NT$13.50 is trading 19.2% below its estimated GF Value™ of NT$16.70. GuruFocus considers Chih Lien Industrial Co to be Modestly Undervalued.

Key valuation signals for TPE:2024:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$16.70 vs. price of NT$13.50 (19.2% below fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the TPE:2024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chih Lien Industrial Co Business Description

Address Zhongxing Road, No.480, Xinwu District, Tao-Yuan, TWN, 32749
Chih Lien Industrial Co Ltd operates in the steel industry. Company is mainly engaged in the manufacturing, processing and trading of steel wire and steel bars. The Company operates in a single industry and is mainly engaged in the manufacturing and processing of steel wire and steel bars with similar end-use products. The company has presence in Taiwan, China, Indonesia, Malaysia, and Other. The company generates majority of revenue from Taiwan.
64GF Score

Get the complete analysis for TPE:2024

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

NT$13.50
Price
NT$16.70
GF Value