Chien Shing Stainless Steel Co (TPE:2025) Cyclically Adjusted PB Ratio: 1.29 (As of Aug. 09, 2026) — Near Median

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TPE:2025 Chien Shing Stainless Steel Co Ltd TPE:2025
62 GF Score
Price NT$12.15
GF Value NT$15.05
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Chien Shing Stainless Steel Co Cyclically Adjusted PB Ratio?

Chien Shing Stainless Steel Co TPE:2025 +0.83% 62 Cyclically Adjusted PB Ratio is 1.29 as of Aug. 09, 2026, which is 7% above its 10-year median of 1.21. GuruFocus rates TPE:2025 with a GF Score™ of 62/100 and a GF Value™ of NT$15.05 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 500 Steel companies, Chien Shing Stainless Steel Co ranks worse than 64.4% on this metric.

As of today (2026-08-09), Chien Shing Stainless Steel Co's current share price is NT$12.15. Chien Shing Stainless Steel Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$9.40. Chien Shing Stainless Steel Co's Cyclically Adjusted PB Ratio for today is 1.29.

The historical rank and industry rank for Chien Shing Stainless Steel Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:2025' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 1.21   Max: 2.22
Current: 1.29

During the past years, Chien Shing Stainless Steel Co's highest Cyclically Adjusted PB Ratio was 2.22. The lowest was 0.25. And the median was 1.21.

TPE:2025's Cyclically Adjusted PB Ratio is ranked worse than
64.4% of 500 companies
in the Steel industry
Industry Median: 0.9 vs TPE:2025: 1.29

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.

Chien Shing Stainless Steel Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$9.595. 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$9.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chien Shing Stainless Steel Co  (TPE:2025) 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.


Chien Shing Stainless Steel Co Cyclically Adjusted PB Ratio Related Terms


Chien Shing Stainless Steel Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chien Shing Stainless Steel 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.

Chien Shing Stainless Steel Co Cyclically Adjusted PB Ratio Chart

Chien Shing Stainless Steel Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.25 1.23 1.60 1.10

Chien Shing Stainless Steel 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 1.55 1.52 1.20 1.10 1.20

TPE:2025 vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Chien Shing Stainless Steel 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.


Chien Shing Stainless Steel Co Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Chien Shing Stainless Steel Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Chien Shing Stainless Steel Co's Cyclically Adjusted PB Ratio falls into.


TPE:2025
62GF Score
Chien Shing Stainless Steel Co Ltd TPE:2025
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Chien Shing Stainless Steel 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.

Chien Shing Stainless Steel Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.15/9.40
=1.29

* 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.

Chien Shing Stainless Steel Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Chien Shing Stainless Steel 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)
=9.595/330.2130*330.2130
=9.595

Current CPI (Mar. 2026) = 330.2130.

Chien Shing Stainless Steel Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 10.151 238.343 14.064
201409 10.052 238.031 13.945
201412 9.325 234.812 13.114
201503 8.832 236.119 12.352
201506 8.217 238.638 11.370
201509 7.150 237.945 9.923
201512 6.637 236.525 9.266
201603 6.431 238.132 8.918
201606 6.450 241.018 8.837
201609 6.729 241.428 9.204
201612 6.161 241.432 8.427
201703 6.431 243.801 8.710
201706 5.818 244.955 7.843
201709 6.936 246.819 9.280
201712 7.948 246.524 10.646
201803 7.141 249.554 9.449
201806 6.197 251.989 8.121
201809 5.846 252.439 7.647
201812 4.772 251.233 6.272
202103 0.000 264.877 0.000
202106 0.000 271.696 0.000
202109 0.000 274.310 0.000
202112 4.048 278.802 4.794
202203 6.109 287.504 7.016
202206 5.742 296.311 6.399
202209 7.890 296.808 8.778
202212 8.496 296.797 9.453
202303 8.424 301.836 9.216
202306 10.563 305.109 11.432
202309 10.530 307.789 11.297
202312 9.872 306.746 10.627
202403 9.448 312.332 9.989
202406 9.571 314.175 10.060
202409 8.985 315.301 9.410
202412 8.482 315.605 8.875
202503 8.608 319.799 8.888
202506 7.764 322.561 7.948
202509 8.107 324.800 8.242
202512 8.360 324.054 8.519
202603 9.595 330.213 9.595

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 1.29 mean?
Chien Shing Stainless Steel Co (TPE:2025) has a Cyclically Adjusted PB Ratio of 1.29 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 Chien Shing Stainless Steel Co and its competitors. This is near median its historical median of 1.21. Over the past decade, Chien Shing Stainless Steel Co's Cyclically Adjusted PB Ratio has ranged from 0.25 to 2.22. According to the industry distribution chart, Chien Shing Stainless Steel Co ranks #322 out of 500 companies in the Steel industry, placing it in the top 64.4%.
Is Chien Shing Stainless Steel Co's Cyclically Adjusted PB Ratio too high?
Chien Shing Stainless Steel Co's current Cyclically Adjusted PB Ratio of 1.29 is near median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 2.22. The Steel industry median Cyclically Adjusted PB Ratio is 0.90. Chien Shing Stainless Steel Co's value of 1.29 is 43.3% above this industry median. Based on the distribution chart, Chien Shing Stainless Steel Co ranks #322 out of 500 companies in the Steel industry, which is below the industry midpoint. Overall, Chien Shing Stainless Steel Co has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chien Shing Stainless Steel Co's Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Chien Shing Stainless Steel Co ranks #322 out of 500 companies for Cyclically Adjusted PB Ratio. This places Chien Shing Stainless Steel Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.90. Chien Shing Stainless Steel Co's value of 1.29 is 43.3% above this benchmark. Historically, Chien Shing Stainless Steel Co's own Cyclically Adjusted PB Ratio has ranged from 0.25 to 2.22 over the past decade. While the company's 10-year median is 1.21 vs. the industry median of 0.90, Chien Shing Stainless Steel Co 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.90, based on 500 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. Chien Shing Stainless Steel Co's current Cyclically Adjusted PB Ratio of 1.29 is 43.3% 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 Chien Shing Stainless Steel Co and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chien Shing Stainless Steel Co's current Cyclically Adjusted PB Ratio is 1.29, which is near median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chien Shing Stainless Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Chien Shing Stainless Steel Co (TPE:2025) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$15.05, compared to a current price of NT$12.15 — trading 19.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.29, which is near median its 10-year median of 1.21 and 43.3% above the Steel industry median of 0.90. Chien Shing Stainless Steel Co's overall GF Score™ is 62/100 with 5 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 Chien Shing Stainless Steel Co (TPE:2025), the current Cyclically Adjusted PB Ratio is 1.29 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 Chien Shing Stainless Steel Co (TPE:2025) Overvalued in 2026?

Based on GuruFocus' analysis, Chien Shing Stainless Steel Co stock appears to be undervalued. The current stock price of NT$12.15 is trading 19.3% below its estimated GF Value™ of NT$15.05. GuruFocus considers Chien Shing Stainless Steel Co to be Modestly Undervalued.

Key valuation signals for TPE:2025:

  • Cyclically Adjusted PB Ratio: 1.29 (near median its 10-year median of 1.21)
  • GF Value™: NT$15.05 vs. price of NT$12.15 (19.3% below fair value)
  • GF Score™: 62/100 with 5 warning signs
  • Industry Position: 43.3% above the Steel median (#322 of 500)

No single metric tells the full story. See the TPE:2025 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chien Shing Stainless Steel Co Business Description

Address Number. 222, Industry Road, Hsiao Pyi Li, Madou District, Tainan, TWN
Chien Shing Stainless Steel Co Ltd is active in the stainless steel business in Taiwan. Its primary business activities include the processing, manufacturing, and trading of various stainless steel products. The Company does not have foreign operations.
62GF Score

Get the complete analysis for TPE:2025

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

NT$12.15
Price
NT$15.05
GF Value