GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yuen Chang Stainless Steel Co Ltd (TPE:2069) » Definitions » Cyclically Adjusted PB Ratio

Yuen Chang Stainless Steel Co (TPE:2069) Cyclically Adjusted PB Ratio : 0.61 (As of Jun. 03, 2025)


View and export this data going back to 2015. Start your Free Trial

What is Yuen Chang Stainless Steel Co Cyclically Adjusted PB Ratio?

As of today (2025-06-03), Yuen Chang Stainless Steel Co's current share price is NT$16.10. Yuen Chang Stainless Steel Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was NT$26.24. Yuen Chang Stainless Steel Co's Cyclically Adjusted PB Ratio for today is 0.61.

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

TPE:2069' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.64   Max: 0.78
Current: 0.63

During the past years, Yuen Chang Stainless Steel Co's highest Cyclically Adjusted PB Ratio was 0.78. The lowest was 0.57. And the median was 0.64.

TPE:2069's Cyclically Adjusted PB Ratio is ranked better than
63.79% of 475 companies
in the Steel industry
Industry Median: 0.84 vs TPE:2069: 0.63

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.

Yuen Chang Stainless Steel Co's adjusted book value per share data for the three months ended in Mar. 2025 was NT$24.858. 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$26.24 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Yuen Chang Stainless Steel Co Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Yuen Chang 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.

* Premium members only.

Yuen Chang Stainless Steel Co Cyclically Adjusted PB Ratio Chart

Yuen Chang Stainless Steel Co 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 - - - 0.70 0.61

Yuen Chang Stainless Steel Co 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 0.61 0.62 0.77 0.61 0.67

Competitive Comparison of Yuen Chang Stainless Steel Co's Cyclically Adjusted PB Ratio

For the Steel subindustry, Yuen Chang 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.


Yuen Chang Stainless Steel Co's Cyclically Adjusted PB Ratio Distribution in the Steel Industry

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

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


;
;

Yuen Chang 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.

Yuen Chang Stainless Steel Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.10/26.24
=0.61

* 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.

Yuen Chang Stainless Steel Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Yuen Chang Stainless Steel Co'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)
=24.858/134.9266*134.9266
=24.858

Current CPI (Mar. 2025) = 134.9266.

Yuen Chang Stainless Steel Co Quarterly Data

Book Value per Share CPI Adj_Book
201506 19.967 100.684 26.758
201509 20.618 100.392 27.711
201512 20.274 99.792 27.412
201603 19.619 100.470 26.347
201606 19.259 101.688 25.554
201609 19.655 101.861 26.035
201612 20.610 101.863 27.300
201703 20.549 102.862 26.955
201706 18.973 103.349 24.770
201709 19.218 104.136 24.900
201712 19.949 104.011 25.878
201803 20.486 105.290 26.252
201806 19.030 106.317 24.151
201809 24.555 106.507 31.107
201812 24.024 105.998 30.581
201903 24.320 107.251 30.596
201906 21.680 108.070 27.068
201909 20.930 108.329 26.069
201912 21.022 108.420 26.161
202003 20.377 108.902 25.247
202006 19.499 108.767 24.189
202009 20.114 109.815 24.714
202012 20.973 109.897 25.750
202103 21.643 111.754 26.131
202106 22.084 114.631 25.994
202109 23.876 115.734 27.835
202112 25.784 117.630 29.575
202203 26.782 121.301 29.790
202206 25.794 125.017 27.839
202209 25.316 125.227 27.277
202212 24.847 125.222 26.773
202303 24.647 127.348 26.114
202306 22.580 128.729 23.667
202309 22.752 129.860 23.640
202312 22.705 129.419 23.671
202403 22.520 131.776 23.058
202406 22.928 132.554 23.338
202409 23.771 133.029 24.110
202412 24.062 133.157 24.382
202503 24.858 134.927 24.858

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.


Yuen Chang Stainless Steel Co  (TPE:2069) 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.


Yuen Chang Stainless Steel Co Cyclically Adjusted PB Ratio Related Terms

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


Yuen Chang Stainless Steel Co Business Description

Traded in Other Exchanges
N/A
Address
No. 235, Zhongzheng 4th Road, 13th Floor, ChianJin Chiu, Kaohsiung, TWN
Yuen Chang Stainless Steel Co Ltd is a Taiwan-based steel company. It is engaged in stainless steel shearing, splitting, surface treatment, processing and trading, and import & export of stainless steel products. The company's products include stainless steel coils, plates, sheets, and strips.

Yuen Chang Stainless Steel Co Headlines

No Headlines