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Nankang Rubber TireTPE:2101 -1.46%55 Cyclically Adjusted PB Ratio is 1.82 as of Aug. 12, 2026, which is 29% below its 10-year median of 2.58. GuruFocus rates TPE:2101 with a GF Score™ of 55/100 and a GF Value™ of NT$59.51 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,009 Vehicles & Parts companies, Nankang Rubber Tire ranks worse than 60.85% on this metric.
The historical rank and industry rank for Nankang Rubber Tire's Cyclically Adjusted PB Ratio or its related term are showing as below:
TPE:2101'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.62 Med: 2.58 Max: 3.99
Current: 1.91
During the past years, Nankang Rubber Tire's highest Cyclically Adjusted PB Ratio was 3.99. The lowest was 1.62. And the median was 2.58.
TPE:2101's Cyclically Adjusted PB Ratio is ranked worse than 60.85% of 1009
companies
in the Vehicles & Parts industry
Industry Median: 1.28
vs TPE:2101: 1.91
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.
Nankang Rubber Tire's adjusted book value per share data for the three months ended in Mar. 2026 was NT$18.627. 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$18.54 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Nankang Rubber Tire (TPE:2101) 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.
Nankang Rubber Tire Cyclically Adjusted PB Ratio Related Terms
Nankang Rubber Tire Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Nankang Rubber Tire'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.
Nankang Rubber Tire Cyclically Adjusted PB Ratio Chart
TPE:2101 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison
For the Auto Parts subindustry, Nankang Rubber Tire'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.
Nankang Rubber Tire Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nankang Rubber Tire's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Nankang Rubber Tire's Cyclically Adjusted PB Ratio falls into.
Nankang Rubber Tire 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.
Nankang Rubber Tire's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.82 mean?
Nankang Rubber Tire (TPE:2101) has a Cyclically Adjusted PB Ratio of 1.82 as of Aug. 12, 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 Nankang Rubber Tire and its competitors. This is 29% below median its historical median of 2.58. Over the past decade, Nankang Rubber Tire's Cyclically Adjusted PB Ratio has ranged from 1.62 to 3.99. According to the industry distribution chart, Nankang Rubber Tire ranks #614 out of 1009 companies in the Vehicles & Parts industry, placing it in the top 60.9%.
Is Nankang Rubber Tire's Cyclically Adjusted PB Ratio too high?
Nankang Rubber Tire's current Cyclically Adjusted PB Ratio of 1.82 is 29% below median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 3.99. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.28. Nankang Rubber Tire's value of 1.82 is 42.2% above this industry median. Based on the distribution chart, Nankang Rubber Tire ranks #614 out of 1009 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Nankang Rubber Tire has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nankang Rubber Tire's Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nankang Rubber Tire ranks #614 out of 1009 companies for Cyclically Adjusted PB Ratio. This places Nankang Rubber Tire in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Nankang Rubber Tire's value of 1.82 is 42.2% above this benchmark. Historically, Nankang Rubber Tire's own Cyclically Adjusted PB Ratio has ranged from 1.62 to 3.99 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 1.28, Nankang Rubber Tire 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.28, based on 1,009 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. Nankang Rubber Tire's current Cyclically Adjusted PB Ratio of 1.82 is 42.2% 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 Nankang Rubber Tire and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nankang Rubber Tire's current Cyclically Adjusted PB Ratio is 1.82, which is 29% below median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nankang Rubber Tire stock overvalued right now?
Based on GuruFocus' analysis, Nankang Rubber Tire (TPE:2101) is currently considered Possible Value Trap. The stock's GF Value™ is NT$59.51, compared to a current price of NT$33.80 — trading 43.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.82, which is 29% below median its 10-year median of 2.58 and 42.2% above the Vehicles & Parts industry median of 1.28. Nankang Rubber Tire's overall GF Score™ is 55/100 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 Nankang Rubber Tire (TPE:2101), the current Cyclically Adjusted PB Ratio is 1.82 as of Aug. 12, 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 Nankang Rubber Tire (TPE:2101) Overvalued in 2026?
Based on GuruFocus' analysis, Nankang Rubber Tire stock appears to be undervalued.
The current stock price of NT$33.80 is trading 43.2% below its estimated GF Value™ of NT$59.51.
GuruFocus considers Nankang Rubber Tire to be Possible Value Trap.
Key valuation signals for TPE:2101:
Cyclically Adjusted PB Ratio: 1.82 (29% below median its 10-year median of 2.58)
GF Value™: NT$59.51 vs. price of NT$33.80 (43.2% below fair value)
Industry Position: 42.2% above the Vehicles & Parts median (#614 of 1009)
No single metric tells the full story. See the TPE:2101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nankang Rubber Tire Corp Ltd manufactures and sells tires and rubber supplies. The products offered by the company include Motorsport, sedan series, suv & 4x4, snow series, all-season tire series, light truck series, truck/trailer series, and two-wheel series. The reportable segments of the company are: Tire - Taiwan, Tire - China, Construction Department, and others. The segments of the company include: Tire-Taiwan, Tire-China, Construction, Department and Other. It derives maximum revenue from Tire-Taiwan segment. Its geographical segments are Taiwan, the United States, Europe, Other regions in Asia, and Others. The company derives maximum revenue from Europe.
55GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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