China Motor (TPE:2204) Cyclically Adjusted PB Ratio: 0.56 (As of Aug. 06, 2026) — 15% Below Median

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TPE:2204 China Motor Corp TPE:2204
75 GF Score
Price NT$51.50
GF Value NT$66.10
Valuation Modestly Undervalued
! 12 Warning Signs
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What is China Motor Cyclically Adjusted PB Ratio?

China Motor TPE:2204 +1.78% 75 Cyclically Adjusted PB Ratio is 0.56 as of Aug. 06, 2026, which is 15% below its 10-year median of 0.66. GuruFocus rates TPE:2204 with a GF Score™ of 75/100 and a GF Value™ of NT$66.10 (Modestly Undervalued). The stock has 12 warning signs investors should review. Among 1,014 Vehicles & Parts companies, China Motor ranks better than 76.73% on this metric.

As of today (2026-08-06), China Motor's current share price is NT$51.50. China Motor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$92.12. China Motor's Cyclically Adjusted PB Ratio for today is 0.56.

The historical rank and industry rank for China Motor's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:2204' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.66   Max: 1.51
Current: 0.56

During the past years, China Motor's highest Cyclically Adjusted PB Ratio was 1.51. The lowest was 0.28. And the median was 0.66.

TPE:2204's Cyclically Adjusted PB Ratio is ranked better than
76.73% of 1014 companies
in the Vehicles & Parts industry
Industry Median: 1.255 vs TPE:2204: 0.56

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.

China Motor's adjusted book value per share data for the three months ended in Mar. 2026 was NT$66.587. 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$92.12 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Motor  (TPE:2204) 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.


China Motor Cyclically Adjusted PB Ratio Related Terms


China Motor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for China Motor'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.

China Motor Cyclically Adjusted PB Ratio Chart

China Motor 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 0.66 0.52 1.16 0.84 0.64

China Motor 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 0.76 0.65 0.68 0.64 0.60

TPE:2204 vs TSLA, GM, F: Cyclically Adjusted PB Ratio Comparison

For the Auto Manufacturers subindustry, China Motor'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.


China Motor Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Motor's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where China Motor's Cyclically Adjusted PB Ratio falls into.


TPE:2204
75GF Score
China Motor Corp TPE:2204
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Motor 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.

China Motor's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=51.50/92.12
=0.56

* 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.

China Motor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, China Motor'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)
=66.587/330.2130*330.2130
=66.587

Current CPI (Mar. 2026) = 330.2130.

China Motor Quarterly Data

Book Value per Share CPI Adj_Book
201606 88.958 241.018 121.879
201609 90.076 241.428 123.201
201612 89.270 241.432 122.097
201703 90.689 243.801 122.833
201706 88.889 244.955 119.827
201709 90.916 246.819 121.634
201712 92.031 246.524 123.273
201803 95.412 249.554 126.250
201806 92.147 251.989 120.752
201809 93.009 252.439 121.664
201812 94.217 251.233 123.836
201903 96.283 254.202 125.073
201906 90.547 256.143 116.731
201909 75.424 256.759 97.001
201912 69.980 256.974 89.925
202003 70.562 258.115 90.272
202006 72.199 257.797 92.480
202009 74.174 260.280 94.103
202012 76.087 260.474 96.458
202103 78.543 264.877 97.917
202106 73.773 271.696 89.662
202109 75.092 274.310 90.395
202112 77.078 278.802 91.291
202203 80.229 287.504 92.147
202206 64.269 296.311 71.622
202209 64.008 296.808 71.212
202212 58.395 296.797 64.970
202303 56.426 301.836 61.731
202306 58.269 305.109 63.063
202309 61.833 307.789 66.338
202312 64.700 306.746 69.650
202403 61.331 312.332 64.842
202406 63.811 314.175 67.068
202409 65.573 315.301 68.674
202412 67.025 315.605 70.127
202503 64.378 319.799 66.474
202506 63.503 322.561 65.009
202509 65.997 324.800 67.097
202512 68.439 324.054 69.740
202603 66.587 330.213 66.587

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 0.56 mean?
China Motor (TPE:2204) has a Cyclically Adjusted PB Ratio of 0.56 as of Aug. 06, 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 China Motor and its competitors. This is 15% below median its historical median of 0.66. Over the past decade, China Motor's Cyclically Adjusted PB Ratio has ranged from 0.28 to 1.51. According to the industry distribution chart, China Motor ranks #236 out of 1014 companies in the Vehicles & Parts industry, placing it in the top 23.3%.
Is China Motor's Cyclically Adjusted PB Ratio too high?
China Motor's current Cyclically Adjusted PB Ratio of 0.56 is 15% below median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.51. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. China Motor's value of 0.56 is 55.4% below this industry median. Based on the distribution chart, China Motor ranks #236 out of 1014 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, China Motor has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Motor's Cyclically Adjusted PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, China Motor ranks #236 out of 1014 companies for Cyclically Adjusted PB Ratio. This places China Motor in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.26. China Motor's value of 0.56 is 55.4% below this benchmark. Historically, China Motor's own Cyclically Adjusted PB Ratio has ranged from 0.28 to 1.51 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 1.26, China Motor 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 1,014 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. China Motor's current Cyclically Adjusted PB Ratio of 0.56 is 55.4% 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 China Motor and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Motor's current Cyclically Adjusted PB Ratio is 0.56, which is 15% below median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Motor stock overvalued right now?
Based on GuruFocus' analysis, China Motor (TPE:2204) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$66.10, compared to a current price of NT$51.50 — trading 22.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.56, which is 15% below median its 10-year median of 0.66 and 55.4% below the Vehicles & Parts industry median of 1.26. China Motor's overall GF Score™ is 75/100 with 12 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 China Motor (TPE:2204), the current Cyclically Adjusted PB Ratio is 0.56 as of Aug. 06, 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 China Motor (TPE:2204) Overvalued in 2026?

Based on GuruFocus' analysis, China Motor stock appears to be undervalued. The current stock price of NT$51.50 is trading 22.1% below its estimated GF Value™ of NT$66.10. GuruFocus considers China Motor to be Modestly Undervalued.

Key valuation signals for TPE:2204:

  • Cyclically Adjusted PB Ratio: 0.56 (15% below median its 10-year median of 0.66)
  • GF Value™: NT$66.10 vs. price of NT$51.50 (22.1% below fair value)
  • GF Score™: 75/100 with 12 warning signs
  • Industry Position: 55.4% below the Vehicles & Parts median (#236 of 1014)

No single metric tells the full story. See the TPE:2204 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Motor Business Description

Address No. 618, Xiucai Road, Yangmei District, Taoyuan, TWN, 326
China Motor Corp is engaged in the manufacture and sale of automobiles and their related parts and components. Its products are Sedan, RVs, LCVs, trucks, EVs, Electric scooters, and AGVs. Its reportable segments were vehicle manufacturing, channel, and others. It generates the majority of its revenue from the Vehicle manufacturing segment.
75GF Score

Get the complete analysis for TPE:2204

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

NT$51.50
Price
NT$66.10
GF Value