CUB Elecparts (TPE:2231) Cyclically Adjusted PB Ratio: 3.22 (As of Aug. 04, 2026) — 47% Below Median

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:2231 CUB Elecparts Inc TPE:2231
67 GF Score
Price NT$96.40
GF Value NT$96.28
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is CUB Elecparts Cyclically Adjusted PB Ratio?

CUB Elecparts TPE:2231 +0.73% 67 Cyclically Adjusted PB Ratio is 3.22 as of Aug. 04, 2026, which is 47% below its 10-year median of 6.13. GuruFocus rates TPE:2231 with a GF Score™ of 67/100 and a GF Value™ of NT$96.28 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,015 Vehicles & Parts companies, CUB Elecparts ranks worse than 78.33% on this metric.

As of today (2026-08-04), CUB Elecparts's current share price is NT$96.40. CUB Elecparts's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$29.95. CUB Elecparts's Cyclically Adjusted PB Ratio for today is 3.22.

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

TPE:2231' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.31   Med: 6.13   Max: 18.65
Current: 3.22

During the past years, CUB Elecparts's highest Cyclically Adjusted PB Ratio was 18.65. The lowest was 2.31. And the median was 6.13.

TPE:2231's Cyclically Adjusted PB Ratio is ranked worse than
78.33% of 1015 companies
in the Vehicles & Parts industry
Industry Median: 1.25 vs TPE:2231: 3.22

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.

CUB Elecparts's adjusted book value per share data for the three months ended in Mar. 2026 was NT$25.341. 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$29.95 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CUB Elecparts  (TPE:2231) 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.


CUB Elecparts Cyclically Adjusted PB Ratio Related Terms


CUB Elecparts Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CUB Elecparts'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.

CUB Elecparts Cyclically Adjusted PB Ratio Chart

CUB Elecparts 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 7.99 5.61 5.18 3.78 3.16

CUB Elecparts 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 2.78 2.38 4.05 3.16 4.14

TPE:2231 vs ORLY, AZO: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, CUB Elecparts'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.


CUB Elecparts Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

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

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


TPE:2231
67GF Score
CUB Elecparts Inc TPE:2231
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CUB Elecparts 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.

CUB Elecparts's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=96.40/29.95
=3.22

* 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.

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

For example, CUB Elecparts'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)
=25.341/330.2130*330.2130
=25.341

Current CPI (Mar. 2026) = 330.2130.

CUB Elecparts Quarterly Data

Book Value per Share CPI Adj_Book
201606 16.498 241.018 22.604
201609 18.193 241.428 24.883
201612 20.291 241.432 27.753
201703 21.191 243.801 28.702
201706 17.879 244.955 24.102
201709 20.056 246.819 26.832
201712 21.740 246.524 29.120
201803 24.173 249.554 31.986
201806 21.285 251.989 27.892
201809 23.188 252.439 30.332
201812 24.871 251.233 32.690
201903 27.532 254.202 35.765
201906 26.270 256.143 33.867
201909 27.915 256.759 35.901
201912 28.418 256.974 36.517
202003 28.419 258.115 36.357
202006 20.708 257.797 26.525
202009 21.031 260.280 26.682
202012 21.708 260.474 27.520
202103 23.834 264.877 29.713
202106 24.573 271.696 29.865
202109 24.477 274.310 29.465
202112 25.039 278.802 29.656
202203 26.376 287.504 30.294
202206 26.302 296.311 29.311
202209 27.947 296.808 31.092
202212 29.085 296.797 32.360
202303 30.107 301.836 32.937
202306 28.898 305.109 31.276
202309 30.162 307.789 32.359
202312 29.927 306.746 32.217
202403 30.967 312.332 32.740
202406 28.234 314.175 29.675
202409 29.577 315.301 30.976
202412 30.483 315.605 31.894
202503 31.998 319.799 33.040
202506 25.452 322.561 26.056
202509 26.059 324.800 26.493
202512 24.774 324.054 25.245
202603 25.341 330.213 25.341

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 3.22 mean?
CUB Elecparts (TPE:2231) has a Cyclically Adjusted PB Ratio of 3.22 as of Aug. 04, 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 CUB Elecparts and its competitors. This is 47% below median its historical median of 6.13. Over the past decade, CUB Elecparts' Cyclically Adjusted PB Ratio has ranged from 2.31 to 18.65. According to the industry distribution chart, CUB Elecparts ranks #795 out of 1015 companies in the Vehicles & Parts industry, placing it in the top 78.3%.
Is CUB Elecparts' Cyclically Adjusted PB Ratio too high?
CUB Elecparts' current Cyclically Adjusted PB Ratio of 3.22 is 47% below median its 10-year median of 6.13. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 18.65. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.25. CUB Elecparts' value of 3.22 is 157.6% above this industry median. Based on the distribution chart, CUB Elecparts ranks #795 out of 1015 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, CUB Elecparts has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CUB Elecparts' Cyclically Adjusted PB Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, CUB Elecparts ranks #795 out of 1015 companies for Cyclically Adjusted PB Ratio. This places CUB Elecparts in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.25. CUB Elecparts' value of 3.22 is 157.6% above this benchmark. Historically, CUB Elecparts' own Cyclically Adjusted PB Ratio has ranged from 2.31 to 18.65 over the past decade. While the company's 10-year median is 6.13 vs. the industry median of 1.25, CUB Elecparts 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 1.25, based on 1,015 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. CUB Elecparts's current Cyclically Adjusted PB Ratio of 3.22 is 157.6% 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 CUB Elecparts and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CUB Elecparts's current Cyclically Adjusted PB Ratio is 3.22, which is 47% below median its own 10-year median of 6.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CUB Elecparts stock overvalued right now?
Based on GuruFocus' analysis, CUB Elecparts (TPE:2231) is currently considered Fairly Valued. The stock's GF Value™ is NT$96.28, compared to a current price of NT$96.40 — trading 0.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.22, which is 47% below median its 10-year median of 6.13 and 157.6% above the Vehicles & Parts industry median of 1.25. CUB Elecparts' overall GF Score™ is 67/100 with 7 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 CUB Elecparts (TPE:2231), the current Cyclically Adjusted PB Ratio is 3.22 as of Aug. 04, 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 CUB Elecparts (TPE:2231) Overvalued in 2026?

Based on GuruFocus' analysis, CUB Elecparts stock appears to be overvalued. The current stock price of NT$96.40 is trading 0.1% above its estimated GF Value™ of NT$96.28. GuruFocus considers CUB Elecparts to be Fairly Valued.

Key valuation signals for TPE:2231:

  • Cyclically Adjusted PB Ratio: 3.22 (47% below median its 10-year median of 6.13)
  • GF Value™: NT$96.28 vs. price of NT$96.40 (0.1% above fair value)
  • GF Score™: 67/100 with 7 warning signs
  • Industry Position: 157.6% above the Vehicles & Parts median (#795 of 1015)

No single metric tells the full story. See the TPE:2231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CUB Elecparts Business Description

Address Lane 546, Section 6, Zhanglu Road, No. 6, Fuhsin Township, Changhua County, Changhua, TWN
CUB Elecparts Inc is engaged in the manufacturing, processing, trading, and project construction of various automobile parts, motor switches, electrical products, communications electronic products, and computer peripheral equipment. Its product offerings include tire pressure monitoring systems, driver assistance systems for vehicles, ignition lock switches, combination switches, ABS speed sensors, camshaft position sensors, etc. The Group's reportable segments are: Auto Parts, and Communication Equipment and Engineering. Maximum revenue is generated from the Auto Parts segment, which offers various auto parts and automobile and motorcycle motor switches. Geographically, the Group derives maximum revenue from the USA, and the rest from Taiwan, China, Germany, and other markets.
67GF Score

Get the complete analysis for TPE:2231

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

NT$96.40
Price
NT$96.28
GF Value