Turvo International Co (TPE:2233) Cyclically Adjusted PB Ratio: (As of Jul. 30, 2026)

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.
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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:2233 Turvo International Co Ltd TPE:2233
72 GF Score
Price NT$173.50
GF Value NT$149.31
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Turvo International Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Turvo International Co  (TPE:2233) 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.


Turvo International Co Cyclically Adjusted PB Ratio Related Terms


Turvo International Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Turvo International 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.

Turvo International Co Cyclically Adjusted PB Ratio Chart

Turvo International Co 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 2.55 2.18 2.75 5.19 3.82

Turvo International 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 3.19 3.23 3.54 3.82 0.00

TPE:2233 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Turvo International 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.


Turvo International Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Turvo International Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Turvo International Co's Cyclically Adjusted PB Ratio falls into.


TPE:2233
72GF Score
Turvo International Co Ltd TPE:2233
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turvo International 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.

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

For example, Turvo International 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)
=62.246/330.2130*330.2130
=62.246

Current CPI (Mar. 2026) = 330.2130.

Turvo International Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 35.137 241.018 48.140
201609 35.635 241.428 48.740
201612 37.775 241.432 51.666
201703 37.953 243.801 51.405
201706 35.968 244.955 48.487
201709 38.196 246.819 51.101
201712 39.970 246.524 53.539
201803 41.549 249.554 54.978
201806 40.886 251.989 53.578
201809 41.617 252.439 54.439
201812 43.347 251.233 56.974
201903 45.668 254.202 59.324
201906 42.429 256.143 54.698
201909 42.906 256.759 55.181
201912 43.396 256.974 55.764
202003 44.351 258.115 56.739
202006 41.596 257.797 53.280
202009 44.089 260.280 55.935
202012 46.522 260.474 58.978
202103 48.479 264.877 60.437
202106 46.968 271.696 57.084
202109 49.513 274.310 59.604
202112 51.691 278.802 61.223
202203 55.855 287.504 64.152
202206 52.693 296.311 58.722
202209 55.783 296.808 62.061
202212 56.955 296.797 63.367
202303 58.718 301.836 64.238
202306 54.115 305.109 58.568
202309 58.015 307.789 62.242
202312 59.269 306.746 63.803
202403 63.399 312.332 67.029
202406 61.548 314.175 64.690
202409 64.275 315.301 67.315
202412 67.130 315.605 70.237
202503 62.287 319.799 64.315
202506 59.390 322.561 60.799
202509 62.185 324.800 63.221
202512 65.697 324.054 66.946
202603 62.246 330.213 62.246

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.

Is Turvo International Co (TPE:2233) Overvalued in 2026?

Based on GuruFocus' analysis, Turvo International Co stock appears to be overvalued. The current stock price of NT$173.50 is trading 16.2% above its estimated GF Value™ of NT$149.31. GuruFocus considers Turvo International Co to be Modestly Overvalued.

Key valuation signals for TPE:2233:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$149.31 vs. price of NT$173.50 (16.2% above fair value)
  • GF Score™: 72/100 with 5 warning signs

No single metric tells the full story. See the TPE:2233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Turvo International Co Business Description

Address No. 27, Jing 2 Road, Taichung Harbor Export Processing Zone, Wuci Township, Taichung, TWN
Turvo International Co Ltd is a Taiwan-based company engaged in the manufacturing and marketing of air tools, machine elements, hardware parts, wood lathes, and wood planers used on these products. The Company also processes, manufactures, and markets optical elements. Its main products are connectors and sensors, which are mostly applied in automotive, medical, industrial, and electronics industries. It has two reportable segments as follows: The Taiwan segment produces, manufactures, and trades precision metal processing, including automobile, industrial application, and household application, etc. China segment produces, manufactures, and trades precision metal processing, including computer, medical equipment, optical, and precision metal hardware, etc.
72GF Score

Get the complete analysis for TPE:2233

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

NT$173.50
Price
NT$149.31
GF Value