Aurora (TPE:2373) Cyclically Adjusted PB Ratio: 1.37 (As of Sep. 05, 2026) — 34% Below Median

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TPE:2373 Aurora Corp TPE:2373
75 GF Score
Price NT$53.20
GF Value NT$59.25
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Aurora Cyclically Adjusted PB Ratio?

Aurora TPE:2373 +0.57% 75 Cyclically Adjusted PB Ratio is 1.37 as of Sep. 05, 2026, which is 34% below its 10-year median of 2.09. GuruFocus rates TPE:2373 with a GF Score™ of 75/100 and a GF Value™ of NT$59.25 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 124 Industrial Distribution companies, Aurora ranks worse than 51.61% on this metric.

As of today (2026-09-05), Aurora's current share price is NT$53.20. Aurora's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$38.86. Aurora's Cyclically Adjusted PB Ratio for today is 1.37.

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

TPE:2373' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.37   Med: 2.09   Max: 3.05
Current: 1.37

During the past years, Aurora's highest Cyclically Adjusted PB Ratio was 3.05. The lowest was 1.37. And the median was 2.09.

TPE:2373's Cyclically Adjusted PB Ratio is ranked worse than
51.61% of 124 companies
in the Industrial Distribution industry
Industry Median: 1.15 vs TPE:2373: 1.37

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.

Aurora's adjusted book value per share data for the three months ended in Jun. 2026 was NT$32.949. 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$38.86 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aurora  (TPE:2373) 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.


Aurora Cyclically Adjusted PB Ratio Related Terms


Aurora Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Aurora'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.

Aurora Cyclically Adjusted PB Ratio Chart

Aurora 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 2.50 2.04 1.97 1.62 1.46

Aurora Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.58 1.48 1.46 1.44 1.51

TPE:2373 vs GWW, FAST, FERG: Cyclically Adjusted PB Ratio Comparison

For the Industrial Distribution subindustry, Aurora'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.


Aurora Cyclically Adjusted PB Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Aurora's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:2373
75GF Score
Aurora Corp TPE:2373
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aurora 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.

Aurora's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=53.20/38.86
=1.37

* 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.

Aurora's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Aurora's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=32.949/333.9520*333.9520
=32.949

Current CPI (Jun. 2026) = 333.9520.

Aurora Quarterly Data

Book Value per Share CPI Adj_Book
201609 31.245 241.428 43.219
201612 32.373 241.432 44.779
201703 33.875 243.801 46.401
201706 31.551 244.955 43.014
201709 30.362 246.819 41.081
201712 33.402 246.524 45.248
201803 35.574 249.554 47.605
201806 30.559 251.989 40.499
201809 31.994 252.439 42.325
201812 33.908 251.233 45.072
201903 35.748 254.202 46.963
201906 30.966 256.143 40.373
201909 31.340 256.759 40.762
201912 32.237 256.974 41.894
202003 31.834 258.115 41.187
202006 27.352 257.797 35.432
202009 30.979 260.280 39.748
202012 34.101 260.474 43.721
202103 35.289 264.877 44.492
202106 36.371 271.696 44.705
202109 31.820 274.310 38.738
202112 33.953 278.802 40.669
202203 36.587 287.504 42.498
202206 30.086 296.311 33.908
202209 32.583 296.808 36.661
202212 33.586 296.797 37.791
202303 29.845 301.836 33.021
202306 29.850 305.109 32.672
202309 32.405 307.789 35.160
202312 33.014 306.746 35.942
202403 29.997 312.332 32.073
202406 31.558 314.175 33.545
202409 33.305 315.301 35.275
202412 33.670 315.605 35.627
202503 31.343 319.799 32.730
202506 28.111 322.561 29.104
202509 30.587 324.800 31.449
202512 33.423 324.054 34.444
202603 31.328 330.213 31.683
202606 32.949 333.952 32.949

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 1.37 mean?
Aurora (TPE:2373) has a Cyclically Adjusted PB Ratio of 1.37 as of Sep. 05, 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 Aurora and its competitors. This is 34% below median its historical median of 2.09. Over the past decade, Aurora's Cyclically Adjusted PB Ratio has ranged from 1.37 to 3.05. According to the industry distribution chart, Aurora ranks #64 out of 124 companies in the Industrial Distribution industry, placing it in the top 51.6%.
Is Aurora's Cyclically Adjusted PB Ratio too high?
Aurora's current Cyclically Adjusted PB Ratio of 1.37 is 34% below median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 3.05. The Industrial Distribution industry median Cyclically Adjusted PB Ratio is 1.15. Aurora's value of 1.37 is 19.1% above this industry median. Based on the distribution chart, Aurora ranks #64 out of 124 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Aurora has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aurora's Cyclically Adjusted PB Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Aurora ranks #64 out of 124 companies for Cyclically Adjusted PB Ratio. This places Aurora in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.15. Aurora's value of 1.37 is 19.1% above this benchmark. Historically, Aurora's own Cyclically Adjusted PB Ratio has ranged from 1.37 to 3.05 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 1.15, Aurora 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 an Industrial Distribution company?
The median Cyclically Adjusted PB Ratio among Industrial Distribution companies is 1.15, based on 124 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. Aurora's current Cyclically Adjusted PB Ratio of 1.37 is 19.1% 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 Aurora and its competitors. For the Industrial Distribution industry, the median Cyclically Adjusted PB Ratio is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aurora's current Cyclically Adjusted PB Ratio is 1.37, which is 34% below median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aurora stock overvalued right now?
Based on GuruFocus' analysis, Aurora (TPE:2373) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$59.25, compared to a current price of NT$53.20 — trading 10.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.37, which is 34% below median its 10-year median of 2.09 and 19.1% above the Industrial Distribution industry median of 1.15. Aurora's overall GF Score™ is 75/100 with 5 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 Aurora (TPE:2373), the current Cyclically Adjusted PB Ratio is 1.37 as of Sep. 05, 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 Aurora (TPE:2373) Overvalued in 2026?

Based on GuruFocus' analysis, Aurora stock appears to be undervalued. The current stock price of NT$53.20 is trading 10.2% below its estimated GF Value™ of NT$59.25. GuruFocus considers Aurora to be Modestly Undervalued.

Key valuation signals for TPE:2373:

  • Cyclically Adjusted PB Ratio: 1.37 (34% below median its 10-year median of 2.09)
  • GF Value™: NT$59.25 vs. price of NT$53.20 (10.2% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 19.1% above the Industrial Distribution median (#64 of 124)

No single metric tells the full story. See the TPE:2373 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aurora Business Description

Address No. 2, Xinyi Road, Section 5, 15 Floor, Taipei City, TWN
Aurora Corp is engaged in the sale of office automation equipment, office furniture, communication products, 3D printers, office cloud solutions, and electronics. The company majorly operates in Chinese-speaking markets, including mainland China, Taiwan, and elsewhere. Aurora has five business units in Taiwan: Aurora Office Equipment, Aurora System, Aurora Office Automation, Aurora Furniture, and Aurora Telecom. In mainland China, the company sells its own brand of office equipment, office furniture, and electronic goods. Aurora has established main centers in Aurora Jiading Park for design, engineering technology, quality inspection, office environment display center, logistics, and education.
75GF Score

Get the complete analysis for TPE:2373

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

NT$53.20
Price
NT$59.25
GF Value