Meiloon Industrial Co (TPE:2477) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:2477 Meiloon Industrial Co Ltd TPE:2477
75 GF Score
Price NT$22.35
GF Value NT$21.87
Valuation Fairly Valued
! 8 Warning Signs
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What is Meiloon Industrial Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Meiloon Industrial Co  (TPE:2477) 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.


Meiloon Industrial Co Cyclically Adjusted PB Ratio Related Terms


Meiloon Industrial Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Meiloon Industrial 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.

Meiloon Industrial Co Cyclically Adjusted PB Ratio Chart

Meiloon Industrial 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 1.44 0.69 0.81 0.97 0.81

Meiloon Industrial Co 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 0.68 0.82 0.80 0.78 0.70

TPE:2477 vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, Meiloon Industrial 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.


Meiloon Industrial Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Meiloon Industrial Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:2477
75GF Score
Meiloon Industrial Co Ltd TPE:2477
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Meiloon Industrial 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.

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

For example, Meiloon Industrial Co'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)
=27.685/333.9520*333.9520
=27.685

Current CPI (Jun. 2026) = 333.9520.

Meiloon Industrial Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.242 241.428 30.766
201612 23.111 241.432 31.967
201703 22.720 243.801 31.121
201706 23.436 244.955 31.951
201709 21.433 246.819 28.999
201712 21.858 246.524 29.610
201803 21.821 249.554 29.201
201806 20.571 251.989 27.262
201809 20.857 252.439 27.592
201812 21.269 251.233 28.272
201903 22.053 254.202 28.972
201906 21.611 256.143 28.176
201909 21.894 256.759 28.476
201912 22.403 256.974 29.114
202003 21.805 258.115 28.212
202006 20.488 257.797 26.540
202009 20.757 260.280 26.632
202012 21.109 260.474 27.064
202103 30.085 264.877 37.931
202106 30.261 271.696 37.195
202109 29.169 274.310 35.511
202112 29.179 278.802 34.951
202203 30.199 287.504 35.078
202206 28.830 296.311 32.492
202209 35.558 296.808 40.008
202212 27.643 296.797 31.104
202303 26.519 301.836 29.341
202306 26.968 305.109 29.517
202309 28.391 307.789 30.804
202312 27.042 306.746 29.440
202403 27.712 312.332 29.630
202406 28.598 314.175 30.398
202409 28.878 315.301 30.586
202412 29.748 315.605 31.477
202503 28.926 319.799 30.206
202506 25.513 322.561 26.414
202509 27.322 324.800 28.092
202512 28.579 324.054 29.452
202603 27.876 330.213 28.192
202606 27.685 333.952 27.685

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 Meiloon Industrial Co (TPE:2477) Overvalued in 2026?

Based on GuruFocus' analysis, Meiloon Industrial Co stock appears to be overvalued. The current stock price of NT$22.35 is trading 2.2% above its estimated GF Value™ of NT$21.87. GuruFocus considers Meiloon Industrial Co to be Fairly Valued.

Key valuation signals for TPE:2477:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$21.87 vs. price of NT$22.35 (2.2% above fair value)
  • GF Score™: 75/100 with 8 warning signs

No single metric tells the full story. See the TPE:2477 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Meiloon Industrial Co Business Description

Address No 99, XingFu Road, Taoyuan District, Taoyuan, TWN, 330022
Meiloon Industrial Co Ltd designs and manufactures all types of visual and audio products. Its product line includes hi-fi home theater systems; car speakers and amplifiers; professional audio speakers; projectors and many others. Its segments include the Loudspeaker segment and Other segments. Its geographic segments include Europe, Americas, Asia, Taiwan, and Other regions. It generates the majority of its revenue from Europe.
75GF Score

Get the complete analysis for TPE:2477

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

NT$22.35
Price
NT$21.87
GF Value