Hanpin Electron Co (TPE:2488) Cyclically Adjusted PB Ratio: (As of Sep. 20, 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:2488 Hanpin Electron Co Ltd TPE:2488
93 GF Score
Price NT$48.75
GF Value NT$51.66
Valuation Fairly Valued
! 2 Warning Signs
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What is Hanpin Electron Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hanpin Electron Co  (TPE:2488) 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.


Hanpin Electron Co Cyclically Adjusted PB Ratio Related Terms


Hanpin Electron Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hanpin Electron 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.

Hanpin Electron Co Cyclically Adjusted PB Ratio Chart

Hanpin Electron 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 1.04 1.00 1.32 1.75 1.40

Hanpin Electron 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 1.45 1.39 1.44 1.47 1.64

TPE:2488 vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, Hanpin Electron 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.


Hanpin Electron Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:2488
93GF Score
Hanpin Electron Co Ltd TPE:2488
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hanpin Electron 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.

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

For example, Hanpin Electron 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)
=34.718/333.9520*333.9520
=34.718

Current CPI (Jun. 2026) = 333.9520.

Hanpin Electron Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 23.781 241.428 32.895
201612 25.417 241.432 35.157
201703 25.199 243.801 34.517
201706 22.420 244.955 30.566
201709 23.379 246.819 31.632
201712 23.754 246.524 32.178
201803 23.696 249.554 31.710
201806 23.341 251.989 30.933
201809 24.499 252.439 32.410
201812 25.537 251.233 33.945
201903 26.418 254.202 34.706
201906 24.939 256.143 32.515
201909 25.745 256.759 33.485
201912 26.204 256.974 34.054
202003 25.897 258.115 33.506
202006 24.420 257.797 31.634
202009 25.381 260.280 32.565
202012 26.048 260.474 33.396
202103 26.351 264.877 33.223
202106 26.722 271.696 32.845
202109 25.534 274.310 31.086
202112 26.149 278.802 31.322
202203 27.008 287.504 31.371
202206 26.468 296.311 29.830
202209 28.602 296.808 32.181
202212 29.182 296.797 32.835
202303 29.665 301.836 32.821
202306 28.107 305.109 30.764
202309 30.578 307.789 33.177
202312 30.882 306.746 33.621
202403 32.162 312.332 34.388
202406 30.905 314.175 32.850
202409 32.381 315.301 34.296
202412 34.168 315.605 36.154
202503 35.215 319.799 36.773
202506 31.275 322.561 32.379
202509 33.515 324.800 34.459
202512 35.097 324.054 36.169
202603 36.359 330.213 36.771
202606 34.718 333.952 34.718

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 Hanpin Electron Co (TPE:2488) Overvalued in 2026?

Based on GuruFocus' analysis, Hanpin Electron Co stock appears to be undervalued. The current stock price of NT$48.75 is trading 5.6% below its estimated GF Value™ of NT$51.66. GuruFocus considers Hanpin Electron Co to be Fairly Valued.

Key valuation signals for TPE:2488:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$51.66 vs. price of NT$48.75 (5.6% below fair value)
  • GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the TPE:2488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hanpin Electron Co Business Description

Address No. 256, Section 3, Zhongzheng Road, Rende District, Tainan, TWN
Hanpin Electron Co Ltd is engaged in the manufacture of electronic appliances, lighting equipment, data storage and processing equipment, wireless communication machinery and electronic components, the provision of international trading, product design and information software services. It operates in two segments Audio and Construction segments. Audio segment is engaged in the manufacture of audio equipment used in consumer entertainment venues, studios, personal audiovisual entertainment, schools, conference rooms, theatres and large-scale concerts. Construction segment engages in the development, leasing and sales of residential buildings, commercial buildings and industrial factories, as well as real estate sales and leasing. Audio segment derives the majority of revenue.
93GF Score

Get the complete analysis for TPE:2488

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

NT$48.75
Price
NT$51.66
GF Value