Fortune Oriental Co (TPE:2491) Cyclically Adjusted PB Ratio: 2.26 (As of Aug. 04, 2026) — 73% Above Median

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TPE:2491 Fortune Oriental Co Ltd TPE:2491
23 GF Score
Price NT$26.45
! 4 Warning Signs
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What is Fortune Oriental Co Cyclically Adjusted PB Ratio?

Fortune Oriental Co TPE:2491 +9.98% 23 Cyclically Adjusted PB Ratio is 2.26 as of Aug. 04, 2026, which is 73% above its 10-year median of 1.31. GuruFocus rates TPE:2491 with a GF Score™ of 23/100. The stock has 4 warning signs investors should review. Among 334 Furnishings, Fixtures & Appliances companies, Fortune Oriental Co ranks worse than 74.55% on this metric.

As of today (2026-08-04), Fortune Oriental Co's current share price is NT$26.45. Fortune Oriental Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$11.72. Fortune Oriental Co's Cyclically Adjusted PB Ratio for today is 2.26.

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

TPE:2491' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.82   Med: 1.31   Max: 4.4
Current: 2.05

During the past years, Fortune Oriental Co's highest Cyclically Adjusted PB Ratio was 4.40. The lowest was 0.82. And the median was 1.31.

TPE:2491's Cyclically Adjusted PB Ratio is ranked worse than
74.55% of 334 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.195 vs TPE:2491: 2.05

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.

Fortune Oriental Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$12.189. 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$11.72 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fortune Oriental Co  (TPE:2491) 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.


Fortune Oriental Co Cyclically Adjusted PB Ratio Related Terms


Fortune Oriental Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fortune Oriental 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.

Fortune Oriental Co Cyclically Adjusted PB Ratio Chart

Fortune Oriental 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 2.37 1.19 1.33 1.23 1.74

Fortune Oriental 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 1.20 0.92 1.12 1.74 1.29

TPE:2491 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Fortune Oriental 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.


Fortune Oriental Co Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fortune Oriental Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:2491
23GF Score
Fortune Oriental Co Ltd TPE:2491
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortune Oriental 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.

Fortune Oriental Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.45/11.72
=2.26

* 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.

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

For example, Fortune Oriental 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)
=12.189/330.2130*330.2130
=12.189

Current CPI (Mar. 2026) = 330.2130.

Fortune Oriental Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.729 241.018 9.219
201609 6.625 241.428 9.061
201612 6.714 241.432 9.183
201703 6.715 243.801 9.095
201706 7.272 244.955 9.803
201709 7.221 246.819 9.661
201712 7.242 246.524 9.700
201803 7.172 249.554 9.490
201806 7.024 251.989 9.204
201809 6.966 252.439 9.112
201812 6.766 251.233 8.893
201903 6.842 254.202 8.888
201906 6.700 256.143 8.637
201909 6.700 256.759 8.617
201912 12.492 256.974 16.052
202003 12.556 258.115 16.063
202006 12.476 257.797 15.981
202009 12.164 260.280 15.432
202012 13.977 260.474 17.719
202103 14.831 264.877 18.489
202106 17.586 271.696 21.374
202109 13.530 274.310 16.287
202112 14.195 278.802 16.813
202203 12.959 287.504 14.884
202206 10.757 296.311 11.988
202209 9.295 296.808 10.341
202212 9.665 296.797 10.753
202303 9.983 301.836 10.922
202306 9.889 305.109 10.703
202309 9.753 307.789 10.464
202312 10.093 306.746 10.865
202403 10.328 312.332 10.919
202406 10.422 314.175 10.954
202409 9.646 315.301 10.102
202412 9.854 315.605 10.310
202503 8.638 319.799 8.919
202506 9.228 322.561 9.447
202509 10.392 324.800 10.565
202512 11.332 324.054 11.547
202603 12.189 330.213 12.189

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 2.26 mean?
Fortune Oriental Co (TPE:2491) has a Cyclically Adjusted PB Ratio of 2.26 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 Fortune Oriental Co and its competitors. This is 73% above median its historical median of 1.31. Over the past decade, Fortune Oriental Co's Cyclically Adjusted PB Ratio has ranged from 0.82 to 4.40. According to the industry distribution chart, Fortune Oriental Co ranks #249 out of 334 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 74.6%.
Is Fortune Oriental Co's Cyclically Adjusted PB Ratio too high?
Fortune Oriental Co's current Cyclically Adjusted PB Ratio of 2.26 is 73% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 4.40. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.20. Fortune Oriental Co's value of 2.26 is 89.1% above this industry median. Based on the distribution chart, Fortune Oriental Co ranks #249 out of 334 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Fortune Oriental Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Fortune Oriental Co's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Fortune Oriental Co ranks #249 out of 334 companies for Cyclically Adjusted PB Ratio. This places Fortune Oriental Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.20. Fortune Oriental Co's value of 2.26 is 89.1% above this benchmark. Historically, Fortune Oriental Co's own Cyclically Adjusted PB Ratio has ranged from 0.82 to 4.40 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 1.20, Fortune Oriental Co 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.20, based on 334 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. Fortune Oriental Co's current Cyclically Adjusted PB Ratio of 2.26 is 89.1% 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 Fortune Oriental Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortune Oriental Co's current Cyclically Adjusted PB Ratio is 2.26, which is 73% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortune Oriental Co stock overvalued right now?
Fortune Oriental Co (TPE:2491) has a current Cyclically Adjusted PB Ratio of 2.26. The current Cyclically Adjusted PB Ratio is 2.26, which is 73% above median its 10-year median of 1.31 and 89.1% above the Furnishings, Fixtures & Appliances industry median of 1.20. Fortune Oriental Co's overall GF Score™ is 23/100 with 4 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 Fortune Oriental Co (TPE:2491), the current Cyclically Adjusted PB Ratio is 2.26 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.

Fortune Oriental Co Business Description

Address Zhongzheng Road, No. 6, Lane 54, Xindian District, New Taipei City, TWN, 231041
Fortune Oriental Co Ltd is principally engaged in Research and Development, design, manufacture, and sales of electric vehicle power systems. Its operating segments include the Electronics multimedia segment, the Electric Vehicle Department segment, the Optoelectronics segment, and Other segments. It generates the majority of its revenue from the Optoelectronics segment.
23GF Score

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

NT$26.45
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