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U-Ming Marine TransportTPE:2606 +1.22%90 Cyclically Adjusted PB Ratio is 1.65 as of Aug. 15, 2026, which is 20% above its 10-year median of 1.38. GuruFocus rates TPE:2606 with a GF Score™ of 90/100 and a GF Value™ of NT$60.43 (Fairly Valued). The stock has 8 warning signs investors should review. Among 727 Transportation companies, U-Ming Marine Transport ranks worse than 62.04% on this metric.
The historical rank and industry rank for U-Ming Marine Transport's Cyclically Adjusted PB Ratio or its related term are showing as below:
TPE:2606'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75 Med: 1.38 Max: 2.58
Current: 1.65
During the past years, U-Ming Marine Transport's highest Cyclically Adjusted PB Ratio was 2.58. The lowest was 0.75. And the median was 1.38.
TPE:2606's Cyclically Adjusted PB Ratio is ranked worse than 62.04% of 727
companies
in the Transportation industry
Industry Median: 1.29
vs TPE:2606: 1.65
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.
U-Ming Marine Transport's adjusted book value per share data for the three months ended in Mar. 2026 was NT$48.025. 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$40.30 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
U-Ming Marine Transport (TPE:2606) 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.
U-Ming Marine Transport Cyclically Adjusted PB Ratio Related Terms
U-Ming Marine Transport Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for U-Ming Marine Transport'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.
U-Ming Marine Transport Cyclically Adjusted PB Ratio Chart
U-Ming Marine Transport Cyclically Adjusted PB Ratio Competitor Comparison
For the Marine Shipping subindustry, U-Ming Marine Transport'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.
U-Ming Marine Transport Cyclically Adjusted PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, U-Ming Marine Transport's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where U-Ming Marine Transport's Cyclically Adjusted PB Ratio falls into.
U-Ming Marine Transport 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.
* 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.
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 1.65 mean?
U-Ming Marine Transport (TPE:2606) has a Cyclically Adjusted PB Ratio of 1.65 as of Aug. 15, 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 U-Ming Marine Transport and its competitors. This is 20% above median its historical median of 1.38. Over the past decade, U-Ming Marine Transport's Cyclically Adjusted PB Ratio has ranged from 0.75 to 2.58. According to the industry distribution chart, U-Ming Marine Transport ranks #451 out of 727 companies in the Transportation industry, placing it in the top 62%.
Is U-Ming Marine Transport's Cyclically Adjusted PB Ratio too high?
U-Ming Marine Transport's current Cyclically Adjusted PB Ratio of 1.65 is 20% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 2.58. The Transportation industry median Cyclically Adjusted PB Ratio is 1.29. U-Ming Marine Transport's value of 1.65 is 27.9% above this industry median. Based on the distribution chart, U-Ming Marine Transport ranks #451 out of 727 companies in the Transportation industry, which is below the industry midpoint. Overall, U-Ming Marine Transport has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does U-Ming Marine Transport's Cyclically Adjusted PB Ratio compare to competitors?
According to the Transportation industry distribution chart, U-Ming Marine Transport ranks #451 out of 727 companies for Cyclically Adjusted PB Ratio. This places U-Ming Marine Transport in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. U-Ming Marine Transport's value of 1.65 is 27.9% above this benchmark. Historically, U-Ming Marine Transport's own Cyclically Adjusted PB Ratio has ranged from 0.75 to 2.58 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 1.29, U-Ming Marine Transport 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.29, based on 727 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. U-Ming Marine Transport's current Cyclically Adjusted PB Ratio of 1.65 is 27.9% 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 U-Ming Marine Transport and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. U-Ming Marine Transport's current Cyclically Adjusted PB Ratio is 1.65, which is 20% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is U-Ming Marine Transport stock overvalued right now?
Based on GuruFocus' analysis, U-Ming Marine Transport (TPE:2606) is currently considered Fairly Valued. The stock's GF Value™ is NT$60.43, compared to a current price of NT$66.30 — trading 9.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.65, which is 20% above median its 10-year median of 1.38 and 27.9% above the Transportation industry median of 1.29. U-Ming Marine Transport's overall GF Score™ is 90/100 with 8 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 U-Ming Marine Transport (TPE:2606), the current Cyclically Adjusted PB Ratio is 1.65 as of Aug. 15, 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 U-Ming Marine Transport (TPE:2606) Overvalued in 2026?
Based on GuruFocus' analysis, U-Ming Marine Transport stock appears to be overvalued.
The current stock price of NT$66.30 is trading 9.7% above its estimated GF Value™ of NT$60.43.
GuruFocus considers U-Ming Marine Transport to be Fairly Valued.
Key valuation signals for TPE:2606:
Cyclically Adjusted PB Ratio: 1.65 (20% above median its 10-year median of 1.38)
GF Value™: NT$60.43 vs. price of NT$66.30 (9.7% above fair value)
Industry Position: 27.9% above the Transportation median (#451 of 727)
No single metric tells the full story. See the TPE:2606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
U-Ming Marine Transport Corp is a transportation and logistics company, domiciled in Taiwan. The company organizes itself into two segments: marine transportation and investment. The marine transportation segment, which contributes the vast majority of revenue, owns and operates a fleet of vessels to transport dry bulk cargo, including cement, oil, coal, iron ore, steel, grain, and other commodities.
90GF Score
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