Bank Of Kaohsiung (TPE:2836) Cyclically Adjusted PB Ratio: 0.87 (As of Sep. 09, 2026) — Near Median

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TPE:2836 Bank Of Kaohsiung Ltd TPE:2836
66 GF Score
Price NT$12.35
GF Value NT$11.69
Valuation Fairly Valued
! 4 Warning Signs
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What is Bank Of Kaohsiung Cyclically Adjusted PB Ratio?

Bank Of Kaohsiung TPE:2836 +0.82% 66 Cyclically Adjusted PB Ratio is 0.87 as of Sep. 09, 2026, which is 5% above its 10-year median of 0.83. GuruFocus rates TPE:2836 with a GF Score™ of 66/100 and a GF Value™ of NT$11.69 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,274 Banks companies, Bank Of Kaohsiung ranks better than 72.68% on this metric.

As of today (2026-09-09), Bank Of Kaohsiung's current share price is NT$12.35. Bank Of Kaohsiung's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$14.13. Bank Of Kaohsiung's Cyclically Adjusted PB Ratio for today is 0.87.

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

TPE:2836' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 0.83   Max: 1.07
Current: 0.87

During the past years, Bank Of Kaohsiung's highest Cyclically Adjusted PB Ratio was 1.07. The lowest was 0.60. And the median was 0.83.

TPE:2836's Cyclically Adjusted PB Ratio is ranked better than
72.68% of 1274 companies
in the Banks industry
Industry Median: 1.29 vs TPE:2836: 0.87

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.

Bank Of Kaohsiung's adjusted book value per share data for the three months ended in Mar. 2026 was NT$14.330. 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$14.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Of Kaohsiung  (TPE:2836) 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.


Bank Of Kaohsiung Cyclically Adjusted PB Ratio Related Terms


Bank Of Kaohsiung Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bank Of Kaohsiung'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.

Bank Of Kaohsiung Cyclically Adjusted PB Ratio Chart

Bank Of Kaohsiung 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 0.85 0.85 0.84 0.82 0.88

Bank Of Kaohsiung 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 0.80 0.84 0.85 0.88 0.84

TPE:2836 vs USB, PNC: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Bank Of Kaohsiung'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.


Bank Of Kaohsiung Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank Of Kaohsiung's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:2836
66GF Score
Bank Of Kaohsiung Ltd TPE:2836
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank Of Kaohsiung 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.

Bank Of Kaohsiung's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=12.35/14.13
=0.87

* 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.

Bank Of Kaohsiung's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Bank Of Kaohsiung'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)
=14.33/330.2130*330.2130
=14.330

Current CPI (Mar. 2026) = 330.2130.

Bank Of Kaohsiung Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.988 241.018 15.054
201609 11.108 241.428 15.193
201612 11.092 241.432 15.171
201703 10.547 243.801 14.285
201706 10.233 244.955 13.795
201709 10.352 246.819 13.850
201712 10.359 246.524 13.876
201803 10.443 249.554 13.818
201806 10.452 251.989 13.697
201809 10.579 252.439 13.838
201812 10.547 251.233 13.863
201903 10.856 254.202 14.102
201906 11.010 256.143 14.194
201909 11.168 256.759 14.363
201912 11.266 256.974 14.477
202003 11.088 258.115 14.185
202006 11.603 257.797 14.862
202009 11.737 260.280 14.891
202012 11.839 260.474 15.009
202103 12.272 264.877 15.299
202106 12.363 271.696 15.026
202109 12.531 274.310 15.085
202112 12.620 278.802 14.947
202203 12.330 287.504 14.162
202206 11.274 296.311 12.564
202209 11.110 296.808 12.360
202212 11.452 296.797 12.741
202303 12.199 301.836 13.346
202306 12.317 305.109 13.330
202309 12.337 307.789 13.236
202312 13.262 306.746 14.277
202403 12.877 312.332 13.614
202406 12.746 314.175 13.397
202409 13.172 315.301 13.795
202412 13.252 315.605 13.865
202503 13.603 319.799 14.046
202506 13.600 322.561 13.923
202509 14.401 324.800 14.641
202512 14.583 324.054 14.860
202603 14.330 330.213 14.330

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 0.87 mean?
Bank Of Kaohsiung (TPE:2836) has a Cyclically Adjusted PB Ratio of 0.87 as of Sep. 09, 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 Bank Of Kaohsiung and its competitors. This is near median its historical median of 0.83. Over the past decade, Bank Of Kaohsiung's Cyclically Adjusted PB Ratio has ranged from 0.60 to 1.07. According to the industry distribution chart, Bank Of Kaohsiung ranks #348 out of 1274 companies in the Banks industry, placing it in the top 27.3%.
Is Bank Of Kaohsiung's Cyclically Adjusted PB Ratio too high?
Bank Of Kaohsiung's current Cyclically Adjusted PB Ratio of 0.87 is near median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.07. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. Bank Of Kaohsiung's value of 0.87 is 32.6% below this industry median. Based on the distribution chart, Bank Of Kaohsiung ranks #348 out of 1274 companies in the Banks industry, which is above the industry midpoint. Overall, Bank Of Kaohsiung has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank Of Kaohsiung's Cyclically Adjusted PB Ratio compare to USB and PNC?
According to the Banks industry distribution chart, Bank Of Kaohsiung ranks #348 out of 1274 companies for Cyclically Adjusted PB Ratio. This puts Bank Of Kaohsiung in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.29. Bank Of Kaohsiung's value of 0.87 is 32.6% below this benchmark. Historically, Bank Of Kaohsiung's own Cyclically Adjusted PB Ratio has ranged from 0.60 to 1.07 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 1.29, Bank Of Kaohsiung has consistently been below 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.29, based on 1,274 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. Bank Of Kaohsiung's current Cyclically Adjusted PB Ratio of 0.87 is 32.6% below 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 Bank Of Kaohsiung and its competitors. For the Banks 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. Bank Of Kaohsiung's current Cyclically Adjusted PB Ratio is 0.87, which is near median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Of Kaohsiung stock overvalued right now?
Based on GuruFocus' analysis, Bank Of Kaohsiung (TPE:2836) is currently considered Fairly Valued. The stock's GF Value™ is NT$11.69, compared to a current price of NT$12.35 — trading 5.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.87, which is near median its 10-year median of 0.83 and 32.6% below the Banks industry median of 1.29. Bank Of Kaohsiung's overall GF Score™ is 66/100 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 Bank Of Kaohsiung (TPE:2836), the current Cyclically Adjusted PB Ratio is 0.87 as of Sep. 09, 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 Bank Of Kaohsiung (TPE:2836) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Of Kaohsiung stock appears to be overvalued. The current stock price of NT$12.35 is trading 5.6% above its estimated GF Value™ of NT$11.69. GuruFocus considers Bank Of Kaohsiung to be Fairly Valued.

Key valuation signals for TPE:2836:

  • Cyclically Adjusted PB Ratio: 0.87 (near median its 10-year median of 0.83)
  • GF Value™: NT$11.69 vs. price of NT$12.35 (5.6% above fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 32.6% below the Banks median (#348 of 1274)

No single metric tells the full story. See the TPE:2836 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bank Of Kaohsiung Business Description

Other Exchanges 2836A.PFD:Taiwan
Address No.168, Po Ai 2nd Road, Zuoying District, Kaohsiung, TWN
Bank Of Kaohsiung Ltd operates as a commercial bank. Its business activities are Agent for the Kaohsiung City Treasury; Management of Kaohsiung Municipal Bond; Other relevant commercial bank businesses authorized under the Banking Act; Savings and trust operations; and Other relevant businesses authorized by the Government authorities. Its segments include DBU, which engages in deposit taking and underwriting of loans in the domestic market; OBU& Finance Administration Department, which engages in the investment and trading of securities and offshore deposits and loans; and Other segments, which engages in public treasury, trust and insurance agency businesses. It derives the majority of the revenue from the DBU segment.
66GF Score

Get the complete analysis for TPE:2836

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

NT$12.35
Price
NT$11.69
GF Value