President Chain Store (TPE:2912) Cyclically Adjusted PB Ratio: 5.18 (As of Sep. 12, 2026) — 34% Below Median

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TPE:2912 President Chain Store Corp TPE:2912
90 GF Score
Price NT$216.50
GF Value NT$283.97
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is President Chain Store Cyclically Adjusted PB Ratio?

President Chain Store TPE:2912 -0.92% 90 Cyclically Adjusted PB Ratio is 5.18 as of Sep. 12, 2026, which is 34% below its 10-year median of 7.83. GuruFocus rates TPE:2912 with a GF Score™ of 90/100 and a GF Value™ of NT$283.97 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 218 Retail - Defensive companies, President Chain Store ranks worse than 85.78% on this metric.

As of today (2026-09-12), President Chain Store's current share price is NT$216.50. President Chain Store's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$41.80. President Chain Store's Cyclically Adjusted PB Ratio for today is 5.18.

The historical rank and industry rank for President Chain Store's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:2912' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.13   Med: 7.83   Max: 12.39
Current: 5.18

During the past years, President Chain Store's highest Cyclically Adjusted PB Ratio was 12.39. The lowest was 5.13. And the median was 7.83.

TPE:2912's Cyclically Adjusted PB Ratio is ranked worse than
85.78% of 218 companies
in the Retail - Defensive industry
Industry Median: 1.63 vs TPE:2912: 5.18

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.

President Chain Store's adjusted book value per share data for the three months ended in Jun. 2026 was NT$39.415. 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$41.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


President Chain Store  (TPE:2912) 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.


President Chain Store Cyclically Adjusted PB Ratio Related Terms


President Chain Store Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for President Chain Store'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.

President Chain Store Cyclically Adjusted PB Ratio Chart

President Chain Store 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 8.47 7.74 7.27 6.79 5.50

President Chain Store 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 6.44 6.17 5.50 5.45 5.34

TPE:2912 vs KR, SFM: Cyclically Adjusted PB Ratio Comparison

For the Grocery Stores subindustry, President Chain Store'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.


President Chain Store Cyclically Adjusted PB Ratio vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, President Chain Store's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where President Chain Store's Cyclically Adjusted PB Ratio falls into.


TPE:2912
90GF Score
President Chain Store Corp TPE:2912
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

President Chain Store 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.

President Chain Store's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=216.50/41.80
=5.18

* 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.

President Chain Store's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, President Chain Store'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)
=39.415/333.9520*333.9520
=39.415

Current CPI (Jun. 2026) = 333.9520.

President Chain Store Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.820 241.428 35.715
201612 27.526 241.432 38.074
201703 29.914 243.801 40.975
201706 24.738 244.955 33.726
201709 27.768 246.819 37.571
201712 48.685 246.524 65.951
201803 50.624 249.554 67.745
201806 29.136 251.989 38.613
201809 31.757 252.439 42.011
201812 33.909 251.233 45.074
201903 36.950 254.202 48.542
201906 30.864 256.143 40.240
201909 33.398 256.759 43.439
201912 34.842 256.974 45.279
202003 37.419 258.115 48.413
202006 30.407 257.797 39.389
202009 32.921 260.280 42.239
202012 34.647 260.474 44.421
202103 36.796 264.877 46.392
202106 29.069 271.696 35.730
202109 30.561 274.310 37.206
202112 32.861 278.802 39.361
202203 35.651 287.504 41.411
202206 29.470 296.311 33.214
202209 33.259 296.808 37.421
202212 35.070 296.797 39.460
202303 37.663 301.836 41.670
202306 31.601 305.109 34.588
202309 35.431 307.789 38.443
202312 36.402 306.746 39.631
202403 40.442 312.332 43.241
202406 35.133 314.175 37.345
202409 37.418 315.301 39.631
202412 40.666 315.605 43.030
202503 43.866 319.799 45.807
202506 33.932 322.561 35.130
202509 37.899 324.800 38.967
202512 40.939 324.054 42.189
202603 44.704 330.213 45.210
202606 39.415 333.952 39.415

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 5.18 mean?
President Chain Store (TPE:2912) has a Cyclically Adjusted PB Ratio of 5.18 as of Sep. 12, 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 President Chain Store and its competitors. This is 34% below median its historical median of 7.83. Over the past decade, President Chain Store's Cyclically Adjusted PB Ratio has ranged from 5.13 to 12.39. According to the industry distribution chart, President Chain Store ranks #187 out of 218 companies in the Retail - Defensive industry, placing it in the top 85.8%.
Is President Chain Store's Cyclically Adjusted PB Ratio too high?
President Chain Store's current Cyclically Adjusted PB Ratio of 5.18 is 34% below median its 10-year median of 7.83. Over the past 10 years, this metric has ranged from a low of 5.13 to a high of 12.39. The Retail - Defensive industry median Cyclically Adjusted PB Ratio is 1.63. President Chain Store's value of 5.18 is 217.8% above this industry median. Based on the distribution chart, President Chain Store ranks #187 out of 218 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, President Chain Store has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does President Chain Store's Cyclically Adjusted PB Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, President Chain Store ranks #187 out of 218 companies for Cyclically Adjusted PB Ratio. This places President Chain Store in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.63. President Chain Store's value of 5.18 is 217.8% above this benchmark. Historically, President Chain Store's own Cyclically Adjusted PB Ratio has ranged from 5.13 to 12.39 over the past decade. While the company's 10-year median is 7.83 vs. the industry median of 1.63, President Chain Store 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 Retail - Defensive company?
The median Cyclically Adjusted PB Ratio among Retail - Defensive companies is 1.63, based on 218 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. President Chain Store's current Cyclically Adjusted PB Ratio of 5.18 is 217.8% 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 President Chain Store and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PB Ratio is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. President Chain Store's current Cyclically Adjusted PB Ratio is 5.18, which is 34% below median its own 10-year median of 7.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is President Chain Store stock overvalued right now?
Based on GuruFocus' analysis, President Chain Store (TPE:2912) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$283.97, compared to a current price of NT$216.50 — trading 23.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.18, which is 34% below median its 10-year median of 7.83 and 217.8% above the Retail - Defensive industry median of 1.63. President Chain Store's overall GF Score™ is 90/100 with 6 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 President Chain Store (TPE:2912), the current Cyclically Adjusted PB Ratio is 5.18 as of Sep. 12, 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 President Chain Store (TPE:2912) Overvalued in 2026?

Based on GuruFocus' analysis, President Chain Store stock appears to be undervalued. The current stock price of NT$216.50 is trading 23.8% below its estimated GF Value™ of NT$283.97. GuruFocus considers President Chain Store to be Modestly Undervalued.

Key valuation signals for TPE:2912:

  • Cyclically Adjusted PB Ratio: 5.18 (34% below median its 10-year median of 7.83)
  • GF Value™: NT$283.97 vs. price of NT$216.50 (23.8% below fair value)
  • GF Score™: 90/100 with 6 warning signs
  • Industry Position: 217.8% above the Retail - Defensive median (#187 of 218)

No single metric tells the full story. See the TPE:2912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


President Chain Store Business Description

Address 65 Tung Hsing Road, 2nd Floor, Taipei, TWN, 105
President Chain Store Corporation, along with its subsidiaries, is engaged in managing convenience stores, restaurants, drugstores, department stores, supermarkets, and online shopping stores under different brands. Its offerings include food, beverages, coffee, daily commodities, cosmetics and health care products. The group operates in Taiwan, Mainland China, the Philippines, and Japan. Its reportable segments are Convenience stores, Retail business group, Logistics business group, and Others. The majority of the company's revenue is derived from the Convenience Stores segment. Geographically, the company derives the maximum revenue from Taiwan, followed by other regions.
90GF Score

Get the complete analysis for TPE:2912

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

NT$216.50
Price
NT$283.97
GF Value