Taiwan Tea (TPE:2913) Cyclically Adjusted PB Ratio: 0.50 (As of Jul. 22, 2026) — 39% Below Median

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TPE:2913 Taiwan Tea Corp TPE:2913
59 GF Score
Price NT$11.40
GF Value NT$24.31
Valuation Possible Value Trap
! 3 Warning Signs
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What is Taiwan Tea Cyclically Adjusted PB Ratio?

Taiwan Tea TPE:2913 +0.44% 59 Cyclically Adjusted PB Ratio is 0.50 as of Jul. 22, 2026, which is 39% below its 10-year median of 0.82. GuruFocus rates TPE:2913 with a GF Score™ of 59/100 and a GF Value™ of NT$24.31 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,441 Consumer Packaged Goods companies, Taiwan Tea ranks better than 82.1% on this metric.

As of today (2026-07-22), Taiwan Tea's current share price is NT$11.40. Taiwan Tea's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$22.67. Taiwan Tea's Cyclically Adjusted PB Ratio for today is 0.50.

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

TPE:2913' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.82   Max: 1.26
Current: 0.5

During the past years, Taiwan Tea's highest Cyclically Adjusted PB Ratio was 1.26. The lowest was 0.50. And the median was 0.82.

TPE:2913's Cyclically Adjusted PB Ratio is ranked better than
82.1% of 1441 companies
in the Consumer Packaged Goods industry
Industry Median: 1.27 vs TPE:2913: 0.50

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.

Taiwan Tea's adjusted book value per share data for the three months ended in Mar. 2026 was NT$15.679. 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$22.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Tea  (TPE:2913) 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.


Taiwan Tea Cyclically Adjusted PB Ratio Related Terms


Taiwan Tea Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Taiwan Tea'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.

Taiwan Tea Cyclically Adjusted PB Ratio Chart

Taiwan Tea 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 0.89 0.89 0.92 0.87 0.59

Taiwan Tea 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 0.76 0.67 0.61 0.59 0.54

TPE:2913 vs ADM, BG, TSN: Cyclically Adjusted PB Ratio Comparison

For the Farm Products subindustry, Taiwan Tea'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.


Taiwan Tea Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Taiwan Tea's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Taiwan Tea's Cyclically Adjusted PB Ratio falls into.


TPE:2913
59GF Score
Taiwan Tea Corp TPE:2913
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Tea 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.

Taiwan Tea's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.40/22.67
=0.50

* 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.

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

For example, Taiwan Tea'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)
=15.679/330.2130*330.2130
=15.679

Current CPI (Mar. 2026) = 330.2130.

Taiwan Tea Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.715 241.018 28.381
201609 20.901 241.428 28.587
201612 20.855 241.432 28.524
201703 21.598 243.801 29.253
201706 21.140 244.955 28.498
201709 21.136 246.819 28.277
201712 21.151 246.524 28.331
201803 21.105 249.554 27.926
201806 20.475 251.989 26.831
201809 20.444 252.439 26.743
201812 20.445 251.233 26.872
201903 20.391 254.202 26.488
201906 20.150 256.143 25.977
201909 20.115 256.759 25.870
201912 19.954 256.974 25.641
202003 19.902 258.115 25.461
202006 19.869 257.797 25.450
202009 19.823 260.280 25.149
202012 19.990 260.474 25.342
202103 19.993 264.877 24.925
202106 19.950 271.696 24.247
202109 19.914 274.310 23.972
202112 18.579 278.802 22.005
202203 18.542 287.504 21.296
202206 18.467 296.311 20.580
202209 18.419 296.808 20.492
202212 16.438 296.797 18.289
202303 16.358 301.836 17.896
202306 16.290 305.109 17.630
202309 16.240 307.789 17.423
202312 16.083 306.746 17.313
202403 16.027 312.332 16.945
202406 15.961 314.175 16.776
202409 15.912 315.301 16.665
202412 15.866 315.605 16.600
202503 15.831 319.799 16.347
202506 15.790 322.561 16.165
202509 15.759 324.800 16.022
202512 15.721 324.054 16.020
202603 15.679 330.213 15.679

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 0.50 mean?
Taiwan Tea (TPE:2913) has a Cyclically Adjusted PB Ratio of 0.50 as of Jul. 22, 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 Taiwan Tea and its competitors. This is 39% below median its historical median of 0.82. Over the past decade, Taiwan Tea's Cyclically Adjusted PB Ratio has ranged from 0.50 to 1.26. According to the industry distribution chart, Taiwan Tea ranks #258 out of 1441 companies in the Consumer Packaged Goods industry, placing it in the top 17.9%.
Is Taiwan Tea's Cyclically Adjusted PB Ratio too high?
Taiwan Tea's current Cyclically Adjusted PB Ratio of 0.50 is 39% below median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.26. The Consumer Packaged Goods industry median Cyclically Adjusted PB Ratio is 1.27. Taiwan Tea's value of 0.50 is 60.6% below this industry median. Based on the distribution chart, Taiwan Tea ranks #258 out of 1441 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Tea has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Tea's Cyclically Adjusted PB Ratio compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Taiwan Tea ranks #258 out of 1441 companies for Cyclically Adjusted PB Ratio. This places Taiwan Tea in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. Taiwan Tea's value of 0.50 is 60.6% below this benchmark. Historically, Taiwan Tea's own Cyclically Adjusted PB Ratio has ranged from 0.50 to 1.26 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 1.27, Taiwan Tea 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PB Ratio among Consumer Packaged Goods companies is 1.27, based on 1,441 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. Taiwan Tea's current Cyclically Adjusted PB Ratio of 0.50 is 60.6% 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 Taiwan Tea and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Tea's current Cyclically Adjusted PB Ratio is 0.50, which is 39% below median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Tea stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Tea (TPE:2913) is currently considered Possible Value Trap. The stock's GF Value™ is NT$24.31, compared to a current price of NT$11.40 — trading 53.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.50, which is 39% below median its 10-year median of 0.82 and 60.6% below the Consumer Packaged Goods industry median of 1.27. Taiwan Tea's overall GF Score™ is 59/100 with 3 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 Taiwan Tea (TPE:2913), the current Cyclically Adjusted PB Ratio is 0.50 as of Jul. 22, 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 Taiwan Tea (TPE:2913) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Tea stock appears to be undervalued. The current stock price of NT$11.40 is trading 53.1% below its estimated GF Value™ of NT$24.31. GuruFocus considers Taiwan Tea to be Possible Value Trap.

Key valuation signals for TPE:2913:

  • Cyclically Adjusted PB Ratio: 0.50 (39% below median its 10-year median of 0.82)
  • GF Value™: NT$24.31 vs. price of NT$11.40 (53.1% below fair value)
  • GF Score™: 59/100 with 3 warning signs
  • Industry Position: 60.6% below the Consumer Packaged Goods median (#258 of 1441)

No single metric tells the full story. See the TPE:2913 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Tea Business Description

Address No. 3, Zhonghua Road, Hukou Township, Hsinchu, TWN, 303035
Taiwan Tea Corp is responsible for agriculture, fishery, forestry and animal husbandry. The Company's main business activities include manufacturing and sales of tea and related products. The two reportable segments are Retail and trading segment generate maximum revenue from Taiwan: manufacture and sale of tea and other agricultural products, trading of imported goods including food, alcoholic beverages and other products, and operation of recreational tourism; and Asset segment: management of land assets, including land inspections, land and building leases, contract renewals, and related land sale procedures.
59GF Score

Get the complete analysis for TPE:2913

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

NT$11.40
Price
NT$24.31
GF Value