Taiwan Mobile Co (TPE:3045) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:3045 Taiwan Mobile Co Ltd TPE:3045
89 GF Score
Price NT$124.00
GF Value NT$109.00
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Taiwan Mobile Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Mobile Co  (TPE:3045) 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 Mobile Co Cyclically Adjusted PB Ratio Related Terms


Taiwan Mobile Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Taiwan Mobile 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.

Taiwan Mobile Co Cyclically Adjusted PB Ratio Chart

Taiwan Mobile 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 3.65 3.27 3.27 3.67 3.44

Taiwan Mobile Co 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 3.77 3.55 3.55 3.51 3.70

TPE:3045 vs CASY, WSM, ULTA: Cyclically Adjusted PB Ratio Comparison

For the Specialty Retail subindustry, Taiwan Mobile 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.


Taiwan Mobile Co Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Taiwan Mobile Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:3045
89GF Score
Taiwan Mobile Co Ltd TPE:3045
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Mobile 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.

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

For example, Taiwan Mobile Co'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)
=30.086/333.9520*333.9520
=30.086

Current CPI (Jun. 2026) = 333.9520.

Taiwan Mobile Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.960 241.428 31.759
201612 24.168 241.432 33.430
201703 25.745 243.801 35.265
201706 21.588 244.955 29.431
201709 23.017 246.819 31.143
201712 23.920 246.524 32.403
201803 26.490 249.554 35.449
201806 22.278 251.989 29.524
201809 23.687 252.439 31.336
201812 24.978 251.233 33.202
201903 26.671 254.202 35.038
201906 23.556 256.143 30.712
201909 25.063 256.759 32.598
201912 26.518 256.974 34.462
202003 27.103 258.115 35.066
202006 23.660 257.797 30.649
202009 24.770 260.280 31.781
202012 25.586 260.474 32.804
202103 26.794 264.877 33.781
202106 23.563 271.696 28.962
202109 24.723 274.310 30.098
202112 26.033 278.802 31.183
202203 27.066 287.504 31.439
202206 23.381 296.311 26.351
202209 24.573 296.808 27.648
202212 25.829 296.797 29.062
202303 26.991 301.836 29.863
202306 23.361 305.109 25.569
202309 24.317 307.789 26.384
202312 30.876 306.746 33.614
202403 32.070 312.332 34.290
202406 28.316 314.175 30.098
202409 29.619 315.301 31.371
202412 31.056 315.605 32.861
202503 32.625 319.799 34.069
202506 28.623 322.561 29.634
202509 29.785 324.800 30.624
202512 31.261 324.054 32.216
202603 32.946 330.213 33.319
202606 30.086 333.952 30.086

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.

Is Taiwan Mobile Co (TPE:3045) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Mobile Co stock appears to be overvalued. The current stock price of NT$124.00 is trading 13.8% above its estimated GF Value™ of NT$109.00. GuruFocus considers Taiwan Mobile Co to be Modestly Overvalued.

Key valuation signals for TPE:3045:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$109.00 vs. price of NT$124.00 (13.8% above fair value)
  • GF Score™: 89/100 with 9 warning signs

No single metric tells the full story. See the TPE:3045 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Mobile Co Business Description

Address No. 88, YanChang Road, 12th Floor, Xinyi District, Taipei, TWN, 110
Taiwan Mobile Co Ltd is engaged in providing wireless communication services, the sale of mobile phones, accessories, games, ebooks, and value-added services. The reportable segments of the company are Telecommunication, Retail, Cable television and broadband, and others. The Telecommunication segment engages in providing mobile communication services, data mobile services, and fixed line services; the Retail segment in providing online shopping, TV shopping, and catalog shopping; the Cable television and broadband segment in providing pay TV and cable broadband services; and others in business other than telecommunication, retail, and cable television. The company derives the majority of its revenue from the Retail segment.
89GF Score

Get the complete analysis for TPE:3045

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

NT$124.00
Price
NT$109.00
GF Value