Shin Zu Shing Co (TPE:3376) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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:3376 Shin Zu Shing Co Ltd TPE:3376
89 GF Score
Price NT$177.00
GF Value NT$227.55
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Shin Zu Shing Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shin Zu Shing Co  (TPE:3376) 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.


Shin Zu Shing Co Cyclically Adjusted PB Ratio Related Terms


Shin Zu Shing Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shin Zu Shing 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.

Shin Zu Shing Co Cyclically Adjusted PB Ratio Chart

Shin Zu Shing 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 1.28 1.00 1.44 2.37 2.23

Shin Zu Shing 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 2.41 2.90 2.26 2.10 2.16

TPE:3376 vs ATI, CRS, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, Shin Zu Shing 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.


Shin Zu Shing Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shin Zu Shing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shin Zu Shing Co's Cyclically Adjusted PB Ratio falls into.


TPE:3376
89GF Score
Shin Zu Shing Co Ltd TPE:3376
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shin Zu Shing 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.

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

For example, Shin Zu Shing 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)
=84.499/333.9520*333.9520
=84.499

Current CPI (Jun. 2026) = 333.9520.

Shin Zu Shing Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 62.084 241.428 85.877
201612 64.693 241.432 89.484
201703 64.095 243.801 87.796
201706 62.879 244.955 85.724
201709 64.796 246.819 87.671
201712 65.804 246.524 89.141
201803 66.410 249.554 88.870
201806 65.606 251.989 86.945
201809 67.366 252.439 89.119
201812 69.899 251.233 92.913
201903 71.350 254.202 93.734
201906 69.167 256.143 90.178
201909 71.161 256.759 92.555
201912 72.998 256.974 94.865
202003 74.475 258.115 96.357
202006 71.553 257.797 92.690
202009 77.935 260.280 99.994
202012 81.281 260.474 104.210
202103 82.852 264.877 104.458
202106 84.112 271.696 103.385
202109 78.318 274.310 95.346
202112 80.046 278.802 95.880
202203 82.453 287.504 95.774
202206 79.328 296.311 89.405
202209 83.535 296.808 93.989
202212 83.935 296.797 94.443
202303 84.674 301.836 93.683
202306 79.433 305.109 86.942
202309 81.625 307.789 88.563
202312 82.205 306.746 89.496
202403 84.420 312.332 90.264
202406 82.765 314.175 87.975
202409 90.226 315.301 95.563
202412 91.794 315.605 97.130
202503 93.099 319.799 97.219
202506 84.167 322.561 87.139
202509 86.209 324.800 88.638
202512 87.810 324.054 90.492
202603 88.865 330.213 89.871
202606 84.499 333.952 84.499

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 Shin Zu Shing Co (TPE:3376) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Zu Shing Co stock appears to be undervalued. The current stock price of NT$177.00 is trading 22.2% below its estimated GF Value™ of NT$227.55. GuruFocus considers Shin Zu Shing Co to be Modestly Undervalued.

Key valuation signals for TPE:3376:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$227.55 vs. price of NT$177.00 (22.2% below fair value)
  • GF Score™: 89/100 with 4 warning signs

No single metric tells the full story. See the TPE:3376 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Zu Shing Co Business Description

Address No. 174, Junying Street, Shulin District, New Taipei City, TWN, 238
Shin Zu Shing Co Ltd is engaged in research and development, design, production, assembly, testing, manufacturing, and sales of various precision springs, stamping parts, hinge components, and metal injection molding (MIM) products. It develops hinge components used in notebook computers, LCD monitors, digital cameras, and other electronic product parts. Its segments are Hinge products, which generate maximum revenue and engage in the design, manufacture, testing, and sales of hinge products for various components, including NB, LCD, and 3C hinge products and other parts such as springs and stamping parts for different types of laptops or consumer electronic products, as well as Milling products and MIM products. Geographically, it generates maximum revenue from Asia.
89GF Score

Get the complete analysis for TPE:3376

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

NT$177.00
Price
NT$227.55
GF Value