Jourdeness Group (TPE:4190) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:4190 Jourdeness Group Ltd TPE:4190
71 GF Score
Price NT$25.30
GF Value NT$39.82
Valuation Possible Value Trap
! 4 Warning Signs
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What is Jourdeness Group Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Jourdeness Group  (TPE:4190) 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.


Jourdeness Group Cyclically Adjusted PB Ratio Related Terms


Jourdeness Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Jourdeness Group'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.

Jourdeness Group Cyclically Adjusted PB Ratio Chart

Jourdeness Group 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 2.64 2.35 1.64 1.23 0.80

Jourdeness Group 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 0.96 0.92 0.82 0.74 0.69

TPE:4190 vs PG, CL, EL: Cyclically Adjusted PB Ratio Comparison

For the Household & Personal Products subindustry, Jourdeness Group'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.


Jourdeness Group Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

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

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


TPE:4190
71GF Score
Jourdeness Group Ltd TPE:4190
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jourdeness Group 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.

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

For example, Jourdeness Group'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)
=27.213/333.9520*333.9520
=27.213

Current CPI (Jun. 2026) = 333.9520.

Jourdeness Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.633 241.428 31.307
201612 24.057 241.432 33.276
201703 24.407 243.801 33.432
201706 21.947 244.955 29.921
201709 23.169 246.819 31.348
201712 23.942 246.524 32.433
201803 26.229 249.554 35.100
201806 26.058 251.989 34.534
201809 28.688 252.439 37.951
201812 31.864 251.233 42.355
201903 33.761 254.202 44.353
201906 31.435 256.143 40.984
201909 31.965 256.759 41.575
201912 34.570 256.974 44.926
202003 34.053 258.115 44.058
202006 30.477 257.797 39.480
202009 32.510 260.280 41.712
202012 35.445 260.474 45.444
202103 36.539 264.877 46.068
202106 35.888 271.696 44.111
202109 36.134 274.310 43.990
202112 38.528 278.802 46.149
202203 35.520 287.504 41.258
202206 36.726 296.311 41.391
202209 36.586 296.808 41.165
202212 36.228 296.797 40.763
202303 34.847 301.836 38.555
202306 35.780 305.109 39.162
202309 35.925 307.789 38.979
202312 34.601 306.746 37.670
202403 32.369 312.332 34.610
202406 31.441 314.175 33.420
202409 31.119 315.301 32.960
202412 29.874 315.605 31.611
202503 29.486 319.799 30.791
202506 26.176 322.561 27.100
202509 26.265 324.800 27.005
202512 27.602 324.054 28.445
202603 27.204 330.213 27.512
202606 27.213 333.952 27.213

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 Jourdeness Group (TPE:4190) Overvalued in 2026?

Based on GuruFocus' analysis, Jourdeness Group stock appears to be undervalued. The current stock price of NT$25.30 is trading 36.5% below its estimated GF Value™ of NT$39.82. GuruFocus considers Jourdeness Group to be Possible Value Trap.

Key valuation signals for TPE:4190:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$39.82 vs. price of NT$25.30 (36.5% below fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the TPE:4190 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jourdeness Group Business Description

Address No. 816, Sector. 1, Zhongqing Road, North District, Taichung, TWN, 404
Jourdeness Group Ltd is engaged in the beauty and body spa business (except medical cosmetology), manufacturing and sale of cosmetics, equipment rental and operating a tourism factory. Its business units include Jourdeness International, Jourdeness (Guangzhou) Cosmetics, Jourdeness Enterprise Management, and MY. It earns a vast majority of revenues from the rendering of beauty and body spa course services, and the sale of goods. Geographically, it derives maximum revenue from Taiwan, China, and other regions.
71GF Score

Get the complete analysis for TPE:4190

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

NT$25.30
Price
NT$39.82
GF Value