Quang Viet Enterprise Co (TPE:4438) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:4438 Quang Viet Enterprise Co Ltd TPE:4438
74 GF Score
Price NT$56.50
GF Value NT$106.97
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Quang Viet Enterprise Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Quang Viet Enterprise Co  (TPE:4438) 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.


Quang Viet Enterprise Co Cyclically Adjusted PB Ratio Related Terms


Quang Viet Enterprise Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Quang Viet Enterprise 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.

Quang Viet Enterprise Co Cyclically Adjusted PB Ratio Chart

Quang Viet Enterprise 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 - - 1.34 1.11 0.81

Quang Viet Enterprise 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 0.84 0.76 0.84 0.60 0.63

TPE:4438 vs RL, LEVI, VFC: Cyclically Adjusted PB Ratio Comparison

For the Apparel Manufacturing subindustry, Quang Viet Enterprise 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.


Quang Viet Enterprise Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Quang Viet Enterprise Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Quang Viet Enterprise Co's Cyclically Adjusted PB Ratio falls into.


TPE:4438
74GF Score
Quang Viet Enterprise Co Ltd TPE:4438
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Quang Viet Enterprise 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.

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

For example, Quang Viet Enterprise 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)
=95.184/333.9520*333.9520
=95.184

Current CPI (Jun. 2026) = 333.9520.

Quang Viet Enterprise Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 49.581 241.428 68.582
201612 63.025 241.432 87.177
201703 61.808 243.801 84.663
201706 57.560 244.955 78.473
201709 63.540 246.819 85.971
201712 63.066 246.524 85.432
201803 62.474 249.554 83.602
201806 65.536 251.989 86.853
201809 70.931 252.439 93.835
201812 71.481 251.233 95.016
201903 71.379 254.202 93.773
201906 68.869 256.143 89.789
201909 74.947 256.759 97.479
201912 74.754 256.974 97.147
202003 73.363 258.115 94.918
202006 67.919 257.797 87.983
202009 70.563 260.280 90.536
202012 78.181 260.474 100.235
202103 77.034 264.877 97.123
202106 79.600 271.696 97.839
202109 79.206 274.310 96.427
202112 80.465 278.802 96.382
202203 82.852 287.504 96.237
202206 82.370 296.311 92.834
202209 93.882 296.808 105.631
202212 93.656 296.797 105.380
202303 93.704 301.836 103.674
202306 91.080 305.109 99.690
202309 99.070 307.789 107.491
202312 95.287 306.746 103.738
202403 96.595 312.332 103.281
202406 93.227 314.175 99.096
202409 97.062 315.301 102.804
202412 97.327 315.605 102.985
202503 96.929 319.799 101.219
202506 84.684 322.561 87.675
202509 98.810 324.800 101.594
202512 93.196 324.054 96.043
202603 95.102 330.213 96.179
202606 95.184 333.952 95.184

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 Quang Viet Enterprise Co (TPE:4438) Overvalued in 2026?

Based on GuruFocus' analysis, Quang Viet Enterprise Co stock appears to be undervalued. The current stock price of NT$56.50 is trading 47.2% below its estimated GF Value™ of NT$106.97. GuruFocus considers Quang Viet Enterprise Co to be Significantly Undervalued.

Key valuation signals for TPE:4438:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$106.97 vs. price of NT$56.50 (47.2% below fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the TPE:4438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Quang Viet Enterprise Co Business Description

Address No. 607, Ruiguang Road, 6th Floor, Neihu District, Taipei, TWN, 11492
Quang Viet Enterprise Co Ltd is mainly engaged in the manufacturing, processing, and sale of garments, raw materials such as feather and down, and medical products. Its products include Down Jackets, Fiberfill Jackets, Light Jackets and Parka, Knitwear, and others. The Group operates through three reportable segments: Garment Business, which generates the maximum revenue, Down Feather Business, and Medical Business. The Company operates in North America, which generates the maximum revenue, Mainland China, Europe, Japan, and other regions.
74GF Score

Get the complete analysis for TPE:4438

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

NT$56.50
Price
NT$106.97
GF Value