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TST Group HoldingTPE:4439 +1.96%80 Cyclically Adjusted PB Ratio is 1.52 as of Aug. 08, 2026, which is 2% above its 10-year median of 1.49. GuruFocus rates TPE:4439 with a GF Score™ of 80/100 and a GF Value™ of NT$120.59 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 847 Manufacturing - Apparel & Accessories companies, TST Group Holding ranks worse than 63.28% on this metric.
The historical rank and industry rank for TST Group Holding's Cyclically Adjusted PB Ratio or its related term are showing as below:
TPE:4439'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.22 Med: 1.49 Max: 1.5
Current: 1.46
During the past 10 years, TST Group Holding's highest Cyclically Adjusted PB Ratio was 1.50. The lowest was 1.22. And the median was 1.49.
TPE:4439's Cyclically Adjusted PB Ratio is ranked worse than 63.28% of 847
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.95
vs TPE:4439: 1.46
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.
TST Group Holding's adjusted book value per share data of for the fiscal year that ended in Dec25 was NT$88.090. 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$68.59 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
TST Group Holding (TPE:4439) 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.
TST Group Holding Cyclically Adjusted PB Ratio Related Terms
TST Group Holding Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for TST Group Holding'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.
TST Group Holding Cyclically Adjusted PB Ratio Chart
TST Group Holding Cyclically Adjusted PB Ratio Competitor Comparison
For the Textile Manufacturing subindustry, TST Group Holding'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.
TST Group Holding Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TST Group Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where TST Group Holding's Cyclically Adjusted PB Ratio falls into.
TST Group Holding 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.
TST Group Holding's Cyclically Adjusted PB Ratio for today is calculated as
* 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.
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 1.52 mean?
TST Group Holding (TPE:4439) has a Cyclically Adjusted PB Ratio of 1.52 as of Aug. 08, 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 TST Group Holding and its competitors. This is near median its historical median of 1.49. Over the past decade, TST Group Holding's Cyclically Adjusted PB Ratio has ranged from 1.22 to 1.50. According to the industry distribution chart, TST Group Holding ranks #536 out of 847 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 63.3%.
Is TST Group Holding's Cyclically Adjusted PB Ratio too high?
TST Group Holding's current Cyclically Adjusted PB Ratio of 1.52 is near median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 1.22 to a high of 1.50. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.95. TST Group Holding's value of 1.52 is 60% above this industry median. Based on the distribution chart, TST Group Holding ranks #536 out of 847 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, TST Group Holding has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TST Group Holding's Cyclically Adjusted PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, TST Group Holding ranks #536 out of 847 companies for Cyclically Adjusted PB Ratio. This places TST Group Holding in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.95. TST Group Holding's value of 1.52 is 60% above this benchmark. Historically, TST Group Holding's own Cyclically Adjusted PB Ratio has ranged from 1.22 to 1.50 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 0.95, TST Group Holding has consistently been above 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.95, based on 847 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. TST Group Holding's current Cyclically Adjusted PB Ratio of 1.52 is 60% above 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 TST Group Holding and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TST Group Holding's current Cyclically Adjusted PB Ratio is 1.52, which is near median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TST Group Holding stock overvalued right now?
Based on GuruFocus' analysis, TST Group Holding (TPE:4439) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$120.59, compared to a current price of NT$104.00 — trading 13.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.52, which is near median its 10-year median of 1.49 and 60% above the Manufacturing - Apparel & Accessories industry median of 0.95. TST Group Holding's overall GF Score™ is 80/100 with 6 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 TST Group Holding (TPE:4439), the current Cyclically Adjusted PB Ratio is 1.52 as of Aug. 08, 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 TST Group Holding (TPE:4439) Overvalued in 2026?
Based on GuruFocus' analysis, TST Group Holding stock appears to be undervalued.
The current stock price of NT$104.00 is trading 13.8% below its estimated GF Value™ of NT$120.59.
GuruFocus considers TST Group Holding to be Modestly Undervalued.
Key valuation signals for TPE:4439:
Cyclically Adjusted PB Ratio: 1.52 (near median its 10-year median of 1.49)
GF Value™: NT$120.59 vs. price of NT$104.00 (13.8% below fair value)
Industry Position: 60% above the Manufacturing - Apparel & Accessories median (#536 of 847)
No single metric tells the full story. See the TPE:4439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TST Group Holding Ltd is engaged in manufacturing, and trading of cotton fabric in the textile industry. The company's products are raw materials such as greige and colored fabrics for the midstream and upstream of the textile industry. The company's geographical segment includes Taiwan, China, Korea, Singapore, Hong Kong, Cambodia, Vietnam, Thailand, and others. The company derives a majority of its revenue from Taiwan.
80GF Score
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