Nan Pao Resins Chemical Co (TPE:4766) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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TPE:4766 Nan Pao Resins Chemical Co Ltd TPE:4766
93 GF Score
Price NT$320.00
GF Value NT$328.52
Valuation Fairly Valued
! 3 Warning Signs
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What is Nan Pao Resins Chemical Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nan Pao Resins Chemical Co  (TPE:4766) 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.


Nan Pao Resins Chemical Co Cyclically Adjusted PB Ratio Related Terms


Nan Pao Resins Chemical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nan Pao Resins Chemical 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.

Nan Pao Resins Chemical Co Cyclically Adjusted PB Ratio Chart

Nan Pao Resins Chemical 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 0.00 0.00 0.00 0.00 2.90

Nan Pao Resins Chemical Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.00 0.00 0.00 2.90 0.00

TPE:4766 vs LIN, SHW, ECL: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Nan Pao Resins Chemical 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.


Nan Pao Resins Chemical Co Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nan Pao Resins Chemical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nan Pao Resins Chemical Co's Cyclically Adjusted PB Ratio falls into.


TPE:4766
93GF Score
Nan Pao Resins Chemical Co Ltd TPE:4766
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nan Pao Resins Chemical 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.

Nan Pao Resins Chemical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nan Pao Resins Chemical Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=107.987/330.2130*330.2130
=107.987

Current CPI (Mar. 2026) = 330.2130.

Nan Pao Resins Chemical Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 49.584 234.812 69.729
201512 58.276 236.525 81.359
201612 64.350 241.432 88.013
201703 0.000 243.801 0.000
201706 64.604 244.955 87.090
201709 0.000 246.819 0.000
201712 68.654 246.524 91.960
201803 82.348 249.554 108.964
201806 80.706 251.989 105.759
201809 81.445 252.439 106.537
201812 79.851 251.233 104.954
201903 80.839 254.202 105.011
201906 79.576 256.143 102.587
201909 80.894 256.759 104.036
201912 80.789 256.974 103.814
202003 80.453 258.115 102.926
202006 76.276 257.797 97.702
202009 78.982 260.280 100.203
202012 85.151 260.474 107.949
202103 94.359 264.877 117.634
202106 112.140 271.696 136.292
202109 116.186 274.310 139.864
202112 126.714 278.802 150.080
202203 127.914 287.504 146.916
202206 124.057 296.311 138.251
202209 123.586 296.808 137.495
202212 120.694 296.797 134.283
202303 111.102 301.836 121.547
202306 102.912 305.109 111.379
202309 107.421 307.789 115.247
202312 109.290 306.746 117.651
202403 101.392 312.332 107.197
202406 109.988 314.175 115.603
202409 115.223 315.301 120.672
202412 120.192 315.605 125.755
202503 106.317 319.799 109.779
202506 97.583 322.561 99.898
202509 105.763 324.800 107.526
202512 114.411 324.054 116.586
202603 107.987 330.213 107.987

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 Nan Pao Resins Chemical Co (TPE:4766) Overvalued in 2026?

Based on GuruFocus' analysis, Nan Pao Resins Chemical Co stock appears to be undervalued. The current stock price of NT$320.00 is trading 2.6% below its estimated GF Value™ of NT$328.52. GuruFocus considers Nan Pao Resins Chemical Co to be Fairly Valued.

Key valuation signals for TPE:4766:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$328.52 vs. price of NT$320.00 (2.6% below fair value)
  • GF Score™: 93/100 with 3 warning signs

No single metric tells the full story. See the TPE:4766 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nan Pao Resins Chemical Co Business Description

Address Zhongshan Road, No. 519, Xigang District, Tainan, TWN, 723
Nan Pao Resins Chemical Co Ltd is engaged in the manufacturing, wholesale, and retail of synthetic resins, synthetic plastics, adhesives, resin coatings, dyes, and pigments. Its main products include industrial adhesives, shoe glue, paint, and building material chemicals, among others. The majority of the Group's revenue is generated from the sale of adhesives. Its geographical segment includes Taiwan, Mainland China, Vietnam, Australia, and other regions, of which the maximum revenue is derived from Mainland China.
93GF Score

Get the complete analysis for TPE:4766

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

NT$320.00
Price
NT$328.52
GF Value