Heran Co (TPE:5283) Cyclically Adjusted PB Ratio: 1.12 (As of Aug. 02, 2026) — 21% Below Median

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TPE:5283 Heran Co Ltd TPE:5283
70 GF Score
Price NT$54.80
GF Value NT$87.30
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Heran Co Cyclically Adjusted PB Ratio?

Heran Co TPE:5283 +3.20% 70 Cyclically Adjusted PB Ratio is 1.12 as of Aug. 02, 2026, which is 21% below its 10-year median of 1.41. GuruFocus rates TPE:5283 with a GF Score™ of 70/100 and a GF Value™ of NT$87.30 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,974 Hardware companies, Heran Co ranks better than 67.38% on this metric.

As of today (2026-08-02), Heran Co's current share price is NT$54.80. Heran Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$49.10. Heran Co's Cyclically Adjusted PB Ratio for today is 1.12.

The historical rank and industry rank for Heran Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:5283' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.06   Med: 1.41   Max: 2.22
Current: 1.12

During the past years, Heran Co's highest Cyclically Adjusted PB Ratio was 2.22. The lowest was 1.06. And the median was 1.41.

TPE:5283's Cyclically Adjusted PB Ratio is ranked better than
67.38% of 1974 companies
in the Hardware industry
Industry Median: 1.99 vs TPE:5283: 1.12

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.

Heran Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$54.700. 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$49.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Heran Co  (TPE:5283) 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.


Heran Co Cyclically Adjusted PB Ratio Related Terms


Heran Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Heran 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.

Heran Co Cyclically Adjusted PB Ratio Chart

Heran 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 2.01 1.28

Heran 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 1.88 1.46 1.23 1.28 1.09

TPE:5283 vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, Heran 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.


Heran Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Heran Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:5283
70GF Score
Heran Co Ltd TPE:5283
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Heran 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.

Heran Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=54.80/49.10
=1.12

* 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.

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

For example, Heran 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)
=54.7/330.2130*330.2130
=54.700

Current CPI (Mar. 2026) = 330.2130.

Heran Co Quarterly Data

Book Value per Share CPI Adj_Book
201412 15.981 234.812 22.474
201506 17.658 238.638 24.434
201512 19.735 236.525 27.552
201606 22.965 241.018 31.464
201612 26.737 241.432 36.569
201706 29.558 244.955 39.846
201712 34.239 246.524 45.862
201803 0.000 249.554 0.000
201806 34.442 251.989 45.134
201809 0.000 252.439 0.000
201812 38.509 251.233 50.615
201903 40.217 254.202 52.243
201906 40.782 256.143 52.575
201909 43.560 256.759 56.022
201912 41.490 256.974 53.315
202003 39.605 258.115 50.668
202006 41.556 257.797 53.229
202009 45.646 260.280 57.910
202012 43.927 260.474 55.688
202103 42.403 264.877 52.862
202106 45.556 271.696 55.368
202109 48.203 274.310 58.027
202112 46.168 278.802 54.681
202203 44.489 287.504 51.098
202206 47.629 296.311 53.078
202209 50.087 296.808 55.724
202212 48.014 296.797 53.420
202303 45.463 301.836 49.737
202306 48.284 305.109 52.257
202309 50.193 307.789 53.850
202312 47.857 306.746 51.518
202403 44.116 312.332 46.642
202406 46.415 314.175 48.784
202409 49.024 315.301 51.343
202412 49.841 315.605 52.148
202503 49.711 319.799 51.330
202506 51.847 322.561 53.077
202509 53.677 324.800 54.572
202512 54.824 324.054 55.866
202603 54.700 330.213 54.700

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.

What does a Cyclically Adjusted PB Ratio of 1.12 mean?
Heran Co (TPE:5283) has a Cyclically Adjusted PB Ratio of 1.12 as of Aug. 02, 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 Heran Co and its competitors. This is 21% below median its historical median of 1.41. Over the past decade, Heran Co's Cyclically Adjusted PB Ratio has ranged from 1.06 to 2.22. According to the industry distribution chart, Heran Co ranks #644 out of 1974 companies in the Hardware industry, placing it in the top 32.6%.
Is Heran Co's Cyclically Adjusted PB Ratio too high?
Heran Co's current Cyclically Adjusted PB Ratio of 1.12 is 21% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 2.22. The Hardware industry median Cyclically Adjusted PB Ratio is 1.99. Heran Co's value of 1.12 is 43.7% below this industry median. Based on the distribution chart, Heran Co ranks #644 out of 1974 companies in the Hardware industry, which is above the industry midpoint. Overall, Heran Co has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heran Co's Cyclically Adjusted PB Ratio compare to AAPL?
According to the Hardware industry distribution chart, Heran Co ranks #644 out of 1974 companies for Cyclically Adjusted PB Ratio. This puts Heran Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.99. Heran Co's value of 1.12 is 43.7% below this benchmark. Historically, Heran Co's own Cyclically Adjusted PB Ratio has ranged from 1.06 to 2.22 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.99, Heran Co has consistently been below 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 1.99, based on 1,974 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. Heran Co's current Cyclically Adjusted PB Ratio of 1.12 is 43.7% below 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 Heran Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heran Co's current Cyclically Adjusted PB Ratio is 1.12, which is 21% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heran Co stock overvalued right now?
Based on GuruFocus' analysis, Heran Co (TPE:5283) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$87.30, compared to a current price of NT$54.80 — trading 37.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.12, which is 21% below median its 10-year median of 1.41 and 43.7% below the Hardware industry median of 1.99. Heran Co's overall GF Score™ is 70/100 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 Heran Co (TPE:5283), the current Cyclically Adjusted PB Ratio is 1.12 as of Aug. 02, 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 Heran Co (TPE:5283) Overvalued in 2026?

Based on GuruFocus' analysis, Heran Co stock appears to be undervalued. The current stock price of NT$54.80 is trading 37.2% below its estimated GF Value™ of NT$87.30. GuruFocus considers Heran Co to be Significantly Undervalued.

Key valuation signals for TPE:5283:

  • Cyclically Adjusted PB Ratio: 1.12 (21% below median its 10-year median of 1.41)
  • GF Value™: NT$87.30 vs. price of NT$54.80 (37.2% below fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 43.7% below the Hardware median (#644 of 1974)

No single metric tells the full story. See the TPE:5283 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Heran Co Business Description

Address No. 289, Wenhe Road, 9th Floor, Guishan District, Taoyuan, TWN, 333001
Heran Co Ltd manufactures LCD monitors, sells electrical appliances and electronic materials, and fixes electrical products. Its product portfolio includes air conditioners, liquid crystal, washing machines, refrigerators, freezers, and Small household appliances. Its segment includes the Home Appliances business engaged in selling and manufacturing LCD monitors, air conditioners, and home appliances Home appliances and electronic products are sold to TV Home Shopping merchants, 3C retailers, distributors, and other customers, and the Other business engaged in other activities.
70GF Score

Get the complete analysis for TPE:5283

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

NT$54.80
Price
NT$87.30
GF Value