The Shanghai Commercial andvings Bank (TPE:5876) Cyclically Adjusted PB Ratio: 1.07 (As of Aug. 30, 2026) — Near Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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:5876 The Shanghai Commercial and Savings Bank TPE:5876
75 GF Score
Price NT$43.15
GF Value NT$44.89
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is The Shanghai Commercial andvings Bank Cyclically Adjusted PB Ratio?

The Shanghai Commercial andvings Bank TPE:5876 +0.23% 75 Cyclically Adjusted PB Ratio is 1.07 as of Aug. 30, 2026, which is 2% above its 10-year median of 1.05. GuruFocus rates TPE:5876 with a GF Score™ of 75/100 and a GF Value™ of NT$44.89 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,275 Banks companies, The Shanghai Commercial andvings Bank ranks better than 62.75% on this metric.

As of today (2026-08-30), The Shanghai Commercial andvings Bank's current share price is NT$43.15. The Shanghai Commercial andvings Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$40.43. The Shanghai Commercial andvings Bank's Cyclically Adjusted PB Ratio for today is 1.07.

The historical rank and industry rank for The Shanghai Commercial andvings Bank's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:5876' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.95   Med: 1.05   Max: 1.23
Current: 1.07

During the past years, The Shanghai Commercial andvings Bank's highest Cyclically Adjusted PB Ratio was 1.23. The lowest was 0.95. And the median was 1.05.

TPE:5876's Cyclically Adjusted PB Ratio is ranked better than
62.75% of 1275 companies
in the Banks industry
Industry Median: 1.28 vs TPE:5876: 1.07

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.

The Shanghai Commercial andvings Bank's adjusted book value per share data for the three months ended in Mar. 2026 was NT$42.552. 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$40.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Shanghai Commercial andvings Bank  (TPE:5876) 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.


The Shanghai Commercial andvings Bank Cyclically Adjusted PB Ratio Related Terms


The Shanghai Commercial andvings Bank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for The Shanghai Commercial andvings Bank'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.

The Shanghai Commercial andvings Bank Cyclically Adjusted PB Ratio Chart

The Shanghai Commercial andvings Bank 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 1.04 1.02

The Shanghai Commercial andvings Bank 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 1.16 1.18 1.06 1.02 0.95

The Shanghai Commercial andvings Bank Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, The Shanghai Commercial andvings Bank'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.


The Shanghai Commercial andvings Bank Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, The Shanghai Commercial andvings Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where The Shanghai Commercial andvings Bank's Cyclically Adjusted PB Ratio falls into.


TPE:5876
75GF Score
The Shanghai Commercial and Savings Bank TPE:5876
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Shanghai Commercial andvings Bank 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.

The Shanghai Commercial andvings Bank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.15/40.43
=1.07

* 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.

The Shanghai Commercial andvings Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, The Shanghai Commercial andvings Bank'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)
=42.552/330.2130*330.2130
=42.552

Current CPI (Mar. 2026) = 330.2130.

The Shanghai Commercial andvings Bank Quarterly Data

Book Value per Share CPI Adj_Book
201512 27.032 236.525 37.739
201606 26.936 241.018 36.904
201612 28.282 241.432 38.682
201703 0.000 243.801 0.000
201706 28.171 244.955 37.976
201709 0.000 246.819 0.000
201712 28.794 246.524 38.569
201803 29.092 249.554 38.495
201806 29.037 251.989 38.051
201809 29.985 252.439 39.223
201812 30.682 251.233 40.327
201903 32.132 254.202 41.740
201906 31.295 256.143 40.345
201909 33.686 256.759 43.323
201912 33.577 256.974 43.147
202003 33.677 258.115 43.084
202006 32.762 257.797 41.965
202009 33.412 260.280 42.389
202012 33.913 260.474 42.993
202103 34.898 264.877 43.506
202106 35.415 271.696 43.043
202109 34.061 274.310 41.002
202112 34.503 278.802 40.865
202203 34.478 287.504 39.600
202206 32.580 296.311 36.308
202209 33.467 296.808 37.234
202212 34.658 296.797 38.560
202303 35.938 301.836 39.317
202306 35.516 305.109 38.438
202309 37.068 307.789 39.769
202312 37.422 306.746 40.285
202403 39.345 312.332 41.598
202406 38.220 314.175 40.171
202409 39.495 315.301 41.363
202412 40.404 315.605 42.274
202503 41.603 319.799 42.958
202506 38.237 322.561 39.144
202509 40.253 324.800 40.924
202512 41.831 324.054 42.626
202603 42.552 330.213 42.552

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 1.07 mean?
The Shanghai Commercial andvings Bank (TPE:5876) has a Cyclically Adjusted PB Ratio of 1.07 as of Aug. 30, 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 The Shanghai Commercial andvings Bank and its competitors. This is near median its historical median of 1.05. Over the past decade, The Shanghai Commercial andvings Bank's Cyclically Adjusted PB Ratio has ranged from 0.95 to 1.23. According to the industry distribution chart, The Shanghai Commercial andvings Bank ranks #475 out of 1275 companies in the Banks industry, placing it in the top 37.3%.
Is The Shanghai Commercial andvings Bank's Cyclically Adjusted PB Ratio too high?
The Shanghai Commercial andvings Bank's current Cyclically Adjusted PB Ratio of 1.07 is near median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 1.23. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. The Shanghai Commercial andvings Bank's value of 1.07 is 16.4% below this industry median. Based on the distribution chart, The Shanghai Commercial andvings Bank ranks #475 out of 1275 companies in the Banks industry, which is above the industry midpoint. Overall, The Shanghai Commercial andvings Bank has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Shanghai Commercial andvings Bank's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, The Shanghai Commercial andvings Bank ranks #475 out of 1275 companies for Cyclically Adjusted PB Ratio. This puts The Shanghai Commercial andvings Bank in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. The Shanghai Commercial andvings Bank's value of 1.07 is 16.4% below this benchmark. Historically, The Shanghai Commercial andvings Bank's own Cyclically Adjusted PB Ratio has ranged from 0.95 to 1.23 over the past decade. While the company's 10-year median is 1.05 vs. the industry median of 1.28, The Shanghai Commercial andvings Bank 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.28, based on 1,275 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. The Shanghai Commercial andvings Bank's current Cyclically Adjusted PB Ratio of 1.07 is 16.4% 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 The Shanghai Commercial andvings Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Shanghai Commercial andvings Bank's current Cyclically Adjusted PB Ratio is 1.07, which is near median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Shanghai Commercial andvings Bank stock overvalued right now?
Based on GuruFocus' analysis, The Shanghai Commercial andvings Bank (TPE:5876) is currently considered Fairly Valued. The stock's GF Value™ is NT$44.89, compared to a current price of NT$43.15 — trading 3.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.07, which is near median its 10-year median of 1.05 and 16.4% below the Banks industry median of 1.28. The Shanghai Commercial andvings Bank's overall GF Score™ is 75/100 with 3 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 The Shanghai Commercial andvings Bank (TPE:5876), the current Cyclically Adjusted PB Ratio is 1.07 as of Aug. 30, 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 The Shanghai Commercial andvings Bank (TPE:5876) Overvalued in 2026?

Based on GuruFocus' analysis, The Shanghai Commercial andvings Bank stock appears to be undervalued. The current stock price of NT$43.15 is trading 3.9% below its estimated GF Value™ of NT$44.89. GuruFocus considers The Shanghai Commercial andvings Bank to be Fairly Valued.

Key valuation signals for TPE:5876:

  • Cyclically Adjusted PB Ratio: 1.07 (near median its 10-year median of 1.05)
  • GF Value™: NT$44.89 vs. price of NT$43.15 (3.9% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 16.4% below the Banks median (#475 of 1275)

No single metric tells the full story. See the TPE:5876 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Shanghai Commercial andvings Bank Business Description

Address Minquan East Road, Section 1, No. 2, Zhongshan District, Taipei, TWN
The Shanghai Commercial and Savings Bank provides commercial banking services. The group's objective is to serve society, to support industry, and to promote international trade. Its products and services offerings include current accounts, savings accounts, term deposits, recurring deposits, online banking, loans and overdraft facilities, foreign exchange, and securities trading services, among others. Its geographical segment includes Taiwan, Hong Kong, and others. Maximum revenue is generated from its business in Taiwan.
75GF Score

Get the complete analysis for TPE:5876

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

NT$43.15
Price
NT$44.89
GF Value