AMIA Co (TPE:8438) Cyclically Adjusted PB Ratio: 2.33 (As of Aug. 04, 2026) — 91% Above Median

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TPE:8438 AMIA Co Ltd TPE:8438
69 GF Score
Price NT$60.90
GF Value NT$33.49
Valuation Significantly Overvalued
View Full Analysis

What is AMIA Co Cyclically Adjusted PB Ratio?

AMIA Co TPE:8438 +5.55% 69 Cyclically Adjusted PB Ratio is 2.33 as of Aug. 04, 2026, which is 91% above its 10-year median of 1.22. GuruFocus rates TPE:8438 with a GF Score™ of 69/100 and a GF Value™ of NT$33.49 (Significantly Overvalued). Among 1,248 Chemicals companies, AMIA Co ranks worse than 65.38% on this metric.

As of today (2026-08-04), AMIA Co's current share price is NT$60.90. AMIA Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$26.12. AMIA Co's Cyclically Adjusted PB Ratio for today is 2.33.

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

TPE:8438' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.07   Med: 1.22   Max: 3.85
Current: 2.49

During the past years, AMIA Co's highest Cyclically Adjusted PB Ratio was 3.85. The lowest was 1.07. And the median was 1.22.

TPE:8438's Cyclically Adjusted PB Ratio is ranked worse than
65.38% of 1248 companies
in the Chemicals industry
Industry Median: 1.62 vs TPE:8438: 2.49

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.

AMIA Co's adjusted book value per share data for the three months ended in Dec. 2025 was NT$27.422. 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$26.12 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


AMIA Co  (TPE:8438) 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.


AMIA Co Cyclically Adjusted PB Ratio Related Terms


AMIA Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AMIA 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.

AMIA Co Cyclically Adjusted PB Ratio Chart

AMIA 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 1.60

AMIA Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 1.24 1.18 1.16 1.60

TPE:8438 vs DOW: Cyclically Adjusted PB Ratio Comparison

For the Chemicals subindustry, AMIA 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.


AMIA Co Cyclically Adjusted PB Ratio vs Chemicals Industry

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

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


TPE:8438
69GF Score
AMIA Co Ltd TPE:8438
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AMIA 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=60.90/26.12
=2.33

* 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.

AMIA Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, AMIA Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=27.422/324.0540*324.0540
=27.422

Current CPI (Dec. 2025) = 324.0540.

AMIA Co Quarterly Data

Book Value per Share CPI Adj_Book
201112 22.746 225.672 32.662
201206 21.375 229.478 30.184
201212 19.434 229.601 27.429
201306 18.993 233.504 26.358
201312 19.254 233.049 26.773
201406 19.227 238.343 26.141
201412 20.094 234.812 27.731
201506 19.850 238.638 26.955
201512 19.826 236.525 27.163
201606 19.365 241.018 26.037
201612 19.196 241.432 25.765
201706 18.387 244.955 24.324
201712 18.717 246.524 24.603
201806 19.191 251.989 24.679
201812 19.213 251.233 24.782
201906 18.604 256.143 23.536
201912 18.368 256.974 23.163
202006 18.268 257.797 22.963
202009 0.000 260.280 0.000
202012 19.407 260.474 24.144
202103 0.000 264.877 0.000
202106 21.061 271.696 25.120
202109 21.105 274.310 24.932
202112 22.006 278.802 25.578
202203 25.584 287.504 28.836
202206 24.072 296.311 26.326
202209 24.285 296.808 26.514
202212 24.339 296.797 26.574
202303 24.588 301.836 26.398
202306 23.607 305.109 25.073
202309 24.196 307.789 25.475
202312 24.490 306.746 25.872
202403 24.982 312.332 25.920
202406 24.908 314.175 25.691
202409 25.666 315.301 26.379
202412 26.134 315.605 26.834
202503 26.771 319.799 27.127
202506 24.850 322.561 24.965
202509 26.174 324.800 26.114
202512 27.422 324.054 27.422

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 2.33 mean?
AMIA Co (TPE:8438) has a Cyclically Adjusted PB Ratio of 2.33 as of Aug. 04, 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 AMIA Co and its competitors. This is 91% above median its historical median of 1.22. Over the past decade, AMIA Co's Cyclically Adjusted PB Ratio has ranged from 1.07 to 3.85. According to the industry distribution chart, AMIA Co ranks #816 out of 1248 companies in the Chemicals industry, placing it in the top 65.4%.
Is AMIA Co's Cyclically Adjusted PB Ratio too high?
AMIA Co's current Cyclically Adjusted PB Ratio of 2.33 is 91% above median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 3.85. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.62. AMIA Co's value of 2.33 is 43.8% above this industry median. Based on the distribution chart, AMIA Co ranks #816 out of 1248 companies in the Chemicals industry, which is below the industry midpoint. Overall, AMIA Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AMIA Co's Cyclically Adjusted PB Ratio compare to DOW?
According to the Chemicals industry distribution chart, AMIA Co ranks #816 out of 1248 companies for Cyclically Adjusted PB Ratio. This places AMIA Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. AMIA Co's value of 2.33 is 43.8% above this benchmark. Historically, AMIA Co's own Cyclically Adjusted PB Ratio has ranged from 1.07 to 3.85 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 1.62, AMIA Co 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.62, based on 1,248 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. AMIA Co's current Cyclically Adjusted PB Ratio of 2.33 is 43.8% 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 AMIA Co and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AMIA Co's current Cyclically Adjusted PB Ratio is 2.33, which is 91% above median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMIA Co stock overvalued right now?
Based on GuruFocus' analysis, AMIA Co (TPE:8438) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$33.49, compared to a current price of NT$60.90 — trading 81.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.33, which is 91% above median its 10-year median of 1.22 and 43.8% above the Chemicals industry median of 1.62. AMIA Co's overall GF Score™ is 69/100. 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 AMIA Co (TPE:8438), the current Cyclically Adjusted PB Ratio is 2.33 as of Aug. 04, 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 AMIA Co (TPE:8438) Overvalued in 2026?

Based on GuruFocus' analysis, AMIA Co stock appears to be overvalued. The current stock price of NT$60.90 is trading 81.8% above its estimated GF Value™ of NT$33.49. GuruFocus considers AMIA Co to be Significantly Overvalued.

Key valuation signals for TPE:8438:

  • Cyclically Adjusted PB Ratio: 2.33 (91% above median its 10-year median of 1.22)
  • GF Value™: NT$33.49 vs. price of NT$60.90 (81.8% above fair value)
  • GF Score™: 69/100
  • Industry Position: 43.8% above the Chemicals median (#816 of 1248)

No single metric tells the full story. See the TPE:8438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AMIA Co Business Description

Address No.19, Dagong Road, Dayuan District, Taoyuan, TWN
AMIA Co Ltd is a Taiwan-based company engaged in the processing, manufacturing, trading, and recycling of various industrial chemicals. The Company sells PCB chemical products and green products such as copper sulphate, with sales revenue as a key performance indicator. It operates across Taiwan, Asia, Oceania, Africa, and the Americas, with the majority of its revenue generated from Asia.
69GF Score

Get the complete analysis for TPE:8438

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

NT$60.90
Price
NT$33.49
GF Value