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The historical rank and industry rank for Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
TPE:8473'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.65 Med: 0.85 Max: 1.24
Current: 0.91
During the past years, Forest Water Environmental Eng'g Co's highest Cyclically Adjusted PB Ratio was 1.24. The lowest was 0.65. And the median was 0.85.
TPE:8473's Cyclically Adjusted PB Ratio is ranked better than 67.08% of 161
companies
in the Waste Management industry
Industry Median: 1.66
vs TPE:8473: 0.91
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.
Forest Water Environmental Eng'g Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$38.961. 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$44.97 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Forest Water Environmental Eng'g Co (TPE:8473) 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.
Forest Water Environmental Eng'g Co Cyclically Adjusted PB Ratio Related Terms
Forest Water Environmental Eng'g Co Cyclically Adjusted PB Ratio Historical Data
* 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.
Forest Water Environmental Eng'g Co Cyclically Adjusted PB Ratio Chart
TPE:8473 vs WM, RSG, WCN: Cyclically Adjusted PB Ratio Comparison
For the Waste Management subindustry, Forest Water Environmental Eng'g 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.
Forest Water Environmental Eng'g Co Cyclically Adjusted PB Ratio vs Waste Management Industry
For the Waste Management industry and Industrials sector, Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio falls into.
Forest Water Environmental Eng'g 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.
* 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 0.91 mean?
Forest Water Environmental Eng'g Co (TPE:8473) has a Cyclically Adjusted PB Ratio of 0.91 as of Aug. 09, 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 Forest Water Environmental Eng'g Co and its competitors. This is near median its historical median of 0.85. Over the past decade, Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio has ranged from 0.65 to 1.24. According to the industry distribution chart, Forest Water Environmental Eng'g Co ranks #53 out of 161 companies in the Waste Management industry, placing it in the top 32.9%.
Is Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio too high?
Forest Water Environmental Eng'g Co's current Cyclically Adjusted PB Ratio of 0.91 is near median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 1.24. The Waste Management industry median Cyclically Adjusted PB Ratio is 1.66. Forest Water Environmental Eng'g Co's value of 0.91 is 45.2% below this industry median. Based on the distribution chart, Forest Water Environmental Eng'g Co ranks #53 out of 161 companies in the Waste Management industry, which is above the industry midpoint. Overall, Forest Water Environmental Eng'g Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Forest Water Environmental Eng'g Co's Cyclically Adjusted PB Ratio compare to WM and RSG?
According to the Waste Management industry distribution chart, Forest Water Environmental Eng'g Co ranks #53 out of 161 companies for Cyclically Adjusted PB Ratio. This puts Forest Water Environmental Eng'g Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.66. Forest Water Environmental Eng'g Co's value of 0.91 is 45.2% below this benchmark. Historically, Forest Water Environmental Eng'g Co's own Cyclically Adjusted PB Ratio has ranged from 0.65 to 1.24 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.66, Forest Water Environmental Eng'g 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 Waste Management company?
The median Cyclically Adjusted PB Ratio among Waste Management companies is 1.66, based on 161 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. Forest Water Environmental Eng'g Co's current Cyclically Adjusted PB Ratio of 0.91 is 45.2% 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 Forest Water Environmental Eng'g Co and its competitors. For the Waste Management industry, the median Cyclically Adjusted PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forest Water Environmental Eng'g Co's current Cyclically Adjusted PB Ratio is 0.91, which is near median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forest Water Environmental Eng'g Co stock overvalued right now?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co (TPE:8473) is currently considered Fairly Valued. The stock's GF Value™ is NT$42.91, compared to a current price of NT$40.90 — trading 4.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.91, which is near median its 10-year median of 0.85 and 45.2% below the Waste Management industry median of 1.66. Forest Water Environmental Eng'g Co's overall GF Score™ is 80/100 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 Forest Water Environmental Eng'g Co (TPE:8473), the current Cyclically Adjusted PB Ratio is 0.91 as of Aug. 09, 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 Forest Water Environmental Eng'g Co (TPE:8473) Overvalued in 2026?
Based on GuruFocus' analysis, Forest Water Environmental Eng'g Co stock appears to be undervalued.
The current stock price of NT$40.90 is trading 4.7% below its estimated GF Value™ of NT$42.91.
GuruFocus considers Forest Water Environmental Eng'g Co to be Fairly Valued.
Key valuation signals for TPE:8473:
Cyclically Adjusted PB Ratio: 0.91 (near median its 10-year median of 0.85)
GF Value™: NT$42.91 vs. price of NT$40.90 (4.7% below fair value)
Industry Position: 45.2% below the Waste Management median (#53 of 161)
No single metric tells the full story. See the TPE:8473 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forest Water Environmental Eng'g Co Ltd is engaged includes engineering projects for environmental protection, sewage treatment, waste treatment and recycling, and the recycling and decomposition of compostable food waste. It also provides the construction of a water purification plant, the construction of a sewage treatment plant in the scientific industrial park, and the construction of a sewage treatment plant.
80GF Score
Get the complete analysis for TPE:8473
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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