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TPE:9110's Cyclically Adjusted PB Ratio is ranked better than 92.77% of 1024
companies
in the Vehicles & Parts industry
Industry Median: 1.265
vs TPE:9110: 0.25
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.
Vietnam Manufacturing and Export Processing (Holdings)'s adjusted book value per share data for the three months ended in Mar. 2026 was NT$1.691. 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$11.44 for the trailing ten years ended in Mar. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) 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.
Vietnam Manufacturing and Export Processing (Holdings) Cyclically Adjusted PB Ratio Related Terms
Vietnam Manufacturing and Export Processing (Holdings) 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.
Vietnam Manufacturing and Export Processing (Holdings) Cyclically Adjusted PB Ratio Chart
Vietnam Manufacturing and Export Processing (Holdings) Annual Data
TPE:9110 vs BC, PII, THO: Cyclically Adjusted PB Ratio Comparison
For the Recreational Vehicles subindustry, Vietnam Manufacturing and Export Processing (Holdings)'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.
Vietnam Manufacturing and Export Processing (Holdings) Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry
Vietnam Manufacturing and Export Processing (Holdings) 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 0.29 mean?
Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) has a Cyclically Adjusted PB Ratio of 0.29 as of Aug. 01, 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 Vietnam Manufacturing and Export Processing (Holdings) and its competitors. This is 26% below median its historical median of 0.39. Over the past decade, Vietnam Manufacturing and Export Processing (Holdings)'s Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.55. According to the industry distribution chart, Vietnam Manufacturing and Export Processing (Holdings) ranks #74 out of 1024 companies in the Vehicles & Parts industry, placing it in the top 7.2%.
Is Vietnam Manufacturing and Export Processing (Holdings)'s Cyclically Adjusted PB Ratio too high?
Vietnam Manufacturing and Export Processing (Holdings)'s current Cyclically Adjusted PB Ratio of 0.29 is 26% below median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.55. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.27. Vietnam Manufacturing and Export Processing (Holdings)'s value of 0.29 is 77.1% below this industry median. Based on the distribution chart, Vietnam Manufacturing and Export Processing (Holdings) ranks #74 out of 1024 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Vietnam Manufacturing and Export Processing (Holdings) has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vietnam Manufacturing and Export Processing (Holdings)'s Cyclically Adjusted PB Ratio compare to BC and PII?
According to the Vehicles & Parts industry distribution chart, Vietnam Manufacturing and Export Processing (Holdings) ranks #74 out of 1024 companies for Cyclically Adjusted PB Ratio. This places Vietnam Manufacturing and Export Processing (Holdings) in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. Vietnam Manufacturing and Export Processing (Holdings)'s value of 0.29 is 77.1% below this benchmark. Historically, Vietnam Manufacturing and Export Processing (Holdings)'s own Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.55 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 1.27, Vietnam Manufacturing and Export Processing (Holdings) 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.27, based on 1,024 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. Vietnam Manufacturing and Export Processing (Holdings)'s current Cyclically Adjusted PB Ratio of 0.29 is 77.1% 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 Vietnam Manufacturing and Export Processing (Holdings) and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vietnam Manufacturing and Export Processing (Holdings)'s current Cyclically Adjusted PB Ratio is 0.29, which is 26% below median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vietnam Manufacturing and Export Processing (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$5.19, compared to a current price of NT$3.28 — trading 36.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.29, which is 26% below median its 10-year median of 0.39 and 77.1% below the Vehicles & Parts industry median of 1.27. Vietnam Manufacturing and Export Processing (Holdings)'s overall GF Score™ is 54/100 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 Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110), the current Cyclically Adjusted PB Ratio is 0.29 as of Aug. 01, 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 Vietnam Manufacturing and Export Processing (Holdings) (TPE:9110) Overvalued in 2026?
Based on GuruFocus' analysis, Vietnam Manufacturing and Export Processing (Holdings) stock appears to be undervalued.
The current stock price of NT$3.28 is trading 36.8% below its estimated GF Value™ of NT$5.19.
GuruFocus considers Vietnam Manufacturing and Export Processing (Holdings) to be Significantly Undervalued.
Key valuation signals for TPE:9110:
Cyclically Adjusted PB Ratio: 0.29 (26% below median its 10-year median of 0.39)
GF Value™: NT$5.19 vs. price of NT$3.28 (36.8% below fair value)
Industry Position: 77.1% below the Vehicles & Parts median (#74 of 1024)
No single metric tells the full story. See the TPE:9110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vietnam Manufacturing and Export Processing (Holdings) Ltd is engaged in manufacturing and sales of motorbikes, and related spare parts and engines. Its segments include Manufacturing and sale of motorbikes segment that includes motorbikes manufactured for the Vietnamese market and exports it to other countries including Malaysia, the Philippines, Thailand, Italy, Greece, United Arab Emirates and Singapore; and Manufacturing; and Sale of spare parts and engines segment manufactures engines for use in the group's motorbikes, while the group also exports engines to third parties. It manufactures parts for use in repair servicing and product assembly. Geographically, it operates in Vietnam, Malaysia, Philippines, United Arab Emirates, Greece, Thailand, Italy, Singapore, and Other Countries.
54GF Score
Get the complete analysis for TPE:9110
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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