Giant Manufacturing Co (TPE:9921) Cyclically Adjusted PB Ratio: (As of Aug. 18, 2026)

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Director of Data and Quant Analytics at GuruFocus
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TPE:9921 Giant Manufacturing Co Ltd TPE:9921
75 GF Score
Price NT$97.40
GF Value NT$117.63
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Giant Manufacturing Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Giant Manufacturing Co  (TPE:9921) 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.


Giant Manufacturing Co Cyclically Adjusted PB Ratio Related Terms


Giant Manufacturing Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Giant Manufacturing 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.

Giant Manufacturing Co Cyclically Adjusted PB Ratio Chart

Giant Manufacturing 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 5.73 3.02 2.57 1.86 1.16

Giant Manufacturing Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.38 1.19 1.16 0.88 0.00

TPE:9921 vs AS, HAS, LTH: Cyclically Adjusted PB Ratio Comparison

For the Leisure subindustry, Giant Manufacturing 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.


Giant Manufacturing Co Cyclically Adjusted PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Giant Manufacturing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:9921
75GF Score
Giant Manufacturing Co Ltd TPE:9921
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Giant Manufacturing 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.

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

For example, Giant Manufacturing Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=86.908/333.9520*333.9520
=86.908

Current CPI (Jun. 2026) = 333.9520.

Giant Manufacturing Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 52.075 241.428 72.032
201612 54.085 241.432 74.811
201703 52.648 243.801 72.116
201706 50.662 244.955 69.069
201709 53.245 246.819 72.042
201712 51.905 246.524 70.313
201803 52.969 249.554 70.883
201806 51.369 251.989 68.077
201809 52.910 252.439 69.995
201812 55.044 251.233 73.167
201903 57.450 254.202 75.474
201906 55.517 256.143 72.381
201909 56.486 256.759 73.468
201912 57.787 256.974 75.097
202003 58.384 258.115 75.538
202006 57.603 257.797 74.619
202009 62.473 260.280 80.156
202012 66.598 260.474 85.385
202103 70.858 264.877 89.336
202106 67.275 271.696 82.690
202109 70.059 274.310 85.292
202112 72.689 278.802 87.068
202203 79.262 287.504 92.067
202206 73.824 296.311 83.202
202209 79.811 296.808 89.799
202212 85.077 296.797 95.727
202303 87.487 301.836 96.796
202306 82.174 305.109 89.942
202309 86.022 307.789 93.334
202312 85.907 306.746 93.526
202403 88.501 312.332 94.627
202406 87.013 314.175 92.490
202409 89.147 315.301 94.420
202412 86.097 315.605 91.102
202503 88.592 319.799 92.513
202506 81.577 322.561 84.458
202509 84.874 324.800 87.266
202512 86.878 324.054 89.532
202603 87.581 330.213 88.573
202606 86.908 333.952 86.908

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.

Is Giant Manufacturing Co (TPE:9921) Overvalued in 2026?

Based on GuruFocus' analysis, Giant Manufacturing Co stock appears to be undervalued. The current stock price of NT$97.40 is trading 17.2% below its estimated GF Value™ of NT$117.63. GuruFocus considers Giant Manufacturing Co to be Modestly Undervalued.

Key valuation signals for TPE:9921:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$117.63 vs. price of NT$97.40 (17.2% below fair value)
  • GF Score™: 75/100 with 9 warning signs

No single metric tells the full story. See the TPE:9921 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Giant Manufacturing Co Business Description

Address Dongda Road, No. 997 and 999, Section 1, Xitun District, Taichung, TWN, 40763
Giant Manufacturing Co Ltd manufactures and sells bicycles, electric bicycles and related parts. Its segments includes Bicycle, Materials, and Others. The company generates majority of its revenue from Bicycle segment.
75GF Score

Get the complete analysis for TPE:9921

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

NT$97.40
Price
NT$117.63
GF Value