Ctci (TPE:9933) Cyclically Adjusted PB Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:9933 Ctci Corp TPE:9933
66 GF Score
Price NT$39.10
GF Value NT$24.97
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Ctci Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ctci  (TPE:9933) 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.


Ctci Cyclically Adjusted PB Ratio Related Terms


Ctci Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ctci'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.

Ctci Cyclically Adjusted PB Ratio Chart

Ctci 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 1.50 1.61 1.62 1.47 1.30

Ctci 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 1.51 0.99 1.32 1.30 0.00

TPE:9933 vs PWR, FIX, EME: Cyclically Adjusted PB Ratio Comparison

For the Engineering & Construction subindustry, Ctci'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.


Ctci Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, Ctci's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:9933
66GF Score
Ctci Corp TPE:9933
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ctci 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.

Ctci's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Ctci'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)
=20.141/330.2130*330.2130
=20.141

Current CPI (Mar. 2026) = 330.2130.

Ctci Quarterly Data

Book Value per Share CPI Adj_Book
201606 19.395 241.018 26.573
201609 20.090 241.428 27.478
201612 20.371 241.432 27.862
201703 20.690 243.801 28.023
201706 19.780 244.955 26.665
201709 20.401 246.819 27.294
201712 21.413 246.524 28.682
201803 21.916 249.554 29.000
201806 19.603 251.989 25.688
201809 20.301 252.439 26.556
201812 20.825 251.233 27.372
201903 21.166 254.202 27.495
201906 19.510 256.143 25.152
201909 19.623 256.759 25.237
201912 19.270 256.974 24.762
202003 19.734 258.115 25.246
202006 18.153 257.797 23.252
202009 18.611 260.280 23.611
202012 18.877 260.474 23.931
202103 19.372 264.877 24.150
202106 19.857 271.696 24.134
202109 18.738 274.310 22.557
202112 19.762 278.802 23.406
202203 21.012 287.504 24.133
202206 19.250 296.311 21.452
202209 20.021 296.808 22.274
202212 20.065 296.797 22.324
202303 18.721 301.836 20.481
202306 19.256 305.109 20.840
202309 19.963 307.789 21.417
202312 20.417 306.746 21.979
202403 19.274 312.332 20.377
202406 20.110 314.175 21.137
202409 21.345 315.301 22.355
202412 22.046 315.605 23.066
202503 19.187 319.799 19.812
202506 18.677 322.561 19.120
202509 19.745 324.800 20.074
202512 22.699 324.054 23.130
202603 20.141 330.213 20.141

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 Ctci (TPE:9933) Overvalued in 2026?

Based on GuruFocus' analysis, Ctci stock appears to be overvalued. The current stock price of NT$39.10 is trading 56.6% above its estimated GF Value™ of NT$24.97. GuruFocus considers Ctci to be Significantly Overvalued.

Key valuation signals for TPE:9933:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$24.97 vs. price of NT$39.10 (56.6% above fair value)
  • GF Score™: 66/100 with 9 warning signs

No single metric tells the full story. See the TPE:9933 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ctci Business Description

Address No. 89, Zhongshan North Road, Section 6, Taipei, TWN, 111046
Ctci Corp is engaged in designing, surveying, constructing, and inspecting various engineering and construction projects, plants, machinery and equipment, and environmental protection projects. Its operating segment includes Construction Engineering Service, and Others. The company generates maximum revenue from the Construction Engineering segment.
66GF Score

Get the complete analysis for TPE:9933

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

NT$39.10
Price
NT$24.97
GF Value