Shinih Enterprise Co (TPE:9944) Cyclically Adjusted PB Ratio: 0.51 (As of Aug. 05, 2026) — 20% Below Median

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TPE:9944 Shinih Enterprise Co Ltd TPE:9944
76 GF Score
Price NT$17.60
GF Value NT$19.43
Valuation Fairly Valued
! 5 Warning Signs
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What is Shinih Enterprise Co Cyclically Adjusted PB Ratio?

Shinih Enterprise Co TPE:9944 -0.56% 76 Cyclically Adjusted PB Ratio is 0.51 as of Aug. 05, 2026, which is 20% below its 10-year median of 0.64. GuruFocus rates TPE:9944 with a GF Score™ of 76/100 and a GF Value™ of NT$19.43 (Fairly Valued). The stock has 5 warning signs investors should review. Among 849 Manufacturing - Apparel & Accessories companies, Shinih Enterprise Co ranks better than 73.14% on this metric.

As of today (2026-08-05), Shinih Enterprise Co's current share price is NT$17.60. Shinih Enterprise Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$34.67. Shinih Enterprise Co's Cyclically Adjusted PB Ratio for today is 0.51.

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

TPE:9944' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.64   Max: 0.91
Current: 0.51

During the past years, Shinih Enterprise Co's highest Cyclically Adjusted PB Ratio was 0.91. The lowest was 0.46. And the median was 0.64.

TPE:9944's Cyclically Adjusted PB Ratio is ranked better than
73.14% of 849 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.95 vs TPE:9944: 0.51

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.

Shinih Enterprise Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$32.653. 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$34.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shinih Enterprise Co  (TPE:9944) 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.


Shinih Enterprise Co Cyclically Adjusted PB Ratio Related Terms


Shinih Enterprise Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shinih Enterprise 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.

Shinih Enterprise Co Cyclically Adjusted PB Ratio Chart

Shinih Enterprise 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 0.79 0.64 0.61 0.60 0.50

Shinih Enterprise Co 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 0.55 0.49 0.49 0.50 0.47

Shinih Enterprise Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Shinih Enterprise 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.


Shinih Enterprise Co Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shinih Enterprise Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:9944
76GF Score
Shinih Enterprise Co Ltd TPE:9944
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shinih Enterprise 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=17.60/34.67
=0.51

* 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.

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

For example, Shinih Enterprise Co'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)
=32.653/330.2130*330.2130
=32.653

Current CPI (Mar. 2026) = 330.2130.

Shinih Enterprise Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 27.772 241.018 38.050
201609 27.284 241.428 37.318
201612 27.265 241.432 37.291
201703 26.521 243.801 35.921
201706 26.813 244.955 36.145
201709 26.991 246.819 36.111
201712 26.826 246.524 35.933
201803 27.006 249.554 35.735
201806 27.157 251.989 35.587
201809 26.500 252.439 34.664
201812 26.457 251.233 34.774
201903 26.921 254.202 34.971
201906 26.986 256.143 34.790
201909 26.448 256.759 34.014
201912 25.632 256.974 32.937
202003 25.808 258.115 33.017
202006 25.699 257.797 32.918
202009 26.087 260.280 33.096
202012 26.051 260.474 33.026
202103 25.948 264.877 32.348
202106 25.967 271.696 31.560
202109 25.751 274.310 30.999
202112 30.238 278.802 35.814
202203 31.553 287.504 36.240
202206 30.705 296.311 34.218
202209 31.094 296.808 34.594
202212 32.215 296.797 35.842
202303 34.081 301.836 37.285
202306 33.467 305.109 36.221
202309 33.661 307.789 36.113
202312 32.416 306.746 34.896
202403 34.188 312.332 36.145
202406 34.063 314.175 35.802
202409 32.971 315.301 34.530
202412 33.284 315.605 34.825
202503 33.699 319.799 34.796
202506 30.790 322.561 31.520
202509 31.214 324.800 31.734
202512 31.896 324.054 32.502
202603 32.653 330.213 32.653

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 0.51 mean?
Shinih Enterprise Co (TPE:9944) has a Cyclically Adjusted PB Ratio of 0.51 as of Aug. 05, 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 Shinih Enterprise Co and its competitors. This is 20% below median its historical median of 0.64. Over the past decade, Shinih Enterprise Co's Cyclically Adjusted PB Ratio has ranged from 0.46 to 0.91. According to the industry distribution chart, Shinih Enterprise Co ranks #228 out of 849 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 26.9%.
Is Shinih Enterprise Co's Cyclically Adjusted PB Ratio too high?
Shinih Enterprise Co's current Cyclically Adjusted PB Ratio of 0.51 is 20% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.91. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.95. Shinih Enterprise Co's value of 0.51 is 46.3% below this industry median. Based on the distribution chart, Shinih Enterprise Co ranks #228 out of 849 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Shinih Enterprise Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shinih Enterprise Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Shinih Enterprise Co ranks #228 out of 849 companies for Cyclically Adjusted PB Ratio. This puts Shinih Enterprise Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.95. Shinih Enterprise Co's value of 0.51 is 46.3% below this benchmark. Historically, Shinih Enterprise Co's own Cyclically Adjusted PB Ratio has ranged from 0.46 to 0.91 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 0.95, Shinih Enterprise 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.95, based on 849 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. Shinih Enterprise Co's current Cyclically Adjusted PB Ratio of 0.51 is 46.3% 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 Shinih Enterprise Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinih Enterprise Co's current Cyclically Adjusted PB Ratio is 0.51, which is 20% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinih Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Shinih Enterprise Co (TPE:9944) is currently considered Fairly Valued. The stock's GF Value™ is NT$19.43, compared to a current price of NT$17.60 — trading 9.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.51, which is 20% below median its 10-year median of 0.64 and 46.3% below the Manufacturing - Apparel & Accessories industry median of 0.95. Shinih Enterprise Co's overall GF Score™ is 76/100 with 5 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 Shinih Enterprise Co (TPE:9944), the current Cyclically Adjusted PB Ratio is 0.51 as of Aug. 05, 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 Shinih Enterprise Co (TPE:9944) Overvalued in 2026?

Based on GuruFocus' analysis, Shinih Enterprise Co stock appears to be undervalued. The current stock price of NT$17.60 is trading 9.4% below its estimated GF Value™ of NT$19.43. GuruFocus considers Shinih Enterprise Co to be Fairly Valued.

Key valuation signals for TPE:9944:

  • Cyclically Adjusted PB Ratio: 0.51 (20% below median its 10-year median of 0.64)
  • GF Value™: NT$19.43 vs. price of NT$17.60 (9.4% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 46.3% below the Manufacturing - Apparel & Accessories median (#228 of 849)

No single metric tells the full story. See the TPE:9944 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shinih Enterprise Co Business Description

Address No. 41, Lianhua Street, Bade District, Taoyuan, TWN
Shinih Enterprise Co Ltd is engaged in the manufacturing and refining of nonwoven fabric materials, and the production of insulation and industrial goods. The company is also involved in the commerce of ancillary products, textile machinery, and engages in the real estate sector through the development, marketing, and leasing of mixed-use buildings.
76GF Score

Get the complete analysis for TPE:9944

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

NT$17.60
Price
NT$19.43
GF Value