Ultra Chip (ROCO:3141) Cyclically Adjusted Book per Share: NT$28.03 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

ROCO:3141 Ultra Chip Inc ROCO:3141
64 GF Score
Price NT$77.70
GF Value NT$68.06
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Ultra Chip Cyclically Adjusted Book per Share?

Ultra Chip ROCO:3141 -2.87% 64 Cyclically Adjusted Book per Share is NT$28.03 as of Mar. 2026. GuruFocus rates ROCO:3141 with a GF Score™ of 64/100 and a GF Value™ of NT$68.06 (Modestly Overvalued). The stock has 11 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Ultra Chip's adjusted book value per share for the three months ended in Mar. 2026 was NT$35.799. 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$28.03 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ultra Chip's average Cyclically Adjusted Book Growth Rate was 9.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 11.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Ultra Chip was 15.90% per year. The lowest was 11.20% per year. And the median was 13.70% per year.

As of today (2026-08-12), Ultra Chip's current stock price is NT$77.70. Ultra Chip's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$28.03. Ultra Chip's Cyclically Adjusted PB Ratio of today is 2.77.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ultra Chip was 17.03. The lowest was 1.47. And the median was 4.13.


Ultra Chip  (ROCO:3141) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Ultra Chip's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=77.70/28.03
=2.77

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ultra Chip was 17.03. The lowest was 1.47. And the median was 4.13.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Ultra Chip Cyclically Adjusted Book per Share Related Terms


Ultra Chip Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Ultra Chip's Cyclically Adjusted Book per Share 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.

Ultra Chip Cyclically Adjusted Book per Share Chart

Ultra Chip Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.82 19.71 22.26 24.72 27.09

Ultra Chip Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 25.50 26.14 26.76 27.09 28.03

ROCO:3141 vs NVDA, AVGO, MU: Cyclically Adjusted Book per Share Comparison

For the Semiconductors subindustry, Ultra Chip'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.


Ultra Chip Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Ultra Chip's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:3141
64GF Score
Ultra Chip Inc ROCO:3141
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ultra Chip Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Ultra Chip'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)
=35.799/330.2130*330.2130
=35.799

Current CPI (Mar. 2026) = 330.2130.

Ultra Chip Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.224 241.018 19.488
201609 14.590 241.428 19.955
201612 14.784 241.432 20.220
201703 14.804 243.801 20.051
201706 14.481 244.955 19.521
201709 15.274 246.819 20.435
201712 15.580 246.524 20.869
201803 15.751 249.554 20.842
201806 15.522 251.989 20.340
201809 16.877 252.439 22.077
201812 17.406 251.233 22.878
201903 17.840 254.202 23.174
201906 16.604 256.143 21.405
201909 16.606 256.759 21.357
201912 16.744 256.974 21.516
202003 17.008 258.115 21.759
202006 16.976 257.797 21.745
202009 17.417 260.280 22.097
202012 17.971 260.474 22.783
202103 19.596 264.877 24.430
202106 25.136 271.696 30.550
202109 26.762 274.310 32.216
202112 29.998 278.802 35.530
202203 33.140 287.504 38.063
202206 32.326 296.311 36.025
202209 33.569 296.808 37.347
202212 32.969 296.797 36.681
202303 33.171 301.836 36.290
202306 31.265 305.109 33.837
202309 32.536 307.789 34.906
202312 31.516 306.746 33.927
202403 32.152 312.332 33.993
202406 32.927 314.175 34.608
202409 32.889 315.301 34.444
202412 33.054 315.605 34.584
202503 33.484 319.799 34.574
202506 32.486 322.561 33.257
202509 33.039 324.800 33.590
202512 33.558 324.054 34.196
202603 35.799 330.213 35.799

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of NT$28.03 mean?
Ultra Chip (ROCO:3141) has a Cyclically Adjusted Book per Share of NT$28.03 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Ultra Chip and its competitors.
Is Ultra Chip's Cyclically Adjusted Book per Share too high?
Ultra Chip's current Cyclically Adjusted Book per Share is NT$28.03. Overall, Ultra Chip has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ultra Chip's Cyclically Adjusted Book per Share compare to NVDA and AVGO?
Ultra Chip's Cyclically Adjusted Book per Share of NT$28.03 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Semiconductors company?
A good Cyclically Adjusted Book per Share depends on the Semiconductors industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Ultra Chip and its competitors. Ultra Chip's current Cyclically Adjusted Book per Share is NT$28.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultra Chip stock overvalued right now?
Based on GuruFocus' analysis, Ultra Chip (ROCO:3141) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$68.06, compared to a current price of NT$77.70 — trading 14.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$28.03. Ultra Chip's overall GF Score™ is 64/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Ultra Chip (ROCO:3141), the current Cyclically Adjusted Book per Share is NT$28.03 as of Mar. 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 Ultra Chip (ROCO:3141) Overvalued in 2026?

Based on GuruFocus' analysis, Ultra Chip stock appears to be overvalued. The current stock price of NT$77.70 is trading 14.2% above its estimated GF Value™ of NT$68.06. GuruFocus considers Ultra Chip to be Modestly Overvalued.

Key valuation signals for ROCO:3141:

  • Cyclically Adjusted Book per Share: NT$28.03
  • GF Value™: NT$68.06 vs. price of NT$77.70 (14.2% above fair value)
  • GF Score™: 64/100 with 11 warning signs

No single metric tells the full story. See the ROCO:3141 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ultra Chip Business Description

Address 12th Floor, No. 308, Section 1, Neihu Road, Neihu District, Taipei, TWN, 114663
Ultra Chip Inc is engaged in the design and sale of mobile display driver IC products. Its products include professional display, bistable display, and Motor IC. The revenue of the group mainly comes from the design sales and business of liquid crystal display product driver IC. Geographically, it operates in Aisa, Europe, and Others with majority of revenue deriving from Asia region.
64GF Score

Get the complete analysis for ROCO:3141

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

NT$77.70
Price
NT$68.06
GF Value