Asix Electronics (ROCO:3169) Cyclically Adjusted Book per Share: NT$26.47 (As of Mar. 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.

ROCO:3169 Asix Electronics Corp Ltd ROCO:3169
71 GF Score
Price NT$103.00
GF Value NT$99.31
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Asix Electronics Cyclically Adjusted Book per Share?

Asix Electronics ROCO:3169 +0.98% 71 Cyclically Adjusted Book per Share is NT$26.47 as of Mar. 2026. GuruFocus rates ROCO:3169 with a GF Score™ of 71/100 and a GF Value™ of NT$99.31 (Fairly Valued). The stock has 4 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.

Asix Electronics's adjusted book value per share for the three months ended in Mar. 2026 was NT$30.265. 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$26.47 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Asix Electronics's average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 7.40% 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 Asix Electronics was 8.80% per year. The lowest was 5.70% per year. And the median was 7.15% per year.

As of today (2026-07-17), Asix Electronics's current stock price is NT$103.00. Asix Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$26.47. Asix Electronics's Cyclically Adjusted PB Ratio of today is 3.89.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Asix Electronics was 14.78. The lowest was 1.61. And the median was 4.62.


Asix Electronics  (ROCO:3169) 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.

Asix Electronics's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=103.00/26.47
=3.89

* 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 Asix Electronics was 14.78. The lowest was 1.61. And the median was 4.62.


Be Aware

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


Asix Electronics Cyclically Adjusted Book per Share Related Terms


Asix Electronics Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Asix Electronics'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.

Asix Electronics Cyclically Adjusted Book per Share Chart

Asix Electronics 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 19.84 21.87 23.23 24.49 25.80

Asix Electronics 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 24.99 25.36 25.70 25.80 26.47

ROCO:3169 vs NVDA, AVGO, MU: Cyclically Adjusted Book per Share Comparison

For the Semiconductors subindustry, Asix Electronics'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.


Asix Electronics Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


ROCO:3169
71GF Score
Asix Electronics Corp Ltd ROCO:3169
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asix Electronics 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, Asix Electronics'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)
=30.265/330.2130*330.2130
=30.265

Current CPI (Mar. 2026) = 330.2130.

Asix Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.573 241.018 21.336
201609 15.696 241.428 21.468
201612 16.158 241.432 22.100
201703 16.593 243.801 22.474
201706 15.914 244.955 21.453
201709 16.455 246.819 22.015
201712 16.897 246.524 22.633
201803 17.486 249.554 23.138
201806 16.038 251.989 21.017
201809 16.715 252.439 21.865
201812 17.643 251.233 23.189
201903 18.822 254.202 24.450
201906 17.153 256.143 22.113
201909 17.883 256.759 22.999
201912 18.478 256.974 23.744
202003 19.376 258.115 24.788
202006 18.207 257.797 23.321
202009 17.168 260.280 21.781
202012 18.283 260.474 23.178
202103 24.025 264.877 29.951
202106 25.107 271.696 30.514
202109 24.577 274.310 29.586
202112 26.546 278.802 31.441
202203 29.284 287.504 33.634
202206 25.994 296.311 28.968
202209 27.785 296.808 30.912
202212 29.080 296.797 32.354
202303 30.473 301.836 33.338
202306 25.814 305.109 27.938
202309 26.820 307.789 28.774
202312 27.743 306.746 29.865
202403 28.962 312.332 30.620
202406 26.442 314.175 27.792
202409 27.028 315.301 28.306
202412 28.153 315.605 29.456
202503 29.643 319.799 30.608
202506 26.886 322.561 27.524
202509 27.965 324.800 28.431
202512 28.939 324.054 29.489
202603 30.265 330.213 30.265

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$26.47 mean?
Asix Electronics (ROCO:3169) has a Cyclically Adjusted Book per Share of NT$26.47 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 Asix Electronics and its competitors.
Is Asix Electronics' Cyclically Adjusted Book per Share too high?
Asix Electronics' current Cyclically Adjusted Book per Share is NT$26.47. Overall, Asix Electronics has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asix Electronics' Cyclically Adjusted Book per Share compare to NVDA and AVGO?
Asix Electronics' Cyclically Adjusted Book per Share of NT$26.47 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 Asix Electronics and its competitors. Asix Electronics's current Cyclically Adjusted Book per Share is NT$26.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asix Electronics stock overvalued right now?
Based on GuruFocus' analysis, Asix Electronics (ROCO:3169) is currently considered Fairly Valued. The stock's GF Value™ is NT$99.31, compared to a current price of NT$103.00 — trading 3.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$26.47. Asix Electronics' overall GF Score™ is 71/100 with 4 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 Asix Electronics (ROCO:3169), the current Cyclically Adjusted Book per Share is NT$26.47 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 Asix Electronics (ROCO:3169) Overvalued in 2026?

Based on GuruFocus' analysis, Asix Electronics stock appears to be overvalued. The current stock price of NT$103.00 is trading 3.7% above its estimated GF Value™ of NT$99.31. GuruFocus considers Asix Electronics to be Fairly Valued.

Key valuation signals for ROCO:3169:

  • Cyclically Adjusted Book per Share: NT$26.47
  • GF Value™: NT$99.31 vs. price of NT$103.00 (3.7% above fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the ROCO:3169 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asix Electronics Business Description

Address No. 8, Hsin Ann Road, 4th Floor, Hsinchu Science Park, Hsinchu, TWN, 30078
Asix Electronics Corp Ltd is engaged in the research, development, manufacture and sale of communication and mixed-signal receiving and processing chips, multimedia graphics IC and graphics boards, asynchronous transmission mode chips, interface transmission chips, display driver chips and white light emitting diode driver chips. Geographically, the company generates the majority of its revenue from Taiwan and the rest from China and other regions.
71GF Score

Get the complete analysis for ROCO:3169

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

NT$103.00
Price
NT$99.31
GF Value