Microcosm Technology Co (ROCO:3354) Cyclically Adjusted Book per Share: NT$17.87 (As of Dec. 2025)

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:3354 Microcosm Technology Co Ltd ROCO:3354
49 GF Score
Price NT$21.80
GF Value NT$14.04
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Microcosm Technology Co Cyclically Adjusted Book per Share?

Microcosm Technology Co ROCO:3354 -2.90% 49 Cyclically Adjusted Book per Share is NT$17.87 as of Dec. 2025. GuruFocus rates ROCO:3354 with a GF Score™ of 49/100 and a GF Value™ of NT$14.04 (Significantly Overvalued). 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.

Microcosm Technology Co's adjusted book value per share for the three months ended in Dec. 2025 was NT$11.301. 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$17.87 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Microcosm Technology Co's average Cyclically Adjusted Book Growth Rate was -2.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -1.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.50% 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 Microcosm Technology Co was 2.80% per year. The lowest was -1.70% per year. And the median was 1.45% per year.

As of today (2026-07-26), Microcosm Technology Co's current stock price is NT$21.80. Microcosm Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$17.87. Microcosm Technology Co's Cyclically Adjusted PB Ratio of today is 1.22.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Microcosm Technology Co was 1.98. The lowest was 0.53. And the median was 0.90.


Microcosm Technology Co  (ROCO:3354) 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.

Microcosm Technology Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=21.80/17.87
=1.22

* 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 Microcosm Technology Co was 1.98. The lowest was 0.53. And the median was 0.90.


Be Aware

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


Microcosm Technology Co Cyclically Adjusted Book per Share Related Terms


Microcosm Technology Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Microcosm Technology Co'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.

Microcosm Technology Co Cyclically Adjusted Book per Share Chart

Microcosm Technology Co 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 18.18 18.82 18.72 18.39 17.87

Microcosm Technology Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 18.39 18.40 18.32 18.18 17.87

ROCO:3354 vs APH, GLW: Cyclically Adjusted Book per Share Comparison

For the Electronic Components subindustry, Microcosm Technology 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.


Microcosm Technology Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Microcosm Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:3354
49GF Score
Microcosm Technology Co Ltd ROCO:3354
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Microcosm Technology Co 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, Microcosm Technology Co's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book= Book Value per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=11.301/324.0540*324.0540
=11.301

Current CPI (Dec. 2025) = 324.0540.

Microcosm Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 15.804 238.132 21.506
201606 15.372 241.018 20.668
201609 16.146 241.428 21.672
201612 16.459 241.432 22.092
201703 15.389 243.801 20.455
201706 15.662 244.955 20.719
201709 16.157 246.819 21.213
201712 16.575 246.524 21.788
201803 16.747 249.554 21.747
201806 16.795 251.989 21.598
201809 17.053 252.439 21.891
201812 17.175 251.233 22.153
201903 17.263 254.202 22.007
201906 16.900 256.143 21.381
201909 17.104 256.759 21.587
201912 17.002 256.974 21.440
202003 16.407 258.115 20.598
202006 15.956 257.797 20.057
202009 15.900 260.280 19.796
202012 15.765 260.474 19.613
202103 15.695 264.877 19.201
202106 15.190 271.696 18.117
202109 14.963 274.310 17.676
202112 14.746 278.802 17.139
202203 14.915 287.504 16.811
202206 14.542 296.311 15.904
202209 14.695 296.808 16.044
202212 14.200 296.797 15.504
202303 13.909 301.836 14.933
202306 13.397 305.109 14.229
202309 13.421 307.789 14.130
202312 12.763 306.746 13.483
202403 12.762 312.332 13.241
202406 12.490 314.175 12.883
202409 12.299 315.301 12.640
202412 12.303 315.605 12.632
202503 12.185 319.799 12.347
202506 11.292 322.561 11.344
202509 11.333 324.800 11.307
202512 11.301 324.054 11.301

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$17.87 mean?
Microcosm Technology Co (ROCO:3354) has a Cyclically Adjusted Book per Share of NT$17.87 as of Dec. 2025. 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 Microcosm Technology Co and its competitors.
Is Microcosm Technology Co's Cyclically Adjusted Book per Share too high?
Microcosm Technology Co's current Cyclically Adjusted Book per Share is NT$17.87. Overall, Microcosm Technology Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Microcosm Technology Co's Cyclically Adjusted Book per Share compare to APH and GLW?
Microcosm Technology Co's Cyclically Adjusted Book per Share of NT$17.87 can be compared against companies in the Hardware 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 Hardware company?
A good Cyclically Adjusted Book per Share depends on the Hardware 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 Microcosm Technology Co and its competitors. Microcosm Technology Co's current Cyclically Adjusted Book per Share is NT$17.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Microcosm Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Microcosm Technology Co (ROCO:3354) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$14.04, compared to a current price of NT$21.80 — trading 55.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$17.87. Microcosm Technology Co's overall GF Score™ is 49/100 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 Microcosm Technology Co (ROCO:3354), the current Cyclically Adjusted Book per Share is NT$17.87 as of Dec. 2025. 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 Microcosm Technology Co (ROCO:3354) Overvalued in 2026?

Based on GuruFocus' analysis, Microcosm Technology Co stock appears to be overvalued. The current stock price of NT$21.80 is trading 55.3% above its estimated GF Value™ of NT$14.04. GuruFocus considers Microcosm Technology Co to be Significantly Overvalued.

Key valuation signals for ROCO:3354:

  • Cyclically Adjusted Book per Share: NT$17.87
  • GF Value™: NT$14.04 vs. price of NT$21.80 (55.3% above fair value)
  • GF Score™: 49/100 with 4 warning signs

No single metric tells the full story. See the ROCO:3354 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Microcosm Technology Co Business Description

Address No.8, Nanke 9th Road, ShanHwa District, Tainan City, TWN
Microcosm Technology Co Ltd is mainly engaged in the research, development, manufacture, and sale of ultra-thin flexible printed circuit board materials, adhesive-free flexible printed circuit board materials, and film-on-chip flexible substrates. The company is also engaged in the manufacture and sale of printed circuit board materials and chip-on-film (COF) flexible printed boards. Its products include Display Materials, Semiconductor Materials, Ion Exchange Membrane, and FPCB/PCB Materials.
49GF Score

Get the complete analysis for ROCO:3354

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

NT$21.80
Price
NT$14.04
GF Value