ICP DAS Co (ROCO:3577) Cyclically Adjusted Book per Share: NT$20.72 (As of Jun. 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:3577 ICP DAS Co Ltd ROCO:3577
76 GF Score
Price NT$114.00
GF Value NT$87.61
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is ICP DAS Co Cyclically Adjusted Book per Share?

ICP DAS Co ROCO:3577 +0.44% 76 Cyclically Adjusted Book per Share is NT$20.72 as of Jun. 2026. GuruFocus rates ROCO:3577 with a GF Score™ of 76/100 and a GF Value™ of NT$87.61 (Modestly Overvalued). The stock has 2 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.

ICP DAS Co's adjusted book value per share for the three months ended in Jun. 2026 was NT$23.038. 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$20.72 for the trailing ten years ended in Jun. 2026.

During the past 12 months, ICP DAS Co's average Cyclically Adjusted Book Growth Rate was 5.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.50% 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 ICP DAS Co was 7.70% per year. The lowest was 5.00% per year. And the median was 6.45% per year.

As of today (2026-08-28), ICP DAS Co's current stock price is NT$114.00. ICP DAS Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$20.72. ICP DAS Co's Cyclically Adjusted PB Ratio of today is 5.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of ICP DAS Co was 7.74. The lowest was 1.61. And the median was 3.25.


ICP DAS Co  (ROCO:3577) 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.

ICP DAS Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=114.00/20.72
=5.50

* 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 ICP DAS Co was 7.74. The lowest was 1.61. And the median was 3.25.


Be Aware

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


ICP DAS Co Cyclically Adjusted Book per Share Related Terms


ICP DAS Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for ICP DAS 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.

ICP DAS Co Cyclically Adjusted Book per Share Chart

ICP DAS 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 15.75 17.13 18.11 18.98 19.85

ICP DAS Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 19.59 19.81 19.85 20.35 20.72

ROCO:3577 vs CSCO, MSI, HPE: Cyclically Adjusted Book per Share Comparison

For the Communication Equipment subindustry, ICP DAS 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.


ICP DAS Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


ROCO:3577
76GF Score
ICP DAS Co Ltd ROCO:3577
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ICP DAS 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, ICP DAS Co's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=23.038/333.9520*333.9520
=23.038

Current CPI (Jun. 2026) = 333.9520.

ICP DAS Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.833 241.428 19.134
201612 14.254 241.432 19.716
201703 14.386 243.801 19.706
201706 14.059 244.955 19.167
201709 14.603 246.819 19.758
201712 14.900 246.524 20.184
201803 15.464 249.554 20.694
201806 14.791 251.989 19.602
201809 15.076 252.439 19.944
201812 15.287 251.233 20.320
201903 15.407 254.202 20.241
201906 14.958 256.143 19.502
201909 15.214 256.759 19.788
201912 15.393 256.974 20.004
202003 15.460 258.115 20.002
202006 14.961 257.797 19.381
202009 15.104 260.280 19.379
202012 15.476 260.474 19.842
202103 15.830 264.877 19.958
202106 16.041 271.696 19.717
202109 16.584 274.310 20.190
202112 17.523 278.802 20.989
202203 18.100 287.504 21.024
202206 17.840 296.311 20.106
202209 19.220 296.808 21.625
202212 19.847 296.797 22.332
202303 20.447 301.836 22.623
202306 19.057 305.109 20.859
202309 19.621 307.789 21.289
202312 19.911 306.746 21.677
202403 20.095 312.332 21.486
202406 19.541 314.175 20.771
202409 20.433 315.301 21.642
202412 20.772 315.605 21.980
202503 21.573 319.799 22.528
202506 20.466 322.561 21.189
202509 20.935 324.800 21.525
202512 21.660 324.054 22.322
202603 23.192 330.213 23.455
202606 23.038 333.952 23.038

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$20.72 mean?
ICP DAS Co (ROCO:3577) has a Cyclically Adjusted Book per Share of NT$20.72 as of Jun. 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 ICP DAS Co and its competitors.
Is ICP DAS Co's Cyclically Adjusted Book per Share too high?
ICP DAS Co's current Cyclically Adjusted Book per Share is NT$20.72. Overall, ICP DAS Co has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ICP DAS Co's Cyclically Adjusted Book per Share compare to CSCO and MSI?
ICP DAS Co's Cyclically Adjusted Book per Share of NT$20.72 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 ICP DAS Co and its competitors. ICP DAS Co's current Cyclically Adjusted Book per Share is NT$20.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICP DAS Co stock overvalued right now?
Based on GuruFocus' analysis, ICP DAS Co (ROCO:3577) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$87.61, compared to a current price of NT$114.00 — trading 30.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$20.72. ICP DAS Co's overall GF Score™ is 76/100 with 2 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 ICP DAS Co (ROCO:3577), the current Cyclically Adjusted Book per Share is NT$20.72 as of Jun. 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 ICP DAS Co (ROCO:3577) Overvalued in 2026?

Based on GuruFocus' analysis, ICP DAS Co stock appears to be overvalued. The current stock price of NT$114.00 is trading 30.1% above its estimated GF Value™ of NT$87.61. GuruFocus considers ICP DAS Co to be Modestly Overvalued.

Key valuation signals for ROCO:3577:

  • Cyclically Adjusted Book per Share: NT$20.72
  • GF Value™: NT$87.61 vs. price of NT$114.00 (30.1% above fair value)
  • GF Score™: 76/100 with 2 warning signs

No single metric tells the full story. See the ROCO:3577 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ICP DAS Co Business Description

Address No. 111, Guangfu North Road, Hsinchu Industrial Zone, Hukou Township, Hsinchu, TWN, 30351
ICP DAS Co Ltd is a Taiwan based company engaged in the production and sale of industrial computer hardware, software and peripheral equipment. Its products include programmable automation controllers, PC based I/O boards, machine automation products, industrial communication products, wireless modems, intelligent power meters and others. The company also geographically operates in Taiwan, Mainland China, United States, Germany, UAE and Others. It derives maximum revenue from Taiwan.
76GF Score

Get the complete analysis for ROCO:3577

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

NT$114.00
Price
NT$87.61
GF Value