S&S Healthcare Holding (ROCO:4198) Cyclically Adjusted Book per Share: NT$38.01 (As of Dec. 2025)

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ROCO:4198 S&S Healthcare Holding Ltd ROCO:4198
54 GF Score
Price NT$38.05
GF Value NT$23.67
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is S&S Healthcare Holding Cyclically Adjusted Book per Share?

S&S Healthcare Holding ROCO:4198 -5.11% 54 Cyclically Adjusted Book per Share is NT$38.01 as of Dec. 2025. GuruFocus rates ROCO:4198 with a GF Score™ of 54/100 and a GF Value™ of NT$23.67 (Significantly Overvalued). The stock has 1 warning sign 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.

S&S Healthcare Holding's adjusted book value per share for the three months ended in Dec. 2025 was NT$9.395. 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$38.01 for the trailing ten years ended in Dec. 2025.

During the past 12 months, S&S Healthcare Holding's average Cyclically Adjusted Book Growth Rate was -38.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -25.30% 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 S&S Healthcare Holding was -25.30% per year. The lowest was -25.30% per year. And the median was -25.30% per year.

As of today (2026-07-20), S&S Healthcare Holding's current stock price is NT$38.05. S&S Healthcare Holding's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$38.01. S&S Healthcare Holding's Cyclically Adjusted PB Ratio of today is 1.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of S&S Healthcare Holding was 1.19. The lowest was 0.22. And the median was 0.51.


S&S Healthcare Holding  (ROCO:4198) 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.

S&S Healthcare Holding's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=38.05/38.01
=1.00

* 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 S&S Healthcare Holding was 1.19. The lowest was 0.22. And the median was 0.51.


Be Aware

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


S&S Healthcare Holding Cyclically Adjusted Book per Share Related Terms


S&S Healthcare Holding Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for S&S Healthcare Holding'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.

S&S Healthcare Holding Cyclically Adjusted Book per Share Chart

S&S Healthcare Holding 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 0.00 91.30 82.08 61.53 38.01

S&S Healthcare Holding 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 61.53 54.67 48.95 43.39 38.01

ROCO:4198 vs ABT, SYK, MDT: Cyclically Adjusted Book per Share Comparison

For the Medical Devices subindustry, S&S Healthcare Holding'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.


S&S Healthcare Holding Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, S&S Healthcare Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where S&S Healthcare Holding's Cyclically Adjusted PB Ratio falls into.


ROCO:4198
54GF Score
S&S Healthcare Holding Ltd ROCO:4198
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

S&S Healthcare Holding 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, S&S Healthcare Holding'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)
=9.395/324.0540*324.0540
=9.395

Current CPI (Dec. 2025) = 324.0540.

S&S Healthcare Holding Quarterly Data

Book Value per Share CPI Adj_Book
201603 145.859 238.132 198.487
201606 131.634 241.018 176.985
201609 115.856 241.428 155.506
201612 104.380 241.432 140.101
201703 87.627 243.801 116.472
201706 76.530 244.955 101.242
201709 64.156 246.819 84.232
201712 54.667 246.524 71.859
201803 43.973 249.554 57.100
201806 38.040 251.989 48.919
201809 32.858 252.439 42.180
201812 28.295 251.233 36.496
201903 24.583 254.202 31.338
201906 22.119 256.143 27.983
201909 18.500 256.759 23.349
201912 11.749 256.974 14.816
202003 11.401 258.115 14.314
202006 8.819 257.797 11.086
202009 6.966 260.280 8.673
202012 5.172 260.474 6.434
202103 3.265 264.877 3.994
202106 6.561 271.696 7.825
202109 4.782 274.310 5.649
202112 3.414 278.802 3.968
202203 1.228 287.504 1.384
202206 0.020 296.311 0.022
202209 5.837 296.808 6.373
202212 6.118 296.797 6.680
202303 5.532 301.836 5.939
202306 5.387 305.109 5.721
202309 5.909 307.789 6.221
202312 12.475 306.746 13.179
202403 11.660 312.332 12.098
202406 11.197 314.175 11.549
202409 10.724 315.301 11.022
202412 10.820 315.605 11.110
202503 10.621 319.799 10.762
202506 10.009 322.561 10.055
202509 9.720 324.800 9.698
202512 9.395 324.054 9.395

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$38.01 mean?
S&S Healthcare Holding (ROCO:4198) has a Cyclically Adjusted Book per Share of NT$38.01 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 S&S Healthcare Holding and its competitors.
Is S&S Healthcare Holding's Cyclically Adjusted Book per Share too high?
S&S Healthcare Holding's current Cyclically Adjusted Book per Share is NT$38.01. Overall, S&S Healthcare Holding has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S&S Healthcare Holding's Cyclically Adjusted Book per Share compare to ABT and SYK?
S&S Healthcare Holding's Cyclically Adjusted Book per Share of NT$38.01 can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Cyclically Adjusted Book per Share depends on the Medical Devices & Instruments 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 S&S Healthcare Holding and its competitors. S&S Healthcare Holding's current Cyclically Adjusted Book per Share is NT$38.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S&S Healthcare Holding stock overvalued right now?
Based on GuruFocus' analysis, S&S Healthcare Holding (ROCO:4198) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$23.67, compared to a current price of NT$38.05 — trading 60.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$38.01. S&S Healthcare Holding's overall GF Score™ is 54/100 with 1 warning sign 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 S&S Healthcare Holding (ROCO:4198), the current Cyclically Adjusted Book per Share is NT$38.01 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 S&S Healthcare Holding (ROCO:4198) Overvalued in 2026?

Based on GuruFocus' analysis, S&S Healthcare Holding stock appears to be overvalued. The current stock price of NT$38.05 is trading 60.8% above its estimated GF Value™ of NT$23.67. GuruFocus considers S&S Healthcare Holding to be Significantly Overvalued.

Key valuation signals for ROCO:4198:

  • Cyclically Adjusted Book per Share: NT$38.01
  • GF Value™: NT$23.67 vs. price of NT$38.05 (60.8% above fair value)
  • GF Score™: 54/100 with 1 warning sign

No single metric tells the full story. See the ROCO:4198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


S&S Healthcare Holding Business Description

Address 7th Floor, Number 89, Xinhu 1st Road, Taipei, TWN, 114
S&S Healthcare Holding Ltd, formerly Swissray Global Healthcare Holding Ltd is involved in providing DR systems designed for any application in general radiography. The product divisions of the company cover Swissray DDR systems, Novadaq, and EZ2GO. The main business projects of the company and its subsidiaries are the research and development, manufacturing, sales, and maintenance services of high-end medical equipment and the manufacturing and sales of basic medical equipment.
54GF Score

Get the complete analysis for ROCO:4198

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

NT$38.05
Price
NT$23.67
GF Value