Force Mos Technology Co (ROCO:4923) Cyclically Adjusted Book per Share: NT$18.88 (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:4923 Force Mos Technology Co Ltd ROCO:4923
64 GF Score
Price NT$50.40
GF Value NT$43.96
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Force Mos Technology Co Cyclically Adjusted Book per Share?

Force Mos Technology Co ROCO:4923 -4.36% 64 Cyclically Adjusted Book per Share is NT$18.88 as of Jun. 2026. GuruFocus rates ROCO:4923 with a GF Score™ of 64/100 and a GF Value™ of NT$43.96 (Modestly Overvalued). The stock has 3 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.

Force Mos Technology Co's adjusted book value per share for the three months ended in Jun. 2026 was NT$16.294. 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$18.88 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Force Mos Technology Co's average Cyclically Adjusted Book Growth Rate was 2.50% 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.

As of today (2026-09-03), Force Mos Technology Co's current stock price is NT$50.40. Force Mos Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$18.88. Force Mos Technology Co's Cyclically Adjusted PB Ratio of today is 2.67.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Force Mos Technology Co was 3.35. The lowest was 1.43. And the median was 1.78.


Force Mos Technology Co  (ROCO:4923) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.40/18.88
=2.67

* 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 Force Mos Technology Co was 3.35. The lowest was 1.43. And the median was 1.78.


Be Aware

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


Force Mos Technology Co Cyclically Adjusted Book per Share Related Terms


Force Mos Technology Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Force Mos 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.

Force Mos Technology Co Cyclically Adjusted Book per Share Chart

Force Mos 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 0.00 0.00 0.00 0.00 18.34

Force Mos Technology 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 18.42 18.48 18.34 18.61 18.88

ROCO:4923 vs NVDA, AVGO, MU: Cyclically Adjusted Book per Share Comparison

For the Semiconductors subindustry, Force Mos 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.


Force Mos Technology Co Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


ROCO:4923
64GF Score
Force Mos Technology Co Ltd ROCO:4923
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Force Mos 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, Force Mos Technology 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)
=16.294/333.9520*333.9520
=16.294

Current CPI (Jun. 2026) = 333.9520.

Force Mos Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201212 9.967 229.601 14.497
201306 10.459 233.504 14.958
201312 10.830 233.049 15.519
201406 10.544 238.343 14.774
201412 11.130 234.812 15.829
201506 10.496 238.638 14.688
201512 11.147 236.525 15.739
201606 10.539 241.018 14.603
201612 10.595 241.432 14.655
201706 9.647 244.955 13.152
201712 10.454 246.524 14.161
201806 11.588 251.989 15.357
201812 16.300 251.233 21.667
201906 14.638 256.143 19.085
201912 14.409 256.974 18.725
202006 14.011 257.797 18.150
202009 0.000 260.280 0.000
202012 14.849 260.474 19.038
202103 0.000 264.877 0.000
202106 15.809 271.696 19.431
202109 17.355 274.310 21.128
202112 18.705 278.802 22.405
202203 25.401 287.504 29.505
202206 23.650 296.311 26.654
202209 24.265 296.808 27.302
202212 24.556 296.797 27.630
202303 24.611 301.836 27.230
202306 22.024 305.109 24.106
202309 22.301 307.789 24.197
202312 22.250 306.746 24.223
202403 22.711 312.332 24.283
202406 19.848 314.175 21.097
202409 18.202 315.301 19.279
202412 17.548 315.605 18.568
202503 15.700 319.799 16.395
202506 13.616 322.561 14.097
202509 12.801 324.800 13.162
202512 12.284 324.054 12.659
202603 12.927 330.213 13.073
202606 16.294 333.952 16.294

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$18.88 mean?
Force Mos Technology Co (ROCO:4923) has a Cyclically Adjusted Book per Share of NT$18.88 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 Force Mos Technology Co and its competitors.
Is Force Mos Technology Co's Cyclically Adjusted Book per Share too high?
Force Mos Technology Co's current Cyclically Adjusted Book per Share is NT$18.88. Overall, Force Mos Technology Co has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Force Mos Technology Co's Cyclically Adjusted Book per Share compare to NVDA and AVGO?
Force Mos Technology Co's Cyclically Adjusted Book per Share of NT$18.88 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 Force Mos Technology Co and its competitors. Force Mos Technology Co's current Cyclically Adjusted Book per Share is NT$18.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Force Mos Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Force Mos Technology Co (ROCO:4923) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$43.96, compared to a current price of NT$50.40 — trading 14.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$18.88. Force Mos Technology Co's overall GF Score™ is 64/100 with 3 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 Force Mos Technology Co (ROCO:4923), the current Cyclically Adjusted Book per Share is NT$18.88 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 Force Mos Technology Co (ROCO:4923) Overvalued in 2026?

Based on GuruFocus' analysis, Force Mos Technology Co stock appears to be overvalued. The current stock price of NT$50.40 is trading 14.6% above its estimated GF Value™ of NT$43.96. GuruFocus considers Force Mos Technology Co to be Modestly Overvalued.

Key valuation signals for ROCO:4923:

  • Cyclically Adjusted Book per Share: NT$18.88
  • GF Value™: NT$43.96 vs. price of NT$50.40 (14.6% above fair value)
  • GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the ROCO:4923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Force Mos Technology Co Business Description

Address No. 555, Siyuan Road, 24 Floor, Xinzhuang District, New Taipei City, TWN, 242
Force Mos Technology Co Ltd is mainly engaged in the manufacture of electronic components, wholesale of electronic materials, information software services and international trading, etc. The Group operates only a single industry, and is mainly engaged in design, research, development, manufacture, test, and sales, etc. of professional power electronic component. The company's products and services includes TrenchMosfet, Wafer, Diode, Transistor, and ESD. The company has presence in Taiwan and Mainland China.
64GF Score

Get the complete analysis for ROCO:4923

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

NT$50.40
Price
NT$43.96
GF Value