Aspeed Technology (ROCO:5274) Cyclically Adjusted Book per Share: NT$85.71 (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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:5274 Aspeed Technology Inc ROCO:5274
82 GF Score
Price NT$13,905.00
GF Value NT$8,252.78
Valuation Significantly Overvalued
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What is Aspeed Technology Cyclically Adjusted Book per Share?

Aspeed Technology ROCO:5274 +0.04% 82 Cyclically Adjusted Book per Share is NT$85.71 as of Dec. 2025. GuruFocus rates ROCO:5274 with a GF Score™ of 82/100 and a GF Value™ of NT$8,252.78 (Significantly Overvalued).

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.

Aspeed Technology's adjusted book value per share for the three months ended in Dec. 2025 was NT$182.064. 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$85.71 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Aspeed Technology's average Cyclically Adjusted Book Growth Rate was 17.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.80% 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 Aspeed Technology was 17.30% per year. The lowest was 15.80% per year. And the median was 16.55% per year.

As of today (2026-07-17), Aspeed Technology's current stock price is NT$13905.00. Aspeed Technology's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$85.71. Aspeed Technology's Cyclically Adjusted PB Ratio of today is 162.23.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Aspeed Technology was 201.10. The lowest was 26.49. And the median was 45.71.


Aspeed Technology  (ROCO:5274) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=13905.00/85.71
=162.23

* 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 Aspeed Technology was 201.10. The lowest was 26.49. And the median was 45.71.


Be Aware

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


Aspeed Technology Cyclically Adjusted Book per Share Related Terms


Aspeed Technology Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Aspeed Technology'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.

Aspeed Technology Cyclically Adjusted Book per Share Chart

Aspeed Technology 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 45.19 55.15 63.04 72.90 85.71

Aspeed Technology 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 72.90 75.77 78.78 82.29 85.71

ROCO:5274 vs NVDA, AVGO, MU: Cyclically Adjusted Book per Share Comparison

For the Semiconductors subindustry, Aspeed Technology'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.


Aspeed Technology Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


ROCO:5274
82GF Score
Aspeed Technology Inc ROCO:5274
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aspeed Technology 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, Aspeed Technology'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)
=182.064/324.0540*324.0540
=182.064

Current CPI (Dec. 2025) = 324.0540.

Aspeed Technology Quarterly Data

Book Value per Share CPI Adj_Book
201603 31.031 238.132 42.228
201606 26.867 241.018 36.123
201609 29.832 241.428 40.042
201612 46.432 241.432 62.322
201703 50.080 243.801 66.565
201706 43.145 244.955 57.077
201709 47.041 246.819 61.761
201712 50.603 246.524 66.517
201803 55.265 249.554 71.763
201806 47.608 251.989 61.223
201809 52.297 252.439 67.133
201812 56.502 251.233 72.879
201903 62.857 254.202 80.129
201906 52.455 256.143 66.362
201909 57.951 256.759 73.140
201912 63.665 256.974 80.284
202003 53.055 258.115 66.609
202006 61.026 257.797 76.710
202009 66.622 260.280 82.946
202012 72.331 260.474 89.987
202103 59.507 264.877 72.802
202106 66.834 271.696 79.713
202109 75.112 274.310 88.733
202112 85.274 278.802 99.115
202203 70.964 287.504 79.986
202206 92.956 296.311 101.659
202209 98.962 296.808 108.046
202212 107.871 296.797 117.778
202303 71.758 301.836 77.040
202306 77.881 305.109 82.717
202309 84.631 307.789 89.103
202312 92.162 306.746 97.362
202403 83.579 312.332 86.716
202406 95.934 314.175 98.951
202409 113.500 315.301 116.651
202412 135.549 315.605 139.178
202503 109.723 319.799 111.183
202506 124.428 322.561 125.004
202509 153.123 324.800 152.771
202512 182.064 324.054 182.064

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$85.71 mean?
Aspeed Technology (ROCO:5274) has a Cyclically Adjusted Book per Share of NT$85.71 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 Aspeed Technology and its competitors.
Is Aspeed Technology's Cyclically Adjusted Book per Share too high?
Aspeed Technology's current Cyclically Adjusted Book per Share is NT$85.71. Overall, Aspeed Technology has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspeed Technology's Cyclically Adjusted Book per Share compare to NVDA and AVGO?
Aspeed Technology's Cyclically Adjusted Book per Share of NT$85.71 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 Aspeed Technology and its competitors. Aspeed Technology's current Cyclically Adjusted Book per Share is NT$85.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspeed Technology stock overvalued right now?
Based on GuruFocus' analysis, Aspeed Technology (ROCO:5274) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8,252.78, compared to a current price of NT$13,905.00 — trading 68.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$85.71. Aspeed Technology's overall GF Score™ is 82/100. 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 Aspeed Technology (ROCO:5274), the current Cyclically Adjusted Book per Share is NT$85.71 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 Aspeed Technology (ROCO:5274) Overvalued in 2026?

Based on GuruFocus' analysis, Aspeed Technology stock appears to be overvalued. The current stock price of NT$13,905.00 is trading 68.5% above its estimated GF Value™ of NT$8,252.78. GuruFocus considers Aspeed Technology to be Significantly Overvalued.

Key valuation signals for ROCO:5274:

  • Cyclically Adjusted Book per Share: NT$85.71
  • GF Value™: NT$8,252.78 vs. price of NT$13,905.00 (68.5% above fair value)
  • GF Score™: 82/100

No single metric tells the full story. See the ROCO:5274 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aspeed Technology Business Description

Address Gongdao 5th Road, 4th Floor, No. 1, Section 3, East District, Hsinchu, TWN, 300042
Aspeed Technology Inc is an IC design house in Server Management, PC/AV extension solutions, Desktop Virtualization and security enhancement. The company is engaged in the manufacturing of electronic products, wholesale of information software, retail and service industry, international trade, intellectual property, product design, and other industrial and commercial services. It operates through Multimedia Integrated Circuits (ICs); Computer Peripherals Oriented ICs; and Other segments. The company generates maximum of its revenue from Multimedia Integrated Circuits (ICs) segment.
82GF Score

Get the complete analysis for ROCO:5274

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

NT$13,905.00
Price
NT$8,252.78
GF Value