Pacific Image Electronics Co (ROCO:6228) Cyclically Adjusted Book per Share: NT$15.30 (As of Dec. 2025)

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ROCO:6228 Pacific Image Electronics Co Ltd ROCO:6228
38 GF Score
Price NT$19.00
GF Value NT$29.27
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Pacific Image Electronics Co Cyclically Adjusted Book per Share?

Pacific Image Electronics Co ROCO:6228 +1.33% 38 Cyclically Adjusted Book per Share is NT$15.30 as of Dec. 2025. GuruFocus rates ROCO:6228 with a GF Score™ of 38/100 and a GF Value™ of NT$29.27 (Possible Value Trap). The stock has 5 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.

Pacific Image Electronics Co's adjusted book value per share for the three months ended in Dec. 2025 was NT$9.354. 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$15.30 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Pacific Image Electronics Co's average Cyclically Adjusted Book Growth Rate was -9.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -10.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -9.70% 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 Pacific Image Electronics Co was -7.70% per year. The lowest was -10.40% per year. And the median was -9.55% per year.

As of today (2026-07-21), Pacific Image Electronics Co's current stock price is NT$19.00. Pacific Image Electronics Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$15.30. Pacific Image Electronics Co's Cyclically Adjusted PB Ratio of today is 1.24.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Pacific Image Electronics Co was 4.04. The lowest was 0.44. And the median was 1.24.


Pacific Image Electronics Co  (ROCO:6228) 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.

Pacific Image Electronics Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=19.00/15.30
=1.24

* 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 Pacific Image Electronics Co was 4.04. The lowest was 0.44. And the median was 1.24.


Be Aware

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


Pacific Image Electronics Co Cyclically Adjusted Book per Share Related Terms


Pacific Image Electronics Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Pacific Image Electronics 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.

Pacific Image Electronics Co Cyclically Adjusted Book per Share Chart

Pacific Image Electronics 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 23.16 21.26 18.83 16.98 15.30

Pacific Image Electronics 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 16.98 16.64 16.25 15.83 15.30

ROCO:6228 vs SNDK, DELL, STX: Cyclically Adjusted Book per Share Comparison

For the Computer Hardware subindustry, Pacific Image Electronics 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.


Pacific Image Electronics Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

* The bar in red indicates where Pacific Image Electronics Co's Cyclically Adjusted PB Ratio falls into.


ROCO:6228
38GF Score
Pacific Image Electronics Co Ltd ROCO:6228
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pacific Image Electronics 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, Pacific Image Electronics 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)
=9.354/324.0540*324.0540
=9.354

Current CPI (Dec. 2025) = 324.0540.

Pacific Image Electronics Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 20.966 238.132 28.531
201606 19.742 241.018 26.544
201609 19.123 241.428 25.668
201612 18.072 241.432 24.257
201703 16.806 243.801 22.338
201706 15.776 244.955 20.870
201709 14.679 246.819 19.272
201712 14.925 246.524 19.619
201803 14.709 249.554 19.100
201806 14.016 251.989 18.024
201809 13.218 252.439 16.968
201812 14.139 251.233 18.237
201903 13.873 254.202 17.685
201906 13.327 256.143 16.860
201909 13.067 256.759 16.492
201912 12.205 256.974 15.391
202003 11.740 258.115 14.739
202006 11.560 257.797 14.531
202009 11.423 260.280 14.222
202012 10.834 260.474 13.479
202103 10.878 264.877 13.308
202106 11.226 271.696 13.389
202109 11.102 274.310 13.115
202112 11.314 278.802 13.150
202203 11.033 287.504 12.436
202206 10.769 296.311 11.777
202209 10.556 296.808 11.525
202212 10.195 296.797 11.131
202303 10.912 301.836 11.715
202306 10.652 305.109 11.313
202309 10.475 307.789 11.029
202312 9.817 306.746 10.371
202403 11.269 312.332 11.692
202406 11.032 314.175 11.379
202409 10.760 315.301 11.059
202412 10.572 315.605 10.855
202503 10.548 319.799 10.688
202506 9.835 322.561 9.881
202509 9.845 324.800 9.822
202512 9.354 324.054 9.354

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$15.30 mean?
Pacific Image Electronics Co (ROCO:6228) has a Cyclically Adjusted Book per Share of NT$15.30 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 Pacific Image Electronics Co and its competitors.
Is Pacific Image Electronics Co's Cyclically Adjusted Book per Share too high?
Pacific Image Electronics Co's current Cyclically Adjusted Book per Share is NT$15.30. Overall, Pacific Image Electronics Co has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pacific Image Electronics Co's Cyclically Adjusted Book per Share compare to SNDK and DELL?
Pacific Image Electronics Co's Cyclically Adjusted Book per Share of NT$15.30 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 Pacific Image Electronics Co and its competitors. Pacific Image Electronics Co's current Cyclically Adjusted Book per Share is NT$15.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Image Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Pacific Image Electronics Co (ROCO:6228) is currently considered Possible Value Trap. The stock's GF Value™ is NT$29.27, compared to a current price of NT$19.00 — trading 35.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$15.30. Pacific Image Electronics Co's overall GF Score™ is 38/100 with 5 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 Pacific Image Electronics Co (ROCO:6228), the current Cyclically Adjusted Book per Share is NT$15.30 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 Pacific Image Electronics Co (ROCO:6228) Overvalued in 2026?

Based on GuruFocus' analysis, Pacific Image Electronics Co stock appears to be undervalued. The current stock price of NT$19.00 is trading 35.1% below its estimated GF Value™ of NT$29.27. GuruFocus considers Pacific Image Electronics Co to be Possible Value Trap.

Key valuation signals for ROCO:6228:

  • Cyclically Adjusted Book per Share: NT$15.30
  • GF Value™: NT$29.27 vs. price of NT$19.00 (35.1% below fair value)
  • GF Score™: 38/100 with 5 warning signs

No single metric tells the full story. See the ROCO:6228 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pacific Image Electronics Co Business Description

Address Datong Road, Xizhi District, 7th Floor, No. 239, Sec. 1, New Taipei City, TWN, 221
Pacific Image Electronics Co Ltd is a scanning and imaging solution provider. It is engaged in the design and development of optical scanners, printers, and modems. The company provides design and manufacturing services to brands such as Kodak, KIS for film scanning solution.
38GF Score

Get the complete analysis for ROCO:6228

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

NT$19.00
Price
NT$29.27
GF Value