Wah Hong Industrial (ROCO:8240) Cyclically Adjusted Book per Share: NT$48.53 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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ROCO:8240 Wah Hong Industrial Corp ROCO:8240
56 GF Score
Price NT$47.50
GF Value NT$33.36
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Wah Hong Industrial Cyclically Adjusted Book per Share?

Wah Hong Industrial ROCO:8240 +6.03% 56 Cyclically Adjusted Book per Share is NT$48.53 as of Jun. 2026. GuruFocus rates ROCO:8240 with a GF Score™ of 56/100 and a GF Value™ of NT$33.36 (Significantly 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.

Wah Hong Industrial's adjusted book value per share for the three months ended in Jun. 2026 was NT$47.928. 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$48.53 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -0.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 0.90% 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 Wah Hong Industrial was 2.40% per year. The lowest was -0.80% per year. And the median was 1.55% per year.

As of today (2026-08-31), Wah Hong Industrial's current stock price is NT$47.50. Wah Hong Industrial's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$48.53. Wah Hong Industrial's Cyclically Adjusted PB Ratio of today is 0.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Wah Hong Industrial was 1.41. The lowest was 0.38. And the median was 0.68.


Wah Hong Industrial  (ROCO:8240) 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.

Wah Hong Industrial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=47.50/48.53
=0.98

* 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 Wah Hong Industrial was 1.41. The lowest was 0.38. And the median was 0.68.


Be Aware

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


Wah Hong Industrial Cyclically Adjusted Book per Share Related Terms


Wah Hong Industrial Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Wah Hong Industrial'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.

Wah Hong Industrial Cyclically Adjusted Book per Share Chart

Wah Hong Industrial 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 47.54 49.01 48.82 48.52 47.81

Wah Hong Industrial 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 48.55 48.38 47.81 48.28 48.53

ROCO:8240 vs APH, GLW, TEL: Cyclically Adjusted Book per Share Comparison

For the Electronic Components subindustry, Wah Hong Industrial'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.


Wah Hong Industrial Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Wah Hong Industrial's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Wah Hong Industrial's Cyclically Adjusted PB Ratio falls into.


ROCO:8240
56GF Score
Wah Hong Industrial Corp ROCO:8240
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wah Hong Industrial 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, Wah Hong Industrial'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)
=47.928/333.9520*333.9520
=47.928

Current CPI (Jun. 2026) = 333.9520.

Wah Hong Industrial Quarterly Data

Book Value per Share CPI Adj_Book
201609 41.444 241.428 57.327
201612 36.938 241.432 51.093
201703 35.521 243.801 48.656
201706 35.547 244.955 48.462
201709 36.137 246.819 48.894
201712 36.846 246.524 49.913
201803 37.220 249.554 49.808
201806 37.920 251.989 50.254
201809 37.466 252.439 49.564
201812 37.670 251.233 50.073
201903 38.375 254.202 50.414
201906 37.497 256.143 48.888
201909 37.842 256.759 49.219
201912 38.024 256.974 49.414
202003 38.049 258.115 49.228
202006 36.758 257.797 47.617
202009 37.956 260.280 48.699
202012 39.296 260.474 50.381
202103 40.078 264.877 50.530
202106 40.109 271.696 49.300
202109 39.212 274.310 47.738
202112 42.091 278.802 50.417
202203 44.007 287.504 51.117
202206 40.792 296.311 45.974
202209 41.685 296.808 46.902
202212 41.807 296.797 47.041
202303 40.579 301.836 44.897
202306 40.476 305.109 44.302
202309 42.965 307.789 46.617
202312 42.612 306.746 46.391
202403 43.428 312.332 46.434
202406 46.339 314.175 49.256
202409 46.904 315.301 49.679
202412 46.980 315.605 49.711
202503 44.939 319.799 46.928
202506 42.110 322.561 43.597
202509 43.712 324.800 44.944
202512 45.552 324.054 46.943
202603 46.007 330.213 46.528
202606 47.928 333.952 47.928

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$48.53 mean?
Wah Hong Industrial (ROCO:8240) has a Cyclically Adjusted Book per Share of NT$48.53 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 Wah Hong Industrial and its competitors.
Is Wah Hong Industrial's Cyclically Adjusted Book per Share too high?
Wah Hong Industrial's current Cyclically Adjusted Book per Share is NT$48.53. Overall, Wah Hong Industrial has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wah Hong Industrial's Cyclically Adjusted Book per Share compare to APH and GLW?
Wah Hong Industrial's Cyclically Adjusted Book per Share of NT$48.53 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 Wah Hong Industrial and its competitors. Wah Hong Industrial's current Cyclically Adjusted Book per Share is NT$48.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wah Hong Industrial stock overvalued right now?
Based on GuruFocus' analysis, Wah Hong Industrial (ROCO:8240) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$33.36, compared to a current price of NT$47.50 — trading 42.4% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$48.53. Wah Hong Industrial's overall GF Score™ is 56/100 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 Wah Hong Industrial (ROCO:8240), the current Cyclically Adjusted Book per Share is NT$48.53 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 Wah Hong Industrial (ROCO:8240) Overvalued in 2026?

Based on GuruFocus' analysis, Wah Hong Industrial stock appears to be overvalued. The current stock price of NT$47.50 is trading 42.4% above its estimated GF Value™ of NT$33.36. GuruFocus considers Wah Hong Industrial to be Significantly Overvalued.

Key valuation signals for ROCO:8240:

  • Cyclically Adjusted Book per Share: NT$48.53
  • GF Value™: NT$33.36 vs. price of NT$47.50 (42.4% above fair value)
  • GF Score™: 56/100 with 3 warning signs

No single metric tells the full story. See the ROCO:8240 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wah Hong Industrial Business Description

Address No.235 Zhongzheng 4th Road, 6&7, 11th Floor, Kaohsiung, TWN
Wah Hong Industrial Corp is engaged in the manufacturing and trading of materials of LCD (Diffusion, Reflection films etc.), materials of Bulk Molding Compounds (BMC) and Molding products etc. Its segments include Wah Hong Industrial Corporation (Taiwan), Wah Hong International Ltd., Sun Hong and Xiamen Guang Hong (South China), and Wah Hong Technology Ltd., SIP Chang Hong, SIP Chang Jun, Ningbo Changhong, Qingdao Changhong, Chang Hong (HK), Ningbo Changli, Smart Succeed Ltd., Granite International Ltd., Allied Royal LLC., Suzhou Alliance and Best Honor Inc. (Eastern China). It derives the majority of revenue from Eastern China segment.
56GF Score

Get the complete analysis for ROCO:8240

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

NT$47.50
Price
NT$33.36
GF Value