Bai ShA Technology Co (ROCO:8401) Cyclically Adjusted Book per Share: NT$15.58 (As of Dec. 2025)


ROCO:8401 Bai ShA Technology Co Ltd ROCO:8401
83 GF Score
Price NT$22.90
GF Value NT$21.66
Valuation Fairly Valued
! 2 Warning Signs
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What is Bai ShA Technology Co Cyclically Adjusted Book per Share?

Bai ShA Technology Co ROCO:8401 83 Cyclically Adjusted Book per Share is NT$15.58 as of Dec. 2025. GuruFocus rates ROCO:8401 with a GF Score™ of 83/100 and a GF Value™ of NT$21.66 (Fairly Valued). The stock has 2 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.

Bai ShA Technology Co's adjusted book value per share for the three months ended in Dec. 2025 was NT$17.168. 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$15.58 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Bai ShA Technology Co's average Cyclically Adjusted Book Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.70% 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 Bai ShA Technology Co was 5.30% per year. The lowest was 2.20% per year. And the median was 3.95% per year.

As of today (2026-07-12), Bai ShA Technology Co's current stock price is NT$22.90. Bai ShA Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$15.58. Bai ShA Technology Co's Cyclically Adjusted PB Ratio of today is 1.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bai ShA Technology Co was 2.11. The lowest was 0.67. And the median was 1.19.


Bai ShA Technology Co  (ROCO:8401) 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.

Bai ShA Technology Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=22.90/15.58
=1.47

* 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 Bai ShA Technology Co was 2.11. The lowest was 0.67. And the median was 1.19.


Be Aware

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


Bai ShA Technology Co Cyclically Adjusted Book per Share Related Terms


Bai ShA Technology Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bai ShA 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.

Bai ShA Technology Co Cyclically Adjusted Book per Share Chart

Bai ShA 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 13.81 14.59 15.03 15.28 15.58

Bai ShA Technology 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 15.28 15.41 15.52 15.62 15.58

ROCO:8401 vs CTAS, CPRT, ULS: Cyclically Adjusted Book per Share Comparison

For the Specialty Business Services subindustry, Bai ShA 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.


Bai ShA Technology Co Cyclically Adjusted PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Bai ShA Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:8401
83GF Score
Bai ShA Technology Co Ltd ROCO:8401
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bai ShA 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, Bai ShA Technology 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)
=17.168/324.0540*324.0540
=17.168

Current CPI (Dec. 2025) = 324.0540.

Bai ShA Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 12.490 238.132 16.997
201606 12.193 241.018 16.394
201609 11.691 241.428 15.692
201612 12.173 241.432 16.339
201703 12.199 243.801 16.215
201706 12.236 244.955 16.187
201709 12.791 246.819 16.794
201712 13.366 246.524 17.570
201803 13.282 249.554 17.247
201806 12.202 251.989 15.692
201809 12.331 252.439 15.829
201812 12.744 251.233 16.438
201903 12.580 254.202 16.037
201906 11.955 256.143 15.125
201909 11.982 256.759 15.122
201912 12.415 256.974 15.656
202003 11.888 258.115 14.925
202006 11.937 257.797 15.005
202009 12.177 260.280 15.161
202012 12.732 260.474 15.840
202103 12.368 264.877 15.131
202106 12.587 271.696 15.013
202109 12.792 274.310 15.112
202112 13.888 278.802 16.142
202203 12.697 287.504 14.311
202206 13.130 296.311 14.359
202209 13.681 296.808 14.937
202212 14.351 296.797 15.669
202303 12.755 301.836 13.694
202306 12.999 305.109 13.806
202309 13.427 307.789 14.137
202312 14.171 306.746 14.971
202403 13.981 312.332 14.506
202406 14.510 314.175 14.966
202409 15.096 315.301 15.515
202412 15.946 315.605 16.373
202503 14.962 319.799 15.161
202506 15.624 322.561 15.696
202509 16.254 324.800 16.217
202512 17.168 324.054 17.168

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$15.58 mean?
Bai ShA Technology Co (ROCO:8401) has a Cyclically Adjusted Book per Share of NT$15.58 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 Bai ShA Technology Co and its competitors.
Is Bai ShA Technology Co's Cyclically Adjusted Book per Share too high?
Bai ShA Technology Co's current Cyclically Adjusted Book per Share is NT$15.58. Overall, Bai ShA Technology Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bai ShA Technology Co's Cyclically Adjusted Book per Share compare to CTAS and CPRT?
Bai ShA Technology Co's Cyclically Adjusted Book per Share of NT$15.58 can be compared against companies in the Business Services 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 Business Services company?
A good Cyclically Adjusted Book per Share depends on the Business Services 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 Bai ShA Technology Co and its competitors. Bai ShA Technology Co's current Cyclically Adjusted Book per Share is NT$15.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bai ShA Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Bai ShA Technology Co (ROCO:8401) is currently considered Fairly Valued. The stock's GF Value™ is NT$21.66, compared to a current price of NT$22.90 — trading 5.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$15.58. Bai ShA Technology Co's overall GF Score™ is 83/100 with 2 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 Bai ShA Technology Co (ROCO:8401), the current Cyclically Adjusted Book per Share is NT$15.58 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 Bai ShA Technology Co (ROCO:8401) Overvalued in 2026?

Based on GuruFocus' analysis, Bai ShA Technology Co stock appears to be overvalued. The current stock price of NT$22.90 is trading 5.7% above its estimated GF Value™ of NT$21.66. GuruFocus considers Bai ShA Technology Co to be Fairly Valued.

Key valuation signals for ROCO:8401:

  • Cyclically Adjusted Book per Share: NT$15.58
  • GF Value™: NT$21.66 vs. price of NT$22.90 (5.7% above fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the ROCO:8401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bai ShA Technology Co Business Description

Address No.116, Sec. 1, Xiangshun Road, Taiping district, Taichung, TWN, 411042
Bai ShA Technology Co Ltd is a Taiwan based company engages in the production and sale of commercial printing products. Its products include business cards, posters, wedding invitations, envelopes, related business printings, books, and class books. Geographically the company operates from Taiwan region.
83GF Score

Get the complete analysis for ROCO:8401

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

NT$22.90
Price
NT$21.66
GF Value