CKM Applied Materials (ROCO:8930) Cyclically Adjusted Book per Share: NT$17.79 (As of Dec. 2025)

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:8930 CKM Applied Materials Corp ROCO:8930
88 GF Score
Price NT$31.25
GF Value NT$31.89
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is CKM Applied Materials Cyclically Adjusted Book per Share?

CKM Applied Materials ROCO:8930 +2.80% 88 Cyclically Adjusted Book per Share is NT$17.79 as of Dec. 2025. GuruFocus rates ROCO:8930 with a GF Score™ of 88/100 and a GF Value™ of NT$31.89 (Fairly Valued). The stock has 4 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.

CKM Applied Materials's adjusted book value per share for the three months ended in Dec. 2025 was NT$18.217. 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$17.79 for the trailing ten years ended in Dec. 2025.

During the past 12 months, CKM Applied Materials's average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.20% 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 CKM Applied Materials was 6.50% per year. The lowest was 3.40% per year. And the median was 5.50% per year.

As of today (2026-07-14), CKM Applied Materials's current stock price is NT$31.25. CKM Applied Materials's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$17.79. CKM Applied Materials's Cyclically Adjusted PB Ratio of today is 1.76.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of CKM Applied Materials was 2.58. The lowest was 0.74. And the median was 1.19.


CKM Applied Materials  (ROCO:8930) 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.

CKM Applied Materials's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=31.25/17.79
=1.76

* 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 CKM Applied Materials was 2.58. The lowest was 0.74. 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.


CKM Applied Materials Cyclically Adjusted Book per Share Related Terms


CKM Applied Materials Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for CKM Applied Materials'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.

CKM Applied Materials Cyclically Adjusted Book per Share Chart

CKM Applied Materials 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 14.88 16.07 16.66 17.25 17.79

CKM Applied Materials 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 17.25 17.48 17.64 17.79 17.79

ROCO:8930 vs TT, JCI, CARR: Cyclically Adjusted Book per Share Comparison

For the Building Products & Equipment subindustry, CKM Applied Materials'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.


CKM Applied Materials Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, CKM Applied Materials's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CKM Applied Materials's Cyclically Adjusted PB Ratio falls into.


ROCO:8930
88GF Score
CKM Applied Materials Corp ROCO:8930
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CKM Applied Materials 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, CKM Applied Materials'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)
=18.217/324.0540*324.0540
=18.217

Current CPI (Dec. 2025) = 324.0540.

CKM Applied Materials Quarterly Data

Book Value per Share CPI Adj_Book
201603 11.305 238.132 15.384
201606 11.418 241.018 15.352
201609 11.392 241.428 15.291
201612 12.267 241.432 16.465
201703 14.149 243.801 18.806
201706 13.862 244.955 18.338
201709 14.150 246.819 18.578
201712 14.399 246.524 18.927
201803 14.702 249.554 19.091
201806 14.307 251.989 18.399
201809 14.257 252.439 18.302
201812 14.575 251.233 18.800
201903 14.964 254.202 19.076
201906 14.627 256.143 18.505
201909 14.671 256.759 18.516
201912 14.825 256.974 18.695
202003 14.068 258.115 17.662
202006 14.166 257.797 17.807
202009 14.333 260.280 17.845
202012 14.509 260.474 18.051
202103 14.377 264.877 17.589
202106 14.660 271.696 17.485
202109 14.699 274.310 17.365
202112 14.899 278.802 17.317
202203 14.572 287.504 16.425
202206 15.161 296.311 16.580
202209 15.814 296.808 17.266
202212 16.219 296.797 17.709
202303 15.862 301.836 17.030
202306 16.713 305.109 17.751
202309 17.758 307.789 18.696
202312 18.294 306.746 19.326
202403 16.694 312.332 17.321
202406 17.435 314.175 17.983
202409 18.024 315.301 18.524
202412 18.835 315.605 19.339
202503 16.698 319.799 16.920
202506 16.999 322.561 17.078
202509 18.012 324.800 17.971
202512 18.217 324.054 18.217

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$17.79 mean?
CKM Applied Materials (ROCO:8930) has a Cyclically Adjusted Book per Share of NT$17.79 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 CKM Applied Materials and its competitors.
Is CKM Applied Materials' Cyclically Adjusted Book per Share too high?
CKM Applied Materials' current Cyclically Adjusted Book per Share is NT$17.79. Overall, CKM Applied Materials has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CKM Applied Materials' Cyclically Adjusted Book per Share compare to TT and JCI?
CKM Applied Materials' Cyclically Adjusted Book per Share of NT$17.79 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction 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 CKM Applied Materials and its competitors. CKM Applied Materials's current Cyclically Adjusted Book per Share is NT$17.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CKM Applied Materials stock overvalued right now?
Based on GuruFocus' analysis, CKM Applied Materials (ROCO:8930) is currently considered Fairly Valued. The stock's GF Value™ is NT$31.89, compared to a current price of NT$31.25 — trading 2% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$17.79. CKM Applied Materials' overall GF Score™ is 88/100 with 4 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 CKM Applied Materials (ROCO:8930), the current Cyclically Adjusted Book per Share is NT$17.79 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 CKM Applied Materials (ROCO:8930) Overvalued in 2026?

Based on GuruFocus' analysis, CKM Applied Materials stock appears to be undervalued. The current stock price of NT$31.25 is trading 2% below its estimated GF Value™ of NT$31.89. GuruFocus considers CKM Applied Materials to be Fairly Valued.

Key valuation signals for ROCO:8930:

  • Cyclically Adjusted Book per Share: NT$17.79
  • GF Value™: NT$31.89 vs. price of NT$31.25 (2% below fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the ROCO:8930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CKM Applied Materials Business Description

Address No. 9, Gongye Road, Guantian District, Tainan, TWN, 720008
CKM Applied Materials Corp is engaged in the manufacturing and sales of light steel frames, metal ceilings, and fireproof doors, along with related import and export operations, as well as the production and distribution of various machinery. It provides ceiling suspension systems, partition framework systems, and metal ceilings with a wide range of applications, including governmental buildings, hospitals, schools, department stores, hotels, factories, public buildings, residential buildings, and commercial buildings. Its products include Ceiling Suspension System, Metal Ceilings, and Micro-perforated acoustic products. The company has one reportable segment and is mainly engaged in the manufacturing and sales of a single product, light steel frames.
88GF Score

Get the complete analysis for ROCO:8930

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

NT$31.25
Price
NT$31.89
GF Value