Shihlin Electric & Engineering (TPE:1503) Cyclically Adjusted Book per Share: NT$63.97 (As of Jun. 2026)

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.

TPE:1503 Shihlin Electric & Engineering Corp TPE:1503
93 GF Score
Price NT$202.00
GF Value NT$212.04
Valuation Fairly Valued
View Full Analysis

What is Shihlin Electric & Engineering Cyclically Adjusted Book per Share?

Shihlin Electric & Engineering TPE:1503 -1.46% 93 Cyclically Adjusted Book per Share is NT$63.97 as of Jun. 2026. GuruFocus rates TPE:1503 with a GF Score™ of 93/100 and a GF Value™ of NT$212.04 (Fairly Valued).

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.

Shihlin Electric & Engineering's adjusted book value per share for the three months ended in Jun. 2026 was NT$74.277. 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$63.97 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Shihlin Electric & Engineering's average Cyclically Adjusted Book Growth Rate was 6.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 5.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.80% 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 Shihlin Electric & Engineering was 7.50% per year. The lowest was 5.90% per year. And the median was 6.50% per year.

As of today (2026-09-13), Shihlin Electric & Engineering's current stock price is NT$202.00. Shihlin Electric & Engineering's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$63.97. Shihlin Electric & Engineering's Cyclically Adjusted PB Ratio of today is 3.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shihlin Electric & Engineering was 5.96. The lowest was 0.92. And the median was 1.21.


Shihlin Electric & Engineering  (TPE:1503) 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.

Shihlin Electric & Engineering's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=202.00/63.97
=3.16

* 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 Shihlin Electric & Engineering was 5.96. The lowest was 0.92. And the median was 1.21.


Be Aware

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


Shihlin Electric & Engineering Cyclically Adjusted Book per Share Related Terms


Shihlin Electric & Engineering Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Shihlin Electric & Engineering'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.

Shihlin Electric & Engineering Cyclically Adjusted Book per Share Chart

Shihlin Electric & Engineering 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 48.02 51.61 54.47 58.23 61.26

Shihlin Electric & Engineering 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 60.30 61.07 61.26 62.81 63.97

TPE:1503 vs VRT, BE: Cyclically Adjusted Book per Share Comparison

For the Electrical Equipment & Parts subindustry, Shihlin Electric & Engineering'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.


Shihlin Electric & Engineering Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shihlin Electric & Engineering's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Shihlin Electric & Engineering's Cyclically Adjusted PB Ratio falls into.


TPE:1503
93GF Score
Shihlin Electric & Engineering Corp TPE:1503
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shihlin Electric & Engineering 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, Shihlin Electric & Engineering'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)
=74.277/333.9520*333.9520
=74.277

Current CPI (Jun. 2026) = 333.9520.

Shihlin Electric & Engineering Quarterly Data

Book Value per Share CPI Adj_Book
201609 40.956 241.428 56.652
201612 41.026 241.432 56.748
201703 41.363 243.801 56.658
201706 40.841 244.955 55.679
201709 41.749 246.819 56.487
201712 42.078 246.524 57.001
201803 43.935 249.554 58.794
201806 43.347 251.989 57.446
201809 44.199 252.439 58.471
201812 44.407 251.233 59.028
201903 45.557 254.202 59.849
201906 45.017 256.143 58.692
201909 45.509 256.759 59.191
201912 46.391 256.974 60.288
202003 46.501 258.115 60.164
202006 46.335 257.797 60.023
202009 47.405 260.280 60.823
202012 48.318 260.474 61.948
202103 49.463 264.877 62.362
202106 50.823 271.696 62.469
202109 49.567 274.310 60.344
202112 50.771 278.802 60.814
202203 52.776 287.504 61.302
202206 51.923 296.311 58.519
202209 52.510 296.808 59.081
202212 53.827 296.797 60.565
202303 57.319 301.836 63.418
202306 61.777 305.109 67.617
202309 61.201 307.789 66.403
202312 62.240 306.746 67.760
202403 76.126 312.332 81.396
202406 76.510 314.175 81.326
202409 73.370 315.301 77.710
202412 72.054 315.605 76.243
202503 71.250 319.799 74.403
202506 69.320 322.561 71.768
202509 69.754 324.800 71.719
202512 69.663 324.054 71.791
202603 72.871 330.213 73.696
202606 74.277 333.952 74.277

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$63.97 mean?
Shihlin Electric & Engineering (TPE:1503) has a Cyclically Adjusted Book per Share of NT$63.97 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 Shihlin Electric & Engineering and its competitors.
Is Shihlin Electric & Engineering's Cyclically Adjusted Book per Share too high?
Shihlin Electric & Engineering's current Cyclically Adjusted Book per Share is NT$63.97. Overall, Shihlin Electric & Engineering has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shihlin Electric & Engineering's Cyclically Adjusted Book per Share compare to VRT and BE?
Shihlin Electric & Engineering's Cyclically Adjusted Book per Share of NT$63.97 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Cyclically Adjusted Book per Share depends on the Industrial Products 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 Shihlin Electric & Engineering and its competitors. Shihlin Electric & Engineering's current Cyclically Adjusted Book per Share is NT$63.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shihlin Electric & Engineering stock overvalued right now?
Based on GuruFocus' analysis, Shihlin Electric & Engineering (TPE:1503) is currently considered Fairly Valued. The stock's GF Value™ is NT$212.04, compared to a current price of NT$202.00 — trading 4.7% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$63.97. Shihlin Electric & Engineering's overall GF Score™ is 93/100. 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 Shihlin Electric & Engineering (TPE:1503), the current Cyclically Adjusted Book per Share is NT$63.97 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 Shihlin Electric & Engineering (TPE:1503) Overvalued in 2026?

Based on GuruFocus' analysis, Shihlin Electric & Engineering stock appears to be undervalued. The current stock price of NT$202.00 is trading 4.7% below its estimated GF Value™ of NT$212.04. GuruFocus considers Shihlin Electric & Engineering to be Fairly Valued.

Key valuation signals for TPE:1503:

  • Cyclically Adjusted Book per Share: NT$63.97
  • GF Value™: NT$212.04 vs. price of NT$202.00 (4.7% below fair value)
  • GF Score™: 93/100

No single metric tells the full story. See the TPE:1503 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shihlin Electric & Engineering Business Description

Address No. 88, Zhongshan North Road, Section 6, 16th Floor, Taipei, TWN, 111
Shihlin Electric & Engineering Corp is engaged in the manufacture of heavy electrical equipment, electrical machinery, electrical automotive equipment and related parts, and the sale and lease of commercial buildings. Its product portfolio comprises low-voltage switches, solar inverters, charging stations, power transformers, capacitors, switchboards, etc. The group has four reportable segments: Electric Distribution, Automobile Parts, Automation Equipment and Parts, and Other. The majority of its revenue is generated by the Electric Distribution segment, which manufactures and sells heavy electric equipment. Geographically, it generates maximum revenue from Taiwan, followed by Mainland China, Vietnam, and other regions.
93GF Score

Get the complete analysis for TPE:1503

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

NT$202.00
Price
NT$212.04
GF Value