Unitech Printed Circuit Board (TPE:2367) Cyclically Adjusted Book per Share: NT$18.97 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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TPE:2367 Unitech Printed Circuit Board Corp TPE:2367
59 GF Score
Price NT$44.10
GF Value NT$26.21
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Unitech Printed Circuit Board Cyclically Adjusted Book per Share?

Unitech Printed Circuit Board TPE:2367 -2.65% 59 Cyclically Adjusted Book per Share is NT$18.97 as of Mar. 2026. GuruFocus rates TPE:2367 with a GF Score™ of 59/100 and a GF Value™ of NT$26.21 (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.

Unitech Printed Circuit Board's adjusted book value per share for the three months ended in Mar. 2026 was NT$18.001. 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$18.97 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Unitech Printed Circuit Board's average Cyclically Adjusted Book Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.50% 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 Unitech Printed Circuit Board was 2.80% per year. The lowest was 0.10% per year. And the median was 2.00% per year.

As of today (2026-07-24), Unitech Printed Circuit Board's current stock price is NT$44.10. Unitech Printed Circuit Board's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$18.97. Unitech Printed Circuit Board's Cyclically Adjusted PB Ratio of today is 2.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Unitech Printed Circuit Board was 4.18. The lowest was 0.82. And the median was 1.22.


Unitech Printed Circuit Board  (TPE:2367) 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.

Unitech Printed Circuit Board's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=44.10/18.97
=2.32

* 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 Unitech Printed Circuit Board was 4.18. The lowest was 0.82. And the median was 1.22.


Be Aware

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


Unitech Printed Circuit Board Cyclically Adjusted Book per Share Related Terms


Unitech Printed Circuit Board Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Unitech Printed Circuit Board'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.

Unitech Printed Circuit Board Cyclically Adjusted Book per Share Chart

Unitech Printed Circuit Board 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 18.00 18.65 18.69 18.73 18.73

Unitech Printed Circuit Board Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 18.87 18.91 18.90 18.73 18.97

TPE:2367 vs APH, GLW: Cyclically Adjusted Book per Share Comparison

For the Electronic Components subindustry, Unitech Printed Circuit Board'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.


Unitech Printed Circuit Board Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Unitech Printed Circuit Board's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Unitech Printed Circuit Board's Cyclically Adjusted PB Ratio falls into.


TPE:2367
59GF Score
Unitech Printed Circuit Board Corp TPE:2367
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Unitech Printed Circuit Board 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, Unitech Printed Circuit Board's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=18.001/330.2130*330.2130
=18.001

Current CPI (Mar. 2026) = 330.2130.

Unitech Printed Circuit Board Quarterly Data

Book Value per Share CPI Adj_Book
201606 14.579 241.018 19.974
201609 14.085 241.428 19.265
201612 14.387 241.432 19.677
201703 14.129 243.801 19.137
201706 14.178 244.955 19.113
201709 14.646 246.819 19.595
201712 15.142 246.524 20.282
201803 15.229 249.554 20.151
201806 15.021 251.989 19.684
201809 15.195 252.439 19.876
201812 15.595 251.233 20.498
201903 16.044 254.202 20.841
201906 16.366 256.143 21.099
201909 17.268 256.759 22.208
201912 17.873 256.974 22.967
202003 17.622 258.115 22.544
202006 16.288 257.797 20.863
202009 15.734 260.280 19.961
202012 15.277 260.474 19.367
202103 17.183 264.877 21.421
202106 16.349 271.696 19.870
202109 15.248 274.310 18.355
202112 14.995 278.802 17.760
202203 14.825 287.504 17.027
202206 15.001 296.311 16.717
202209 16.464 296.808 18.317
202212 15.871 296.797 17.658
202303 15.090 301.836 16.509
202306 14.938 305.109 16.167
202309 15.130 307.789 16.232
202312 14.538 306.746 15.650
202403 15.264 312.332 16.138
202406 16.143 314.175 16.967
202409 16.603 315.301 17.388
202412 17.873 315.605 18.700
202503 18.682 319.799 19.290
202506 16.858 322.561 17.258
202509 17.269 324.800 17.557
202512 18.206 324.054 18.552
202603 18.001 330.213 18.001

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$18.97 mean?
Unitech Printed Circuit Board (TPE:2367) has a Cyclically Adjusted Book per Share of NT$18.97 as of Mar. 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 Unitech Printed Circuit Board and its competitors.
Is Unitech Printed Circuit Board's Cyclically Adjusted Book per Share too high?
Unitech Printed Circuit Board's current Cyclically Adjusted Book per Share is NT$18.97. Overall, Unitech Printed Circuit Board has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unitech Printed Circuit Board's Cyclically Adjusted Book per Share compare to APH and GLW?
Unitech Printed Circuit Board's Cyclically Adjusted Book per Share of NT$18.97 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 Unitech Printed Circuit Board and its competitors. Unitech Printed Circuit Board's current Cyclically Adjusted Book per Share is NT$18.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unitech Printed Circuit Board stock overvalued right now?
Based on GuruFocus' analysis, Unitech Printed Circuit Board (TPE:2367) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$26.21, compared to a current price of NT$44.10 — trading 68.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$18.97. Unitech Printed Circuit Board's overall GF Score™ is 59/100 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 Unitech Printed Circuit Board (TPE:2367), the current Cyclically Adjusted Book per Share is NT$18.97 as of Mar. 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 Unitech Printed Circuit Board (TPE:2367) Overvalued in 2026?

Based on GuruFocus' analysis, Unitech Printed Circuit Board stock appears to be overvalued. The current stock price of NT$44.10 is trading 68.3% above its estimated GF Value™ of NT$26.21. GuruFocus considers Unitech Printed Circuit Board to be Significantly Overvalued.

Key valuation signals for TPE:2367:

  • Cyclically Adjusted Book per Share: NT$18.97
  • GF Value™: NT$26.21 vs. price of NT$44.10 (68.3% above fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the TPE:2367 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Unitech Printed Circuit Board Business Description

Address No. 3, Lane 4, Zhongshan Road, Tucheng district, New Taipei, TWN, 23680
Unitech Printed Circuit Board Corp is a manufacturer of printed circuit boards and solar cells. The company provides double-sided PCBs and multi-layer PCBs as well as mono-crystalline silicon solar cells, rigid-Flex PCBs, and multi-crystalline silicon solar cells.
59GF Score

Get the complete analysis for TPE:2367

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

NT$44.10
Price
NT$26.21
GF Value