Hanpin Electron Co (TPE:2488) Cyclically Adjusted Book per Share: NT$32.49 (As of Mar. 2026)

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TPE:2488 Hanpin Electron Co Ltd TPE:2488
79 GF Score
Price NT$48.25
GF Value NT$46.10
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Hanpin Electron Co Cyclically Adjusted Book per Share?

Hanpin Electron Co TPE:2488 -5.02% 79 Cyclically Adjusted Book per Share is NT$32.49 as of Mar. 2026. GuruFocus rates TPE:2488 with a GF Score™ of 79/100 and a GF Value™ of NT$46.10 (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.

Hanpin Electron Co's adjusted book value per share for the three months ended in Mar. 2026 was NT$36.359. 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$32.49 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Hanpin Electron Co's average Cyclically Adjusted Book Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.70% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 6.30% 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 Hanpin Electron Co was 7.60% per year. The lowest was 4.70% per year. And the median was 6.45% per year.

As of today (2026-08-04), Hanpin Electron Co's current stock price is NT$48.25. Hanpin Electron Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$32.49. Hanpin Electron Co's Cyclically Adjusted PB Ratio of today is 1.49.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Hanpin Electron Co was 1.99. The lowest was 0.96. And the median was 1.35.


Hanpin Electron Co  (TPE:2488) 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.

Hanpin Electron Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=48.25/32.49
=1.49

* 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 Hanpin Electron Co was 1.99. The lowest was 0.96. And the median was 1.35.


Be Aware

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


Hanpin Electron Co Cyclically Adjusted Book per Share Related Terms


Hanpin Electron Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Hanpin Electron 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.

Hanpin Electron Co Cyclically Adjusted Book per Share Chart

Hanpin Electron 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 25.45 27.70 29.14 30.52 31.79

Hanpin Electron Co 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 31.08 31.44 31.76 31.79 32.49

TPE:2488 vs AAPL: Cyclically Adjusted Book per Share Comparison

For the Consumer Electronics subindustry, Hanpin Electron 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.


Hanpin Electron Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Hanpin Electron Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hanpin Electron Co's Cyclically Adjusted PB Ratio falls into.


TPE:2488
79GF Score
Hanpin Electron Co Ltd TPE:2488
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hanpin Electron 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, Hanpin Electron Co'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)
=36.359/330.2130*330.2130
=36.359

Current CPI (Mar. 2026) = 330.2130.

Hanpin Electron Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 22.433 241.018 30.735
201609 23.591 241.428 32.267
201612 25.220 241.432 34.494
201703 25.001 243.801 33.862
201706 22.219 244.955 29.952
201709 23.159 246.819 30.984
201712 23.526 246.524 31.513
201803 23.466 249.554 31.051
201806 23.092 251.989 30.260
201809 24.250 252.439 31.721
201812 25.267 251.233 33.210
201903 26.145 254.202 33.963
201906 24.653 256.143 31.782
201909 25.446 256.759 32.726
201912 25.906 256.974 33.289
202003 25.600 258.115 32.751
202006 24.117 257.797 30.892
202009 25.080 260.280 31.819
202012 25.755 260.474 32.651
202103 26.066 264.877 32.496
202106 26.454 271.696 32.152
202109 25.257 274.310 30.404
202112 25.880 278.802 30.652
202203 26.745 287.504 30.718
202206 26.468 296.311 29.496
202209 28.602 296.808 31.821
202212 29.182 296.797 32.468
202303 29.665 301.836 32.454
202306 28.107 305.109 30.420
202309 30.578 307.789 32.806
202312 30.882 306.746 33.245
202403 32.162 312.332 34.003
202406 30.905 314.175 32.483
202409 32.381 315.301 33.912
202412 34.168 315.605 35.749
202503 35.215 319.799 36.362
202506 31.275 322.561 32.017
202509 33.515 324.800 34.074
202512 35.097 324.054 35.764
202603 36.359 330.213 36.359

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$32.49 mean?
Hanpin Electron Co (TPE:2488) has a Cyclically Adjusted Book per Share of NT$32.49 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 Hanpin Electron Co and its competitors.
Is Hanpin Electron Co's Cyclically Adjusted Book per Share too high?
Hanpin Electron Co's current Cyclically Adjusted Book per Share is NT$32.49. Overall, Hanpin Electron Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hanpin Electron Co's Cyclically Adjusted Book per Share compare to AAPL?
Hanpin Electron Co's Cyclically Adjusted Book per Share of NT$32.49 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 Hanpin Electron Co and its competitors. Hanpin Electron Co's current Cyclically Adjusted Book per Share is NT$32.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanpin Electron Co stock overvalued right now?
Based on GuruFocus' analysis, Hanpin Electron Co (TPE:2488) is currently considered Fairly Valued. The stock's GF Value™ is NT$46.10, compared to a current price of NT$48.25 — trading 4.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$32.49. Hanpin Electron Co's overall GF Score™ is 79/100 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 Hanpin Electron Co (TPE:2488), the current Cyclically Adjusted Book per Share is NT$32.49 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 Hanpin Electron Co (TPE:2488) Overvalued in 2026?

Based on GuruFocus' analysis, Hanpin Electron Co stock appears to be overvalued. The current stock price of NT$48.25 is trading 4.7% above its estimated GF Value™ of NT$46.10. GuruFocus considers Hanpin Electron Co to be Fairly Valued.

Key valuation signals for TPE:2488:

  • Cyclically Adjusted Book per Share: NT$32.49
  • GF Value™: NT$46.10 vs. price of NT$48.25 (4.7% above fair value)
  • GF Score™: 79/100 with 2 warning signs

No single metric tells the full story. See the TPE:2488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hanpin Electron Co Business Description

Address No. 256, Section 3, Zhongzheng Road, Rende District, Tainan, TWN
Hanpin Electron Co Ltd is engaged in the manufacture of electronic appliances, lighting equipment, data storage and processing equipment, wireless communication machinery and electronic components, the provision of international trading, product design and information software services. It operates in two segments Audio and Construction segments. Audio segment is engaged in the manufacture of audio equipment used in consumer entertainment venues, studios, personal audiovisual entertainment, schools, conference rooms, theatres and large-scale concerts. Construction segment engages in the development, leasing and sales of residential buildings, commercial buildings and industrial factories, as well as real estate sales and leasing. Audio segment derives the majority of revenue.
79GF Score

Get the complete analysis for TPE:2488

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

NT$48.25
Price
NT$46.10
GF Value