Fsp Technology (TPE:3015) Cyclically Adjusted Book per Share: NT$67.68 (As of Dec. 2025)


TPE:3015 Fsp Technology Inc TPE:3015
66 GF Score
Price NT$67.40
GF Value NT$55.46
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Fsp Technology Cyclically Adjusted Book per Share?

Fsp Technology TPE:3015 -9.89% 66 Cyclically Adjusted Book per Share is NT$67.68 as of Dec. 2025. GuruFocus rates TPE:3015 with a GF Score™ of 66/100 and a GF Value™ of NT$55.46 (Modestly Overvalued). The stock has 10 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.

Fsp Technology's adjusted book value per share for the three months ended in Dec. 2025 was NT$66.891. 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$67.68 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Fsp Technology's average Cyclically Adjusted Book Growth Rate was 3.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 9.80% 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 Fsp Technology was 12.30% per year. The lowest was 7.20% per year. And the median was 10.35% per year.

As of today (2026-07-08), Fsp Technology's current stock price is NT$67.40. Fsp Technology's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$67.68. Fsp Technology's Cyclically Adjusted PB Ratio of today is 1.00.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Fsp Technology was 1.23. The lowest was 0.39. And the median was 0.84.


Fsp Technology  (TPE:3015) 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.

Fsp Technology's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=67.40/67.68
=1.00

* 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 Fsp Technology was 1.23. The lowest was 0.39. And the median was 0.84.


Be Aware

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


Fsp Technology Cyclically Adjusted Book per Share Related Terms


Fsp Technology Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Fsp Technology'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.

Fsp Technology Cyclically Adjusted Book per Share Chart

Fsp Technology 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 48.75 54.98 60.12 65.12 67.68

Fsp Technology 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 65.12 66.45 67.33 67.67 67.68

TPE:3015 vs VRT, BE: Cyclically Adjusted Book per Share Comparison

For the Electrical Equipment & Parts subindustry, Fsp Technology'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.


Fsp Technology Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fsp Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:3015
66GF Score
Fsp Technology Inc TPE:3015
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fsp Technology 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, Fsp Technology'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)
=66.891/324.0540*324.0540
=66.891

Current CPI (Dec. 2025) = 324.0540.

Fsp Technology Quarterly Data

Book Value per Share CPI Adj_Book
201603 44.733 238.132 60.873
201606 41.583 241.018 55.909
201609 43.660 241.428 58.602
201612 42.238 241.432 56.693
201703 40.664 243.801 54.050
201706 41.908 244.955 55.441
201709 43.589 246.819 57.229
201712 42.429 246.524 55.773
201803 43.403 249.554 56.360
201806 41.011 251.989 52.740
201809 41.632 252.439 53.443
201812 41.579 251.233 53.631
201903 43.157 254.202 55.016
201906 43.502 256.143 55.036
201909 43.745 256.759 55.210
201912 45.691 256.974 57.618
202003 43.722 258.115 54.891
202006 49.033 257.797 61.635
202009 55.514 260.280 69.116
202012 59.728 260.474 74.307
202103 60.277 264.877 73.744
202106 63.218 271.696 75.401
202109 72.763 274.310 85.958
202112 70.562 278.802 82.015
202203 69.868 287.504 78.750
202206 66.543 296.311 72.773
202209 67.692 296.808 73.906
202212 71.180 296.797 77.717
202303 71.921 301.836 77.215
202306 77.902 305.109 82.739
202309 73.529 307.789 77.415
202312 76.190 306.746 80.489
202403 75.696 312.332 78.537
202406 84.696 314.175 87.359
202409 85.689 315.301 88.068
202412 82.482 315.605 84.690
202503 73.100 319.799 74.073
202506 69.190 322.561 69.510
202509 66.420 324.800 66.267
202512 66.891 324.054 66.891

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$67.68 mean?
Fsp Technology (TPE:3015) has a Cyclically Adjusted Book per Share of NT$67.68 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 Fsp Technology and its competitors.
Is Fsp Technology's Cyclically Adjusted Book per Share too high?
Fsp Technology's current Cyclically Adjusted Book per Share is NT$67.68. Overall, Fsp Technology has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fsp Technology's Cyclically Adjusted Book per Share compare to VRT and BE?
Fsp Technology's Cyclically Adjusted Book per Share of NT$67.68 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 Fsp Technology and its competitors. Fsp Technology's current Cyclically Adjusted Book per Share is NT$67.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fsp Technology stock overvalued right now?
Based on GuruFocus' analysis, Fsp Technology (TPE:3015) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$55.46, compared to a current price of NT$67.40 — trading 21.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$67.68. Fsp Technology's overall GF Score™ is 66/100 with 10 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 Fsp Technology (TPE:3015), the current Cyclically Adjusted Book per Share is NT$67.68 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 Fsp Technology (TPE:3015) Overvalued in 2026?

Based on GuruFocus' analysis, Fsp Technology stock appears to be overvalued. The current stock price of NT$67.40 is trading 21.5% above its estimated GF Value™ of NT$55.46. GuruFocus considers Fsp Technology to be Modestly Overvalued.

Key valuation signals for TPE:3015:

  • Cyclically Adjusted Book per Share: NT$67.68
  • GF Value™: NT$55.46 vs. price of NT$67.40 (21.5% above fair value)
  • GF Score™: 66/100 with 10 warning signs

No single metric tells the full story. See the TPE:3015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fsp Technology Business Description

Address No.22, Jianguo East Road, Taoyuan District, Taoyuan City, TWN, 330
Fsp Technology Inc is a Taiwan-based power supply manufacturer. The company is mainly engaged in the manufacturing, processing and trading of power supplies and various electronic components. Its product portfolio comprises PC PSU, adapter, open frame, IPC PSU, medical PSU, PV inverter, UPS, and energy storage system. The company has an operational footprint across Taiwan, China, the United States of America, Germany, and other countries.
66GF Score

Get the complete analysis for TPE:3015

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

NT$67.40
Price
NT$55.46
GF Value