Zenitron (TPE:3028) Cyclically Adjusted Book per Share: NT$27.38 (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:3028 Zenitron Corp TPE:3028
74 GF Score
Price NT$67.10
GF Value NT$56.78
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Zenitron Cyclically Adjusted Book per Share?

Zenitron TPE:3028 +1.82% 74 Cyclically Adjusted Book per Share is NT$27.38 as of Jun. 2026. GuruFocus rates TPE:3028 with a GF Score™ of 74/100 and a GF Value™ of NT$56.78 (Modestly Overvalued). The stock has 7 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.

Zenitron's adjusted book value per share for the three months ended in Jun. 2026 was NT$30.107. 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$27.38 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Zenitron's average Cyclically Adjusted Book Growth Rate was 1.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.00% 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 Zenitron was 4.80% per year. The lowest was 1.10% per year. And the median was 3.65% per year.

As of today (2026-08-22), Zenitron's current stock price is NT$67.10. Zenitron's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$27.38. Zenitron's Cyclically Adjusted PB Ratio of today is 2.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Zenitron was 2.99. The lowest was 0.70. And the median was 1.18.


Zenitron  (TPE:3028) 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.

Zenitron's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=67.10/27.38
=2.45

* 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 Zenitron was 2.99. The lowest was 0.70. And the median was 1.18.


Be Aware

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


Zenitron Cyclically Adjusted Book per Share Related Terms


Zenitron Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Zenitron'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.

Zenitron Cyclically Adjusted Book per Share Chart

Zenitron 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 24.47 25.89 26.47 26.75 26.72

Zenitron 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 26.95 26.93 26.72 27.07 27.38

TPE:3028 vs AMAT, LRCX, KLAC: Cyclically Adjusted Book per Share Comparison

For the Semiconductor Equipment & Materials subindustry, Zenitron'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.


Zenitron Cyclically Adjusted PB Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Zenitron's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:3028
74GF Score
Zenitron Corp TPE:3028
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zenitron 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, Zenitron'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)
=30.107/333.9520*333.9520
=30.107

Current CPI (Jun. 2026) = 333.9520.

Zenitron Quarterly Data

Book Value per Share CPI Adj_Book
201609 21.586 241.428 29.859
201612 21.860 241.432 30.237
201703 22.165 243.801 30.361
201706 20.691 244.955 28.208
201709 21.837 246.819 29.546
201712 22.021 246.524 29.831
201803 22.037 249.554 29.490
201806 20.515 251.989 27.188
201809 20.802 252.439 27.519
201812 20.108 251.233 26.729
201903 21.266 254.202 27.938
201906 19.600 256.143 25.554
201909 20.535 256.759 26.709
201912 20.289 256.974 26.367
202003 20.908 258.115 27.051
202006 22.250 257.797 28.823
202009 21.780 260.280 27.945
202012 22.112 260.474 28.350
202103 21.145 264.877 26.659
202106 21.896 271.696 26.913
202109 23.519 274.310 28.633
202112 24.372 278.802 29.193
202203 22.391 287.504 26.008
202206 23.458 296.311 26.438
202209 24.724 296.808 27.818
202212 24.885 296.797 28.000
202303 22.712 301.836 25.129
202306 23.961 305.109 26.226
202309 24.389 307.789 26.462
202312 24.406 306.746 26.571
202403 23.478 312.332 25.103
202406 24.515 314.175 26.058
202409 24.384 315.301 25.826
202412 25.886 315.605 27.391
202503 25.238 319.799 26.355
202506 22.901 322.561 23.710
202509 24.380 324.800 25.067
202512 26.159 324.054 26.958
202603 26.442 330.213 26.741
202606 30.107 333.952 30.107

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$27.38 mean?
Zenitron (TPE:3028) has a Cyclically Adjusted Book per Share of NT$27.38 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 Zenitron and its competitors.
Is Zenitron's Cyclically Adjusted Book per Share too high?
Zenitron's current Cyclically Adjusted Book per Share is NT$27.38. Overall, Zenitron has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zenitron's Cyclically Adjusted Book per Share compare to AMAT and LRCX?
Zenitron's Cyclically Adjusted Book per Share of NT$27.38 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Cyclically Adjusted Book per Share depends on the Semiconductors 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 Zenitron and its competitors. Zenitron's current Cyclically Adjusted Book per Share is NT$27.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenitron stock overvalued right now?
Based on GuruFocus' analysis, Zenitron (TPE:3028) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$56.78, compared to a current price of NT$67.10 — trading 18.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$27.38. Zenitron's overall GF Score™ is 74/100 with 7 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 Zenitron (TPE:3028), the current Cyclically Adjusted Book per Share is NT$27.38 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 Zenitron (TPE:3028) Overvalued in 2026?

Based on GuruFocus' analysis, Zenitron stock appears to be overvalued. The current stock price of NT$67.10 is trading 18.2% above its estimated GF Value™ of NT$56.78. GuruFocus considers Zenitron to be Modestly Overvalued.

Key valuation signals for TPE:3028:

  • Cyclically Adjusted Book per Share: NT$27.38
  • GF Value™: NT$56.78 vs. price of NT$67.10 (18.2% above fair value)
  • GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the TPE:3028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zenitron Business Description

Address No. 8, Lane 250, Xinhu 2nd Road, Neihu District, Taipei, TWN, 114065
Zenitron Corp is engaged in the sales of electrical components. It provides solutions for Power Supply Solutions, Telecom & Communication Solutions, Industrial Electronics Solutions, Consumer Solutions, and IoT Solutions. Its Line Card products include Semiconductor Components, Line Card Semiconductor Components, Industrial Applications, Retail, including Acer, Sandisk, and others. Its geographic locations are Hong Kong, China, Taiwan, and Others. It generates the maximum of its revenue from Hong Kong. It generates revenue from sales of electronic components.
74GF Score

Get the complete analysis for TPE:3028

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

NT$67.10
Price
NT$56.78
GF Value