Zhen Ding Technology Holding (TPE:4958) Cyclically Adjusted Book per Share: NT$91.89 (As of Dec. 2025)


TPE:4958 Zhen Ding Technology Holding Ltd TPE:4958
68 GF Score
Price NT$548.00
GF Value NT$111.45
Valuation Significantly Overvalued
! 11 Warning Signs
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What is Zhen Ding Technology Holding Cyclically Adjusted Book per Share?

Zhen Ding Technology Holding TPE:4958 -5.35% 68 Cyclically Adjusted Book per Share is NT$91.89 as of Dec. 2025. GuruFocus rates TPE:4958 with a GF Score™ of 68/100 and a GF Value™ of NT$111.45 (Significantly Overvalued). The stock has 11 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.

Zhen Ding Technology Holding's adjusted book value per share for the three months ended in Dec. 2025 was NT$115.855. 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$91.89 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Zhen Ding Technology Holding's average Cyclically Adjusted Book Growth Rate was 7.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 9.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 12.80% 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 Zhen Ding Technology Holding was 15.40% per year. The lowest was 9.90% per year. And the median was 13.10% per year.

As of today (2026-07-08), Zhen Ding Technology Holding's current stock price is NT$548.00. Zhen Ding Technology Holding's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$91.89. Zhen Ding Technology Holding's Cyclically Adjusted PB Ratio of today is 5.96.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Zhen Ding Technology Holding was 6.99. The lowest was 1.07. And the median was 1.67.


Zhen Ding Technology Holding  (TPE:4958) 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.

Zhen Ding Technology Holding's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=548.00/91.89
=5.96

* 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 Zhen Ding Technology Holding was 6.99. The lowest was 1.07. And the median was 1.67.


Be Aware

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


Zhen Ding Technology Holding Cyclically Adjusted Book per Share Related Terms


Zhen Ding Technology Holding Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Zhen Ding Technology Holding'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.

Zhen Ding Technology Holding Cyclically Adjusted Book per Share Chart

Zhen Ding Technology Holding 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 59.00 69.20 77.33 85.34 91.89

Zhen Ding Technology Holding 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 85.34 87.69 89.39 91.00 91.89

TPE:4958 vs APH, GLW: Cyclically Adjusted Book per Share Comparison

For the Electronic Components subindustry, Zhen Ding Technology Holding'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.


Zhen Ding Technology Holding Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Zhen Ding Technology Holding's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:4958
68GF Score
Zhen Ding Technology Holding Ltd TPE:4958
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhen Ding Technology Holding 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, Zhen Ding Technology Holding'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)
=115.855/324.0540*324.0540
=115.855

Current CPI (Dec. 2025) = 324.0540.

Zhen Ding Technology Holding Quarterly Data

Book Value per Share CPI Adj_Book
201603 52.156 238.132 70.975
201606 46.698 241.018 62.786
201609 47.197 241.428 63.350
201612 47.506 241.432 63.763
201703 45.582 243.801 60.586
201706 38.341 244.955 50.722
201709 41.335 246.819 54.270
201712 55.103 246.524 72.432
201803 56.589 249.554 73.483
201806 53.544 251.989 68.857
201809 64.677 252.439 83.025
201812 69.656 251.233 89.846
201903 72.112 254.202 91.928
201906 69.971 256.143 88.522
201909 71.189 256.759 89.847
201912 74.437 256.974 93.868
202003 74.611 258.115 93.671
202006 71.562 257.797 89.954
202009 74.555 260.280 92.823
202012 82.985 260.474 103.241
202103 78.937 264.877 96.573
202106 79.283 271.696 94.561
202109 82.534 274.310 97.501
202112 89.275 278.802 103.765
202203 90.644 287.504 102.167
202206 92.031 296.311 100.648
202209 98.952 296.808 108.035
202212 102.538 296.797 111.955
202303 98.342 301.836 105.581
202306 94.721 305.109 100.602
202309 101.196 307.789 106.544
202312 101.272 306.746 106.986
202403 103.877 312.332 107.776
202406 105.431 314.175 108.746
202409 108.148 315.301 111.150
202412 113.998 315.605 117.050
202503 111.732 319.799 113.219
202506 100.213 322.561 100.677
202509 108.621 324.800 108.372
202512 115.855 324.054 115.855

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$91.89 mean?
Zhen Ding Technology Holding (TPE:4958) has a Cyclically Adjusted Book per Share of NT$91.89 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 Zhen Ding Technology Holding and its competitors.
Is Zhen Ding Technology Holding's Cyclically Adjusted Book per Share too high?
Zhen Ding Technology Holding's current Cyclically Adjusted Book per Share is NT$91.89. Overall, Zhen Ding Technology Holding has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhen Ding Technology Holding's Cyclically Adjusted Book per Share compare to APH and GLW?
Zhen Ding Technology Holding's Cyclically Adjusted Book per Share of NT$91.89 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 Zhen Ding Technology Holding and its competitors. Zhen Ding Technology Holding's current Cyclically Adjusted Book per Share is NT$91.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhen Ding Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Zhen Ding Technology Holding (TPE:4958) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$111.45, compared to a current price of NT$548.00 — trading 391.7% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$91.89. Zhen Ding Technology Holding's overall GF Score™ is 68/100 with 11 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 Zhen Ding Technology Holding (TPE:4958), the current Cyclically Adjusted Book per Share is NT$91.89 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 Zhen Ding Technology Holding (TPE:4958) Overvalued in 2026?

Based on GuruFocus' analysis, Zhen Ding Technology Holding stock appears to be overvalued. The current stock price of NT$548.00 is trading 391.7% above its estimated GF Value™ of NT$111.45. GuruFocus considers Zhen Ding Technology Holding to be Significantly Overvalued.

Key valuation signals for TPE:4958:

  • Cyclically Adjusted Book per Share: NT$91.89
  • GF Value™: NT$111.45 vs. price of NT$548.00 (391.7% above fair value)
  • GF Score™: 68/100 with 11 warning signs

No single metric tells the full story. See the TPE:4958 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhen Ding Technology Holding Business Description

Address Hibiscus Way, 802 West Bay Road, P.O. Box 31119, Grand Pavilion, George Town, Grand Cayman, CYM, KY1-1205
Zhen Ding Technology Holding Ltd manufactures printed circuit boards, including high-density interconnection, flexible printed circuits, rigid printed circuit boards, and integrated circuit substrates. These products are used in a variety of applications, including personal computers, watches, memory and data cards, smartphones, tablets, media players, televisions, digital and video cameras, and game consoles. Its customers include the telecommunications, electronics, automotive, medical equipment, military equipment, and space industries. The Group generates all of its revenue from the manufacturing of PCB products. Geographically, it derives maximum revenue from the USA, and the rest from Mainland China, Taiwan, Singapore, and other regions.
68GF Score

Get the complete analysis for TPE:4958

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

NT$548.00
Price
NT$111.45
GF Value