APCB (TPE:6108) Cyclically Adjusted Book per Share: NT$27.22 (As of Jun. 2026)

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TPE:6108 APCB Inc TPE:6108
61 GF Score
Price NT$25.70
GF Value NT$15.57
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is APCB Cyclically Adjusted Book per Share?

APCB TPE:6108 +7.98% 61 Cyclically Adjusted Book per Share is NT$27.22 as of Jun. 2026. GuruFocus rates TPE:6108 with a GF Score™ of 61/100 and a GF Value™ of NT$15.57 (Significantly Overvalued). The stock has 8 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.

APCB's adjusted book value per share for the three months ended in Jun. 2026 was NT$20.991. 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$27.22 for the trailing ten years ended in Jun. 2026.

During the past 12 months, APCB's average Cyclically Adjusted Book Growth Rate was -0.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.50% 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 APCB was 4.40% per year. The lowest was 0.50% per year. And the median was 3.30% per year.

As of today (2026-08-29), APCB's current stock price is NT$25.70. APCB's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$27.22. APCB's Cyclically Adjusted PB Ratio of today is 0.94.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of APCB was 1.15. The lowest was 0.47. And the median was 0.74.


APCB  (TPE:6108) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=25.70/27.22
=0.94

* 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 APCB was 1.15. The lowest was 0.47. And the median was 0.74.


Be Aware

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


APCB Cyclically Adjusted Book per Share Related Terms


APCB Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for APCB'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.

APCB Cyclically Adjusted Book per Share Chart

APCB 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 25.18 26.49 26.86 27.05 26.91

APCB 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 27.24 27.20 26.91 27.16 27.22

TPE:6108 vs APH, GLW, TEL: Cyclically Adjusted Book per Share Comparison

For the Electronic Components subindustry, APCB'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.


APCB Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:6108
61GF Score
APCB Inc TPE:6108
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

APCB 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, APCB'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)
=20.991/333.9520*333.9520
=20.991

Current CPI (Jun. 2026) = 333.9520.

APCB Quarterly Data

Book Value per Share CPI Adj_Book
201609 22.513 241.428 31.141
201612 23.698 241.432 32.779
201703 22.902 243.801 31.371
201706 21.926 244.955 29.892
201709 22.478 246.819 30.413
201712 22.802 246.524 30.889
201803 23.230 249.554 31.086
201806 23.197 251.989 30.742
201809 23.791 252.439 31.473
201812 24.666 251.233 32.787
201903 25.636 254.202 33.679
201906 23.882 256.143 31.137
201909 23.667 256.759 30.782
201912 23.603 256.974 30.673
202003 22.760 258.115 29.447
202006 21.775 257.797 28.207
202009 21.658 260.280 27.788
202012 21.626 260.474 27.727
202103 21.690 264.877 27.346
202106 22.087 271.696 27.148
202109 21.895 274.310 26.656
202112 22.344 278.802 26.764
202203 23.156 287.504 26.897
202206 22.167 296.311 24.983
202209 23.194 296.808 26.097
202212 22.618 296.797 25.449
202303 22.155 301.836 24.512
202306 21.936 305.109 24.010
202309 23.070 307.789 25.031
202312 22.284 306.746 24.260
202403 22.792 312.332 24.370
202406 22.516 314.175 23.933
202409 24.419 315.301 25.863
202412 23.288 315.605 24.642
202503 23.462 319.799 24.500
202506 19.321 322.561 20.003
202509 20.181 324.800 20.750
202512 20.980 324.054 21.621
202603 20.538 330.213 20.771
202606 20.991 333.952 20.991

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$27.22 mean?
APCB (TPE:6108) has a Cyclically Adjusted Book per Share of NT$27.22 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 APCB and its competitors.
Is APCB's Cyclically Adjusted Book per Share too high?
APCB's current Cyclically Adjusted Book per Share is NT$27.22. Overall, APCB has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APCB's Cyclically Adjusted Book per Share compare to APH and GLW?
APCB's Cyclically Adjusted Book per Share of NT$27.22 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 APCB and its competitors. APCB's current Cyclically Adjusted Book per Share is NT$27.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APCB stock overvalued right now?
Based on GuruFocus' analysis, APCB (TPE:6108) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$15.57, compared to a current price of NT$25.70 — trading 65.1% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$27.22. APCB's overall GF Score™ is 61/100 with 8 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 APCB (TPE:6108), the current Cyclically Adjusted Book per Share is NT$27.22 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 APCB (TPE:6108) Overvalued in 2026?

Based on GuruFocus' analysis, APCB stock appears to be overvalued. The current stock price of NT$25.70 is trading 65.1% above its estimated GF Value™ of NT$15.57. GuruFocus considers APCB to be Significantly Overvalued.

Key valuation signals for TPE:6108:

  • Cyclically Adjusted Book per Share: NT$27.22
  • GF Value™: NT$15.57 vs. price of NT$25.70 (65.1% above fair value)
  • GF Score™: 61/100 with 8 warning signs

No single metric tells the full story. See the TPE:6108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


APCB Business Description

Address No. 6, Lane 84, Junying Street, Shulin District, New Taipei City, TWN, 23863
APCB Inc engages in the production and sale of printed circuit boards in Taiwan and internationally. The company products include double-sided printed circuit boards and multi-layer printed circuit boards. It offers NB boards for memory modules, notebook computers, and network cards; TFT/LCDs. The Group consists of three reporting segments: Taiwan, Mainland China, and Thailand, of which majority revenue is derived from China.
61GF Score

Get the complete analysis for TPE:6108

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

NT$25.70
Price
NT$15.57
GF Value