In Win Development (TPE:6117) Cyclically Adjusted Book per Share: NT$19.05 (As of Jun. 2026)

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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.
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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:6117 In Win Development Inc TPE:6117
65 GF Score
Price NT$62.50
GF Value NT$97.88
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is In Win Development Cyclically Adjusted Book per Share?

In Win Development TPE:6117 +0.16% 65 Cyclically Adjusted Book per Share is NT$19.05 as of Jun. 2026. GuruFocus rates TPE:6117 with a GF Score™ of 65/100 and a GF Value™ of NT$97.88 (Possible Value Trap). The stock has 4 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.

In Win Development's adjusted book value per share for the three months ended in Jun. 2026 was NT$23.952. 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$19.05 for the trailing ten years ended in Jun. 2026.

During the past 12 months, In Win Development's average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -2.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.10% 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 In Win Development was -1.40% per year. The lowest was -2.80% per year. And the median was -2.20% per year.

As of today (2026-08-28), In Win Development's current stock price is NT$62.50. In Win Development's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$19.05. In Win Development's Cyclically Adjusted PB Ratio of today is 3.28.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of In Win Development was 7.50. The lowest was 0.53. And the median was 0.90.


In Win Development  (TPE:6117) 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.

In Win Development's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=62.50/19.05
=3.28

* 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 In Win Development was 7.50. The lowest was 0.53. And the median was 0.90.


Be Aware

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


In Win Development Cyclically Adjusted Book per Share Related Terms


In Win Development Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for In Win Development'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.

In Win Development Cyclically Adjusted Book per Share Chart

In Win Development 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 20.22 20.00 19.15 18.58 18.52

In Win Development 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 18.62 18.62 18.52 18.86 19.05

TPE:6117 vs DELL, ANET, SNDK: Cyclically Adjusted Book per Share Comparison

For the Computer Hardware subindustry, In Win Development'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.


In Win Development Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:6117
65GF Score
In Win Development Inc TPE:6117
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

In Win Development 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, In Win Development'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)
=23.952/333.9520*333.9520
=23.952

Current CPI (Jun. 2026) = 333.9520.

In Win Development Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.675 241.428 24.449
201612 16.697 241.432 23.096
201703 15.337 243.801 21.008
201706 14.783 244.955 20.154
201709 14.509 246.819 19.631
201712 19.563 246.524 26.501
201803 19.167 249.554 25.649
201806 17.487 251.989 23.175
201809 16.609 252.439 21.972
201812 15.913 251.233 21.152
201903 15.209 254.202 19.980
201906 14.746 256.143 19.225
201909 14.306 256.759 18.607
201912 13.860 256.974 18.012
202003 13.705 258.115 17.732
202006 13.509 257.797 17.500
202009 13.456 260.280 17.265
202012 13.029 260.474 16.704
202103 12.688 264.877 15.997
202106 12.395 271.696 15.235
202109 12.505 274.310 15.224
202112 11.925 278.802 14.284
202203 11.859 287.504 13.775
202206 12.034 296.311 13.563
202209 12.908 296.808 14.523
202212 12.760 296.797 14.357
202303 12.274 301.836 13.580
202306 12.162 305.109 13.312
202309 13.021 307.789 14.128
202312 13.704 306.746 14.919
202403 15.007 312.332 16.046
202406 17.101 314.175 18.177
202409 19.616 315.301 20.776
202412 20.960 315.605 22.178
202503 21.464 319.799 22.414
202506 19.862 322.561 20.563
202509 21.963 324.800 22.582
202512 23.964 324.054 24.696
202603 25.491 330.213 25.780
202606 23.952 333.952 23.952

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$19.05 mean?
In Win Development (TPE:6117) has a Cyclically Adjusted Book per Share of NT$19.05 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 In Win Development and its competitors.
Is In Win Development's Cyclically Adjusted Book per Share too high?
In Win Development's current Cyclically Adjusted Book per Share is NT$19.05. Overall, In Win Development has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does In Win Development's Cyclically Adjusted Book per Share compare to DELL and ANET?
In Win Development's Cyclically Adjusted Book per Share of NT$19.05 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 In Win Development and its competitors. In Win Development's current Cyclically Adjusted Book per Share is NT$19.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is In Win Development stock overvalued right now?
Based on GuruFocus' analysis, In Win Development (TPE:6117) is currently considered Possible Value Trap. The stock's GF Value™ is NT$97.88, compared to a current price of NT$62.50 — trading 36.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is NT$19.05. In Win Development's overall GF Score™ is 65/100 with 4 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 In Win Development (TPE:6117), the current Cyclically Adjusted Book per Share is NT$19.05 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 In Win Development (TPE:6117) Overvalued in 2026?

Based on GuruFocus' analysis, In Win Development stock appears to be undervalued. The current stock price of NT$62.50 is trading 36.1% below its estimated GF Value™ of NT$97.88. GuruFocus considers In Win Development to be Possible Value Trap.

Key valuation signals for TPE:6117:

  • Cyclically Adjusted Book per Share: NT$19.05
  • GF Value™: NT$97.88 vs. price of NT$62.50 (36.1% below fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the TPE:6117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


In Win Development Business Description

Address No. 57, Lane 350, Nan Shang Road, Guishan District, Taoyuan, TWN
In Win Development Inc is engaged in the processing, manufacturing, and trading of computer and peripheral equipment, plastic products, etc., and the manufacturing, baking, and trading of mechanical hardware parts. Its products include Gaming Chassis, Computer Chassis, Gaming Power Supply, PC Power Supply, IPC/Server, iBuildiShare, and Cooling. Geographically, it operates in Europe, the USA, Japan, Taiwan, and Other countries, with the majority of the revenue deriving from Taiwan.
65GF Score

Get the complete analysis for TPE:6117

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

NT$62.50
Price
NT$97.88
GF Value