Harvatek (TPE:6168) Cyclically Adjusted Book per Share: NT$16.74 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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TPE:6168 Harvatek Corp TPE:6168
71 GF Score
Price NT$25.10
GF Value NT$21.54
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Harvatek Cyclically Adjusted Book per Share?

Harvatek TPE:6168 +2.03% 71 Cyclically Adjusted Book per Share is NT$16.74 as of Mar. 2026. GuruFocus rates TPE:6168 with a GF Score™ of 71/100 and a GF Value™ of NT$21.54 (Modestly Overvalued). The stock has 1 warning sign 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.

Harvatek's adjusted book value per share for the three months ended in Mar. 2026 was NT$14.937. 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$16.74 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Harvatek's average Cyclically Adjusted Book Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 0.90% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 1.70% 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 Harvatek was 2.50% per year. The lowest was 0.90% per year. And the median was 1.55% per year.

As of today (2026-08-12), Harvatek's current stock price is NT$25.10. Harvatek's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$16.74. Harvatek's Cyclically Adjusted PB Ratio of today is 1.50.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Harvatek was 2.09. The lowest was 0.64. And the median was 1.33.


Harvatek  (TPE:6168) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=25.10/16.74
=1.50

* 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 Harvatek was 2.09. The lowest was 0.64. And the median was 1.33.


Be Aware

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


Harvatek Cyclically Adjusted Book per Share Related Terms


Harvatek Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Harvatek'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.

Harvatek Cyclically Adjusted Book per Share Chart

Harvatek 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 15.51 16.04 16.36 16.42 16.49

Harvatek Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 16.51 16.59 16.61 16.49 16.74

TPE:6168 vs NVDA, AVGO, MU: Cyclically Adjusted Book per Share Comparison

For the Semiconductors subindustry, Harvatek'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.


Harvatek Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


TPE:6168
71GF Score
Harvatek Corp TPE:6168
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harvatek 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, Harvatek's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=14.937/330.2130*330.2130
=14.937

Current CPI (Mar. 2026) = 330.2130.

Harvatek Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.892 241.018 16.293
201609 11.969 241.428 16.371
201612 12.130 241.432 16.591
201703 12.135 243.801 16.436
201706 12.389 244.955 16.701
201709 13.050 246.819 17.459
201712 13.449 246.524 18.015
201803 13.860 249.554 18.340
201806 13.243 251.989 17.354
201809 13.219 252.439 17.292
201812 13.578 251.233 17.847
201903 13.888 254.202 18.041
201906 13.026 256.143 16.793
201909 12.828 256.759 16.498
201912 12.792 256.974 16.438
202003 12.693 258.115 16.238
202006 13.174 257.797 16.875
202009 13.536 260.280 17.173
202012 14.364 260.474 18.210
202103 15.272 264.877 19.039
202106 15.091 271.696 18.341
202109 15.730 274.310 18.936
202112 16.203 278.802 19.191
202203 14.849 287.504 17.055
202206 14.896 296.311 16.600
202209 15.328 296.808 17.053
202212 15.649 296.797 17.411
202303 14.687 301.836 16.068
202306 14.886 305.109 16.111
202309 14.940 307.789 16.028
202312 15.162 306.746 16.322
202403 14.852 312.332 15.702
202406 14.972 314.175 15.736
202409 14.910 315.301 15.615
202412 14.618 315.605 15.295
202503 14.517 319.799 14.990
202506 14.245 322.561 14.583
202509 14.594 324.800 14.837
202512 14.676 324.054 14.955
202603 14.937 330.213 14.937

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$16.74 mean?
Harvatek (TPE:6168) has a Cyclically Adjusted Book per Share of NT$16.74 as of Mar. 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 Harvatek and its competitors.
Is Harvatek's Cyclically Adjusted Book per Share too high?
Harvatek's current Cyclically Adjusted Book per Share is NT$16.74. Overall, Harvatek has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harvatek's Cyclically Adjusted Book per Share compare to NVDA and AVGO?
Harvatek's Cyclically Adjusted Book per Share of NT$16.74 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 Harvatek and its competitors. Harvatek's current Cyclically Adjusted Book per Share is NT$16.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harvatek stock overvalued right now?
Based on GuruFocus' analysis, Harvatek (TPE:6168) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$21.54, compared to a current price of NT$25.10 — trading 16.5% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$16.74. Harvatek's overall GF Score™ is 71/100 with 1 warning sign 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 Harvatek (TPE:6168), the current Cyclically Adjusted Book per Share is NT$16.74 as of Mar. 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 Harvatek (TPE:6168) Overvalued in 2026?

Based on GuruFocus' analysis, Harvatek stock appears to be overvalued. The current stock price of NT$25.10 is trading 16.5% above its estimated GF Value™ of NT$21.54. GuruFocus considers Harvatek to be Modestly Overvalued.

Key valuation signals for TPE:6168:

  • Cyclically Adjusted Book per Share: NT$16.74
  • GF Value™: NT$21.54 vs. price of NT$25.10 (16.5% above fair value)
  • GF Score™: 71/100 with 1 warning sign

No single metric tells the full story. See the TPE:6168 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harvatek Business Description

Address No. 18 Lane 522, Zhonghua Road, Section 5, Hsinchu, TWN, 300
Harvatek Corp is engaged in the research, development, design, manufacturing, testing, and import-export trade of light-emitting diode packaging.
71GF Score

Get the complete analysis for TPE:6168

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

NT$25.10
Price
NT$21.54
GF Value