Global Brands Manufacture (TPE:6191) Cyclically Adjusted Book per Share: NT$39.27 (As of Dec. 2025)


TPE:6191 Global Brands Manufacture Ltd TPE:6191
85 GF Score
Price NT$107.00
GF Value NT$97.62
Valuation Fairly Valued
! 4 Warning Signs
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What is Global Brands Manufacture Cyclically Adjusted Book per Share?

Global Brands Manufacture TPE:6191 -0.93% 85 Cyclically Adjusted Book per Share is NT$39.27 as of Dec. 2025. GuruFocus rates TPE:6191 with a GF Score™ of 85/100 and a GF Value™ of NT$97.62 (Fairly Valued). 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.

Global Brands Manufacture's adjusted book value per share for the three months ended in Dec. 2025 was NT$52.515. 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$39.27 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Global Brands Manufacture's average Cyclically Adjusted Book Growth Rate was 7.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.40% 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 Global Brands Manufacture was 8.90% per year. The lowest was 7.40% per year. And the median was 7.90% per year.

As of today (2026-07-07), Global Brands Manufacture's current stock price is NT$107.00. Global Brands Manufacture's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$39.27. Global Brands Manufacture's Cyclically Adjusted PB Ratio of today is 2.72.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Global Brands Manufacture was 3.77. The lowest was 0.46. And the median was 1.33.


Global Brands Manufacture  (TPE:6191) 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.

Global Brands Manufacture's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=107.00/39.27
=2.72

* 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 Global Brands Manufacture was 3.77. The lowest was 0.46. 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.


Global Brands Manufacture Cyclically Adjusted Book per Share Related Terms


Global Brands Manufacture Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Global Brands Manufacture'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.

Global Brands Manufacture Cyclically Adjusted Book per Share Chart

Global Brands Manufacture 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 28.82 31.48 33.82 36.55 39.27

Global Brands Manufacture 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 36.55 37.54 38.15 38.82 39.27

TPE:6191 vs APH, GLW: Cyclically Adjusted Book per Share Comparison

For the Electronic Components subindustry, Global Brands Manufacture'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.


Global Brands Manufacture Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:6191
85GF Score
Global Brands Manufacture Ltd TPE:6191
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Global Brands Manufacture 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, Global Brands Manufacture'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)
=52.515/324.0540*324.0540
=52.515

Current CPI (Dec. 2025) = 324.0540.

Global Brands Manufacture Quarterly Data

Book Value per Share CPI Adj_Book
201603 22.587 238.132 30.737
201606 22.864 241.018 30.741
201609 22.768 241.428 30.560
201612 23.779 241.432 31.917
201703 21.861 243.801 29.057
201706 22.664 244.955 29.982
201709 23.672 246.819 31.079
201712 24.630 246.524 32.376
201803 24.981 249.554 32.439
201806 35.414 251.989 45.542
201809 28.839 252.439 37.020
201812 27.522 251.233 35.499
201903 29.561 254.202 37.684
201906 28.692 256.143 36.299
201909 29.617 256.759 37.379
201912 30.440 256.974 38.386
202003 28.285 258.115 35.511
202006 28.684 257.797 36.056
202009 28.792 260.280 35.847
202012 32.126 260.474 39.968
202103 34.116 264.877 41.738
202106 33.372 271.696 39.803
202109 34.673 274.310 40.961
202112 33.620 278.802 39.077
202203 35.406 287.504 39.907
202206 34.089 296.311 37.281
202209 37.472 296.808 40.912
202212 37.453 296.797 40.893
202303 39.158 301.836 42.040
202306 38.543 305.109 40.936
202309 42.991 307.789 45.263
202312 43.075 306.746 45.505
202403 45.959 312.332 47.684
202406 45.183 314.175 46.604
202409 46.116 315.301 47.396
202412 47.648 315.605 48.924
202503 49.706 319.799 50.367
202506 40.608 322.561 40.796
202509 48.174 324.800 48.063
202512 52.515 324.054 52.515

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$39.27 mean?
Global Brands Manufacture (TPE:6191) has a Cyclically Adjusted Book per Share of NT$39.27 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 Global Brands Manufacture and its competitors.
Is Global Brands Manufacture's Cyclically Adjusted Book per Share too high?
Global Brands Manufacture's current Cyclically Adjusted Book per Share is NT$39.27. Overall, Global Brands Manufacture has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Brands Manufacture's Cyclically Adjusted Book per Share compare to APH and GLW?
Global Brands Manufacture's Cyclically Adjusted Book per Share of NT$39.27 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 Global Brands Manufacture and its competitors. Global Brands Manufacture's current Cyclically Adjusted Book per Share is NT$39.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Brands Manufacture stock overvalued right now?
Based on GuruFocus' analysis, Global Brands Manufacture (TPE:6191) is currently considered Fairly Valued. The stock's GF Value™ is NT$97.62, compared to a current price of NT$107.00 — trading 9.6% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$39.27. Global Brands Manufacture's overall GF Score™ is 85/100 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 Global Brands Manufacture (TPE:6191), the current Cyclically Adjusted Book per Share is NT$39.27 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 Global Brands Manufacture (TPE:6191) Overvalued in 2026?

Based on GuruFocus' analysis, Global Brands Manufacture stock appears to be overvalued. The current stock price of NT$107.00 is trading 9.6% above its estimated GF Value™ of NT$97.62. GuruFocus considers Global Brands Manufacture to be Fairly Valued.

Key valuation signals for TPE:6191:

  • Cyclically Adjusted Book per Share: NT$39.27
  • GF Value™: NT$97.62 vs. price of NT$107.00 (9.6% above fair value)
  • GF Score™: 85/100 with 4 warning signs

No single metric tells the full story. See the TPE:6191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Global Brands Manufacture Business Description

Address No. 48-3, Minquan Road, 4th Floor, Xindian District, New Taipei, TWN, 231023
Global Brands Manufacture Ltd is mainly engaged in the manufacturer specializing in Printed Circuit Boards (PCB) and Electronic Manufacturing Services (EMS). The company serves a diverse range of markets, including information, communication, automobile, and consumer electronics. Its geographical segments are Asia, America, and Europe, of which the majority of its revenue comes from Asia.
85GF Score

Get the complete analysis for TPE:6191

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

NT$107.00
Price
NT$97.62
GF Value