Onano Industrial (TPE:6405) Cyclically Adjusted Book per Share: NT$39.35 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:6405 Onano Industrial Corp TPE:6405
35 GF Score
Price NT$50.70
GF Value NT$0.11
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Onano Industrial Cyclically Adjusted Book per Share?

Onano Industrial TPE:6405 -7.14% 35 Cyclically Adjusted Book per Share is NT$39.35 as of Dec. 2025. GuruFocus rates TPE:6405 with a GF Score™ of 35/100 and a GF Value™ of NT$0.11 (Significantly Overvalued). The stock has 2 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.

Onano Industrial's adjusted book value per share for the three months ended in Dec. 2025 was NT$40.521. 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$39.35 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Onano Industrial's average Cyclically Adjusted Book Growth Rate was 1.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.90% 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 Onano Industrial was 5.80% per year. The lowest was 2.90% per year. And the median was 4.35% per year.

As of today (2026-07-14), Onano Industrial's current stock price is NT$50.70. Onano Industrial's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$39.35. Onano Industrial's Cyclically Adjusted PB Ratio of today is 1.29.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Onano Industrial was 2.03. The lowest was 0.52. And the median was 0.67.


Onano Industrial  (TPE:6405) 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.

Onano Industrial's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=50.70/39.35
=1.29

* 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 Onano Industrial was 2.03. The lowest was 0.52. And the median was 0.67.


Be Aware

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


Onano Industrial Cyclically Adjusted Book per Share Related Terms


Onano Industrial Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Onano Industrial'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.

Onano Industrial Cyclically Adjusted Book per Share Chart

Onano Industrial 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 32.62 36.13 37.79 38.65 39.35

Onano Industrial 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 38.65 38.97 39.21 39.42 39.35

TPE:6405 vs APH, GLW: Cyclically Adjusted Book per Share Comparison

For the Electronic Components subindustry, Onano Industrial'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.


Onano Industrial Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:6405
35GF Score
Onano Industrial Corp TPE:6405
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Onano Industrial 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, Onano Industrial'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)
=40.521/324.0540*324.0540
=40.521

Current CPI (Dec. 2025) = 324.0540.

Onano Industrial Quarterly Data

Book Value per Share CPI Adj_Book
201603 28.448 238.132 38.713
201606 28.237 241.018 37.965
201609 28.083 241.428 37.694
201612 28.782 241.432 38.632
201703 28.226 243.801 37.517
201706 28.305 244.955 37.445
201709 28.614 246.819 37.568
201712 28.899 246.524 37.988
201803 28.795 249.554 37.391
201806 28.574 251.989 36.746
201809 28.475 252.439 36.553
201812 28.485 251.233 36.742
201903 28.218 254.202 35.972
201906 27.825 256.143 35.202
201909 27.996 256.759 35.334
201912 27.991 256.974 35.298
202003 27.632 258.115 34.691
202006 28.378 257.797 35.671
202009 29.303 260.280 36.483
202012 28.815 260.474 35.849
202103 30.184 264.877 36.928
202106 52.125 271.696 62.170
202109 43.340 274.310 51.199
202112 42.473 278.802 49.367
202203 42.292 287.504 47.669
202206 39.123 296.311 42.786
202209 39.551 296.808 43.182
202212 38.922 296.797 42.496
202303 38.575 301.836 41.414
202306 38.360 305.109 40.742
202309 38.305 307.789 40.329
202312 37.622 306.746 39.745
202403 37.316 312.332 38.716
202406 37.262 314.175 38.434
202409 35.565 315.301 36.552
202412 36.958 315.605 37.947
202503 34.279 319.799 34.735
202506 35.531 322.561 35.695
202509 38.207 324.800 38.119
202512 40.521 324.054 40.521

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$39.35 mean?
Onano Industrial (TPE:6405) has a Cyclically Adjusted Book per Share of NT$39.35 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 Onano Industrial and its competitors.
Is Onano Industrial's Cyclically Adjusted Book per Share too high?
Onano Industrial's current Cyclically Adjusted Book per Share is NT$39.35. Overall, Onano Industrial has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Onano Industrial's Cyclically Adjusted Book per Share compare to APH and GLW?
Onano Industrial's Cyclically Adjusted Book per Share of NT$39.35 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 Onano Industrial and its competitors. Onano Industrial's current Cyclically Adjusted Book per Share is NT$39.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onano Industrial stock overvalued right now?
Based on GuruFocus' analysis, Onano Industrial (TPE:6405) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$0.11, compared to a current price of NT$50.70 — trading 45990.9% above its estimated fair value. The current Cyclically Adjusted Book per Share is NT$39.35. Onano Industrial's overall GF Score™ is 35/100 with 2 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 Onano Industrial (TPE:6405), the current Cyclically Adjusted Book per Share is NT$39.35 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 Onano Industrial (TPE:6405) Overvalued in 2026?

Based on GuruFocus' analysis, Onano Industrial stock appears to be overvalued. The current stock price of NT$50.70 is trading 45990.9% above its estimated GF Value™ of NT$0.11. GuruFocus considers Onano Industrial to be Significantly Overvalued.

Key valuation signals for TPE:6405:

  • Cyclically Adjusted Book per Share: NT$39.35
  • GF Value™: NT$0.11 vs. price of NT$50.70 (45990.9% above fair value)
  • GF Score™: 35/100 with 2 warning signs

No single metric tells the full story. See the TPE:6405 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Onano Industrial Business Description

Address No.18, Beiyuan Road, Taoyuan County, Zhongli, TWN, 32063
Onano Industrial Corp manufactures and sells photoelectric thinned glass products. The Company's activities include a chemical method of slimming, polishing, and ITO processing. The products are mainly used in smart mobile phones and tablets, Mobile devices such as ultra-thin notebook computers. The Company earns revenue from slimmed opto-electronic glass generated in Taiwan.
35GF Score

Get the complete analysis for TPE:6405

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

NT$50.70
Price
NT$0.11
GF Value