AUO (FRA:AU7) Cyclically Adjusted PB Ratio: 0.92 (As of Aug. 23, 2026) — 74% Above Median

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FRA:AU7 AUO Corp FRA:AU7
70 GF Score
Price €6.50
GF Value €4.43
Valuation Significantly Overvalued
! 5 Warning Signs
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What is AUO Cyclically Adjusted PB Ratio?

AUO FRA:AU7 -2.99% 70 Cyclically Adjusted PB Ratio is 0.92 as of Aug. 23, 2026, which is 74% above its 10-year median of 0.53. GuruFocus rates FRA:AU7 with a GF Score™ of 70/100 and a GF Value™ of €4.43 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,945 Hardware companies, AUO ranks better than 74.34% on this metric.

As of today (2026-08-23), AUO's current share price is €6.50. AUO's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €7.09. AUO's Cyclically Adjusted PB Ratio for today is 0.92.

The historical rank and industry rank for AUO's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:AU7' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.53   Max: 1.59
Current: 0.89

During the past years, AUO's highest Cyclically Adjusted PB Ratio was 1.59. The lowest was 0.30. And the median was 0.53.

FRA:AU7's Cyclically Adjusted PB Ratio is ranked better than
74.34% of 1945 companies
in the Hardware industry
Industry Median: 2.03 vs FRA:AU7: 0.89

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.

AUO's adjusted book value per share data for the three months ended in Jun. 2026 was €5.616. 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 €7.09 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


AUO  (FRA:AU7) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


AUO Cyclically Adjusted PB Ratio Related Terms


AUO Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for AUO's Cyclically Adjusted PB Ratio 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.

AUO Cyclically Adjusted PB Ratio Chart

AUO Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 0.53 0.63 0.51 0.43

AUO Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 0.43 0.48 0.43 0.51 1.14

FRA:AU7 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, AUO'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.


AUO Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


FRA:AU7
70GF Score
AUO Corp FRA:AU7
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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AUO Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

AUO's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.50/7.09
=0.92

* 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.

AUO's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, AUO'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)
=5.616/333.9520*333.9520
=5.616

Current CPI (Jun. 2026) = 333.9520.

AUO Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.368 241.428 8.808
201612 6.097 241.432 8.433
201703 7.457 243.801 10.214
201706 7.426 244.955 10.124
201709 7.373 246.819 9.976
201712 7.172 246.524 9.715
201803 7.692 249.554 10.293
201806 7.387 251.989 9.790
201809 7.327 252.439 9.693
201812 7.172 251.233 9.533
201903 7.443 254.202 9.778
201906 7.059 256.143 9.203
201909 7.149 256.759 9.298
201912 6.915 256.974 8.986
202003 6.684 258.115 8.648
202006 6.553 257.797 8.489
202009 6.502 260.280 8.342
202012 7.011 260.474 8.989
202103 7.470 264.877 9.418
202106 8.244 271.696 10.133
202109 9.202 274.310 11.203
202112 9.656 278.802 11.566
202203 9.581 287.504 11.129
202206 9.309 296.311 10.492
202209 8.295 296.808 9.333
202212 7.457 296.797 8.391
202303 6.749 301.836 7.467
202306 6.349 305.109 6.949
202309 6.211 307.789 6.739
202312 6.091 306.746 6.631
202403 5.696 312.332 6.090
202406 5.640 314.175 5.995
202409 5.540 315.301 5.868
202412 5.861 315.605 6.202
202503 5.664 319.799 5.915
202506 5.722 322.561 5.924
202509 5.484 324.800 5.639
202512 5.486 324.054 5.654
202603 5.377 330.213 5.438
202606 5.616 333.952 5.616

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 0.92 mean?
AUO (FRA:AU7) has a Cyclically Adjusted PB Ratio of 0.92 as of Aug. 23, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on AUO and its competitors. This is 74% above median its historical median of 0.53. Over the past decade, AUO's Cyclically Adjusted PB Ratio has ranged from 0.30 to 1.59. According to the industry distribution chart, AUO ranks #499 out of 1945 companies in the Hardware industry, placing it in the top 25.7%.
Is AUO's Cyclically Adjusted PB Ratio too high?
AUO's current Cyclically Adjusted PB Ratio of 0.92 is 74% above median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.59. The Hardware industry median Cyclically Adjusted PB Ratio is 2.03. AUO's value of 0.92 is 54.7% below this industry median. Based on the distribution chart, AUO ranks #499 out of 1945 companies in the Hardware industry, which is above the industry midpoint. Overall, AUO has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AUO's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, AUO ranks #499 out of 1945 companies for Cyclically Adjusted PB Ratio. This puts AUO in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.03. AUO's value of 0.92 is 54.7% below this benchmark. Historically, AUO's own Cyclically Adjusted PB Ratio has ranged from 0.30 to 1.59 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 2.03, AUO has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.03, based on 1,945 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AUO's current Cyclically Adjusted PB Ratio of 0.92 is 54.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on AUO and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AUO's current Cyclically Adjusted PB Ratio is 0.92, which is 74% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AUO stock overvalued right now?
Based on GuruFocus' analysis, AUO (FRA:AU7) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.43, compared to a current price of €6.50 — trading 46.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.92, which is 74% above median its 10-year median of 0.53 and 54.7% below the Hardware industry median of 2.03. AUO's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For AUO (FRA:AU7), the current Cyclically Adjusted PB Ratio is 0.92 as of Aug. 23, 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 AUO (FRA:AU7) Overvalued in 2026?

Based on GuruFocus' analysis, AUO stock appears to be overvalued. The current stock price of €6.50 is trading 46.7% above its estimated GF Value™ of €4.43. GuruFocus considers AUO to be Significantly Overvalued.

Key valuation signals for FRA:AU7:

  • Cyclically Adjusted PB Ratio: 0.92 (74% above median its 10-year median of 0.53)
  • GF Value™: €4.43 vs. price of €6.50 (46.7% above fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 54.7% below the Hardware median (#499 of 1945)

No single metric tells the full story. See the FRA:AU7 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AUO Business Description

Address No. 1, Lixing 2nd Road, Hsinchu Science Park, East District, Hsinchu, TWN, 300094
AUO Corp is a Taiwan-based company that manufactures & distributes thin-film-transistor liquid-crystal-display (TFT-LCD) panels to original equipment manufacturers. It operates in two segments - The display segment & energy segment, the majority is derived from the Display segment. The display segment generally is engaged in the research, development, design, manufacturing, & sale of flat panel displays. The energy segment mainly is engaged in the design, manufacturing, and sale of ingots, solar wafers, and solar modules, as well as providing technical engineering services and maintenance services for solar system projects AU Optronics has manufacturing facilities in Taiwan, Japan, and Malaysia. Geographically, the majority is from the PRC (including Hong Kong).
70GF Score

Get the complete analysis for FRA:AU7

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

€6.50
Price
€4.43
GF Value