ChipMOS TECHNOLOGIES (FRA:CPIA) Cyclically Adjusted PB Ratio: (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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FRA:CPIA ChipMOS TECHNOLOGIES Inc FRA:CPIA
71 GF Score
Price €49.00
GF Value €26.65
Valuation Significantly Overvalued
! 3 Warning Signs
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What is ChipMOS TECHNOLOGIES Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ChipMOS TECHNOLOGIES  (FRA:CPIA) 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.


ChipMOS TECHNOLOGIES Cyclically Adjusted PB Ratio Related Terms


ChipMOS TECHNOLOGIES Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ChipMOS TECHNOLOGIES'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.

ChipMOS TECHNOLOGIES Cyclically Adjusted PB Ratio Chart

ChipMOS TECHNOLOGIES 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 0.00 1.12 1.36 0.96 1.40

ChipMOS TECHNOLOGIES Quarterly Data
Mar20 Jun20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Dec22 Jun23 Dec23 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 0.81 0.87 1.40 1.55 0.00

FRA:CPIA vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, ChipMOS TECHNOLOGIES'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.


ChipMOS TECHNOLOGIES Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


FRA:CPIA
71GF Score
ChipMOS TECHNOLOGIES Inc FRA:CPIA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ChipMOS TECHNOLOGIES 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.

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

For example, ChipMOS TECHNOLOGIES'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)
=19.459/333.9520*333.9520
=19.459

Current CPI (Jun. 2026) = 333.9520.

ChipMOS TECHNOLOGIES Quarterly Data

Book Value per Share CPI Adj_Book
201503 15.142 236.119 21.416
201506 14.029 238.638 19.632
201509 13.049 237.945 18.314
201512 13.903 236.525 19.630
201603 13.995 238.132 19.626
201606 12.759 241.018 17.679
201609 13.310 241.428 18.411
201612 13.220 241.432 18.286
201703 15.427 243.801 21.131
201706 14.497 244.955 19.764
201709 13.901 246.819 18.808
201712 14.052 246.524 19.035
201803 14.202 249.554 19.005
201806 14.445 251.989 19.143
201809 13.545 252.439 17.919
201812 14.152 251.233 18.812
201903 14.442 254.202 18.973
201906 14.533 256.143 18.948
201909 15.389 256.759 20.016
201912 15.976 256.974 20.762
202003 16.777 258.115 21.706
202006 16.113 257.797 20.873
202012 16.605 260.474 21.289
202103 0.000 264.877 0.000
202106 18.941 271.696 23.281
202112 21.176 278.802 25.365
202203 0.000 287.504 0.000
202206 20.895 296.311 23.549
202212 20.868 296.797 23.480
202306 19.611 305.109 21.465
202312 19.983 306.746 21.755
202406 19.346 314.175 20.564
202409 0.000 315.301 0.000
202412 20.159 315.605 21.331
202503 0.000 319.799 0.000
202506 19.224 322.561 19.903
202509 18.804 324.800 19.334
202512 18.669 324.054 19.239
202603 19.208 330.213 19.425
202606 19.459 333.952 19.459

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.

Is ChipMOS TECHNOLOGIES (FRA:CPIA) Overvalued in 2026?

Based on GuruFocus' analysis, ChipMOS TECHNOLOGIES stock appears to be overvalued. The current stock price of €49.00 is trading 83.9% above its estimated GF Value™ of €26.65. GuruFocus considers ChipMOS TECHNOLOGIES to be Significantly Overvalued.

Key valuation signals for FRA:CPIA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €26.65 vs. price of €49.00 (83.9% above fair value)
  • GF Score™: 71/100 with 3 warning signs

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


ChipMOS TECHNOLOGIES Business Description

Address No.1, Yanfa 1st Road, Hsinchu Science Park, Hsinchu, TWN
ChipMOS TECHNOLOGIES Inc is engaged in the research, development, manufacturing, and sale of high-integration and high-precision integrated circuits and related assembly and testing services. The company's segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others. It derives a majority of its revenue from Taiwan followed by Japan, the People's Republic of China, Singapore, and others.
71GF Score

Get the complete analysis for FRA:CPIA

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

€49.00
Price
€26.65
GF Value