Solar Applied Materials Technology (ROCO:1785) Cyclically Adjusted PB Ratio: 5.02 (As of Aug. 18, 2026) — 111% Above Median

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ROCO:1785 Solar Applied Materials Technology Corp ROCO:1785
62 GF Score
Price NT$105.00
GF Value NT$105.46
Valuation Fairly Valued
! 2 Warning Signs
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What is Solar Applied Materials Technology Cyclically Adjusted PB Ratio?

Solar Applied Materials Technology ROCO:1785 +0.48% 62 Cyclically Adjusted PB Ratio is 5.02 as of Aug. 18, 2026, which is 111% above its 10-year median of 2.38. GuruFocus rates ROCO:1785 with a GF Score™ of 62/100 and a GF Value™ of NT$105.46 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,203 Chemicals companies, Solar Applied Materials Technology ranks worse than 85.37% on this metric.

As of today (2026-08-18), Solar Applied Materials Technology's current share price is NT$105.00. Solar Applied Materials Technology's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$20.90. Solar Applied Materials Technology's Cyclically Adjusted PB Ratio for today is 5.02.

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

ROCO:1785' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.8   Med: 2.38   Max: 8.21
Current: 5.02

During the past years, Solar Applied Materials Technology's highest Cyclically Adjusted PB Ratio was 8.21. The lowest was 0.80. And the median was 2.38.

ROCO:1785's Cyclically Adjusted PB Ratio is ranked worse than
85.37% of 1203 companies
in the Chemicals industry
Industry Median: 1.68 vs ROCO:1785: 5.02

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.

Solar Applied Materials Technology's adjusted book value per share data for the three months ended in Jun. 2026 was NT$27.209. 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$20.90 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Solar Applied Materials Technology  (ROCO:1785) 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.


Solar Applied Materials Technology Cyclically Adjusted PB Ratio Related Terms


Solar Applied Materials Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Solar Applied Materials Technology'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.

Solar Applied Materials Technology Cyclically Adjusted PB Ratio Chart

Solar Applied Materials Technology 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 2.69 1.65 2.01 3.25 3.40

Solar Applied Materials Technology 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 2.80 3.22 3.40 4.40 6.91

ROCO:1785 vs CRS, ATI, MLI: Cyclically Adjusted PB Ratio Comparison

For the Specialty Chemicals subindustry, Solar Applied Materials Technology'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.


Solar Applied Materials Technology Cyclically Adjusted PB Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solar Applied Materials Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Solar Applied Materials Technology's Cyclically Adjusted PB Ratio falls into.


ROCO:1785
62GF Score
Solar Applied Materials Technology Corp ROCO:1785
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solar Applied Materials Technology 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.

Solar Applied Materials Technology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=105.00/20.90
=5.02

* 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.

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

For example, Solar Applied Materials Technology'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)
=27.209/333.9520*333.9520
=27.209

Current CPI (Jun. 2026) = 333.9520.

Solar Applied Materials Technology Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.553 241.428 13.214
201612 9.423 241.432 13.034
201703 9.222 243.801 12.632
201706 9.168 244.955 12.499
201709 10.773 246.819 14.576
201712 11.044 246.524 14.961
201803 11.802 249.554 15.793
201806 12.132 251.989 16.078
201809 12.428 252.439 16.441
201812 12.184 251.233 16.196
201903 12.982 254.202 17.055
201906 13.262 256.143 17.291
201909 14.132 256.759 18.381
201912 15.261 256.974 19.833
202003 15.463 258.115 20.006
202006 14.787 257.797 19.155
202009 15.373 260.280 19.724
202012 16.078 260.474 20.613
202103 19.977 264.877 25.187
202106 20.474 271.696 25.165
202109 19.882 274.310 24.205
202112 20.472 278.802 24.522
202203 21.234 287.504 24.664
202206 20.257 296.311 22.830
202209 21.210 296.808 23.864
202212 21.418 296.797 24.099
202303 21.741 301.836 24.054
202306 20.871 305.109 22.844
202309 21.676 307.789 23.519
202312 21.706 306.746 23.631
202403 22.529 312.332 24.088
202406 22.031 314.175 23.418
202409 22.897 315.301 24.251
202412 23.930 315.605 25.321
202503 24.631 319.799 25.721
202506 21.627 322.561 22.391
202509 22.979 324.800 23.626
202512 25.103 324.054 25.870
202603 27.912 330.213 28.228
202606 27.209 333.952 27.209

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 5.02 mean?
Solar Applied Materials Technology (ROCO:1785) has a Cyclically Adjusted PB Ratio of 5.02 as of Aug. 18, 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 Solar Applied Materials Technology and its competitors. This is 111% above median its historical median of 2.38. Over the past decade, Solar Applied Materials Technology's Cyclically Adjusted PB Ratio has ranged from 0.80 to 8.21. According to the industry distribution chart, Solar Applied Materials Technology ranks #1027 out of 1203 companies in the Chemicals industry, placing it in the top 85.4%.
Is Solar Applied Materials Technology's Cyclically Adjusted PB Ratio too high?
Solar Applied Materials Technology's current Cyclically Adjusted PB Ratio of 5.02 is 111% above median its 10-year median of 2.38. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 8.21. The Chemicals industry median Cyclically Adjusted PB Ratio is 1.68. Solar Applied Materials Technology's value of 5.02 is 198.8% above this industry median. Based on the distribution chart, Solar Applied Materials Technology ranks #1027 out of 1203 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Solar Applied Materials Technology has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Solar Applied Materials Technology's Cyclically Adjusted PB Ratio compare to CRS and ATI?
According to the Chemicals industry distribution chart, Solar Applied Materials Technology ranks #1027 out of 1203 companies for Cyclically Adjusted PB Ratio. This places Solar Applied Materials Technology in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.68. Solar Applied Materials Technology's value of 5.02 is 198.8% above this benchmark. Historically, Solar Applied Materials Technology's own Cyclically Adjusted PB Ratio has ranged from 0.80 to 8.21 over the past decade. While the company's 10-year median is 2.38 vs. the industry median of 1.68, Solar Applied Materials Technology has consistently been above 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 Chemicals company?
The median Cyclically Adjusted PB Ratio among Chemicals companies is 1.68, based on 1,203 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. Solar Applied Materials Technology's current Cyclically Adjusted PB Ratio of 5.02 is 198.8% above 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 Solar Applied Materials Technology and its competitors. For the Chemicals industry, the median Cyclically Adjusted PB Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar Applied Materials Technology's current Cyclically Adjusted PB Ratio is 5.02, which is 111% above median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Applied Materials Technology stock overvalued right now?
Based on GuruFocus' analysis, Solar Applied Materials Technology (ROCO:1785) is currently considered Fairly Valued. The stock's GF Value™ is NT$105.46, compared to a current price of NT$105.00 — trading 0.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.02, which is 111% above median its 10-year median of 2.38 and 198.8% above the Chemicals industry median of 1.68. Solar Applied Materials Technology's overall GF Score™ is 62/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Solar Applied Materials Technology (ROCO:1785), the current Cyclically Adjusted PB Ratio is 5.02 as of Aug. 18, 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 Solar Applied Materials Technology (ROCO:1785) Overvalued in 2026?

Based on GuruFocus' analysis, Solar Applied Materials Technology stock appears to be undervalued. The current stock price of NT$105.00 is trading 0.4% below its estimated GF Value™ of NT$105.46. GuruFocus considers Solar Applied Materials Technology to be Fairly Valued.

Key valuation signals for ROCO:1785:

  • Cyclically Adjusted PB Ratio: 5.02 (111% above median its 10-year median of 2.38)
  • GF Value™: NT$105.46 vs. price of NT$105.00 (0.4% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 198.8% above the Chemicals median (#1027 of 1203)

No single metric tells the full story. See the ROCO:1785 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Solar Applied Materials Technology Business Description

Address No. 1, Gongye 3rd Road, Annan District, Tainan, TWN, 70955
Solar Applied Materials Technology Corp is a company involved in research and development and manufacturing of thin-film sputtering targets. It is engaged in manufacturing, processing, recycling, refining, and trading of sputtering targets for thin film, precious metal materials, and specialty chemicals for automobiles. The firm's operating segment includes Solar and Solar (KunShan). The firm generates the majority of its revenue from Solar (KunShan), which is principally engaged in producing photovoltaic sputtering targets for thin film, electroplating chemicals, specialty chemicals for automobiles, and electroplating processing.
62GF Score

Get the complete analysis for ROCO:1785

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

NT$105.00
Price
NT$105.46
GF Value