Eslite Spectrum (ROCO:2926) Cyclically Adjusted PB Ratio: 1.13 (As of Aug. 20, 2026) — 38% Below Median

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ROCO:2926 Eslite Spectrum Corp ROCO:2926
55 GF Score
Price NT$30.40
GF Value NT$52.12
Valuation Possible Value Trap
! 5 Warning Signs
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What is Eslite Spectrum Cyclically Adjusted PB Ratio?

Eslite Spectrum ROCO:2926 -0.16% 55 Cyclically Adjusted PB Ratio is 1.13 as of Aug. 20, 2026, which is 38% below its 10-year median of 1.82. GuruFocus rates ROCO:2926 with a GF Score™ of 55/100 and a GF Value™ of NT$52.12 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 788 Retail - Cyclical companies, Eslite Spectrum ranks better than 52.54% on this metric.

As of today (2026-08-20), Eslite Spectrum's current share price is NT$30.40. Eslite Spectrum's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$26.88. Eslite Spectrum's Cyclically Adjusted PB Ratio for today is 1.13.

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

ROCO:2926' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.13   Med: 1.82   Max: 2.77
Current: 1.13

During the past years, Eslite Spectrum's highest Cyclically Adjusted PB Ratio was 2.77. The lowest was 1.13. And the median was 1.82.

ROCO:2926's Cyclically Adjusted PB Ratio is ranked better than
52.54% of 788 companies
in the Retail - Cyclical industry
Industry Median: 1.205 vs ROCO:2926: 1.13

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.

Eslite Spectrum's adjusted book value per share data for the three months ended in Jun. 2026 was NT$12.986. 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$26.88 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eslite Spectrum  (ROCO:2926) 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.


Eslite Spectrum Cyclically Adjusted PB Ratio Related Terms


Eslite Spectrum Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Eslite Spectrum'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.

Eslite Spectrum Cyclically Adjusted PB Ratio Chart

Eslite Spectrum 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 1.85 1.83 2.04 1.55 1.41

Eslite Spectrum 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 1.58 1.56 1.41 1.35 1.26

ROCO:2926 vs DDS, M: Cyclically Adjusted PB Ratio Comparison

For the Department Stores subindustry, Eslite Spectrum'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.


Eslite Spectrum Cyclically Adjusted PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Eslite Spectrum's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:2926
55GF Score
Eslite Spectrum Corp ROCO:2926
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eslite Spectrum 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.

Eslite Spectrum's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=30.40/26.88
=1.13

* 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.

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

For example, Eslite Spectrum'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)
=12.986/333.9520*333.9520
=12.986

Current CPI (Jun. 2026) = 333.9520.

Eslite Spectrum Quarterly Data

Book Value per Share CPI Adj_Book
201609 33.023 241.428 45.679
201612 34.607 241.432 47.869
201703 36.999 243.801 50.680
201706 31.152 244.955 42.470
201709 33.660 246.819 45.543
201712 35.376 246.524 47.922
201803 38.218 249.554 51.143
201806 32.449 251.989 43.003
201809 33.424 252.439 44.217
201812 35.396 251.233 47.050
201903 30.364 254.202 39.890
201906 24.566 256.143 32.028
201909 25.808 256.759 33.567
201912 26.737 256.974 34.746
202003 26.958 258.115 34.879
202006 22.179 257.797 28.731
202009 22.829 260.280 29.291
202012 23.512 260.474 30.145
202103 22.038 264.877 27.785
202106 19.808 271.696 24.347
202109 17.797 274.310 21.667
202112 17.702 278.802 21.204
202203 16.463 287.504 19.123
202206 14.984 296.311 16.887
202209 14.241 296.808 16.023
202212 14.227 296.797 16.008
202303 13.708 301.836 15.167
202306 12.737 305.109 13.941
202309 11.056 307.789 11.996
202312 11.696 306.746 12.733
202403 11.937 312.332 12.763
202406 11.767 314.175 12.508
202409 12.010 315.301 12.720
202412 12.862 315.605 13.610
202503 12.973 319.799 13.547
202506 11.967 322.561 12.390
202509 12.435 324.800 12.785
202512 12.934 324.054 13.329
202603 12.809 330.213 12.954
202606 12.986 333.952 12.986

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 1.13 mean?
Eslite Spectrum (ROCO:2926) has a Cyclically Adjusted PB Ratio of 1.13 as of Aug. 20, 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 Eslite Spectrum and its competitors. This is 38% below median its historical median of 1.82. Over the past decade, Eslite Spectrum's Cyclically Adjusted PB Ratio has ranged from 1.13 to 2.77. According to the industry distribution chart, Eslite Spectrum ranks #374 out of 788 companies in the Retail - Cyclical industry, placing it in the top 47.5%.
Is Eslite Spectrum's Cyclically Adjusted PB Ratio too high?
Eslite Spectrum's current Cyclically Adjusted PB Ratio of 1.13 is 38% below median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 2.77. The Retail - Cyclical industry median Cyclically Adjusted PB Ratio is 1.21. Eslite Spectrum's value of 1.13 is 6.2% below this industry median. Based on the distribution chart, Eslite Spectrum ranks #374 out of 788 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Eslite Spectrum has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Eslite Spectrum's Cyclically Adjusted PB Ratio compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Eslite Spectrum ranks #374 out of 788 companies for Cyclically Adjusted PB Ratio. This puts Eslite Spectrum in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.21. Eslite Spectrum's value of 1.13 is 6.2% below this benchmark. Historically, Eslite Spectrum's own Cyclically Adjusted PB Ratio has ranged from 1.13 to 2.77 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 1.21, Eslite Spectrum 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 Retail - Cyclical company?
The median Cyclically Adjusted PB Ratio among Retail - Cyclical companies is 1.21, based on 788 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. Eslite Spectrum's current Cyclically Adjusted PB Ratio of 1.13 is 6.2% 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 Eslite Spectrum and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eslite Spectrum's current Cyclically Adjusted PB Ratio is 1.13, which is 38% below median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eslite Spectrum stock overvalued right now?
Based on GuruFocus' analysis, Eslite Spectrum (ROCO:2926) is currently considered Possible Value Trap. The stock's GF Value™ is NT$52.12, compared to a current price of NT$30.40 — trading 41.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.13, which is 38% below median its 10-year median of 1.82 and 6.2% below the Retail - Cyclical industry median of 1.21. Eslite Spectrum's overall GF Score™ is 55/100 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 Eslite Spectrum (ROCO:2926), the current Cyclically Adjusted PB Ratio is 1.13 as of Aug. 20, 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 Eslite Spectrum (ROCO:2926) Overvalued in 2026?

Based on GuruFocus' analysis, Eslite Spectrum stock appears to be undervalued. The current stock price of NT$30.40 is trading 41.7% below its estimated GF Value™ of NT$52.12. GuruFocus considers Eslite Spectrum to be Possible Value Trap.

Key valuation signals for ROCO:2926:

  • Cyclically Adjusted PB Ratio: 1.13 (38% below median its 10-year median of 1.82)
  • GF Value™: NT$52.12 vs. price of NT$30.40 (41.7% below fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 6.2% below the Retail - Cyclical median (#374 of 788)

No single metric tells the full story. See the ROCO:2926 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eslite Spectrum Business Description

Address Songde Road, B1, No. 204, Section 3, Xinyi District, Taipei, TWN, 110027
Eslite Spectrum Corp mainly engaged in channels of cultural and creative industry, operation entrustment and management counseling services of department stores, trading and import of appliances and equipment for hotel use, trading and installation of appliances and equipment for kitchen use, import agency and retail of foods, as well as the operation of cafes and restaurants, as well as online retail, operation of logistics and warehousing services and others. The business segments of the company include the Omni-channel development business, Hotel business, and the Hospitality business of which majority of revenue comes from Omni-channel development business. It has presence in Taiwan, Hong Kong, China, and Malaysia. The company generates majority of revenue from Taiwan.
55GF Score

Get the complete analysis for ROCO:2926

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

NT$30.40
Price
NT$52.12
GF Value