Win Semiconductors (ROCO:3105) Cyclically Adjusted PB Ratio: 4.22 (As of Aug. 22, 2026) — 48% Above Median

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ROCO:3105 Win Semiconductors Corp ROCO:3105
78 GF Score
Price NT$373.00
GF Value NT$257.15
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Win Semiconductors Cyclically Adjusted PB Ratio?

Win Semiconductors ROCO:3105 -1.58% 78 Cyclically Adjusted PB Ratio is 4.22 as of Aug. 22, 2026, which is 48% above its 10-year median of 2.86. GuruFocus rates ROCO:3105 with a GF Score™ of 78/100 and a GF Value™ of NT$257.15 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 725 Semiconductors companies, Win Semiconductors ranks worse than 57.38% on this metric.

As of today (2026-08-22), Win Semiconductors's current share price is NT$373.00. Win Semiconductors's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$88.33. Win Semiconductors's Cyclically Adjusted PB Ratio for today is 4.22.

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

ROCO:3105' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 2.86   Max: 9.97
Current: 4.22

During the past years, Win Semiconductors's highest Cyclically Adjusted PB Ratio was 9.97. The lowest was 1.01. And the median was 2.86.

ROCO:3105's Cyclically Adjusted PB Ratio is ranked worse than
57.38% of 725 companies
in the Semiconductors industry
Industry Median: 3.18 vs ROCO:3105: 4.22

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.

Win Semiconductors's adjusted book value per share data for the three months ended in Jun. 2026 was NT$192.299. 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$88.33 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Win Semiconductors  (ROCO:3105) 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.


Win Semiconductors Cyclically Adjusted PB Ratio Related Terms


Win Semiconductors Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Win Semiconductors'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.

Win Semiconductors Cyclically Adjusted PB Ratio Chart

Win Semiconductors 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 6.88 2.18 2.31 1.48 2.24

Win Semiconductors 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 1.09 1.15 2.24 4.18 4.82

ROCO:3105 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Win Semiconductors'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.


Win Semiconductors Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


ROCO:3105
78GF Score
Win Semiconductors Corp ROCO:3105
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Win Semiconductors 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.

Win Semiconductors's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=373.00/88.33
=4.22

* 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.

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

For example, Win Semiconductors'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)
=192.299/333.9520*333.9520
=192.299

Current CPI (Jun. 2026) = 333.9520.

Win Semiconductors Quarterly Data

Book Value per Share CPI Adj_Book
201609 42.836 241.428 59.252
201612 43.657 241.432 60.387
201703 45.420 243.801 62.215
201706 42.961 244.955 58.570
201709 46.740 246.819 63.240
201712 60.495 246.524 81.949
201803 62.482 249.554 83.613
201806 57.902 251.989 76.735
201809 58.653 252.439 77.592
201812 59.884 251.233 79.601
201903 62.803 254.202 82.506
201906 60.695 256.143 79.132
201909 67.035 256.759 87.189
201912 69.938 256.974 90.888
202003 66.734 258.115 86.341
202006 72.151 257.797 93.465
202009 75.463 260.280 96.823
202012 80.361 260.474 103.030
202103 74.624 264.877 94.085
202106 77.180 271.696 94.865
202109 77.343 274.310 94.159
202112 82.406 278.802 98.707
202203 77.218 287.504 89.693
202206 77.673 296.311 87.540
202209 78.802 296.808 88.664
202212 78.616 296.797 88.458
202303 76.163 301.836 84.267
202306 76.607 305.109 83.849
202309 78.604 307.789 85.286
202312 80.094 306.746 87.198
202403 83.276 312.332 89.040
202406 86.519 314.175 91.965
202409 87.291 315.301 92.455
202412 89.914 315.605 95.141
202503 85.680 319.799 89.472
202506 86.173 322.561 89.216
202509 93.125 324.800 95.749
202512 97.998 324.054 100.991
202603 96.522 330.213 97.615
202606 192.299 333.952 192.299

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 4.22 mean?
Win Semiconductors (ROCO:3105) has a Cyclically Adjusted PB Ratio of 4.22 as of Aug. 22, 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 Win Semiconductors and its competitors. This is 48% above median its historical median of 2.86. Over the past decade, Win Semiconductors' Cyclically Adjusted PB Ratio has ranged from 1.01 to 9.97. According to the industry distribution chart, Win Semiconductors ranks #416 out of 725 companies in the Semiconductors industry, placing it in the top 57.4%.
Is Win Semiconductors' Cyclically Adjusted PB Ratio too high?
Win Semiconductors' current Cyclically Adjusted PB Ratio of 4.22 is 48% above median its 10-year median of 2.86. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 9.97. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.18. Win Semiconductors' value of 4.22 is 32.7% above this industry median. Based on the distribution chart, Win Semiconductors ranks #416 out of 725 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Win Semiconductors has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Win Semiconductors' Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Win Semiconductors ranks #416 out of 725 companies for Cyclically Adjusted PB Ratio. This places Win Semiconductors in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.18. Win Semiconductors' value of 4.22 is 32.7% above this benchmark. Historically, Win Semiconductors' own Cyclically Adjusted PB Ratio has ranged from 1.01 to 9.97 over the past decade. While the company's 10-year median is 2.86 vs. the industry median of 3.18, Win Semiconductors 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.18, based on 725 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. Win Semiconductors's current Cyclically Adjusted PB Ratio of 4.22 is 32.7% 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 Win Semiconductors and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Win Semiconductors's current Cyclically Adjusted PB Ratio is 4.22, which is 48% above median its own 10-year median of 2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Win Semiconductors stock overvalued right now?
Based on GuruFocus' analysis, Win Semiconductors (ROCO:3105) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$257.15, compared to a current price of NT$373.00 — trading 45.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.22, which is 48% above median its 10-year median of 2.86 and 32.7% above the Semiconductors industry median of 3.18. Win Semiconductors' overall GF Score™ is 78/100 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 Win Semiconductors (ROCO:3105), the current Cyclically Adjusted PB Ratio is 4.22 as of Aug. 22, 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 Win Semiconductors (ROCO:3105) Overvalued in 2026?

Based on GuruFocus' analysis, Win Semiconductors stock appears to be overvalued. The current stock price of NT$373.00 is trading 45.1% above its estimated GF Value™ of NT$257.15. GuruFocus considers Win Semiconductors to be Significantly Overvalued.

Key valuation signals for ROCO:3105:

  • Cyclically Adjusted PB Ratio: 4.22 (48% above median its 10-year median of 2.86)
  • GF Value™: NT$257.15 vs. price of NT$373.00 (45.1% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 32.7% above the Semiconductors median (#416 of 725)

No single metric tells the full story. See the ROCO:3105 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Win Semiconductors Business Description

Address No. 69, Keji 7th Road, Hwaya Technology Park, Guishan District, Taoyuan, TWN, 33383
Founded in 1999, Win Semiconductors is the largest foundry for nonsilicon-based semiconductor components, most notably gallium arsenide, or GaAs; gallium nitride, or GaN; and silicon carbide, or SiC. Win Semi wielded over 50% share in the GaAs foundry market in 2025, followed by Advanced Wireless Semiconductor and GCS Holdings. The company's headquarters, four factories, and most of its 3,500 employees are based in Taoyuan City, Taiwan. Its products are applied in mobile, Wi-Fi networks, cellular infrastructure (such as base stations), satellite communication, optical communication, and 3D sensing. The company also provides automated testing and inspection services.
78GF Score

Get the complete analysis for ROCO:3105

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

NT$373.00
Price
NT$257.15
GF Value