Asix Electronics (ROCO:3169) Cyclically Adjusted PB Ratio: (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:3169 Asix Electronics Corp Ltd ROCO:3169
74 GF Score
Price NT$101.00
GF Value NT$98.25
Valuation Fairly Valued
! 4 Warning Signs
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What is Asix Electronics Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Asix Electronics  (ROCO:3169) 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.


Asix Electronics Cyclically Adjusted PB Ratio Related Terms


Asix Electronics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asix Electronics'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.

Asix Electronics Cyclically Adjusted PB Ratio Chart

Asix Electronics 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 13.96 4.53 5.72 4.27 3.78

Asix Electronics 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 3.25 3.71 3.78 3.38 0.00

ROCO:3169 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Asix Electronics'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.


Asix Electronics Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


ROCO:3169
74GF Score
Asix Electronics Corp Ltd ROCO:3169
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Asix Electronics 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.

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

For example, Asix Electronics'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)
=27.796/333.9520*333.9520
=27.796

Current CPI (Jun. 2026) = 333.9520.

Asix Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201609 15.696 241.428 21.711
201612 16.158 241.432 22.350
201703 16.593 243.801 22.729
201706 15.914 244.955 21.696
201709 16.455 246.819 22.264
201712 16.897 246.524 22.889
201803 17.486 249.554 23.400
201806 16.038 251.989 21.255
201809 16.715 252.439 22.112
201812 17.643 251.233 23.452
201903 18.822 254.202 24.727
201906 17.153 256.143 22.364
201909 17.883 256.759 23.259
201912 18.478 256.974 24.013
202003 19.376 258.115 25.069
202006 18.207 257.797 23.585
202009 17.168 260.280 22.027
202012 18.283 260.474 23.441
202103 24.025 264.877 30.290
202106 25.107 271.696 30.860
202109 24.577 274.310 29.921
202112 26.546 278.802 31.797
202203 29.284 287.504 34.015
202206 25.994 296.311 29.296
202209 27.785 296.808 31.262
202212 29.080 296.797 32.720
202303 30.473 301.836 33.715
202306 25.814 305.109 28.254
202309 26.820 307.789 29.100
202312 27.743 306.746 30.204
202403 28.962 312.332 30.967
202406 26.442 314.175 28.106
202409 27.028 315.301 28.627
202412 28.153 315.605 29.790
202503 29.643 319.799 30.955
202506 26.886 322.561 27.835
202509 27.965 324.800 28.753
202512 28.939 324.054 29.823
202603 30.265 330.213 30.608
202606 27.796 333.952 27.796

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 Asix Electronics (ROCO:3169) Overvalued in 2026?

Based on GuruFocus' analysis, Asix Electronics stock appears to be overvalued. The current stock price of NT$101.00 is trading 2.8% above its estimated GF Value™ of NT$98.25. GuruFocus considers Asix Electronics to be Fairly Valued.

Key valuation signals for ROCO:3169:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$98.25 vs. price of NT$101.00 (2.8% above fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the ROCO:3169 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asix Electronics Business Description

Address No. 8, Hsin Ann Road, 4th Floor, Hsinchu Science Park, Hsinchu, TWN, 30078
Asix Electronics Corp Ltd is engaged in the research, development, manufacture and sale of communication and mixed-signal receiving and processing chips, multimedia graphics IC and graphics boards, asynchronous transmission mode chips, interface transmission chips, display driver chips and white light emitting diode driver chips. Geographically, the company generates the majority of its revenue from Taiwan and the rest from China and other regions.
74GF Score

Get the complete analysis for ROCO:3169

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

NT$101.00
Price
NT$98.25
GF Value