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.
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.
Micro Base TechnologyROCO:3184 64 Cyclically Adjusted PB Ratio is 1.40 as of Aug. 22, 2026, which is 11% below its 10-year median of 1.58. GuruFocus rates ROCO:3184 with a GF Score™ of 64/100 and a GF Value™ of NT$16.73 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,951 Hardware companies, Micro Base Technology ranks better than 61.2% on this metric.
The historical rank and industry rank for Micro Base Technology's Cyclically Adjusted PB Ratio or its related term are showing as below:
ROCO:3184'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.97 Med: 1.58 Max: 3.22
Current: 1.4
During the past 13 years, Micro Base Technology's highest Cyclically Adjusted PB Ratio was 3.22. The lowest was 0.97. And the median was 1.58.
ROCO:3184's Cyclically Adjusted PB Ratio is ranked better than 61.2% of 1951
companies
in the Hardware industry
Industry Median: 2.07
vs ROCO:3184: 1.40
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.
Micro Base Technology's adjusted book value per share data of for the fiscal year that ended in Dec25 was NT$10.441. 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$9.28 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Micro Base Technology (ROCO:3184) 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.
Micro Base Technology Cyclically Adjusted PB Ratio Related Terms
Micro Base Technology Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Micro Base 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.
Micro Base Technology Cyclically Adjusted PB Ratio Chart
ROCO:3184 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison
For the Electronic Components subindustry, Micro Base 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.
Micro Base Technology Cyclically Adjusted PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Micro Base Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Micro Base Technology's Cyclically Adjusted PB Ratio falls into.
Micro Base 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.
* 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.
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 1.40 mean?
Micro Base Technology (ROCO:3184) has a Cyclically Adjusted PB Ratio of 1.40 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 Micro Base Technology and its competitors. This is 11% below median its historical median of 1.58. Over the past decade, Micro Base Technology's Cyclically Adjusted PB Ratio has ranged from 0.97 to 3.22. According to the industry distribution chart, Micro Base Technology ranks #757 out of 1951 companies in the Hardware industry, placing it in the top 38.8%.
Is Micro Base Technology's Cyclically Adjusted PB Ratio too high?
Micro Base Technology's current Cyclically Adjusted PB Ratio of 1.40 is 11% below median its 10-year median of 1.58. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 3.22. The Hardware industry median Cyclically Adjusted PB Ratio is 2.07. Micro Base Technology's value of 1.40 is 32.4% below this industry median. Based on the distribution chart, Micro Base Technology ranks #757 out of 1951 companies in the Hardware industry, which is above the industry midpoint. Overall, Micro Base Technology has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Micro Base Technology's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Micro Base Technology ranks #757 out of 1951 companies for Cyclically Adjusted PB Ratio. This puts Micro Base Technology in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Micro Base Technology's value of 1.40 is 32.4% below this benchmark. Historically, Micro Base Technology's own Cyclically Adjusted PB Ratio has ranged from 0.97 to 3.22 over the past decade. While the company's 10-year median is 1.58 vs. the industry median of 2.07, Micro Base Technology 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.07, based on 1,951 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. Micro Base Technology's current Cyclically Adjusted PB Ratio of 1.40 is 32.4% 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 Micro Base Technology and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micro Base Technology's current Cyclically Adjusted PB Ratio is 1.40, which is 11% below median its own 10-year median of 1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro Base Technology stock overvalued right now?
Based on GuruFocus' analysis, Micro Base Technology (ROCO:3184) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$16.73, compared to a current price of NT$12.95 — trading 22.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.40, which is 11% below median its 10-year median of 1.58 and 32.4% below the Hardware industry median of 2.07. Micro Base Technology's overall GF Score™ is 64/100 with 3 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 Micro Base Technology (ROCO:3184), the current Cyclically Adjusted PB Ratio is 1.40 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 Micro Base Technology (ROCO:3184) Overvalued in 2026?
Based on GuruFocus' analysis, Micro Base Technology stock appears to be undervalued.
The current stock price of NT$12.95 is trading 22.6% below its estimated GF Value™ of NT$16.73.
GuruFocus considers Micro Base Technology to be Modestly Undervalued.
Key valuation signals for ROCO:3184:
Cyclically Adjusted PB Ratio: 1.40 (11% below median its 10-year median of 1.58)
GF Value™: NT$16.73 vs. price of NT$12.95 (22.6% below fair value)
Industry Position: 32.4% below the Hardware median (#757 of 1951)
No single metric tells the full story. See the ROCO:3184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micro Base Technology Corp is engaged in the development of Laser LIGA, a non-silicon-based micromachining technology. It is involved in the research and development, manufacturing, and sale of miniaturized devices, and micron-scale parts and systems in Taiwan. The company offers its products under three categories namely electronic, beauty, and medical devices. It also engaged in designing and consulting business.
64GF Score
Get the complete analysis for ROCO:3184
Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:3184 has been successfully added to your 
