Joinsoon Electronics Manufacturing Co (ROCO:3322) Cyclically Adjusted PB Ratio: 0.91 (As of Aug. 12, 2026) — 35% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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:3322 Joinsoon Electronics Manufacturing Co Ltd ROCO:3322
45 GF Score
Price NT$11.35
GF Value NT$20.07
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Joinsoon Electronics Manufacturing Co Cyclically Adjusted PB Ratio?

Joinsoon Electronics Manufacturing Co ROCO:3322 -0.87% 45 Cyclically Adjusted PB Ratio is 0.91 as of Aug. 12, 2026, which is 35% below its 10-year median of 1.40. GuruFocus rates ROCO:3322 with a GF Score™ of 45/100 and a GF Value™ of NT$20.07 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,965 Hardware companies, Joinsoon Electronics Manufacturing Co ranks better than 74.15% on this metric.

As of today (2026-08-12), Joinsoon Electronics Manufacturing Co's current share price is NT$11.35. Joinsoon Electronics Manufacturing Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$12.53. Joinsoon Electronics Manufacturing Co's Cyclically Adjusted PB Ratio for today is 0.91.

The historical rank and industry rank for Joinsoon Electronics Manufacturing Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

ROCO:3322' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 1.4   Max: 2.48
Current: 0.9

During the past years, Joinsoon Electronics Manufacturing Co's highest Cyclically Adjusted PB Ratio was 2.48. The lowest was 0.42. And the median was 1.40.

ROCO:3322's Cyclically Adjusted PB Ratio is ranked better than
74.15% of 1965 companies
in the Hardware industry
Industry Median: 2.07 vs ROCO:3322: 0.90

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.

Joinsoon Electronics Manufacturing Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$13.138. 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$12.53 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Joinsoon Electronics Manufacturing Co  (ROCO:3322) 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.


Joinsoon Electronics Manufacturing Co Cyclically Adjusted PB Ratio Related Terms


Joinsoon Electronics Manufacturing Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Joinsoon Electronics Manufacturing Co'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.

Joinsoon Electronics Manufacturing Co Cyclically Adjusted PB Ratio Chart

Joinsoon Electronics Manufacturing Co 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 2.41 1.50 1.75 1.37 1.23

Joinsoon Electronics Manufacturing Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.17 1.03 1.10 1.23 0.98

ROCO:3322 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Joinsoon Electronics Manufacturing Co'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.


Joinsoon Electronics Manufacturing Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Joinsoon Electronics Manufacturing Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:3322
45GF Score
Joinsoon Electronics Manufacturing Co Ltd ROCO:3322
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Joinsoon Electronics Manufacturing Co 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.

Joinsoon Electronics Manufacturing Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=11.35/12.53
=0.91

* 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.

Joinsoon Electronics Manufacturing Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Joinsoon Electronics Manufacturing Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=13.138/330.2130*330.2130
=13.138

Current CPI (Mar. 2026) = 330.2130.

Joinsoon Electronics Manufacturing Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.246 241.018 12.668
201609 8.898 241.428 12.170
201612 8.914 241.432 12.192
201703 8.252 243.801 11.177
201706 8.275 244.955 11.155
201709 7.953 246.819 10.640
201712 7.626 246.524 10.215
201803 6.683 249.554 8.843
201806 6.572 251.989 8.612
201809 10.975 252.439 14.356
201812 11.127 251.233 14.625
201903 10.954 254.202 14.229
201906 10.304 256.143 13.284
201909 9.982 256.759 12.838
201912 9.984 256.974 12.829
202003 9.448 258.115 12.087
202006 9.392 257.797 12.030
202009 9.340 260.280 11.850
202012 9.405 260.474 11.923
202103 9.495 264.877 11.837
202106 9.346 271.696 11.359
202109 9.541 274.310 11.485
202112 11.244 278.802 13.317
202203 11.915 287.504 13.685
202206 11.321 296.311 12.616
202209 12.298 296.808 13.682
202212 12.650 296.797 14.074
202303 12.585 301.836 13.768
202306 11.770 305.109 12.738
202309 12.571 307.789 13.487
202312 12.684 306.746 13.654
202403 12.703 312.332 13.430
202406 12.347 314.175 12.977
202409 13.478 315.301 14.115
202412 13.123 315.605 13.730
202503 13.254 319.799 13.686
202506 11.462 322.561 11.734
202509 12.018 324.800 12.218
202512 12.518 324.054 12.756
202603 13.138 330.213 13.138

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 0.91 mean?
Joinsoon Electronics Manufacturing Co (ROCO:3322) has a Cyclically Adjusted PB Ratio of 0.91 as of Aug. 12, 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 Joinsoon Electronics Manufacturing Co and its competitors. This is 35% below median its historical median of 1.40. Over the past decade, Joinsoon Electronics Manufacturing Co's Cyclically Adjusted PB Ratio has ranged from 0.42 to 2.48. According to the industry distribution chart, Joinsoon Electronics Manufacturing Co ranks #508 out of 1965 companies in the Hardware industry, placing it in the top 25.9%.
Is Joinsoon Electronics Manufacturing Co's Cyclically Adjusted PB Ratio too high?
Joinsoon Electronics Manufacturing Co's current Cyclically Adjusted PB Ratio of 0.91 is 35% below median its 10-year median of 1.40. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 2.48. The Hardware industry median Cyclically Adjusted PB Ratio is 2.07. Joinsoon Electronics Manufacturing Co's value of 0.91 is 56% below this industry median. Based on the distribution chart, Joinsoon Electronics Manufacturing Co ranks #508 out of 1965 companies in the Hardware industry, which is above the industry midpoint. Overall, Joinsoon Electronics Manufacturing Co has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Joinsoon Electronics Manufacturing Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Joinsoon Electronics Manufacturing Co ranks #508 out of 1965 companies for Cyclically Adjusted PB Ratio. This puts Joinsoon Electronics Manufacturing Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Joinsoon Electronics Manufacturing Co's value of 0.91 is 56% below this benchmark. Historically, Joinsoon Electronics Manufacturing Co's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 2.48 over the past decade. While the company's 10-year median is 1.40 vs. the industry median of 2.07, Joinsoon Electronics Manufacturing Co 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 1,965 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. Joinsoon Electronics Manufacturing Co's current Cyclically Adjusted PB Ratio of 0.91 is 56% 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 Joinsoon Electronics Manufacturing Co 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. Joinsoon Electronics Manufacturing Co's current Cyclically Adjusted PB Ratio is 0.91, which is 35% below median its own 10-year median of 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joinsoon Electronics Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Joinsoon Electronics Manufacturing Co (ROCO:3322) is currently considered Possible Value Trap. The stock's GF Value™ is NT$20.07, compared to a current price of NT$11.35 — trading 43.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.91, which is 35% below median its 10-year median of 1.40 and 56% below the Hardware industry median of 2.07. Joinsoon Electronics Manufacturing Co's overall GF Score™ is 45/100 with 7 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 Joinsoon Electronics Manufacturing Co (ROCO:3322), the current Cyclically Adjusted PB Ratio is 0.91 as of Aug. 12, 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 Joinsoon Electronics Manufacturing Co (ROCO:3322) Overvalued in 2026?

Based on GuruFocus' analysis, Joinsoon Electronics Manufacturing Co stock appears to be undervalued. The current stock price of NT$11.35 is trading 43.4% below its estimated GF Value™ of NT$20.07. GuruFocus considers Joinsoon Electronics Manufacturing Co to be Possible Value Trap.

Key valuation signals for ROCO:3322:

  • Cyclically Adjusted PB Ratio: 0.91 (35% below median its 10-year median of 1.40)
  • GF Value™: NT$20.07 vs. price of NT$11.35 (43.4% below fair value)
  • GF Score™: 45/100 with 7 warning signs
  • Industry Position: 56% below the Hardware median (#508 of 1965)

No single metric tells the full story. See the ROCO:3322 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Joinsoon Electronics Manufacturing Co Business Description

Address Sintai 5th Road, 19th Floor Number 79, Section 1, Xizhi District, New Taipei City, TWN, 221
Joinsoon Electronics Manufacturing Co Ltd manufactures and sells computer peripheral equipment and electronic components, The Company has three reporting departments: the connecting components segment, the electronics segment, and the high-speed internet segment. The company generates the majority of its revenue from the connecting components segment. It designs and manufactures signal cables, medical wires, connectors, computer peripheral antennas, and data storage devices.
45GF Score

Get the complete analysis for ROCO:3322

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

NT$11.35
Price
NT$20.07
GF Value