Tekcore Co (ROCO:3339) Cyclically Adjusted PB Ratio: 2.56 (As of Aug. 16, 2026) — 341% Above Median

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ROCO:3339 Tekcore Co Ltd ROCO:3339
56 GF Score
Price NT$37.20
GF Value NT$45.42
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Tekcore Co Cyclically Adjusted PB Ratio?

Tekcore Co ROCO:3339 -2.23% 56 Cyclically Adjusted PB Ratio is 2.56 as of Aug. 16, 2026, which is 341% above its 10-year median of 0.58. GuruFocus rates ROCO:3339 with a GF Score™ of 56/100 and a GF Value™ of NT$45.42 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 727 Semiconductors companies, Tekcore Co ranks better than 57.63% on this metric.

As of today (2026-08-16), Tekcore Co's current share price is NT$37.20. Tekcore Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$14.54. Tekcore Co's Cyclically Adjusted PB Ratio for today is 2.56.

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

ROCO:3339' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.58   Max: 4.76
Current: 2.56

During the past years, Tekcore Co's highest Cyclically Adjusted PB Ratio was 4.76. The lowest was 0.11. And the median was 0.58.

ROCO:3339's Cyclically Adjusted PB Ratio is ranked better than
57.63% of 727 companies
in the Semiconductors industry
Industry Median: 3.35 vs ROCO:3339: 2.56

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.

Tekcore Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$10.281. 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$14.54 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tekcore Co  (ROCO:3339) 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.


Tekcore Co Cyclically Adjusted PB Ratio Related Terms


Tekcore Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Tekcore 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.

Tekcore Co Cyclically Adjusted PB Ratio Chart

Tekcore 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 0.61 0.44 0.83 1.84 1.71

Tekcore 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 1.95 2.42 2.20 1.71 2.52

ROCO:3339 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Tekcore 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.


Tekcore Co Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


ROCO:3339
56GF Score
Tekcore Co Ltd ROCO:3339
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tekcore 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.

Tekcore Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.20/14.54
=2.56

* 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.

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

For example, Tekcore 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)
=10.281/330.2130*330.2130
=10.281

Current CPI (Mar. 2026) = 330.2130.

Tekcore Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 18.421 241.018 25.238
201609 14.450 241.428 19.764
201612 14.257 241.432 19.500
201703 13.294 243.801 18.006
201706 12.764 244.955 17.207
201709 12.808 246.819 17.136
201712 12.773 246.524 17.109
201803 12.885 249.554 17.050
201806 12.836 251.989 16.821
201809 12.738 252.439 16.662
201812 12.273 251.233 16.131
201903 11.700 254.202 15.199
201906 11.333 256.143 14.610
201909 10.662 256.759 13.712
201912 9.604 256.974 12.341
202003 8.864 258.115 11.340
202006 8.341 257.797 10.684
202009 8.475 260.280 10.752
202012 8.453 260.474 10.716
202103 8.970 264.877 11.183
202106 9.191 271.696 11.171
202109 11.460 274.310 13.795
202112 12.414 278.802 14.703
202203 12.170 287.504 13.978
202206 12.336 296.311 13.747
202209 11.837 296.808 13.169
202212 11.839 296.797 13.172
202303 11.874 301.836 12.990
202306 12.049 305.109 13.040
202309 12.289 307.789 13.184
202312 12.175 306.746 13.106
202403 16.700 312.332 17.656
202406 17.706 314.175 18.610
202409 14.007 315.301 14.669
202412 13.957 315.605 14.603
202503 13.323 319.799 13.757
202506 11.805 322.561 12.085
202509 11.462 324.800 11.653
202512 11.049 324.054 11.259
202603 10.281 330.213 10.281

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 2.56 mean?
Tekcore Co (ROCO:3339) has a Cyclically Adjusted PB Ratio of 2.56 as of Aug. 16, 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 Tekcore Co and its competitors. This is 341% above median its historical median of 0.58. Over the past decade, Tekcore Co's Cyclically Adjusted PB Ratio has ranged from 0.11 to 4.76. According to the industry distribution chart, Tekcore Co ranks #308 out of 727 companies in the Semiconductors industry, placing it in the top 42.4%.
Is Tekcore Co's Cyclically Adjusted PB Ratio too high?
Tekcore Co's current Cyclically Adjusted PB Ratio of 2.56 is 341% above median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 4.76. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.35. Tekcore Co's value of 2.56 is 23.6% below this industry median. Based on the distribution chart, Tekcore Co ranks #308 out of 727 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Tekcore Co has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tekcore Co's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Tekcore Co ranks #308 out of 727 companies for Cyclically Adjusted PB Ratio. This puts Tekcore Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.35. Tekcore Co's value of 2.56 is 23.6% below this benchmark. Historically, Tekcore Co's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 4.76 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 3.35, Tekcore 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.35, based on 727 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. Tekcore Co's current Cyclically Adjusted PB Ratio of 2.56 is 23.6% 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 Tekcore Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tekcore Co's current Cyclically Adjusted PB Ratio is 2.56, which is 341% above median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tekcore Co stock overvalued right now?
Based on GuruFocus' analysis, Tekcore Co (ROCO:3339) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$45.42, compared to a current price of NT$37.20 — trading 18.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.56, which is 341% above median its 10-year median of 0.58 and 23.6% below the Semiconductors industry median of 3.35. Tekcore Co's overall GF Score™ is 56/100 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 Tekcore Co (ROCO:3339), the current Cyclically Adjusted PB Ratio is 2.56 as of Aug. 16, 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 Tekcore Co (ROCO:3339) Overvalued in 2026?

Based on GuruFocus' analysis, Tekcore Co stock appears to be undervalued. The current stock price of NT$37.20 is trading 18.1% below its estimated GF Value™ of NT$45.42. GuruFocus considers Tekcore Co to be Modestly Undervalued.

Key valuation signals for ROCO:3339:

  • Cyclically Adjusted PB Ratio: 2.56 (341% above median its 10-year median of 0.58)
  • GF Value™: NT$45.42 vs. price of NT$37.20 (18.1% below fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 23.6% below the Semiconductors median (#308 of 727)

No single metric tells the full story. See the ROCO:3339 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tekcore Co Business Description

Address No. 18, Ziqiang 3rd Road, Nan-Kung Industrial Zone, Nantou County, Nantou, TWN
Tekcore Co Ltd engages in the manufacturing and sales of epitaxial wafers and chips for light-emitting diodes. The company specializes in high-brightness chips in green, blue, and ultraviolet wavelengths, as well as red, yellow, and orange chips to cover the various spectra of visible light. Its products are used in various applications, including large-scale displays and billboards; optical fiber cables; indicator lights; LCD and projection backlighting; low-light environments; miniaturized light sources; cell phones, cameras, and other small electronic displays.
56GF Score

Get the complete analysis for ROCO:3339

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

NT$37.20
Price
NT$45.42
GF Value