UTECHZONE Co (ROCO:3455) Cyclically Adjusted PB Ratio: 5.68 (As of Aug. 20, 2026) — 161% Above Median

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ROCO:3455 UTECHZONE Co Ltd ROCO:3455
46 GF Score
Price NT$243.00
GF Value NT$67.91
Valuation Significantly Overvalued
! 3 Warning Signs
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What is UTECHZONE Co Cyclically Adjusted PB Ratio?

UTECHZONE Co ROCO:3455 -1.62% 46 Cyclically Adjusted PB Ratio is 5.68 as of Aug. 20, 2026, which is 161% above its 10-year median of 2.18. GuruFocus rates ROCO:3455 with a GF Score™ of 46/100 and a GF Value™ of NT$67.91 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,953 Hardware companies, UTECHZONE Co ranks worse than 80.34% on this metric.

As of today (2026-08-20), UTECHZONE Co's current share price is NT$243.00. UTECHZONE Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$42.79. UTECHZONE Co's Cyclically Adjusted PB Ratio for today is 5.68.

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

ROCO:3455' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.21   Med: 2.18   Max: 6.85
Current: 5.37

During the past years, UTECHZONE Co's highest Cyclically Adjusted PB Ratio was 6.85. The lowest was 1.21. And the median was 2.18.

ROCO:3455's Cyclically Adjusted PB Ratio is ranked worse than
80.34% of 1953 companies
in the Hardware industry
Industry Median: 2.09 vs ROCO:3455: 5.37

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.

UTECHZONE Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$38.624. 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$42.79 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


UTECHZONE Co  (ROCO:3455) 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.


UTECHZONE Co Cyclically Adjusted PB Ratio Related Terms


UTECHZONE Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for UTECHZONE 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.

UTECHZONE Co Cyclically Adjusted PB Ratio Chart

UTECHZONE 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 2.61 2.19 1.91 2.83 2.68

UTECHZONE 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 2.34 2.11 2.23 2.68 2.89

ROCO:3455 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, UTECHZONE 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.


UTECHZONE Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


ROCO:3455
46GF Score
UTECHZONE Co Ltd ROCO:3455
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

UTECHZONE 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=243.00/42.79
=5.68

* 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.

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

For example, UTECHZONE 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)
=38.624/330.2130*330.2130
=38.624

Current CPI (Mar. 2026) = 330.2130.

UTECHZONE Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 25.874 241.018 35.449
201609 27.303 241.428 37.344
201612 30.915 241.432 42.283
201703 29.347 243.801 39.749
201706 27.707 244.955 37.351
201709 28.304 246.819 37.867
201712 30.060 246.524 40.265
201803 29.856 249.554 39.506
201806 29.680 251.989 38.893
201809 30.783 252.439 40.267
201812 32.940 251.233 43.295
201903 34.658 254.202 45.021
201906 34.856 256.143 44.935
201909 36.401 256.759 46.815
201912 35.617 256.974 45.768
202003 32.345 258.115 41.380
202006 32.811 257.797 42.028
202009 34.591 260.280 43.885
202012 36.861 260.474 46.730
202103 33.540 264.877 41.813
202106 34.952 271.696 42.480
202109 37.555 274.310 45.209
202112 40.388 278.802 47.836
202203 36.243 287.504 41.627
202206 39.435 296.311 43.947
202209 43.770 296.808 48.696
202212 47.581 296.797 52.938
202303 39.401 301.836 43.105
202306 39.551 305.109 42.805
202309 41.459 307.789 44.479
202312 44.324 306.746 47.715
202403 40.073 312.332 42.367
202406 40.667 314.175 42.743
202409 41.326 315.301 43.280
202412 44.578 315.605 46.641
202503 40.190 319.799 41.499
202506 38.511 322.561 39.425
202509 41.242 324.800 41.929
202512 42.879 324.054 43.694
202603 38.624 330.213 38.624

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 5.68 mean?
UTECHZONE Co (ROCO:3455) has a Cyclically Adjusted PB Ratio of 5.68 as of Aug. 20, 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 UTECHZONE Co and its competitors. This is 161% above median its historical median of 2.18. Over the past decade, UTECHZONE Co's Cyclically Adjusted PB Ratio has ranged from 1.21 to 6.85. According to the industry distribution chart, UTECHZONE Co ranks #1569 out of 1953 companies in the Hardware industry, placing it in the top 80.3%.
Is UTECHZONE Co's Cyclically Adjusted PB Ratio too high?
UTECHZONE Co's current Cyclically Adjusted PB Ratio of 5.68 is 161% above median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 6.85. The Hardware industry median Cyclically Adjusted PB Ratio is 2.09. UTECHZONE Co's value of 5.68 is 171.8% above this industry median. Based on the distribution chart, UTECHZONE Co ranks #1569 out of 1953 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, UTECHZONE Co has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does UTECHZONE Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, UTECHZONE Co ranks #1569 out of 1953 companies for Cyclically Adjusted PB Ratio. This places UTECHZONE Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.09. UTECHZONE Co's value of 5.68 is 171.8% above this benchmark. Historically, UTECHZONE Co's own Cyclically Adjusted PB Ratio has ranged from 1.21 to 6.85 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 2.09, UTECHZONE Co 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.09, based on 1,953 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. UTECHZONE Co's current Cyclically Adjusted PB Ratio of 5.68 is 171.8% 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 UTECHZONE Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UTECHZONE Co's current Cyclically Adjusted PB Ratio is 5.68, which is 161% above median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UTECHZONE Co stock overvalued right now?
Based on GuruFocus' analysis, UTECHZONE Co (ROCO:3455) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$67.91, compared to a current price of NT$243.00 — trading 257.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.68, which is 161% above median its 10-year median of 2.18 and 171.8% above the Hardware industry median of 2.09. UTECHZONE Co's overall GF Score™ is 46/100 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 UTECHZONE Co (ROCO:3455), the current Cyclically Adjusted PB Ratio is 5.68 as of Aug. 20, 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 UTECHZONE Co (ROCO:3455) Overvalued in 2026?

Based on GuruFocus' analysis, UTECHZONE Co stock appears to be overvalued. The current stock price of NT$243.00 is trading 257.8% above its estimated GF Value™ of NT$67.91. GuruFocus considers UTECHZONE Co to be Significantly Overvalued.

Key valuation signals for ROCO:3455:

  • Cyclically Adjusted PB Ratio: 5.68 (161% above median its 10-year median of 2.18)
  • GF Value™: NT$67.91 vs. price of NT$243.00 (257.8% above fair value)
  • GF Score™: 46/100 with 3 warning signs
  • Industry Position: 171.8% above the Hardware median (#1569 of 1953)

No single metric tells the full story. See the ROCO:3455 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


UTECHZONE Co Business Description

Address 10F, No. 268, Liancheng Road, Taipei County, Jhonghe City, TWN, 23553
UTECHZONE Co Ltd is engaged in the development of automated optical inspection equipment for integrated circuits and thin film transistor liquid crystal displays. It provides strip type, panel type and flip chip AOI equipment.
46GF Score

Get the complete analysis for ROCO:3455

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

NT$243.00
Price
NT$67.91
GF Value