Avalue Technology (ROCO:3479) Cyclically Adjusted PB Ratio: 2.73 (As of Sep. 17, 2026) — 13% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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ROCO:3479 Avalue Technology Inc ROCO:3479
80 GF Score
Price NT$129.00
GF Value NT$119.60
Valuation Fairly Valued
! 5 Warning Signs
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What is Avalue Technology Cyclically Adjusted PB Ratio?

Avalue Technology ROCO:3479 -0.39% 80 Cyclically Adjusted PB Ratio is 2.73 as of Sep. 17, 2026, which is 13% above its 10-year median of 2.42. GuruFocus rates ROCO:3479 with a GF Score™ of 80/100 and a GF Value™ of NT$119.60 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,928 Hardware companies, Avalue Technology ranks worse than 65.25% on this metric.

As of today (2026-09-17), Avalue Technology's current share price is NT$129.00. Avalue Technology's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$47.17. Avalue Technology's Cyclically Adjusted PB Ratio for today is 2.73.

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

ROCO:3479' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.56   Med: 2.42   Max: 3.73
Current: 3.12

During the past years, Avalue Technology's highest Cyclically Adjusted PB Ratio was 3.73. The lowest was 1.56. And the median was 2.42.

ROCO:3479's Cyclically Adjusted PB Ratio is ranked worse than
65.25% of 1928 companies
in the Hardware industry
Industry Median: 2.05 vs ROCO:3479: 3.12

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.

Avalue Technology's adjusted book value per share data for the three months ended in Jun. 2026 was NT$54.119. 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$47.17 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avalue Technology  (ROCO:3479) 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.


Avalue Technology Cyclically Adjusted PB Ratio Related Terms


Avalue Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Avalue 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.

Avalue Technology Cyclically Adjusted PB Ratio Chart

Avalue Technology 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 1.57 2.05 2.81 1.99 1.93

Avalue Technology 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 2.26 2.43 2.02 1.81 3.01

ROCO:3479 vs DELL, ANET, SNDK: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, Avalue 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.


Avalue Technology Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


ROCO:3479
80GF Score
Avalue Technology Inc ROCO:3479
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Avalue 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.

Avalue Technology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=129.00/47.171
=2.73

* 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.

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

For example, Avalue Technology'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)
=54.119/333.9520*333.9520
=54.119

Current CPI (Jun. 2026) = 333.9520.

Avalue Technology Quarterly Data

Book Value per Share CPI Adj_Book
201609 30.785 241.428 42.583
201612 32.473 241.432 44.917
201703 32.458 243.801 44.460
201706 29.590 244.955 40.341
201709 31.291 246.819 42.337
201712 32.199 246.524 43.618
201803 32.775 249.554 43.859
201806 31.350 251.989 41.547
201809 32.216 252.439 42.619
201812 33.566 251.233 44.618
201903 34.605 254.202 45.462
201906 33.830 256.143 44.107
201909 35.535 256.759 46.218
201912 37.471 256.974 48.696
202003 35.185 258.115 45.523
202006 35.184 257.797 45.578
202009 36.155 260.280 46.389
202012 36.851 260.474 47.246
202103 34.481 264.877 43.473
202106 34.712 271.696 42.666
202109 35.666 274.310 43.421
202112 37.013 278.802 44.335
202203 36.406 287.504 42.288
202206 38.846 296.311 43.781
202209 42.112 296.808 47.382
202212 44.573 296.797 50.153
202303 42.292 301.836 46.792
202306 44.119 305.109 48.290
202309 47.782 307.789 51.844
202312 48.619 306.746 52.931
202403 46.259 312.332 49.461
202406 47.777 314.175 50.785
202409 49.600 315.301 52.534
202412 52.756 315.605 55.823
202503 50.051 319.799 52.266
202506 47.877 322.561 49.568
202509 52.871 324.800 54.361
202512 54.922 324.054 56.600
202603 53.232 330.213 53.835
202606 54.119 333.952 54.119

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 2.73 mean?
Avalue Technology (ROCO:3479) has a Cyclically Adjusted PB Ratio of 2.73 as of Sep. 17, 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 Avalue Technology and its competitors. This is 13% above median its historical median of 2.42. Over the past decade, Avalue Technology's Cyclically Adjusted PB Ratio has ranged from 1.56 to 3.73. According to the industry distribution chart, Avalue Technology ranks #1258 out of 1928 companies in the Hardware industry, placing it in the top 65.2%.
Is Avalue Technology's Cyclically Adjusted PB Ratio too high?
Avalue Technology's current Cyclically Adjusted PB Ratio of 2.73 is 13% above median its 10-year median of 2.42. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 3.73. The Hardware industry median Cyclically Adjusted PB Ratio is 2.05. Avalue Technology's value of 2.73 is 33.2% above this industry median. Based on the distribution chart, Avalue Technology ranks #1258 out of 1928 companies in the Hardware industry, which is below the industry midpoint. Overall, Avalue Technology has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Avalue Technology's Cyclically Adjusted PB Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, Avalue Technology ranks #1258 out of 1928 companies for Cyclically Adjusted PB Ratio. This places Avalue Technology in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.05. Avalue Technology's value of 2.73 is 33.2% above this benchmark. Historically, Avalue Technology's own Cyclically Adjusted PB Ratio has ranged from 1.56 to 3.73 over the past decade. While the company's 10-year median is 2.42 vs. the industry median of 2.05, Avalue Technology 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 2.05, based on 1,928 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. Avalue Technology's current Cyclically Adjusted PB Ratio of 2.73 is 33.2% 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 Avalue Technology and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avalue Technology's current Cyclically Adjusted PB Ratio is 2.73, which is 13% above median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avalue Technology stock overvalued right now?
Based on GuruFocus' analysis, Avalue Technology (ROCO:3479) is currently considered Fairly Valued. The stock's GF Value™ is NT$119.60, compared to a current price of NT$129.00 — trading 7.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.73, which is 13% above median its 10-year median of 2.42 and 33.2% above the Hardware industry median of 2.05. Avalue Technology's overall GF Score™ is 80/100 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 Avalue Technology (ROCO:3479), the current Cyclically Adjusted PB Ratio is 2.73 as of Sep. 17, 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 Avalue Technology (ROCO:3479) Overvalued in 2026?

Based on GuruFocus' analysis, Avalue Technology stock appears to be overvalued. The current stock price of NT$129.00 is trading 7.9% above its estimated GF Value™ of NT$119.60. GuruFocus considers Avalue Technology to be Fairly Valued.

Key valuation signals for ROCO:3479:

  • Cyclically Adjusted PB Ratio: 2.73 (13% above median its 10-year median of 2.42)
  • GF Value™: NT$119.60 vs. price of NT$129.00 (7.9% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 33.2% above the Hardware median (#1258 of 1928)

No single metric tells the full story. See the ROCO:3479 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Avalue Technology Business Description

Address No. 228 Liancheng Road, Zhonghe District, 7th Floor, New Taipei City, TWN, 235
Avalue Technology Inc designs, manufactures, processes, imports as well as exports PC-based industrial computer products. Its products include an embedded platform, industrial motherboard, applied panel computing, RISC platform and ODM service, industrial motherboard, intelligent system, and among others.
80GF Score

Get the complete analysis for ROCO:3479

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

NT$129.00
Price
NT$119.60
GF Value