ADO Optronic (ROCO:3516) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:3516 ADO Optronic Corp ROCO:3516
42 GF Score
Price NT$25.45
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What is ADO Optronic Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ADO Optronic  (ROCO:3516) 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.


ADO Optronic Cyclically Adjusted PB Ratio Related Terms


ADO Optronic Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ADO Optronic'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.

ADO Optronic Cyclically Adjusted PB Ratio Chart

ADO Optronic 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 0.65 0.58 0.66 0.89 0.73

ADO Optronic 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 0.73 0.76 0.73 0.64 0.00

ROCO:3516 vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, ADO Optronic'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.


ADO Optronic Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, ADO Optronic's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:3516
42GF Score
ADO Optronic Corp ROCO:3516
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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ADO Optronic 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.

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

For example, ADO Optronic'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)
=21.259/333.9520*333.9520
=21.259

Current CPI (Jun. 2026) = 333.9520.

ADO Optronic Quarterly Data

Book Value per Share CPI Adj_Book
201609 21.400 241.428 29.601
201612 18.262 241.432 25.260
201703 17.590 243.801 24.094
201706 17.782 244.955 24.243
201709 23.992 246.819 32.462
201712 23.958 246.524 32.455
201803 23.947 249.554 32.046
201806 23.304 251.989 30.884
201809 22.732 252.439 30.072
201812 22.675 251.233 30.141
201903 22.980 254.202 30.189
201906 22.654 256.143 29.536
201909 22.559 256.759 29.341
201912 22.272 256.974 28.944
202003 22.018 258.115 28.487
202006 22.923 257.797 29.695
202009 23.079 260.280 29.611
202012 23.576 260.474 30.227
202103 23.262 264.877 29.328
202106 23.111 271.696 28.407
202109 23.181 274.310 28.221
202112 23.699 278.802 28.387
202203 24.612 287.504 28.588
202206 24.055 296.311 27.111
202209 24.530 296.808 27.600
202212 24.613 296.797 27.694
202303 24.738 301.836 27.370
202306 24.308 305.109 26.606
202309 24.932 307.789 27.051
202312 24.448 306.746 26.616
202403 24.746 312.332 26.459
202406 24.853 314.175 26.417
202409 25.273 315.301 26.768
202412 25.878 315.605 27.382
202503 26.326 319.799 27.491
202506 24.440 322.561 25.303
202509 24.718 324.800 25.414
202512 25.422 324.054 26.198
202603 25.911 330.213 26.204
202606 21.259 333.952 21.259

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.


ADO Optronic Business Description

Address No.858, Guangfu Road, Taoyuan, Bade, TWN
ADO Optronic Corp is a Taiwan based company engages in the processing, assembly, and distribution of commercial lighting, indoor and outdoor LED lighting, and plastic injection products.
42GF Score

Get the complete analysis for ROCO:3516

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

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