Shian Yih Electronic Industry Co (ROCO:3531) Cyclically Adjusted PB Ratio: 0.62 (As of Aug. 13, 2026) — 16% Below Median

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ROCO:3531 Shian Yih Electronic Industry Co Ltd ROCO:3531
67 GF Score
Price NT$21.70
GF Value NT$17.56
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Shian Yih Electronic Industry Co Cyclically Adjusted PB Ratio?

Shian Yih Electronic Industry Co ROCO:3531 +1.64% 67 Cyclically Adjusted PB Ratio is 0.62 as of Aug. 13, 2026, which is 16% below its 10-year median of 0.74. GuruFocus rates ROCO:3531 with a GF Score™ of 67/100 and a GF Value™ of NT$17.56 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 728 Semiconductors companies, Shian Yih Electronic Industry Co ranks better than 89.84% on this metric.

As of today (2026-08-13), Shian Yih Electronic Industry Co's current share price is NT$21.70. Shian Yih Electronic Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$34.93. Shian Yih Electronic Industry Co's Cyclically Adjusted PB Ratio for today is 0.62.

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

ROCO:3531' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.74   Max: 1.02
Current: 0.62

During the past years, Shian Yih Electronic Industry Co's highest Cyclically Adjusted PB Ratio was 1.02. The lowest was 0.59. And the median was 0.74.

ROCO:3531's Cyclically Adjusted PB Ratio is ranked better than
89.84% of 728 companies
in the Semiconductors industry
Industry Median: 3.23 vs ROCO:3531: 0.62

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.

Shian Yih Electronic Industry Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$30.547. 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$34.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shian Yih Electronic Industry Co  (ROCO:3531) 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.


Shian Yih Electronic Industry Co Cyclically Adjusted PB Ratio Related Terms


Shian Yih Electronic Industry Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Shian Yih Electronic Industry 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.

Shian Yih Electronic Industry Co Cyclically Adjusted PB Ratio Chart

Shian Yih Electronic Industry 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 0.68 0.77 0.95 0.77 0.63

Shian Yih Electronic Industry 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 0.77 0.67 0.68 0.63 0.60

ROCO:3531 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Shian Yih Electronic Industry 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.


Shian Yih Electronic Industry Co Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

* The bar in red indicates where Shian Yih Electronic Industry Co's Cyclically Adjusted PB Ratio falls into.


ROCO:3531
67GF Score
Shian Yih Electronic Industry Co Ltd ROCO:3531
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shian Yih Electronic Industry 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.

Shian Yih Electronic Industry Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.70/34.93
=0.62

* 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.

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

For example, Shian Yih Electronic Industry 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)
=30.547/330.2130*330.2130
=30.547

Current CPI (Mar. 2026) = 330.2130.

Shian Yih Electronic Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 28.427 241.018 38.947
201609 28.266 241.428 38.661
201612 29.080 241.432 39.773
201703 28.268 243.801 38.287
201706 28.207 244.955 38.025
201709 29.116 246.819 38.954
201712 29.527 246.524 39.551
201803 29.411 249.554 38.917
201806 28.225 251.989 36.987
201809 28.411 252.439 37.164
201812 28.972 251.233 38.080
201903 29.569 254.202 38.411
201906 28.877 256.143 37.227
201909 29.176 256.759 37.523
201912 29.438 256.974 37.828
202003 29.499 258.115 37.739
202006 27.493 257.797 35.216
202009 27.619 260.280 35.040
202012 28.142 260.474 35.677
202103 28.260 264.877 35.231
202106 28.111 271.696 34.165
202109 27.528 274.310 33.138
202112 28.399 278.802 33.636
202203 28.289 287.504 32.491
202206 29.313 296.311 32.667
202209 30.847 296.808 34.319
202212 30.672 296.797 34.125
202303 28.676 301.836 31.372
202306 29.085 305.109 31.478
202309 31.022 307.789 33.282
202312 30.805 306.746 33.162
202403 30.382 312.332 32.121
202406 30.891 314.175 32.468
202409 30.050 315.301 31.471
202412 31.005 315.605 32.440
202503 30.845 319.799 31.849
202506 28.078 322.561 28.744
202509 29.014 324.800 29.498
202512 30.363 324.054 30.940
202603 30.547 330.213 30.547

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 0.62 mean?
Shian Yih Electronic Industry Co (ROCO:3531) has a Cyclically Adjusted PB Ratio of 0.62 as of Aug. 13, 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 Shian Yih Electronic Industry Co and its competitors. This is 16% below median its historical median of 0.74. Over the past decade, Shian Yih Electronic Industry Co's Cyclically Adjusted PB Ratio has ranged from 0.59 to 1.02. According to the industry distribution chart, Shian Yih Electronic Industry Co ranks #74 out of 728 companies in the Semiconductors industry, placing it in the top 10.2%.
Is Shian Yih Electronic Industry Co's Cyclically Adjusted PB Ratio too high?
Shian Yih Electronic Industry Co's current Cyclically Adjusted PB Ratio of 0.62 is 16% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.02. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.23. Shian Yih Electronic Industry Co's value of 0.62 is 80.8% below this industry median. Based on the distribution chart, Shian Yih Electronic Industry Co ranks #74 out of 728 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Shian Yih Electronic Industry Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shian Yih Electronic Industry Co's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shian Yih Electronic Industry Co ranks #74 out of 728 companies for Cyclically Adjusted PB Ratio. This places Shian Yih Electronic Industry Co in the top 10% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.23. Shian Yih Electronic Industry Co's value of 0.62 is 80.8% below this benchmark. Historically, Shian Yih Electronic Industry Co's own Cyclically Adjusted PB Ratio has ranged from 0.59 to 1.02 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 3.23, Shian Yih Electronic Industry 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 3.23, based on 728 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. Shian Yih Electronic Industry Co's current Cyclically Adjusted PB Ratio of 0.62 is 80.8% 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 Shian Yih Electronic Industry Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shian Yih Electronic Industry Co's current Cyclically Adjusted PB Ratio is 0.62, which is 16% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shian Yih Electronic Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Shian Yih Electronic Industry Co (ROCO:3531) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$17.56, compared to a current price of NT$21.70 — trading 23.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.62, which is 16% below median its 10-year median of 0.74 and 80.8% below the Semiconductors industry median of 3.23. Shian Yih Electronic Industry Co's overall GF Score™ is 67/100 with 6 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 Shian Yih Electronic Industry Co (ROCO:3531), the current Cyclically Adjusted PB Ratio is 0.62 as of Aug. 13, 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 Shian Yih Electronic Industry Co (ROCO:3531) Overvalued in 2026?

Based on GuruFocus' analysis, Shian Yih Electronic Industry Co stock appears to be overvalued. The current stock price of NT$21.70 is trading 23.6% above its estimated GF Value™ of NT$17.56. GuruFocus considers Shian Yih Electronic Industry Co to be Modestly Overvalued.

Key valuation signals for ROCO:3531:

  • Cyclically Adjusted PB Ratio: 0.62 (16% below median its 10-year median of 0.74)
  • GF Value™: NT$17.56 vs. price of NT$21.70 (23.6% above fair value)
  • GF Score™: 67/100 with 6 warning signs
  • Industry Position: 80.8% below the Semiconductors median (#74 of 728)

No single metric tells the full story. See the ROCO:3531 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shian Yih Electronic Industry Co Business Description

Address No. 22, Industry 24th Road, Taichung Industrial Park, Taichung, TWN
Shian Yih Electronic Industry Co Ltd manufactures small to medium-sized LED backlight modules in Taiwan. Its products are applied in liquid crystal displays (LCDs), notebook computers, LCD televisions, digital cameras, personal digital assistants (PDAs), and mobile phones. Its products comprise small to medium-sized LED backlight modules, motorcycle and vehicle LED headlight modules, LED packaging & sales (IR, light emitting diode, PT), mold design and fabrication, and plastic injection molding. The companies reportable segment is the Backlight Module Segment. The back light module segment principally engages in the manufacture and sale of products related to back light modules.
67GF Score

Get the complete analysis for ROCO:3531

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

NT$21.70
Price
NT$17.56
GF Value