Userjoy Technology Co (ROCO:3546) Cyclically Adjusted PB Ratio: 2.89 (As of Aug. 13, 2026) — Near Median

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ROCO:3546 Userjoy Technology Co Ltd ROCO:3546
73 GF Score
Price NT$73.60
GF Value NT$74.93
Valuation Fairly Valued
! 4 Warning Signs
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What is Userjoy Technology Co Cyclically Adjusted PB Ratio?

Userjoy Technology Co ROCO:3546 73 Cyclically Adjusted PB Ratio is 2.89 as of Aug. 13, 2026, which is 6% below its 10-year median of 3.09. GuruFocus rates ROCO:3546 with a GF Score™ of 73/100 and a GF Value™ of NT$74.93 (Fairly Valued). The stock has 4 warning signs investors should review. Among 344 Interactive Media companies, Userjoy Technology Co ranks worse than 69.77% on this metric.

As of today (2026-08-13), Userjoy Technology Co's current share price is NT$73.60. Userjoy Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$25.47. Userjoy Technology Co's Cyclically Adjusted PB Ratio for today is 2.89.

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

ROCO:3546' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.52   Med: 3.09   Max: 4.62
Current: 2.93

During the past years, Userjoy Technology Co's highest Cyclically Adjusted PB Ratio was 4.62. The lowest was 2.52. And the median was 3.09.

ROCO:3546's Cyclically Adjusted PB Ratio is ranked worse than
69.77% of 344 companies
in the Interactive Media industry
Industry Median: 1.505 vs ROCO:3546: 2.93

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.

Userjoy Technology Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$26.597. 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$25.47 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Userjoy Technology Co  (ROCO:3546) 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.


Userjoy Technology Co Cyclically Adjusted PB Ratio Related Terms


Userjoy Technology Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Userjoy Technology 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.

Userjoy Technology Co Cyclically Adjusted PB Ratio Chart

Userjoy Technology 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 3.74 2.86 2.88 2.78 2.98

Userjoy Technology 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 2.89 3.68 3.18 2.98 2.59

ROCO:3546 vs NTES, EA, TTWO: Cyclically Adjusted PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Userjoy Technology 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.


Userjoy Technology Co Cyclically Adjusted PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Userjoy Technology Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:3546
73GF Score
Userjoy Technology Co Ltd ROCO:3546
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Userjoy Technology 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=73.60/25.47
=2.89

* 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.

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

For example, Userjoy Technology 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)
=26.597/330.2130*330.2130
=26.597

Current CPI (Mar. 2026) = 330.2130.

Userjoy Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 16.040 241.018 21.976
201609 16.215 241.428 22.178
201612 16.440 241.432 22.485
201703 16.951 243.801 22.959
201706 16.142 244.955 21.760
201709 16.852 246.819 22.546
201712 17.892 246.524 23.966
201803 19.294 249.554 25.530
201806 18.399 251.989 24.111
201809 18.683 252.439 24.439
201812 19.060 251.233 25.052
201903 20.084 254.202 26.089
201906 17.839 256.143 22.998
201909 18.392 256.759 23.654
201912 19.417 256.974 24.951
202003 19.771 258.115 25.294
202006 19.377 257.797 24.820
202009 20.549 260.280 26.070
202012 21.736 260.474 27.556
202103 23.901 264.877 29.797
202106 24.893 271.696 30.254
202109 22.381 274.310 26.942
202112 23.739 278.802 28.116
202203 24.165 287.504 27.755
202206 22.027 296.311 24.547
202209 23.270 296.808 25.889
202212 24.663 296.797 27.440
202303 25.776 301.836 28.199
202306 22.705 305.109 24.573
202309 23.083 307.789 24.765
202312 25.025 306.746 26.939
202403 26.334 312.332 27.842
202406 24.134 314.175 25.366
202409 24.575 315.301 25.737
202412 26.543 315.605 27.772
202503 27.650 319.799 28.550
202506 23.901 322.561 24.468
202509 23.410 324.800 23.800
202512 24.758 324.054 25.229
202603 26.597 330.213 26.597

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 2.89 mean?
Userjoy Technology Co (ROCO:3546) has a Cyclically Adjusted PB Ratio of 2.89 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 Userjoy Technology Co and its competitors. This is near median its historical median of 3.09. Over the past decade, Userjoy Technology Co's Cyclically Adjusted PB Ratio has ranged from 2.52 to 4.62. According to the industry distribution chart, Userjoy Technology Co ranks #240 out of 344 companies in the Interactive Media industry, placing it in the top 69.8%.
Is Userjoy Technology Co's Cyclically Adjusted PB Ratio too high?
Userjoy Technology Co's current Cyclically Adjusted PB Ratio of 2.89 is near median its 10-year median of 3.09. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 4.62. The Interactive Media industry median Cyclically Adjusted PB Ratio is 1.51. Userjoy Technology Co's value of 2.89 is 92% above this industry median. Based on the distribution chart, Userjoy Technology Co ranks #240 out of 344 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Userjoy Technology Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Userjoy Technology Co's Cyclically Adjusted PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Userjoy Technology Co ranks #240 out of 344 companies for Cyclically Adjusted PB Ratio. This places Userjoy Technology Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.51. Userjoy Technology Co's value of 2.89 is 92% above this benchmark. Historically, Userjoy Technology Co's own Cyclically Adjusted PB Ratio has ranged from 2.52 to 4.62 over the past decade. While the company's 10-year median is 3.09 vs. the industry median of 1.51, Userjoy Technology 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 an Interactive Media company?
The median Cyclically Adjusted PB Ratio among Interactive Media companies is 1.51, based on 344 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. Userjoy Technology Co's current Cyclically Adjusted PB Ratio of 2.89 is 92% 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 Userjoy Technology Co and its competitors. For the Interactive Media industry, the median Cyclically Adjusted PB Ratio is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Userjoy Technology Co's current Cyclically Adjusted PB Ratio is 2.89, which is near median its own 10-year median of 3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Userjoy Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Userjoy Technology Co (ROCO:3546) is currently considered Fairly Valued. The stock's GF Value™ is NT$74.93, compared to a current price of NT$73.60 — trading 1.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.89, which is near median its 10-year median of 3.09 and 92% above the Interactive Media industry median of 1.51. Userjoy Technology Co's overall GF Score™ is 73/100 with 4 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 Userjoy Technology Co (ROCO:3546), the current Cyclically Adjusted PB Ratio is 2.89 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 Userjoy Technology Co (ROCO:3546) Overvalued in 2026?

Based on GuruFocus' analysis, Userjoy Technology Co stock appears to be undervalued. The current stock price of NT$73.60 is trading 1.8% below its estimated GF Value™ of NT$74.93. GuruFocus considers Userjoy Technology Co to be Fairly Valued.

Key valuation signals for ROCO:3546:

  • Cyclically Adjusted PB Ratio: 2.89 (near median its 10-year median of 3.09)
  • GF Value™: NT$74.93 vs. price of NT$73.60 (1.8% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 92% above the Interactive Media median (#240 of 344)

No single metric tells the full story. See the ROCO:3546 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Userjoy Technology Co Business Description

Address No. 2, Jianba Road, 17th Floor, Unit 8, Zhonghe District, Taipei, TWN, 235
Userjoy Technology Co Ltd engaged in the design, research and development and sale of game software. The company only has a single operating segment, which is mainly engaged in the design, research and development and sales of game software in Taiwan.
73GF Score

Get the complete analysis for ROCO:3546

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

NT$73.60
Price
NT$74.93
GF Value