Unicon Optical Co (ROCO:4150) Cyclically Adjusted PB Ratio: 0.41 (As of Aug. 13, 2026) — 56% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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:4150 Unicon Optical Co Ltd ROCO:4150
40 GF Score
Price NT$3.85
GF Value NT$8.14
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Unicon Optical Co Cyclically Adjusted PB Ratio?

Unicon Optical Co ROCO:4150 +2.67% 40 Cyclically Adjusted PB Ratio is 0.41 as of Aug. 13, 2026, which is 56% below its 10-year median of 0.94. GuruFocus rates ROCO:4150 with a GF Score™ of 40/100 and a GF Value™ of NT$8.14 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 520 Medical Devices & Instruments companies, Unicon Optical Co ranks better than 84.62% on this metric.

As of today (2026-08-13), Unicon Optical Co's current share price is NT$3.85. Unicon Optical Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was NT$9.30. Unicon Optical Co's Cyclically Adjusted PB Ratio for today is 0.41.

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

ROCO:4150' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.42   Med: 0.94   Max: 4.67
Current: 0.42

During the past 13 years, Unicon Optical Co's highest Cyclically Adjusted PB Ratio was 4.67. The lowest was 0.42. And the median was 0.94.

ROCO:4150's Cyclically Adjusted PB Ratio is ranked better than
84.62% of 520 companies
in the Medical Devices & Instruments industry
Industry Median: 1.85 vs ROCO:4150: 0.42

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.

Unicon Optical Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was NT$3.310. 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$9.30 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Unicon Optical Co  (ROCO:4150) 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.


Unicon Optical Co Cyclically Adjusted PB Ratio Related Terms


Unicon Optical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Unicon Optical 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.

Unicon Optical Co Cyclically Adjusted PB Ratio Chart

Unicon Optical 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 0.63 0.82 1.33 0.85

Unicon Optical Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.82 0.00 1.33 0.00 0.85

ROCO:4150 vs ISRG, BDX, MDLN: Cyclically Adjusted PB Ratio Comparison

For the Medical Instruments & Supplies subindustry, Unicon Optical 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.


Unicon Optical Co Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Unicon Optical Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:4150
40GF Score
Unicon Optical Co Ltd ROCO:4150
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Unicon Optical 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.85/9.30
=0.41

* 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.

Unicon Optical Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Unicon Optical Co's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=3.31/324.0540*324.0540
=3.310

Current CPI (Dec25) = 324.0540.

Unicon Optical Co Annual Data

Book Value per Share CPI Adj_Book
201612 12.023 241.432 16.137
201712 10.225 246.524 13.441
201812 11.720 251.233 15.117
201912 9.997 256.974 12.607
202012 6.301 260.474 7.839
202112 6.386 278.802 7.423
202212 4.677 296.797 5.107
202312 6.347 306.746 6.705
202412 5.213 315.605 5.353
202512 3.310 324.054 3.310

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 0.41 mean?
Unicon Optical Co (ROCO:4150) has a Cyclically Adjusted PB Ratio of 0.41 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 Unicon Optical Co and its competitors. This is 56% below median its historical median of 0.94. Over the past decade, Unicon Optical Co's Cyclically Adjusted PB Ratio has ranged from 0.42 to 4.67. According to the industry distribution chart, Unicon Optical Co ranks #80 out of 520 companies in the Medical Devices & Instruments industry, placing it in the top 15.4%.
Is Unicon Optical Co's Cyclically Adjusted PB Ratio too high?
Unicon Optical Co's current Cyclically Adjusted PB Ratio of 0.41 is 56% below median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 4.67. The Medical Devices & Instruments industry median Cyclically Adjusted PB Ratio is 1.85. Unicon Optical Co's value of 0.41 is 77.8% below this industry median. Based on the distribution chart, Unicon Optical Co ranks #80 out of 520 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Unicon Optical Co has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Unicon Optical Co's Cyclically Adjusted PB Ratio compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Unicon Optical Co ranks #80 out of 520 companies for Cyclically Adjusted PB Ratio. This places Unicon Optical Co in the top 15% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.85. Unicon Optical Co's value of 0.41 is 77.8% below this benchmark. Historically, Unicon Optical Co's own Cyclically Adjusted PB Ratio has ranged from 0.42 to 4.67 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 1.85, Unicon Optical 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 Medical Devices & Instruments company?
The median Cyclically Adjusted PB Ratio among Medical Devices & Instruments companies is 1.85, based on 520 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. Unicon Optical Co's current Cyclically Adjusted PB Ratio of 0.41 is 77.8% 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 Unicon Optical Co and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unicon Optical Co's current Cyclically Adjusted PB Ratio is 0.41, which is 56% below median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unicon Optical Co stock overvalued right now?
Based on GuruFocus' analysis, Unicon Optical Co (ROCO:4150) is currently considered Possible Value Trap. The stock's GF Value™ is NT$8.14, compared to a current price of NT$3.85 — trading 52.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.41, which is 56% below median its 10-year median of 0.94 and 77.8% below the Medical Devices & Instruments industry median of 1.85. Unicon Optical Co's overall GF Score™ is 40/100 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 Unicon Optical Co (ROCO:4150), the current Cyclically Adjusted PB Ratio is 0.41 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 Unicon Optical Co (ROCO:4150) Overvalued in 2026?

Based on GuruFocus' analysis, Unicon Optical Co stock appears to be undervalued. The current stock price of NT$3.85 is trading 52.7% below its estimated GF Value™ of NT$8.14. GuruFocus considers Unicon Optical Co to be Possible Value Trap.

Key valuation signals for ROCO:4150:

  • Cyclically Adjusted PB Ratio: 0.41 (56% below median its 10-year median of 0.94)
  • GF Value™: NT$8.14 vs. price of NT$3.85 (52.7% below fair value)
  • GF Score™: 40/100 with 6 warning signs
  • Industry Position: 77.8% below the Medical Devices & Instruments median (#80 of 520)

No single metric tells the full story. See the ROCO:4150 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Unicon Optical Co Business Description

Address No. 16, Dongjiu Road, Science-Based Industrial Park, Hsinchu Hsien, TWN, 30075
Unicon Optical Co Ltd is engaged in the manufacture and sale of a contact lens in Taiwan and internationally. It offers disposable contact lens, spherical contact lens, color, and dual color lenses.
40GF Score

Get the complete analysis for ROCO:4150

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

NT$3.85
Price
NT$8.14
GF Value