PharmaEngine (ROCO:4162) Cyclically Adjusted PB Ratio: 1.98 (As of Aug. 12, 2026) — 36% Below Median

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ROCO:4162 PharmaEngine Inc ROCO:4162
82 GF Score
Price NT$63.70
GF Value NT$108.28
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is PharmaEngine Cyclically Adjusted PB Ratio?

PharmaEngine ROCO:4162 -1.55% 82 Cyclically Adjusted PB Ratio is 1.98 as of Aug. 12, 2026, which is 36% below its 10-year median of 3.09. GuruFocus rates ROCO:4162 with a GF Score™ of 82/100 and a GF Value™ of NT$108.28 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 693 Biotechnology companies, PharmaEngine ranks worse than 56.13% on this metric.

As of today (2026-08-12), PharmaEngine's current share price is NT$63.70. PharmaEngine's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$32.13. PharmaEngine's Cyclically Adjusted PB Ratio for today is 1.98.

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

ROCO:4162' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.67   Med: 3.09   Max: 5.25
Current: 1.98

During the past years, PharmaEngine's highest Cyclically Adjusted PB Ratio was 5.25. The lowest was 1.67. And the median was 3.09.

ROCO:4162's Cyclically Adjusted PB Ratio is ranked worse than
56.13% of 693 companies
in the Biotechnology industry
Industry Median: 1.62 vs ROCO:4162: 1.98

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.

PharmaEngine's adjusted book value per share data for the three months ended in Mar. 2026 was NT$35.239. 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$32.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PharmaEngine  (ROCO:4162) 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.


PharmaEngine Cyclically Adjusted PB Ratio Related Terms


PharmaEngine Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for PharmaEngine'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.

PharmaEngine Cyclically Adjusted PB Ratio Chart

PharmaEngine 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 3.03 4.62 3.67 3.01 2.24

PharmaEngine 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 3.13 2.51 2.14 2.24 1.79

ROCO:4162 vs VRTX, REGN, RVMD: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, PharmaEngine'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.


PharmaEngine Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, PharmaEngine's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:4162
82GF Score
PharmaEngine Inc ROCO:4162
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PharmaEngine 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.

PharmaEngine's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=63.70/32.13
=1.98

* 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.

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

For example, PharmaEngine'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)
=35.239/330.2130*330.2130
=35.239

Current CPI (Mar. 2026) = 330.2130.

PharmaEngine Quarterly Data

Book Value per Share CPI Adj_Book
201606 21.514 241.018 29.476
201609 21.705 241.428 29.687
201612 25.966 241.432 35.514
201703 25.079 243.801 33.968
201706 22.805 244.955 30.742
201709 22.795 246.819 30.497
201712 26.583 246.524 35.607
201803 26.278 249.554 34.771
201806 24.781 251.989 32.474
201809 25.311 252.439 33.109
201812 25.188 251.233 33.106
201903 24.775 254.202 32.183
201906 23.984 256.143 30.920
201909 24.156 256.759 31.067
201912 24.076 256.974 30.938
202003 24.419 258.115 31.240
202006 23.818 257.797 30.509
202009 23.947 260.280 30.381
202012 27.550 260.474 34.926
202103 28.073 264.877 34.998
202106 28.864 271.696 35.081
202109 26.663 274.310 32.097
202112 27.429 278.802 32.487
202203 28.104 287.504 32.279
202206 25.966 296.311 28.937
202209 26.566 296.808 29.556
202212 26.948 296.797 29.982
202303 27.524 301.836 30.112
202306 26.055 305.109 28.199
202309 26.623 307.789 28.563
202312 26.886 306.746 28.943
202403 27.458 312.332 29.030
202406 27.067 314.175 28.449
202409 27.711 315.301 29.022
202412 37.583 315.605 39.323
202503 38.296 319.799 39.543
202506 32.422 322.561 33.191
202509 33.372 324.800 33.928
202512 34.284 324.054 34.936
202603 35.239 330.213 35.239

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 1.98 mean?
PharmaEngine (ROCO:4162) has a Cyclically Adjusted PB Ratio of 1.98 as of Aug. 12, 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 PharmaEngine and its competitors. This is 36% below median its historical median of 3.09. Over the past decade, PharmaEngine's Cyclically Adjusted PB Ratio has ranged from 1.67 to 5.25. According to the industry distribution chart, PharmaEngine ranks #389 out of 693 companies in the Biotechnology industry, placing it in the top 56.1%.
Is PharmaEngine's Cyclically Adjusted PB Ratio too high?
PharmaEngine's current Cyclically Adjusted PB Ratio of 1.98 is 36% below median its 10-year median of 3.09. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 5.25. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. PharmaEngine's value of 1.98 is 22.2% above this industry median. Based on the distribution chart, PharmaEngine ranks #389 out of 693 companies in the Biotechnology industry, which is below the industry midpoint. Overall, PharmaEngine has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PharmaEngine's Cyclically Adjusted PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, PharmaEngine ranks #389 out of 693 companies for Cyclically Adjusted PB Ratio. This places PharmaEngine in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. PharmaEngine's value of 1.98 is 22.2% above this benchmark. Historically, PharmaEngine's own Cyclically Adjusted PB Ratio has ranged from 1.67 to 5.25 over the past decade. While the company's 10-year median is 3.09 vs. the industry median of 1.62, PharmaEngine 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 Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.62, based on 693 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. PharmaEngine's current Cyclically Adjusted PB Ratio of 1.98 is 22.2% 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 PharmaEngine and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PharmaEngine's current Cyclically Adjusted PB Ratio is 1.98, which is 36% below 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 PharmaEngine stock overvalued right now?
Based on GuruFocus' analysis, PharmaEngine (ROCO:4162) is currently considered Possible Value Trap. The stock's GF Value™ is NT$108.28, compared to a current price of NT$63.70 — trading 41.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.98, which is 36% below median its 10-year median of 3.09 and 22.2% above the Biotechnology industry median of 1.62. PharmaEngine's overall GF Score™ is 82/100 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 PharmaEngine (ROCO:4162), the current Cyclically Adjusted PB Ratio is 1.98 as of Aug. 12, 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 PharmaEngine (ROCO:4162) Overvalued in 2026?

Based on GuruFocus' analysis, PharmaEngine stock appears to be undervalued. The current stock price of NT$63.70 is trading 41.2% below its estimated GF Value™ of NT$108.28. GuruFocus considers PharmaEngine to be Possible Value Trap.

Key valuation signals for ROCO:4162:

  • Cyclically Adjusted PB Ratio: 1.98 (36% below median its 10-year median of 3.09)
  • GF Value™: NT$108.28 vs. price of NT$63.70 (41.2% below fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 22.2% above the Biotechnology median (#389 of 693)

No single metric tells the full story. See the ROCO:4162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PharmaEngine Business Description

Address No. 10, Minsheng East Road, 11th Floor, Section 3, Taipei, TWN, 104
PharmaEngine Inc is a biopharmaceutical company engaged in the development of new drugs and therapeutic drugs for cancer. It is a specialty pharma company that adopts the no research, development-only model and the networked pharma model for new drug development. Its key products and pipeline projects include ONIVYDE, a treatment for metastatic pancreatic cancer approved in multiple markets, as well as oncology candidates such as PEP07 and PEP08. It generates revenue from the sales of goods.
82GF Score

Get the complete analysis for ROCO:4162

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

NT$63.70
Price
NT$108.28
GF Value