CTCI Advanced Systems (ROCO:5209) Cyclically Adjusted PB Ratio: (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:5209 CTCI Advanced Systems Inc ROCO:5209
86 GF Score
Price NT$162.00
GF Value NT$131.22
Valuation Modestly Overvalued
! 6 Warning Signs
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What is CTCI Advanced Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


CTCI Advanced Systems  (ROCO:5209) 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.


CTCI Advanced Systems Cyclically Adjusted PB Ratio Related Terms


CTCI Advanced Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CTCI Advanced Systems'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.

CTCI Advanced Systems Cyclically Adjusted PB Ratio Chart

CTCI Advanced Systems 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 2.85 3.10 6.49 6.43 5.96

CTCI Advanced Systems 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 3.98 5.64 5.96 5.73 0.00

ROCO:5209 vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, CTCI Advanced Systems'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.


CTCI Advanced Systems Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, CTCI Advanced Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:5209
86GF Score
CTCI Advanced Systems Inc ROCO:5209
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CTCI Advanced Systems 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.

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

For example, CTCI Advanced Systems'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)
=36.415/333.9520*333.9520
=36.415

Current CPI (Jun. 2026) = 333.9520.

CTCI Advanced Systems Quarterly Data

Book Value per Share CPI Adj_Book
201609 21.574 241.428 29.842
201612 22.087 241.432 30.551
201703 22.778 243.801 31.201
201706 21.258 244.955 28.981
201709 22.045 246.819 29.827
201712 22.771 246.524 30.847
201803 23.528 249.554 31.485
201806 21.612 251.989 28.642
201809 22.468 252.439 29.723
201812 22.962 251.233 30.522
201903 24.106 254.202 31.669
201906 22.536 256.143 29.382
201909 23.078 256.759 30.016
201912 39.673 256.974 51.557
202003 9.838 258.115 12.729
202006 8.769 257.797 11.359
202009 10.556 260.280 13.544
202012 18.589 260.474 23.833
202103 21.007 264.877 26.485
202106 18.666 271.696 22.943
202109 20.471 274.310 24.922
202112 25.330 278.802 30.341
202203 27.334 287.504 31.750
202206 18.884 296.311 21.283
202209 22.074 296.808 24.836
202212 25.139 296.797 28.286
202303 20.948 301.836 23.177
202306 24.405 305.109 26.712
202309 27.624 307.789 29.972
202312 32.062 306.746 34.906
202403 25.511 312.332 27.277
202406 29.150 314.175 30.985
202409 32.940 315.301 34.888
202412 35.124 315.605 37.166
202503 25.453 319.799 26.579
202506 30.135 322.561 31.199
202509 35.851 324.800 36.861
202512 39.832 324.054 41.049
202603 30.806 330.213 31.155
202606 36.415 333.952 36.415

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.

Is CTCI Advanced Systems (ROCO:5209) Overvalued in 2026?

Based on GuruFocus' analysis, CTCI Advanced Systems stock appears to be overvalued. The current stock price of NT$162.00 is trading 23.5% above its estimated GF Value™ of NT$131.22. GuruFocus considers CTCI Advanced Systems to be Modestly Overvalued.

Key valuation signals for ROCO:5209:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$131.22 vs. price of NT$162.00 (23.5% above fair value)
  • GF Score™: 86/100 with 6 warning signs

No single metric tells the full story. See the ROCO:5209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CTCI Advanced Systems Business Description

Address 16, Fushan Road, 11 Floor, Beitou District, Taipei, TWN, 112037
CTCI Advanced Systems Inc provides engineering research, planning, design, purchase, integration, manufacture, installation, adjustment, maintenance, and operation of different software and hardware within computers and control systems, import and sales of computers software, hardware, and instruments. It also provides information software, data processing, digital information development and application services, providing energy technology and internet identification services, providing automation control, traffic tracking, communication engineering, safety equipment, piping engineering, mechatronics service, and consulting of engineering and management.
86GF Score

Get the complete analysis for ROCO:5209

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

NT$162.00
Price
NT$131.22
GF Value