United Radiant Technology (ROCO:5315) Cyclically Adjusted PB Ratio: 1.16 (As of Aug. 20, 2026) — 15% 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:5315 United Radiant Technology Corp ROCO:5315
77 GF Score
Price NT$19.05
GF Value NT$23.33
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is United Radiant Technology Cyclically Adjusted PB Ratio?

United Radiant Technology ROCO:5315 +0.53% 77 Cyclically Adjusted PB Ratio is 1.16 as of Aug. 20, 2026, which is 15% below its 10-year median of 1.36. GuruFocus rates ROCO:5315 with a GF Score™ of 77/100 and a GF Value™ of NT$23.33 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,953 Hardware companies, United Radiant Technology ranks better than 67.13% on this metric.

As of today (2026-08-20), United Radiant Technology's current share price is NT$19.05. United Radiant Technology's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$16.47. United Radiant Technology's Cyclically Adjusted PB Ratio for today is 1.16.

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

ROCO:5315' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.04   Med: 1.36   Max: 1.76
Current: 1.16

During the past years, United Radiant Technology's highest Cyclically Adjusted PB Ratio was 1.76. The lowest was 1.04. And the median was 1.36.

ROCO:5315's Cyclically Adjusted PB Ratio is ranked better than
67.13% of 1953 companies
in the Hardware industry
Industry Median: 2.09 vs ROCO:5315: 1.16

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.

United Radiant Technology's adjusted book value per share data for the three months ended in Jun. 2026 was NT$16.269. 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$16.47 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Radiant Technology  (ROCO:5315) 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.


United Radiant Technology Cyclically Adjusted PB Ratio Related Terms


United Radiant Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for United Radiant Technology'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.

United Radiant Technology Cyclically Adjusted PB Ratio Chart

United Radiant Technology 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 1.54 1.35 1.28 1.31 1.51

United Radiant Technology 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 1.43 1.38 1.51 1.37 1.40

ROCO:5315 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, United Radiant Technology'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.


United Radiant Technology Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, United Radiant Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:5315
77GF Score
United Radiant Technology Corp ROCO:5315
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Radiant Technology 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.

United Radiant Technology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.05/16.47
=1.16

* 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.

United Radiant Technology's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, United Radiant Technology'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)
=16.269/333.9520*333.9520
=16.269

Current CPI (Jun. 2026) = 333.9520.

United Radiant Technology Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.126 241.428 18.156
201612 14.042 241.432 19.423
201703 14.001 243.801 19.178
201706 11.919 244.955 16.249
201709 12.003 246.819 16.240
201712 12.044 246.524 16.315
201803 12.439 249.554 16.646
201806 12.273 251.989 16.265
201809 12.742 252.439 16.856
201812 12.940 251.233 17.201
201903 13.242 254.202 17.396
201906 12.262 256.143 15.987
201909 12.508 256.759 16.268
201912 12.479 256.974 16.217
202003 11.821 258.115 15.294
202006 12.335 257.797 15.979
202009 12.584 260.280 16.146
202012 12.890 260.474 16.526
202103 12.631 264.877 15.925
202106 13.518 271.696 16.615
202109 14.396 274.310 17.526
202112 14.858 278.802 17.797
202203 14.702 287.504 17.077
202206 13.866 296.311 15.627
202209 14.219 296.808 15.998
202212 15.009 296.797 16.888
202303 13.675 301.836 15.130
202306 14.417 305.109 15.780
202309 14.489 307.789 15.721
202312 14.633 306.746 15.931
202403 14.059 312.332 15.032
202406 14.912 314.175 15.851
202409 15.591 315.301 16.513
202412 16.114 315.605 17.051
202503 14.925 319.799 15.586
202506 15.154 322.561 15.689
202509 15.776 324.800 16.221
202512 16.592 324.054 17.099
202603 15.136 330.213 15.307
202606 16.269 333.952 16.269

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 1.16 mean?
United Radiant Technology (ROCO:5315) has a Cyclically Adjusted PB Ratio of 1.16 as of Aug. 20, 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 United Radiant Technology and its competitors. This is 15% below median its historical median of 1.36. Over the past decade, United Radiant Technology's Cyclically Adjusted PB Ratio has ranged from 1.04 to 1.76. According to the industry distribution chart, United Radiant Technology ranks #642 out of 1953 companies in the Hardware industry, placing it in the top 32.9%.
Is United Radiant Technology's Cyclically Adjusted PB Ratio too high?
United Radiant Technology's current Cyclically Adjusted PB Ratio of 1.16 is 15% below median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 1.76. The Hardware industry median Cyclically Adjusted PB Ratio is 2.09. United Radiant Technology's value of 1.16 is 44.5% below this industry median. Based on the distribution chart, United Radiant Technology ranks #642 out of 1953 companies in the Hardware industry, which is above the industry midpoint. Overall, United Radiant Technology has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Radiant Technology's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, United Radiant Technology ranks #642 out of 1953 companies for Cyclically Adjusted PB Ratio. This puts United Radiant Technology in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.09. United Radiant Technology's value of 1.16 is 44.5% below this benchmark. Historically, United Radiant Technology's own Cyclically Adjusted PB Ratio has ranged from 1.04 to 1.76 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 2.09, United Radiant Technology 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.09, based on 1,953 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. United Radiant Technology's current Cyclically Adjusted PB Ratio of 1.16 is 44.5% 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 United Radiant Technology and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Radiant Technology's current Cyclically Adjusted PB Ratio is 1.16, which is 15% below median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Radiant Technology stock overvalued right now?
Based on GuruFocus' analysis, United Radiant Technology (ROCO:5315) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$23.33, compared to a current price of NT$19.05 — trading 18.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.16, which is 15% below median its 10-year median of 1.36 and 44.5% below the Hardware industry median of 2.09. United Radiant Technology's overall GF Score™ is 77/100 with 2 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 United Radiant Technology (ROCO:5315), the current Cyclically Adjusted PB Ratio is 1.16 as of Aug. 20, 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 United Radiant Technology (ROCO:5315) Overvalued in 2026?

Based on GuruFocus' analysis, United Radiant Technology stock appears to be undervalued. The current stock price of NT$19.05 is trading 18.3% below its estimated GF Value™ of NT$23.33. GuruFocus considers United Radiant Technology to be Modestly Undervalued.

Key valuation signals for ROCO:5315:

  • Cyclically Adjusted PB Ratio: 1.16 (15% below median its 10-year median of 1.36)
  • GF Value™: NT$23.33 vs. price of NT$19.05 (18.3% below fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 44.5% below the Hardware median (#642 of 1953)

No single metric tells the full story. See the ROCO:5315 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Radiant Technology Business Description

Address No.12, Chien-Kuo Road, Fu-Shing Road, T.T.I.P, Tanzi, Tantzu District, Taichung, TWN, 42760
United Radiant Technology Corp is a Taiwan-based company engaged in manufacturing, processing, and selling all kinds of liquid crystal displays (LCDs) and their modules. The company is also involved in the contracting business of LED street lighting projects. The Revenue of the company is generated from sales of goods is generated from sales of LCD modules and LCD products.
77GF Score

Get the complete analysis for ROCO:5315

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

NT$19.05
Price
NT$23.33
GF Value