United Recommend International Co (ROCO:5321) Cyclically Adjusted PB Ratio: 6.85 (As of Aug. 31, 2026) — 37% Above Median

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ROCO:5321 United Recommend International Co Ltd ROCO:5321
53 GF Score
Price NT$86.70
GF Value NT$45.83
Valuation Significantly Overvalued
! 11 Warning Signs
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What is United Recommend International Co Cyclically Adjusted PB Ratio?

United Recommend International Co ROCO:5321 53 Cyclically Adjusted PB Ratio is 6.85 as of Aug. 31, 2026, which is 37% above its 10-year median of 5.00. GuruFocus rates ROCO:5321 with a GF Score™ of 53/100 and a GF Value™ of NT$45.83 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,932 Hardware companies, United Recommend International Co ranks worse than 85.14% on this metric.

As of today (2026-08-31), United Recommend International Co's current share price is NT$86.70. United Recommend International Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$12.65. United Recommend International Co's Cyclically Adjusted PB Ratio for today is 6.85.

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

ROCO:5321' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.09   Med: 5   Max: 11.42
Current: 6.72

During the past years, United Recommend International Co's highest Cyclically Adjusted PB Ratio was 11.42. The lowest was 1.09. And the median was 5.00.

ROCO:5321's Cyclically Adjusted PB Ratio is ranked worse than
85.14% of 1932 companies
in the Hardware industry
Industry Median: 2.07 vs ROCO:5321: 6.72

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 Recommend International Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$14.985. 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$12.65 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Recommend International Co  (ROCO:5321) 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 Recommend International Co Cyclically Adjusted PB Ratio Related Terms


United Recommend International Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for United Recommend International 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.

United Recommend International Co Cyclically Adjusted PB Ratio Chart

United Recommend International 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 7.94 4.94 7.95 5.37 2.98

United Recommend International Co 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 3.44 3.49 2.98 1.94 4.97

ROCO:5321 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, United Recommend International 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.


United Recommend International Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

* The bar in red indicates where United Recommend International Co's Cyclically Adjusted PB Ratio falls into.


ROCO:5321
53GF Score
United Recommend International Co Ltd ROCO:5321
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Recommend International 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.

United Recommend International Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=86.70/12.65
=6.85

* 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 Recommend International Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, United Recommend International Co'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)
=14.985/333.9520*333.9520
=14.985

Current CPI (Jun. 2026) = 333.9520.

United Recommend International Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.860 241.428 10.872
201612 8.374 241.432 11.583
201703 8.030 243.801 10.999
201706 7.976 244.955 10.874
201709 8.107 246.819 10.969
201712 6.861 246.524 9.294
201803 6.775 249.554 9.066
201806 7.362 251.989 9.757
201809 8.195 252.439 10.841
201812 8.032 251.233 10.677
201903 8.103 254.202 10.645
201906 8.642 256.143 11.267
201909 9.692 256.759 12.606
201912 9.669 256.974 12.565
202003 10.221 258.115 13.224
202006 9.973 257.797 12.919
202009 8.092 260.280 10.382
202012 7.773 260.474 9.966
202103 8.136 264.877 10.258
202106 8.487 271.696 10.432
202109 9.219 274.310 11.223
202112 9.787 278.802 11.723
202203 10.603 287.504 12.316
202206 11.192 296.311 12.614
202209 13.942 296.808 15.687
202212 13.037 296.797 14.669
202303 13.861 301.836 15.336
202306 14.347 305.109 15.703
202309 14.636 307.789 15.880
202312 14.154 306.746 15.409
202403 13.862 312.332 14.822
202406 13.562 314.175 14.416
202409 13.785 315.301 14.600
202412 14.529 315.605 15.374
202503 14.611 319.799 15.258
202506 14.609 322.561 15.125
202509 14.612 324.800 15.024
202512 14.254 324.054 14.689
202603 11.886 330.213 12.021
202606 14.985 333.952 14.985

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 6.85 mean?
United Recommend International Co (ROCO:5321) has a Cyclically Adjusted PB Ratio of 6.85 as of Aug. 31, 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 Recommend International Co and its competitors. This is 37% above median its historical median of 5.00. Over the past decade, United Recommend International Co's Cyclically Adjusted PB Ratio has ranged from 1.09 to 11.42. According to the industry distribution chart, United Recommend International Co ranks #1645 out of 1932 companies in the Hardware industry, placing it in the top 85.1%.
Is United Recommend International Co's Cyclically Adjusted PB Ratio too high?
United Recommend International Co's current Cyclically Adjusted PB Ratio of 6.85 is 37% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 11.42. The Hardware industry median Cyclically Adjusted PB Ratio is 2.07. United Recommend International Co's value of 6.85 is 230.9% above this industry median. Based on the distribution chart, United Recommend International Co ranks #1645 out of 1932 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, United Recommend International Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Recommend International Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, United Recommend International Co ranks #1645 out of 1932 companies for Cyclically Adjusted PB Ratio. This places United Recommend International Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. United Recommend International Co's value of 6.85 is 230.9% above this benchmark. Historically, United Recommend International Co's own Cyclically Adjusted PB Ratio has ranged from 1.09 to 11.42 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 2.07, United Recommend International 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 a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.07, based on 1,932 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 Recommend International Co's current Cyclically Adjusted PB Ratio of 6.85 is 230.9% 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 United Recommend International Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Recommend International Co's current Cyclically Adjusted PB Ratio is 6.85, which is 37% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Recommend International Co stock overvalued right now?
Based on GuruFocus' analysis, United Recommend International Co (ROCO:5321) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$45.83, compared to a current price of NT$86.70 — trading 89.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.85, which is 37% above median its 10-year median of 5.00 and 230.9% above the Hardware industry median of 2.07. United Recommend International Co's overall GF Score™ is 53/100 with 11 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 Recommend International Co (ROCO:5321), the current Cyclically Adjusted PB Ratio is 6.85 as of Aug. 31, 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 Recommend International Co (ROCO:5321) Overvalued in 2026?

Based on GuruFocus' analysis, United Recommend International Co stock appears to be overvalued. The current stock price of NT$86.70 is trading 89.2% above its estimated GF Value™ of NT$45.83. GuruFocus considers United Recommend International Co to be Significantly Overvalued.

Key valuation signals for ROCO:5321:

  • Cyclically Adjusted PB Ratio: 6.85 (37% above median its 10-year median of 5.00)
  • GF Value™: NT$45.83 vs. price of NT$86.70 (89.2% above fair value)
  • GF Score™: 53/100 with 11 warning signs
  • Industry Position: 230.9% above the Hardware median (#1645 of 1932)

No single metric tells the full story. See the ROCO:5321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Recommend International Co Business Description

Address No. 8, Lane 47, Nangang Road, Section 3, First Floor, Nangang, Taipei, TWN
United Recommend International Co Ltd is a Taiwan-based company that engages in the manufacture and trade of printed circuit boards (PCB). It specializes in multilayer, flexible, and double-sided boards. Its products cover flexible PCB and rigid PCB, including wireless Wi-Fi boards, projector boards, light boards, and solar panels.
53GF Score

Get the complete analysis for ROCO:5321

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

NT$86.70
Price
NT$45.83
GF Value