Baotek Industrial Materials (ROCO:5340) Cyclically Adjusted PB Ratio: 7.92 (As of Sep. 14, 2026) — 65% Above Median

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ROCO:5340 Baotek Industrial Materials Ltd ROCO:5340
86 GF Score
Price NT$85.90
GF Value NT$83.17
Valuation Fairly Valued
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What is Baotek Industrial Materials Cyclically Adjusted PB Ratio?

Baotek Industrial Materials ROCO:5340 +0.23% 86 Cyclically Adjusted PB Ratio is 7.92 as of Sep. 14, 2026, which is 65% above its 10-year median of 4.80. GuruFocus rates ROCO:5340 with a GF Score™ of 86/100 and a GF Value™ of NT$83.17 (Fairly Valued). Among 635 Manufacturing - Apparel & Accessories companies, Baotek Industrial Materials ranks worse than 96.85% on this metric.

As of today (2026-09-14), Baotek Industrial Materials's current share price is NT$85.90. Baotek Industrial Materials's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$10.84. Baotek Industrial Materials's Cyclically Adjusted PB Ratio for today is 7.92.

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

ROCO:5340' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.47   Med: 4.8   Max: 12.61
Current: 7.92

During the past years, Baotek Industrial Materials's highest Cyclically Adjusted PB Ratio was 12.61. The lowest was 2.47. And the median was 4.80.

ROCO:5340's Cyclically Adjusted PB Ratio is ranked worse than
96.85% of 635 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.93 vs ROCO:5340: 7.92

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.

Baotek Industrial Materials's adjusted book value per share data for the three months ended in Jun. 2026 was NT$12.174. 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$10.84 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Baotek Industrial Materials  (ROCO:5340) 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.


Baotek Industrial Materials Cyclically Adjusted PB Ratio Related Terms


Baotek Industrial Materials Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Baotek Industrial Materials'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.

Baotek Industrial Materials Cyclically Adjusted PB Ratio Chart

Baotek Industrial Materials 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 4.22 2.73 6.22 3.99 6.74

Baotek Industrial Materials 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 4.35 4.36 6.74 9.11 8.83

Baotek Industrial Materials Cyclically Adjusted PB Ratio Competitor Comparison

For the Textile Manufacturing subindustry, Baotek Industrial Materials'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.


Baotek Industrial Materials Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Baotek Industrial Materials's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:5340
86GF Score
Baotek Industrial Materials Ltd ROCO:5340
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Baotek Industrial Materials 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.

Baotek Industrial Materials's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=85.90/10.84
=7.92

* 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.

Baotek Industrial Materials's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Baotek Industrial Materials'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)
=12.174/333.9520*333.9520
=12.174

Current CPI (Jun. 2026) = 333.9520.

Baotek Industrial Materials Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.393 241.428 8.843
201612 6.464 241.432 8.941
201703 6.624 243.801 9.073
201706 6.829 244.955 9.310
201709 6.998 246.819 9.468
201712 7.157 246.524 9.695
201803 7.342 249.554 9.825
201806 7.591 251.989 10.060
201809 7.832 252.439 10.361
201812 7.960 251.233 10.581
201903 8.162 254.202 10.723
201906 8.309 256.143 10.833
201909 8.449 256.759 10.989
201912 8.579 256.974 11.149
202003 8.691 258.115 11.245
202006 8.868 257.797 11.488
202009 9.012 260.280 11.563
202012 9.087 260.474 11.650
202103 9.239 264.877 11.648
202106 9.254 271.696 11.374
202109 9.334 274.310 11.363
202112 9.401 278.802 11.261
202203 9.522 287.504 11.060
202206 9.706 296.311 10.939
202209 9.818 296.808 11.047
202212 9.844 296.797 11.076
202303 9.856 301.836 10.905
202306 9.846 305.109 10.777
202309 9.908 307.789 10.750
202312 9.980 306.746 10.865
202403 10.144 312.332 10.846
202406 10.337 314.175 10.988
202409 10.465 315.301 11.084
202412 10.774 315.605 11.400
202503 10.842 319.799 11.322
202506 10.949 322.561 11.336
202509 11.355 324.800 11.675
202512 11.771 324.054 12.131
202603 11.629 330.213 11.761
202606 12.174 333.952 12.174

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 7.92 mean?
Baotek Industrial Materials (ROCO:5340) has a Cyclically Adjusted PB Ratio of 7.92 as of Sep. 14, 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 Baotek Industrial Materials and its competitors. This is 65% above median its historical median of 4.80. Over the past decade, Baotek Industrial Materials' Cyclically Adjusted PB Ratio has ranged from 2.47 to 12.61. According to the industry distribution chart, Baotek Industrial Materials ranks #615 out of 635 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 96.9%.
Is Baotek Industrial Materials' Cyclically Adjusted PB Ratio too high?
Baotek Industrial Materials' current Cyclically Adjusted PB Ratio of 7.92 is 65% above median its 10-year median of 4.80. Over the past 10 years, this metric has ranged from a low of 2.47 to a high of 12.61. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.93. Baotek Industrial Materials' value of 7.92 is 751.6% above this industry median. Based on the distribution chart, Baotek Industrial Materials ranks #615 out of 635 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Baotek Industrial Materials has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Baotek Industrial Materials' Cyclically Adjusted PB Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Baotek Industrial Materials ranks #615 out of 635 companies for Cyclically Adjusted PB Ratio. This places Baotek Industrial Materials in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.93. Baotek Industrial Materials' value of 7.92 is 751.6% above this benchmark. Historically, Baotek Industrial Materials' own Cyclically Adjusted PB Ratio has ranged from 2.47 to 12.61 over the past decade. While the company's 10-year median is 4.80 vs. the industry median of 0.93, Baotek Industrial Materials 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.93, based on 635 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. Baotek Industrial Materials's current Cyclically Adjusted PB Ratio of 7.92 is 751.6% 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 Baotek Industrial Materials and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baotek Industrial Materials's current Cyclically Adjusted PB Ratio is 7.92, which is 65% above median its own 10-year median of 4.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baotek Industrial Materials stock overvalued right now?
Based on GuruFocus' analysis, Baotek Industrial Materials (ROCO:5340) is currently considered Fairly Valued. The stock's GF Value™ is NT$83.17, compared to a current price of NT$85.90 — trading 3.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.92, which is 65% above median its 10-year median of 4.80 and 751.6% above the Manufacturing - Apparel & Accessories industry median of 0.93. Baotek Industrial Materials' overall GF Score™ is 86/100. 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 Baotek Industrial Materials (ROCO:5340), the current Cyclically Adjusted PB Ratio is 7.92 as of Sep. 14, 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 Baotek Industrial Materials (ROCO:5340) Overvalued in 2026?

Based on GuruFocus' analysis, Baotek Industrial Materials stock appears to be overvalued. The current stock price of NT$85.90 is trading 3.3% above its estimated GF Value™ of NT$83.17. GuruFocus considers Baotek Industrial Materials to be Fairly Valued.

Key valuation signals for ROCO:5340:

  • Cyclically Adjusted PB Ratio: 7.92 (65% above median its 10-year median of 4.80)
  • GF Value™: NT$83.17 vs. price of NT$85.90 (3.3% above fair value)
  • GF Score™: 86/100
  • Industry Position: 751.6% above the Manufacturing - Apparel & Accessories median (#615 of 635)

No single metric tells the full story. See the ROCO:5340 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Baotek Industrial Materials Business Description

Address No. 277, Minfeng Road, Yang Mei District, Taoyuan, TWN, 326
Baotek Industrial Materials Ltd is a Taiwan-based company engaged in manufacturing high-end fiberglass fabrics for copper-clad laminates of various electronic applications. It offers products for industrial purposes, such as aerospace fiberglass, filter bags, fiberglass sun shade, PTFE, and electronic products. Its Electronic Grade Fiberglass products encompass copper-clad laminates for electronic applications. The company generates the majority of its revenue from Taiwan and also has a presence in Japan, China, America, and Other countries.
86GF Score

Get the complete analysis for ROCO:5340

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

NT$85.90
Price
NT$83.17
GF Value