Leo Systems (ROCO:5410) Cyclically Adjusted PB Ratio: 2.13 (As of Aug. 25, 2026) — 16% Above Median

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ROCO:5410 Leo Systems Inc ROCO:5410
73 GF Score
Price NT$36.70
GF Value NT$42.29
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Leo Systems Cyclically Adjusted PB Ratio?

Leo Systems ROCO:5410 +1.24% 73 Cyclically Adjusted PB Ratio is 2.13 as of Aug. 25, 2026, which is 16% above its 10-year median of 1.83. GuruFocus rates ROCO:5410 with a GF Score™ of 73/100 and a GF Value™ of NT$42.29 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,943 Hardware companies, Leo Systems ranks worse than 50.69% on this metric.

As of today (2026-08-25), Leo Systems's current share price is NT$36.70. Leo Systems's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$17.23. Leo Systems's Cyclically Adjusted PB Ratio for today is 2.13.

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

ROCO:5410' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.3   Med: 1.83   Max: 2.69
Current: 2.13

During the past years, Leo Systems's highest Cyclically Adjusted PB Ratio was 2.69. The lowest was 1.30. And the median was 1.83.

ROCO:5410's Cyclically Adjusted PB Ratio is ranked worse than
50.69% of 1943 companies
in the Hardware industry
Industry Median: 2.03 vs ROCO:5410: 2.13

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.

Leo Systems's adjusted book value per share data for the three months ended in Jun. 2026 was NT$17.374. 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$17.23 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Leo Systems  (ROCO:5410) 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.


Leo Systems Cyclically Adjusted PB Ratio Related Terms


Leo Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Leo 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.

Leo Systems Cyclically Adjusted PB Ratio Chart

Leo 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 1.79 2.15 2.18 1.93 1.84

Leo 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 1.69 2.01 1.84 1.75 2.57

ROCO:5410 vs DELL, ANET, SNDK: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, Leo 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.


Leo Systems Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


ROCO:5410
73GF Score
Leo Systems Inc ROCO:5410
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Leo 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.

Leo Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=36.70/17.23
=2.13

* 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.

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

For example, Leo 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)
=17.374/333.9520*333.9520
=17.374

Current CPI (Jun. 2026) = 333.9520.

Leo Systems Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.016 241.428 16.621
201612 12.378 241.432 17.121
201703 12.643 243.801 17.318
201706 11.983 244.955 16.337
201709 12.302 246.819 16.645
201712 12.745 246.524 17.265
201803 13.126 249.554 17.565
201806 12.216 251.989 16.189
201809 12.565 252.439 16.622
201812 12.974 251.233 17.246
201903 13.504 254.202 17.741
201906 12.611 256.143 16.442
201909 13.182 256.759 17.145
201912 13.488 256.974 17.528
202003 13.958 258.115 18.059
202006 13.001 257.797 16.842
202009 13.545 260.280 17.379
202012 13.974 260.474 17.916
202103 14.695 264.877 18.527
202106 15.040 271.696 18.486
202109 14.164 274.310 17.244
202112 15.021 278.802 17.992
202203 15.586 287.504 18.104
202206 14.009 296.311 15.789
202209 15.396 296.808 17.323
202212 16.272 296.797 18.309
202303 16.751 301.836 18.533
202306 14.767 305.109 16.163
202309 15.276 307.789 16.575
202312 16.138 306.746 17.569
202403 16.523 312.332 17.667
202406 15.146 314.175 16.099
202409 15.262 315.301 16.165
202412 15.880 315.605 16.803
202503 16.540 319.799 17.272
202506 15.702 322.561 16.257
202509 16.252 324.800 16.710
202512 16.913 324.054 17.430
202603 18.426 330.213 18.635
202606 17.374 333.952 17.374

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 2.13 mean?
Leo Systems (ROCO:5410) has a Cyclically Adjusted PB Ratio of 2.13 as of Aug. 25, 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 Leo Systems and its competitors. This is 16% above median its historical median of 1.83. Over the past decade, Leo Systems' Cyclically Adjusted PB Ratio has ranged from 1.30 to 2.69. According to the industry distribution chart, Leo Systems ranks #985 out of 1943 companies in the Hardware industry, placing it in the top 50.7%.
Is Leo Systems' Cyclically Adjusted PB Ratio too high?
Leo Systems' current Cyclically Adjusted PB Ratio of 2.13 is 16% above median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 2.69. The Hardware industry median Cyclically Adjusted PB Ratio is 2.03. Leo Systems' value of 2.13 is 4.9% above this industry median. Based on the distribution chart, Leo Systems ranks #985 out of 1943 companies in the Hardware industry, which is below the industry midpoint. Overall, Leo Systems has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Leo Systems' Cyclically Adjusted PB Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, Leo Systems ranks #985 out of 1943 companies for Cyclically Adjusted PB Ratio. This places Leo Systems in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.03. Leo Systems' value of 2.13 is 4.9% above this benchmark. Historically, Leo Systems' own Cyclically Adjusted PB Ratio has ranged from 1.30 to 2.69 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 2.03, Leo Systems 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 2.03, based on 1,943 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. Leo Systems's current Cyclically Adjusted PB Ratio of 2.13 is 4.9% 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 Leo Systems and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leo Systems's current Cyclically Adjusted PB Ratio is 2.13, which is 16% above median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leo Systems stock overvalued right now?
Based on GuruFocus' analysis, Leo Systems (ROCO:5410) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$42.29, compared to a current price of NT$36.70 — trading 13.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.13, which is 16% above median its 10-year median of 1.83 and 4.9% above the Hardware industry median of 2.03. Leo Systems' overall GF Score™ is 73/100 with 3 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 Leo Systems (ROCO:5410), the current Cyclically Adjusted PB Ratio is 2.13 as of Aug. 25, 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 Leo Systems (ROCO:5410) Overvalued in 2026?

Based on GuruFocus' analysis, Leo Systems stock appears to be undervalued. The current stock price of NT$36.70 is trading 13.2% below its estimated GF Value™ of NT$42.29. GuruFocus considers Leo Systems to be Modestly Undervalued.

Key valuation signals for ROCO:5410:

  • Cyclically Adjusted PB Ratio: 2.13 (16% above median its 10-year median of 1.83)
  • GF Value™: NT$42.29 vs. price of NT$36.70 (13.2% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 4.9% above the Hardware median (#985 of 1943)

No single metric tells the full story. See the ROCO:5410 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Leo Systems Business Description

Address 298 Yang Guang Street, 3rd Floor, Neihu District, Taipei, TWN, 11491
Leo Systems Inc is mainly engaged in the sales of information software and hardware products, software planning and design, computer hardware maintenance services, and system integration. The company's ,main business and products includes Sales of personal computer, Innovation of technology application and creation of operation service, Information integration service, Design and planning of construction, Investment business. The company has single reportable segment. The company's operation were mainly located in Taiwan.
73GF Score

Get the complete analysis for ROCO:5410

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

NT$36.70
Price
NT$42.29
GF Value