Speed Tech (ROCO:5457) Cyclically Adjusted PB Ratio: 1.27 (As of Aug. 22, 2026) — 63% 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:5457 Speed Tech Corp ROCO:5457
68 GF Score
Price NT$27.25
GF Value NT$60.87
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Speed Tech Cyclically Adjusted PB Ratio?

Speed Tech ROCO:5457 +0.18% 68 Cyclically Adjusted PB Ratio is 1.27 as of Aug. 22, 2026, which is 63% below its 10-year median of 3.42. GuruFocus rates ROCO:5457 with a GF Score™ of 68/100 and a GF Value™ of NT$60.87 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,951 Hardware companies, Speed Tech ranks better than 63.92% on this metric.

As of today (2026-08-22), Speed Tech's current share price is NT$27.25. Speed Tech's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$21.46. Speed Tech's Cyclically Adjusted PB Ratio for today is 1.27.

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

ROCO:5457' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.27   Med: 3.42   Max: 11.22
Current: 1.27

During the past years, Speed Tech's highest Cyclically Adjusted PB Ratio was 11.22. The lowest was 1.27. And the median was 3.42.

ROCO:5457's Cyclically Adjusted PB Ratio is ranked better than
63.92% of 1951 companies
in the Hardware industry
Industry Median: 2.07 vs ROCO:5457: 1.27

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.

Speed Tech's adjusted book value per share data for the three months ended in Mar. 2026 was NT$29.672. 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$21.46 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Speed Tech  (ROCO:5457) 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.


Speed Tech Cyclically Adjusted PB Ratio Related Terms


Speed Tech Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Speed Tech'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.

Speed Tech Cyclically Adjusted PB Ratio Chart

Speed Tech 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 6.14 3.10 3.35 3.01 1.94

Speed Tech Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.22 1.98 2.19 1.94 1.58

ROCO:5457 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Speed Tech'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.


Speed Tech Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


ROCO:5457
68GF Score
Speed Tech Corp ROCO:5457
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Speed Tech 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.

Speed Tech's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=27.25/21.46
=1.27

* 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.

Speed Tech's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Speed Tech's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=29.672/330.2130*330.2130
=29.672

Current CPI (Mar. 2026) = 330.2130.

Speed Tech Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.411 241.018 14.264
201609 10.283 241.428 14.065
201612 10.417 241.432 14.248
201703 10.107 243.801 13.689
201706 10.342 244.955 13.942
201709 10.552 246.819 14.117
201712 10.842 246.524 14.523
201803 10.661 249.554 14.107
201806 10.721 251.989 14.049
201809 11.279 252.439 14.754
201812 11.701 251.233 15.379
201903 11.947 254.202 15.519
201906 12.193 256.143 15.719
201909 13.203 256.759 16.980
201912 13.947 256.974 17.922
202003 14.769 258.115 18.894
202006 15.019 257.797 19.238
202009 16.710 260.280 21.200
202012 18.083 260.474 22.925
202103 19.296 264.877 24.056
202106 20.190 271.696 24.538
202109 19.976 274.310 24.047
202112 21.528 278.802 25.498
202203 23.118 287.504 26.552
202206 21.698 296.311 24.181
202209 24.063 296.808 26.771
202212 24.378 296.797 27.123
202303 24.078 301.836 26.342
202306 21.840 305.109 23.637
202309 23.985 307.789 25.732
202312 23.409 306.746 25.200
202403 25.065 312.332 26.500
202406 25.022 314.175 26.299
202409 27.016 315.301 28.294
202412 27.274 315.605 28.536
202503 29.032 319.799 29.977
202506 23.777 322.561 24.341
202509 25.760 324.800 26.189
202512 28.847 324.054 29.395
202603 29.672 330.213 29.672

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 1.27 mean?
Speed Tech (ROCO:5457) has a Cyclically Adjusted PB Ratio of 1.27 as of Aug. 22, 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 Speed Tech and its competitors. This is 63% below median its historical median of 3.42. Over the past decade, Speed Tech's Cyclically Adjusted PB Ratio has ranged from 1.27 to 11.22. According to the industry distribution chart, Speed Tech ranks #704 out of 1951 companies in the Hardware industry, placing it in the top 36.1%.
Is Speed Tech's Cyclically Adjusted PB Ratio too high?
Speed Tech's current Cyclically Adjusted PB Ratio of 1.27 is 63% below median its 10-year median of 3.42. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 11.22. The Hardware industry median Cyclically Adjusted PB Ratio is 2.07. Speed Tech's value of 1.27 is 38.6% below this industry median. Based on the distribution chart, Speed Tech ranks #704 out of 1951 companies in the Hardware industry, which is above the industry midpoint. Overall, Speed Tech has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Speed Tech's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Speed Tech ranks #704 out of 1951 companies for Cyclically Adjusted PB Ratio. This puts Speed Tech in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Speed Tech's value of 1.27 is 38.6% below this benchmark. Historically, Speed Tech's own Cyclically Adjusted PB Ratio has ranged from 1.27 to 11.22 over the past decade. While the company's 10-year median is 3.42 vs. the industry median of 2.07, Speed Tech 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 2.07, based on 1,951 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. Speed Tech's current Cyclically Adjusted PB Ratio of 1.27 is 38.6% 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 Speed Tech 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. Speed Tech's current Cyclically Adjusted PB Ratio is 1.27, which is 63% below median its own 10-year median of 3.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speed Tech stock overvalued right now?
Based on GuruFocus' analysis, Speed Tech (ROCO:5457) is currently considered Possible Value Trap. The stock's GF Value™ is NT$60.87, compared to a current price of NT$27.25 — trading 55.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.27, which is 63% below median its 10-year median of 3.42 and 38.6% below the Hardware industry median of 2.07. Speed Tech's overall GF Score™ is 68/100 with 7 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 Speed Tech (ROCO:5457), the current Cyclically Adjusted PB Ratio is 1.27 as of Aug. 22, 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 Speed Tech (ROCO:5457) Overvalued in 2026?

Based on GuruFocus' analysis, Speed Tech stock appears to be undervalued. The current stock price of NT$27.25 is trading 55.2% below its estimated GF Value™ of NT$60.87. GuruFocus considers Speed Tech to be Possible Value Trap.

Key valuation signals for ROCO:5457:

  • Cyclically Adjusted PB Ratio: 1.27 (63% below median its 10-year median of 3.42)
  • GF Value™: NT$60.87 vs. price of NT$27.25 (55.2% below fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 38.6% below the Hardware median (#704 of 1951)

No single metric tells the full story. See the ROCO:5457 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Speed Tech Business Description

Address Ming-Sheng North Road, No.568, Section 1, Nankan Village, Guishan District, Taoyuan City, TWN, 338
Speed Tech Corp mainly engage in the design, manufacture, and sale of various electronic connectors, related control buttons, key components, mechanical design, processing, manufacturing, and sale of various precision molds, jigs, plastic molding products, and other computer, electronic, and communication products. The Group's reporting segments Electronic Connectors segment mainly engages in the design, manufacture, and sale of computer, electronic, and communication connectors, as well as buttons; the Mold and Plastic Injection segment mainly engages in the design, manufacture, and sale of various precision molds, dies, and plastic molding products. The majority of revenue comes from Connector Department. It has presence in China and Hong Kong, Taiwan, South Asia, and Others.
68GF Score

Get the complete analysis for ROCO:5457

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

NT$27.25
Price
NT$60.87
GF Value