Cipherlab Co (ROCO:6160) Cyclically Adjusted PB Ratio: 1.09 (As of Aug. 29, 2026) — 16% Below Median

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ROCO:6160 Cipherlab Co Ltd ROCO:6160
53 GF Score
Price NT$15.00
GF Value NT$17.51
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Cipherlab Co Cyclically Adjusted PB Ratio?

Cipherlab Co ROCO:6160 -0.66% 53 Cyclically Adjusted PB Ratio is 1.09 as of Aug. 29, 2026, which is 16% below its 10-year median of 1.29. GuruFocus rates ROCO:6160 with a GF Score™ of 53/100 and a GF Value™ of NT$17.51 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,102 Industrial Products companies, Cipherlab Co ranks better than 71.84% on this metric.

As of today (2026-08-29), Cipherlab Co's current share price is NT$15.00. Cipherlab Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$13.82. Cipherlab Co's Cyclically Adjusted PB Ratio for today is 1.09.

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

ROCO:6160' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.29   Max: 2.65
Current: 1.11

During the past years, Cipherlab Co's highest Cyclically Adjusted PB Ratio was 2.65. The lowest was 0.75. And the median was 1.29.

ROCO:6160's Cyclically Adjusted PB Ratio is ranked better than
71.84% of 2102 companies
in the Industrial Products industry
Industry Median: 2.1 vs ROCO:6160: 1.11

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.

Cipherlab Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$8.603. 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$13.82 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cipherlab Co  (ROCO:6160) 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.


Cipherlab Co Cyclically Adjusted PB Ratio Related Terms


Cipherlab Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cipherlab 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.

Cipherlab Co Cyclically Adjusted PB Ratio Chart

Cipherlab 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 1.30 1.12 1.55 1.73 1.25

Cipherlab 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 1.45 1.56 1.25 1.13 1.18

Cipherlab Co Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Cipherlab 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.


Cipherlab Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cipherlab Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


ROCO:6160
53GF Score
Cipherlab Co Ltd ROCO:6160
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cipherlab 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.

Cipherlab Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.00/13.82
=1.09

* 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.

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

For example, Cipherlab 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)
=8.603/333.9520*333.9520
=8.603

Current CPI (Jun. 2026) = 333.9520.

Cipherlab Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.733 241.428 18.996
201612 13.822 241.432 19.119
201703 12.950 243.801 17.739
201706 11.516 244.955 15.700
201709 11.454 246.819 15.498
201712 11.953 246.524 16.192
201803 11.954 249.554 15.997
201806 12.169 251.989 16.127
201809 12.658 252.439 16.745
201812 12.810 251.233 17.028
201903 12.625 254.202 16.586
201906 11.956 256.143 15.588
201909 12.037 256.759 15.656
201912 11.899 256.974 15.463
202003 11.276 258.115 14.589
202006 10.684 257.797 13.840
202009 10.807 260.280 13.866
202012 10.966 260.474 14.059
202103 11.325 264.877 14.278
202106 11.300 271.696 13.889
202109 11.318 274.310 13.779
202112 11.462 278.802 13.729
202203 11.584 287.504 13.455
202206 11.386 296.311 12.832
202209 11.591 296.808 13.042
202212 11.763 296.797 13.236
202303 12.250 301.836 13.553
202306 11.480 305.109 12.565
202309 11.381 307.789 12.348
202312 11.095 306.746 12.079
202403 11.149 312.332 11.921
202406 10.753 314.175 11.430
202409 10.515 315.301 11.137
202412 10.621 315.605 11.238
202503 10.491 319.799 10.955
202506 10.209 322.561 10.570
202509 10.024 324.800 10.306
202512 9.416 324.054 9.704
202603 9.136 330.213 9.239
202606 8.603 333.952 8.603

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 1.09 mean?
Cipherlab Co (ROCO:6160) has a Cyclically Adjusted PB Ratio of 1.09 as of Aug. 29, 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 Cipherlab Co and its competitors. This is 16% below median its historical median of 1.29. Over the past decade, Cipherlab Co's Cyclically Adjusted PB Ratio has ranged from 0.75 to 2.65. According to the industry distribution chart, Cipherlab Co ranks #592 out of 2102 companies in the Industrial Products industry, placing it in the top 28.2%.
Is Cipherlab Co's Cyclically Adjusted PB Ratio too high?
Cipherlab Co's current Cyclically Adjusted PB Ratio of 1.09 is 16% below median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 2.65. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.10. Cipherlab Co's value of 1.09 is 48.1% below this industry median. Based on the distribution chart, Cipherlab Co ranks #592 out of 2102 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Cipherlab Co has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cipherlab Co's Cyclically Adjusted PB Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Cipherlab Co ranks #592 out of 2102 companies for Cyclically Adjusted PB Ratio. This puts Cipherlab Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.10. Cipherlab Co's value of 1.09 is 48.1% below this benchmark. Historically, Cipherlab Co's own Cyclically Adjusted PB Ratio has ranged from 0.75 to 2.65 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 2.10, Cipherlab Co 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.10, based on 2,102 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. Cipherlab Co's current Cyclically Adjusted PB Ratio of 1.09 is 48.1% 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 Cipherlab Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cipherlab Co's current Cyclically Adjusted PB Ratio is 1.09, which is 16% below median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cipherlab Co stock overvalued right now?
Based on GuruFocus' analysis, Cipherlab Co (ROCO:6160) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$17.51, compared to a current price of NT$15.00 — trading 14.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.09, which is 16% below median its 10-year median of 1.29 and 48.1% below the Industrial Products industry median of 2.10. Cipherlab Co's overall GF Score™ is 53/100 with 6 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 Cipherlab Co (ROCO:6160), the current Cyclically Adjusted PB Ratio is 1.09 as of Aug. 29, 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 Cipherlab Co (ROCO:6160) Overvalued in 2026?

Based on GuruFocus' analysis, Cipherlab Co stock appears to be undervalued. The current stock price of NT$15.00 is trading 14.3% below its estimated GF Value™ of NT$17.51. GuruFocus considers Cipherlab Co to be Modestly Undervalued.

Key valuation signals for ROCO:6160:

  • Cyclically Adjusted PB Ratio: 1.09 (16% below median its 10-year median of 1.29)
  • GF Value™: NT$17.51 vs. price of NT$15.00 (14.3% below fair value)
  • GF Score™: 53/100 with 6 warning signs
  • Industry Position: 48.1% below the Industrial Products median (#592 of 2102)

No single metric tells the full story. See the ROCO:6160 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cipherlab Co Business Description

Address 333 Dunhua S. Road, 12th floor, Section 2, Taipei, TWN
Cipherlab Co Ltd specializes in manufacturing and selling various computer-related products, such as peripheral equipment, electronic cash registers, barcode scanners, magnetic card readers, electronic measuring instruments, and software programs. It also provides services for skincare products, import and export trade, and acts as domestic and foreign manufacturers' agents for distribution. In addition, the Company is involved in importing and manufacturing telecommunications control radio frequency equipment.
53GF Score

Get the complete analysis for ROCO:6160

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

NT$15.00
Price
NT$17.51
GF Value