Insyde Software (ROCO:6231) Cyclically Adjusted PB Ratio: 10.85 (As of Aug. 16, 2026) — 95% Above Median

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ROCO:6231 Insyde Software Inc ROCO:6231
96 GF Score
Price NT$223.00
GF Value NT$267.95
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Insyde Software Cyclically Adjusted PB Ratio?

Insyde Software ROCO:6231 -1.55% 96 Cyclically Adjusted PB Ratio is 10.85 as of Aug. 16, 2026, which is 95% above its 10-year median of 5.55. GuruFocus rates ROCO:6231 with a GF Score™ of 96/100 and a GF Value™ of NT$267.95 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,548 Software companies, Insyde Software ranks worse than 90.12% on this metric.

As of today (2026-08-16), Insyde Software's current share price is NT$223.00. Insyde Software's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$20.56. Insyde Software's Cyclically Adjusted PB Ratio for today is 10.85.

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

ROCO:6231' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.98   Med: 5.55   Max: 29.81
Current: 10.85

During the past years, Insyde Software's highest Cyclically Adjusted PB Ratio was 29.81. The lowest was 1.98. And the median was 5.55.

ROCO:6231's Cyclically Adjusted PB Ratio is ranked worse than
90.12% of 1548 companies
in the Software industry
Industry Median: 2.34 vs ROCO:6231: 10.85

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.

Insyde Software's adjusted book value per share data for the three months ended in Mar. 2026 was NT$21.774. 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$20.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Insyde Software  (ROCO:6231) 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.


Insyde Software Cyclically Adjusted PB Ratio Related Terms


Insyde Software Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Insyde Software'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.

Insyde Software Cyclically Adjusted PB Ratio Chart

Insyde Software 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 4.06 3.85 11.70 19.91 10.62

Insyde Software 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 14.18 12.96 13.35 10.62 12.21

ROCO:6231 vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Insyde Software'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.


Insyde Software Cyclically Adjusted PB Ratio vs Software Industry

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

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


ROCO:6231
96GF Score
Insyde Software Inc ROCO:6231
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Insyde Software 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.

Insyde Software's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=223.00/20.56
=10.85

* 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.

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

For example, Insyde Software'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)
=21.774/330.2130*330.2130
=21.774

Current CPI (Mar. 2026) = 330.2130.

Insyde Software Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.677 241.018 18.739
201609 13.195 241.428 18.047
201612 13.577 241.432 18.570
201703 13.405 243.801 18.156
201706 13.361 244.955 18.011
201709 13.534 246.819 18.107
201712 13.877 246.524 18.588
201803 13.889 249.554 18.378
201806 13.682 251.989 17.929
201809 14.203 252.439 18.579
201812 14.660 251.233 19.269
201903 14.908 254.202 19.366
201906 14.233 256.143 18.349
201909 14.776 256.759 19.003
201912 15.218 256.974 19.555
202003 15.593 258.115 19.949
202006 15.165 257.797 19.425
202009 16.310 260.280 20.692
202012 16.616 260.474 21.065
202103 17.298 264.877 21.565
202106 18.051 271.696 21.939
202109 16.453 274.310 19.806
202112 18.644 278.802 22.082
202203 20.448 287.504 23.486
202206 17.847 296.311 19.889
202209 19.938 296.808 22.182
202212 21.110 296.797 23.487
202303 16.482 301.836 18.032
202306 17.233 305.109 18.651
202309 18.978 307.789 20.361
202312 19.908 306.746 21.431
202403 19.692 312.332 20.819
202406 21.645 314.175 22.750
202409 23.420 315.301 24.528
202412 25.698 315.605 26.887
202503 21.039 319.799 21.724
202506 21.039 322.561 21.538
202509 23.104 324.800 23.489
202512 25.540 324.054 26.025
202603 21.774 330.213 21.774

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 10.85 mean?
Insyde Software (ROCO:6231) has a Cyclically Adjusted PB Ratio of 10.85 as of Aug. 16, 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 Insyde Software and its competitors. This is 95% above median its historical median of 5.55. Over the past decade, Insyde Software's Cyclically Adjusted PB Ratio has ranged from 1.98 to 29.81. According to the industry distribution chart, Insyde Software ranks #1395 out of 1548 companies in the Software industry, placing it in the top 90.1%.
Is Insyde Software's Cyclically Adjusted PB Ratio too high?
Insyde Software's current Cyclically Adjusted PB Ratio of 10.85 is 95% above median its 10-year median of 5.55. Over the past 10 years, this metric has ranged from a low of 1.98 to a high of 29.81. The Software industry median Cyclically Adjusted PB Ratio is 2.34. Insyde Software's value of 10.85 is 363.7% above this industry median. Based on the distribution chart, Insyde Software ranks #1395 out of 1548 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Insyde Software has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Insyde Software's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Insyde Software ranks #1395 out of 1548 companies for Cyclically Adjusted PB Ratio. This places Insyde Software in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.34. Insyde Software's value of 10.85 is 363.7% above this benchmark. Historically, Insyde Software's own Cyclically Adjusted PB Ratio has ranged from 1.98 to 29.81 over the past decade. While the company's 10-year median is 5.55 vs. the industry median of 2.34, Insyde Software 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.34, based on 1,548 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. Insyde Software's current Cyclically Adjusted PB Ratio of 10.85 is 363.7% 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 Insyde Software and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Insyde Software's current Cyclically Adjusted PB Ratio is 10.85, which is 95% above median its own 10-year median of 5.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Insyde Software stock overvalued right now?
Based on GuruFocus' analysis, Insyde Software (ROCO:6231) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$267.95, compared to a current price of NT$223.00 — trading 16.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.85, which is 95% above median its 10-year median of 5.55 and 363.7% above the Software industry median of 2.34. Insyde Software's overall GF Score™ is 96/100 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 Insyde Software (ROCO:6231), the current Cyclically Adjusted PB Ratio is 10.85 as of Aug. 16, 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 Insyde Software (ROCO:6231) Overvalued in 2026?

Based on GuruFocus' analysis, Insyde Software stock appears to be undervalued. The current stock price of NT$223.00 is trading 16.8% below its estimated GF Value™ of NT$267.95. GuruFocus considers Insyde Software to be Modestly Undervalued.

Key valuation signals for ROCO:6231:

  • Cyclically Adjusted PB Ratio: 10.85 (95% above median its 10-year median of 5.55)
  • GF Value™: NT$267.95 vs. price of NT$223.00 (16.8% below fair value)
  • GF Score™: 96/100 with 3 warning signs
  • Industry Position: 363.7% above the Software median (#1395 of 1548)

No single metric tells the full story. See the ROCO:6231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Insyde Software Business Description

Address Jianguo N. Road, 16th Floor, No.120, Section 2, Zhongshan District, Taipei, TWN
Insyde Software Inc is engaged in the software and system firmware design and development, installation, and program modification for companies in the mobile, desktop, server, and embedded systems industries. Its products include DATA CENTER, AI & HPC, Client Computing, and IoT, Embedded & The EDGE.
96GF Score

Get the complete analysis for ROCO:6231

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

NT$223.00
Price
NT$267.95
GF Value