Mortech (ROCO:7419) Cyclically Adjusted PB Ratio: 4.73 (As of Aug. 18, 2026) — 30% 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:7419 Mortech Corp ROCO:7419
52 GF Score
Price NT$48.85
GF Value NT$10.67
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Mortech Cyclically Adjusted PB Ratio?

Mortech ROCO:7419 -0.31% 52 Cyclically Adjusted PB Ratio is 4.73 as of Aug. 18, 2026, which is 30% below its 10-year median of 6.76. GuruFocus rates ROCO:7419 with a GF Score™ of 52/100 and a GF Value™ of NT$10.67 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,962 Hardware companies, Mortech ranks worse than 76.71% on this metric.

As of today (2026-08-18), Mortech's current share price is NT$48.85. Mortech's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was NT$10.32. Mortech's Cyclically Adjusted PB Ratio for today is 4.73.

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

ROCO:7419' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.69   Med: 6.76   Max: 20.83
Current: 4.79

During the past 10 years, Mortech's highest Cyclically Adjusted PB Ratio was 20.83. The lowest was 1.69. And the median was 6.76.

ROCO:7419's Cyclically Adjusted PB Ratio is ranked worse than
76.71% of 1962 companies
in the Hardware industry
Industry Median: 2.115 vs ROCO:7419: 4.79

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.

Mortech's adjusted book value per share data of for the fiscal year that ended in Dec25 was NT$7.001. 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$10.32 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mortech  (ROCO:7419) 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.


Mortech Cyclically Adjusted PB Ratio Related Terms


Mortech Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mortech'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.

Mortech Cyclically Adjusted PB Ratio Chart

Mortech 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 0.00 0.00 0.00 0.00 1.48

Mortech Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.00 0.00 0.00 1.48 0.00

ROCO:7419 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Mortech'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.


Mortech Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


ROCO:7419
52GF Score
Mortech Corp ROCO:7419
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mortech 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.

Mortech's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=48.85/10.32
=4.73

* 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.

Mortech's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Mortech's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=7.001/324.0540*324.0540
=7.001

Current CPI (Dec25) = 324.0540.

Mortech Annual Data

Book Value per Share CPI Adj_Book
201612 4.521 241.432 6.068
201712 8.051 246.524 10.583
201812 9.566 251.233 12.339
201912 11.195 256.974 14.117
202012 10.748 260.474 13.372
202112 10.025 278.802 11.652
202212 10.063 296.797 10.987
202312 8.583 306.746 9.067
202412 7.842 315.605 8.052
202512 7.001 324.054 7.001

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 4.73 mean?
Mortech (ROCO:7419) has a Cyclically Adjusted PB Ratio of 4.73 as of Aug. 18, 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 Mortech and its competitors. This is 30% below median its historical median of 6.76. Over the past decade, Mortech's Cyclically Adjusted PB Ratio has ranged from 1.69 to 20.83. According to the industry distribution chart, Mortech ranks #1505 out of 1962 companies in the Hardware industry, placing it in the top 76.7%.
Is Mortech's Cyclically Adjusted PB Ratio too high?
Mortech's current Cyclically Adjusted PB Ratio of 4.73 is 30% below median its 10-year median of 6.76. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 20.83. The Hardware industry median Cyclically Adjusted PB Ratio is 2.12. Mortech's value of 4.73 is 123.6% above this industry median. Based on the distribution chart, Mortech ranks #1505 out of 1962 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Mortech has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mortech's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Mortech ranks #1505 out of 1962 companies for Cyclically Adjusted PB Ratio. This places Mortech in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.12. Mortech's value of 4.73 is 123.6% above this benchmark. Historically, Mortech's own Cyclically Adjusted PB Ratio has ranged from 1.69 to 20.83 over the past decade. While the company's 10-year median is 6.76 vs. the industry median of 2.12, Mortech 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 2.12, based on 1,962 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. Mortech's current Cyclically Adjusted PB Ratio of 4.73 is 123.6% 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 Mortech and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mortech's current Cyclically Adjusted PB Ratio is 4.73, which is 30% below median its own 10-year median of 6.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mortech stock overvalued right now?
Based on GuruFocus' analysis, Mortech (ROCO:7419) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$10.67, compared to a current price of NT$48.85 — trading 357.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.73, which is 30% below median its 10-year median of 6.76 and 123.6% above the Hardware industry median of 2.12. Mortech's overall GF Score™ is 52/100 with 4 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 Mortech (ROCO:7419), the current Cyclically Adjusted PB Ratio is 4.73 as of Aug. 18, 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 Mortech (ROCO:7419) Overvalued in 2026?

Based on GuruFocus' analysis, Mortech stock appears to be overvalued. The current stock price of NT$48.85 is trading 357.8% above its estimated GF Value™ of NT$10.67. GuruFocus considers Mortech to be Significantly Overvalued.

Key valuation signals for ROCO:7419:

  • Cyclically Adjusted PB Ratio: 4.73 (30% below median its 10-year median of 6.76)
  • GF Value™: NT$10.67 vs. price of NT$48.85 (357.8% above fair value)
  • GF Score™: 52/100 with 4 warning signs
  • Industry Position: 123.6% above the Hardware median (#1505 of 1962)

No single metric tells the full story. See the ROCO:7419 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mortech Business Description

Address No.2-6, Gongye 2nd Road, Pingzhen District, Taoyuan, TWN
Mortech Corp is engaged in manufacturing of film products. The company's products include polyimide (PI) film, low CTE high modulus PI film, Thermal Conductivity PI, PI stiffener, aterial, black polyimide film, and black low CTE high modulus.
52GF Score

Get the complete analysis for ROCO:7419

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

NT$48.85
Price
NT$10.67
GF Value