Ampire Co (ROCO:8049) Cyclically Adjusted PB Ratio: 1.31 (As of Aug. 25, 2026) — 28% 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:8049 Ampire Co Ltd ROCO:8049
76 GF Score
Price NT$24.45
GF Value NT$26.11
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Ampire Co Cyclically Adjusted PB Ratio?

Ampire Co ROCO:8049 76 Cyclically Adjusted PB Ratio is 1.31 as of Aug. 25, 2026, which is 28% below its 10-year median of 1.83. GuruFocus rates ROCO:8049 with a GF Score™ of 76/100 and a GF Value™ of NT$26.11 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,943 Hardware companies, Ampire Co ranks better than 62.79% on this metric.

As of today (2026-08-25), Ampire Co's current share price is NT$24.45. Ampire Co's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$18.60. Ampire Co's Cyclically Adjusted PB Ratio for today is 1.31.

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

ROCO:8049' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.31   Med: 1.83   Max: 2.64
Current: 1.31

During the past years, Ampire Co's highest Cyclically Adjusted PB Ratio was 2.64. The lowest was 1.31. And the median was 1.83.

ROCO:8049's Cyclically Adjusted PB Ratio is ranked better than
62.79% of 1943 companies
in the Hardware industry
Industry Median: 2.03 vs ROCO:8049: 1.31

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.

Ampire Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$21.848. 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$18.60 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ampire Co  (ROCO:8049) 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.


Ampire Co Cyclically Adjusted PB Ratio Related Terms


Ampire Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Ampire 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.

Ampire Co Cyclically Adjusted PB Ratio Chart

Ampire 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 1.85 2.00 2.40 1.90 1.41

Ampire 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 1.58 1.47 1.41 1.36 1.47

ROCO:8049 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Ampire 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.


Ampire Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


ROCO:8049
76GF Score
Ampire Co Ltd ROCO:8049
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ampire 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.45/18.60
=1.31

* 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.

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

For example, Ampire 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)
=21.848/333.9520*333.9520
=21.848

Current CPI (Jun. 2026) = 333.9520.

Ampire Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 11.964 241.428 16.549
201612 12.401 241.432 17.153
201703 12.743 243.801 17.455
201706 11.932 244.955 16.267
201709 12.332 246.819 16.685
201712 12.726 246.524 17.239
201803 13.112 249.554 17.546
201806 12.346 251.989 16.362
201809 12.893 252.439 17.056
201812 13.323 251.233 17.710
201903 14.116 254.202 18.545
201906 12.668 256.143 16.516
201909 13.525 256.759 17.591
201912 13.878 256.974 18.035
202003 13.914 258.115 18.002
202006 13.089 257.797 16.956
202009 13.621 260.280 17.476
202012 14.284 260.474 18.313
202103 15.762 264.877 19.872
202106 16.764 271.696 20.605
202109 15.866 274.310 19.316
202112 16.905 278.802 20.249
202203 17.115 287.504 19.880
202206 15.666 296.311 17.656
202209 16.547 296.808 18.618
202212 17.668 296.797 19.880
202303 19.138 301.836 21.174
202306 17.006 305.109 18.614
202309 18.139 307.789 19.681
202312 18.592 306.746 20.241
202403 19.368 312.332 20.709
202406 17.119 314.175 18.197
202409 17.381 315.301 18.409
202412 18.663 315.605 19.748
202503 19.163 319.799 20.011
202506 16.974 322.561 17.573
202509 19.174 324.800 19.714
202512 20.148 324.054 20.763
202603 19.489 330.213 19.710
202606 21.848 333.952 21.848

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 1.31 mean?
Ampire Co (ROCO:8049) has a Cyclically Adjusted PB Ratio of 1.31 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 Ampire Co and its competitors. This is 28% below median its historical median of 1.83. Over the past decade, Ampire Co's Cyclically Adjusted PB Ratio has ranged from 1.31 to 2.64. According to the industry distribution chart, Ampire Co ranks #723 out of 1943 companies in the Hardware industry, placing it in the top 37.2%.
Is Ampire Co's Cyclically Adjusted PB Ratio too high?
Ampire Co's current Cyclically Adjusted PB Ratio of 1.31 is 28% below median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 2.64. The Hardware industry median Cyclically Adjusted PB Ratio is 2.03. Ampire Co's value of 1.31 is 35.5% below this industry median. Based on the distribution chart, Ampire Co ranks #723 out of 1943 companies in the Hardware industry, which is above the industry midpoint. Overall, Ampire Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ampire Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Ampire Co ranks #723 out of 1943 companies for Cyclically Adjusted PB Ratio. This puts Ampire Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.03. Ampire Co's value of 1.31 is 35.5% below this benchmark. Historically, Ampire Co's own Cyclically Adjusted PB Ratio has ranged from 1.31 to 2.64 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 2.03, Ampire 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 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. Ampire Co's current Cyclically Adjusted PB Ratio of 1.31 is 35.5% 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 Ampire Co 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. Ampire Co's current Cyclically Adjusted PB Ratio is 1.31, which is 28% below 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 Ampire Co stock overvalued right now?
Based on GuruFocus' analysis, Ampire Co (ROCO:8049) is currently considered Fairly Valued. The stock's GF Value™ is NT$26.11, compared to a current price of NT$24.45 — trading 6.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.31, which is 28% below median its 10-year median of 1.83 and 35.5% below the Hardware industry median of 2.03. Ampire Co's overall GF Score™ is 76/100 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 Ampire Co (ROCO:8049), the current Cyclically Adjusted PB Ratio is 1.31 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 Ampire Co (ROCO:8049) Overvalued in 2026?

Based on GuruFocus' analysis, Ampire Co stock appears to be undervalued. The current stock price of NT$24.45 is trading 6.4% below its estimated GF Value™ of NT$26.11. GuruFocus considers Ampire Co to be Fairly Valued.

Key valuation signals for ROCO:8049:

  • Cyclically Adjusted PB Ratio: 1.31 (28% below median its 10-year median of 1.83)
  • GF Value™: NT$26.11 vs. price of NT$24.45 (6.4% below fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 35.5% below the Hardware median (#723 of 1943)

No single metric tells the full story. See the ROCO:8049 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ampire Co Business Description

Address Xintai 5th Road, No. 116, 4th Floor, Section 1, Xizhi District, New Taipei City, TWN, 221
Ampire Co Ltd is engaged in the manufacturing of data storage and processing equipment; manufacturing of electronic components; manufacturing of other electrical and electronic machinery and equipment; retailing of clerical machinery equipment; and retailing of other mechanical appliances such as LCD monitors, LCD modules, and touch screens. Ampire generates maximum revenue from the sale of TFT and Touch panels. It operates in a single industry, the manufacturing and sales of LCD modules. Geographically, the Group generates maximum revenue from Europe, and the rest from the Americas, Africa, Asia, Taiwan, and Oceania.
76GF Score

Get the complete analysis for ROCO:8049

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

NT$24.45
Price
NT$26.11
GF Value