FeedBack Tech (ROCO:8091) Cyclically Adjusted PB Ratio: 3.62 (As of Aug. 11, 2026) — 115% Above Median

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ROCO:8091 FeedBack Tech Corp ROCO:8091
68 GF Score
Price NT$239.00
GF Value NT$125.62
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is FeedBack Tech Cyclically Adjusted PB Ratio?

FeedBack Tech ROCO:8091 +6.22% 68 Cyclically Adjusted PB Ratio is 3.62 as of Aug. 11, 2026, which is 115% above its 10-year median of 1.68. GuruFocus rates ROCO:8091 with a GF Score™ of 68/100 and a GF Value™ of NT$125.62 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 728 Semiconductors companies, FeedBack Tech ranks worse than 51.65% on this metric.

As of today (2026-08-11), FeedBack Tech's current share price is NT$239.00. FeedBack Tech's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$65.98. FeedBack Tech's Cyclically Adjusted PB Ratio for today is 3.62.

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

ROCO:8091' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.1   Med: 1.68   Max: 3.41
Current: 3.41

During the past years, FeedBack Tech's highest Cyclically Adjusted PB Ratio was 3.41. The lowest was 1.10. And the median was 1.68.

ROCO:8091's Cyclically Adjusted PB Ratio is ranked worse than
51.65% of 728 companies
in the Semiconductors industry
Industry Median: 3.225 vs ROCO:8091: 3.41

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.

FeedBack Tech's adjusted book value per share data for the three months ended in Mar. 2026 was NT$65.944. 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$65.98 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


FeedBack Tech  (ROCO:8091) 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.


FeedBack Tech Cyclically Adjusted PB Ratio Related Terms


FeedBack Tech Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for FeedBack 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.

FeedBack Tech Cyclically Adjusted PB Ratio Chart

FeedBack 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 1.59 1.63 1.66 2.06 1.73

FeedBack 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 1.93 1.75 1.73 1.73 2.17

ROCO:8091 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, FeedBack 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.


FeedBack Tech Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


ROCO:8091
68GF Score
FeedBack Tech Corp ROCO:8091
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FeedBack 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=239.00/65.98
=3.62

* 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.

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

For example, FeedBack 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)
=65.944/330.2130*330.2130
=65.944

Current CPI (Mar. 2026) = 330.2130.

FeedBack Tech Quarterly Data

Book Value per Share CPI Adj_Book
201606 36.316 241.018 49.756
201609 37.505 241.428 51.297
201612 38.789 241.432 53.053
201703 40.050 243.801 54.245
201706 37.955 244.955 51.165
201709 40.896 246.819 54.714
201712 55.396 246.524 74.202
201803 57.729 249.554 76.388
201806 51.739 251.989 67.800
201809 53.059 252.439 69.406
201812 54.098 251.233 71.105
201903 55.195 254.202 71.699
201906 50.844 256.143 65.547
201909 51.240 256.759 65.899
201912 51.364 256.974 66.003
202003 51.546 258.115 65.944
202006 52.192 257.797 66.853
202009 52.927 260.280 67.148
202012 54.024 260.474 68.488
202103 54.503 264.877 67.947
202106 55.329 271.696 67.246
202109 54.566 274.310 65.686
202112 56.938 278.802 67.437
202203 59.340 287.504 68.155
202206 57.920 296.311 64.547
202209 61.634 296.808 68.571
202212 63.207 296.797 70.323
202303 65.865 301.836 72.057
202306 60.519 305.109 65.498
202309 62.549 307.789 67.106
202312 63.272 306.746 68.113
202403 59.779 312.332 63.201
202406 61.988 314.175 65.152
202409 70.557 315.301 73.894
202412 72.201 315.605 75.543
202503 65.658 319.799 67.796
202506 64.075 322.561 65.595
202509 66.552 324.800 67.661
202512 69.884 324.054 71.212
202603 65.944 330.213 65.944

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 3.62 mean?
FeedBack Tech (ROCO:8091) has a Cyclically Adjusted PB Ratio of 3.62 as of Aug. 11, 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 FeedBack Tech and its competitors. This is 115% above median its historical median of 1.68. Over the past decade, FeedBack Tech's Cyclically Adjusted PB Ratio has ranged from 1.10 to 3.41. According to the industry distribution chart, FeedBack Tech ranks #376 out of 728 companies in the Semiconductors industry, placing it in the top 51.6%.
Is FeedBack Tech's Cyclically Adjusted PB Ratio too high?
FeedBack Tech's current Cyclically Adjusted PB Ratio of 3.62 is 115% above median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 3.41. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.23. FeedBack Tech's value of 3.62 is 12.2% above this industry median. Based on the distribution chart, FeedBack Tech ranks #376 out of 728 companies in the Semiconductors industry, which is below the industry midpoint. Overall, FeedBack Tech has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FeedBack Tech's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, FeedBack Tech ranks #376 out of 728 companies for Cyclically Adjusted PB Ratio. This places FeedBack Tech in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.23. FeedBack Tech's value of 3.62 is 12.2% above this benchmark. Historically, FeedBack Tech's own Cyclically Adjusted PB Ratio has ranged from 1.10 to 3.41 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 3.23, FeedBack Tech 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.23, based on 728 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. FeedBack Tech's current Cyclically Adjusted PB Ratio of 3.62 is 12.2% 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 FeedBack Tech and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FeedBack Tech's current Cyclically Adjusted PB Ratio is 3.62, which is 115% above median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FeedBack Tech stock overvalued right now?
Based on GuruFocus' analysis, FeedBack Tech (ROCO:8091) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$125.62, compared to a current price of NT$239.00 — trading 90.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.62, which is 115% above median its 10-year median of 1.68 and 12.2% above the Semiconductors industry median of 3.23. FeedBack Tech's overall GF Score™ is 68/100 with 5 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 FeedBack Tech (ROCO:8091), the current Cyclically Adjusted PB Ratio is 3.62 as of Aug. 11, 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 FeedBack Tech (ROCO:8091) Overvalued in 2026?

Based on GuruFocus' analysis, FeedBack Tech stock appears to be overvalued. The current stock price of NT$239.00 is trading 90.3% above its estimated GF Value™ of NT$125.62. GuruFocus considers FeedBack Tech to be Significantly Overvalued.

Key valuation signals for ROCO:8091:

  • Cyclically Adjusted PB Ratio: 3.62 (115% above median its 10-year median of 1.68)
  • GF Value™: NT$125.62 vs. price of NT$239.00 (90.3% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 12.2% above the Semiconductors median (#376 of 728)

No single metric tells the full story. See the ROCO:8091 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FeedBack Tech Business Description

Address Number 221, Nioupu South Road, Xiangshan District, Hsinchu, TWN, 30091
FeedBack Tech Corp is a Taiwan-based company engaged in the manufacture of semiconductor key components. The company offers ion implanters, vacuum equipment, byproduct solutions, and metal-organic vapor phase epitaxies. It also engaged in the trading of electronic machinery and parts. Its products include turbo pumps, welded bellows, source bushing, and gauge controllers.
68GF Score

Get the complete analysis for ROCO:8091

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

NT$239.00
Price
NT$125.62
GF Value