HTC (STU:HTJ) Cyclically Adjusted PB Ratio: (As of Aug. 18, 2026)

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.

STU:HTJ HTC Corp STU:HTJ
69 GF Score
Price €3.74
GF Value €2.93
Valuation Modestly Overvalued
! 5 Warning Signs
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What is HTC Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


HTC  (STU:HTJ) 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.


HTC Cyclically Adjusted PB Ratio Related Terms


HTC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for HTC'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.

HTC Cyclically Adjusted PB Ratio Chart

HTC 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 1.08 0.75 0.77 0.84 0.95

HTC 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 0.71 1.11 0.95 0.77 0.00

STU:HTJ vs AAPL: Cyclically Adjusted PB Ratio Comparison

For the Consumer Electronics subindustry, HTC'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.


HTC Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


STU:HTJ
69GF Score
HTC Corp STU:HTJ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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HTC 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.

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

For example, HTC'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)
=3.399/333.9520*333.9520
=3.399

Current CPI (Jun. 2026) = 333.9520.

HTC Quarterly Data

Book Value per Share CPI Adj_Book
201609 7.568 241.428 10.468
201612 7.463 241.432 10.323
201703 7.130 243.801 9.766
201706 6.672 244.955 9.096
201709 5.945 246.819 8.044
201712 4.632 246.524 6.275
201803 7.391 249.554 9.891
201806 7.319 251.989 9.700
201809 6.766 252.439 8.951
201812 6.301 251.233 8.376
201903 6.072 254.202 7.977
201906 5.642 256.143 7.356
201909 5.370 256.759 6.984
201912 5.064 256.974 6.581
202003 4.835 258.115 6.256
202006 4.692 257.797 6.078
202009 4.394 260.280 5.638
202012 4.256 260.474 5.457
202103 4.205 264.877 5.302
202106 4.114 271.696 5.057
202109 4.132 274.310 5.030
202112 4.212 278.802 5.045
202203 4.225 287.504 4.908
202206 4.146 296.311 4.673
202209 4.182 296.808 4.705
202212 3.796 296.797 4.271
202303 3.719 301.836 4.115
202306 3.612 305.109 3.953
202309 3.436 307.789 3.728
202312 3.217 306.746 3.502
202403 3.237 312.332 3.461
202406 3.117 314.175 3.313
202409 2.973 315.301 3.149
202412 3.015 315.605 3.190
202503 3.483 319.799 3.637
202506 3.141 322.561 3.252
202509 3.589 324.800 3.690
202512 3.466 324.054 3.572
202603 3.517 330.213 3.557
202606 3.399 333.952 3.399

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.

Is HTC (STU:HTJ) Overvalued in 2026?

Based on GuruFocus' analysis, HTC stock appears to be overvalued. The current stock price of €3.74 is trading 27.6% above its estimated GF Value™ of €2.93. GuruFocus considers HTC to be Modestly Overvalued.

Key valuation signals for STU:HTJ:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €2.93 vs. price of €3.74 (27.6% above fair value)
  • GF Score™: 69/100 with 5 warning signs

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


HTC Business Description

Other Exchanges 2498:Taiwan
Address No. 23, Xinghua Road, Taoyuan District, Taoyuan, TWN, 330
HTC Corporation is a Taiwanese consumer electronics company. The company is engaged in designing, manufacturing, assembling, processing, and selling smart mobile and virtual reality devices and after-sales services. Its products include smartphones, tablets, cameras, wearable fitness devices, Blockchain phones, Vive, and virtual reality headsets. The company's operations are mainly in the research, design, manufacture, and sale of virtual reality devices and smart mobile devices, which account for the majority of the total revenue.
69GF Score

Get the complete analysis for STU:HTJ

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

€3.74
Price
€2.93
GF Value