Qisda (TPE:2352) Cyclically Adjusted PB Ratio: (As of Sep. 22, 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.

TPE:2352 Qisda Corp TPE:2352
70 GF Score
Price NT$29.40
GF Value NT$43.77
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Qisda Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Qisda  (TPE:2352) 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.


Qisda Cyclically Adjusted PB Ratio Related Terms


Qisda Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Qisda'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.

Qisda Cyclically Adjusted PB Ratio Chart

Qisda 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 1.38 1.10 1.71 1.11 0.60

Qisda 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 0.87 0.99 0.63 0.59 0.87

TPE:2352 vs DELL, ANET, SNDK: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, Qisda'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.


Qisda Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:2352
70GF Score
Qisda Corp TPE:2352
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Qisda 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.

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

For example, Qisda'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)
=45.061/333.9520*333.9520
=45.061

Current CPI (Jun. 2026) = 333.9520.

Qisda Quarterly Data

Book Value per Share CPI Adj_Book
201609 19.335 241.428 26.745
201612 20.428 241.432 28.256
201703 20.468 243.801 28.037
201706 20.339 244.955 27.729
201709 21.300 246.819 28.819
201712 23.280 246.524 31.536
201803 23.842 249.554 31.905
201806 22.849 251.989 30.281
201809 23.586 252.439 31.202
201812 24.715 251.233 32.852
201903 26.064 254.202 34.241
201906 25.540 256.143 33.298
201909 28.607 256.759 37.208
201912 29.785 256.974 38.707
202003 29.632 258.115 38.338
202006 29.243 257.797 37.882
202009 36.589 260.280 46.945
202012 36.560 260.474 46.873
202103 38.021 264.877 47.936
202106 38.075 271.696 46.799
202109 36.804 274.310 44.806
202112 41.025 278.802 49.140
202203 37.864 287.504 43.981
202206 37.032 296.311 41.736
202209 41.944 296.808 47.193
202212 42.125 296.797 47.398
202303 42.212 301.836 46.703
202306 42.389 305.109 46.396
202309 39.769 307.789 43.149
202312 39.742 306.746 43.267
202403 39.238 312.332 41.954
202406 39.554 314.175 42.044
202409 39.874 315.301 42.233
202412 41.987 315.605 44.428
202503 40.253 319.799 42.034
202506 36.275 322.561 37.556
202509 36.004 324.800 37.018
202512 38.235 324.054 39.403
202603 38.241 330.213 38.674
202606 45.061 333.952 45.061

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 Qisda (TPE:2352) Overvalued in 2026?

Based on GuruFocus' analysis, Qisda stock appears to be undervalued. The current stock price of NT$29.40 is trading 32.8% below its estimated GF Value™ of NT$43.77. GuruFocus considers Qisda to be Possible Value Trap.

Key valuation signals for TPE:2352:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$43.77 vs. price of NT$29.40 (32.8% below fair value)
  • GF Score™: 70/100 with 8 warning signs

No single metric tells the full story. See the TPE:2352 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Qisda Business Description

Address No. 157, Shan-Ying Road, Gueishan District, Taoyuan, Taoyuan, TWN, 333
Qisda Corp is engaged in the manufacturing, sales, and services of high-end monitors and opto-mechatronics products. The company's segments include DMS engaging in the design, research, manufacturing, and sale of electronic products; Brand engaging in the design, research, marketing and sale of brand-name products; Material engaging in the research, manufacturing, and sale of optoelectronics film; Medical offering medical services; Networks engaging in the design, research, manufacturing, and sale of broadband products, wireless network products and computer network system equipment. The majority of the revenue is derived from the DMS segment. Geographically, its operations are spread across Asia, Europe, the Americas, and Others.
70GF Score

Get the complete analysis for TPE:2352

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

NT$29.40
Price
NT$43.77
GF Value