Cheng Uei Precision Industry Co (TPE:2392) Cyclically Adjusted PB Ratio: (As of Aug. 04, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:2392 Cheng Uei Precision Industry Co Ltd TPE:2392
58 GF Score
Price NT$34.45
GF Value NT$49.28
Valuation Possible Value Trap
! 8 Warning Signs
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What is Cheng Uei Precision Industry Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Cheng Uei Precision Industry Co  (TPE:2392) 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.


Cheng Uei Precision Industry Co Cyclically Adjusted PB Ratio Related Terms


Cheng Uei Precision Industry Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cheng Uei Precision Industry 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.

Cheng Uei Precision Industry Co Cyclically Adjusted PB Ratio Chart

Cheng Uei Precision Industry 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 0.75 0.67 0.86 1.28 0.66

Cheng Uei Precision Industry Co 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 0.96 0.91 0.83 0.66 0.00

TPE:2392 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Cheng Uei Precision Industry 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.


Cheng Uei Precision Industry Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

* The bar in red indicates where Cheng Uei Precision Industry Co's Cyclically Adjusted PB Ratio falls into.


TPE:2392
58GF Score
Cheng Uei Precision Industry Co Ltd TPE:2392
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cheng Uei Precision Industry 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.

Cheng Uei Precision Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Cheng Uei Precision Industry Co'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)
=48.152/330.2130*330.2130
=48.152

Current CPI (Mar. 2026) = 330.2130.

Cheng Uei Precision Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 46.057 241.018 63.102
201609 45.318 241.428 61.984
201612 46.136 241.432 63.101
201703 44.338 243.801 60.053
201706 44.316 244.955 59.740
201709 46.198 246.819 61.807
201712 45.599 246.524 61.079
201803 44.825 249.554 59.313
201806 41.489 251.989 54.368
201809 41.295 252.439 54.018
201812 45.177 251.233 59.379
201903 46.413 254.202 60.291
201906 44.674 256.143 57.593
201909 45.428 256.759 58.424
201912 46.268 256.974 59.455
202003 45.882 258.115 58.698
202006 43.410 257.797 55.604
202009 47.010 260.280 59.641
202012 49.013 260.474 62.136
202103 48.681 264.877 60.689
202106 46.079 271.696 56.003
202109 46.689 274.310 56.204
202112 48.026 278.802 56.882
202203 48.160 287.504 55.314
202206 48.822 296.311 54.408
202209 50.748 296.808 56.460
202212 50.374 296.797 56.046
202303 47.821 301.836 52.317
202306 47.675 305.109 51.598
202309 52.446 307.789 56.267
202312 52.267 306.746 56.266
202403 52.144 312.332 55.129
202406 53.093 314.175 55.803
202409 55.835 315.301 58.476
202412 56.633 315.605 59.254
202503 55.840 319.799 57.658
202506 46.302 322.561 47.400
202509 46.318 324.800 47.090
202512 47.556 324.054 48.460
202603 48.152 330.213 48.152

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 Cheng Uei Precision Industry Co (TPE:2392) Overvalued in 2026?

Based on GuruFocus' analysis, Cheng Uei Precision Industry Co stock appears to be undervalued. The current stock price of NT$34.45 is trading 30.1% below its estimated GF Value™ of NT$49.28. GuruFocus considers Cheng Uei Precision Industry Co to be Possible Value Trap.

Key valuation signals for TPE:2392:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$49.28 vs. price of NT$34.45 (30.1% below fair value)
  • GF Score™: 58/100 with 8 warning signs

No single metric tells the full story. See the TPE:2392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cheng Uei Precision Industry Co Business Description

Address No.18, Zhongshan Road, Tucheng District, New Taipei City, TWN, 236
Cheng Uei Precision Industry Co Ltd is engaged in the manufacture of cable assemblies, connectors, battery packs, and power modules. Its main clients are producers of communications devices, computers, and consumer electronics. Its product portfolio consists of cables, connectors, accessories, battery packs, power modules, wireless and Bluetooth products, camera modules, audio products, wearable devices, and gaming products. The company's reportable operating segments include Systems and peripheral products, which derive maximum revenue, 3C component, 3C product retail, Energy service management, and Others. Geographically, it derives maximum revenue from America, followed by Taiwan, China, Vietnam, Hong Kong, India, and other regions.
58GF Score

Get the complete analysis for TPE:2392

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

NT$34.45
Price
NT$49.28
GF Value