Mercuries Data Systems (TPE:2427) Cyclically Adjusted PB Ratio: 1.42 (As of Aug. 13, 2026) — 43% Above 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.

TPE:2427 Mercuries Data Systems Ltd TPE:2427
81 GF Score
Price NT$21.75
GF Value NT$39.92
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Mercuries Data Systems Cyclically Adjusted PB Ratio?

Mercuries Data Systems TPE:2427 81 Cyclically Adjusted PB Ratio is 1.42 as of Aug. 13, 2026, which is 43% above its 10-year median of 0.99. GuruFocus rates TPE:2427 with a GF Score™ of 81/100 and a GF Value™ of NT$39.92 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,229 Industrial Products companies, Mercuries Data Systems ranks better than 64.78% on this metric.

As of today (2026-08-13), Mercuries Data Systems's current share price is NT$21.75. Mercuries Data Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$15.34. Mercuries Data Systems's Cyclically Adjusted PB Ratio for today is 1.42.

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

TPE:2427' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.77   Med: 0.99   Max: 2.45
Current: 1.42

During the past years, Mercuries Data Systems's highest Cyclically Adjusted PB Ratio was 2.45. The lowest was 0.77. And the median was 0.99.

TPE:2427's Cyclically Adjusted PB Ratio is ranked better than
64.78% of 2229 companies
in the Industrial Products industry
Industry Median: 2.17 vs TPE:2427: 1.42

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.

Mercuries Data Systems's adjusted book value per share data for the three months ended in Mar. 2026 was NT$17.396. 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$15.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mercuries Data Systems  (TPE:2427) 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.


Mercuries Data Systems Cyclically Adjusted PB Ratio Related Terms


Mercuries Data Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Mercuries Data Systems'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.

Mercuries Data Systems Cyclically Adjusted PB Ratio Chart

Mercuries Data Systems 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 1.01 0.87 1.80 1.82 1.77

Mercuries Data Systems 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 1.75 1.87 1.80 1.77 1.48

Mercuries Data Systems Cyclically Adjusted PB Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Mercuries Data Systems'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.


Mercuries Data Systems Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mercuries Data Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:2427
81GF Score
Mercuries Data Systems Ltd TPE:2427
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercuries Data Systems 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.

Mercuries Data Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.75/15.34
=1.42

* 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.

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

For example, Mercuries Data Systems'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)
=17.396/330.2130*330.2130
=17.396

Current CPI (Mar. 2026) = 330.2130.

Mercuries Data Systems Quarterly Data

Book Value per Share CPI Adj_Book
201606 11.191 241.018 15.333
201609 11.290 241.428 15.442
201612 11.283 241.432 15.432
201703 11.322 243.801 15.335
201706 11.275 244.955 15.199
201709 11.471 246.819 15.347
201712 11.442 246.524 15.326
201803 11.527 249.554 15.253
201806 11.329 251.989 14.846
201809 11.308 252.439 14.792
201812 11.516 251.233 15.136
201903 11.693 254.202 15.189
201906 11.398 256.143 14.694
201909 11.555 256.759 14.861
201912 11.755 256.974 15.105
202003 11.627 258.115 14.875
202006 11.648 257.797 14.920
202009 11.897 260.280 15.094
202012 11.938 260.474 15.134
202103 12.060 264.877 15.035
202106 11.917 271.696 14.484
202109 12.136 274.310 14.609
202112 12.275 278.802 14.539
202203 12.577 287.504 14.445
202206 12.406 296.311 13.825
202209 12.739 296.808 14.173
202212 13.085 296.797 14.558
202303 13.632 301.836 14.914
202306 13.520 305.109 14.632
202309 13.839 307.789 14.847
202312 15.526 306.746 16.714
202403 16.100 312.332 17.022
202406 15.490 314.175 16.281
202409 15.668 315.301 16.409
202412 15.871 315.605 16.606
202503 16.412 319.799 16.946
202506 15.836 322.561 16.212
202509 16.251 324.800 16.522
202512 16.618 324.054 16.934
202603 17.396 330.213 17.396

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 1.42 mean?
Mercuries Data Systems (TPE:2427) has a Cyclically Adjusted PB Ratio of 1.42 as of Aug. 13, 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 Mercuries Data Systems and its competitors. This is 43% above median its historical median of 0.99. Over the past decade, Mercuries Data Systems' Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.45. According to the industry distribution chart, Mercuries Data Systems ranks #785 out of 2229 companies in the Industrial Products industry, placing it in the top 35.2%.
Is Mercuries Data Systems' Cyclically Adjusted PB Ratio too high?
Mercuries Data Systems' current Cyclically Adjusted PB Ratio of 1.42 is 43% above median its 10-year median of 0.99. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 2.45. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.17. Mercuries Data Systems' value of 1.42 is 34.6% below this industry median. Based on the distribution chart, Mercuries Data Systems ranks #785 out of 2229 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Mercuries Data Systems has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mercuries Data Systems' Cyclically Adjusted PB Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Mercuries Data Systems ranks #785 out of 2229 companies for Cyclically Adjusted PB Ratio. This puts Mercuries Data Systems in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.17. Mercuries Data Systems' value of 1.42 is 34.6% below this benchmark. Historically, Mercuries Data Systems' own Cyclically Adjusted PB Ratio has ranged from 0.77 to 2.45 over the past decade. While the company's 10-year median is 0.99 vs. the industry median of 2.17, Mercuries Data Systems 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.17, based on 2,229 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. Mercuries Data Systems's current Cyclically Adjusted PB Ratio of 1.42 is 34.6% 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 Mercuries Data Systems and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercuries Data Systems's current Cyclically Adjusted PB Ratio is 1.42, which is 43% above median its own 10-year median of 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercuries Data Systems stock overvalued right now?
Based on GuruFocus' analysis, Mercuries Data Systems (TPE:2427) is currently considered Possible Value Trap. The stock's GF Value™ is NT$39.92, compared to a current price of NT$21.75 — trading 45.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.42, which is 43% above median its 10-year median of 0.99 and 34.6% below the Industrial Products industry median of 2.17. Mercuries Data Systems' overall GF Score™ is 81/100 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 Mercuries Data Systems (TPE:2427), the current Cyclically Adjusted PB Ratio is 1.42 as of Aug. 13, 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 Mercuries Data Systems (TPE:2427) Overvalued in 2026?

Based on GuruFocus' analysis, Mercuries Data Systems stock appears to be undervalued. The current stock price of NT$21.75 is trading 45.5% below its estimated GF Value™ of NT$39.92. GuruFocus considers Mercuries Data Systems to be Possible Value Trap.

Key valuation signals for TPE:2427:

  • Cyclically Adjusted PB Ratio: 1.42 (43% above median its 10-year median of 0.99)
  • GF Value™: NT$39.92 vs. price of NT$21.75 (45.5% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 34.6% below the Industrial Products median (#785 of 2229)

No single metric tells the full story. See the TPE:2427 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercuries Data Systems Business Description

Address No.2, Lane 150, Section 5, Xinyi Road, 3rd Floor, World Trade Center Building, Xinyi District, Taipei, TWN
Mercuries Data Systems Ltd is an automated banking and self-service solution provider in Taiwan. It is engaged in sales, leasing, and maintenance of intelligent automation machines in the financial service, as well as planning, development, construction, and maintenance of software and hardware to accommodate the integrated system. The company offers a wide range of automated teller machines (ATMs) and self-service solutions for the banking industry, from passbook entry machines and related equipment to ATMs. The segments of the company are classified as: System integration, which derives key revenue, and the Financial Services segment.
81GF Score

Get the complete analysis for TPE:2427

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

NT$21.75
Price
NT$39.92
GF Value