Abonmax Co (TPE:2429) Cyclically Adjusted PB Ratio: (As of Aug. 08, 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.
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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:2429 Abonmax Co Ltd TPE:2429
50 GF Score
Price NT$30.95
GF Value NT$25.54
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Abonmax Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Abonmax Co  (TPE:2429) 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.


Abonmax Co Cyclically Adjusted PB Ratio Related Terms


Abonmax Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Abonmax 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.

Abonmax Co Cyclically Adjusted PB Ratio Chart

Abonmax 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 1.45 0.82 1.50 3.66 9.59

Abonmax 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 6.92 8.29 14.12 9.59 4.70

TPE:2429 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Abonmax 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.


Abonmax Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:2429
50GF Score
Abonmax Co Ltd TPE:2429
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Abonmax 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.

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

For example, Abonmax 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)
=8.623/330.2130*330.2130
=8.623

Current CPI (Mar. 2026) = 330.2130.

Abonmax Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 10.399 241.018 14.247
201609 10.395 241.428 14.218
201612 10.126 241.432 13.850
201703 9.686 243.801 13.119
201706 9.223 244.955 12.433
201709 8.682 246.819 11.615
201712 7.785 246.524 10.428
201803 7.690 249.554 10.176
201806 7.845 251.989 10.280
201809 7.623 252.439 9.972
201812 7.439 251.233 9.778
201903 7.872 254.202 10.226
201906 7.424 256.143 9.571
201909 7.160 256.759 9.208
201912 5.544 256.974 7.124
202003 5.332 258.115 6.821
202006 4.771 257.797 6.111
202009 5.225 260.280 6.629
202012 4.753 260.474 6.026
202103 5.192 264.877 6.473
202106 5.390 271.696 6.551
202109 5.359 274.310 6.451
202112 5.299 278.802 6.276
202203 5.162 287.504 5.929
202206 4.835 296.311 5.388
202209 4.648 296.808 5.171
202212 4.460 296.797 4.962
202303 4.147 301.836 4.537
202306 3.930 305.109 4.253
202309 4.047 307.789 4.342
202312 4.155 306.746 4.473
202403 3.940 312.332 4.166
202406 4.160 314.175 4.372
202409 11.024 315.301 11.545
202412 10.421 315.605 10.903
202503 10.225 319.799 10.558
202506 9.719 322.561 9.950
202509 9.491 324.800 9.649
202512 9.017 324.054 9.188
202603 8.623 330.213 8.623

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 Abonmax Co (TPE:2429) Overvalued in 2026?

Based on GuruFocus' analysis, Abonmax Co stock appears to be overvalued. The current stock price of NT$30.95 is trading 21.2% above its estimated GF Value™ of NT$25.54. GuruFocus considers Abonmax Co to be Modestly Overvalued.

Key valuation signals for TPE:2429:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$25.54 vs. price of NT$30.95 (21.2% above fair value)
  • GF Score™: 50/100 with 9 warning signs

No single metric tells the full story. See the TPE:2429 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Abonmax Co Business Description

Address High Speed Rail Station West Road, No. 286, 3Floor - 1, Section 1, Zhongli District, Taoyuan, TWN
Abonmax Co Ltd is a Taiwan-based company that engages in buying and selling optical panels, optoelectronic glass substrates, and electronic whiteboards.
50GF Score

Get the complete analysis for TPE:2429

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

NT$30.95
Price
NT$25.54
GF Value