Excel Cell Electronic Co (TPE:2483) Cyclically Adjusted PB Ratio: 1.32 (As of Aug. 02, 2026) — 43% Above Median

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TPE:2483 Excel Cell Electronic Co Ltd TPE:2483
56 GF Score
Price NT$35.25
GF Value NT$22.36
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Excel Cell Electronic Co Cyclically Adjusted PB Ratio?

Excel Cell Electronic Co TPE:2483 +9.98% 56 Cyclically Adjusted PB Ratio is 1.32 as of Aug. 02, 2026, which is 43% above its 10-year median of 0.92. GuruFocus rates TPE:2483 with a GF Score™ of 56/100 and a GF Value™ of NT$22.36 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,266 Industrial Products companies, Excel Cell Electronic Co ranks better than 65.84% on this metric.

As of today (2026-08-02), Excel Cell Electronic Co's current share price is NT$35.25. Excel Cell Electronic Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$26.68. Excel Cell Electronic Co's Cyclically Adjusted PB Ratio for today is 1.32.

The historical rank and industry rank for Excel Cell Electronic Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:2483' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.92   Max: 2.55
Current: 1.2

During the past years, Excel Cell Electronic Co's highest Cyclically Adjusted PB Ratio was 2.55. The lowest was 0.62. And the median was 0.92.

TPE:2483's Cyclically Adjusted PB Ratio is ranked better than
65.84% of 2266 companies
in the Industrial Products industry
Industry Median: 2.08 vs TPE:2483: 1.20

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.

Excel Cell Electronic Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$24.061. 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$26.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Excel Cell Electronic Co  (TPE:2483) 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.


Excel Cell Electronic Co Cyclically Adjusted PB Ratio Related Terms


Excel Cell Electronic Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Excel Cell Electronic 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.

Excel Cell Electronic Co Cyclically Adjusted PB Ratio Chart

Excel Cell Electronic 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 1.13 0.95 0.94 0.86 0.72

Excel Cell Electronic 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 0.74 0.65 0.82 0.72 0.77

TPE:2483 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Excel Cell Electronic 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.


Excel Cell Electronic Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Excel Cell Electronic Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:2483
56GF Score
Excel Cell Electronic Co Ltd TPE:2483
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Excel Cell Electronic 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.

Excel Cell Electronic Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=35.25/26.68
=1.32

* 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.

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

For example, Excel Cell Electronic 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)
=24.061/330.2130*330.2130
=24.061

Current CPI (Mar. 2026) = 330.2130.

Excel Cell Electronic Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 20.997 241.018 28.767
201609 21.182 241.428 28.972
201612 21.659 241.432 29.624
201703 21.207 243.801 28.724
201706 20.361 244.955 27.448
201709 21.109 246.819 28.241
201712 21.327 246.524 28.567
201803 21.450 249.554 28.383
201806 20.960 251.989 27.467
201809 21.413 252.439 28.010
201812 21.580 251.233 28.364
201903 22.499 254.202 29.227
201906 21.591 256.143 27.835
201909 21.859 256.759 28.112
201912 21.765 256.974 27.968
202003 21.152 258.115 27.060
202006 21.391 257.797 27.400
202009 21.518 260.280 27.300
202012 21.685 260.474 27.491
202103 21.429 264.877 26.715
202106 22.375 271.696 27.194
202109 22.689 274.310 27.313
202112 23.272 278.802 27.563
202203 23.068 287.504 26.495
202206 23.279 296.311 25.942
202209 24.090 296.808 26.801
202212 23.888 296.797 26.578
202303 23.010 301.836 25.173
202306 23.087 305.109 24.987
202309 23.639 307.789 25.361
202312 23.110 306.746 24.878
202403 23.156 312.332 24.482
202406 23.400 314.175 24.595
202409 23.599 315.301 24.715
202412 23.261 315.605 24.338
202503 22.902 319.799 23.648
202506 22.839 322.561 23.381
202509 23.460 324.800 23.851
202512 23.770 324.054 24.222
202603 24.061 330.213 24.061

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.

What does a Cyclically Adjusted PB Ratio of 1.32 mean?
Excel Cell Electronic Co (TPE:2483) has a Cyclically Adjusted PB Ratio of 1.32 as of Aug. 02, 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 Excel Cell Electronic Co and its competitors. This is 43% above median its historical median of 0.92. Over the past decade, Excel Cell Electronic Co's Cyclically Adjusted PB Ratio has ranged from 0.62 to 2.55. According to the industry distribution chart, Excel Cell Electronic Co ranks #774 out of 2266 companies in the Industrial Products industry, placing it in the top 34.2%.
Is Excel Cell Electronic Co's Cyclically Adjusted PB Ratio too high?
Excel Cell Electronic Co's current Cyclically Adjusted PB Ratio of 1.32 is 43% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 2.55. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.08. Excel Cell Electronic Co's value of 1.32 is 36.5% below this industry median. Based on the distribution chart, Excel Cell Electronic Co ranks #774 out of 2266 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Excel Cell Electronic Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Excel Cell Electronic Co's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Excel Cell Electronic Co ranks #774 out of 2266 companies for Cyclically Adjusted PB Ratio. This puts Excel Cell Electronic Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.08. Excel Cell Electronic Co's value of 1.32 is 36.5% below this benchmark. Historically, Excel Cell Electronic Co's own Cyclically Adjusted PB Ratio has ranged from 0.62 to 2.55 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 2.08, Excel Cell Electronic Co 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 2.08, based on 2,266 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. Excel Cell Electronic Co's current Cyclically Adjusted PB Ratio of 1.32 is 36.5% 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 Excel Cell Electronic Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excel Cell Electronic Co's current Cyclically Adjusted PB Ratio is 1.32, which is 43% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excel Cell Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Excel Cell Electronic Co (TPE:2483) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$22.36, compared to a current price of NT$35.25 — trading 57.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.32, which is 43% above median its 10-year median of 0.92 and 36.5% below the Industrial Products industry median of 2.08. Excel Cell Electronic Co's overall GF Score™ is 56/100 with 4 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 Excel Cell Electronic Co (TPE:2483), the current Cyclically Adjusted PB Ratio is 1.32 as of Aug. 02, 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 Excel Cell Electronic Co (TPE:2483) Overvalued in 2026?

Based on GuruFocus' analysis, Excel Cell Electronic Co stock appears to be overvalued. The current stock price of NT$35.25 is trading 57.6% above its estimated GF Value™ of NT$22.36. GuruFocus considers Excel Cell Electronic Co to be Significantly Overvalued.

Key valuation signals for TPE:2483:

  • Cyclically Adjusted PB Ratio: 1.32 (43% above median its 10-year median of 0.92)
  • GF Value™: NT$22.36 vs. price of NT$35.25 (57.6% above fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 36.5% below the Industrial Products median (#774 of 2266)

No single metric tells the full story. See the TPE:2483 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Excel Cell Electronic Co Business Description

Address No. 20, Gongyequ 25th road, Nantun District, Taichung, TWN, 408216
Excel Cell Electronic Co Ltd is engaged in the manufacture and sale of electronic components such as programmable switches, relays, terminal blocks, and lead frames, as well as the processing and sale of various batteries, which are also their sales items. Its products are the main components for computer and communication equipment. The segment includes: the Taiwan Company, China Subsidiaries, and others segment. Product-wise, the firm generates the majority of its revenue from Semiconductors, followed by Electronic Components, Stepping Motor, and Relays.
56GF Score

Get the complete analysis for TPE:2483

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

NT$35.25
Price
NT$22.36
GF Value