I-Chiun Precision Industry Co (TPE:2486) Cyclically Adjusted PB Ratio: 10.57 (As of Aug. 05, 2026) — 368% 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:2486 I-Chiun Precision Industry Co Ltd TPE:2486
48 GF Score
Price NT$221.00
GF Value NT$91.25
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is I-Chiun Precision Industry Co Cyclically Adjusted PB Ratio?

I-Chiun Precision Industry Co TPE:2486 +7.02% 48 Cyclically Adjusted PB Ratio is 10.57 as of Aug. 05, 2026, which is 368% above its 10-year median of 2.26. GuruFocus rates TPE:2486 with a GF Score™ of 48/100 and a GF Value™ of NT$91.25 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,968 Hardware companies, I-Chiun Precision Industry Co ranks worse than 92.23% on this metric.

As of today (2026-08-05), I-Chiun Precision Industry Co's current share price is NT$221.00. I-Chiun Precision Industry Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$20.90. I-Chiun Precision Industry Co's Cyclically Adjusted PB Ratio for today is 10.57.

The historical rank and industry rank for I-Chiun Precision Industry Co's Cyclically Adjusted PB Ratio or its related term are showing as below:

TPE:2486' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.27   Med: 2.26   Max: 13.47
Current: 10.48

During the past years, I-Chiun Precision Industry Co's highest Cyclically Adjusted PB Ratio was 13.47. The lowest was 0.27. And the median was 2.26.

TPE:2486's Cyclically Adjusted PB Ratio is ranked worse than
92.23% of 1968 companies
in the Hardware industry
Industry Median: 2 vs TPE:2486: 10.48

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.

I-Chiun Precision Industry Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$22.544. 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$20.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


I-Chiun Precision Industry Co  (TPE:2486) 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.


I-Chiun Precision Industry Co Cyclically Adjusted PB Ratio Related Terms


I-Chiun Precision Industry Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for I-Chiun 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.

I-Chiun Precision Industry Co Cyclically Adjusted PB Ratio Chart

I-Chiun 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 2.61 1.06 2.28 5.53 4.56

I-Chiun 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 4.33 3.71 3.92 4.56 6.34

TPE:2486 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, I-Chiun 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.


I-Chiun Precision Industry Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

* The bar in red indicates where I-Chiun Precision Industry Co's Cyclically Adjusted PB Ratio falls into.


TPE:2486
48GF Score
I-Chiun Precision Industry Co Ltd TPE:2486
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

I-Chiun 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.

I-Chiun Precision Industry Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=221.00/20.90
=10.57

* 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.

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

For example, I-Chiun 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)
=22.544/330.2130*330.2130
=22.544

Current CPI (Mar. 2026) = 330.2130.

I-Chiun Precision Industry Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 17.741 241.018 24.307
201609 17.502 241.428 23.938
201612 17.353 241.432 23.734
201703 16.412 243.801 22.229
201706 16.626 244.955 22.413
201709 16.562 246.819 22.158
201712 16.353 246.524 21.904
201803 16.347 249.554 21.631
201806 16.338 251.989 21.410
201809 15.718 252.439 20.561
201812 15.592 251.233 20.494
201903 15.508 254.202 20.145
201906 15.467 256.143 19.940
201909 14.879 256.759 19.136
201912 14.355 256.974 18.446
202003 13.893 258.115 17.774
202006 13.812 257.797 17.692
202009 13.898 260.280 17.632
202012 13.715 260.474 17.387
202103 14.044 264.877 17.508
202106 14.619 271.696 17.768
202109 18.006 274.310 21.676
202112 18.162 278.802 21.511
202203 18.614 287.504 21.379
202206 18.202 296.311 20.285
202209 18.448 296.808 20.524
202212 18.254 296.797 20.309
202303 18.361 301.836 20.087
202306 18.092 305.109 19.581
202309 18.785 307.789 20.154
202312 18.841 306.746 20.282
202403 19.247 312.332 20.349
202406 21.894 314.175 23.012
202409 22.195 315.301 23.245
202412 22.262 315.605 23.292
202503 22.006 319.799 22.723
202506 21.211 322.561 21.714
202509 21.966 324.800 22.332
202512 22.558 324.054 22.987
202603 22.544 330.213 22.544

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 10.57 mean?
I-Chiun Precision Industry Co (TPE:2486) has a Cyclically Adjusted PB Ratio of 10.57 as of Aug. 05, 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 I-Chiun Precision Industry Co and its competitors. This is 368% above median its historical median of 2.26. Over the past decade, I-Chiun Precision Industry Co's Cyclically Adjusted PB Ratio has ranged from 0.27 to 13.47. According to the industry distribution chart, I-Chiun Precision Industry Co ranks #1815 out of 1968 companies in the Hardware industry, placing it in the top 92.2%.
Is I-Chiun Precision Industry Co's Cyclically Adjusted PB Ratio too high?
I-Chiun Precision Industry Co's current Cyclically Adjusted PB Ratio of 10.57 is 368% above median its 10-year median of 2.26. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 13.47. The Hardware industry median Cyclically Adjusted PB Ratio is 2.00. I-Chiun Precision Industry Co's value of 10.57 is 428.5% above this industry median. Based on the distribution chart, I-Chiun Precision Industry Co ranks #1815 out of 1968 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, I-Chiun Precision Industry Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does I-Chiun Precision Industry Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, I-Chiun Precision Industry Co ranks #1815 out of 1968 companies for Cyclically Adjusted PB Ratio. This places I-Chiun Precision Industry Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.00. I-Chiun Precision Industry Co's value of 10.57 is 428.5% above this benchmark. Historically, I-Chiun Precision Industry Co's own Cyclically Adjusted PB Ratio has ranged from 0.27 to 13.47 over the past decade. While the company's 10-year median is 2.26 vs. the industry median of 2.00, I-Chiun Precision Industry Co has consistently been above 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 a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.00, based on 1,968 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. I-Chiun Precision Industry Co's current Cyclically Adjusted PB Ratio of 10.57 is 428.5% above 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 I-Chiun Precision Industry Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. I-Chiun Precision Industry Co's current Cyclically Adjusted PB Ratio is 10.57, which is 368% above median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is I-Chiun Precision Industry Co stock overvalued right now?
Based on GuruFocus' analysis, I-Chiun Precision Industry Co (TPE:2486) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$91.25, compared to a current price of NT$221.00 — trading 142.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.57, which is 368% above median its 10-year median of 2.26 and 428.5% above the Hardware industry median of 2.00. I-Chiun Precision Industry Co's overall GF Score™ is 48/100 with 7 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 I-Chiun Precision Industry Co (TPE:2486), the current Cyclically Adjusted PB Ratio is 10.57 as of Aug. 05, 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 I-Chiun Precision Industry Co (TPE:2486) Overvalued in 2026?

Based on GuruFocus' analysis, I-Chiun Precision Industry Co stock appears to be overvalued. The current stock price of NT$221.00 is trading 142.2% above its estimated GF Value™ of NT$91.25. GuruFocus considers I-Chiun Precision Industry Co to be Significantly Overvalued.

Key valuation signals for TPE:2486:

  • Cyclically Adjusted PB Ratio: 10.57 (368% above median its 10-year median of 2.26)
  • GF Value™: NT$91.25 vs. price of NT$221.00 (142.2% above fair value)
  • GF Score™: 48/100 with 7 warning signs
  • Industry Position: 428.5% above the Hardware median (#1815 of 1968)

No single metric tells the full story. See the TPE:2486 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


I-Chiun Precision Industry Co Business Description

Address No. 28, Xinzhi 8th Road, Xinzhuang District, New Taipei, TWN, 24890
I-Chiun Precision Industry Co Ltd is mainly engaged in the manufacturing, processing, and trading of machinery and parts, electronic parts, parts for appliances, semiconductor LED lead frames, precision molds, etc., as well as relevant import and export trade, and real estate leasing business. The Geographical presence of the company in China, Taiwan, and Other countries. The majority of its revenue is generated from China.
48GF Score

Get the complete analysis for TPE:2486

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

NT$221.00
Price
NT$91.25
GF Value