Fsp Technology (TPE:3015) Cyclically Adjusted PB Ratio: (As of Aug. 04, 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.
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:3015 Fsp Technology Inc TPE:3015
68 GF Score
Price NT$56.30
GF Value NT$55.38
Valuation Fairly Valued
! 6 Warning Signs
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What is Fsp Technology Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Fsp Technology  (TPE:3015) 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.


Fsp Technology Cyclically Adjusted PB Ratio Related Terms


Fsp Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Fsp Technology'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.

Fsp Technology Cyclically Adjusted PB Ratio Chart

Fsp Technology 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 0.94 0.69 0.85 0.94 0.78

Fsp Technology 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 0.88 0.83 0.80 0.78 0.00

TPE:3015 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Fsp Technology'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.


Fsp Technology Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TPE:3015
68GF Score
Fsp Technology Inc TPE:3015
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Fsp Technology 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.

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

For example, Fsp Technology'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)
=62.785/330.2130*330.2130
=62.785

Current CPI (Mar. 2026) = 330.2130.

Fsp Technology Quarterly Data

Book Value per Share CPI Adj_Book
201606 41.583 241.018 56.972
201609 43.660 241.428 59.716
201612 42.238 241.432 57.770
201703 40.664 243.801 55.077
201706 41.908 244.955 56.494
201709 43.589 246.819 58.317
201712 42.429 246.524 56.833
201803 43.403 249.554 57.431
201806 41.011 251.989 53.742
201809 41.632 252.439 54.458
201812 41.579 251.233 54.650
201903 43.157 254.202 56.062
201906 43.502 256.143 56.082
201909 43.745 256.759 56.260
201912 45.691 256.974 58.713
202003 43.722 258.115 55.935
202006 49.033 257.797 62.807
202009 55.514 260.280 70.430
202012 59.728 260.474 75.720
202103 60.277 264.877 75.145
202106 63.218 271.696 76.834
202109 72.763 274.310 87.592
202112 70.562 278.802 83.574
202203 69.868 287.504 80.247
202206 66.543 296.311 74.156
202209 67.692 296.808 75.311
202212 71.180 296.797 79.194
202303 71.921 301.836 78.683
202306 77.902 305.109 84.312
202309 73.529 307.789 78.886
202312 76.190 306.746 82.019
202403 75.696 312.332 80.030
202406 84.696 314.175 89.020
202409 85.689 315.301 89.742
202412 82.482 315.605 86.300
202503 73.100 319.799 75.480
202506 69.190 322.561 70.831
202509 66.420 324.800 67.527
202512 66.891 324.054 68.162
202603 62.785 330.213 62.785

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 Fsp Technology (TPE:3015) Overvalued in 2026?

Based on GuruFocus' analysis, Fsp Technology stock appears to be overvalued. The current stock price of NT$56.30 is trading 1.7% above its estimated GF Value™ of NT$55.38. GuruFocus considers Fsp Technology to be Fairly Valued.

Key valuation signals for TPE:3015:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$55.38 vs. price of NT$56.30 (1.7% above fair value)
  • GF Score™: 68/100 with 6 warning signs

No single metric tells the full story. See the TPE:3015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fsp Technology Business Description

Address No.22, Jianguo East Road, Taoyuan District, Taoyuan City, TWN, 330
Fsp Technology Inc is a Taiwan-based power supply manufacturer. The company is mainly engaged in the manufacturing, processing and trading of power supplies and various electronic components. Its product portfolio comprises PC PSU, adapter, open frame, IPC PSU, medical PSU, PV inverter, UPS, and energy storage system. The company has an operational footprint across Taiwan, China, the United States of America, Germany, and other countries.
68GF Score

Get the complete analysis for TPE:3015

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

NT$56.30
Price
NT$55.38
GF Value