IEI Integration (TPE:3022) Cyclically Adjusted PB Ratio: 1.47 (As of Aug. 01, 2026) — 11% Above Median

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TPE:3022 IEI Integration Corp TPE:3022
81 GF Score
Price NT$85.00
GF Value NT$76.57
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is IEI Integration Cyclically Adjusted PB Ratio?

IEI Integration TPE:3022 +1.80% 81 Cyclically Adjusted PB Ratio is 1.47 as of Aug. 01, 2026, which is 11% above its 10-year median of 1.32. GuruFocus rates TPE:3022 with a GF Score™ of 81/100 and a GF Value™ of NT$76.57 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,974 Hardware companies, IEI Integration ranks better than 55.72% on this metric.

As of today (2026-08-01), IEI Integration's current share price is NT$85.00. IEI Integration's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$57.71. IEI Integration's Cyclically Adjusted PB Ratio for today is 1.47.

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

TPE:3022' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 1.32   Max: 1.99
Current: 1.63

During the past years, IEI Integration's highest Cyclically Adjusted PB Ratio was 1.99. The lowest was 0.70. And the median was 1.32.

TPE:3022's Cyclically Adjusted PB Ratio is ranked better than
55.72% of 1974 companies
in the Hardware industry
Industry Median: 1.99 vs TPE:3022: 1.63

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.

IEI Integration's adjusted book value per share data for the three months ended in Mar. 2026 was NT$65.067. 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$57.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IEI Integration  (TPE:3022) 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.


IEI Integration Cyclically Adjusted PB Ratio Related Terms


IEI Integration Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for IEI Integration'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.

IEI Integration Cyclically Adjusted PB Ratio Chart

IEI Integration 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 1.42 1.61 1.45 1.14

IEI Integration 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 1.61 1.39 1.17 1.14 1.05

TPE:3022 vs DELL, ANET, SNDK: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, IEI Integration'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.


IEI Integration Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:3022
81GF Score
IEI Integration Corp TPE:3022
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IEI Integration 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.

IEI Integration's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=85.00/57.71
=1.47

* 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.

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

For example, IEI Integration'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)
=65.067/330.2130*330.2130
=65.067

Current CPI (Mar. 2026) = 330.2130.

IEI Integration Quarterly Data

Book Value per Share CPI Adj_Book
201606 41.091 241.018 56.298
201609 42.204 241.428 57.724
201612 44.661 241.432 61.084
201703 45.444 243.801 61.551
201706 41.759 244.955 56.293
201709 43.139 246.819 57.715
201712 43.413 246.524 58.151
201803 43.917 249.554 58.112
201806 44.572 251.989 58.408
201809 43.319 252.439 56.665
201812 44.515 251.233 58.509
201903 46.195 254.202 60.008
201906 44.731 256.143 57.666
201909 39.129 256.759 50.323
201912 38.245 256.974 49.145
202003 38.447 258.115 49.186
202006 38.951 257.797 49.892
202009 40.765 260.280 51.718
202012 42.997 260.474 54.509
202103 44.458 264.877 55.424
202106 45.165 271.696 54.892
202109 44.103 274.310 53.091
202112 45.507 278.802 53.898
202203 47.768 287.504 54.864
202206 46.484 296.311 51.802
202209 50.860 296.808 56.584
202212 52.277 296.797 58.163
202303 54.890 301.836 60.050
202306 53.444 305.109 57.841
202309 56.583 307.789 60.705
202312 57.135 306.746 61.506
202403 59.947 312.332 63.379
202406 57.975 314.175 60.935
202409 59.188 315.301 61.987
202412 62.539 315.605 65.434
202503 65.151 319.799 67.273
202506 56.690 322.561 58.035
202509 59.062 324.800 60.046
202512 63.366 324.054 64.570
202603 65.067 330.213 65.067

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 1.47 mean?
IEI Integration (TPE:3022) has a Cyclically Adjusted PB Ratio of 1.47 as of Aug. 01, 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 IEI Integration and its competitors. This is 11% above median its historical median of 1.32. Over the past decade, IEI Integration's Cyclically Adjusted PB Ratio has ranged from 0.70 to 1.99. According to the industry distribution chart, IEI Integration ranks #874 out of 1974 companies in the Hardware industry, placing it in the top 44.3%.
Is IEI Integration's Cyclically Adjusted PB Ratio too high?
IEI Integration's current Cyclically Adjusted PB Ratio of 1.47 is 11% above median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 1.99. The Hardware industry median Cyclically Adjusted PB Ratio is 1.99. IEI Integration's value of 1.47 is 26.1% below this industry median. Based on the distribution chart, IEI Integration ranks #874 out of 1974 companies in the Hardware industry, which is above the industry midpoint. Overall, IEI Integration has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IEI Integration's Cyclically Adjusted PB Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, IEI Integration ranks #874 out of 1974 companies for Cyclically Adjusted PB Ratio. This puts IEI Integration in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.99. IEI Integration's value of 1.47 is 26.1% below this benchmark. Historically, IEI Integration's own Cyclically Adjusted PB Ratio has ranged from 0.70 to 1.99 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.99, IEI Integration 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 a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 1.99, based on 1,974 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. IEI Integration's current Cyclically Adjusted PB Ratio of 1.47 is 26.1% 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 IEI Integration and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IEI Integration's current Cyclically Adjusted PB Ratio is 1.47, which is 11% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IEI Integration stock overvalued right now?
Based on GuruFocus' analysis, IEI Integration (TPE:3022) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$76.57, compared to a current price of NT$85.00 — trading 11% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.47, which is 11% above median its 10-year median of 1.32 and 26.1% below the Hardware industry median of 1.99. IEI Integration's overall GF Score™ is 81/100 with 9 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 IEI Integration (TPE:3022), the current Cyclically Adjusted PB Ratio is 1.47 as of Aug. 01, 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 IEI Integration (TPE:3022) Overvalued in 2026?

Based on GuruFocus' analysis, IEI Integration stock appears to be overvalued. The current stock price of NT$85.00 is trading 11% above its estimated GF Value™ of NT$76.57. GuruFocus considers IEI Integration to be Modestly Overvalued.

Key valuation signals for TPE:3022:

  • Cyclically Adjusted PB Ratio: 1.47 (11% above median its 10-year median of 1.32)
  • GF Value™: NT$76.57 vs. price of NT$85.00 (11% above fair value)
  • GF Score™: 81/100 with 9 warning signs
  • Industry Position: 26.1% below the Hardware median (#874 of 1974)

No single metric tells the full story. See the TPE:3022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IEI Integration Business Description

Address No. 29, Zhongxing Road, Xizhi District, New Taipei City, TWN, 221
IEI Integration Corp is engaged in the manufacturing and sales of computers, computer components and peripherals, and related trading. The company has three reportable segments: Order-taking, Design and Brand Sales; Product Manufacturing; and China Brand Sales, which offer different products and services. The Order-taking, Design and Brand Sales segment customizes product designs according to different customer needs, and operates brand channels for industrial computer products. The Product Manufacturing segment is engaged in OEM and branded product manufacturing. The China Brand Sales segment is responsible for brand marketing channels in Mainland China. The majority of revenue is derived from the Order-taking, Design, and Brand Sales segment.
81GF Score

Get the complete analysis for TPE:3022

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

NT$85.00
Price
NT$76.57
GF Value