Spirox (TPE:3055) Cyclically Adjusted PB Ratio: 3.27 (As of Aug. 03, 2026) — 166% Above Median

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TPE:3055 Spirox Corp TPE:3055
52 GF Score
Price NT$90.40
GF Value NT$28.42
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Spirox Cyclically Adjusted PB Ratio?

Spirox TPE:3055 -3.00% 52 Cyclically Adjusted PB Ratio is 3.27 as of Aug. 03, 2026, which is 166% above its 10-year median of 1.23. GuruFocus rates TPE:3055 with a GF Score™ of 52/100 and a GF Value™ of NT$28.42 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 731 Semiconductors companies, Spirox ranks worse than 64.3% on this metric.

As of today (2026-08-03), Spirox's current share price is NT$90.40. Spirox's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$27.67. Spirox's Cyclically Adjusted PB Ratio for today is 3.27.

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

TPE:3055' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.83   Med: 1.23   Max: 5.89
Current: 4.9

During the past years, Spirox's highest Cyclically Adjusted PB Ratio was 5.89. The lowest was 0.83. And the median was 1.23.

TPE:3055's Cyclically Adjusted PB Ratio is ranked worse than
64.3% of 731 companies
in the Semiconductors industry
Industry Median: 3.1 vs TPE:3055: 4.90

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.

Spirox's adjusted book value per share data for the three months ended in Dec. 2025 was NT$14.621. 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$27.67 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Spirox  (TPE:3055) 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.


Spirox Cyclically Adjusted PB Ratio Related Terms


Spirox Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Spirox'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.

Spirox Cyclically Adjusted PB Ratio Chart

Spirox 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 1.06 0.85 1.35 2.17 2.81

Spirox Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 2.17 2.23 2.22 1.94 2.81

TPE:3055 vs AMAT, LRCX, KLAC: Cyclically Adjusted PB Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Spirox'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.


Spirox Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


TPE:3055
52GF Score
Spirox Corp TPE:3055
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spirox 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.

Spirox's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=90.40/27.67
=3.27

* 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.

Spirox's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Spirox's adjusted Book Value per Share data for the three months ended in Dec. 2025 was:

Adj_Book=Book Value per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=14.621/324.0540*324.0540
=14.621

Current CPI (Dec. 2025) = 324.0540.

Spirox Quarterly Data

Book Value per Share CPI Adj_Book
201603 28.675 238.132 39.021
201606 27.730 241.018 37.284
201609 25.199 241.428 33.823
201612 25.194 241.432 33.816
201703 26.140 243.801 34.745
201706 24.095 244.955 31.876
201709 25.807 246.819 33.883
201712 25.841 246.524 33.968
201803 27.279 249.554 35.423
201806 25.703 251.989 33.054
201809 25.755 252.439 33.061
201812 25.952 251.233 33.474
201903 26.385 254.202 33.635
201906 25.273 256.143 31.974
201909 24.531 256.759 30.960
201912 24.577 256.974 30.993
202003 24.192 258.115 30.372
202006 23.719 257.797 29.815
202009 23.889 260.280 29.742
202012 23.770 260.474 29.572
202103 23.223 264.877 28.411
202106 22.105 271.696 26.365
202109 20.598 274.310 24.333
202112 20.760 278.802 24.130
202203 21.359 287.504 24.074
202206 22.783 296.311 24.916
202209 23.928 296.808 26.125
202212 24.503 296.797 26.753
202303 24.172 301.836 25.951
202306 22.830 305.109 24.248
202309 22.079 307.789 23.246
202312 22.074 306.746 23.320
202403 20.880 312.332 21.664
202406 19.496 314.175 20.109
202409 19.077 315.301 19.607
202412 18.440 315.605 18.934
202503 18.228 319.799 18.471
202506 15.509 322.561 15.581
202509 15.585 324.800 15.549
202512 14.621 324.054 14.621

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 3.27 mean?
Spirox (TPE:3055) has a Cyclically Adjusted PB Ratio of 3.27 as of Aug. 03, 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 Spirox and its competitors. This is 166% above median its historical median of 1.23. Over the past decade, Spirox's Cyclically Adjusted PB Ratio has ranged from 0.83 to 5.89. According to the industry distribution chart, Spirox ranks #470 out of 731 companies in the Semiconductors industry, placing it in the top 64.3%.
Is Spirox's Cyclically Adjusted PB Ratio too high?
Spirox's current Cyclically Adjusted PB Ratio of 3.27 is 166% above median its 10-year median of 1.23. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 5.89. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.10. Spirox's value of 3.27 is 5.5% above this industry median. Based on the distribution chart, Spirox ranks #470 out of 731 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Spirox has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spirox's Cyclically Adjusted PB Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Spirox ranks #470 out of 731 companies for Cyclically Adjusted PB Ratio. This places Spirox in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.10. Spirox's value of 3.27 is 5.5% above this benchmark. Historically, Spirox's own Cyclically Adjusted PB Ratio has ranged from 0.83 to 5.89 over the past decade. While the company's 10-year median is 1.23 vs. the industry median of 3.10, Spirox 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.10, based on 731 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. Spirox's current Cyclically Adjusted PB Ratio of 3.27 is 5.5% 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 Spirox and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spirox's current Cyclically Adjusted PB Ratio is 3.27, which is 166% above median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spirox stock overvalued right now?
Based on GuruFocus' analysis, Spirox (TPE:3055) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$28.42, compared to a current price of NT$90.40 — trading 218.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.27, which is 166% above median its 10-year median of 1.23 and 5.5% above the Semiconductors industry median of 3.10. Spirox's overall GF Score™ is 52/100 with 5 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 Spirox (TPE:3055), the current Cyclically Adjusted PB Ratio is 3.27 as of Aug. 03, 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 Spirox (TPE:3055) Overvalued in 2026?

Based on GuruFocus' analysis, Spirox stock appears to be overvalued. The current stock price of NT$90.40 is trading 218.1% above its estimated GF Value™ of NT$28.42. GuruFocus considers Spirox to be Significantly Overvalued.

Key valuation signals for TPE:3055:

  • Cyclically Adjusted PB Ratio: 3.27 (166% above median its 10-year median of 1.23)
  • GF Value™: NT$28.42 vs. price of NT$90.40 (218.1% above fair value)
  • GF Score™: 52/100 with 5 warning signs
  • Industry Position: 5.5% above the Semiconductors median (#470 of 731)

No single metric tells the full story. See the TPE:3055 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spirox Business Description

Address No. 95, Shuiyuan Street, Hsinchu City, TWN, 30069
Spirox Corp is engaged in providing integrated solutions and services for the high-tech industry. The products offered by the company include test machines, classifiers, test stand and test interfaces, and failure analysis systems.
52GF Score

Get the complete analysis for TPE:3055

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

NT$90.40
Price
NT$28.42
GF Value