Auden Techno (TPE:3138) Cyclically Adjusted PB Ratio: 2.75 (As of Sep. 16, 2026) — 34% Below 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:3138 Auden Techno Corp TPE:3138
78 GF Score
Price NT$86.50
GF Value NT$119.68
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Auden Techno Cyclically Adjusted PB Ratio?

Auden Techno TPE:3138 -1.26% 78 Cyclically Adjusted PB Ratio is 2.75 as of Sep. 16, 2026, which is 34% below its 10-year median of 4.19. GuruFocus rates TPE:3138 with a GF Score™ of 78/100 and a GF Value™ of NT$119.68 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,928 Hardware companies, Auden Techno ranks worse than 62.66% on this metric.

As of today (2026-09-16), Auden Techno's current share price is NT$86.50. Auden Techno's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$31.44. Auden Techno's Cyclically Adjusted PB Ratio for today is 2.75.

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

TPE:3138' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.77   Med: 4.19   Max: 6.94
Current: 2.87

During the past years, Auden Techno's highest Cyclically Adjusted PB Ratio was 6.94. The lowest was 2.77. And the median was 4.19.

TPE:3138's Cyclically Adjusted PB Ratio is ranked worse than
62.66% of 1928 companies
in the Hardware industry
Industry Median: 2.05 vs TPE:3138: 2.87

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.

Auden Techno's adjusted book value per share data for the three months ended in Jun. 2026 was NT$48.715. 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$31.44 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Auden Techno  (TPE:3138) 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.


Auden Techno Cyclically Adjusted PB Ratio Related Terms


Auden Techno Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Auden Techno'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.

Auden Techno Cyclically Adjusted PB Ratio Chart

Auden Techno 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 11.82 5.88 6.24 4.05 3.54

Auden Techno Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.96 3.35 3.54 5.39 3.85

TPE:3138 vs CSCO, MSI, LITE: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Auden Techno'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.


Auden Techno Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:3138
78GF Score
Auden Techno Corp TPE:3138
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Auden Techno 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.

Auden Techno's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=86.50/31.435
=2.75

* 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.

Auden Techno's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Auden Techno's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=48.715/333.9520*333.9520
=48.715

Current CPI (Jun. 2026) = 333.9520.

Auden Techno Quarterly Data

Book Value per Share CPI Adj_Book
201306 12.260 233.504 17.534
201312 12.625 233.049 18.091
201406 13.174 238.343 18.459
201412 14.071 234.812 20.012
201506 14.120 238.638 19.760
201512 14.934 236.525 21.085
201606 14.088 241.018 19.520
201612 14.536 241.432 20.106
201706 13.698 244.955 18.675
201712 14.363 246.524 19.457
201806 15.523 251.989 20.572
201812 16.033 251.233 21.312
201906 16.264 256.143 21.205
201912 16.801 256.974 21.834
202003 16.802 258.115 21.739
202006 16.728 257.797 21.670
202009 18.246 260.280 23.411
202012 24.438 260.474 31.332
202103 23.255 264.877 29.319
202106 24.569 271.696 30.199
202109 27.488 274.310 33.465
202112 29.103 278.802 34.860
202203 29.033 287.504 33.723
202206 29.616 296.311 33.378
202209 31.495 296.808 35.436
202212 33.902 296.797 38.146
202303 31.596 301.836 34.958
202306 32.573 305.109 35.652
202309 34.607 307.789 37.549
202312 35.623 306.746 38.782
202403 40.001 312.332 42.770
202406 40.940 314.175 43.517
202409 42.088 315.301 44.578
202412 43.184 315.605 45.694
202503 45.063 319.799 47.057
202506 38.932 322.561 40.307
202509 39.825 324.800 40.947
202512 41.554 324.054 42.823
202603 47.842 330.213 48.384
202606 48.715 333.952 48.715

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 2.75 mean?
Auden Techno (TPE:3138) has a Cyclically Adjusted PB Ratio of 2.75 as of Sep. 16, 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 Auden Techno and its competitors. This is 34% below median its historical median of 4.19. Over the past decade, Auden Techno's Cyclically Adjusted PB Ratio has ranged from 2.77 to 6.94. According to the industry distribution chart, Auden Techno ranks #1208 out of 1928 companies in the Hardware industry, placing it in the top 62.7%.
Is Auden Techno's Cyclically Adjusted PB Ratio too high?
Auden Techno's current Cyclically Adjusted PB Ratio of 2.75 is 34% below median its 10-year median of 4.19. Over the past 10 years, this metric has ranged from a low of 2.77 to a high of 6.94. The Hardware industry median Cyclically Adjusted PB Ratio is 2.05. Auden Techno's value of 2.75 is 34.1% above this industry median. Based on the distribution chart, Auden Techno ranks #1208 out of 1928 companies in the Hardware industry, which is below the industry midpoint. Overall, Auden Techno has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Auden Techno's Cyclically Adjusted PB Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Auden Techno ranks #1208 out of 1928 companies for Cyclically Adjusted PB Ratio. This places Auden Techno in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.05. Auden Techno's value of 2.75 is 34.1% above this benchmark. Historically, Auden Techno's own Cyclically Adjusted PB Ratio has ranged from 2.77 to 6.94 over the past decade. While the company's 10-year median is 4.19 vs. the industry median of 2.05, Auden Techno 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 2.05, based on 1,928 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. Auden Techno's current Cyclically Adjusted PB Ratio of 2.75 is 34.1% 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 Auden Techno and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Auden Techno's current Cyclically Adjusted PB Ratio is 2.75, which is 34% below median its own 10-year median of 4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auden Techno stock overvalued right now?
Based on GuruFocus' analysis, Auden Techno (TPE:3138) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$119.68, compared to a current price of NT$86.50 — trading 27.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.75, which is 34% below median its 10-year median of 4.19 and 34.1% above the Hardware industry median of 2.05. Auden Techno's overall GF Score™ is 78/100 with 6 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 Auden Techno (TPE:3138), the current Cyclically Adjusted PB Ratio is 2.75 as of Sep. 16, 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 Auden Techno (TPE:3138) Overvalued in 2026?

Based on GuruFocus' analysis, Auden Techno stock appears to be undervalued. The current stock price of NT$86.50 is trading 27.7% below its estimated GF Value™ of NT$119.68. GuruFocus considers Auden Techno to be Modestly Undervalued.

Key valuation signals for TPE:3138:

  • Cyclically Adjusted PB Ratio: 2.75 (34% below median its 10-year median of 4.19)
  • GF Value™: NT$119.68 vs. price of NT$86.50 (27.7% below fair value)
  • GF Score™: 78/100 with 6 warning signs
  • Industry Position: 34.1% above the Hardware median (#1208 of 1928)

No single metric tells the full story. See the TPE:3138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Auden Techno Business Description

Address No 19, Lane 772, Heping Road, Bade District, Taoyuan City, TWN, 334
Auden Techno Corp is engaged in the design and manufacture of wired and wireless antennas, the performance verification and testing of communications products, and the trading agency of precision instruments. The company's revenue is mainly generated from three segments: RFID antennas, which generate the maximum revenue; measuring equipment; and testing and certification. The Company operates in Taiwan, which generates the maximum revenue, Mainland China, and Vietnam.
78GF Score

Get the complete analysis for TPE:3138

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

NT$86.50
Price
NT$119.68
GF Value