Winmate (TPE:3416) Cyclically Adjusted PB Ratio: 4.64 (As of Sep. 03, 2026) — 50% Above Median

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Director of Data and Quant Analytics at GuruFocus
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TPE:3416 Winmate Inc TPE:3416
95 GF Score
Price NT$172.50
GF Value NT$199.20
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Winmate Cyclically Adjusted PB Ratio?

Winmate TPE:3416 -2.54% 95 Cyclically Adjusted PB Ratio is 4.64 as of Sep. 03, 2026, which is 50% above its 10-year median of 3.09. GuruFocus rates TPE:3416 with a GF Score™ of 95/100 and a GF Value™ of NT$199.20 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,928 Hardware companies, Winmate ranks worse than 77.07% on this metric.

As of today (2026-09-03), Winmate's current share price is NT$172.50. Winmate's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$37.15. Winmate's Cyclically Adjusted PB Ratio for today is 4.64.

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

TPE:3416' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.87   Med: 3.09   Max: 5.31
Current: 4.64

During the past years, Winmate's highest Cyclically Adjusted PB Ratio was 5.31. The lowest was 1.87. And the median was 3.09.

TPE:3416's Cyclically Adjusted PB Ratio is ranked worse than
77.07% of 1928 companies
in the Hardware industry
Industry Median: 2.08 vs TPE:3416: 4.64

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.

Winmate's adjusted book value per share data for the three months ended in Jun. 2026 was NT$42.283. 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$37.15 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Winmate  (TPE:3416) 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.


Winmate Cyclically Adjusted PB Ratio Related Terms


Winmate Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Winmate'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.

Winmate Cyclically Adjusted PB Ratio Chart

Winmate 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 2.62 2.54 3.54 4.43 3.98

Winmate 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 3.61 4.76 3.98 3.73 4.55

TPE:3416 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Winmate'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.


Winmate Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:3416
95GF Score
Winmate Inc TPE:3416
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Winmate 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=172.50/37.15
=4.64

* 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.

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

For example, Winmate'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)
=42.283/333.9520*333.9520
=42.283

Current CPI (Jun. 2026) = 333.9520.

Winmate Quarterly Data

Book Value per Share CPI Adj_Book
201609 25.088 241.428 34.703
201612 25.663 241.432 35.497
201703 26.095 243.801 35.744
201706 23.688 244.955 32.294
201709 24.166 246.819 32.697
201712 27.797 246.524 37.655
201803 27.963 249.554 37.420
201806 26.260 251.989 34.801
201809 26.762 252.439 35.403
201812 27.670 251.233 36.780
201903 28.441 254.202 37.364
201906 27.023 256.143 35.232
201909 27.816 256.759 36.179
201912 28.495 256.974 37.031
202003 28.984 258.115 37.500
202006 27.020 257.797 35.002
202009 28.143 260.280 36.109
202012 28.988 260.474 37.165
202103 30.211 264.877 38.089
202106 27.718 271.696 34.069
202109 28.992 274.310 35.296
202112 30.053 278.802 35.998
202203 31.407 287.504 36.481
202206 28.762 296.311 32.416
202209 31.016 296.808 34.897
202212 33.310 296.797 37.480
202303 32.920 301.836 36.423
202306 34.117 305.109 37.342
202309 36.517 307.789 39.621
202312 37.346 306.746 40.658
202403 35.697 312.332 38.168
202406 36.804 314.175 39.121
202409 38.569 315.301 40.850
202412 40.049 315.605 42.377
202503 36.369 319.799 37.979
202506 37.326 322.561 38.644
202509 40.263 324.800 41.398
202512 41.851 324.054 43.129
202603 38.423 330.213 38.858
202606 42.283 333.952 42.283

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 4.64 mean?
Winmate (TPE:3416) has a Cyclically Adjusted PB Ratio of 4.64 as of Sep. 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 Winmate and its competitors. This is 50% above median its historical median of 3.09. Over the past decade, Winmate's Cyclically Adjusted PB Ratio has ranged from 1.87 to 5.31. According to the industry distribution chart, Winmate ranks #1486 out of 1928 companies in the Hardware industry, placing it in the top 77.1%.
Is Winmate's Cyclically Adjusted PB Ratio too high?
Winmate's current Cyclically Adjusted PB Ratio of 4.64 is 50% above median its 10-year median of 3.09. Over the past 10 years, this metric has ranged from a low of 1.87 to a high of 5.31. The Hardware industry median Cyclically Adjusted PB Ratio is 2.08. Winmate's value of 4.64 is 123.1% above this industry median. Based on the distribution chart, Winmate ranks #1486 out of 1928 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Winmate has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Winmate's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Winmate ranks #1486 out of 1928 companies for Cyclically Adjusted PB Ratio. This places Winmate in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.08. Winmate's value of 4.64 is 123.1% above this benchmark. Historically, Winmate's own Cyclically Adjusted PB Ratio has ranged from 1.87 to 5.31 over the past decade. While the company's 10-year median is 3.09 vs. the industry median of 2.08, Winmate 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 2.08, 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. Winmate's current Cyclically Adjusted PB Ratio of 4.64 is 123.1% 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 Winmate and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winmate's current Cyclically Adjusted PB Ratio is 4.64, which is 50% above median its own 10-year median of 3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winmate stock overvalued right now?
Based on GuruFocus' analysis, Winmate (TPE:3416) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$199.20, compared to a current price of NT$172.50 — trading 13.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 4.64, which is 50% above median its 10-year median of 3.09 and 123.1% above the Hardware industry median of 2.08. Winmate's overall GF Score™ is 95/100 with 4 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 Winmate (TPE:3416), the current Cyclically Adjusted PB Ratio is 4.64 as of Sep. 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 Winmate (TPE:3416) Overvalued in 2026?

Based on GuruFocus' analysis, Winmate stock appears to be undervalued. The current stock price of NT$172.50 is trading 13.4% below its estimated GF Value™ of NT$199.20. GuruFocus considers Winmate to be Modestly Undervalued.

Key valuation signals for TPE:3416:

  • Cyclically Adjusted PB Ratio: 4.64 (50% above median its 10-year median of 3.09)
  • GF Value™: NT$199.20 vs. price of NT$172.50 (13.4% below fair value)
  • GF Score™: 95/100 with 4 warning signs
  • Industry Position: 123.1% above the Hardware median (#1486 of 1928)

No single metric tells the full story. See the TPE:3416 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Winmate Business Description

Address No. 18, Zhongxing South Street, Sanchong District, New Taipei City, TWN, 241017
Winmate Inc provides industry display solutions. The company is engaged in the R&D, manufacturing, sales, and import and export of Rugged Displays, Rugged Mobile Computers, Digital Signage equipment modules, and other related products. Geographically, the company generates maximum revenue from Europe, and the rest from Asia, America, and other regions.
95GF Score

Get the complete analysis for TPE:3416

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

NT$172.50
Price
NT$199.20
GF Value