Asrock (TPE:3515) 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:3515 Asrock Inc TPE:3515
86 GF Score
Price NT$198.50
GF Value NT$544.42
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Asrock Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Asrock  (TPE:3515) 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.


Asrock Cyclically Adjusted PB Ratio Related Terms


Asrock Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Asrock'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.

Asrock Cyclically Adjusted PB Ratio Chart

Asrock 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 4.79 2.28 4.04 3.53 3.62

Asrock 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 2.78 4.07 4.11 3.62 0.00

TPE:3515 vs DELL, ANET, SNDK: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, Asrock'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.


Asrock Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:3515
86GF Score
Asrock Inc TPE:3515
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asrock 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.

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

For example, Asrock'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)
=90.655/330.2130*330.2130
=90.655

Current CPI (Mar. 2026) = 330.2130.

Asrock Quarterly Data

Book Value per Share CPI Adj_Book
201606 48.568 241.018 66.542
201609 48.076 241.428 65.756
201612 49.186 241.432 67.273
201703 47.912 243.801 64.894
201706 46.823 244.955 63.120
201709 46.606 246.819 62.353
201712 47.389 246.524 63.476
201803 48.632 249.554 64.350
201806 48.003 251.989 62.904
201809 49.487 252.439 64.733
201812 50.666 251.233 66.594
201903 51.806 254.202 67.297
201906 49.060 256.143 63.247
201909 50.829 256.759 65.370
201912 51.368 256.974 66.008
202003 49.270 258.115 63.032
202006 51.477 257.797 65.937
202009 54.926 260.280 69.684
202012 57.205 260.474 72.521
202103 53.392 264.877 66.562
202106 59.253 271.696 72.015
202109 62.698 274.310 75.476
202112 67.286 278.802 79.694
202203 60.622 287.504 69.627
202206 64.145 296.311 71.484
202209 67.841 296.808 75.476
202212 67.155 296.797 74.716
202303 60.010 301.836 65.652
202306 62.195 305.109 67.312
202309 65.900 307.789 70.701
202312 66.780 306.746 71.889
202403 63.898 312.332 67.556
202406 66.597 314.175 69.997
202409 67.694 315.301 70.896
202412 75.255 315.605 78.738
202503 74.495 319.799 76.921
202506 73.136 322.561 74.871
202509 79.391 324.800 80.714
202512 97.042 324.054 98.886
202603 90.655 330.213 90.655

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 Asrock (TPE:3515) Overvalued in 2026?

Based on GuruFocus' analysis, Asrock stock appears to be undervalued. The current stock price of NT$198.50 is trading 63.5% below its estimated GF Value™ of NT$544.42. GuruFocus considers Asrock to be Possible Value Trap.

Key valuation signals for TPE:3515:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$544.42 vs. price of NT$198.50 (63.5% below fair value)
  • GF Score™: 86/100 with 3 warning signs

No single metric tells the full story. See the TPE:3515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asrock Business Description

Address No.37, Section 2, Jhongyang South Road, 2nd Floor, Beitou District, Taipei City, TWN, 112
Asrock Inc specializes in the sales of motherboards and related product development and design. Its product offerings comprise motherboards, graphics cards, gaming monitors, mini PCs, industrial PCs, and servers/WS. The company generates maximum revenue from Asia and has a presence in Europe, America, and other regions.
86GF Score

Get the complete analysis for TPE:3515

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

NT$198.50
Price
NT$544.42
GF Value