Paragon Technologies Co (TPE:3518) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:3518 Paragon Technologies Co Ltd TPE:3518
61 GF Score
Price NT$30.90
GF Value NT$18.65
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Paragon Technologies Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Paragon Technologies Co  (TPE:3518) 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.


Paragon Technologies Co Cyclically Adjusted PB Ratio Related Terms


Paragon Technologies Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Paragon Technologies Co'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.

Paragon Technologies Co Cyclically Adjusted PB Ratio Chart

Paragon Technologies Co 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 0.74 0.60 1.23 1.00 0.94

Paragon Technologies Co 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 0.62 0.90 0.89 0.85 1.30

TPE:3518 vs GEV, ETN, PH: Cyclically Adjusted PB Ratio Comparison

For the Specialty Industrial Machinery subindustry, Paragon Technologies Co'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.


Paragon Technologies Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Paragon Technologies Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:3518
61GF Score
Paragon Technologies Co Ltd TPE:3518
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paragon Technologies Co 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.

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

For example, Paragon Technologies Co'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)
=16.652/333.9520*333.9520
=16.652

Current CPI (Jun. 2026) = 333.9520.

Paragon Technologies Co Quarterly Data

Book Value per Share CPI Adj_Book
201609 30.798 241.428 42.601
201612 28.704 241.432 39.704
201703 26.798 243.801 36.707
201706 26.197 244.955 35.715
201709 25.782 246.819 34.884
201712 25.070 246.524 33.961
201803 24.416 249.554 32.673
201806 23.288 251.989 30.863
201809 21.495 252.439 28.436
201812 20.539 251.233 27.302
201903 20.785 254.202 27.306
201906 20.136 256.143 26.253
201909 18.993 256.759 24.703
201912 17.516 256.974 22.763
202003 16.834 258.115 21.780
202006 16.557 257.797 21.448
202009 16.759 260.280 21.503
202012 17.065 260.474 21.879
202103 16.932 264.877 21.348
202106 16.965 271.696 20.852
202109 16.969 274.310 20.658
202112 17.524 278.802 20.990
202203 18.142 287.504 21.073
202206 16.870 296.311 19.013
202209 17.805 296.808 20.033
202212 18.055 296.797 20.315
202303 18.183 301.836 20.118
202306 17.324 305.109 18.962
202309 15.585 307.789 16.910
202312 14.277 306.746 15.543
202403 13.952 312.332 14.918
202406 13.864 314.175 14.737
202409 15.477 315.301 16.393
202412 15.002 315.605 15.874
202503 14.248 319.799 14.879
202506 13.458 322.561 13.933
202509 13.567 324.800 13.949
202512 13.638 324.054 14.055
202603 16.604 330.213 16.792
202606 16.652 333.952 16.652

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 Paragon Technologies Co (TPE:3518) Overvalued in 2026?

Based on GuruFocus' analysis, Paragon Technologies Co stock appears to be overvalued. The current stock price of NT$30.90 is trading 65.7% above its estimated GF Value™ of NT$18.65. GuruFocus considers Paragon Technologies Co to be Significantly Overvalued.

Key valuation signals for TPE:3518:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$18.65 vs. price of NT$30.90 (65.7% above fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the TPE:3518 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Paragon Technologies Co Business Description

Address Lane 108, Nanshan Road, No. 2, Section 1, Luzhu District, Taoyuan, TWN, 338
Paragon Technologies Co Ltd is engaged in manufacturing EMI, optoelectronic, and optical film, and research, development, manufacturing, processing, and trading of machinery, equipment, and components. The company's reportable segments are as follows: the PVD Coating Products Department and the Silicon Carbide Products Department. The majority of the company's revenue is derived from the PVD Coating Products Department, which generates revenue from the sputter coating of electronic components according to the specifications agreed upon between the customers and the company. Geographically, key revenue for the company is derived from Mainland China and the rest from Taiwan.
61GF Score

Get the complete analysis for TPE:3518

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

NT$30.90
Price
NT$18.65
GF Value