Silicon Optronics (TPE:3530) Cyclically Adjusted PB Ratio: 1.93 (As of Jul. 22, 2026) — 35% Below Median

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TPE:3530 Silicon Optronics Inc TPE:3530
72 GF Score
Price NT$59.20
GF Value NT$83.64
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Silicon Optronics Cyclically Adjusted PB Ratio?

Silicon Optronics TPE:3530 +1.02% 72 Cyclically Adjusted PB Ratio is 1.93 as of Jul. 22, 2026, which is 35% below its 10-year median of 2.95. GuruFocus rates TPE:3530 with a GF Score™ of 72/100 and a GF Value™ of NT$83.64 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 735 Semiconductors companies, Silicon Optronics ranks better than 66.67% on this metric.

As of today (2026-07-22), Silicon Optronics's current share price is NT$59.20. Silicon Optronics's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$30.74. Silicon Optronics's Cyclically Adjusted PB Ratio for today is 1.93.

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

TPE:3530' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.84   Med: 2.95   Max: 5.31
Current: 1.85

During the past years, Silicon Optronics's highest Cyclically Adjusted PB Ratio was 5.31. The lowest was 1.84. And the median was 2.95.

TPE:3530's Cyclically Adjusted PB Ratio is ranked better than
66.67% of 735 companies
in the Semiconductors industry
Industry Median: 3.18 vs TPE:3530: 1.85

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.

Silicon Optronics's adjusted book value per share data for the three months ended in Dec. 2025 was NT$31.638. 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$30.74 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Silicon Optronics  (TPE:3530) 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.


Silicon Optronics Cyclically Adjusted PB Ratio Related Terms


Silicon Optronics Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Silicon Optronics'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.

Silicon Optronics Cyclically Adjusted PB Ratio Chart

Silicon Optronics 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 0.00 0.00 4.01 3.24 2.37

Silicon Optronics 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 3.24 2.28 2.05 2.13 2.37

TPE:3530 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Silicon Optronics'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.


Silicon Optronics Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


TPE:3530
72GF Score
Silicon Optronics Inc TPE:3530
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Silicon Optronics 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.

Silicon Optronics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=59.20/30.74
=1.93

* 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.

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

For example, Silicon Optronics'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)
=31.638/324.0540*324.0540
=31.638

Current CPI (Dec. 2025) = 324.0540.

Silicon Optronics Quarterly Data

Book Value per Share CPI Adj_Book
201506 9.192 238.638 12.482
201512 10.505 236.525 14.393
201606 11.539 241.018 15.514
201612 12.595 241.432 16.905
201703 0.000 243.801 0.000
201706 12.279 244.955 16.244
201709 0.000 246.819 0.000
201712 14.359 246.524 18.875
201803 14.812 249.554 19.234
201806 13.386 251.989 17.214
201809 26.927 252.439 34.566
201812 27.874 251.233 35.953
201903 27.945 254.202 35.624
201906 26.473 256.143 33.492
201909 26.607 256.759 33.581
201912 26.986 256.974 34.030
202003 27.544 258.115 34.580
202006 25.693 257.797 32.296
202009 26.889 260.280 33.477
202012 28.607 260.474 35.590
202103 30.136 264.877 36.869
202106 33.343 271.696 39.768
202109 33.727 274.310 39.843
202112 35.396 278.802 41.141
202203 36.803 287.504 41.482
202206 34.244 296.311 37.450
202209 34.383 296.808 37.539
202212 33.920 296.797 37.035
202303 31.953 301.836 34.305
202306 31.590 305.109 33.552
202309 31.865 307.789 33.549
202312 30.746 306.746 32.481
202403 30.737 312.332 31.891
202406 30.745 314.175 31.712
202409 32.000 315.301 32.888
202412 29.801 315.605 30.599
202503 30.031 319.799 30.431
202506 29.451 322.561 29.587
202509 30.278 324.800 30.208
202512 31.638 324.054 31.638

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 1.93 mean?
Silicon Optronics (TPE:3530) has a Cyclically Adjusted PB Ratio of 1.93 as of Jul. 22, 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 Silicon Optronics and its competitors. This is 35% below median its historical median of 2.95. Over the past decade, Silicon Optronics' Cyclically Adjusted PB Ratio has ranged from 1.84 to 5.31. According to the industry distribution chart, Silicon Optronics ranks #245 out of 735 companies in the Semiconductors industry, placing it in the top 33.3%.
Is Silicon Optronics' Cyclically Adjusted PB Ratio too high?
Silicon Optronics' current Cyclically Adjusted PB Ratio of 1.93 is 35% below median its 10-year median of 2.95. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 5.31. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.18. Silicon Optronics' value of 1.93 is 39.3% below this industry median. Based on the distribution chart, Silicon Optronics ranks #245 out of 735 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Silicon Optronics has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Silicon Optronics' Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Silicon Optronics ranks #245 out of 735 companies for Cyclically Adjusted PB Ratio. This puts Silicon Optronics in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.18. Silicon Optronics' value of 1.93 is 39.3% below this benchmark. Historically, Silicon Optronics' own Cyclically Adjusted PB Ratio has ranged from 1.84 to 5.31 over the past decade. While the company's 10-year median is 2.95 vs. the industry median of 3.18, Silicon Optronics has consistently been below 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 3.18, based on 735 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. Silicon Optronics's current Cyclically Adjusted PB Ratio of 1.93 is 39.3% below 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 Silicon Optronics and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Silicon Optronics's current Cyclically Adjusted PB Ratio is 1.93, which is 35% below median its own 10-year median of 2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silicon Optronics stock overvalued right now?
Based on GuruFocus' analysis, Silicon Optronics (TPE:3530) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$83.64, compared to a current price of NT$59.20 — trading 29.2% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.93, which is 35% below median its 10-year median of 2.95 and 39.3% below the Semiconductors industry median of 3.18. Silicon Optronics' overall GF Score™ is 72/100 with 3 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 Silicon Optronics (TPE:3530), the current Cyclically Adjusted PB Ratio is 1.93 as of Jul. 22, 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 Silicon Optronics (TPE:3530) Overvalued in 2026?

Based on GuruFocus' analysis, Silicon Optronics stock appears to be undervalued. The current stock price of NT$59.20 is trading 29.2% below its estimated GF Value™ of NT$83.64. GuruFocus considers Silicon Optronics to be Modestly Undervalued.

Key valuation signals for TPE:3530:

  • Cyclically Adjusted PB Ratio: 1.93 (35% below median its 10-year median of 2.95)
  • GF Value™: NT$83.64 vs. price of NT$59.20 (29.2% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 39.3% below the Semiconductors median (#245 of 735)

No single metric tells the full story. See the TPE:3530 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Silicon Optronics Business Description

Address Li Hsin 1st Road, 10-2, 4th Floor, East District, Hsin-Chu, TWN, 300
Silicon Optronics Inc is engaged in the design, development, and sale of complementary metal-oxide semiconductors. Its products include image sensors and shutters. The company derives revenue from complementary metal-oxide semiconductors. Geographically, it operates in Hong Kong, the United States, Taiwan, and other countries, with the majority of revenue deriving from Hong Kong.
72GF Score

Get the complete analysis for TPE:3530

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

NT$59.20
Price
NT$83.64
GF Value