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FocalTech Systems CoTPE:3545 +2.18%74 Cyclically Adjusted PB Ratio is 0.93 as of Sep. 22, 2026, which is 22% below its 10-year median of 1.19. GuruFocus rates TPE:3545 with a GF Score™ of 74/100 and a GF Value™ of NT$60.13 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 725 Semiconductors companies, FocalTech Systems Co ranks better than 83.03% on this metric.
The historical rank and industry rank for FocalTech Systems Co's Cyclically Adjusted PB Ratio or its related term are showing as below:
TPE:3545'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 1.19 Max: 5.17
Current: 0.87
During the past years, FocalTech Systems Co's highest Cyclically Adjusted PB Ratio was 5.17. The lowest was 0.58. And the median was 1.19.
TPE:3545's Cyclically Adjusted PB Ratio is ranked better than 83.03% of 725
companies
in the Semiconductors industry
Industry Median: 3.16
vs TPE:3545: 0.87
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.
FocalTech Systems Co's adjusted book value per share data for the three months ended in Jun. 2026 was NT$40.963. 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$55.82 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
FocalTech Systems Co (TPE:3545) 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.
FocalTech Systems Co Cyclically Adjusted PB Ratio Related Terms
FocalTech Systems Co Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for FocalTech Systems 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.
FocalTech Systems Co Cyclically Adjusted PB Ratio Chart
TPE:3545 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison
For the Semiconductors subindustry, FocalTech Systems 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.
FocalTech Systems Co Cyclically Adjusted PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, FocalTech Systems Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where FocalTech Systems Co's Cyclically Adjusted PB Ratio falls into.
FocalTech Systems 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.
* 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.
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 0.93 mean?
FocalTech Systems Co (TPE:3545) has a Cyclically Adjusted PB Ratio of 0.93 as of Sep. 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 FocalTech Systems Co and its competitors. This is 22% below median its historical median of 1.19. Over the past decade, FocalTech Systems Co's Cyclically Adjusted PB Ratio has ranged from 0.58 to 5.17. According to the industry distribution chart, FocalTech Systems Co ranks #123 out of 725 companies in the Semiconductors industry, placing it in the top 17%.
Is FocalTech Systems Co's Cyclically Adjusted PB Ratio too high?
FocalTech Systems Co's current Cyclically Adjusted PB Ratio of 0.93 is 22% below median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 5.17. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.16. FocalTech Systems Co's value of 0.93 is 70.6% below this industry median. Based on the distribution chart, FocalTech Systems Co ranks #123 out of 725 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, FocalTech Systems Co has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FocalTech Systems Co's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, FocalTech Systems Co ranks #123 out of 725 companies for Cyclically Adjusted PB Ratio. This places FocalTech Systems Co in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 3.16. FocalTech Systems Co's value of 0.93 is 70.6% below this benchmark. Historically, FocalTech Systems Co's own Cyclically Adjusted PB Ratio has ranged from 0.58 to 5.17 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 3.16, FocalTech Systems Co 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 3.16, based on 725 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. FocalTech Systems Co's current Cyclically Adjusted PB Ratio of 0.93 is 70.6% 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 FocalTech Systems Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FocalTech Systems Co's current Cyclically Adjusted PB Ratio is 0.93, which is 22% below median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FocalTech Systems Co stock overvalued right now?
Based on GuruFocus' analysis, FocalTech Systems Co (TPE:3545) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$60.13, compared to a current price of NT$52.00 — trading 13.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.93, which is 22% below median its 10-year median of 1.19 and 70.6% below the Semiconductors industry median of 3.16. FocalTech Systems Co's overall GF Score™ is 74/100 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 FocalTech Systems Co (TPE:3545), the current Cyclically Adjusted PB Ratio is 0.93 as of Sep. 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 FocalTech Systems Co (TPE:3545) Overvalued in 2026?
Based on GuruFocus' analysis, FocalTech Systems Co stock appears to be undervalued.
The current stock price of NT$52.00 is trading 13.5% below its estimated GF Value™ of NT$60.13.
GuruFocus considers FocalTech Systems Co to be Modestly Undervalued.
Key valuation signals for TPE:3545:
Cyclically Adjusted PB Ratio: 0.93 (22% below median its 10-year median of 1.19)
GF Value™: NT$60.13 vs. price of NT$52.00 (13.5% below fair value)
Industry Position: 70.6% below the Semiconductors median (#123 of 725)
No single metric tells the full story. See the TPE:3545 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FocalTech Systems Co Ltd is a Taiwanese fabless semiconductor company that designs and sells human-machine interface integrated circuits. Its core products are capacitive touch controller ICs and display driver ICs for TFT LCD panels, used in smartphones, tablets, notebooks, wearables, and other touch-enabled devices. The company offers touch solutions spanning roughly 1 to 25 inch screens and supports a range of sensor stack-up structures, processes, and materials. It operates as a single segment focused on ICs for human-machine interface solutions. Customers are primarily display module makers, panel manufacturers, and consumer electronics OEMs and ODMs. Mainland China accounts for the largest share of revenue, followed by Taiwan and other markets. FocalTech generates revenue mainly through the sale of its IC products, supplemented by design and technical support services.
74GF Score
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