WPG Holding Co (TPE:3702) Cyclically Adjusted PB Ratio: 2.56 (As of Jul. 27, 2026) — 80% Above Median

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:3702 WPG Holding Co Ltd TPE:3702
81 GF Score
Price NT$117.50
GF Value NT$97.90
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is WPG Holding Co Cyclically Adjusted PB Ratio?

WPG Holding Co TPE:3702 -3.29% 81 Cyclically Adjusted PB Ratio is 2.56 as of Jul. 27, 2026, which is 80% above its 10-year median of 1.42. GuruFocus rates TPE:3702 with a GF Score™ of 81/100 and a GF Value™ of NT$97.90 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,977 Hardware companies, WPG Holding Co ranks worse than 58.67% on this metric.

As of today (2026-07-27), WPG Holding Co's current share price is NT$117.50. WPG Holding Co's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2025 was NT$45.98. WPG Holding Co's Cyclically Adjusted PB Ratio for today is 2.56.

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

TPE:3702' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.08   Med: 1.42   Max: 2.57
Current: 2.56

During the past years, WPG Holding Co's highest Cyclically Adjusted PB Ratio was 2.57. The lowest was 1.08. And the median was 1.42.

TPE:3702's Cyclically Adjusted PB Ratio is ranked worse than
58.67% of 1977 companies
in the Hardware industry
Industry Median: 2.02 vs TPE:3702: 2.56

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.

WPG Holding Co's adjusted book value per share data for the three months ended in Dec. 2025 was NT$49.340. 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$45.98 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


WPG Holding Co  (TPE:3702) 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.


WPG Holding Co Cyclically Adjusted PB Ratio Related Terms


WPG Holding Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for WPG Holding 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.

WPG Holding Co Cyclically Adjusted PB Ratio Chart

WPG Holding 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 1.50 1.24 1.96 1.55 1.27

WPG Holding Co 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 1.55 1.38 1.54 1.44 1.27

TPE:3702 vs SNX, ARW, AVT: Cyclically Adjusted PB Ratio Comparison

For the Electronics & Computer Distribution subindustry, WPG Holding 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.


WPG Holding Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:3702
81GF Score
WPG Holding Co Ltd TPE:3702
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WPG Holding 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.

WPG Holding Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=117.50/45.98
=2.56

* 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.

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

For example, WPG Holding Co'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)
=49.34/324.0540*324.0540
=49.340

Current CPI (Dec. 2025) = 324.0540.

WPG Holding Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 31.548 238.132 42.931
201606 29.954 241.018 40.274
201609 30.126 241.428 40.436
201612 31.399 241.432 42.144
201703 30.190 243.801 40.128
201706 30.280 244.955 40.058
201709 30.261 246.819 39.730
201712 30.683 246.524 40.333
201803 30.852 249.554 40.062
201806 31.141 251.989 40.047
201809 31.265 252.439 40.135
201812 32.375 251.233 41.759
201903 33.338 254.202 42.499
201906 31.824 256.143 40.261
201909 37.400 256.759 47.202
201912 36.611 256.974 46.168
202003 37.733 258.115 47.372
202006 36.119 257.797 45.402
202009 36.709 260.280 45.703
202012 37.801 260.474 47.028
202103 39.319 264.877 48.103
202106 38.059 271.696 45.393
202109 39.304 274.310 46.431
202112 40.737 278.802 47.349
202203 44.807 287.504 50.503
202206 43.484 296.311 47.555
202209 48.596 296.808 53.057
202212 47.084 296.797 51.408
202303 47.521 301.836 51.019
202306 45.808 305.109 48.652
202309 49.189 307.789 51.788
202312 48.625 306.746 51.369
202403 52.693 312.332 54.671
202406 51.200 314.175 52.810
202409 50.466 315.301 51.867
202412 49.564 315.605 50.891
202503 51.391 319.799 52.075
202506 40.266 322.561 40.452
202509 44.797 324.800 44.694
202512 49.340 324.054 49.340

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 2.56 mean?
WPG Holding Co (TPE:3702) has a Cyclically Adjusted PB Ratio of 2.56 as of Jul. 27, 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 WPG Holding Co and its competitors. This is 80% above median its historical median of 1.42. Over the past decade, WPG Holding Co's Cyclically Adjusted PB Ratio has ranged from 1.08 to 2.57. According to the industry distribution chart, WPG Holding Co ranks #1160 out of 1977 companies in the Hardware industry, placing it in the top 58.7%.
Is WPG Holding Co's Cyclically Adjusted PB Ratio too high?
WPG Holding Co's current Cyclically Adjusted PB Ratio of 2.56 is 80% above median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 2.57. The Hardware industry median Cyclically Adjusted PB Ratio is 2.02. WPG Holding Co's value of 2.56 is 26.7% above this industry median. Based on the distribution chart, WPG Holding Co ranks #1160 out of 1977 companies in the Hardware industry, which is below the industry midpoint. Overall, WPG Holding Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WPG Holding Co's Cyclically Adjusted PB Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, WPG Holding Co ranks #1160 out of 1977 companies for Cyclically Adjusted PB Ratio. This places WPG Holding Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.02. WPG Holding Co's value of 2.56 is 26.7% above this benchmark. Historically, WPG Holding Co's own Cyclically Adjusted PB Ratio has ranged from 1.08 to 2.57 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 2.02, WPG Holding Co 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 2.02, based on 1,977 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. WPG Holding Co's current Cyclically Adjusted PB Ratio of 2.56 is 26.7% 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 WPG Holding Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WPG Holding Co's current Cyclically Adjusted PB Ratio is 2.56, which is 80% above median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WPG Holding Co stock overvalued right now?
Based on GuruFocus' analysis, WPG Holding Co (TPE:3702) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$97.90, compared to a current price of NT$117.50 — trading 20% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.56, which is 80% above median its 10-year median of 1.42 and 26.7% above the Hardware industry median of 2.02. WPG Holding Co's overall GF Score™ is 81/100 with 9 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 WPG Holding Co (TPE:3702), the current Cyclically Adjusted PB Ratio is 2.56 as of Jul. 27, 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 WPG Holding Co (TPE:3702) Overvalued in 2026?

Based on GuruFocus' analysis, WPG Holding Co stock appears to be overvalued. The current stock price of NT$117.50 is trading 20% above its estimated GF Value™ of NT$97.90. GuruFocus considers WPG Holding Co to be Modestly Overvalued.

Key valuation signals for TPE:3702:

  • Cyclically Adjusted PB Ratio: 2.56 (80% above median its 10-year median of 1.42)
  • GF Value™: NT$97.90 vs. price of NT$117.50 (20% above fair value)
  • GF Score™: 81/100 with 9 warning signs
  • Industry Position: 26.7% above the Hardware median (#1160 of 1977)

No single metric tells the full story. See the TPE:3702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WPG Holding Co Business Description

Address Jingmao 2nd Road, 22nd Floor, No. 189, Nangang District, Taipei, TWN, 11568
WPG Holding Co Ltd is a world-wide semiconductor components distributor rooted in the Asia-Pacific region. The company engaged in the distribution and sales of electronic/electrical components, sales of computer software, and electrical products and sales of electronic/electrical products. The products include CPU, analog IC, discrete IC, logic IC, DRAM, Flash, optical component, etc.
81GF Score

Get the complete analysis for TPE:3702

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

NT$117.50
Price
NT$97.90
GF Value