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Hiwin MikrosystemTPE:4576 +2.61%72 Cyclically Adjusted PB Ratio is 6.06 as of Jul. 27, 2026, which is 47% above its 10-year median of 4.13. GuruFocus rates TPE:4576 with a GF Score™ of 72/100 and a GF Value™ of NT$139.20 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,278 Industrial Products companies, Hiwin Mikrosystem ranks worse than 82.75% on this metric.
The historical rank and industry rank for Hiwin Mikrosystem's Cyclically Adjusted PB Ratio or its related term are showing as below:
TPE:4576'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.24 Med: 4.13 Max: 5.91
Current: 5.91
During the past 11 years, Hiwin Mikrosystem's highest Cyclically Adjusted PB Ratio was 5.91. The lowest was 3.24. And the median was 4.13.
TPE:4576's Cyclically Adjusted PB Ratio is ranked worse than 82.75% of 2278
companies
in the Industrial Products industry
Industry Median: 2.11
vs TPE:4576: 5.91
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.
Hiwin Mikrosystem's adjusted book value per share data of for the fiscal year that ended in Dec25 was NT$34.245. 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$32.40 for the trailing ten years ended in Dec25.
Shiller PE for Stocks: The True Measure of Stock Valuation
Hiwin Mikrosystem (TPE:4576) 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.
Hiwin Mikrosystem Cyclically Adjusted PB Ratio Related Terms
Hiwin Mikrosystem Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Hiwin Mikrosystem'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.
Hiwin Mikrosystem Cyclically Adjusted PB Ratio Chart
TPE:4576 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison
For the Electrical Equipment & Parts subindustry, Hiwin Mikrosystem'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.
Hiwin Mikrosystem Cyclically Adjusted PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hiwin Mikrosystem's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Hiwin Mikrosystem's Cyclically Adjusted PB Ratio falls into.
Hiwin Mikrosystem 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.
Hiwin Mikrosystem's Cyclically Adjusted PB Ratio for today is calculated as
* 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 6.06 mean?
Hiwin Mikrosystem (TPE:4576) has a Cyclically Adjusted PB Ratio of 6.06 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 Hiwin Mikrosystem and its competitors. This is 47% above median its historical median of 4.13. Over the past decade, Hiwin Mikrosystem's Cyclically Adjusted PB Ratio has ranged from 3.24 to 5.91. According to the industry distribution chart, Hiwin Mikrosystem ranks #1885 out of 2278 companies in the Industrial Products industry, placing it in the top 82.7%.
Is Hiwin Mikrosystem's Cyclically Adjusted PB Ratio too high?
Hiwin Mikrosystem's current Cyclically Adjusted PB Ratio of 6.06 is 47% above median its 10-year median of 4.13. Over the past 10 years, this metric has ranged from a low of 3.24 to a high of 5.91. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.11. Hiwin Mikrosystem's value of 6.06 is 187.2% above this industry median. Based on the distribution chart, Hiwin Mikrosystem ranks #1885 out of 2278 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Hiwin Mikrosystem has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hiwin Mikrosystem's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hiwin Mikrosystem ranks #1885 out of 2278 companies for Cyclically Adjusted PB Ratio. This places Hiwin Mikrosystem in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.11. Hiwin Mikrosystem's value of 6.06 is 187.2% above this benchmark. Historically, Hiwin Mikrosystem's own Cyclically Adjusted PB Ratio has ranged from 3.24 to 5.91 over the past decade. While the company's 10-year median is 4.13 vs. the industry median of 2.11, Hiwin Mikrosystem 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.11, based on 2,278 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. Hiwin Mikrosystem's current Cyclically Adjusted PB Ratio of 6.06 is 187.2% 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 Hiwin Mikrosystem and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiwin Mikrosystem's current Cyclically Adjusted PB Ratio is 6.06, which is 47% above median its own 10-year median of 4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiwin Mikrosystem stock overvalued right now?
Based on GuruFocus' analysis, Hiwin Mikrosystem (TPE:4576) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$139.20, compared to a current price of NT$196.50 — trading 41.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.06, which is 47% above median its 10-year median of 4.13 and 187.2% above the Industrial Products industry median of 2.11. Hiwin Mikrosystem's overall GF Score™ is 72/100 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 Hiwin Mikrosystem (TPE:4576), the current Cyclically Adjusted PB Ratio is 6.06 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 Hiwin Mikrosystem (TPE:4576) Overvalued in 2026?
Based on GuruFocus' analysis, Hiwin Mikrosystem stock appears to be overvalued.
The current stock price of NT$196.50 is trading 41.2% above its estimated GF Value™ of NT$139.20.
GuruFocus considers Hiwin Mikrosystem to be Significantly Overvalued.
Key valuation signals for TPE:4576:
Cyclically Adjusted PB Ratio: 6.06 (47% above median its 10-year median of 4.13)
GF Value™: NT$139.20 vs. price of NT$196.50 (41.2% above fair value)
Industry Position: 187.2% above the Industrial Products median (#1885 of 2278)
No single metric tells the full story. See the TPE:4576 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hiwin Mikrosystem Corp is engaged in manufacturing, repairing, and selling a variety of motors, drives, and automation systems. Its product offerings include ballscrews, rolled ballscrews, precision linear guideways, rotary motors, and single-axis motors, among others. Its products can be applied in semiconductor equipment, optical component manufacturing equipment, automation equipment, Medicare and healthcare equipment, rehabilitation equipment, and transportation. The company's reportable segments are precision motion and control parts, micro and nano-positioning systems and others. The majority of revenue is derived from the micro and nano-positioning systems segment. Geographically, the maximum revenue is generated from Taiwan.
72GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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