Lemtech Holdings Co (TPE:4912) Cyclically Adjusted PB Ratio: 1.85 (As of Aug. 25, 2026) — 29% Below Median

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TPE:4912 Lemtech Holdings Co Ltd TPE:4912
79 GF Score
Price NT$89.90
GF Value NT$129.33
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Lemtech Holdings Co Cyclically Adjusted PB Ratio?

Lemtech Holdings Co TPE:4912 -1.32% 79 Cyclically Adjusted PB Ratio is 1.85 as of Aug. 25, 2026, which is 29% below its 10-year median of 2.59. GuruFocus rates TPE:4912 with a GF Score™ of 79/100 and a GF Value™ of NT$129.33 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 2,133 Industrial Products companies, Lemtech Holdings Co ranks better than 54.95% on this metric.

As of today (2026-08-25), Lemtech Holdings Co's current share price is NT$89.90. Lemtech Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$48.68. Lemtech Holdings Co's Cyclically Adjusted PB Ratio for today is 1.85.

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

TPE:4912' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.61   Med: 2.59   Max: 6.44
Current: 1.87

During the past years, Lemtech Holdings Co's highest Cyclically Adjusted PB Ratio was 6.44. The lowest was 1.61. And the median was 2.59.

TPE:4912's Cyclically Adjusted PB Ratio is ranked better than
54.95% of 2133 companies
in the Industrial Products industry
Industry Median: 2.09 vs TPE:4912: 1.87

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.

Lemtech Holdings Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$61.316. 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$48.68 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lemtech Holdings Co  (TPE:4912) 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.


Lemtech Holdings Co Cyclically Adjusted PB Ratio Related Terms


Lemtech Holdings Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lemtech Holdings 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.

Lemtech Holdings Co Cyclically Adjusted PB Ratio Chart

Lemtech Holdings 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 4.78 2.06 1.94 3.46 2.05

Lemtech Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.21 1.60 1.67 2.05 1.83

TPE:4912 vs CRS, ATI, MLI: Cyclically Adjusted PB Ratio Comparison

For the Metal Fabrication subindustry, Lemtech Holdings 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.


Lemtech Holdings Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TPE:4912
79GF Score
Lemtech Holdings Co Ltd TPE:4912
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lemtech Holdings 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.

Lemtech Holdings Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=89.90/48.68
=1.85

* 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.

Lemtech Holdings Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Lemtech Holdings Co's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=61.316/330.2130*330.2130
=61.316

Current CPI (Mar. 2026) = 330.2130.

Lemtech Holdings Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 23.720 241.018 32.498
201609 24.048 241.428 32.892
201612 24.378 241.432 33.342
201703 23.529 243.801 31.869
201706 22.320 244.955 30.089
201709 24.335 246.819 32.557
201712 25.750 246.524 34.492
201803 26.935 249.554 35.641
201806 25.545 251.989 33.475
201809 27.753 252.439 36.303
201812 32.432 251.233 42.628
201903 33.707 254.202 43.786
201906 32.613 256.143 42.044
201909 32.595 256.759 41.920
201912 34.083 256.974 43.797
202003 34.310 258.115 43.894
202006 33.020 257.797 42.295
202009 36.359 260.280 46.128
202012 42.208 260.474 53.509
202103 46.525 264.877 58.001
202106 47.036 271.696 57.166
202109 52.368 274.310 63.040
202112 46.889 278.802 55.535
202203 49.030 287.504 56.313
202206 48.857 296.311 54.447
202209 51.012 296.808 56.753
202212 50.326 296.797 55.992
202303 50.135 301.836 54.848
202306 49.099 305.109 53.139
202309 53.130 307.789 57.001
202312 52.296 306.746 56.297
202403 54.548 312.332 57.671
202406 56.696 314.175 59.590
202409 57.174 315.301 59.878
202412 58.426 315.605 61.130
202503 60.719 319.799 62.696
202506 54.112 322.561 55.396
202509 57.753 324.800 58.715
202512 57.860 324.054 58.960
202603 61.316 330.213 61.316

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 1.85 mean?
Lemtech Holdings Co (TPE:4912) has a Cyclically Adjusted PB Ratio of 1.85 as of Aug. 25, 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 Lemtech Holdings Co and its competitors. This is 29% below median its historical median of 2.59. Over the past decade, Lemtech Holdings Co's Cyclically Adjusted PB Ratio has ranged from 1.61 to 6.44. According to the industry distribution chart, Lemtech Holdings Co ranks #961 out of 2133 companies in the Industrial Products industry, placing it in the top 45.1%.
Is Lemtech Holdings Co's Cyclically Adjusted PB Ratio too high?
Lemtech Holdings Co's current Cyclically Adjusted PB Ratio of 1.85 is 29% below median its 10-year median of 2.59. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 6.44. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.09. Lemtech Holdings Co's value of 1.85 is 11.5% below this industry median. Based on the distribution chart, Lemtech Holdings Co ranks #961 out of 2133 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Lemtech Holdings Co has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lemtech Holdings Co's Cyclically Adjusted PB Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Lemtech Holdings Co ranks #961 out of 2133 companies for Cyclically Adjusted PB Ratio. This puts Lemtech Holdings Co in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.09. Lemtech Holdings Co's value of 1.85 is 11.5% below this benchmark. Historically, Lemtech Holdings Co's own Cyclically Adjusted PB Ratio has ranged from 1.61 to 6.44 over the past decade. While the company's 10-year median is 2.59 vs. the industry median of 2.09, Lemtech Holdings 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.09, based on 2,133 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. Lemtech Holdings Co's current Cyclically Adjusted PB Ratio of 1.85 is 11.5% 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 Lemtech Holdings Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lemtech Holdings Co's current Cyclically Adjusted PB Ratio is 1.85, which is 29% below median its own 10-year median of 2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lemtech Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Lemtech Holdings Co (TPE:4912) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$129.33, compared to a current price of NT$89.90 — trading 30.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.85, which is 29% below median its 10-year median of 2.59 and 11.5% below the Industrial Products industry median of 2.09. Lemtech Holdings Co's overall GF Score™ is 79/100 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 Lemtech Holdings Co (TPE:4912), the current Cyclically Adjusted PB Ratio is 1.85 as of Aug. 25, 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 Lemtech Holdings Co (TPE:4912) Overvalued in 2026?

Based on GuruFocus' analysis, Lemtech Holdings Co stock appears to be undervalued. The current stock price of NT$89.90 is trading 30.5% below its estimated GF Value™ of NT$129.33. GuruFocus considers Lemtech Holdings Co to be Significantly Undervalued.

Key valuation signals for TPE:4912:

  • Cyclically Adjusted PB Ratio: 1.85 (29% below median its 10-year median of 2.59)
  • GF Value™: NT$129.33 vs. price of NT$89.90 (30.5% below fair value)
  • GF Score™: 79/100 with 3 warning signs
  • Industry Position: 11.5% below the Industrial Products median (#961 of 2133)

No single metric tells the full story. See the TPE:4912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lemtech Holdings Co Business Description

Address 12th Floor-3, No. 3, Yuanqu Street, Nangang District, Taipei, TWN, 115
Lemtech Holdings Co Ltd focuses on the production and design of various new electronic components, such as fine blanking molds, die casting molds, non-metallic molds, computer connectors and computer heat dissipation modules, and sales of self-produced products. Its solutions consist of Precision Metal Stamping & Weldments, Overmolding, Precision Tooling, Heat Pipe & Vapor Chamber Heatsinks, Thermosiphon, Liquid Cooling/Cold Plate, Electromechanical Sub-Assemblies, Racks and Enclosures, and Slide Rail Kits. Its segments include Manufacturing Department in Taiwan, Manufacturing Department in China, Manufacturing Department in Europe, and Others. It derives the majority of revenue from Manufacturing Department in China.
79GF Score

Get the complete analysis for TPE:4912

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

NT$89.90
Price
NT$129.33
GF Value