Nuvoton Technology (TPE:4919) Cyclically Adjusted PB Ratio: 3.61 (As of Sep. 06, 2026) — 11% Below Median

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TPE:4919 Nuvoton Technology Corp TPE:4919
77 GF Score
Price NT$120.00
GF Value NT$89.43
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Nuvoton Technology Cyclically Adjusted PB Ratio?

Nuvoton Technology TPE:4919 +4.35% 77 Cyclically Adjusted PB Ratio is 3.61 as of Sep. 06, 2026, which is 11% below its 10-year median of 4.06. GuruFocus rates TPE:4919 with a GF Score™ of 77/100 and a GF Value™ of NT$89.43 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 725 Semiconductors companies, Nuvoton Technology ranks worse than 54.34% on this metric.

As of today (2026-09-06), Nuvoton Technology's current share price is NT$120.00. Nuvoton Technology's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was NT$33.20. Nuvoton Technology's Cyclically Adjusted PB Ratio for today is 3.61.

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

TPE:4919' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.61   Med: 4.06   Max: 8.94
Current: 3.61

During the past years, Nuvoton Technology's highest Cyclically Adjusted PB Ratio was 8.94. The lowest was 1.61. And the median was 4.06.

TPE:4919's Cyclically Adjusted PB Ratio is ranked worse than
54.34% of 725 companies
in the Semiconductors industry
Industry Median: 3.15 vs TPE:4919: 3.61

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.

Nuvoton Technology's adjusted book value per share data for the three months ended in Jun. 2026 was NT$36.964. 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$33.20 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nuvoton Technology  (TPE:4919) 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.


Nuvoton Technology Cyclically Adjusted PB Ratio Related Terms


Nuvoton Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nuvoton Technology'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.

Nuvoton Technology Cyclically Adjusted PB Ratio Chart

Nuvoton Technology 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 7.03 4.89 5.38 3.05 1.62

Nuvoton Technology Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 2.35 2.01 1.62 2.75 5.23

TPE:4919 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, Nuvoton Technology'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.


Nuvoton Technology Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


TPE:4919
77GF Score
Nuvoton Technology Corp TPE:4919
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nuvoton Technology 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.

Nuvoton Technology's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=120.00/33.20
=3.61

* 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.

Nuvoton Technology's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Nuvoton Technology's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=36.964/333.9520*333.9520
=36.964

Current CPI (Jun. 2026) = 333.9520.

Nuvoton Technology Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.926 241.428 20.646
201612 15.341 241.432 21.220
201703 15.732 243.801 21.549
201706 14.943 244.955 20.372
201709 16.236 246.819 21.968
201712 16.633 246.524 22.532
201803 17.257 249.554 23.093
201806 15.868 251.989 21.029
201809 16.695 252.439 22.086
201812 16.957 251.233 22.540
201903 17.485 254.202 22.971
201906 15.725 256.143 20.502
201909 17.945 256.759 23.340
201912 25.101 256.974 32.620
202003 24.894 258.115 32.208
202006 24.881 257.797 32.231
202009 26.007 260.280 33.368
202012 30.645 260.474 39.290
202103 30.808 264.877 38.842
202106 34.280 271.696 42.135
202109 34.807 274.310 42.375
202112 37.283 278.802 44.658
202203 34.637 287.504 40.233
202206 36.395 296.311 41.018
202209 39.175 296.808 44.078
202212 41.847 296.797 47.086
202303 36.422 301.836 40.297
202306 36.476 305.109 39.924
202309 38.266 307.789 41.519
202312 39.858 306.746 43.393
202403 37.776 312.332 40.391
202406 36.785 314.175 39.101
202409 38.358 315.301 40.627
202412 37.314 315.605 39.483
202503 37.877 319.799 39.553
202506 33.504 322.561 34.687
202509 32.915 324.800 33.842
202512 31.250 324.054 32.205
202603 31.495 330.213 31.852
202606 36.964 333.952 36.964

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 3.61 mean?
Nuvoton Technology (TPE:4919) has a Cyclically Adjusted PB Ratio of 3.61 as of Sep. 06, 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 Nuvoton Technology and its competitors. This is 11% below median its historical median of 4.06. Over the past decade, Nuvoton Technology's Cyclically Adjusted PB Ratio has ranged from 1.61 to 8.94. According to the industry distribution chart, Nuvoton Technology ranks #394 out of 725 companies in the Semiconductors industry, placing it in the top 54.3%.
Is Nuvoton Technology's Cyclically Adjusted PB Ratio too high?
Nuvoton Technology's current Cyclically Adjusted PB Ratio of 3.61 is 11% below median its 10-year median of 4.06. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 8.94. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.15. Nuvoton Technology's value of 3.61 is 14.6% above this industry median. Based on the distribution chart, Nuvoton Technology ranks #394 out of 725 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Nuvoton Technology has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nuvoton Technology's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Nuvoton Technology ranks #394 out of 725 companies for Cyclically Adjusted PB Ratio. This places Nuvoton Technology in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.15. Nuvoton Technology's value of 3.61 is 14.6% above this benchmark. Historically, Nuvoton Technology's own Cyclically Adjusted PB Ratio has ranged from 1.61 to 8.94 over the past decade. While the company's 10-year median is 4.06 vs. the industry median of 3.15, Nuvoton Technology 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.15, 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. Nuvoton Technology's current Cyclically Adjusted PB Ratio of 3.61 is 14.6% 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 Nuvoton Technology and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nuvoton Technology's current Cyclically Adjusted PB Ratio is 3.61, which is 11% below median its own 10-year median of 4.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nuvoton Technology stock overvalued right now?
Based on GuruFocus' analysis, Nuvoton Technology (TPE:4919) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$89.43, compared to a current price of NT$120.00 — trading 34.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.61, which is 11% below median its 10-year median of 4.06 and 14.6% above the Semiconductors industry median of 3.15. Nuvoton Technology's overall GF Score™ is 77/100 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 Nuvoton Technology (TPE:4919), the current Cyclically Adjusted PB Ratio is 3.61 as of Sep. 06, 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 Nuvoton Technology (TPE:4919) Overvalued in 2026?

Based on GuruFocus' analysis, Nuvoton Technology stock appears to be overvalued. The current stock price of NT$120.00 is trading 34.2% above its estimated GF Value™ of NT$89.43. GuruFocus considers Nuvoton Technology to be Significantly Overvalued.

Key valuation signals for TPE:4919:

  • Cyclically Adjusted PB Ratio: 3.61 (11% below median its 10-year median of 4.06)
  • GF Value™: NT$89.43 vs. price of NT$120.00 (34.2% above fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 14.6% above the Semiconductors median (#394 of 725)

No single metric tells the full story. See the TPE:4919 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nuvoton Technology Business Description

Address No. 4, Creation Road III, Hsinchu Science Park, Hsinchu, TWN, 300
Nuvoton Technology Corp is engaged mainly in the research, design, development, manufacture, and sale of logic integrated circuits (ICs) and the manufacturing, testing and OEM of 6-inch wafers.
77GF Score

Get the complete analysis for TPE:4919

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

NT$120.00
Price
NT$89.43
GF Value