Hannstar Display (TPE:6116) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

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.
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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:6116 Hannstar Display Corp TPE:6116
61 GF Score
Price NT$14.00
GF Value NT$9.29
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Hannstar Display Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hannstar Display  (TPE:6116) 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.


Hannstar Display Cyclically Adjusted PB Ratio Related Terms


Hannstar Display Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hannstar Display'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.

Hannstar Display Cyclically Adjusted PB Ratio Chart

Hannstar Display 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 1.31 0.73 0.75 0.53 0.48

Hannstar Display 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 0.44 0.50 0.49 0.49 1.19

TPE:6116 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Hannstar Display'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.


Hannstar Display Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:6116
61GF Score
Hannstar Display Corp TPE:6116
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hannstar Display 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.

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

For example, Hannstar Display'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)
=13.04/333.9520*333.9520
=13.040

Current CPI (Jun. 2026) = 333.9520.

Hannstar Display Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.291 241.428 14.235
201612 11.468 241.432 15.863
201703 12.038 243.801 16.489
201706 11.854 244.955 16.161
201709 12.532 246.819 16.956
201712 13.061 246.524 17.693
201803 13.391 249.554 17.920
201806 13.246 251.989 17.554
201809 13.384 252.439 17.706
201812 13.119 251.233 17.438
201903 13.200 254.202 17.341
201906 12.964 256.143 16.902
201909 13.071 256.759 17.001
201912 13.067 256.974 16.981
202003 12.858 258.115 16.636
202006 12.821 257.797 16.608
202009 13.683 260.280 17.556
202012 14.709 260.474 18.858
202103 15.749 264.877 19.856
202106 17.090 271.696 21.006
202109 16.757 274.310 20.400
202112 17.315 278.802 20.740
202203 17.281 287.504 20.073
202206 16.492 296.311 18.587
202209 16.920 296.808 19.037
202212 16.607 296.797 18.686
202303 16.389 301.836 18.133
202306 15.755 305.109 17.244
202309 15.235 307.789 16.530
202312 14.631 306.746 15.929
202403 14.176 312.332 15.157
202406 13.730 314.175 14.594
202409 13.126 315.301 13.902
202412 11.915 315.605 12.608
202503 11.631 319.799 12.146
202506 11.065 322.561 11.456
202509 11.586 324.800 11.912
202512 11.900 324.054 12.263
202603 11.808 330.213 11.942
202606 13.040 333.952 13.040

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.

Is Hannstar Display (TPE:6116) Overvalued in 2026?

Based on GuruFocus' analysis, Hannstar Display stock appears to be overvalued. The current stock price of NT$14.00 is trading 50.7% above its estimated GF Value™ of NT$9.29. GuruFocus considers Hannstar Display to be Significantly Overvalued.

Key valuation signals for TPE:6116:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: NT$9.29 vs. price of NT$14.00 (50.7% above fair value)
  • GF Score™: 61/100 with 3 warning signs

No single metric tells the full story. See the TPE:6116 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hannstar Display Business Description

Address Lane 168, Xingshan Road, 4Floor, No.15, Neihu District, Taipei, TWN, 11469
Hannstar Display Corp is engaged in research and development, design, manufacturing, sale and repairs of TFT-LCDs. The company has only one reportable segment, production and sale of TFT-LCD panels, flat-panel displays and CCTV. The firm has operations in Mainland China, Asia, Taiwan, Europe and Others, with the majority of its revenue from China.
61GF Score

Get the complete analysis for TPE:6116

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

NT$14.00
Price
NT$9.29
GF Value