Kinko Optical Co (TPE:6209) Cyclically Adjusted PB Ratio: 2.98 (As of Aug. 05, 2026) — 157% 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:6209 Kinko Optical Co Ltd TPE:6209
67 GF Score
Price NT$69.10
GF Value NT$39.51
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Kinko Optical Co Cyclically Adjusted PB Ratio?

Kinko Optical Co TPE:6209 -1.00% 67 Cyclically Adjusted PB Ratio is 2.98 as of Aug. 05, 2026, which is 157% above its 10-year median of 1.16. GuruFocus rates TPE:6209 with a GF Score™ of 67/100 and a GF Value™ of NT$39.51 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,968 Hardware companies, Kinko Optical Co ranks worse than 62.04% on this metric.

As of today (2026-08-05), Kinko Optical Co's current share price is NT$69.10. Kinko Optical Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$23.17. Kinko Optical Co's Cyclically Adjusted PB Ratio for today is 2.98.

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

TPE:6209' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.6   Med: 1.16   Max: 4.19
Current: 2.74

During the past years, Kinko Optical Co's highest Cyclically Adjusted PB Ratio was 4.19. The lowest was 0.60. And the median was 1.16.

TPE:6209's Cyclically Adjusted PB Ratio is ranked worse than
62.04% of 1968 companies
in the Hardware industry
Industry Median: 2 vs TPE:6209: 2.74

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.

Kinko Optical Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$19.574. 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$23.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kinko Optical Co  (TPE:6209) 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.


Kinko Optical Co Cyclically Adjusted PB Ratio Related Terms


Kinko Optical Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Kinko Optical 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.

Kinko Optical Co Cyclically Adjusted PB Ratio Chart

Kinko Optical 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 1.44 0.95 1.11 1.23 2.90

Kinko Optical 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 1.20 1.04 1.61 2.90 2.11

TPE:6209 vs APH, GLW, TEL: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, Kinko Optical 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.


Kinko Optical Co Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


TPE:6209
67GF Score
Kinko Optical Co Ltd TPE:6209
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kinko Optical 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.

Kinko Optical Co's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=69.10/23.17
=2.98

* 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.

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

For example, Kinko Optical 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)
=19.574/330.2130*330.2130
=19.574

Current CPI (Mar. 2026) = 330.2130.

Kinko Optical Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 23.364 241.018 32.010
201609 23.057 241.428 31.536
201612 23.175 241.432 31.697
201703 22.180 243.801 30.041
201706 21.766 244.955 29.342
201709 21.813 246.819 29.183
201712 21.178 246.524 28.367
201803 20.891 249.554 27.643
201806 20.832 251.989 27.299
201809 20.947 252.439 27.401
201812 20.704 251.233 27.213
201903 20.581 254.202 26.735
201906 20.188 256.143 26.026
201909 19.960 256.759 25.670
201912 19.516 256.974 25.078
202003 19.224 258.115 24.594
202006 18.696 257.797 23.948
202009 18.475 260.280 23.439
202012 18.147 260.474 23.006
202103 18.057 264.877 22.511
202106 17.419 271.696 21.171
202109 18.149 274.310 21.848
202112 18.308 278.802 21.684
202203 18.609 287.504 21.373
202206 18.113 296.311 20.185
202209 18.530 296.808 20.616
202212 18.539 296.797 20.626
202303 17.617 301.836 19.273
202306 17.707 305.109 19.164
202309 18.050 307.789 19.365
202312 17.452 306.746 18.787
202403 17.613 312.332 18.621
202406 17.132 314.175 18.007
202409 16.729 315.301 17.520
202412 16.647 315.605 17.418
202503 16.758 319.799 17.304
202506 15.848 322.561 16.224
202509 16.733 324.800 17.012
202512 17.997 324.054 18.339
202603 19.574 330.213 19.574

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 2.98 mean?
Kinko Optical Co (TPE:6209) has a Cyclically Adjusted PB Ratio of 2.98 as of Aug. 05, 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 Kinko Optical Co and its competitors. This is 157% above median its historical median of 1.16. Over the past decade, Kinko Optical Co's Cyclically Adjusted PB Ratio has ranged from 0.60 to 4.19. According to the industry distribution chart, Kinko Optical Co ranks #1221 out of 1968 companies in the Hardware industry, placing it in the top 62%.
Is Kinko Optical Co's Cyclically Adjusted PB Ratio too high?
Kinko Optical Co's current Cyclically Adjusted PB Ratio of 2.98 is 157% above median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 4.19. The Hardware industry median Cyclically Adjusted PB Ratio is 2.00. Kinko Optical Co's value of 2.98 is 49% above this industry median. Based on the distribution chart, Kinko Optical Co ranks #1221 out of 1968 companies in the Hardware industry, which is below the industry midpoint. Overall, Kinko Optical Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinko Optical Co's Cyclically Adjusted PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Kinko Optical Co ranks #1221 out of 1968 companies for Cyclically Adjusted PB Ratio. This places Kinko Optical Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.00. Kinko Optical Co's value of 2.98 is 49% above this benchmark. Historically, Kinko Optical Co's own Cyclically Adjusted PB Ratio has ranged from 0.60 to 4.19 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 2.00, Kinko Optical 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 2.00, based on 1,968 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. Kinko Optical Co's current Cyclically Adjusted PB Ratio of 2.98 is 49% 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 Kinko Optical Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinko Optical Co's current Cyclically Adjusted PB Ratio is 2.98, which is 157% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinko Optical Co stock overvalued right now?
Based on GuruFocus' analysis, Kinko Optical Co (TPE:6209) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$39.51, compared to a current price of NT$69.10 — trading 74.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.98, which is 157% above median its 10-year median of 1.16 and 49% above the Hardware industry median of 2.00. Kinko Optical Co's overall GF Score™ is 67/100 with 1 warning sign 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 Kinko Optical Co (TPE:6209), the current Cyclically Adjusted PB Ratio is 2.98 as of Aug. 05, 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 Kinko Optical Co (TPE:6209) Overvalued in 2026?

Based on GuruFocus' analysis, Kinko Optical Co stock appears to be overvalued. The current stock price of NT$69.10 is trading 74.9% above its estimated GF Value™ of NT$39.51. GuruFocus considers Kinko Optical Co to be Significantly Overvalued.

Key valuation signals for TPE:6209:

  • Cyclically Adjusted PB Ratio: 2.98 (157% above median its 10-year median of 1.16)
  • GF Value™: NT$39.51 vs. price of NT$69.10 (74.9% above fair value)
  • GF Score™: 67/100 with 1 warning sign
  • Industry Position: 49% above the Hardware median (#1221 of 1968)

No single metric tells the full story. See the TPE:6209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kinko Optical Co Business Description

Address No. 91, Lane 562, Xiang Shang Road, Section 9, Wuqi District, Taichung, TWN
Kinko Optical Co Ltd is engaged in the domestic and foreign sales of various camera filters, camera lenses and special camera production designs, domestic and foreign manufacturers' product quotations, distribution business and import and export trade business. The main source of revenue of the company is the revenue from the export of optical lenses, which are sold in various markets, including Mainland China and Southeast Asia.
67GF Score

Get the complete analysis for TPE:6209

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

NT$69.10
Price
NT$39.51
GF Value