ENE Technology (TPE:6243) Cyclically Adjusted PB Ratio: 2.41 (As of Aug. 07, 2026) — 41% 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:6243 ENE Technology Inc TPE:6243
73 GF Score
Price NT$47.90
GF Value NT$33.17
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is ENE Technology Cyclically Adjusted PB Ratio?

ENE Technology TPE:6243 +5.74% 73 Cyclically Adjusted PB Ratio is 2.41 as of Aug. 07, 2026, which is 41% above its 10-year median of 1.71. GuruFocus rates TPE:6243 with a GF Score™ of 73/100 and a GF Value™ of NT$33.17 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 731 Semiconductors companies, ENE Technology ranks better than 55.27% on this metric.

As of today (2026-08-07), ENE Technology's current share price is NT$47.90. ENE Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$19.90. ENE Technology's Cyclically Adjusted PB Ratio for today is 2.41.

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

TPE:6243' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.71   Max: 3.9
Current: 2.55

During the past years, ENE Technology's highest Cyclically Adjusted PB Ratio was 3.90. The lowest was 0.44. And the median was 1.71.

TPE:6243's Cyclically Adjusted PB Ratio is ranked better than
55.27% of 731 companies
in the Semiconductors industry
Industry Median: 3.14 vs TPE:6243: 2.55

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.

ENE Technology's adjusted book value per share data for the three months ended in Mar. 2026 was NT$16.997. 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$19.90 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ENE Technology  (TPE:6243) 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.


ENE Technology Cyclically Adjusted PB Ratio Related Terms


ENE Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ENE 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.

ENE Technology Cyclically Adjusted PB Ratio Chart

ENE 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 2.44 1.20 3.40 2.26 1.88

ENE Technology 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 1.79 1.83 1.75 1.88 1.42

TPE:6243 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, ENE 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.


ENE Technology Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


TPE:6243
73GF Score
ENE Technology Inc TPE:6243
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ENE 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.90/19.90
=2.41

* 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.

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

For example, ENE Technology'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)
=16.997/330.2130*330.2130
=16.997

Current CPI (Mar. 2026) = 330.2130.

ENE Technology Quarterly Data

Book Value per Share CPI Adj_Book
201606 21.567 241.018 29.548
201609 20.586 241.428 28.156
201612 20.395 241.432 27.895
201703 18.922 243.801 25.629
201706 17.962 244.955 24.214
201709 17.444 246.819 23.338
201712 17.209 246.524 23.051
201803 16.086 249.554 21.285
201806 16.180 251.989 21.203
201809 16.063 252.439 21.012
201812 15.599 251.233 20.503
201903 15.192 254.202 19.735
201906 14.968 256.143 19.296
201909 14.627 256.759 18.812
201912 13.809 256.974 17.745
202003 13.541 258.115 17.323
202006 13.085 257.797 16.761
202009 12.935 260.280 16.410
202012 12.123 260.474 15.369
202103 12.489 264.877 15.570
202106 12.669 271.696 15.398
202109 13.369 274.310 16.094
202112 16.993 278.802 20.127
202203 17.301 287.504 19.871
202206 16.716 296.311 18.629
202209 17.434 296.808 19.396
202212 17.494 296.797 19.464
202303 17.946 301.836 19.633
202306 17.470 305.109 18.907
202309 18.338 307.789 19.674
202312 18.114 306.746 19.500
202403 18.702 312.332 19.773
202406 18.296 314.175 19.230
202409 18.189 315.301 19.049
202412 18.661 315.605 19.525
202503 18.957 319.799 19.574
202506 17.089 322.561 17.494
202509 17.137 324.800 17.423
202512 16.971 324.054 17.294
202603 16.997 330.213 16.997

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 2.41 mean?
ENE Technology (TPE:6243) has a Cyclically Adjusted PB Ratio of 2.41 as of Aug. 07, 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 ENE Technology and its competitors. This is 41% above median its historical median of 1.71. Over the past decade, ENE Technology's Cyclically Adjusted PB Ratio has ranged from 0.44 to 3.90. According to the industry distribution chart, ENE Technology ranks #327 out of 731 companies in the Semiconductors industry, placing it in the top 44.7%.
Is ENE Technology's Cyclically Adjusted PB Ratio too high?
ENE Technology's current Cyclically Adjusted PB Ratio of 2.41 is 41% above median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 3.90. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.14. ENE Technology's value of 2.41 is 23.2% below this industry median. Based on the distribution chart, ENE Technology ranks #327 out of 731 companies in the Semiconductors industry, which is above the industry midpoint. Overall, ENE Technology has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ENE Technology's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, ENE Technology ranks #327 out of 731 companies for Cyclically Adjusted PB Ratio. This puts ENE Technology in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.14. ENE Technology's value of 2.41 is 23.2% below this benchmark. Historically, ENE Technology's own Cyclically Adjusted PB Ratio has ranged from 0.44 to 3.90 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 3.14, ENE Technology 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 a Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.14, based on 731 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. ENE Technology's current Cyclically Adjusted PB Ratio of 2.41 is 23.2% 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 ENE Technology and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENE Technology's current Cyclically Adjusted PB Ratio is 2.41, which is 41% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENE Technology stock overvalued right now?
Based on GuruFocus' analysis, ENE Technology (TPE:6243) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$33.17, compared to a current price of NT$47.90 — trading 44.4% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.41, which is 41% above median its 10-year median of 1.71 and 23.2% below the Semiconductors industry median of 3.14. ENE Technology's overall GF Score™ is 73/100 with 5 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 ENE Technology (TPE:6243), the current Cyclically Adjusted PB Ratio is 2.41 as of Aug. 07, 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 ENE Technology (TPE:6243) Overvalued in 2026?

Based on GuruFocus' analysis, ENE Technology stock appears to be overvalued. The current stock price of NT$47.90 is trading 44.4% above its estimated GF Value™ of NT$33.17. GuruFocus considers ENE Technology to be Significantly Overvalued.

Key valuation signals for TPE:6243:

  • Cyclically Adjusted PB Ratio: 2.41 (41% above median its 10-year median of 1.71)
  • GF Value™: NT$33.17 vs. price of NT$47.90 (44.4% above fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 23.2% below the Semiconductors median (#327 of 731)

No single metric tells the full story. See the TPE:6243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ENE Technology Business Description

Address No.21, Lixing Road, 4th Floor, Hsinchu Science Park, Hsinchu, TWN
ENE Technology Inc is a Taiwan-based company operating in the integrated circuit business. The Group's business activities include the design, development, manufacturing, and sale of integrated circuit products. Its product categories include UAVs for patrol, reconnaissance, and surveying, security tasks, long-endurance fixed-wing missions, heavy load, and special operations, and MCU products for Touch Key Applications and LED Applications. The Company operates in Taiwan, which generates maximum revenue, China, and other regions.
73GF Score

Get the complete analysis for TPE:6243

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

NT$47.90
Price
NT$33.17
GF Value