Voltronic Power Technology (TPE:6409) Cyclically Adjusted PB Ratio: 11.47 (As of Jul. 29, 2026) — 56% Below Median

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TPE:6409 Voltronic Power Technology Corp TPE:6409
95 GF Score
Price NT$930.00
GF Value NT$1,445.20
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Voltronic Power Technology Cyclically Adjusted PB Ratio?

Voltronic Power Technology TPE:6409 -7.00% 95 Cyclically Adjusted PB Ratio is 11.47 as of Jul. 29, 2026, which is 56% below its 10-year median of 26.04. GuruFocus rates TPE:6409 with a GF Score™ of 95/100 and a GF Value™ of NT$1,445.20 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,274 Industrial Products companies, Voltronic Power Technology ranks worse than 94.94% on this metric.

As of today (2026-07-29), Voltronic Power Technology's current share price is NT$930.00. Voltronic Power Technology's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$81.05. Voltronic Power Technology's Cyclically Adjusted PB Ratio for today is 11.47.

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

TPE:6409' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.35   Med: 26.04   Max: 36.86
Current: 12.52

During the past years, Voltronic Power Technology's highest Cyclically Adjusted PB Ratio was 36.86. The lowest was 8.35. And the median was 26.04.

TPE:6409's Cyclically Adjusted PB Ratio is ranked worse than
94.94% of 2274 companies
in the Industrial Products industry
Industry Median: 2.105 vs TPE:6409: 12.52

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.

Voltronic Power Technology's adjusted book value per share data for the three months ended in Mar. 2026 was NT$117.768. 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$81.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Voltronic Power Technology  (TPE:6409) 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.


Voltronic Power Technology Cyclically Adjusted PB Ratio Related Terms


Voltronic Power Technology Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Voltronic Power 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.

Voltronic Power Technology Cyclically Adjusted PB Ratio Chart

Voltronic Power 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 31.43 27.39 26.50 25.88 12.39

Voltronic Power 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 20.54 16.58 11.97 12.39 8.93

TPE:6409 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Voltronic Power 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.


Voltronic Power Technology Cyclically Adjusted PB Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Voltronic Power Technology's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TPE:6409
95GF Score
Voltronic Power Technology Corp TPE:6409
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Voltronic Power 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=930.00/81.05
=11.47

* 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.

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

For example, Voltronic Power 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)
=117.768/330.2130*330.2130
=117.768

Current CPI (Mar. 2026) = 330.2130.

Voltronic Power Technology Quarterly Data

Book Value per Share CPI Adj_Book
201606 41.988 241.018 57.527
201609 44.846 241.428 61.338
201612 49.419 241.432 67.592
201703 52.162 243.801 70.650
201706 39.121 244.955 52.737
201709 43.719 246.819 58.491
201712 48.167 246.524 64.519
201803 52.444 249.554 69.395
201806 39.962 251.989 52.367
201809 45.472 252.439 59.481
201812 51.296 251.233 67.422
201903 56.686 254.202 73.636
201906 44.177 256.143 56.952
201909 50.124 256.759 64.464
201912 55.791 256.974 71.692
202003 60.656 258.115 77.599
202006 47.316 257.797 60.607
202009 55.103 260.280 69.908
202012 61.058 260.474 77.406
202103 66.637 264.877 83.074
202106 50.120 271.696 60.915
202109 57.311 274.310 68.991
202112 65.291 278.802 77.331
202203 73.666 287.504 84.609
202206 63.795 296.311 71.094
202209 81.699 296.808 90.894
202212 95.067 296.797 105.770
202303 105.175 301.836 115.063
202306 75.639 305.109 81.862
202309 87.515 307.789 93.891
202312 95.267 306.746 102.555
202403 107.902 312.332 114.079
202406 86.679 314.175 91.104
202409 100.428 315.301 105.178
202412 113.191 315.605 118.430
202503 124.983 319.799 129.053
202506 84.610 322.561 86.617
202509 97.437 324.800 99.061
202512 108.925 324.054 110.995
202603 117.768 330.213 117.768

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 11.47 mean?
Voltronic Power Technology (TPE:6409) has a Cyclically Adjusted PB Ratio of 11.47 as of Jul. 29, 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 Voltronic Power Technology and its competitors. This is 56% below median its historical median of 26.04. Over the past decade, Voltronic Power Technology's Cyclically Adjusted PB Ratio has ranged from 8.35 to 36.86. According to the industry distribution chart, Voltronic Power Technology ranks #2159 out of 2274 companies in the Industrial Products industry, placing it in the top 94.9%.
Is Voltronic Power Technology's Cyclically Adjusted PB Ratio too high?
Voltronic Power Technology's current Cyclically Adjusted PB Ratio of 11.47 is 56% below median its 10-year median of 26.04. Over the past 10 years, this metric has ranged from a low of 8.35 to a high of 36.86. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.11. Voltronic Power Technology's value of 11.47 is 444.9% above this industry median. Based on the distribution chart, Voltronic Power Technology ranks #2159 out of 2274 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Voltronic Power Technology has a GF Score™ of 95/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Voltronic Power Technology's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Voltronic Power Technology ranks #2159 out of 2274 companies for Cyclically Adjusted PB Ratio. This places Voltronic Power Technology in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.11. Voltronic Power Technology's value of 11.47 is 444.9% above this benchmark. Historically, Voltronic Power Technology's own Cyclically Adjusted PB Ratio has ranged from 8.35 to 36.86 over the past decade. While the company's 10-year median is 26.04 vs. the industry median of 2.11, Voltronic Power 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.11, based on 2,274 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. Voltronic Power Technology's current Cyclically Adjusted PB Ratio of 11.47 is 444.9% 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 Voltronic Power Technology and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voltronic Power Technology's current Cyclically Adjusted PB Ratio is 11.47, which is 56% below median its own 10-year median of 26.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voltronic Power Technology stock overvalued right now?
Based on GuruFocus' analysis, Voltronic Power Technology (TPE:6409) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$1,445.20, compared to a current price of NT$930.00 — trading 35.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 11.47, which is 56% below median its 10-year median of 26.04 and 444.9% above the Industrial Products industry median of 2.11. Voltronic Power Technology's overall GF Score™ is 95/100 with 2 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 Voltronic Power Technology (TPE:6409), the current Cyclically Adjusted PB Ratio is 11.47 as of Jul. 29, 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 Voltronic Power Technology (TPE:6409) Overvalued in 2026?

Based on GuruFocus' analysis, Voltronic Power Technology stock appears to be undervalued. The current stock price of NT$930.00 is trading 35.6% below its estimated GF Value™ of NT$1,445.20. GuruFocus considers Voltronic Power Technology to be Significantly Undervalued.

Key valuation signals for TPE:6409:

  • Cyclically Adjusted PB Ratio: 11.47 (56% below median its 10-year median of 26.04)
  • GF Value™: NT$1,445.20 vs. price of NT$930.00 (35.6% below fair value)
  • GF Score™: 95/100 with 2 warning signs
  • Industry Position: 444.9% above the Industrial Products median (#2159 of 2274)

No single metric tells the full story. See the TPE:6409 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Voltronic Power Technology Business Description

Address No. 406, Xinhu 1st Road, Neihu District, Taipei, TWN
Voltronic Power Technology Corp mainly manufactures and sells power electronics products, including uninterruptible power supply systems and inverters. Its product portfolio also includes photovoltaic inverters, energy storage systems, variable frequency drives, and electric vehicle chargers.
95GF Score

Get the complete analysis for TPE:6409

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

NT$930.00
Price
NT$1,445.20
GF Value