Chicony Power Technology Co (TPE:6412) Cyclically Adjusted PB Ratio: 2.70 (As of Aug. 04, 2026) — 26% Below 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:6412 Chicony Power Technology Co Ltd TPE:6412
82 GF Score
Price NT$81.80
GF Value NT$105.24
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Chicony Power Technology Co Cyclically Adjusted PB Ratio?

Chicony Power Technology Co TPE:6412 +2.88% 82 Cyclically Adjusted PB Ratio is 2.70 as of Aug. 04, 2026, which is 26% below its 10-year median of 3.63. GuruFocus rates TPE:6412 with a GF Score™ of 82/100 and a GF Value™ of NT$105.24 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,261 Industrial Products companies, Chicony Power Technology Co ranks worse than 59.62% on this metric.

As of today (2026-08-04), Chicony Power Technology Co's current share price is NT$81.80. Chicony Power Technology Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$30.32. Chicony Power Technology Co's Cyclically Adjusted PB Ratio for today is 2.70.

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

TPE:6412' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.41   Med: 3.63   Max: 7.2
Current: 2.68

During the past years, Chicony Power Technology Co's highest Cyclically Adjusted PB Ratio was 7.20. The lowest was 2.41. And the median was 3.63.

TPE:6412's Cyclically Adjusted PB Ratio is ranked worse than
59.62% of 2261 companies
in the Industrial Products industry
Industry Median: 2.07 vs TPE:6412: 2.68

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.

Chicony Power Technology Co's adjusted book value per share data for the three months ended in Mar. 2026 was NT$36.132. 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$30.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chicony Power Technology Co  (TPE:6412) 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.


Chicony Power Technology Co Cyclically Adjusted PB Ratio Related Terms


Chicony Power Technology Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Chicony Power Technology 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.

Chicony Power Technology Co Cyclically Adjusted PB Ratio Chart

Chicony Power Technology 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 3.66 3.09 5.68 4.33 3.12

Chicony Power Technology 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 4.02 3.71 3.42 3.12 2.38

TPE:6412 vs VRT, BE: Cyclically Adjusted PB Ratio Comparison

For the Electrical Equipment & Parts subindustry, Chicony Power Technology 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.


Chicony Power Technology Co Cyclically Adjusted PB Ratio vs Industrial Products Industry

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

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


TPE:6412
82GF Score
Chicony Power Technology Co Ltd TPE:6412
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chicony Power Technology 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=81.80/30.32
=2.70

* 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.

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

For example, Chicony Power Technology 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)
=36.132/330.2130*330.2130
=36.132

Current CPI (Mar. 2026) = 330.2130.

Chicony Power Technology Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 17.345 241.018 23.764
201609 18.867 241.428 25.805
201612 19.353 241.432 26.470
201703 20.392 243.801 27.620
201706 18.378 244.955 24.775
201709 19.463 246.819 26.039
201712 19.978 246.524 26.760
201803 20.573 249.554 27.222
201806 18.315 251.989 24.000
201809 19.093 252.439 24.975
201812 19.278 251.233 25.338
201903 20.453 254.202 26.569
201906 19.401 256.143 25.011
201909 20.763 256.759 26.703
201912 21.666 256.974 27.841
202003 18.565 258.115 23.751
202006 20.616 257.797 26.407
202009 22.734 260.280 28.842
202012 24.531 260.474 31.099
202103 22.163 264.877 27.630
202106 24.139 271.696 29.338
202109 26.151 274.310 31.480
202112 28.340 278.802 33.566
202203 25.703 287.504 29.521
202206 27.837 296.311 31.022
202209 30.474 296.808 33.904
202212 32.107 296.797 35.722
202303 28.198 301.836 30.849
202306 29.462 305.109 31.886
202309 32.511 307.789 34.880
202312 34.596 306.746 37.243
202403 30.724 312.332 32.483
202406 33.927 314.175 35.659
202409 37.052 315.301 38.804
202412 38.741 315.605 40.534
202503 34.369 319.799 35.488
202506 32.099 322.561 32.860
202509 35.294 324.800 35.882
202512 38.120 324.054 38.845
202603 36.132 330.213 36.132

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 2.70 mean?
Chicony Power Technology Co (TPE:6412) has a Cyclically Adjusted PB Ratio of 2.70 as of Aug. 04, 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 Chicony Power Technology Co and its competitors. This is 26% below median its historical median of 3.63. Over the past decade, Chicony Power Technology Co's Cyclically Adjusted PB Ratio has ranged from 2.41 to 7.20. According to the industry distribution chart, Chicony Power Technology Co ranks #1348 out of 2261 companies in the Industrial Products industry, placing it in the top 59.6%.
Is Chicony Power Technology Co's Cyclically Adjusted PB Ratio too high?
Chicony Power Technology Co's current Cyclically Adjusted PB Ratio of 2.70 is 26% below median its 10-year median of 3.63. Over the past 10 years, this metric has ranged from a low of 2.41 to a high of 7.20. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.07. Chicony Power Technology Co's value of 2.70 is 30.4% above this industry median. Based on the distribution chart, Chicony Power Technology Co ranks #1348 out of 2261 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Chicony Power Technology Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chicony Power Technology Co's Cyclically Adjusted PB Ratio compare to VRT and BE?
According to the Industrial Products industry distribution chart, Chicony Power Technology Co ranks #1348 out of 2261 companies for Cyclically Adjusted PB Ratio. This places Chicony Power Technology Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. Chicony Power Technology Co's value of 2.70 is 30.4% above this benchmark. Historically, Chicony Power Technology Co's own Cyclically Adjusted PB Ratio has ranged from 2.41 to 7.20 over the past decade. While the company's 10-year median is 3.63 vs. the industry median of 2.07, Chicony Power Technology 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 an Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.07, based on 2,261 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. Chicony Power Technology Co's current Cyclically Adjusted PB Ratio of 2.70 is 30.4% 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 Chicony Power Technology Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chicony Power Technology Co's current Cyclically Adjusted PB Ratio is 2.70, which is 26% below median its own 10-year median of 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chicony Power Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Chicony Power Technology Co (TPE:6412) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$105.24, compared to a current price of NT$81.80 — trading 22.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.70, which is 26% below median its 10-year median of 3.63 and 30.4% above the Industrial Products industry median of 2.07. Chicony Power Technology Co's overall GF Score™ is 82/100 with 6 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 Chicony Power Technology Co (TPE:6412), the current Cyclically Adjusted PB Ratio is 2.70 as of Aug. 04, 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 Chicony Power Technology Co (TPE:6412) Overvalued in 2026?

Based on GuruFocus' analysis, Chicony Power Technology Co stock appears to be undervalued. The current stock price of NT$81.80 is trading 22.3% below its estimated GF Value™ of NT$105.24. GuruFocus considers Chicony Power Technology Co to be Modestly Undervalued.

Key valuation signals for TPE:6412:

  • Cyclically Adjusted PB Ratio: 2.70 (26% below median its 10-year median of 3.63)
  • GF Value™: NT$105.24 vs. price of NT$81.80 (22.3% below fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 30.4% above the Industrial Products median (#1348 of 2261)

No single metric tells the full story. See the TPE:6412 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chicony Power Technology Co Business Description

Address No.69, Guangfu Road, 30th Floor, Section 2, TaSmart Building Systemn, Sanchong District, New Taipei City, TWN, 241
Chicony Power Technology Co Ltd is a Taiwan-based company that is principally engaged in developing, manufacturing, and selling switching power supplies, electronic components and LED lighting modules, and smart building solutions. Its product categories are Power Supply, LED Applications, and Electric Motor. The majority of its revenue comes from the sale of Electronic component products. Its geographical segments are Asia, the United States, Europe, and others.
82GF Score

Get the complete analysis for TPE:6412

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

NT$81.80
Price
NT$105.24
GF Value