ShunSin Technology Holdings (TPE:6451) Cyclically Adjusted PB Ratio: 5.06 (As of Jul. 30, 2026) — 92% 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:6451 ShunSin Technology Holdings Ltd TPE:6451
64 GF Score
Price NT$342.50
GF Value NT$206.57
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is ShunSin Technology Holdings Cyclically Adjusted PB Ratio?

ShunSin Technology Holdings TPE:6451 -9.99% 64 Cyclically Adjusted PB Ratio is 5.06 as of Jul. 30, 2026, which is 92% above its 10-year median of 2.64. GuruFocus rates TPE:6451 with a GF Score™ of 64/100 and a GF Value™ of NT$206.57 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 733 Semiconductors companies, ShunSin Technology Holdings ranks worse than 73.12% on this metric.

As of today (2026-07-30), ShunSin Technology Holdings's current share price is NT$342.50. ShunSin Technology Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was NT$67.75. ShunSin Technology Holdings's Cyclically Adjusted PB Ratio for today is 5.06.

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

TPE:6451' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.45   Med: 2.64   Max: 9.83
Current: 6.46

During the past years, ShunSin Technology Holdings's highest Cyclically Adjusted PB Ratio was 9.83. The lowest was 1.45. And the median was 2.64.

TPE:6451's Cyclically Adjusted PB Ratio is ranked worse than
73.12% of 733 companies
in the Semiconductors industry
Industry Median: 3.11 vs TPE:6451: 6.46

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.

ShunSin Technology Holdings's adjusted book value per share data for the three months ended in Mar. 2026 was NT$66.758. 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$67.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ShunSin Technology Holdings  (TPE:6451) 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.


ShunSin Technology Holdings Cyclically Adjusted PB Ratio Related Terms


ShunSin Technology Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ShunSin Technology Holdings'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.

ShunSin Technology Holdings Cyclically Adjusted PB Ratio Chart

ShunSin Technology Holdings 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 0.00 0.00 2.13 3.58 2.48

ShunSin Technology Holdings 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 2.26 2.08 2.30 2.48 4.37

TPE:6451 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, ShunSin Technology Holdings'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.


ShunSin Technology Holdings Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


TPE:6451
64GF Score
ShunSin Technology Holdings Ltd TPE:6451
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ShunSin Technology Holdings 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=342.50/67.75
=5.06

* 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.

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

For example, ShunSin Technology Holdings'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)
=66.758/330.2130*330.2130
=66.758

Current CPI (Mar. 2026) = 330.2130.

ShunSin Technology Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201606 55.307 241.018 75.775
201609 54.683 241.428 74.793
201612 56.497 241.432 77.272
201703 53.601 243.801 72.599
201706 50.087 244.955 67.520
201709 51.009 246.819 68.244
201712 51.086 246.524 68.428
201803 53.203 249.554 70.399
201806 52.273 251.989 68.500
201809 50.637 252.439 66.238
201812 53.265 251.233 70.010
201903 54.705 254.202 71.063
201906 52.679 256.143 67.912
201909 53.321 256.759 68.575
201912 53.911 256.974 69.276
202003 50.060 258.115 64.043
202006 50.738 257.797 64.990
202009 54.932 260.280 69.691
202012 58.870 260.474 74.632
202103 60.735 264.877 75.716
202106 57.075 271.696 69.368
202109 58.997 274.310 71.020
202112 58.986 278.802 69.863
202203 61.959 287.504 71.163
202206 58.814 296.311 65.543
202209 61.058 296.808 67.930
202212 58.908 296.797 65.540
202303 60.615 301.836 66.314
202306 56.830 305.109 61.506
202309 62.019 307.789 66.537
202312 59.656 306.746 64.220
202403 62.559 312.332 66.141
202406 61.870 314.175 65.028
202409 61.970 315.301 64.901
202412 62.772 315.605 65.677
202503 66.088 319.799 68.240
202506 48.600 322.561 49.753
202509 55.065 324.800 55.983
202512 61.483 324.054 62.652
202603 66.758 330.213 66.758

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 5.06 mean?
ShunSin Technology Holdings (TPE:6451) has a Cyclically Adjusted PB Ratio of 5.06 as of Jul. 30, 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 ShunSin Technology Holdings and its competitors. This is 92% above median its historical median of 2.64. Over the past decade, ShunSin Technology Holdings' Cyclically Adjusted PB Ratio has ranged from 1.45 to 9.83. According to the industry distribution chart, ShunSin Technology Holdings ranks #536 out of 733 companies in the Semiconductors industry, placing it in the top 73.1%.
Is ShunSin Technology Holdings' Cyclically Adjusted PB Ratio too high?
ShunSin Technology Holdings' current Cyclically Adjusted PB Ratio of 5.06 is 92% above median its 10-year median of 2.64. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 9.83. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.11. ShunSin Technology Holdings' value of 5.06 is 62.7% above this industry median. Based on the distribution chart, ShunSin Technology Holdings ranks #536 out of 733 companies in the Semiconductors industry, which is below the industry midpoint. Overall, ShunSin Technology Holdings has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ShunSin Technology Holdings' Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, ShunSin Technology Holdings ranks #536 out of 733 companies for Cyclically Adjusted PB Ratio. This places ShunSin Technology Holdings in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.11. ShunSin Technology Holdings' value of 5.06 is 62.7% above this benchmark. Historically, ShunSin Technology Holdings' own Cyclically Adjusted PB Ratio has ranged from 1.45 to 9.83 over the past decade. While the company's 10-year median is 2.64 vs. the industry median of 3.11, ShunSin Technology Holdings 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 Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.11, based on 733 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. ShunSin Technology Holdings's current Cyclically Adjusted PB Ratio of 5.06 is 62.7% 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 ShunSin Technology Holdings and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ShunSin Technology Holdings's current Cyclically Adjusted PB Ratio is 5.06, which is 92% above median its own 10-year median of 2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ShunSin Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, ShunSin Technology Holdings (TPE:6451) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$206.57, compared to a current price of NT$342.50 — trading 65.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.06, which is 92% above median its 10-year median of 2.64 and 62.7% above the Semiconductors industry median of 3.11. ShunSin Technology Holdings' overall GF Score™ is 64/100 with 8 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 ShunSin Technology Holdings (TPE:6451), the current Cyclically Adjusted PB Ratio is 5.06 as of Jul. 30, 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 ShunSin Technology Holdings (TPE:6451) Overvalued in 2026?

Based on GuruFocus' analysis, ShunSin Technology Holdings stock appears to be overvalued. The current stock price of NT$342.50 is trading 65.8% above its estimated GF Value™ of NT$206.57. GuruFocus considers ShunSin Technology Holdings to be Significantly Overvalued.

Key valuation signals for TPE:6451:

  • Cyclically Adjusted PB Ratio: 5.06 (92% above median its 10-year median of 2.64)
  • GF Value™: NT$206.57 vs. price of NT$342.50 (65.8% above fair value)
  • GF Score™: 64/100 with 8 warning signs
  • Industry Position: 62.7% above the Semiconductors median (#536 of 733)

No single metric tells the full story. See the TPE:6451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ShunSin Technology Holdings Business Description

Address No. 495, Guangfu South Road, 11th Floor-5, Xinyi District, Taipei, TWN, 110
ShunSin Technology Holdings Ltd is a technology company engaged in the assembly, testing, and sale of various semiconductor-related integrated circuits. It assembles, tests, and sells various integrated circuits related to semiconductors. Its product portfolio consists of power amplifiers, wifi modules, thick-film hybrid integrated circuits, and MEMS module & Sensor. Geographically, it derives a majority of its revenue from the United States and also has a presence in Singapore, Taiwan, Mainland China, Korea, and other countries.
64GF Score

Get the complete analysis for TPE:6451

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

NT$342.50
Price
NT$206.57
GF Value