WinWay Technology Co (TPE:6515) Cyclically Adjusted PB Ratio: 63.00 (As of Aug. 03, 2026) — 16% Above Median

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TPE:6515 WinWay Technology Co Ltd TPE:6515
76 GF Score
Price NT$5,815.00
GF Value NT$2,430.82
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is WinWay Technology Co Cyclically Adjusted PB Ratio?

WinWay Technology Co TPE:6515 +9.92% 76 Cyclically Adjusted PB Ratio is 63.00 as of Aug. 03, 2026, which is 16% above its 10-year median of 54.23. GuruFocus rates TPE:6515 with a GF Score™ of 76/100 and a GF Value™ of NT$2,430.82 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 731 Semiconductors companies, WinWay Technology Co ranks worse than 99.32% on this metric.

As of today (2026-08-03), WinWay Technology Co's current share price is NT$5815.00. WinWay Technology Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was NT$92.30. WinWay Technology Co's Cyclically Adjusted PB Ratio for today is 63.00.

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

TPE:6515' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 31.37   Med: 54.23   Max: 85.92
Current: 68.2

During the past 10 years, WinWay Technology Co's highest Cyclically Adjusted PB Ratio was 85.92. The lowest was 31.37. And the median was 54.23.

TPE:6515's Cyclically Adjusted PB Ratio is ranked worse than
99.32% of 731 companies
in the Semiconductors industry
Industry Median: 3.1 vs TPE:6515: 68.20

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.

WinWay Technology Co's adjusted book value per share data of for the fiscal year that ended in Dec25 was NT$178.828. 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$92.30 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


WinWay Technology Co  (TPE:6515) 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.


WinWay Technology Co Cyclically Adjusted PB Ratio Related Terms


WinWay Technology Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for WinWay 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.

WinWay Technology Co Cyclically Adjusted PB Ratio Chart

WinWay 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 0.00 0.00 0.00 0.00 30.77

WinWay 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 0.00 0.00 0.00 30.77 0.00

TPE:6515 vs NVDA, AVGO, MU: Cyclically Adjusted PB Ratio Comparison

For the Semiconductors subindustry, WinWay 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.


WinWay Technology Co Cyclically Adjusted PB Ratio vs Semiconductors Industry

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

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


TPE:6515
76GF Score
WinWay Technology Co Ltd TPE:6515
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WinWay 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5815.00/92.30
=63.00

* 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.

WinWay Technology Co's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, WinWay Technology Co's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=178.828/324.0540*324.0540
=178.828

Current CPI (Dec25) = 324.0540.

WinWay Technology Co Annual Data

Book Value per Share CPI Adj_Book
201612 32.854 241.432 44.097
201712 29.091 246.524 38.240
201812 32.864 251.233 42.390
201912 51.721 256.974 65.222
202012 57.949 260.474 72.094
202112 86.449 278.802 100.480
202212 106.999 296.797 116.825
202312 100.349 306.746 106.011
202412 154.642 315.605 158.782
202512 178.828 324.054 178.828

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 63.00 mean?
WinWay Technology Co (TPE:6515) has a Cyclically Adjusted PB Ratio of 63.00 as of Aug. 03, 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 WinWay Technology Co and its competitors. This is 16% above median its historical median of 54.23. Over the past decade, WinWay Technology Co's Cyclically Adjusted PB Ratio has ranged from 31.37 to 85.92. According to the industry distribution chart, WinWay Technology Co ranks #726 out of 731 companies in the Semiconductors industry, placing it in the top 99.3%.
Is WinWay Technology Co's Cyclically Adjusted PB Ratio too high?
WinWay Technology Co's current Cyclically Adjusted PB Ratio of 63.00 is 16% above median its 10-year median of 54.23. Over the past 10 years, this metric has ranged from a low of 31.37 to a high of 85.92. The Semiconductors industry median Cyclically Adjusted PB Ratio is 3.10. WinWay Technology Co's value of 63.00 is 1932.3% above this industry median. Based on the distribution chart, WinWay Technology Co ranks #726 out of 731 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, WinWay Technology Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WinWay Technology Co's Cyclically Adjusted PB Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, WinWay Technology Co ranks #726 out of 731 companies for Cyclically Adjusted PB Ratio. This places WinWay Technology Co in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 3.10. WinWay Technology Co's value of 63.00 is 1932.3% above this benchmark. Historically, WinWay Technology Co's own Cyclically Adjusted PB Ratio has ranged from 31.37 to 85.92 over the past decade. While the company's 10-year median is 54.23 vs. the industry median of 3.10, WinWay 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 a Semiconductors company?
The median Cyclically Adjusted PB Ratio among Semiconductors companies is 3.10, 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. WinWay Technology Co's current Cyclically Adjusted PB Ratio of 63.00 is 1932.3% 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 WinWay Technology Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PB Ratio is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WinWay Technology Co's current Cyclically Adjusted PB Ratio is 63.00, which is 16% above median its own 10-year median of 54.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WinWay Technology Co stock overvalued right now?
Based on GuruFocus' analysis, WinWay Technology Co (TPE:6515) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$2,430.82, compared to a current price of NT$5,815.00 — trading 139.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 63.00, which is 16% above median its 10-year median of 54.23 and 1932.3% above the Semiconductors industry median of 3.10. WinWay Technology Co's overall GF Score™ is 76/100 with 4 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 WinWay Technology Co (TPE:6515), the current Cyclically Adjusted PB Ratio is 63.00 as of Aug. 03, 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 WinWay Technology Co (TPE:6515) Overvalued in 2026?

Based on GuruFocus' analysis, WinWay Technology Co stock appears to be overvalued. The current stock price of NT$5,815.00 is trading 139.2% above its estimated GF Value™ of NT$2,430.82. GuruFocus considers WinWay Technology Co to be Significantly Overvalued.

Key valuation signals for TPE:6515:

  • Cyclically Adjusted PB Ratio: 63.00 (16% above median its 10-year median of 54.23)
  • GF Value™: NT$2,430.82 vs. price of NT$5,815.00 (139.2% above fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 1932.3% above the Semiconductors median (#726 of 731)

No single metric tells the full story. See the TPE:6515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WinWay Technology Co Business Description

Address Chuangyi South Road, No. 68, Nanzih District, Kaohsiung City, TWN, 811646
WinWay Technology Co Ltd company is engaged in designing, processing, and sales of optoelectronic product test fixtures, integrated circuit test interfaces and fixtures and their key components, and the import and export trade of related products. Its products are Package Test, Wafer Test, Thermal control Products. The group has one reportable segment. This segment is mainly the manufacturing and sales of optoelectronic products test fixtures. Geographically, the company has a presence in Taiwan, America, China, Asia, Europe, and Canada where it generates the majority of its revenue from America.
76GF Score

Get the complete analysis for TPE:6515

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

NT$5,815.00
Price
NT$2,430.82
GF Value