APCB (TPE:6108) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:6108 APCB Inc TPE:6108
57 GF Score
Price NT$24.10
GF Value NT$15.41
Valuation Significantly Overvalued
! 4 Warning Signs
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What is APCB Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


APCB  (TPE:6108) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


APCB Cyclically Adjusted PS Ratio Related Terms


APCB Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for APCB's Cyclically Adjusted PS 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.

APCB Cyclically Adjusted PS Ratio Chart

APCB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.27 0.36 0.29 0.26

APCB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 0.24 0.26 0.26 0.29 0.34

TPE:6108 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, APCB's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


APCB Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, APCB's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where APCB's Cyclically Adjusted PS Ratio falls into.


TPE:6108
57GF Score
APCB Inc TPE:6108
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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APCB Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

APCB's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, APCB's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=9.094/333.9520*333.9520
=9.094

Current CPI (Jun. 2026) = 333.9520.

APCB Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 14.206 241.428 19.650
201612 13.305 241.432 18.404
201703 12.298 243.801 16.845
201706 13.373 244.955 18.232
201709 14.710 246.819 19.903
201712 13.428 246.524 18.190
201803 13.576 249.554 18.167
201806 14.322 251.989 18.980
201809 14.265 252.439 18.871
201812 13.122 251.233 17.442
201903 11.552 254.202 15.176
201906 12.069 256.143 15.735
201909 12.963 256.759 16.860
201912 11.995 256.974 15.588
202003 10.876 258.115 14.071
202006 13.572 257.797 17.581
202009 13.784 260.280 17.686
202012 13.717 260.474 17.586
202103 13.801 264.877 17.400
202106 14.428 271.696 17.734
202109 14.718 274.310 17.918
202112 13.659 278.802 16.361
202203 11.211 287.504 13.022
202206 10.762 296.311 12.129
202209 12.030 296.808 13.535
202212 9.378 296.797 10.552
202303 8.847 301.836 9.788
202306 9.107 305.109 9.968
202309 10.380 307.789 11.262
202312 8.852 306.746 9.637
202403 8.465 312.332 9.051
202406 8.303 314.175 8.826
202409 8.425 315.301 8.923
202412 6.599 315.605 6.983
202503 5.993 319.799 6.258
202506 6.500 322.561 6.730
202509 7.500 324.800 7.711
202512 6.517 324.054 6.716
202603 6.496 330.213 6.570
202606 9.094 333.952 9.094

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is APCB (TPE:6108) Overvalued in 2026?

Based on GuruFocus' analysis, APCB stock appears to be overvalued. The current stock price of NT$24.10 is trading 56.4% above its estimated GF Value™ of NT$15.41. GuruFocus considers APCB to be Significantly Overvalued.

Key valuation signals for TPE:6108:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$15.41 vs. price of NT$24.10 (56.4% above fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the TPE:6108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


APCB Business Description

Address No. 6, Lane 84, Junying Street, Shulin District, New Taipei City, TWN, 23863
APCB Inc engages in the production and sale of printed circuit boards in Taiwan and internationally. The company products include double-sided printed circuit boards and multi-layer printed circuit boards. It offers NB boards for memory modules, notebook computers, and network cards; TFT/LCDs. The Group consists of three reporting segments: Taiwan, Mainland China, and Thailand, of which majority revenue is derived from China.
57GF Score

Get the complete analysis for TPE:6108

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

NT$24.10
Price
NT$15.41
GF Value