Internet of things (IOT) makes limitation on power consumption for sensors and portable devices. Thus exact computation for multiplication and division processes are not allowed due to the huge amount of power consumption. To address these limitations, a low power multiplication/division computing unit is proposed. This approach is based on transforming the complex and power-hungry multiplication and division operations to a simple addition and subtraction process. Then, the efficient piecewise uniform approximation logarithmic and antilogarithmic converters are utilized to complete the computation process. Synthesis of the proposed computing unit using 90 nm CMOS technology, 1.0 V supply voltage standard cell library with 'typical corner' operating condition, reveal that significant power dissipation savings are possible at no performance penalty, when compared with approximate computing approach.