Aspeed Technology (ROCO:5274) Cyclically Adjusted FCF per Share: NT$43.91 (As of Mar. 2026)

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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.

ROCO:5274 Aspeed Technology Inc ROCO:5274
81 GF Score
Price NT$15,975.00
GF Value NT$9,034.76
Valuation Significantly Overvalued
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What is Aspeed Technology Cyclically Adjusted FCF per Share?

Aspeed Technology ROCO:5274 +9.98% 81 Cyclically Adjusted FCF per Share is NT$43.91 as of Mar. 2026. GuruFocus rates ROCO:5274 with a GF Score™ of 81/100 and a GF Value™ of NT$9,034.76 (Significantly Overvalued).

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Aspeed Technology's adjusted free cash flow per share for the three months ended in Mar. 2026 was NT$33.854. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$43.91 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Aspeed Technology's average Cyclically Adjusted FCF Growth Rate was 32.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 21.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Aspeed Technology was 22.40% per year. The lowest was 21.20% per year. And the median was 21.80% per year.

As of today (2026-08-04), Aspeed Technology's current stock price is NT$15975.00. Aspeed Technology's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was NT$43.91. Aspeed Technology's Cyclically Adjusted Price-to-FCF of today is 363.81.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Aspeed Technology was 392.54. The lowest was 65.33. And the median was 123.04.


Aspeed Technology  (ROCO:5274) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Aspeed Technology's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=15975.00/43.91
=363.81

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Aspeed Technology was 392.54. The lowest was 65.33. And the median was 123.04.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Aspeed Technology Cyclically Adjusted FCF per Share Related Terms


Aspeed Technology Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Aspeed Technology's Cyclically Adjusted FCF per Share 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.

Aspeed Technology Cyclically Adjusted FCF per Share Chart

Aspeed Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.68 22.59 23.66 30.56 40.21

Aspeed Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share 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 33.17 35.15 37.76 40.21 43.91

ROCO:5274 vs NVDA, AVGO, MU: Cyclically Adjusted FCF per Share Comparison

For the Semiconductors subindustry, Aspeed Technology's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Aspeed Technology Cyclically Adjusted Price-to-FCF vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Aspeed Technology's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Aspeed Technology's Cyclically Adjusted Price-to-FCF falls into.


ROCO:5274
81GF Score
Aspeed Technology Inc ROCO:5274
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aspeed Technology Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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.

For example, Aspeed Technology's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=33.854/330.2130*330.2130
=33.854

Current CPI (Mar. 2026) = 330.2130.

Aspeed Technology Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 2.166 241.018 2.968
201609 2.396 241.428 3.277
201612 3.257 241.432 4.455
201703 5.759 243.801 7.800
201706 2.180 244.955 2.939
201709 4.355 246.819 5.826
201712 6.005 246.524 8.044
201803 3.183 249.554 4.212
201806 2.378 251.989 3.116
201809 3.007 252.439 3.933
201812 7.362 251.233 9.676
201903 6.540 254.202 8.496
201906 4.696 256.143 6.054
201909 3.424 256.759 4.404
201912 6.647 256.974 8.541
202003 9.195 258.115 11.763
202006 3.404 257.797 4.360
202009 7.289 260.280 9.247
202012 5.103 260.474 6.469
202103 8.426 264.877 10.504
202106 9.071 271.696 11.025
202109 10.423 274.310 12.547
202112 9.799 278.802 11.606
202203 12.375 287.504 14.213
202206 11.632 296.311 12.963
202209 15.917 296.808 17.708
202212 12.608 296.797 14.028
202303 9.093 301.836 9.948
202306 -2.643 305.109 -2.860
202309 -3.775 307.789 -4.050
202312 6.121 306.746 6.589
202403 10.729 312.332 11.343
202406 14.607 314.175 15.353
202409 17.722 315.301 18.560
202412 27.035 315.605 28.286
202503 26.899 319.799 27.775
202506 17.512 322.561 17.927
202509 25.545 324.800 25.971
202512 29.711 324.054 30.276
202603 33.854 330.213 33.854

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of NT$43.91 mean?
Aspeed Technology (ROCO:5274) has a Cyclically Adjusted FCF per Share of NT$43.91 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Aspeed Technology and its competitors.
Is Aspeed Technology's Cyclically Adjusted FCF per Share too high?
Aspeed Technology's current Cyclically Adjusted FCF per Share is NT$43.91. Overall, Aspeed Technology has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspeed Technology's Cyclically Adjusted FCF per Share compare to NVDA and AVGO?
Aspeed Technology's Cyclically Adjusted FCF per Share of NT$43.91 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Semiconductors company?
A good Cyclically Adjusted FCF per Share depends on the Semiconductors industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Aspeed Technology and its competitors. Aspeed Technology's current Cyclically Adjusted FCF per Share is NT$43.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspeed Technology stock overvalued right now?
Based on GuruFocus' analysis, Aspeed Technology (ROCO:5274) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$9,034.76, compared to a current price of NT$15,975.00 — trading 76.8% above its estimated fair value. The current Cyclically Adjusted FCF per Share is NT$43.91. Aspeed Technology's overall GF Score™ is 81/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Aspeed Technology (ROCO:5274), the current Cyclically Adjusted FCF per Share is NT$43.91 as of Mar. 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 Aspeed Technology (ROCO:5274) Overvalued in 2026?

Based on GuruFocus' analysis, Aspeed Technology stock appears to be overvalued. The current stock price of NT$15,975.00 is trading 76.8% above its estimated GF Value™ of NT$9,034.76. GuruFocus considers Aspeed Technology to be Significantly Overvalued.

Key valuation signals for ROCO:5274:

  • Cyclically Adjusted FCF per Share: NT$43.91
  • GF Value™: NT$9,034.76 vs. price of NT$15,975.00 (76.8% above fair value)
  • GF Score™: 81/100

No single metric tells the full story. See the ROCO:5274 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aspeed Technology Business Description

Address Gongdao 5th Road, 4th Floor, No. 1, Section 3, East District, Hsinchu, TWN, 300042
Aspeed Technology Inc is an IC design house in Server Management, PC/AV extension solutions, Desktop Virtualization and security enhancement. The company is engaged in the manufacturing of electronic products, wholesale of information software, retail and service industry, international trade, intellectual property, product design, and other industrial and commercial services. It operates through Multimedia Integrated Circuits (ICs); Computer Peripherals Oriented ICs; and Other segments. The company generates maximum of its revenue from Multimedia Integrated Circuits (ICs) segment.
81GF Score

Get the complete analysis for ROCO:5274

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

NT$15,975.00
Price
NT$9,034.76
GF Value