Chunghwa Precision Test Tech Co (ROCO:6510) Cyclically Adjusted FCF per Share: NT$10.57 (As of Dec. 2025)

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.

ROCO:6510 Chunghwa Precision Test Tech Co Ltd ROCO:6510
73 GF Score
Price NT$2,495.00
GF Value NT$1,130.88
Valuation Significantly Overvalued
View Full Analysis

What is Chunghwa Precision Test Tech Co Cyclically Adjusted FCF per Share?

Chunghwa Precision Test Tech Co ROCO:6510 +9.91% 73 Cyclically Adjusted FCF per Share is NT$10.57 as of Dec. 2025. GuruFocus rates ROCO:6510 with a GF Score™ of 73/100 and a GF Value™ of NT$1,130.88 (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.

Chunghwa Precision Test Tech Co's adjusted free cash flow per share for the three months ended in Dec. 2025 was NT$13.262. 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$10.57 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Chunghwa Precision Test Tech Co's average Cyclically Adjusted FCF Growth Rate was 39.10% 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.

As of today (2026-07-31), Chunghwa Precision Test Tech Co's current stock price is NT$2495.00. Chunghwa Precision Test Tech Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2025 was NT$10.57. Chunghwa Precision Test Tech Co's Cyclically Adjusted Price-to-FCF of today is 236.05.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Chunghwa Precision Test Tech Co was 376.54. The lowest was 58.68. And the median was 91.42.


Chunghwa Precision Test Tech Co  (ROCO:6510) 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.

Chunghwa Precision Test Tech Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2495.00/10.57
=236.05

* 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 Chunghwa Precision Test Tech Co was 376.54. The lowest was 58.68. And the median was 91.42.


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.


Chunghwa Precision Test Tech Co Cyclically Adjusted FCF per Share Related Terms


Chunghwa Precision Test Tech Co Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Chunghwa Precision Test Tech Co'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.

Chunghwa Precision Test Tech Co Cyclically Adjusted FCF per Share Chart

Chunghwa Precision Test Tech Co 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 0.00 0.00 6.72 7.60 10.57

Chunghwa Precision Test Tech Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 7.60 9.22 9.75 10.08 10.57

ROCO:6510 vs AMAT, LRCX, KLAC: Cyclically Adjusted FCF per Share Comparison

For the Semiconductor Equipment & Materials subindustry, Chunghwa Precision Test Tech Co'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.


Chunghwa Precision Test Tech Co Cyclically Adjusted Price-to-FCF vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Chunghwa Precision Test Tech Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Chunghwa Precision Test Tech Co's Cyclically Adjusted Price-to-FCF falls into.


ROCO:6510
73GF Score
Chunghwa Precision Test Tech Co Ltd ROCO:6510
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chunghwa Precision Test Tech Co 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, Chunghwa Precision Test Tech Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=13.262/324.0540*324.0540
=13.262

Current CPI (Dec. 2025) = 324.0540.

Chunghwa Precision Test Tech Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 2.389 238.132 3.251
201606 1.249 241.018 1.679
201609 -5.502 241.428 -7.385
201612 2.827 241.432 3.794
201703 -14.149 243.801 -18.806
201706 9.500 244.955 12.568
201709 3.999 246.819 5.250
201712 6.783 246.524 8.916
201803 -1.424 249.554 -1.849
201806 6.872 251.989 8.837
201809 -1.602 252.439 -2.056
201812 -0.347 251.233 -0.448
201903 -0.935 254.202 -1.192
201906 -14.637 256.143 -18.518
201909 -13.746 256.759 -17.349
201912 1.317 256.974 1.661
202003 2.008 258.115 2.521
202006 10.741 257.797 13.502
202009 9.876 260.280 12.296
202012 5.865 260.474 7.297
202103 4.161 264.877 5.091
202106 -0.411 271.696 -0.490
202109 -1.065 274.310 -1.258
202112 14.792 278.802 17.193
202203 5.363 287.504 6.045
202206 -10.037 296.311 -10.977
202209 2.249 296.808 2.455
202212 15.212 296.797 16.609
202303 -0.851 301.836 -0.914
202306 -2.082 305.109 -2.211
202309 -2.017 307.789 -2.124
202312 4.630 306.746 4.891
202403 -2.737 312.332 -2.840
202406 7.437 314.175 7.671
202409 1.732 315.301 1.780
202412 7.382 315.605 7.580
202503 16.992 319.799 17.218
202506 5.814 322.561 5.841
202509 6.953 324.800 6.937
202512 13.262 324.054 13.262

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$10.57 mean?
Chunghwa Precision Test Tech Co (ROCO:6510) has a Cyclically Adjusted FCF per Share of NT$10.57 as of Dec. 2025. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Chunghwa Precision Test Tech Co and its competitors.
Is Chunghwa Precision Test Tech Co's Cyclically Adjusted FCF per Share too high?
Chunghwa Precision Test Tech Co's current Cyclically Adjusted FCF per Share is NT$10.57. Overall, Chunghwa Precision Test Tech Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chunghwa Precision Test Tech Co's Cyclically Adjusted FCF per Share compare to AMAT and LRCX?
Chunghwa Precision Test Tech Co's Cyclically Adjusted FCF per Share of NT$10.57 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 Chunghwa Precision Test Tech Co and its competitors. Chunghwa Precision Test Tech Co's current Cyclically Adjusted FCF per Share is NT$10.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chunghwa Precision Test Tech Co stock overvalued right now?
Based on GuruFocus' analysis, Chunghwa Precision Test Tech Co (ROCO:6510) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$1,130.88, compared to a current price of NT$2,495.00 — trading 120.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is NT$10.57. Chunghwa Precision Test Tech Co's overall GF Score™ is 73/100. 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 Chunghwa Precision Test Tech Co (ROCO:6510), the current Cyclically Adjusted FCF per Share is NT$10.57 as of Dec. 2025. 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 Chunghwa Precision Test Tech Co (ROCO:6510) Overvalued in 2026?

Based on GuruFocus' analysis, Chunghwa Precision Test Tech Co stock appears to be overvalued. The current stock price of NT$2,495.00 is trading 120.6% above its estimated GF Value™ of NT$1,130.88. GuruFocus considers Chunghwa Precision Test Tech Co to be Significantly Overvalued.

Key valuation signals for ROCO:6510:

  • Cyclically Adjusted FCF per Share: NT$10.57
  • GF Value™: NT$1,130.88 vs. price of NT$2,495.00 (120.6% above fair value)
  • GF Score™: 73/100

No single metric tells the full story. See the ROCO:6510 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chunghwa Precision Test Tech Co Business Description

Address No. 12, Industrial Road 3, Pingzhen District, Taoyuan, TWN, 32459
Chunghwa Precision Test Tech Co Ltd is engaged mainly in the testing of semiconductor components, the production of printed circuit boards, and the marketing of electronic products. The company earns operating revenue from the production and sales of semiconductor testing components and printed circuit boards, as well as other electronic products. It also earns revenue from the rendering of services such as designing and maintaining semiconductor components, printed circuit boards, and providing after-sales services. It generates maximum revenue from the sale of wafer test boards. Geographically, the company generates maximum revenue from Taiwan, followed by the United States, China, and Other regions.
73GF Score

Get the complete analysis for ROCO:6510

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

NT$2,495.00
Price
NT$1,130.88
GF Value