Solar Applied Materials Technology (ROCO:1785) Cyclically Adjusted PS Ratio: 1.87 (As of Aug. 10, 2026) — 307% Above Median

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:1785 Solar Applied Materials Technology Corp ROCO:1785
59 GF Score
Price NT$114.50
GF Value NT$88.10
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Solar Applied Materials Technology Cyclically Adjusted PS Ratio?

Solar Applied Materials Technology ROCO:1785 -0.43% 59 Cyclically Adjusted PS Ratio is 1.87 as of Aug. 10, 2026, which is 307% above its 10-year median of 0.46. GuruFocus rates ROCO:1785 with a GF Score™ of 59/100 and a GF Value™ of NT$88.10 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,275 Chemicals companies, Solar Applied Materials Technology ranks worse than 60.86% on this metric.

As of today (2026-08-10), Solar Applied Materials Technology's current share price is NT$114.50. Solar Applied Materials Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$61.25. Solar Applied Materials Technology's Cyclically Adjusted PS Ratio for today is 1.87.

The historical rank and industry rank for Solar Applied Materials Technology's Cyclically Adjusted PS Ratio or its related term are showing as below:

ROCO:1785' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.46   Max: 2.73
Current: 1.87

During the past years, Solar Applied Materials Technology's highest Cyclically Adjusted PS Ratio was 2.73. The lowest was 0.13. And the median was 0.46.

ROCO:1785's Cyclically Adjusted PS Ratio is ranked worse than
60.86% of 1275 companies
in the Chemicals industry
Industry Median: 1.34 vs ROCO:1785: 1.87

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Solar Applied Materials Technology's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$24.363. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is NT$61.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Solar Applied Materials Technology  (ROCO:1785) 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.


Solar Applied Materials Technology Cyclically Adjusted PS Ratio Related Terms


Solar Applied Materials Technology Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Solar Applied Materials Technology'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.

Solar Applied Materials Technology Cyclically Adjusted PS Ratio Chart

Solar Applied Materials Technology 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 0.52 0.37 0.47 0.86 1.09

Solar Applied Materials 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 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 0.86 0.84 0.99 1.09 1.46

ROCO:1785 vs CRS, ATI, MLI: Cyclically Adjusted PS Ratio Comparison

For the Specialty Chemicals subindustry, Solar Applied Materials Technology'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.


Solar Applied Materials Technology Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solar Applied Materials Technology's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Solar Applied Materials Technology's Cyclically Adjusted PS Ratio falls into.


ROCO:1785
59GF Score
Solar Applied Materials Technology Corp ROCO:1785
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solar Applied Materials Technology 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.

Solar Applied Materials Technology's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=114.50/61.25
=1.87

* 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.

Solar Applied Materials Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Solar Applied Materials Technology's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=24.363/330.2130*330.2130
=24.363

Current CPI (Mar. 2026) = 330.2130.

Solar Applied Materials Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 15.254 241.018 20.899
201609 14.571 241.428 19.929
201612 11.080 241.432 15.154
201703 9.605 243.801 13.009
201706 9.413 244.955 12.689
201709 12.565 246.819 16.810
201712 13.715 246.524 18.371
201803 12.782 249.554 16.913
201806 12.490 251.989 16.367
201809 13.600 252.439 17.790
201812 12.314 251.233 16.185
201903 11.571 254.202 15.031
201906 11.469 256.143 14.786
201909 14.675 256.759 18.873
201912 10.889 256.974 13.992
202003 10.827 258.115 13.851
202006 12.956 257.797 16.595
202009 15.123 260.280 19.186
202012 13.253 260.474 16.801
202103 13.017 264.877 16.228
202106 13.019 271.696 15.823
202109 13.936 274.310 16.776
202112 13.583 278.802 16.088
202203 12.865 287.504 14.776
202206 11.812 296.311 13.163
202209 10.176 296.808 11.321
202212 8.680 296.797 9.657
202303 8.139 301.836 8.904
202306 9.734 305.109 10.535
202309 10.053 307.789 10.785
202312 10.200 306.746 10.980
202403 10.596 312.332 11.203
202406 12.836 314.175 13.491
202409 12.812 315.301 13.418
202412 13.758 315.605 14.395
202503 13.802 319.799 14.251
202506 15.891 322.561 16.268
202509 17.434 324.800 17.725
202512 18.714 324.054 19.070
202603 24.363 330.213 24.363

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.

What does a Cyclically Adjusted PS Ratio of 1.87 mean?
Solar Applied Materials Technology (ROCO:1785) has a Cyclically Adjusted PS Ratio of 1.87 as of Aug. 10, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Solar Applied Materials Technology and its competitors. This is 307% above median its historical median of 0.46. Over the past decade, Solar Applied Materials Technology's Cyclically Adjusted PS Ratio has ranged from 0.13 to 2.73. According to the industry distribution chart, Solar Applied Materials Technology ranks #776 out of 1275 companies in the Chemicals industry, placing it in the top 60.9%.
Is Solar Applied Materials Technology's Cyclically Adjusted PS Ratio too high?
Solar Applied Materials Technology's current Cyclically Adjusted PS Ratio of 1.87 is 307% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 2.73. The Chemicals industry median Cyclically Adjusted PS Ratio is 1.34. Solar Applied Materials Technology's value of 1.87 is 39.6% above this industry median. Based on the distribution chart, Solar Applied Materials Technology ranks #776 out of 1275 companies in the Chemicals industry, which is below the industry midpoint. Overall, Solar Applied Materials Technology has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Solar Applied Materials Technology's Cyclically Adjusted PS Ratio compare to CRS and ATI?
According to the Chemicals industry distribution chart, Solar Applied Materials Technology ranks #776 out of 1275 companies for Cyclically Adjusted PS Ratio. This places Solar Applied Materials Technology in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Solar Applied Materials Technology's value of 1.87 is 39.6% above this benchmark. Historically, Solar Applied Materials Technology's own Cyclically Adjusted PS Ratio has ranged from 0.13 to 2.73 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 1.34, Solar Applied Materials Technology 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 PS Ratio for a Chemicals company?
The median Cyclically Adjusted PS Ratio among Chemicals companies is 1.34, based on 1,275 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Solar Applied Materials Technology's current Cyclically Adjusted PS Ratio of 1.87 is 39.6% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Solar Applied Materials Technology and its competitors. For the Chemicals industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solar Applied Materials Technology's current Cyclically Adjusted PS Ratio is 1.87, which is 307% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Applied Materials Technology stock overvalued right now?
Based on GuruFocus' analysis, Solar Applied Materials Technology (ROCO:1785) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$88.10, compared to a current price of NT$114.50 — trading 30% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.87, which is 307% above median its 10-year median of 0.46 and 39.6% above the Chemicals industry median of 1.34. Solar Applied Materials Technology's overall GF Score™ is 59/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Solar Applied Materials Technology (ROCO:1785), the current Cyclically Adjusted PS Ratio is 1.87 as of Aug. 10, 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 Solar Applied Materials Technology (ROCO:1785) Overvalued in 2026?

Based on GuruFocus' analysis, Solar Applied Materials Technology stock appears to be overvalued. The current stock price of NT$114.50 is trading 30% above its estimated GF Value™ of NT$88.10. GuruFocus considers Solar Applied Materials Technology to be Modestly Overvalued.

Key valuation signals for ROCO:1785:

  • Cyclically Adjusted PS Ratio: 1.87 (307% above median its 10-year median of 0.46)
  • GF Value™: NT$88.10 vs. price of NT$114.50 (30% above fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 39.6% above the Chemicals median (#776 of 1275)

No single metric tells the full story. See the ROCO:1785 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Solar Applied Materials Technology Business Description

Address No. 1, Gongye 3rd Road, Annan District, Tainan, TWN, 70955
Solar Applied Materials Technology Corp is a company involved in research and development and manufacturing of thin-film sputtering targets. It is engaged in manufacturing, processing, recycling, refining, and trading of sputtering targets for thin film, precious metal materials, and specialty chemicals for automobiles. The firm's operating segment includes Solar and Solar (KunShan). The firm generates the majority of its revenue from Solar (KunShan), which is principally engaged in producing photovoltaic sputtering targets for thin film, electroplating chemicals, specialty chemicals for automobiles, and electroplating processing.
59GF Score

Get the complete analysis for ROCO:1785

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

NT$114.50
Price
NT$88.10
GF Value