Niching Industrial (ROCO:3444) Cyclically Adjusted PS Ratio: 2.75 (As of Aug. 14, 2026) — 34% Above Median

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ROCO:3444 Niching Industrial Corp ROCO:3444
63 GF Score
Price NT$78.70
GF Value NT$91.58
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Niching Industrial Cyclically Adjusted PS Ratio?

Niching Industrial ROCO:3444 +1.03% 63 Cyclically Adjusted PS Ratio is 2.75 as of Aug. 14, 2026, which is 34% above its 10-year median of 2.05. GuruFocus rates ROCO:3444 with a GF Score™ of 63/100 and a GF Value™ of NT$91.58 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 729 Semiconductors companies, Niching Industrial ranks better than 53.91% on this metric.

As of today (2026-08-14), Niching Industrial's current share price is NT$78.70. Niching Industrial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$28.57. Niching Industrial's Cyclically Adjusted PS Ratio for today is 2.75.

The historical rank and industry rank for Niching Industrial's Cyclically Adjusted PS Ratio or its related term are showing as below:

ROCO:3444' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.99   Med: 2.05   Max: 4.72
Current: 2.64

During the past years, Niching Industrial's highest Cyclically Adjusted PS Ratio was 4.72. The lowest was 0.99. And the median was 2.05.

ROCO:3444's Cyclically Adjusted PS Ratio is ranked better than
53.91% of 729 companies
in the Semiconductors industry
Industry Median: 3.02 vs ROCO:3444: 2.64

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.

Niching Industrial's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$6.982. 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$28.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Niching Industrial  (ROCO:3444) 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.


Niching Industrial Cyclically Adjusted PS Ratio Related Terms


Niching Industrial Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Niching Industrial'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.

Niching Industrial Cyclically Adjusted PS Ratio Chart

Niching Industrial 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 2.24 2.20 3.74 2.81 2.66

Niching Industrial 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 2.15 1.83 2.04 2.66 2.11

ROCO:3444 vs AMAT, LRCX, KLAC: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Niching Industrial'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.


Niching Industrial Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


ROCO:3444
63GF Score
Niching Industrial Corp ROCO:3444
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Niching Industrial 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.

Niching Industrial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=78.70/28.57
=2.75

* 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.

Niching Industrial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Niching Industrial'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)
=6.982/330.2130*330.2130
=6.982

Current CPI (Mar. 2026) = 330.2130.

Niching Industrial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.532 241.018 7.579
201609 5.687 241.428 7.778
201612 5.717 241.432 7.819
201703 5.455 243.801 7.388
201706 5.799 244.955 7.817
201709 5.302 246.819 7.093
201712 5.262 246.524 7.048
201803 5.127 249.554 6.784
201806 4.821 251.989 6.318
201809 5.502 252.439 7.197
201812 4.802 251.233 6.312
201903 4.473 254.202 5.811
201906 4.978 256.143 6.418
201909 5.056 256.759 6.502
201912 4.997 256.974 6.421
202003 5.209 258.115 6.664
202006 5.423 257.797 6.946
202009 5.907 260.280 7.494
202012 6.848 260.474 8.681
202103 7.009 264.877 8.738
202106 7.867 271.696 9.561
202109 7.513 274.310 9.044
202112 7.197 278.802 8.524
202203 7.152 287.504 8.214
202206 7.375 296.311 8.219
202209 5.788 296.808 6.439
202212 5.911 296.797 6.577
202303 5.078 301.836 5.555
202306 5.639 305.109 6.103
202309 5.734 307.789 6.152
202312 5.462 306.746 5.880
202403 5.284 312.332 5.587
202406 6.665 314.175 7.005
202409 6.700 315.301 7.017
202412 6.830 315.605 7.146
202503 6.673 319.799 6.890
202506 7.089 322.561 7.257
202509 6.821 324.800 6.935
202512 7.633 324.054 7.778
202603 6.982 330.213 6.982

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 2.75 mean?
Niching Industrial (ROCO:3444) has a Cyclically Adjusted PS Ratio of 2.75 as of Aug. 14, 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 Niching Industrial and its competitors. This is 34% above median its historical median of 2.05. Over the past decade, Niching Industrial's Cyclically Adjusted PS Ratio has ranged from 0.99 to 4.72. According to the industry distribution chart, Niching Industrial ranks #336 out of 729 companies in the Semiconductors industry, placing it in the top 46.1%.
Is Niching Industrial's Cyclically Adjusted PS Ratio too high?
Niching Industrial's current Cyclically Adjusted PS Ratio of 2.75 is 34% above median its 10-year median of 2.05. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 4.72. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.02. Niching Industrial's value of 2.75 is 8.9% below this industry median. Based on the distribution chart, Niching Industrial ranks #336 out of 729 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Niching Industrial has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Niching Industrial's Cyclically Adjusted PS Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Niching Industrial ranks #336 out of 729 companies for Cyclically Adjusted PS Ratio. This puts Niching Industrial in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.02. Niching Industrial's value of 2.75 is 8.9% below this benchmark. Historically, Niching Industrial's own Cyclically Adjusted PS Ratio has ranged from 0.99 to 4.72 over the past decade. While the company's 10-year median is 2.05 vs. the industry median of 3.02, Niching Industrial has consistently been below 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.02, based on 729 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. Niching Industrial's current Cyclically Adjusted PS Ratio of 2.75 is 8.9% below 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 Niching Industrial and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Niching Industrial's current Cyclically Adjusted PS Ratio is 2.75, which is 34% above median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niching Industrial stock overvalued right now?
Based on GuruFocus' analysis, Niching Industrial (ROCO:3444) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$91.58, compared to a current price of NT$78.70 — trading 14.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.75, which is 34% above median its 10-year median of 2.05 and 8.9% below the Semiconductors industry median of 3.02. Niching Industrial's overall GF Score™ is 63/100 with 3 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 Niching Industrial (ROCO:3444), the current Cyclically Adjusted PS Ratio is 2.75 as of Aug. 14, 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 Niching Industrial (ROCO:3444) Overvalued in 2026?

Based on GuruFocus' analysis, Niching Industrial stock appears to be undervalued. The current stock price of NT$78.70 is trading 14.1% below its estimated GF Value™ of NT$91.58. GuruFocus considers Niching Industrial to be Modestly Undervalued.

Key valuation signals for ROCO:3444:

  • Cyclically Adjusted PS Ratio: 2.75 (34% above median its 10-year median of 2.05)
  • GF Value™: NT$91.58 vs. price of NT$78.70 (14.1% below fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 8.9% below the Semiconductors median (#336 of 729)

No single metric tells the full story. See the ROCO:3444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Niching Industrial Business Description

Address Room 5E, No.767, Sec 4, Taiwan Boulevard, 5th Floor, Taichung, Xitun District, Taichung, TWN
Niching Industrial Corp main business activities include the import, export, trading, and manufacturing of various raw materials, components, and equipment required for the semiconductor and optoelectronic industries. Its revenue is generated from Semiconductor products, Optoelectronics products, and others. Semiconductor products generate maximum revenue.
63GF Score

Get the complete analysis for ROCO:3444

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

NT$78.70
Price
NT$91.58
GF Value