ICP DAS Co (ROCO:3577) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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:3577 ICP DAS Co Ltd ROCO:3577
73 GF Score
Price NT$119.00
GF Value NT$87.53
Valuation Significantly Overvalued
! 2 Warning Signs
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What is ICP DAS Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


ICP DAS Co  (ROCO:3577) 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.


ICP DAS Co Cyclically Adjusted PS Ratio Related Terms


ICP DAS Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for ICP DAS Co'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.

ICP DAS Co Cyclically Adjusted PS Ratio Chart

ICP DAS Co 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 3.48 5.05 5.14 3.84 3.80

ICP DAS Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.29 4.17 3.78 3.97 6.51

ROCO:3577 vs CSCO, MSI, LITE: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, ICP DAS Co'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.


ICP DAS Co Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, ICP DAS Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where ICP DAS Co's Cyclically Adjusted PS Ratio falls into.


ROCO:3577
73GF Score
ICP DAS Co Ltd ROCO:3577
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ICP DAS Co 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.

ICP DAS Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, ICP DAS Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.035/333.9520*333.9520
=7.035

Current CPI (Jun. 2026) = 333.9520.

ICP DAS Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.635 241.428 6.411
201612 2.724 241.432 3.768
201703 2.625 243.801 3.596
201706 2.709 244.955 3.693
201709 3.178 246.819 4.300
201712 2.889 246.524 3.914
201803 3.155 249.554 4.222
201806 3.255 251.989 4.314
201809 3.118 252.439 4.125
201812 3.154 251.233 4.192
201903 2.813 254.202 3.696
201906 2.982 256.143 3.888
201909 3.302 256.759 4.295
201912 3.086 256.974 4.010
202003 2.855 258.115 3.694
202006 2.814 257.797 3.645
202009 2.854 260.280 3.662
202012 3.296 260.474 4.226
202103 3.446 264.877 4.345
202106 4.456 271.696 5.477
202109 3.713 274.310 4.520
202112 4.580 278.802 5.486
202203 3.989 287.504 4.633
202206 4.930 296.311 5.556
202209 5.688 296.808 6.400
202212 4.422 296.797 4.976
202303 4.216 301.836 4.665
202306 3.383 305.109 3.703
202309 4.356 307.789 4.726
202312 3.932 306.746 4.281
202403 3.664 312.332 3.918
202406 3.935 314.175 4.183
202409 5.044 315.301 5.342
202412 4.005 315.605 4.238
202503 4.915 319.799 5.133
202506 4.571 322.561 4.732
202509 4.030 324.800 4.144
202512 4.712 324.054 4.856
202603 6.014 330.213 6.082
202606 7.035 333.952 7.035

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.

Is ICP DAS Co (ROCO:3577) Overvalued in 2026?

Based on GuruFocus' analysis, ICP DAS Co stock appears to be overvalued. The current stock price of NT$119.00 is trading 36% above its estimated GF Value™ of NT$87.53. GuruFocus considers ICP DAS Co to be Significantly Overvalued.

Key valuation signals for ROCO:3577:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$87.53 vs. price of NT$119.00 (36% above fair value)
  • GF Score™: 73/100 with 2 warning signs

No single metric tells the full story. See the ROCO:3577 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ICP DAS Co Business Description

Address No. 111, Guangfu North Road, Hsinchu Industrial Zone, Hukou Township, Hsinchu, TWN, 30351
ICP DAS Co Ltd is a Taiwan based company engaged in the production and sale of industrial computer hardware, software and peripheral equipment. Its products include programmable automation controllers, PC based I/O boards, machine automation products, industrial communication products, wireless modems, intelligent power meters and others. The company also geographically operates in Taiwan, Mainland China, United States, Germany, UAE and Others. It derives maximum revenue from Taiwan.
73GF Score

Get the complete analysis for ROCO:3577

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

NT$119.00
Price
NT$87.53
GF Value