Zen Voce (ROCO:3581) Cyclically Adjusted PS Ratio: 3.95 (As of Aug. 13, 2026) — 246% Above Median

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ROCO:3581 Zen Voce Corp ROCO:3581
54 GF Score
Price NT$119.00
GF Value NT$45.55
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Zen Voce Cyclically Adjusted PS Ratio?

Zen Voce ROCO:3581 +3.48% 54 Cyclically Adjusted PS Ratio is 3.95 as of Aug. 13, 2026, which is 246% above its 10-year median of 1.14. GuruFocus rates ROCO:3581 with a GF Score™ of 54/100 and a GF Value™ of NT$45.55 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 730 Semiconductors companies, Zen Voce ranks worse than 55.07% on this metric.

As of today (2026-08-13), Zen Voce's current share price is NT$119.00. Zen Voce's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$30.13. Zen Voce's Cyclically Adjusted PS Ratio for today is 3.95.

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

ROCO:3581' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.72   Med: 1.14   Max: 8.23
Current: 3.67

During the past years, Zen Voce's highest Cyclically Adjusted PS Ratio was 8.23. The lowest was 0.72. And the median was 1.14.

ROCO:3581's Cyclically Adjusted PS Ratio is ranked worse than
55.07% of 730 companies
in the Semiconductors industry
Industry Median: 3.02 vs ROCO:3581: 3.67

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.

Zen Voce's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$7.933. 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$30.13 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Zen Voce  (ROCO:3581) 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.


Zen Voce Cyclically Adjusted PS Ratio Related Terms


Zen Voce Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Zen Voce'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.

Zen Voce Cyclically Adjusted PS Ratio Chart

Zen Voce 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 1.16 0.85 0.96 1.77 2.48

Zen Voce 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 1.32 1.16 1.57 2.48 2.22

ROCO:3581 vs NVDA, AVGO, MU: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, Zen Voce'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.


Zen Voce Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


ROCO:3581
54GF Score
Zen Voce Corp ROCO:3581
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zen Voce 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.

Zen Voce's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=119.00/30.13
=3.95

* 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.

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

For example, Zen Voce'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)
=7.933/330.2130*330.2130
=7.933

Current CPI (Mar. 2026) = 330.2130.

Zen Voce Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.909 241.018 6.726
201609 3.723 241.428 5.092
201612 4.477 241.432 6.123
201703 5.350 243.801 7.246
201706 5.156 244.955 6.951
201709 6.272 246.819 8.391
201712 6.963 246.524 9.327
201803 4.510 249.554 5.968
201806 5.935 251.989 7.777
201809 5.896 252.439 7.713
201812 6.189 251.233 8.135
201903 5.456 254.202 7.087
201906 6.195 256.143 7.986
201909 5.972 256.759 7.680
201912 5.443 256.974 6.994
202003 4.911 258.115 6.283
202006 6.186 257.797 7.924
202009 5.766 260.280 7.315
202012 6.617 260.474 8.389
202103 5.306 264.877 6.615
202106 6.219 271.696 7.558
202109 7.149 274.310 8.606
202112 7.016 278.802 8.310
202203 6.925 287.504 7.954
202206 7.063 296.311 7.871
202209 7.180 296.808 7.988
202212 8.351 296.797 9.291
202303 7.547 301.836 8.257
202306 6.212 305.109 6.723
202309 7.339 307.789 7.874
202312 7.098 306.746 7.641
202403 6.398 312.332 6.764
202406 6.463 314.175 6.793
202409 6.857 315.301 7.181
202412 6.929 315.605 7.250
202503 7.077 319.799 7.307
202506 5.880 322.561 6.019
202509 8.117 324.800 8.252
202512 9.803 324.054 9.989
202603 7.933 330.213 7.933

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 3.95 mean?
Zen Voce (ROCO:3581) has a Cyclically Adjusted PS Ratio of 3.95 as of Aug. 13, 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 Zen Voce and its competitors. This is 246% above median its historical median of 1.14. Over the past decade, Zen Voce's Cyclically Adjusted PS Ratio has ranged from 0.72 to 8.23. According to the industry distribution chart, Zen Voce ranks #402 out of 730 companies in the Semiconductors industry, placing it in the top 55.1%.
Is Zen Voce's Cyclically Adjusted PS Ratio too high?
Zen Voce's current Cyclically Adjusted PS Ratio of 3.95 is 246% above median its 10-year median of 1.14. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 8.23. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.02. Zen Voce's value of 3.95 is 30.8% above this industry median. Based on the distribution chart, Zen Voce ranks #402 out of 730 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Zen Voce has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zen Voce's Cyclically Adjusted PS Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Zen Voce ranks #402 out of 730 companies for Cyclically Adjusted PS Ratio. This places Zen Voce in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.02. Zen Voce's value of 3.95 is 30.8% above this benchmark. Historically, Zen Voce's own Cyclically Adjusted PS Ratio has ranged from 0.72 to 8.23 over the past decade. While the company's 10-year median is 1.14 vs. the industry median of 3.02, Zen Voce 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.02, based on 730 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. Zen Voce's current Cyclically Adjusted PS Ratio of 3.95 is 30.8% 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 Zen Voce 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. Zen Voce's current Cyclically Adjusted PS Ratio is 3.95, which is 246% above median its own 10-year median of 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Voce stock overvalued right now?
Based on GuruFocus' analysis, Zen Voce (ROCO:3581) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$45.55, compared to a current price of NT$119.00 — trading 161.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.95, which is 246% above median its 10-year median of 1.14 and 30.8% above the Semiconductors industry median of 3.02. Zen Voce's overall GF Score™ is 54/100 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 Zen Voce (ROCO:3581), the current Cyclically Adjusted PS Ratio is 3.95 as of Aug. 13, 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 Zen Voce (ROCO:3581) Overvalued in 2026?

Based on GuruFocus' analysis, Zen Voce stock appears to be overvalued. The current stock price of NT$119.00 is trading 161.3% above its estimated GF Value™ of NT$45.55. GuruFocus considers Zen Voce to be Significantly Overvalued.

Key valuation signals for ROCO:3581:

  • Cyclically Adjusted PS Ratio: 3.95 (246% above median its 10-year median of 1.14)
  • GF Value™: NT$45.55 vs. price of NT$119.00 (161.3% above fair value)
  • GF Score™: 54/100 with 2 warning signs
  • Industry Position: 30.8% above the Semiconductors median (#402 of 730)

No single metric tells the full story. See the ROCO:3581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zen Voce Business Description

Address No. 53, Jinggong Road, Sinfong Township, Hsinchu, TWN, 30441
Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.
54GF Score

Get the complete analysis for ROCO:3581

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$45.55
GF Value