Papago (ROCO:3632) Cyclically Adjusted PS Ratio: 0.43 (As of Aug. 08, 2026) — Near Median

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ROCO:3632 Papago Inc ROCO:3632
51 GF Score
Price NT$8.00
GF Value NT$9.02
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Papago Cyclically Adjusted PS Ratio?

Papago ROCO:3632 +1.01% 51 Cyclically Adjusted PS Ratio is 0.43 as of Aug. 08, 2026, which is 2% below its 10-year median of 0.44. GuruFocus rates ROCO:3632 with a GF Score™ of 51/100 and a GF Value™ of NT$9.02 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,587 Software companies, Papago ranks better than 82.55% on this metric.

As of today (2026-08-08), Papago's current share price is NT$8.00. Papago's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$18.44. Papago's Cyclically Adjusted PS Ratio for today is 0.43.

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

ROCO:3632' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.44   Max: 0.56
Current: 0.42

During the past years, Papago's highest Cyclically Adjusted PS Ratio was 0.56. The lowest was 0.22. And the median was 0.44.

ROCO:3632's Cyclically Adjusted PS Ratio is ranked better than
82.55% of 1587 companies
in the Software industry
Industry Median: 1.66 vs ROCO:3632: 0.42

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.

Papago's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$1.776. 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$18.44 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Papago  (ROCO:3632) 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.


Papago Cyclically Adjusted PS Ratio Related Terms


Papago Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Papago'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.

Papago Cyclically Adjusted PS Ratio Chart

Papago 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 0.29 0.31 0.47 0.50 0.50

Papago 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 0.51 0.46 0.47 0.50 0.52

ROCO:3632 vs QH, SHOP, UBER: Cyclically Adjusted PS Ratio Comparison

For the Software - Application subindustry, Papago'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.


Papago Cyclically Adjusted PS Ratio vs Software Industry

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

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


ROCO:3632
51GF Score
Papago Inc ROCO:3632
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Papago 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.

Papago's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.00/18.44
=0.43

* 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.

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

For example, Papago'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)
=1.776/330.2130*330.2130
=1.776

Current CPI (Mar. 2026) = 330.2130.

Papago Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.319 241.018 11.398
201609 6.351 241.428 8.687
201612 9.927 241.432 13.577
201703 5.484 243.801 7.428
201706 9.038 244.955 12.184
201709 6.219 246.819 8.320
201712 7.066 246.524 9.465
201803 4.278 249.554 5.661
201806 6.293 251.989 8.247
201809 5.824 252.439 7.618
201812 5.785 251.233 7.604
201903 4.313 254.202 5.603
201906 2.943 256.143 3.794
201909 6.355 256.759 8.173
201912 3.533 256.974 4.540
202003 1.832 258.115 2.344
202006 1.777 257.797 2.276
202009 2.561 260.280 3.249
202012 3.790 260.474 4.805
202103 2.749 264.877 3.427
202106 1.708 271.696 2.076
202109 1.499 274.310 1.804
202112 2.677 278.802 3.171
202203 1.515 287.504 1.740
202206 2.226 296.311 2.481
202209 2.522 296.808 2.806
202212 3.032 296.797 3.373
202303 2.310 301.836 2.527
202306 2.907 305.109 3.146
202309 1.992 307.789 2.137
202312 2.703 306.746 2.910
202403 2.203 312.332 2.329
202406 2.245 314.175 2.360
202409 2.408 315.301 2.522
202412 2.106 315.605 2.203
202503 1.566 319.799 1.617
202506 1.459 322.561 1.494
202509 1.449 324.800 1.473
202512 1.978 324.054 2.016
202603 1.776 330.213 1.776

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 0.43 mean?
Papago (ROCO:3632) has a Cyclically Adjusted PS Ratio of 0.43 as of Aug. 08, 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 Papago and its competitors. This is near median its historical median of 0.44. Over the past decade, Papago's Cyclically Adjusted PS Ratio has ranged from 0.22 to 0.56. According to the industry distribution chart, Papago ranks #277 out of 1587 companies in the Software industry, placing it in the top 17.5%.
Is Papago's Cyclically Adjusted PS Ratio too high?
Papago's current Cyclically Adjusted PS Ratio of 0.43 is near median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.56. The Software industry median Cyclically Adjusted PS Ratio is 1.66. Papago's value of 0.43 is 74.1% below this industry median. Based on the distribution chart, Papago ranks #277 out of 1587 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Papago has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Papago's Cyclically Adjusted PS Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Papago ranks #277 out of 1587 companies for Cyclically Adjusted PS Ratio. This places Papago in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.66. Papago's value of 0.43 is 74.1% below this benchmark. Historically, Papago's own Cyclically Adjusted PS Ratio has ranged from 0.22 to 0.56 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 1.66, Papago 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.66, based on 1,587 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. Papago's current Cyclically Adjusted PS Ratio of 0.43 is 74.1% 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 Papago and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Papago's current Cyclically Adjusted PS Ratio is 0.43, which is near median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Papago stock overvalued right now?
Based on GuruFocus' analysis, Papago (ROCO:3632) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$9.02, compared to a current price of NT$8.00 — trading 11.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.43, which is near median its 10-year median of 0.44 and 74.1% below the Software industry median of 1.66. Papago's overall GF Score™ is 51/100 with 5 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 Papago (ROCO:3632), the current Cyclically Adjusted PS Ratio is 0.43 as of Aug. 08, 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 Papago (ROCO:3632) Overvalued in 2026?

Based on GuruFocus' analysis, Papago stock appears to be undervalued. The current stock price of NT$8.00 is trading 11.3% below its estimated GF Value™ of NT$9.02. GuruFocus considers Papago to be Modestly Undervalued.

Key valuation signals for ROCO:3632:

  • Cyclically Adjusted PS Ratio: 0.43 (near median its 10-year median of 0.44)
  • GF Value™: NT$9.02 vs. price of NT$8.00 (11.3% below fair value)
  • GF Score™: 51/100 with 5 warning signs
  • Industry Position: 74.1% below the Software median (#277 of 1587)

No single metric tells the full story. See the ROCO:3632 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Papago Business Description

Address Gangyu Road, Neihu District, 4th Floor, No. 200, Neihu, Taipei, TWN, 11494
Papago Inc develops e-map navigation software for mobile phone manufacturers in the Asia Pacific region. It offers software for PND (Portable Navigator), OBU (On-Board-Unit), and Smartphones. The organization also provides maintenance and related software services for the electronic map software for navigation systems.
51GF Score

Get the complete analysis for ROCO:3632

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

NT$8.00
Price
NT$9.02
GF Value