Array (ROCO:3664) Cyclically Adjusted PS Ratio: 0.52 (As of Aug. 14, 2026) — 52% Below Median

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ROCO:3664 Array Inc ROCO:3664
40 GF Score
Price NT$6.10
GF Value NT$16.31
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is Array Cyclically Adjusted PS Ratio?

Array ROCO:3664 40 Cyclically Adjusted PS Ratio is 0.52 as of Aug. 14, 2026, which is 52% below its 10-year median of 1.08. GuruFocus rates ROCO:3664 with a GF Score™ of 40/100 and a GF Value™ of NT$16.31 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,976 Hardware companies, Array ranks better than 70.14% on this metric.

As of today (2026-08-14), Array's current share price is NT$6.10. Array's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$11.80. Array's Cyclically Adjusted PS Ratio for today is 0.52.

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

ROCO:3664' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.62   Med: 1.08   Max: 3.53
Current: 0.62

During the past years, Array's highest Cyclically Adjusted PS Ratio was 3.53. The lowest was 0.62. And the median was 1.08.

ROCO:3664's Cyclically Adjusted PS Ratio is ranked better than
70.14% of 1976 companies
in the Hardware industry
Industry Median: 1.39 vs ROCO:3664: 0.62

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.

Array's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$0.829. 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$11.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Array  (ROCO:3664) 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.


Array Cyclically Adjusted PS Ratio Related Terms


Array Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Array'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.

Array Cyclically Adjusted PS Ratio Chart

Array 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 0.77 1.00 2.12 2.24 1.53

Array 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 2.00 1.71 1.69 1.53 0.85

ROCO:3664 vs CSCO, MSI, HPE: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, Array'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.


Array Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


ROCO:3664
40GF Score
Array Inc ROCO:3664
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Array 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=6.10/11.80
=0.52

* 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.

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

For example, Array'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)
=0.829/330.2130*330.2130
=0.829

Current CPI (Mar. 2026) = 330.2130.

Array Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.602 241.018 2.195
201609 1.717 241.428 2.348
201612 2.096 241.432 2.867
201703 1.713 243.801 2.320
201706 1.309 244.955 1.765
201709 3.356 246.819 4.490
201712 3.978 246.524 5.328
201803 1.923 249.554 2.545
201806 1.931 251.989 2.530
201809 2.586 252.439 3.383
201812 3.836 251.233 5.042
201903 2.064 254.202 2.681
201906 2.216 256.143 2.857
201909 2.512 256.759 3.231
201912 3.918 256.974 5.035
202003 2.099 258.115 2.685
202006 2.143 257.797 2.745
202009 2.527 260.280 3.206
202012 3.518 260.474 4.460
202103 2.360 264.877 2.942
202106 1.592 271.696 1.935
202109 2.202 274.310 2.651
202112 2.670 278.802 3.162
202203 1.361 287.504 1.563
202206 2.712 296.311 3.022
202209 1.762 296.808 1.960
202212 3.639 296.797 4.049
202303 1.964 301.836 2.149
202306 2.503 305.109 2.709
202309 1.912 307.789 2.051
202312 4.613 306.746 4.966
202403 1.810 312.332 1.914
202406 3.149 314.175 3.310
202409 3.063 315.301 3.208
202412 4.238 315.605 4.434
202503 2.144 319.799 2.214
202506 4.259 322.561 4.360
202509 3.652 324.800 3.713
202512 -0.820 324.054 -0.836
202603 0.829 330.213 0.829

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 0.52 mean?
Array (ROCO:3664) has a Cyclically Adjusted PS Ratio of 0.52 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 Array and its competitors. This is 52% below median its historical median of 1.08. Over the past decade, Array's Cyclically Adjusted PS Ratio has ranged from 0.62 to 3.53. According to the industry distribution chart, Array ranks #590 out of 1976 companies in the Hardware industry, placing it in the top 29.9%.
Is Array's Cyclically Adjusted PS Ratio too high?
Array's current Cyclically Adjusted PS Ratio of 0.52 is 52% below median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 3.53. The Hardware industry median Cyclically Adjusted PS Ratio is 1.39. Array's value of 0.52 is 62.6% below this industry median. Based on the distribution chart, Array ranks #590 out of 1976 companies in the Hardware industry, which is above the industry midpoint. Overall, Array has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array's Cyclically Adjusted PS Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Array ranks #590 out of 1976 companies for Cyclically Adjusted PS Ratio. This puts Array in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.39. Array's value of 0.52 is 62.6% below this benchmark. Historically, Array's own Cyclically Adjusted PS Ratio has ranged from 0.62 to 3.53 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.39, Array 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.39, based on 1,976 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. Array's current Cyclically Adjusted PS Ratio of 0.52 is 62.6% 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 Array and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Array's current Cyclically Adjusted PS Ratio is 0.52, which is 52% below median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array stock overvalued right now?
Based on GuruFocus' analysis, Array (ROCO:3664) is currently considered Possible Value Trap. The stock's GF Value™ is NT$16.31, compared to a current price of NT$6.10 — trading 62.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.52, which is 52% below median its 10-year median of 1.08 and 62.6% below the Hardware industry median of 1.39. Array's overall GF Score™ is 40/100 with 8 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 Array (ROCO:3664), the current Cyclically Adjusted PS Ratio is 0.52 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 Array (ROCO:3664) Overvalued in 2026?

Based on GuruFocus' analysis, Array stock appears to be undervalued. The current stock price of NT$6.10 is trading 62.6% below its estimated GF Value™ of NT$16.31. GuruFocus considers Array to be Possible Value Trap.

Key valuation signals for ROCO:3664:

  • Cyclically Adjusted PS Ratio: 0.52 (52% below median its 10-year median of 1.08)
  • GF Value™: NT$16.31 vs. price of NT$6.10 (62.6% below fair value)
  • GF Score™: 40/100 with 8 warning signs
  • Industry Position: 62.6% below the Hardware median (#590 of 1976)

No single metric tells the full story. See the ROCO:3664 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Array Business Description

Address 1371 McCarthy Boulverad, Milpitas, CA, USA, 95035
Array Inc and its subsidiaries are engaged in the research and development, manufacturing and sales of network function platform products, network connectivity security systems and network traffic acceleration equipment. The Group provides network function platform solutions, application delivery controllers, virtual private networks, remote desktop connection solutions and application accelerators, along with related after-sales support and services. Its products include cybersecurity solutions such as Web App Firewall & DDoS Protection, SSL Intercept and Deep-AI Data Loss Prevention, and data center solutions such as Load Balancing & App Delivery, Network Traffic Broker and Network Functions Virtualization.
40GF Score

Get the complete analysis for ROCO:3664

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

NT$6.10
Price
NT$16.31
GF Value