T-win Systems (ROCO:3693) Cyclically Adjusted PS Ratio: 3.40 (As of Aug. 12, 2026) — 60% Above Median

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ROCO:3693 T-win Systems Inc ROCO:3693
71 GF Score
Price NT$492.00
GF Value NT$260.12
Valuation Significantly Overvalued
! 2 Warning Signs
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What is T-win Systems Cyclically Adjusted PS Ratio?

T-win Systems ROCO:3693 -1.60% 71 Cyclically Adjusted PS Ratio is 3.40 as of Aug. 12, 2026, which is 60% above its 10-year median of 2.13. GuruFocus rates ROCO:3693 with a GF Score™ of 71/100 and a GF Value™ of NT$260.12 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,978 Hardware companies, T-win Systems ranks worse than 74.52% on this metric.

As of today (2026-08-12), T-win Systems's current share price is NT$492.00. T-win Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$144.71. T-win Systems's Cyclically Adjusted PS Ratio for today is 3.40.

The historical rank and industry rank for T-win Systems's Cyclically Adjusted PS Ratio or its related term are showing as below:

ROCO:3693' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 2.13   Max: 5.25
Current: 3.64

During the past years, T-win Systems's highest Cyclically Adjusted PS Ratio was 5.25. The lowest was 0.41. And the median was 2.13.

ROCO:3693's Cyclically Adjusted PS Ratio is ranked worse than
74.52% of 1978 companies
in the Hardware industry
Industry Median: 1.39 vs ROCO:3693: 3.64

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.

T-win Systems's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$36.055. 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$144.71 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


T-win Systems  (ROCO:3693) 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.


T-win Systems Cyclically Adjusted PS Ratio Related Terms


T-win Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for T-win Systems'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.

T-win Systems Cyclically Adjusted PS Ratio Chart

T-win Systems 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 0.62 1.04 3.51 2.40 1.99

T-win Systems 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 2.21 2.38 1.70 1.99 3.27

ROCO:3693 vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, T-win Systems'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.


T-win Systems Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, T-win Systems's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where T-win Systems's Cyclically Adjusted PS Ratio falls into.


ROCO:3693
71GF Score
T-win Systems Inc ROCO:3693
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

T-win Systems 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.

T-win Systems's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=492.00/144.71
=3.40

* 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.

T-win Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, T-win Systems'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)
=36.055/330.2130*330.2130
=36.055

Current CPI (Mar. 2026) = 330.2130.

T-win Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 25.834 241.018 35.395
201609 21.021 241.428 28.751
201612 25.439 241.432 34.794
201703 15.976 243.801 21.638
201706 13.164 244.955 17.746
201709 19.387 246.819 25.937
201712 18.690 246.524 25.035
201803 15.464 249.554 20.462
201806 13.831 251.989 18.125
201809 20.611 252.439 26.961
201812 21.471 251.233 28.221
201903 28.389 254.202 36.878
201906 16.354 256.143 21.083
201909 24.598 256.759 31.635
201912 27.167 256.974 34.910
202003 20.858 258.115 26.684
202006 19.032 257.797 24.378
202009 19.732 260.280 25.034
202012 17.066 260.474 21.635
202103 18.910 264.877 23.574
202106 22.082 271.696 26.838
202109 25.423 274.310 30.604
202112 21.281 278.802 25.205
202203 18.775 287.504 21.564
202206 34.128 296.311 38.033
202209 38.451 296.808 42.779
202212 47.915 296.797 53.310
202303 37.567 301.836 41.099
202306 48.859 305.109 52.879
202309 74.278 307.789 79.690
202312 64.265 306.746 69.181
202403 38.266 312.332 40.457
202406 54.848 314.175 57.648
202409 67.438 315.301 70.627
202412 51.638 315.605 54.028
202503 56.496 319.799 58.336
202506 43.231 322.561 44.257
202509 37.005 324.800 37.622
202512 37.324 324.054 38.033
202603 36.055 330.213 36.055

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 3.40 mean?
T-win Systems (ROCO:3693) has a Cyclically Adjusted PS Ratio of 3.40 as of Aug. 12, 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 T-win Systems and its competitors. This is 60% above median its historical median of 2.13. Over the past decade, T-win Systems' Cyclically Adjusted PS Ratio has ranged from 0.41 to 5.25. According to the industry distribution chart, T-win Systems ranks #1474 out of 1978 companies in the Hardware industry, placing it in the top 74.5%.
Is T-win Systems' Cyclically Adjusted PS Ratio too high?
T-win Systems' current Cyclically Adjusted PS Ratio of 3.40 is 60% above median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 5.25. The Hardware industry median Cyclically Adjusted PS Ratio is 1.39. T-win Systems' value of 3.40 is 144.6% above this industry median. Based on the distribution chart, T-win Systems ranks #1474 out of 1978 companies in the Hardware industry, which is below the industry midpoint. Overall, T-win Systems has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does T-win Systems' Cyclically Adjusted PS Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, T-win Systems ranks #1474 out of 1978 companies for Cyclically Adjusted PS Ratio. This places T-win Systems in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.39. T-win Systems' value of 3.40 is 144.6% above this benchmark. Historically, T-win Systems' own Cyclically Adjusted PS Ratio has ranged from 0.41 to 5.25 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 1.39, T-win Systems 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.39, based on 1,978 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. T-win Systems's current Cyclically Adjusted PS Ratio of 3.40 is 144.6% 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 T-win Systems 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. T-win Systems's current Cyclically Adjusted PS Ratio is 3.40, which is 60% above median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T-win Systems stock overvalued right now?
Based on GuruFocus' analysis, T-win Systems (ROCO:3693) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$260.12, compared to a current price of NT$492.00 — trading 89.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.40, which is 60% above median its 10-year median of 2.13 and 144.6% above the Hardware industry median of 1.39. T-win Systems' overall GF Score™ is 71/100 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 T-win Systems (ROCO:3693), the current Cyclically Adjusted PS Ratio is 3.40 as of Aug. 12, 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 T-win Systems (ROCO:3693) Overvalued in 2026?

Based on GuruFocus' analysis, T-win Systems stock appears to be overvalued. The current stock price of NT$492.00 is trading 89.1% above its estimated GF Value™ of NT$260.12. GuruFocus considers T-win Systems to be Significantly Overvalued.

Key valuation signals for ROCO:3693:

  • Cyclically Adjusted PS Ratio: 3.40 (60% above median its 10-year median of 2.13)
  • GF Value™: NT$260.12 vs. price of NT$492.00 (89.1% above fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 144.6% above the Hardware median (#1474 of 1978)

No single metric tells the full story. See the ROCO:3693 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


T-win Systems Business Description

Address Lane 20, Daxing Road, No. 9, Lane 19, Luzhu District, Taoyuan Hsien, TWN
T-win Systems Inc provides OEM/ODM server and storage solutions including in-house design, validation, manufacturing and production, import and export of its expansive selection of products are flexible and can be configured to any form factor or custom configuration.
71GF Score

Get the complete analysis for ROCO:3693

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

NT$492.00
Price
NT$260.12
GF Value