JD Development Co (ROCO:4402) Cyclically Adjusted PS Ratio: 3.86 (As of Sep. 17, 2026) — 408% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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:4402 JD Development Co Ltd ROCO:4402
60 GF Score
Price NT$14.25
GF Value NT$13.59
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is JD Development Co Cyclically Adjusted PS Ratio?

JD Development Co ROCO:4402 -0.70% 60 Cyclically Adjusted PS Ratio is 3.86 as of Sep. 17, 2026, which is 408% above its 10-year median of 0.76. GuruFocus rates ROCO:4402 with a GF Score™ of 60/100 and a GF Value™ of NT$13.59 (Fairly Valued). The stock has 3 warning signs investors should review. Among 884 Manufacturing - Apparel & Accessories companies, JD Development Co ranks worse than 90.61% on this metric.

As of today (2026-09-17), JD Development Co's current share price is NT$14.25. JD Development Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$3.69. JD Development Co's Cyclically Adjusted PS Ratio for today is 3.86.

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

ROCO:4402' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.21   Med: 0.76   Max: 5.94
Current: 3.87

During the past years, JD Development Co's highest Cyclically Adjusted PS Ratio was 5.94. The lowest was 0.21. And the median was 0.76.

ROCO:4402's Cyclically Adjusted PS Ratio is ranked worse than
90.61% of 884 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.64 vs ROCO:4402: 3.87

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.

JD Development Co's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$0.097. 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$3.69 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JD Development Co  (ROCO:4402) 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.


JD Development Co Cyclically Adjusted PS Ratio Related Terms


JD Development Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for JD Development 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.

JD Development Co Cyclically Adjusted PS Ratio Chart

JD Development 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 0.41 0.76 1.18 3.44 4.67

JD Development 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 3.62 4.01 4.69 4.54 4.90

JD Development Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Textile Manufacturing subindustry, JD Development 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.


JD Development Co Cyclically Adjusted PS Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, JD Development Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ROCO:4402
60GF Score
JD Development Co Ltd ROCO:4402
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JD Development 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.

JD Development Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.25/3.692
=3.86

* 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.

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

For example, JD Development 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)
=0.097/333.9520*333.9520
=0.097

Current CPI (Jun. 2026) = 333.9520.

JD Development Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.135 241.428 2.953
201612 1.481 241.432 2.049
201703 1.303 243.801 1.785
201706 0.995 244.955 1.357
201709 1.368 246.819 1.851
201712 1.024 246.524 1.387
201803 0.643 249.554 0.860
201806 1.567 251.989 2.077
201809 1.646 252.439 2.177
201812 1.065 251.233 1.416
201903 1.061 254.202 1.394
201906 0.943 256.143 1.229
201909 0.632 256.759 0.822
201912 0.964 256.974 1.253
202003 0.779 258.115 1.008
202006 0.752 257.797 0.974
202009 0.519 260.280 0.666
202012 0.550 260.474 0.705
202103 0.594 264.877 0.749
202106 0.850 271.696 1.045
202109 0.763 274.310 0.929
202112 1.129 278.802 1.352
202203 1.024 287.504 1.189
202206 0.962 296.311 1.084
202209 0.883 296.808 0.994
202212 0.864 296.797 0.972
202303 0.480 301.836 0.531
202306 0.319 305.109 0.349
202309 0.438 307.789 0.475
202312 0.433 306.746 0.471
202403 0.142 312.332 0.152
202406 0.043 314.175 0.046
202409 0.043 315.301 0.046
202412 0.043 315.605 0.045
202503 0.102 319.799 0.107
202506 0.090 322.561 0.093
202509 0.075 324.800 0.077
202512 0.081 324.054 0.083
202603 0.074 330.213 0.075
202606 0.097 333.952 0.097

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 3.86 mean?
JD Development Co (ROCO:4402) has a Cyclically Adjusted PS Ratio of 3.86 as of Sep. 17, 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 JD Development Co and its competitors. This is 408% above median its historical median of 0.76. Over the past decade, JD Development Co's Cyclically Adjusted PS Ratio has ranged from 0.21 to 5.94. According to the industry distribution chart, JD Development Co ranks #801 out of 884 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 90.6%.
Is JD Development Co's Cyclically Adjusted PS Ratio too high?
JD Development Co's current Cyclically Adjusted PS Ratio of 3.86 is 408% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 5.94. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PS Ratio is 0.64. JD Development Co's value of 3.86 is 503.1% above this industry median. Based on the distribution chart, JD Development Co ranks #801 out of 884 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, JD Development Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JD Development Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, JD Development Co ranks #801 out of 884 companies for Cyclically Adjusted PS Ratio. This places JD Development Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.64. JD Development Co's value of 3.86 is 503.1% above this benchmark. Historically, JD Development Co's own Cyclically Adjusted PS Ratio has ranged from 0.21 to 5.94 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.64, JD Development Co 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PS Ratio among Manufacturing - Apparel & Accessories companies is 0.64, based on 884 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. JD Development Co's current Cyclically Adjusted PS Ratio of 3.86 is 503.1% 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 JD Development Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PS Ratio is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JD Development Co's current Cyclically Adjusted PS Ratio is 3.86, which is 408% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JD Development Co stock overvalued right now?
Based on GuruFocus' analysis, JD Development Co (ROCO:4402) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.59, compared to a current price of NT$14.25 — trading 4.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.86, which is 408% above median its 10-year median of 0.76 and 503.1% above the Manufacturing - Apparel & Accessories industry median of 0.64. JD Development Co's overall GF Score™ is 60/100 with 3 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 JD Development Co (ROCO:4402), the current Cyclically Adjusted PS Ratio is 3.86 as of Sep. 17, 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 JD Development Co (ROCO:4402) Overvalued in 2026?

Based on GuruFocus' analysis, JD Development Co stock appears to be overvalued. The current stock price of NT$14.25 is trading 4.9% above its estimated GF Value™ of NT$13.59. GuruFocus considers JD Development Co to be Fairly Valued.

Key valuation signals for ROCO:4402:

  • Cyclically Adjusted PS Ratio: 3.86 (408% above median its 10-year median of 0.76)
  • GF Value™: NT$13.59 vs. price of NT$14.25 (4.9% above fair value)
  • GF Score™: 60/100 with 3 warning signs
  • Industry Position: 503.1% above the Manufacturing - Apparel & Accessories median (#801 of 884)

No single metric tells the full story. See the ROCO:4402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JD Development Co Business Description

Address Zhongzheng 4th Road, 9th Floor -1, No. 151, Qianjin District, Kaohsiung, TWN, 801
JD Development Co Ltd business activities are cotton woven fabric manufacturing, silk weaving, linen weaving, cotton weaving, woolen fabric wholesale and renewable energy power generation. The company has two segments Textile Department: mainly engaged in the manufacturing, trading, and processing of textile products; and Electricity Sales Department: mainly engaged in electricity generation from solar power equipment. The company generates majority of revenue from textile department segment. Its products are Textile, Green Energy, and Medical Materials. The company has presence in Taiwan and Asia. The company generates majority of revenue from Taiwan.
60GF Score

Get the complete analysis for ROCO:4402

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

NT$14.25
Price
NT$13.59
GF Value