Teco Image Systems Co (ROCO:5438) Cyclically Adjusted PS Ratio: 0.83 (As of Aug. 16, 2026) — 11% 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:5438 Teco Image Systems Co Ltd ROCO:5438
77 GF Score
Price NT$17.15
GF Value NT$16.28
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Teco Image Systems Co Cyclically Adjusted PS Ratio?

Teco Image Systems Co ROCO:5438 +1.48% 77 Cyclically Adjusted PS Ratio is 0.83 as of Aug. 16, 2026, which is 11% above its 10-year median of 0.75. GuruFocus rates ROCO:5438 with a GF Score™ of 77/100 and a GF Value™ of NT$16.28 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,287 Industrial Products companies, Teco Image Systems Co ranks better than 70.79% on this metric.

As of today (2026-08-16), Teco Image Systems Co's current share price is NT$17.15. Teco Image Systems Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$20.61. Teco Image Systems Co's Cyclically Adjusted PS Ratio for today is 0.83.

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

ROCO:5438' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.46   Med: 0.75   Max: 1.82
Current: 0.83

During the past years, Teco Image Systems Co's highest Cyclically Adjusted PS Ratio was 1.82. The lowest was 0.46. And the median was 0.75.

ROCO:5438's Cyclically Adjusted PS Ratio is ranked better than
70.79% of 2287 companies
in the Industrial Products industry
Industry Median: 1.83 vs ROCO:5438: 0.83

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.

Teco Image Systems Co's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$1.475. 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$20.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teco Image Systems Co  (ROCO:5438) 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.


Teco Image Systems Co Cyclically Adjusted PS Ratio Related Terms


Teco Image Systems Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Teco Image Systems 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.

Teco Image Systems Co Cyclically Adjusted PS Ratio Chart

Teco Image Systems 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 0.71 0.71 0.76 1.27 1.13

Teco Image Systems Co 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 0.99 0.90 1.38 1.13 0.94

Teco Image Systems Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Business Equipment & Supplies subindustry, Teco Image Systems 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.


Teco Image Systems Co Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Teco Image Systems Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Teco Image Systems Co's Cyclically Adjusted PS Ratio falls into.


ROCO:5438
77GF Score
Teco Image Systems Co Ltd ROCO:5438
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Teco Image Systems 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.

Teco Image Systems Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.15/20.61
=0.83

* 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.

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

For example, Teco Image Systems Co'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)
=1.475/330.2130*330.2130
=1.475

Current CPI (Mar. 2026) = 330.2130.

Teco Image Systems Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.434 241.018 7.445
201609 5.765 241.428 7.885
201612 5.450 241.432 7.454
201703 4.792 243.801 6.490
201706 4.764 244.955 6.422
201709 5.997 246.819 8.023
201712 5.388 246.524 7.217
201803 4.101 249.554 5.426
201806 4.432 251.989 5.808
201809 5.298 252.439 6.930
201812 5.256 251.233 6.908
201903 3.490 254.202 4.534
201906 3.771 256.143 4.861
201909 4.365 256.759 5.614
201912 4.001 256.974 5.141
202003 1.931 258.115 2.470
202006 2.176 257.797 2.787
202009 3.762 260.280 4.773
202012 3.272 260.474 4.148
202103 4.023 264.877 5.015
202106 4.275 271.696 5.196
202109 4.211 274.310 5.069
202112 6.277 278.802 7.434
202203 4.347 287.504 4.993
202206 4.155 296.311 4.630
202209 6.979 296.808 7.764
202212 4.461 296.797 4.963
202303 3.139 301.836 3.434
202306 4.557 305.109 4.932
202309 3.975 307.789 4.265
202312 3.412 306.746 3.673
202403 3.094 312.332 3.271
202406 3.937 314.175 4.138
202409 4.913 315.301 5.145
202412 4.784 315.605 5.005
202503 2.667 319.799 2.754
202506 5.092 322.561 5.213
202509 3.869 324.800 3.933
202512 3.425 324.054 3.490
202603 1.475 330.213 1.475

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 0.83 mean?
Teco Image Systems Co (ROCO:5438) has a Cyclically Adjusted PS Ratio of 0.83 as of Aug. 16, 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 Teco Image Systems Co and its competitors. This is 11% above median its historical median of 0.75. Over the past decade, Teco Image Systems Co's Cyclically Adjusted PS Ratio has ranged from 0.46 to 1.82. According to the industry distribution chart, Teco Image Systems Co ranks #668 out of 2287 companies in the Industrial Products industry, placing it in the top 29.2%.
Is Teco Image Systems Co's Cyclically Adjusted PS Ratio too high?
Teco Image Systems Co's current Cyclically Adjusted PS Ratio of 0.83 is 11% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.82. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.83. Teco Image Systems Co's value of 0.83 is 54.6% below this industry median. Based on the distribution chart, Teco Image Systems Co ranks #668 out of 2287 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Teco Image Systems Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Teco Image Systems Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Industrial Products industry distribution chart, Teco Image Systems Co ranks #668 out of 2287 companies for Cyclically Adjusted PS Ratio. This puts Teco Image Systems Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. Teco Image Systems Co's value of 0.83 is 54.6% below this benchmark. Historically, Teco Image Systems Co's own Cyclically Adjusted PS Ratio has ranged from 0.46 to 1.82 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.83, Teco Image Systems Co 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.83, based on 2,287 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. Teco Image Systems Co's current Cyclically Adjusted PS Ratio of 0.83 is 54.6% 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 Teco Image Systems Co and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Teco Image Systems Co's current Cyclically Adjusted PS Ratio is 0.83, which is 11% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Teco Image Systems Co stock overvalued right now?
Based on GuruFocus' analysis, Teco Image Systems Co (ROCO:5438) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.28, compared to a current price of NT$17.15 — trading 5.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.83, which is 11% above median its 10-year median of 0.75 and 54.6% below the Industrial Products industry median of 1.83. Teco Image Systems Co's overall GF Score™ is 77/100 with 4 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 Teco Image Systems Co (ROCO:5438), the current Cyclically Adjusted PS Ratio is 0.83 as of Aug. 16, 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 Teco Image Systems Co (ROCO:5438) Overvalued in 2026?

Based on GuruFocus' analysis, Teco Image Systems Co stock appears to be overvalued. The current stock price of NT$17.15 is trading 5.3% above its estimated GF Value™ of NT$16.28. GuruFocus considers Teco Image Systems Co to be Fairly Valued.

Key valuation signals for ROCO:5438:

  • Cyclically Adjusted PS Ratio: 0.83 (11% above median its 10-year median of 0.75)
  • GF Value™: NT$16.28 vs. price of NT$17.15 (5.3% above fair value)
  • GF Score™: 77/100 with 4 warning signs
  • Industry Position: 54.6% below the Industrial Products median (#668 of 2287)

No single metric tells the full story. See the ROCO:5438 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Teco Image Systems Co Business Description

Address No. 1568-1, Zhongshan Road, 2nd Floor, Section 1, Guanyin, Taoyuan Hsien, TWN
Teco Image Systems Co Ltd is mainly engaged in designing, manufacturing and trading of multifunction printers and modules, label printers, wide format printers, 3D printing, etc. The Group operates business only in a single industry. The company has presence in The People's Republic of China and Hong, Japan, Taiwan, and Others. the company's products includes eBoard, TOUCHACT, MOBILE PRINTING HUB, Color Laser MFP, Monochrome Laser MFP, Mechanical Subsystems, Control Panel, Scan Unit, Printer Controller Card, Printer Network Card, Internet Fax Card, Fax Controller, Copier Controller, etc.
77GF Score

Get the complete analysis for ROCO:5438

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

NT$17.15
Price
NT$16.28
GF Value