First Hi-Tec Co (ROCO:5439) Cyclically Adjusted PS Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:5439 First Hi-Tec Co Ltd ROCO:5439
88 GF Score
Price NT$239.50
GF Value NT$299.91
Valuation Modestly Undervalued
! 4 Warning Signs
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What is First Hi-Tec Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


First Hi-Tec Co  (ROCO:5439) 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.


First Hi-Tec Co Cyclically Adjusted PS Ratio Related Terms


First Hi-Tec Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for First Hi-Tec 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.

First Hi-Tec Co Cyclically Adjusted PS Ratio Chart

First Hi-Tec 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 2.15 1.51 3.58 3.05 7.10

First Hi-Tec 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 5.97 7.48 7.10 5.67 0.00

ROCO:5439 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, First Hi-Tec 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.


First Hi-Tec Co Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, First Hi-Tec Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where First Hi-Tec Co's Cyclically Adjusted PS Ratio falls into.


ROCO:5439
88GF Score
First Hi-Tec Co Ltd ROCO:5439
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Hi-Tec 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.

First Hi-Tec Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, First Hi-Tec 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)
=32.771/333.9520*333.9520
=32.771

Current CPI (Jun. 2026) = 333.9520.

First Hi-Tec Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.969 241.428 8.257
201612 6.240 241.432 8.631
201703 6.620 243.801 9.068
201706 6.355 244.955 8.664
201709 6.113 246.819 8.271
201712 5.377 246.524 7.284
201803 6.336 249.554 8.479
201806 6.721 251.989 8.907
201809 6.724 252.439 8.895
201812 6.385 251.233 8.487
201903 6.010 254.202 7.895
201906 6.423 256.143 8.374
201909 6.070 256.759 7.895
201912 6.542 256.974 8.502
202003 6.505 258.115 8.416
202006 7.621 257.797 9.872
202009 6.866 260.280 8.809
202012 7.259 260.474 9.307
202103 8.912 264.877 11.236
202106 9.969 271.696 12.253
202109 10.327 274.310 12.572
202112 8.679 278.802 10.396
202203 8.765 287.504 10.181
202206 7.780 296.311 8.768
202209 8.272 296.808 9.307
202212 9.586 296.797 10.786
202303 10.850 301.836 12.004
202306 11.790 305.109 12.905
202309 11.785 307.789 12.787
202312 12.139 306.746 13.216
202403 9.897 312.332 10.582
202406 10.790 314.175 11.469
202409 11.410 315.301 12.085
202412 12.814 315.605 13.559
202503 15.277 319.799 15.953
202506 24.615 322.561 25.484
202509 33.263 324.800 34.200
202512 27.575 324.054 28.417
202603 26.680 330.213 26.982
202606 32.771 333.952 32.771

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.

Is First Hi-Tec Co (ROCO:5439) Overvalued in 2026?

Based on GuruFocus' analysis, First Hi-Tec Co stock appears to be undervalued. The current stock price of NT$239.50 is trading 20.1% below its estimated GF Value™ of NT$299.91. GuruFocus considers First Hi-Tec Co to be Modestly Undervalued.

Key valuation signals for ROCO:5439:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$299.91 vs. price of NT$239.50 (20.1% below fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the ROCO:5439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Hi-Tec Co Business Description

Address No.3, Lane 43, Xingbang Road, Taoyuan District, Taoyuan City, TWN, 330
First Hi-Tec Co Ltd main business is manufacture and sales of PCB and computer peripherals, etc. The Company is engaged in production and sales of electronic equipment and wholesale of components, etc. The group is only engaged in manufacturing and trading of PCB and computer peripherals, which belong to a single industry, the operating segments and reportable segments are single segment. The company has presence in Taiwan, Asia, and Others. The company generates majority of revenue from Taiwan. The company's products are Automotive, Semiconductor and others, Power Control Modules Robot, Telecom, Layer Counts, Application Type, Capability, and Roadmap.
88GF Score

Get the complete analysis for ROCO:5439

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

NT$239.50
Price
NT$299.91
GF Value