Mustang Industrial (ROCO:5460) Cyclically Adjusted PS Ratio: 1.43 (As of Aug. 19, 2026) — 77% Above Median

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ROCO:5460 Mustang Industrial Corp ROCO:5460
59 GF Score
Price NT$16.00
GF Value NT$11.47
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Mustang Industrial Cyclically Adjusted PS Ratio?

Mustang Industrial ROCO:5460 +0.32% 59 Cyclically Adjusted PS Ratio is 1.43 as of Aug. 19, 2026, which is 77% above its 10-year median of 0.81. GuruFocus rates ROCO:5460 with a GF Score™ of 59/100 and a GF Value™ of NT$11.47 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,286 Industrial Products companies, Mustang Industrial ranks better than 57.04% on this metric.

As of today (2026-08-19), Mustang Industrial's current share price is NT$16.00. Mustang Industrial's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$11.16. Mustang Industrial's Cyclically Adjusted PS Ratio for today is 1.43.

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

ROCO:5460' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.59   Med: 0.81   Max: 1.73
Current: 1.41

During the past years, Mustang Industrial's highest Cyclically Adjusted PS Ratio was 1.73. The lowest was 0.59. And the median was 0.81.

ROCO:5460's Cyclically Adjusted PS Ratio is ranked better than
57.04% of 2286 companies
in the Industrial Products industry
Industry Median: 1.85 vs ROCO:5460: 1.41

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.

Mustang Industrial's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$0.943. 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$11.16 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mustang Industrial  (ROCO:5460) 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.


Mustang Industrial Cyclically Adjusted PS Ratio Related Terms


Mustang Industrial Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mustang Industrial'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.

Mustang Industrial Cyclically Adjusted PS Ratio Chart

Mustang Industrial 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 0.82 0.72 0.98 1.16 1.36

Mustang Industrial 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 1.14 1.24 1.36 1.28 1.41

ROCO:5460 vs CRS, ATI, MLI: Cyclically Adjusted PS Ratio Comparison

For the Metal Fabrication subindustry, Mustang Industrial'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.


Mustang Industrial Cyclically Adjusted PS Ratio vs Industrial Products Industry

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

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


ROCO:5460
59GF Score
Mustang Industrial Corp ROCO:5460
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mustang Industrial 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.

Mustang Industrial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=16.00/11.16
=1.43

* 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.

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

For example, Mustang Industrial'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)
=0.943/333.9520*333.9520
=0.943

Current CPI (Jun. 2026) = 333.9520.

Mustang Industrial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.033 241.428 4.195
201612 3.171 241.432 4.386
201703 3.435 243.801 4.705
201706 3.878 244.955 5.287
201709 3.256 246.819 4.405
201712 3.474 246.524 4.706
201803 3.229 249.554 4.321
201806 4.004 251.989 5.306
201809 3.193 252.439 4.224
201812 2.359 251.233 3.136
201903 2.813 254.202 3.696
201906 3.208 256.143 4.182
201909 2.965 256.759 3.856
201912 3.590 256.974 4.665
202003 2.908 258.115 3.762
202006 3.725 257.797 4.825
202009 2.419 260.280 3.104
202012 2.002 260.474 2.567
202103 2.251 264.877 2.838
202106 1.675 271.696 2.059
202109 2.618 274.310 3.187
202112 1.887 278.802 2.260
202203 1.889 287.504 2.194
202206 1.419 296.311 1.599
202209 1.547 296.808 1.741
202212 1.751 296.797 1.970
202303 1.496 301.836 1.655
202306 1.536 305.109 1.681
202309 1.624 307.789 1.762
202312 1.348 306.746 1.468
202403 0.911 312.332 0.974
202406 1.379 314.175 1.466
202409 1.609 315.301 1.704
202412 1.190 315.605 1.259
202503 1.176 319.799 1.228
202506 1.047 322.561 1.084
202509 0.975 324.800 1.002
202512 0.963 324.054 0.992
202603 1.211 330.213 1.225
202606 0.943 333.952 0.943

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 1.43 mean?
Mustang Industrial (ROCO:5460) has a Cyclically Adjusted PS Ratio of 1.43 as of Aug. 19, 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 Mustang Industrial and its competitors. This is 77% above median its historical median of 0.81. Over the past decade, Mustang Industrial's Cyclically Adjusted PS Ratio has ranged from 0.59 to 1.73. According to the industry distribution chart, Mustang Industrial ranks #982 out of 2286 companies in the Industrial Products industry, placing it in the top 43%.
Is Mustang Industrial's Cyclically Adjusted PS Ratio too high?
Mustang Industrial's current Cyclically Adjusted PS Ratio of 1.43 is 77% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.73. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.85. Mustang Industrial's value of 1.43 is 22.7% below this industry median. Based on the distribution chart, Mustang Industrial ranks #982 out of 2286 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Mustang Industrial has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustang Industrial's Cyclically Adjusted PS Ratio compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Mustang Industrial ranks #982 out of 2286 companies for Cyclically Adjusted PS Ratio. This puts Mustang Industrial in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.85. Mustang Industrial's value of 1.43 is 22.7% below this benchmark. Historically, Mustang Industrial's own Cyclically Adjusted PS Ratio has ranged from 0.59 to 1.73 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 1.85, Mustang Industrial 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 1.85, based on 2,286 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. Mustang Industrial's current Cyclically Adjusted PS Ratio of 1.43 is 22.7% 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 Mustang Industrial and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustang Industrial's current Cyclically Adjusted PS Ratio is 1.43, which is 77% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustang Industrial stock overvalued right now?
Based on GuruFocus' analysis, Mustang Industrial (ROCO:5460) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$11.47, compared to a current price of NT$16.00 — trading 39.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.43, which is 77% above median its 10-year median of 0.81 and 22.7% below the Industrial Products industry median of 1.85. Mustang Industrial's overall GF Score™ is 59/100 with 1 warning sign 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 Mustang Industrial (ROCO:5460), the current Cyclically Adjusted PS Ratio is 1.43 as of Aug. 19, 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 Mustang Industrial (ROCO:5460) Overvalued in 2026?

Based on GuruFocus' analysis, Mustang Industrial stock appears to be overvalued. The current stock price of NT$16.00 is trading 39.5% above its estimated GF Value™ of NT$11.47. GuruFocus considers Mustang Industrial to be Significantly Overvalued.

Key valuation signals for ROCO:5460:

  • Cyclically Adjusted PS Ratio: 1.43 (77% above median its 10-year median of 0.81)
  • GF Value™: NT$11.47 vs. price of NT$16.00 (39.5% above fair value)
  • GF Score™: 59/100 with 1 warning sign
  • Industry Position: 22.7% below the Industrial Products median (#982 of 2286)

No single metric tells the full story. See the ROCO:5460 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mustang Industrial Business Description

Address No. 1, Lane 429, Min\'an Road, Xinzhuang District, New Taipei, TWN, 242
Mustang Industrial Corp is engaged in the manufacture and distribution of metal stamping components in Taiwan. Its products include shielding frames and metal covers, brackets, chassis, antenna springs, and shielding cans, among others.
59GF Score

Get the complete analysis for ROCO:5460

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

NT$16.00
Price
NT$11.47
GF Value