Good Finance Securities Co (ROCO:6021) Cyclically Adjusted PS Ratio: (As of Aug. 31, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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ROCO:6021 Good Finance Securities Co Ltd ROCO:6021
67 GF Score
Price NT$38.65
GF Value NT$28.62
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Good Finance Securities Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Good Finance Securities Co  (ROCO:6021) 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.


Good Finance Securities Co Cyclically Adjusted PS Ratio Related Terms


Good Finance Securities Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Good Finance Securities 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.

Good Finance Securities Co Cyclically Adjusted PS Ratio Chart

Good Finance Securities 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 9.52 7.97 5.43 7.96 7.96

Good Finance Securities 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 6.64 6.89 7.96 8.65 0.00

ROCO:6021 vs MS, GS, SCHW: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Good Finance Securities 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.


Good Finance Securities Co Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Good Finance Securities Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Good Finance Securities Co's Cyclically Adjusted PS Ratio falls into.


ROCO:6021
67GF Score
Good Finance Securities Co Ltd ROCO:6021
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Good Finance Securities 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.

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

For example, Good Finance Securities 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)
=2.031/333.9520*333.9520
=2.031

Current CPI (Jun. 2026) = 333.9520.

Good Finance Securities Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.261 241.428 0.361
201612 0.312 241.432 0.432
201703 0.424 243.801 0.581
201706 0.362 244.955 0.494
201709 0.650 246.819 0.879
201712 0.452 246.524 0.612
201803 0.501 249.554 0.670
201806 0.707 251.989 0.937
201809 0.545 252.439 0.721
201812 0.354 251.233 0.471
201903 0.355 254.202 0.466
201906 0.405 256.143 0.528
201909 0.468 256.759 0.609
201912 0.460 256.974 0.598
202003 0.496 258.115 0.642
202006 0.504 257.797 0.653
202009 0.759 260.280 0.974
202012 0.697 260.474 0.894
202103 0.851 264.877 1.073
202106 1.207 271.696 1.484
202109 1.480 274.310 1.802
202112 0.869 278.802 1.041
202203 0.773 287.504 0.898
202206 0.992 296.311 1.118
202209 0.732 296.808 0.824
202212 0.536 296.797 0.603
202303 0.546 301.836 0.604
202306 1.000 305.109 1.095
202309 1.048 307.789 1.137
202312 0.696 306.746 0.758
202403 0.824 312.332 0.881
202406 1.110 314.175 1.180
202409 1.240 315.301 1.313
202412 0.780 315.605 0.825
202503 0.757 319.799 0.791
202506 1.022 322.561 1.058
202509 1.243 324.800 1.278
202512 1.124 324.054 1.158
202603 1.349 330.213 1.364
202606 2.031 333.952 2.031

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 Good Finance Securities Co (ROCO:6021) Overvalued in 2026?

Based on GuruFocus' analysis, Good Finance Securities Co stock appears to be overvalued. The current stock price of NT$38.65 is trading 35% above its estimated GF Value™ of NT$28.62. GuruFocus considers Good Finance Securities Co to be Significantly Overvalued.

Key valuation signals for ROCO:6021:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$28.62 vs. price of NT$38.65 (35% above fair value)
  • GF Score™: 67/100 with 9 warning signs

No single metric tells the full story. See the ROCO:6021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Good Finance Securities Co Business Description

Address Minsheng East Road, Section 2, 4th Floor, No. 174 and No. 176, Taipei, TWN
Good Finance Securities Co Ltd is a security company. The company operates its businesses through security brokerage, proprietary business, and underwriting, and hedging business. The company provides its services to individuals and corporate clients. The reportable segments of the Group are Client partner segment, Investment segment, Investment bank segment, Futures segment and others. Majority of revenue is generated from Investment segment. Investment segment is responsible for securities dealing, bonds dealing, trading of financial instruments relating to interest rate and bills and bonds under repurchase or resale agreements followed by Client partner segment, Futures segment, and Investment bank segment.
67GF Score

Get the complete analysis for ROCO:6021

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

NT$38.65
Price
NT$28.62
GF Value