TienPin United Enterprise Co (ROCO:6199) Cyclically Adjusted PS Ratio: 36.82 (As of Sep. 07, 2026) — 127% Above Median

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ROCO:6199 TienPin United Enterprise Co Ltd ROCO:6199
79 GF Score
Price NT$96.10
GF Value NT$350.70
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is TienPin United Enterprise Co Cyclically Adjusted PS Ratio?

TienPin United Enterprise Co ROCO:6199 +0.95% 79 Cyclically Adjusted PS Ratio is 36.82 as of Sep. 07, 2026, which is 127% above its 10-year median of 16.24. GuruFocus rates ROCO:6199 with a GF Score™ of 79/100 and a GF Value™ of NT$350.70 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,964 Hardware companies, TienPin United Enterprise Co ranks worse than 98.83% on this metric.

As of today (2026-09-07), TienPin United Enterprise Co's current share price is NT$96.10. TienPin United Enterprise Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$2.61. TienPin United Enterprise Co's Cyclically Adjusted PS Ratio for today is 36.82.

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

ROCO:6199' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 8.28   Med: 16.24   Max: 85.71
Current: 36.78

During the past years, TienPin United Enterprise Co's highest Cyclically Adjusted PS Ratio was 85.71. The lowest was 8.28. And the median was 16.24.

ROCO:6199's Cyclically Adjusted PS Ratio is ranked worse than
98.83% of 1964 companies
in the Hardware industry
Industry Median: 1.405 vs ROCO:6199: 36.78

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.

TienPin United Enterprise Co's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$3.309. 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$2.61 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TienPin United Enterprise Co  (ROCO:6199) 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.


TienPin United Enterprise Co Cyclically Adjusted PS Ratio Related Terms


TienPin United Enterprise Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TienPin United Enterprise 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.

TienPin United Enterprise Co Cyclically Adjusted PS Ratio Chart

TienPin United Enterprise 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 13.49 13.06 18.53 81.88 57.75

TienPin United Enterprise 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 63.35 58.36 57.75 46.10 38.85

ROCO:6199 vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, TienPin United Enterprise 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.


TienPin United Enterprise Co Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, TienPin United Enterprise Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where TienPin United Enterprise Co's Cyclically Adjusted PS Ratio falls into.


ROCO:6199
79GF Score
TienPin United Enterprise Co Ltd ROCO:6199
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TienPin United Enterprise 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.

TienPin United Enterprise Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=96.10/2.61
=36.82

* 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.

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

For example, TienPin United Enterprise 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)
=3.309/333.9520*333.9520
=3.309

Current CPI (Jun. 2026) = 333.9520.

TienPin United Enterprise Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.258 241.428 0.357
201612 0.291 241.432 0.403
201703 0.195 243.801 0.267
201706 0.468 244.955 0.638
201709 0.372 246.819 0.503
201712 0.762 246.524 1.032
201803 0.485 249.554 0.649
201806 0.489 251.989 0.648
201809 0.268 252.439 0.355
201812 0.210 251.233 0.279
201903 0.144 254.202 0.189
201906 0.091 256.143 0.119
201909 0.135 256.759 0.176
201912 0.532 256.974 0.691
202003 0.199 258.115 0.257
202006 0.135 257.797 0.175
202009 0.129 260.280 0.166
202012 0.241 260.474 0.309
202103 0.247 264.877 0.311
202106 0.274 271.696 0.337
202109 0.373 274.310 0.454
202112 0.329 278.802 0.394
202203 0.378 287.504 0.439
202206 0.356 296.311 0.401
202209 0.333 296.808 0.375
202212 0.392 296.797 0.441
202303 0.642 301.836 0.710
202306 0.391 305.109 0.428
202309 0.413 307.789 0.448
202312 0.449 306.746 0.489
202403 0.315 312.332 0.337
202406 0.427 314.175 0.454
202409 0.378 315.301 0.400
202412 0.424 315.605 0.449
202503 0.347 319.799 0.362
202506 0.509 322.561 0.527
202509 1.363 324.800 1.401
202512 2.052 324.054 2.115
202603 4.286 330.213 4.335
202606 3.309 333.952 3.309

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 36.82 mean?
TienPin United Enterprise Co (ROCO:6199) has a Cyclically Adjusted PS Ratio of 36.82 as of Sep. 07, 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 TienPin United Enterprise Co and its competitors. This is 127% above median its historical median of 16.24. Over the past decade, TienPin United Enterprise Co's Cyclically Adjusted PS Ratio has ranged from 8.28 to 85.71. According to the industry distribution chart, TienPin United Enterprise Co ranks #1941 out of 1964 companies in the Hardware industry, placing it in the top 98.8%.
Is TienPin United Enterprise Co's Cyclically Adjusted PS Ratio too high?
TienPin United Enterprise Co's current Cyclically Adjusted PS Ratio of 36.82 is 127% above median its 10-year median of 16.24. Over the past 10 years, this metric has ranged from a low of 8.28 to a high of 85.71. The Hardware industry median Cyclically Adjusted PS Ratio is 1.41. TienPin United Enterprise Co's value of 36.82 is 2520.6% above this industry median. Based on the distribution chart, TienPin United Enterprise Co ranks #1941 out of 1964 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, TienPin United Enterprise Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TienPin United Enterprise Co's Cyclically Adjusted PS Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, TienPin United Enterprise Co ranks #1941 out of 1964 companies for Cyclically Adjusted PS Ratio. This places TienPin United Enterprise Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. TienPin United Enterprise Co's value of 36.82 is 2520.6% above this benchmark. Historically, TienPin United Enterprise Co's own Cyclically Adjusted PS Ratio has ranged from 8.28 to 85.71 over the past decade. While the company's 10-year median is 16.24 vs. the industry median of 1.41, TienPin United Enterprise 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.41, based on 1,964 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. TienPin United Enterprise Co's current Cyclically Adjusted PS Ratio of 36.82 is 2520.6% 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 TienPin United Enterprise Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TienPin United Enterprise Co's current Cyclically Adjusted PS Ratio is 36.82, which is 127% above median its own 10-year median of 16.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TienPin United Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, TienPin United Enterprise Co (ROCO:6199) is currently considered Possible Value Trap. The stock's GF Value™ is NT$350.70, compared to a current price of NT$96.10 — trading 72.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 36.82, which is 127% above median its 10-year median of 16.24 and 2520.6% above the Hardware industry median of 1.41. TienPin United Enterprise Co's overall GF Score™ is 79/100 with 2 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 TienPin United Enterprise Co (ROCO:6199), the current Cyclically Adjusted PS Ratio is 36.82 as of Sep. 07, 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 TienPin United Enterprise Co (ROCO:6199) Overvalued in 2026?

Based on GuruFocus' analysis, TienPin United Enterprise Co stock appears to be undervalued. The current stock price of NT$96.10 is trading 72.6% below its estimated GF Value™ of NT$350.70. GuruFocus considers TienPin United Enterprise Co to be Possible Value Trap.

Key valuation signals for ROCO:6199:

  • Cyclically Adjusted PS Ratio: 36.82 (127% above median its 10-year median of 16.24)
  • GF Value™: NT$350.70 vs. price of NT$96.10 (72.6% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 2520.6% above the Hardware median (#1941 of 1964)

No single metric tells the full story. See the ROCO:6199 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TienPin United Enterprise Co Business Description

Address No. 657, Bannan Road, 8th Floor, Zhongli District, New Taipei City, TWN
TienPin United Enterprise Co Ltd is a flash storage manufacturer, specializing in portable storage products. It designs and manufactures products using USB 2.0, PCMCIA, ExpressCard, FireWire, SDIO and CompactFlash interfaces. Its products include a lash card reader/writer, flash card adapter, Digital Photo Frame, Digital Signage, LCD TV Player Module, fingerprint device, and flash drive.
79GF Score

Get the complete analysis for ROCO:6199

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

NT$96.10
Price
NT$350.70
GF Value