Chang Wah Technology Co (ROCO:6548) Cyclically Adjusted PS Ratio: 5.36 (As of Aug. 05, 2026) — 71% Above Median

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ROCO:6548 Chang Wah Technology Co Ltd ROCO:6548
71 GF Score
Price NT$74.40
GF Value NT$41.72
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Chang Wah Technology Co Cyclically Adjusted PS Ratio?

Chang Wah Technology Co ROCO:6548 +0.54% 71 Cyclically Adjusted PS Ratio is 5.36 as of Aug. 05, 2026, which is 71% above its 10-year median of 3.14. GuruFocus rates ROCO:6548 with a GF Score™ of 71/100 and a GF Value™ of NT$41.72 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 732 Semiconductors companies, Chang Wah Technology Co ranks worse than 64.48% on this metric.

As of today (2026-08-05), Chang Wah Technology Co's current share price is NT$74.40. Chang Wah Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$13.89. Chang Wah Technology Co's Cyclically Adjusted PS Ratio for today is 5.36.

The historical rank and industry rank for Chang Wah Technology Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

ROCO:6548' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.43   Med: 3.14   Max: 6.59
Current: 4.9

During the past years, Chang Wah Technology Co's highest Cyclically Adjusted PS Ratio was 6.59. The lowest was 2.43. And the median was 3.14.

ROCO:6548's Cyclically Adjusted PS Ratio is ranked worse than
64.48% of 732 companies
in the Semiconductors industry
Industry Median: 2.83 vs ROCO:6548: 4.90

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.

Chang Wah Technology Co's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$3.980. 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$13.89 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chang Wah Technology Co  (ROCO:6548) 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.


Chang Wah Technology Co Cyclically Adjusted PS Ratio Related Terms


Chang Wah Technology Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Chang Wah Technology 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.

Chang Wah Technology Co Cyclically Adjusted PS Ratio Chart

Chang Wah Technology 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 0.00 0.00 0.00 2.88 3.37

Chang Wah Technology 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 2.90 2.44 2.66 3.37 3.36

ROCO:6548 vs NVDA, AVGO, MU: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, Chang Wah Technology 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.


Chang Wah Technology Co Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Chang Wah Technology Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Chang Wah Technology Co's Cyclically Adjusted PS Ratio falls into.


ROCO:6548
71GF Score
Chang Wah Technology Co Ltd ROCO:6548
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chang Wah Technology 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.

Chang Wah Technology Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=74.40/13.89
=5.36

* 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.

Chang Wah Technology Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Chang Wah Technology 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)
=3.98/330.2130*330.2130
=3.980

Current CPI (Mar. 2026) = 330.2130.

Chang Wah Technology Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.194 241.018 0.266
201609 0.220 241.428 0.301
201612 2.183 241.432 2.986
201703 1.004 243.801 1.360
201706 2.925 244.955 3.943
201709 2.995 246.819 4.007
201712 3.013 246.524 4.036
201803 2.631 249.554 3.481
201806 2.813 251.989 3.686
201809 2.875 252.439 3.761
201812 2.610 251.233 3.431
201903 2.439 254.202 3.168
201906 2.550 256.143 3.287
201909 2.793 256.759 3.592
201912 2.763 256.974 3.550
202003 2.437 258.115 3.118
202006 2.773 257.797 3.552
202009 2.716 260.280 3.446
202012 3.040 260.474 3.854
202103 3.068 264.877 3.825
202106 3.472 271.696 4.220
202109 3.727 274.310 4.487
202112 3.948 278.802 4.676
202203 3.868 287.504 4.443
202206 4.043 296.311 4.506
202209 3.922 296.808 4.363
202212 3.573 296.797 3.975
202303 3.030 301.836 3.315
202306 3.212 305.109 3.476
202309 3.040 307.789 3.261
202312 3.105 306.746 3.343
202403 2.913 312.332 3.080
202406 3.138 314.175 3.298
202409 3.315 315.301 3.472
202412 3.368 315.605 3.524
202503 3.386 319.799 3.496
202506 3.514 322.561 3.597
202509 3.806 324.800 3.869
202512 3.796 324.054 3.868
202603 3.980 330.213 3.980

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 5.36 mean?
Chang Wah Technology Co (ROCO:6548) has a Cyclically Adjusted PS Ratio of 5.36 as of Aug. 05, 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 Chang Wah Technology Co and its competitors. This is 71% above median its historical median of 3.14. Over the past decade, Chang Wah Technology Co's Cyclically Adjusted PS Ratio has ranged from 2.43 to 6.59. According to the industry distribution chart, Chang Wah Technology Co ranks #472 out of 732 companies in the Semiconductors industry, placing it in the top 64.5%.
Is Chang Wah Technology Co's Cyclically Adjusted PS Ratio too high?
Chang Wah Technology Co's current Cyclically Adjusted PS Ratio of 5.36 is 71% above median its 10-year median of 3.14. Over the past 10 years, this metric has ranged from a low of 2.43 to a high of 6.59. The Semiconductors industry median Cyclically Adjusted PS Ratio is 2.83. Chang Wah Technology Co's value of 5.36 is 89.4% above this industry median. Based on the distribution chart, Chang Wah Technology Co ranks #472 out of 732 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Chang Wah Technology Co has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chang Wah Technology Co's Cyclically Adjusted PS Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Chang Wah Technology Co ranks #472 out of 732 companies for Cyclically Adjusted PS Ratio. This places Chang Wah Technology Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.83. Chang Wah Technology Co's value of 5.36 is 89.4% above this benchmark. Historically, Chang Wah Technology Co's own Cyclically Adjusted PS Ratio has ranged from 2.43 to 6.59 over the past decade. While the company's 10-year median is 3.14 vs. the industry median of 2.83, Chang Wah Technology 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 2.83, based on 732 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. Chang Wah Technology Co's current Cyclically Adjusted PS Ratio of 5.36 is 89.4% 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 Chang Wah Technology Co and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chang Wah Technology Co's current Cyclically Adjusted PS Ratio is 5.36, which is 71% above median its own 10-year median of 3.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chang Wah Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Chang Wah Technology Co (ROCO:6548) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.72, compared to a current price of NT$74.40 — trading 78.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.36, which is 71% above median its 10-year median of 3.14 and 89.4% above the Semiconductors industry median of 2.83. Chang Wah Technology Co's overall GF Score™ is 71/100 with 3 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 Chang Wah Technology Co (ROCO:6548), the current Cyclically Adjusted PS Ratio is 5.36 as of Aug. 05, 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 Chang Wah Technology Co (ROCO:6548) Overvalued in 2026?

Based on GuruFocus' analysis, Chang Wah Technology Co stock appears to be overvalued. The current stock price of NT$74.40 is trading 78.3% above its estimated GF Value™ of NT$41.72. GuruFocus considers Chang Wah Technology Co to be Significantly Overvalued.

Key valuation signals for ROCO:6548:

  • Cyclically Adjusted PS Ratio: 5.36 (71% above median its 10-year median of 3.14)
  • GF Value™: NT$41.72 vs. price of NT$74.40 (78.3% above fair value)
  • GF Score™: 71/100 with 3 warning signs
  • Industry Position: 89.4% above the Semiconductors median (#472 of 732)

No single metric tells the full story. See the ROCO:6548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chang Wah Technology Co Business Description

Address No. 24, Kaifa Road, Nanzi District, Kaohsiung, TWN, 811
Chang Wah Technology Co Ltd mainly manufactures industrial plastic products and electronics components, and sells electronics components and machinery, and tools. The company focuses on manufacturing semiconductor frames, offering different products such as IC-Pin lead Frame, IC-Leadless lead Frame, IC-Special surface treatment, EMC lead frame, and PreMold lead frame. Along with its subsidiaries, the company operates in the following reportable segments: CWTC, CWTS, SHAP, Shing Zheng Investment, SHEC, SHPC, SHS, MSHE, WSP, and CWES. Maximum revenue is generated from its CWTC segment. Geographically, the group operates in Taiwan, Asia, and other regions.
71GF Score

Get the complete analysis for ROCO:6548

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

NT$74.40
Price
NT$41.72
GF Value