Keystone Microtech (ROCO:6683) Cyclically Adjusted PS Ratio: 21.73 (As of Aug. 09, 2026) — 160% Above Median

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ROCO:6683 Keystone Microtech Corp ROCO:6683
79 GF Score
Price NT$1,120.00
GF Value NT$500.45
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Keystone Microtech Cyclically Adjusted PS Ratio?

Keystone Microtech ROCO:6683 -5.49% 79 Cyclically Adjusted PS Ratio is 21.73 as of Aug. 09, 2026, which is 160% above its 10-year median of 8.37. GuruFocus rates ROCO:6683 with a GF Score™ of 79/100 and a GF Value™ of NT$500.45 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 731 Semiconductors companies, Keystone Microtech ranks worse than 90.42% on this metric.

As of today (2026-08-09), Keystone Microtech's current share price is NT$1120.00. Keystone Microtech's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was NT$51.55. Keystone Microtech's Cyclically Adjusted PS Ratio for today is 21.73.

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

ROCO:6683' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.31   Med: 8.37   Max: 26.87
Current: 21.73

During the past 12 years, Keystone Microtech's highest Cyclically Adjusted PS Ratio was 26.87. The lowest was 6.31. And the median was 8.37.

ROCO:6683's Cyclically Adjusted PS Ratio is ranked worse than
90.42% of 731 companies
in the Semiconductors industry
Industry Median: 3.01 vs ROCO:6683: 21.73

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.

Keystone Microtech's adjusted revenue per share data of for the fiscal year that ended in Dec25 was NT$77.460. 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$51.55 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Keystone Microtech  (ROCO:6683) 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.


Keystone Microtech Cyclically Adjusted PS Ratio Related Terms


Keystone Microtech Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Keystone Microtech'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.

Keystone Microtech Cyclically Adjusted PS Ratio Chart

Keystone Microtech 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 7.24 9.25 8.06

Keystone Microtech 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 0.00 0.00 0.00 8.06 0.00

ROCO:6683 vs AMAT, LRCX, KLAC: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Keystone Microtech'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.


Keystone Microtech Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


ROCO:6683
79GF Score
Keystone Microtech Corp ROCO:6683
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keystone Microtech 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.

Keystone Microtech's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1120.00/51.55
=21.73

* 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.

Keystone Microtech's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Keystone Microtech's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=77.46/324.0540*324.0540
=77.460

Current CPI (Dec25) = 324.0540.

Keystone Microtech Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 26.979 241.432 36.212
201712 22.874 246.524 30.068
201812 25.861 251.233 33.357
201912 31.057 256.974 39.164
202012 45.075 260.474 56.078
202112 54.291 278.802 63.103
202212 55.667 296.797 60.779
202312 51.543 306.746 54.451
202412 63.114 315.605 64.804
202512 77.460 324.054 77.460

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 21.73 mean?
Keystone Microtech (ROCO:6683) has a Cyclically Adjusted PS Ratio of 21.73 as of Aug. 09, 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 Keystone Microtech and its competitors. This is 160% above median its historical median of 8.37. Over the past decade, Keystone Microtech's Cyclically Adjusted PS Ratio has ranged from 6.31 to 26.87. According to the industry distribution chart, Keystone Microtech ranks #661 out of 731 companies in the Semiconductors industry, placing it in the top 90.4%.
Is Keystone Microtech's Cyclically Adjusted PS Ratio too high?
Keystone Microtech's current Cyclically Adjusted PS Ratio of 21.73 is 160% above median its 10-year median of 8.37. Over the past 10 years, this metric has ranged from a low of 6.31 to a high of 26.87. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.01. Keystone Microtech's value of 21.73 is 621.9% above this industry median. Based on the distribution chart, Keystone Microtech ranks #661 out of 731 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Keystone Microtech has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keystone Microtech's Cyclically Adjusted PS Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Keystone Microtech ranks #661 out of 731 companies for Cyclically Adjusted PS Ratio. This places Keystone Microtech in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.01. Keystone Microtech's value of 21.73 is 621.9% above this benchmark. Historically, Keystone Microtech's own Cyclically Adjusted PS Ratio has ranged from 6.31 to 26.87 over the past decade. While the company's 10-year median is 8.37 vs. the industry median of 3.01, Keystone Microtech 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 3.01, based on 731 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. Keystone Microtech's current Cyclically Adjusted PS Ratio of 21.73 is 621.9% 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 Keystone Microtech and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keystone Microtech's current Cyclically Adjusted PS Ratio is 21.73, which is 160% above median its own 10-year median of 8.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keystone Microtech stock overvalued right now?
Based on GuruFocus' analysis, Keystone Microtech (ROCO:6683) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$500.45, compared to a current price of NT$1,120.00 — trading 123.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 21.73, which is 160% above median its 10-year median of 8.37 and 621.9% above the Semiconductors industry median of 3.01. Keystone Microtech'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 Keystone Microtech (ROCO:6683), the current Cyclically Adjusted PS Ratio is 21.73 as of Aug. 09, 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 Keystone Microtech (ROCO:6683) Overvalued in 2026?

Based on GuruFocus' analysis, Keystone Microtech stock appears to be overvalued. The current stock price of NT$1,120.00 is trading 123.8% above its estimated GF Value™ of NT$500.45. GuruFocus considers Keystone Microtech to be Significantly Overvalued.

Key valuation signals for ROCO:6683:

  • Cyclically Adjusted PS Ratio: 21.73 (160% above median its 10-year median of 8.37)
  • GF Value™: NT$500.45 vs. price of NT$1,120.00 (123.8% above fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 621.9% above the Semiconductors median (#661 of 731)

No single metric tells the full story. See the ROCO:6683 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keystone Microtech Business Description

Address No. 33, Huanke 1st Road, 9th Floor-2, Hsinchu County, Zhubei, TWN, 302047
Keystone Microtech Corp operates as a semiconductor device manufacturing company. The company is mainly an important operating department engaged in the manufacture and sale of various circuit testing solutions for semiconductors, including IC front-end test solutions (probe cards and substrates), IC back-end test solutions (load boards and burn-in boards), and other related testing boards. Geographically, it operates in Taiwan and other regions, out of which the majority of its revenue is derived from Taiwan.
79GF Score

Get the complete analysis for ROCO:6683

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

NT$1,120.00
Price
NT$500.45
GF Value