PChome Online (ROCO:8044) Cyclically Adjusted PS Ratio: 0.08 (As of Aug. 04, 2026) — 60% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:8044 PChome Online Inc ROCO:8044
57 GF Score
Price NT$26.65
GF Value NT$24.84
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is PChome Online Cyclically Adjusted PS Ratio?

PChome Online ROCO:8044 +1.72% 57 Cyclically Adjusted PS Ratio is 0.08 as of Aug. 04, 2026, which is 60% below its 10-year median of 0.20. GuruFocus rates ROCO:8044 with a GF Score™ of 57/100 and a GF Value™ of NT$24.84 (Fairly Valued). The stock has 7 warning signs investors should review. Among 793 Retail - Cyclical companies, PChome Online ranks better than 93.19% on this metric.

As of today (2026-08-04), PChome Online's current share price is NT$26.65. PChome Online's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$347.87. PChome Online's Cyclically Adjusted PS Ratio for today is 0.08.

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

ROCO:8044' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.2   Max: 0.75
Current: 0.07

During the past years, PChome Online's highest Cyclically Adjusted PS Ratio was 0.75. The lowest was 0.06. And the median was 0.20.

ROCO:8044's Cyclically Adjusted PS Ratio is ranked better than
93.19% of 793 companies
in the Retail - Cyclical industry
Industry Median: 0.49 vs ROCO:8044: 0.07

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.

PChome Online's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$46.898. 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$347.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


PChome Online  (ROCO:8044) 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.


PChome Online Cyclically Adjusted PS Ratio Related Terms


PChome Online Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for PChome Online'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.

PChome Online Cyclically Adjusted PS Ratio Chart

PChome Online 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 0.46 0.17 0.13 0.13 0.09

PChome Online 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 0.11 0.10 0.09 0.09 0.06

ROCO:8044 vs AMZN, BABA, PDD: Cyclically Adjusted PS Ratio Comparison

For the Internet Retail subindustry, PChome Online'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.


PChome Online Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PChome Online's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ROCO:8044
57GF Score
PChome Online Inc ROCO:8044
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PChome Online 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.

PChome Online's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=26.65/347.87
=0.08

* 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.

PChome Online's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, PChome Online'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)
=46.898/330.2130*330.2130
=46.898

Current CPI (Mar. 2026) = 330.2130.

PChome Online Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 47.313 241.018 64.822
201609 53.346 241.428 72.964
201612 55.583 241.432 76.022
201703 58.074 243.801 78.658
201706 57.903 244.955 78.056
201709 59.487 246.819 79.586
201712 70.117 246.524 93.920
201803 68.939 249.554 91.221
201806 65.825 251.989 86.259
201809 69.302 252.439 90.653
201812 87.022 251.233 114.379
201903 77.411 254.202 100.558
201906 74.088 256.143 95.512
201909 79.982 256.759 102.863
201912 95.663 256.974 122.927
202003 89.723 258.115 114.785
202006 86.622 257.797 110.954
202009 87.048 260.280 110.436
202012 72.103 260.474 91.408
202103 86.311 264.877 107.601
202106 89.311 271.696 108.547
202109 85.584 274.310 103.026
202112 106.298 278.802 125.899
202203 90.486 287.504 103.928
202206 86.566 296.311 96.470
202209 81.139 296.808 90.271
202212 102.471 296.797 114.008
202303 80.998 301.836 88.613
202306 72.686 305.109 78.667
202309 72.920 307.789 78.233
202312 85.830 306.746 92.396
202403 68.357 312.332 72.270
202406 60.117 314.175 63.186
202409 59.797 315.301 62.625
202412 77.128 315.605 80.698
202503 47.859 319.799 49.417
202506 41.589 322.561 42.576
202509 41.996 324.800 42.696
202512 53.700 324.054 54.721
202603 46.898 330.213 46.898

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 0.08 mean?
PChome Online (ROCO:8044) has a Cyclically Adjusted PS Ratio of 0.08 as of Aug. 04, 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 PChome Online and its competitors. This is 60% below median its historical median of 0.20. Over the past decade, PChome Online's Cyclically Adjusted PS Ratio has ranged from 0.06 to 0.75. According to the industry distribution chart, PChome Online ranks #54 out of 793 companies in the Retail - Cyclical industry, placing it in the top 6.8%.
Is PChome Online's Cyclically Adjusted PS Ratio too high?
PChome Online's current Cyclically Adjusted PS Ratio of 0.08 is 60% below median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.75. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.49. PChome Online's value of 0.08 is 83.7% below this industry median. Based on the distribution chart, PChome Online ranks #54 out of 793 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, PChome Online has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PChome Online's Cyclically Adjusted PS Ratio compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, PChome Online ranks #54 out of 793 companies for Cyclically Adjusted PS Ratio. This places PChome Online in the top 7% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.49. PChome Online's value of 0.08 is 83.7% below this benchmark. Historically, PChome Online's own Cyclically Adjusted PS Ratio has ranged from 0.06 to 0.75 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 0.49, PChome Online 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 a Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.49, based on 793 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. PChome Online's current Cyclically Adjusted PS Ratio of 0.08 is 83.7% 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 PChome Online and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PChome Online's current Cyclically Adjusted PS Ratio is 0.08, which is 60% below median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PChome Online stock overvalued right now?
Based on GuruFocus' analysis, PChome Online (ROCO:8044) is currently considered Fairly Valued. The stock's GF Value™ is NT$24.84, compared to a current price of NT$26.65 — trading 7.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.08, which is 60% below median its 10-year median of 0.20 and 83.7% below the Retail - Cyclical industry median of 0.49. PChome Online's overall GF Score™ is 57/100 with 7 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 PChome Online (ROCO:8044), the current Cyclically Adjusted PS Ratio is 0.08 as of Aug. 04, 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 PChome Online (ROCO:8044) Overvalued in 2026?

Based on GuruFocus' analysis, PChome Online stock appears to be overvalued. The current stock price of NT$26.65 is trading 7.3% above its estimated GF Value™ of NT$24.84. GuruFocus considers PChome Online to be Fairly Valued.

Key valuation signals for ROCO:8044:

  • Cyclically Adjusted PS Ratio: 0.08 (60% below median its 10-year median of 0.20)
  • GF Value™: NT$24.84 vs. price of NT$26.65 (7.3% above fair value)
  • GF Score™: 57/100 with 7 warning signs
  • Industry Position: 83.7% below the Retail - Cyclical median (#54 of 793)

No single metric tells the full story. See the ROCO:8044 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PChome Online Business Description

Address Tun Hwa South Road, 12 Floor, No. 105, Section 2, Taipei, TWN, 106
PChome Online Inc is an E-commerce service provider. The primary business scope of the Company and its subsidiaries (together referred to as the Group) includes software design, digital information supply, data processing, and wholesaling and retailing of office machinery, equipment, and information software. The Group's reportable segments are the E-Commerce-Sales segment, Marketplace segment, Fintech segment, and other segment. The E-Commerce-Sales segment is the revenue collection from the online platform from the sale of goods. The other segment is the revenue generated from the online platform to provide search engine services, and telecommunication and communication services. Geographically, in Taiwan only.
57GF Score

Get the complete analysis for ROCO:8044

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

NT$26.65
Price
NT$24.84
GF Value