PChome Online (ROCO:8044) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

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
62 GF Score
Price NT$23.50
GF Value NT$25.61
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is PChome Online Cyclically Adjusted PS Ratio?

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
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 0.10 0.09 0.09 0.06 0.08

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
62GF 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, PChome Online'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)
=46.149/333.9520*333.9520
=46.149

Current CPI (Jun. 2026) = 333.9520.

PChome Online Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 53.212 241.428 73.605
201612 55.132 241.432 76.259
201703 58.063 243.801 79.533
201706 57.657 244.955 78.605
201709 61.398 246.819 83.073
201712 70.117 246.524 94.984
201803 68.939 249.554 92.254
201806 65.939 251.989 87.387
201809 69.115 252.439 91.432
201812 87.022 251.233 115.674
201903 77.411 254.202 101.697
201906 74.217 256.143 96.762
201909 79.525 256.759 103.434
201912 95.627 256.974 124.273
202003 89.723 258.115 116.085
202006 86.489 257.797 112.038
202009 86.612 260.280 111.127
202012 104.874 260.474 134.458
202103 86.311 264.877 108.819
202106 88.852 271.696 109.211
202109 86.743 274.310 105.603
202112 109.387 278.802 131.025
202203 90.486 287.504 105.105
202206 85.971 296.311 96.892
202209 78.482 296.808 88.304
202212 101.675 296.797 114.403
202303 79.829 301.836 88.323
202306 71.342 305.109 78.086
202309 72.679 307.789 78.857
202312 86.772 306.746 94.468
202403 68.357 312.332 73.089
202406 59.883 314.175 63.653
202409 59.862 315.301 63.403
202412 77.975 315.605 82.508
202503 47.659 319.799 49.768
202506 41.407 322.561 42.869
202509 42.055 324.800 43.240
202512 54.110 324.054 55.763
202603 47.265 330.213 47.800
202606 46.149 333.952 46.149

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 PChome Online (ROCO:8044) Overvalued in 2026?

Based on GuruFocus' analysis, PChome Online stock appears to be undervalued. The current stock price of NT$23.50 is trading 8.2% below its estimated GF Value™ of NT$25.61. GuruFocus considers PChome Online to be Fairly Valued.

Key valuation signals for ROCO:8044:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$25.61 vs. price of NT$23.50 (8.2% below fair value)
  • GF Score™: 62/100 with 8 warning signs

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.
62GF 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$23.50
Price
NT$25.61
GF Value