Wah Hong Industrial (ROCO:8240) Cyclically Adjusted PS Ratio: 0.41 (As of Aug. 12, 2026) — 41% Above Median

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ROCO:8240 Wah Hong Industrial Corp ROCO:8240
60 GF Score
Price NT$43.40
GF Value NT$30.60
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Wah Hong Industrial Cyclically Adjusted PS Ratio?

Wah Hong Industrial ROCO:8240 +2.72% 60 Cyclically Adjusted PS Ratio is 0.41 as of Aug. 12, 2026, which is 41% above its 10-year median of 0.29. GuruFocus rates ROCO:8240 with a GF Score™ of 60/100 and a GF Value™ of NT$30.60 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,978 Hardware companies, Wah Hong Industrial ranks better than 78.92% on this metric.

As of today (2026-08-12), Wah Hong Industrial's current share price is NT$43.40. Wah Hong Industrial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$104.80. Wah Hong Industrial's Cyclically Adjusted PS Ratio for today is 0.41.

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

ROCO:8240' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.15   Med: 0.29   Max: 0.54
Current: 0.4

During the past years, Wah Hong Industrial's highest Cyclically Adjusted PS Ratio was 0.54. The lowest was 0.15. And the median was 0.29.

ROCO:8240's Cyclically Adjusted PS Ratio is ranked better than
78.92% of 1978 companies
in the Hardware industry
Industry Median: 1.39 vs ROCO:8240: 0.40

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.

Wah Hong Industrial's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$16.025. 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$104.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Wah Hong Industrial  (ROCO:8240) 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.


Wah Hong Industrial Cyclically Adjusted PS Ratio Related Terms


Wah Hong Industrial Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Wah Hong Industrial'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.

Wah Hong Industrial Cyclically Adjusted PS Ratio Chart

Wah Hong Industrial 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 0.28 0.25 0.31 0.43 0.35

Wah Hong Industrial 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 0.35 0.28 0.35 0.35 0.49

ROCO:8240 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Wah Hong Industrial'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.


Wah Hong Industrial Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Wah Hong Industrial's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Wah Hong Industrial's Cyclically Adjusted PS Ratio falls into.


ROCO:8240
60GF Score
Wah Hong Industrial Corp ROCO:8240
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wah Hong Industrial 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.

Wah Hong Industrial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=43.40/104.80
=0.41

* 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.

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

For example, Wah Hong Industrial'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)
=16.025/330.2130*330.2130
=16.025

Current CPI (Mar. 2026) = 330.2130.

Wah Hong Industrial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 21.558 241.018 29.536
201609 24.774 241.428 33.885
201612 22.282 241.432 30.476
201703 20.251 243.801 27.429
201706 19.405 244.955 26.159
201709 23.372 246.819 31.269
201712 19.507 246.524 26.129
201803 18.064 249.554 23.903
201806 18.067 251.989 23.675
201809 20.945 252.439 27.398
201812 20.099 251.233 26.418
201903 20.816 254.202 27.040
201906 25.453 256.143 32.813
201909 26.047 256.759 33.499
201912 26.047 256.974 33.471
202003 21.767 258.115 27.847
202006 25.432 257.797 32.576
202009 29.308 260.280 37.183
202012 27.694 260.474 35.109
202103 27.169 264.877 33.871
202106 26.798 271.696 32.570
202109 28.347 274.310 34.124
202112 26.221 278.802 31.056
202203 26.340 287.504 30.253
202206 23.456 296.311 26.140
202209 21.541 296.808 23.965
202212 19.792 296.797 22.020
202303 16.124 301.836 17.640
202306 19.670 305.109 21.288
202309 20.975 307.789 22.503
202312 18.451 306.746 19.863
202403 16.585 312.332 17.534
202406 18.697 314.175 19.651
202409 20.041 315.301 20.989
202412 19.853 315.605 20.772
202503 18.685 319.799 19.293
202506 17.039 322.561 17.443
202509 18.050 324.800 18.351
202512 16.513 324.054 16.827
202603 16.025 330.213 16.025

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 0.41 mean?
Wah Hong Industrial (ROCO:8240) has a Cyclically Adjusted PS Ratio of 0.41 as of Aug. 12, 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 Wah Hong Industrial and its competitors. This is 41% above median its historical median of 0.29. Over the past decade, Wah Hong Industrial's Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.54. According to the industry distribution chart, Wah Hong Industrial ranks #417 out of 1978 companies in the Hardware industry, placing it in the top 21.1%.
Is Wah Hong Industrial's Cyclically Adjusted PS Ratio too high?
Wah Hong Industrial's current Cyclically Adjusted PS Ratio of 0.41 is 41% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.54. The Hardware industry median Cyclically Adjusted PS Ratio is 1.39. Wah Hong Industrial's value of 0.41 is 70.5% below this industry median. Based on the distribution chart, Wah Hong Industrial ranks #417 out of 1978 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Wah Hong Industrial has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wah Hong Industrial's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Wah Hong Industrial ranks #417 out of 1978 companies for Cyclically Adjusted PS Ratio. This places Wah Hong Industrial in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.39. Wah Hong Industrial's value of 0.41 is 70.5% below this benchmark. Historically, Wah Hong Industrial's own Cyclically Adjusted PS Ratio has ranged from 0.15 to 0.54 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.39, Wah Hong Industrial 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.39, based on 1,978 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. Wah Hong Industrial's current Cyclically Adjusted PS Ratio of 0.41 is 70.5% 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 Wah Hong Industrial and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wah Hong Industrial's current Cyclically Adjusted PS Ratio is 0.41, which is 41% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wah Hong Industrial stock overvalued right now?
Based on GuruFocus' analysis, Wah Hong Industrial (ROCO:8240) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$30.60, compared to a current price of NT$43.40 — trading 41.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.41, which is 41% above median its 10-year median of 0.29 and 70.5% below the Hardware industry median of 1.39. Wah Hong Industrial's overall GF Score™ is 60/100 with 4 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 Wah Hong Industrial (ROCO:8240), the current Cyclically Adjusted PS Ratio is 0.41 as of Aug. 12, 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 Wah Hong Industrial (ROCO:8240) Overvalued in 2026?

Based on GuruFocus' analysis, Wah Hong Industrial stock appears to be overvalued. The current stock price of NT$43.40 is trading 41.8% above its estimated GF Value™ of NT$30.60. GuruFocus considers Wah Hong Industrial to be Significantly Overvalued.

Key valuation signals for ROCO:8240:

  • Cyclically Adjusted PS Ratio: 0.41 (41% above median its 10-year median of 0.29)
  • GF Value™: NT$30.60 vs. price of NT$43.40 (41.8% above fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 70.5% below the Hardware median (#417 of 1978)

No single metric tells the full story. See the ROCO:8240 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Wah Hong Industrial Business Description

Address No.235 Zhongzheng 4th Road, 6&7, 11th Floor, Kaohsiung, TWN
Wah Hong Industrial Corp is engaged in the manufacturing and trading of materials of LCD (Diffusion, Reflection films etc.), materials of Bulk Molding Compounds (BMC) and Molding products etc. Its segments include Wah Hong Industrial Corporation (Taiwan), Wah Hong International Ltd., Sun Hong and Xiamen Guang Hong (South China), and Wah Hong Technology Ltd., SIP Chang Hong, SIP Chang Jun, Ningbo Changhong, Qingdao Changhong, Chang Hong (HK), Ningbo Changli, Smart Succeed Ltd., Granite International Ltd., Allied Royal LLC., Suzhou Alliance and Best Honor Inc. (Eastern China). It derives the majority of revenue from Eastern China segment.
60GF Score

Get the complete analysis for ROCO:8240

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

NT$43.40
Price
NT$30.60
GF Value