Gold Circuit Electronics (TPE:2368) Cyclically Adjusted PS Ratio: (As of Aug. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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Charlie Tian
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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.

TPE:2368 Gold Circuit Electronics Ltd TPE:2368
82 GF Score
Price NT$948.00
GF Value NT$557.33
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Gold Circuit Electronics Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Gold Circuit Electronics  (TPE:2368) 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.


Gold Circuit Electronics Cyclically Adjusted PS Ratio Related Terms


Gold Circuit Electronics Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Gold Circuit Electronics'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.

Gold Circuit Electronics Cyclically Adjusted PS Ratio Chart

Gold Circuit Electronics 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 1.88 1.72 4.07 4.19 10.45

Gold Circuit Electronics 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 4.81 6.81 10.45 12.37 0.00

TPE:2368 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Gold Circuit Electronics'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.


Gold Circuit Electronics Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Gold Circuit Electronics's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Gold Circuit Electronics's Cyclically Adjusted PS Ratio falls into.


TPE:2368
82GF Score
Gold Circuit Electronics Ltd TPE:2368
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gold Circuit Electronics 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.

Gold Circuit Electronics's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Gold Circuit Electronics'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)
=46.24/333.9520*333.9520
=46.240

Current CPI (Jun. 2026) = 333.9520.

Gold Circuit Electronics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10.761 241.428 14.885
201612 10.493 241.432 14.514
201703 8.738 243.801 11.969
201706 9.358 244.955 12.758
201709 10.455 246.819 14.146
201712 10.093 246.524 13.672
201803 9.643 249.554 12.904
201806 10.240 251.989 13.571
201809 11.731 252.439 15.519
201812 10.382 251.233 13.800
201903 8.838 254.202 11.611
201906 8.664 256.143 11.296
201909 9.544 256.759 12.413
201912 11.628 256.974 15.111
202003 10.365 258.115 13.410
202006 12.978 257.797 16.812
202009 13.113 260.280 16.825
202012 11.412 260.474 14.631
202103 11.832 264.877 14.918
202106 13.086 271.696 16.085
202109 12.978 274.310 15.800
202112 10.426 278.802 12.488
202203 13.333 287.504 15.487
202206 15.629 296.311 17.614
202209 17.334 296.808 19.503
202212 17.110 296.797 19.252
202303 12.930 301.836 14.306
202306 14.240 305.109 15.586
202309 16.931 307.789 18.370
202312 17.263 306.746 18.794
202403 17.916 312.332 19.156
202406 19.263 314.175 20.476
202409 21.043 315.301 22.288
202412 19.429 315.605 20.558
202503 23.793 319.799 24.846
202506 27.151 322.561 28.110
202509 35.320 324.800 36.315
202512 31.995 324.054 32.972
202603 36.684 330.213 37.099
202606 46.240 333.952 46.240

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 Gold Circuit Electronics (TPE:2368) Overvalued in 2026?

Based on GuruFocus' analysis, Gold Circuit Electronics stock appears to be overvalued. The current stock price of NT$948.00 is trading 70.1% above its estimated GF Value™ of NT$557.33. GuruFocus considers Gold Circuit Electronics to be Significantly Overvalued.

Key valuation signals for TPE:2368:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$557.33 vs. price of NT$948.00 (70.1% above fair value)
  • GF Score™: 82/100 with 3 warning signs

No single metric tells the full story. See the TPE:2368 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gold Circuit Electronics Business Description

Address No. 113, Xiyuan Road, Zhongli Industrial Park, Zhongli District, Taoyuan, TWN, 320
Gold Circuit Electronics Ltd manufactures, processes and sells printed circuit boards for various applications. Its products are applied in notebooks, handheld devices, telecommunications, networking, and server & storage fields, among others. The company's revenue was generated from the sale of electronic products, such as printed circuit boards.
82GF Score

Get the complete analysis for TPE:2368

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

NT$948.00
Price
NT$557.33
GF Value