Avision (TPE:2380) Cyclically Adjusted PS Ratio: 0.30 (As of Sep. 11, 2026) — 29% 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.

TPE:2380 Avision Inc TPE:2380
56 GF Score
Price NT$17.10
GF Value NT$36.91
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Avision Cyclically Adjusted PS Ratio?

Avision TPE:2380 -3.12% 56 Cyclically Adjusted PS Ratio is 0.30 as of Sep. 11, 2026, which is 29% below its 10-year median of 0.42. GuruFocus rates TPE:2380 with a GF Score™ of 56/100 and a GF Value™ of NT$36.91 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,963 Hardware companies, Avision ranks better than 83.75% on this metric.

As of today (2026-09-11), Avision's current share price is NT$17.10. Avision's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$57.27. Avision's Cyclically Adjusted PS Ratio for today is 0.30.

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

TPE:2380' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.42   Max: 1
Current: 0.32

During the past years, Avision's highest Cyclically Adjusted PS Ratio was 1.00. The lowest was 0.18. And the median was 0.42.

TPE:2380's Cyclically Adjusted PS Ratio is ranked better than
83.75% of 1963 companies
in the Hardware industry
Industry Median: 1.4 vs TPE:2380: 0.32

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.

Avision's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$14.588. 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$57.27 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Avision  (TPE:2380) 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.


Avision Cyclically Adjusted PS Ratio Related Terms


Avision Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Avision'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.

Avision Cyclically Adjusted PS Ratio Chart

Avision 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 0.95 0.69 0.44 0.29 0.32

Avision 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 0.27 0.35 0.32 0.37 0.34

TPE:2380 vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, Avision'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.


Avision Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:2380
56GF Score
Avision Inc TPE:2380
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Avision 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.

Avision's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.10/57.27
=0.30

* 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.

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

For example, Avision'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)
=14.588/333.9520*333.9520
=14.588

Current CPI (Jun. 2026) = 333.9520.

Avision Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 13.142 241.428 18.178
201612 12.748 241.432 17.633
201703 9.881 243.801 13.535
201706 8.775 244.955 11.963
201709 12.751 246.819 17.252
201712 13.019 246.524 17.636
201803 12.258 249.554 16.404
201806 13.600 251.989 18.024
201809 10.878 252.439 14.391
201812 12.826 251.233 17.049
201903 8.854 254.202 11.632
201906 10.144 256.143 13.225
201909 8.439 256.759 10.976
201912 8.312 256.974 10.802
202003 6.392 258.115 8.270
202006 5.832 257.797 7.555
202009 10.060 260.280 12.907
202012 14.517 260.474 18.612
202103 12.587 264.877 15.869
202106 18.140 271.696 22.297
202109 12.755 274.310 15.528
202112 11.785 278.802 14.116
202203 13.845 287.504 16.082
202206 12.565 296.311 14.161
202209 16.370 296.808 18.419
202212 11.000 296.797 12.377
202303 6.606 301.836 7.309
202306 8.618 305.109 9.433
202309 6.440 307.789 6.987
202312 11.480 306.746 12.498
202403 13.476 312.332 14.409
202406 10.200 314.175 10.842
202409 8.366 315.301 8.861
202412 10.472 315.605 11.081
202503 10.198 319.799 10.649
202506 12.096 322.561 12.523
202509 13.087 324.800 13.456
202512 13.251 324.054 13.656
202603 41.069 330.213 41.534
202606 14.588 333.952 14.588

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 0.30 mean?
Avision (TPE:2380) has a Cyclically Adjusted PS Ratio of 0.30 as of Sep. 11, 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 Avision and its competitors. This is 29% below median its historical median of 0.42. Over the past decade, Avision's Cyclically Adjusted PS Ratio has ranged from 0.18 to 1.00. According to the industry distribution chart, Avision ranks #319 out of 1963 companies in the Hardware industry, placing it in the top 16.3%.
Is Avision's Cyclically Adjusted PS Ratio too high?
Avision's current Cyclically Adjusted PS Ratio of 0.30 is 29% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 1.00. The Hardware industry median Cyclically Adjusted PS Ratio is 1.40. Avision's value of 0.30 is 78.6% below this industry median. Based on the distribution chart, Avision ranks #319 out of 1963 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Avision has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Avision's Cyclically Adjusted PS Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, Avision ranks #319 out of 1963 companies for Cyclically Adjusted PS Ratio. This places Avision in the top 16% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.40. Avision's value of 0.30 is 78.6% below this benchmark. Historically, Avision's own Cyclically Adjusted PS Ratio has ranged from 0.18 to 1.00 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 1.40, Avision 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 1.40, based on 1,963 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. Avision's current Cyclically Adjusted PS Ratio of 0.30 is 78.6% 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 Avision and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avision's current Cyclically Adjusted PS Ratio is 0.30, which is 29% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avision stock overvalued right now?
Based on GuruFocus' analysis, Avision (TPE:2380) is currently considered Possible Value Trap. The stock's GF Value™ is NT$36.91, compared to a current price of NT$17.10 — trading 53.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.30, which is 29% below median its 10-year median of 0.42 and 78.6% below the Hardware industry median of 1.40. Avision's overall GF Score™ is 56/100 with 6 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 Avision (TPE:2380), the current Cyclically Adjusted PS Ratio is 0.30 as of Sep. 11, 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 Avision (TPE:2380) Overvalued in 2026?

Based on GuruFocus' analysis, Avision stock appears to be undervalued. The current stock price of NT$17.10 is trading 53.7% below its estimated GF Value™ of NT$36.91. GuruFocus considers Avision to be Possible Value Trap.

Key valuation signals for TPE:2380:

  • Cyclically Adjusted PS Ratio: 0.30 (29% below median its 10-year median of 0.42)
  • GF Value™: NT$36.91 vs. price of NT$17.10 (53.7% below fair value)
  • GF Score™: 56/100 with 6 warning signs
  • Industry Position: 78.6% below the Hardware median (#319 of 1963)

No single metric tells the full story. See the TPE:2380 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Avision Business Description

Address No.20, Yanxin 1st Road, Science-Based Industrial Park, Hsinchu, TWN, 300
Avision Inc is a Taiwan-based company engaged in the development and manufacturing of digital office equipment that includes multi-function peripherals, document scanners and network peripherals. The product portfolio comprises document scanners, multifunction peripherals, network scanners, portable scanners, and others. The company generates the majority of its revenue from China followed by Taiwan, USA, and others.
56GF Score

Get the complete analysis for TPE:2380

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

NT$17.10
Price
NT$36.91
GF Value