Chicony Electronics Co (TPE:2385) Cyclically Adjusted PS Ratio: 0.65 (As of Jul. 20, 2026) — Near 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:2385 Chicony Electronics Co Ltd TPE:2385
84 GF Score
Price NT$102.50
GF Value NT$141.56
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Chicony Electronics Co Cyclically Adjusted PS Ratio?

Chicony Electronics Co TPE:2385 -2.84% 84 Cyclically Adjusted PS Ratio is 0.65 as of Jul. 20, 2026, which is 8% below its 10-year median of 0.71. GuruFocus rates TPE:2385 with a GF Score™ of 84/100 and a GF Value™ of NT$141.56 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,976 Hardware companies, Chicony Electronics Co ranks better than 68.17% on this metric.

As of today (2026-07-20), Chicony Electronics Co's current share price is NT$102.50. Chicony Electronics Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$156.67. Chicony Electronics Co's Cyclically Adjusted PS Ratio for today is 0.65.

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

TPE:2385' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.5   Med: 0.71   Max: 1.57
Current: 0.65

During the past years, Chicony Electronics Co's highest Cyclically Adjusted PS Ratio was 1.57. The lowest was 0.50. And the median was 0.71.

TPE:2385's Cyclically Adjusted PS Ratio is ranked better than
68.17% of 1976 companies
in the Hardware industry
Industry Median: 1.37 vs TPE:2385: 0.65

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.

Chicony Electronics Co's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$31.082. 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$156.67 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chicony Electronics Co  (TPE:2385) 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.


Chicony Electronics Co Cyclically Adjusted PS Ratio Related Terms


Chicony Electronics Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Chicony Electronics Co'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.

Chicony Electronics Co Cyclically Adjusted PS Ratio Chart

Chicony Electronics Co 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 0.60 0.58 1.14 0.98 0.75

Chicony Electronics Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.98 1.07 0.82 0.87 0.75

TPE:2385 vs SNDK, DELL, STX: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, Chicony Electronics Co'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.


Chicony Electronics Co Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:2385
84GF Score
Chicony Electronics Co Ltd TPE:2385
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chicony Electronics Co 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.

Chicony Electronics Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=102.50/156.67
=0.65

* 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.

Chicony Electronics Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Chicony Electronics Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=31.082/324.0540*324.0540
=31.082

Current CPI (Dec. 2025) = 324.0540.

Chicony Electronics Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 24.379 238.132 33.175
201606 26.567 241.018 35.720
201609 30.527 241.428 40.975
201612 30.368 241.432 40.760
201703 24.726 243.801 32.865
201706 27.150 244.955 35.917
201709 31.198 246.819 40.961
201712 30.045 246.524 39.494
201803 25.422 249.554 33.011
201806 30.552 251.989 39.289
201809 35.861 252.439 46.034
201812 33.417 251.233 43.103
201903 27.623 254.202 35.214
201906 32.435 256.143 41.034
201909 37.509 256.759 47.340
201912 34.633 256.974 43.674
202003 25.794 258.115 32.383
202006 35.508 257.797 44.634
202009 37.261 260.280 46.391
202012 35.382 260.474 44.019
202103 35.391 264.877 43.298
202106 35.371 271.696 42.187
202109 38.210 274.310 45.139
202112 40.826 278.802 47.452
202203 40.215 287.504 45.327
202206 39.828 296.311 43.557
202209 42.699 296.808 46.619
202212 37.489 296.797 40.932
202303 31.343 301.836 33.650
202306 35.016 305.109 37.190
202309 35.411 307.789 37.282
202312 33.577 306.746 35.472
202403 31.141 312.332 32.310
202406 33.755 314.175 34.816
202409 37.817 315.301 38.867
202412 35.222 315.605 36.165
202503 31.674 319.799 32.095
202506 33.451 322.561 33.606
202509 33.782 324.800 33.704
202512 31.082 324.054 31.082

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 0.65 mean?
Chicony Electronics Co (TPE:2385) has a Cyclically Adjusted PS Ratio of 0.65 as of Jul. 20, 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 Chicony Electronics Co and its competitors. This is near median its historical median of 0.71. Over the past decade, Chicony Electronics Co's Cyclically Adjusted PS Ratio has ranged from 0.50 to 1.57. According to the industry distribution chart, Chicony Electronics Co ranks #629 out of 1976 companies in the Hardware industry, placing it in the top 31.8%.
Is Chicony Electronics Co's Cyclically Adjusted PS Ratio too high?
Chicony Electronics Co's current Cyclically Adjusted PS Ratio of 0.65 is near median its 10-year median of 0.71. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.57. The Hardware industry median Cyclically Adjusted PS Ratio is 1.37. Chicony Electronics Co's value of 0.65 is 52.6% below this industry median. Based on the distribution chart, Chicony Electronics Co ranks #629 out of 1976 companies in the Hardware industry, which is above the industry midpoint. Overall, Chicony Electronics Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chicony Electronics Co's Cyclically Adjusted PS Ratio compare to SNDK and DELL?
According to the Hardware industry distribution chart, Chicony Electronics Co ranks #629 out of 1976 companies for Cyclically Adjusted PS Ratio. This puts Chicony Electronics Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.37. Chicony Electronics Co's value of 0.65 is 52.6% below this benchmark. Historically, Chicony Electronics Co's own Cyclically Adjusted PS Ratio has ranged from 0.50 to 1.57 over the past decade. While the company's 10-year median is 0.71 vs. the industry median of 1.37, Chicony Electronics Co 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 1.37, based on 1,976 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. Chicony Electronics Co's current Cyclically Adjusted PS Ratio of 0.65 is 52.6% 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 Chicony Electronics Co and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chicony Electronics Co's current Cyclically Adjusted PS Ratio is 0.65, which is near median its own 10-year median of 0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chicony Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Chicony Electronics Co (TPE:2385) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$141.56, compared to a current price of NT$102.50 — trading 27.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.65, which is near median its 10-year median of 0.71 and 52.6% below the Hardware industry median of 1.37. Chicony Electronics Co's overall GF Score™ is 84/100 with 5 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 Chicony Electronics Co (TPE:2385), the current Cyclically Adjusted PS Ratio is 0.65 as of Jul. 20, 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 Chicony Electronics Co (TPE:2385) Overvalued in 2026?

Based on GuruFocus' analysis, Chicony Electronics Co stock appears to be undervalued. The current stock price of NT$102.50 is trading 27.6% below its estimated GF Value™ of NT$141.56. GuruFocus considers Chicony Electronics Co to be Modestly Undervalued.

Key valuation signals for TPE:2385:

  • Cyclically Adjusted PS Ratio: 0.65 (near median its 10-year median of 0.71)
  • GF Value™: NT$141.56 vs. price of NT$102.50 (27.6% below fair value)
  • GF Score™: 84/100 with 5 warning signs
  • Industry Position: 52.6% below the Hardware median (#629 of 1976)

No single metric tells the full story. See the TPE:2385 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chicony Electronics Co Business Description

Address Guangfu Road, No. 69, Section 2, Sanchong District, New Taipei, TWN, 24158
Chicony Electronics Co Ltd is engaged in the manufacturing and sales of keyboards and other computer peripheral components. The company has manufacturing bases in Suzhou, Dongguan, and Chongqing in China and in the Czech Republic. The company also has branches in the United States and Japan. Its business centers around the manufacture of computer peripheral products and video-image products. The company's inventories are keyboards, mouses, switching power supplies, lens modules, and other computer information-related peripherals and components. Geographically, it generates the majority of its revenue from Taiwan.
84GF Score

Get the complete analysis for TPE:2385

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

NT$102.50
Price
NT$141.56
GF Value