Ichia Technologies (TPE:2402) Cyclically Adjusted PS Ratio: 1.76 (As of Aug. 03, 2026) — 155% Above Median

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TPE:2402 Ichia Technologies Inc TPE:2402
78 GF Score
Price NT$51.80
GF Value NT$49.06
Valuation Fairly Valued
! 5 Warning Signs
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What is Ichia Technologies Cyclically Adjusted PS Ratio?

Ichia Technologies TPE:2402 +7.02% 78 Cyclically Adjusted PS Ratio is 1.76 as of Aug. 03, 2026, which is 155% above its 10-year median of 0.69. GuruFocus rates TPE:2402 with a GF Score™ of 78/100 and a GF Value™ of NT$49.06 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,974 Hardware companies, Ichia Technologies ranks worse than 57.8% on this metric.

As of today (2026-08-03), Ichia Technologies's current share price is NT$51.80. Ichia Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$29.48. Ichia Technologies's Cyclically Adjusted PS Ratio for today is 1.76.

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

TPE:2402' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.36   Med: 0.69   Max: 2.64
Current: 1.76

During the past years, Ichia Technologies's highest Cyclically Adjusted PS Ratio was 2.64. The lowest was 0.36. And the median was 0.69.

TPE:2402's Cyclically Adjusted PS Ratio is ranked worse than
57.8% of 1974 companies
in the Hardware industry
Industry Median: 1.34 vs TPE:2402: 1.76

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.

Ichia Technologies's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$9.133. 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$29.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ichia Technologies  (TPE:2402) 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.


Ichia Technologies Cyclically Adjusted PS Ratio Related Terms


Ichia Technologies Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ichia Technologies'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.

Ichia Technologies Cyclically Adjusted PS Ratio Chart

Ichia Technologies 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 0.63 0.65 1.28 1.40 2.20

Ichia Technologies 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 1.29 1.43 1.81 2.20 1.67

TPE:2402 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Ichia Technologies'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.


Ichia Technologies Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:2402
78GF Score
Ichia Technologies Inc TPE:2402
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichia Technologies 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.

Ichia Technologies's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=51.80/29.48
=1.76

* 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.

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

For example, Ichia Technologies'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)
=9.133/330.2130*330.2130
=9.133

Current CPI (Mar. 2026) = 330.2130.

Ichia Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.709 241.018 6.452
201609 5.193 241.428 7.103
201612 5.321 241.432 7.278
201703 4.799 243.801 6.500
201706 5.622 244.955 7.579
201709 6.667 246.819 8.920
201712 6.292 246.524 8.428
201803 5.187 249.554 6.864
201806 5.903 251.989 7.735
201809 6.239 252.439 8.161
201812 6.120 251.233 8.044
201903 4.592 254.202 5.965
201906 5.195 256.143 6.697
201909 5.427 256.759 6.980
201912 4.829 256.974 6.205
202003 3.661 258.115 4.684
202006 3.364 257.797 4.309
202009 5.035 260.280 6.388
202012 5.927 260.474 7.514
202103 5.407 264.877 6.741
202106 5.678 271.696 6.901
202109 5.386 274.310 6.484
202112 5.412 278.802 6.410
202203 5.878 287.504 6.751
202206 5.696 296.311 6.348
202209 7.038 296.808 7.830
202212 7.170 296.797 7.977
202303 6.451 301.836 7.057
202306 6.961 305.109 7.534
202309 7.829 307.789 8.399
202312 7.296 306.746 7.854
202403 6.654 312.332 7.035
202406 7.918 314.175 8.322
202409 8.667 315.301 9.077
202412 8.271 315.605 8.654
202503 8.026 319.799 8.287
202506 9.212 322.561 9.431
202509 9.372 324.800 9.528
202512 7.134 324.054 7.270
202603 9.133 330.213 9.133

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 1.76 mean?
Ichia Technologies (TPE:2402) has a Cyclically Adjusted PS Ratio of 1.76 as of Aug. 03, 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 Ichia Technologies and its competitors. This is 155% above median its historical median of 0.69. Over the past decade, Ichia Technologies' Cyclically Adjusted PS Ratio has ranged from 0.36 to 2.64. According to the industry distribution chart, Ichia Technologies ranks #1141 out of 1974 companies in the Hardware industry, placing it in the top 57.8%.
Is Ichia Technologies' Cyclically Adjusted PS Ratio too high?
Ichia Technologies' current Cyclically Adjusted PS Ratio of 1.76 is 155% above median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.64. The Hardware industry median Cyclically Adjusted PS Ratio is 1.34. Ichia Technologies' value of 1.76 is 31.3% above this industry median. Based on the distribution chart, Ichia Technologies ranks #1141 out of 1974 companies in the Hardware industry, which is below the industry midpoint. Overall, Ichia Technologies has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ichia Technologies' Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Ichia Technologies ranks #1141 out of 1974 companies for Cyclically Adjusted PS Ratio. This places Ichia Technologies in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Ichia Technologies' value of 1.76 is 31.3% above this benchmark. Historically, Ichia Technologies' own Cyclically Adjusted PS Ratio has ranged from 0.36 to 2.64 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.34, Ichia Technologies has consistently been above 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 1.34, based on 1,974 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. Ichia Technologies's current Cyclically Adjusted PS Ratio of 1.76 is 31.3% above 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 Ichia Technologies and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichia Technologies's current Cyclically Adjusted PS Ratio is 1.76, which is 155% above median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichia Technologies stock overvalued right now?
Based on GuruFocus' analysis, Ichia Technologies (TPE:2402) is currently considered Fairly Valued. The stock's GF Value™ is NT$49.06, compared to a current price of NT$51.80 — trading 5.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.76, which is 155% above median its 10-year median of 0.69 and 31.3% above the Hardware industry median of 1.34. Ichia Technologies' overall GF Score™ is 78/100 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 Ichia Technologies (TPE:2402), the current Cyclically Adjusted PS Ratio is 1.76 as of Aug. 03, 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 Ichia Technologies (TPE:2402) Overvalued in 2026?

Based on GuruFocus' analysis, Ichia Technologies stock appears to be overvalued. The current stock price of NT$51.80 is trading 5.6% above its estimated GF Value™ of NT$49.06. GuruFocus considers Ichia Technologies to be Fairly Valued.

Key valuation signals for TPE:2402:

  • Cyclically Adjusted PS Ratio: 1.76 (155% above median its 10-year median of 0.69)
  • GF Value™: NT$49.06 vs. price of NT$51.80 (5.6% above fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 31.3% above the Hardware median (#1141 of 1974)

No single metric tells the full story. See the TPE:2402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichia Technologies Business Description

Address No. 268, Huaya 2nd Road, Hwa-Ya Technology Park, Guishan District, Taoyuan, TWN
Ichia Technologies Inc manufactures, processes, and trades various components (conductive silicone elastomers, plastic keys, keyboard assemblies, input devices, and flexible printed circuit boards) and materials for electronics, home appliances, electronical engineering, electrical equipment, communications (telecommunications),and computers, as well as to import and export domestic and foreign products and to engage in the agency, distribution, tender and quotation business. Its products and services include Flexible Printed Circuit, Printed Circuit Board, SLP (Substrate-like PCB), Switch Modules, Integrated Modules, Optical & Display Design, Decorative Technologies, Smart Surface Interfaces, Robotics & Automation, Wearables, Air Cooling, and Liquid Cooling.
78GF Score

Get the complete analysis for TPE:2402

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

NT$51.80
Price
NT$49.06
GF Value