Leadtek Research (TPE:2465) Cyclically Adjusted PS Ratio: (As of Jul. 29, 2026)

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.
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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:2465 Leadtek Research Inc TPE:2465
62 GF Score
Price NT$72.60
GF Value NT$55.28
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Leadtek Research Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Leadtek Research  (TPE:2465) 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.


Leadtek Research Cyclically Adjusted PS Ratio Related Terms


Leadtek Research Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Leadtek Research'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.

Leadtek Research Cyclically Adjusted PS Ratio Chart

Leadtek Research 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 1.09 0.51 0.81 0.92 0.72

Leadtek Research 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 0.66 0.73 0.65 0.72 0.00

TPE:2465 vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, Leadtek Research'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.


Leadtek Research Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:2465
62GF Score
Leadtek Research Inc TPE:2465
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Leadtek Research 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.

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

For example, Leadtek Research'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)
=16.741/330.2130*330.2130
=16.741

Current CPI (Mar. 2026) = 330.2130.

Leadtek Research Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 11.816 241.018 16.189
201609 11.400 241.428 15.592
201612 12.008 241.432 16.424
201703 10.699 243.801 14.491
201706 11.950 244.955 16.109
201709 13.555 246.819 18.135
201712 12.982 246.524 17.389
201803 11.061 249.554 14.636
201806 15.321 251.989 20.077
201809 13.074 252.439 17.102
201812 15.182 251.233 19.955
201903 13.461 254.202 17.486
201906 14.138 256.143 18.226
201909 15.804 256.759 20.325
201912 16.662 256.974 21.411
202003 12.717 258.115 16.269
202006 17.508 257.797 22.426
202009 18.785 260.280 23.832
202012 25.098 260.474 31.818
202103 26.894 264.877 33.528
202106 46.892 271.696 56.991
202109 36.498 274.310 43.936
202112 34.381 278.802 40.721
202203 24.789 287.504 28.471
202206 18.022 296.311 20.084
202209 26.592 296.808 29.585
202212 17.784 296.797 19.786
202303 12.699 301.836 13.893
202306 13.370 305.109 14.470
202309 15.822 307.789 16.975
202312 22.020 306.746 23.705
202403 10.826 312.332 11.446
202406 8.258 314.175 8.680
202409 11.449 315.301 11.990
202412 20.712 315.605 21.671
202503 9.589 319.799 9.901
202506 8.612 322.561 8.816
202509 22.400 324.800 22.773
202512 11.486 324.054 11.704
202603 16.741 330.213 16.741

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 Leadtek Research (TPE:2465) Overvalued in 2026?

Based on GuruFocus' analysis, Leadtek Research stock appears to be overvalued. The current stock price of NT$72.60 is trading 31.3% above its estimated GF Value™ of NT$55.28. GuruFocus considers Leadtek Research to be Significantly Overvalued.

Key valuation signals for TPE:2465:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$55.28 vs. price of NT$72.60 (31.3% above fair value)
  • GF Score™: 62/100 with 4 warning signs

No single metric tells the full story. See the TPE:2465 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Leadtek Research Business Description

Address No. 166, Jian 1st Road, 18th Floor, Zhonghe District, New Taipei City, TWN
Leadtek Research Inc is the design, manufacturing, and trading of communication devices, computers, communications, telecommunications, and peripheral equipment. Company has two reportable segments: the computer product department and the smart healthcare department. The products offered by the company include computer entertainment graphics cards, AI Inference devices, AI cloud supercomputing workstations, GPU-based AI workstations, servers, and professional graphics cards (WinFast/RTX). The company has expanded beyond computer hardware into smart medical healthcare, offering AI-driven diagnostic devices, wearable ECG monitors, and health management platforms and others. Geographically, company's regional market includes Mainland China, Taiwan, USA, Hong Kong, Korea and other countries.
62GF Score

Get the complete analysis for TPE:2465

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

NT$72.60
Price
NT$55.28
GF Value