Walsin Technology (TPE:2492) Cyclically Adjusted PS Ratio: 2.68 (As of Jul. 31, 2026) — 47% Above 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:2492 Walsin Technology Corp TPE:2492
68 GF Score
Price NT$218.00
GF Value NT$122.13
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Walsin Technology Cyclically Adjusted PS Ratio?

Walsin Technology TPE:2492 +9.82% 68 Cyclically Adjusted PS Ratio is 2.68 as of Jul. 31, 2026, which is 47% above its 10-year median of 1.82. GuruFocus rates TPE:2492 with a GF Score™ of 68/100 and a GF Value™ of NT$122.13 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,976 Hardware companies, Walsin Technology ranks worse than 74.09% on this metric.

As of today (2026-07-31), Walsin Technology's current share price is NT$218.00. Walsin Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$81.43. Walsin Technology's Cyclically Adjusted PS Ratio for today is 2.68.

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

TPE:2492' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.82   Max: 6.91
Current: 3.36

During the past years, Walsin Technology's highest Cyclically Adjusted PS Ratio was 6.91. The lowest was 0.98. And the median was 1.82.

TPE:2492's Cyclically Adjusted PS Ratio is ranked worse than
74.09% of 1976 companies
in the Hardware industry
Industry Median: 1.34 vs TPE:2492: 3.36

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.

Walsin Technology's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$19.657. 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$81.43 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Walsin Technology  (TPE:2492) 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.


Walsin Technology Cyclically Adjusted PS Ratio Related Terms


Walsin Technology Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Walsin Technology'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.

Walsin Technology Cyclically Adjusted PS Ratio Chart

Walsin Technology 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 3.00 1.26 1.81 1.26 1.48

Walsin Technology 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 1.15 1.06 1.33 1.48 1.44

TPE:2492 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Walsin Technology'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.


Walsin Technology Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:2492
68GF Score
Walsin Technology Corp TPE:2492
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Walsin Technology 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.

Walsin Technology's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=218.00/81.43
=2.68

* 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.

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

For example, Walsin Technology'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)
=19.657/330.2130*330.2130
=19.657

Current CPI (Mar. 2026) = 330.2130.

Walsin Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.826 241.018 12.092
201609 8.876 241.428 12.140
201612 7.496 241.432 10.252
201703 9.001 243.801 12.191
201706 9.961 244.955 13.428
201709 11.496 246.819 15.380
201712 12.297 246.524 16.472
201803 13.714 249.554 18.147
201806 23.513 251.989 30.812
201809 37.173 252.439 48.626
201812 23.802 251.233 31.285
201903 17.079 254.202 22.186
201906 16.230 256.143 20.923
201909 14.904 256.759 19.168
201912 13.830 256.974 17.772
202003 13.148 258.115 16.821
202006 18.079 257.797 23.157
202009 20.715 260.280 26.281
202012 19.944 260.474 25.284
202103 20.726 264.877 25.838
202106 23.130 271.696 28.112
202109 21.653 274.310 26.066
202112 17.761 278.802 21.036
202203 19.167 287.504 22.014
202206 19.821 296.311 22.089
202209 16.648 296.808 18.522
202212 14.801 296.797 16.467
202303 15.423 301.836 16.873
202306 16.411 305.109 17.761
202309 17.299 307.789 18.559
202312 16.624 306.746 17.896
202403 16.045 312.332 16.964
202406 18.140 314.175 19.066
202409 19.313 315.301 20.226
202412 17.182 315.605 17.977
202503 18.005 319.799 18.591
202506 19.563 322.561 20.027
202509 19.401 324.800 19.724
202512 18.059 324.054 18.402
202603 19.657 330.213 19.657

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 2.68 mean?
Walsin Technology (TPE:2492) has a Cyclically Adjusted PS Ratio of 2.68 as of Jul. 31, 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 Walsin Technology and its competitors. This is 47% above median its historical median of 1.82. Over the past decade, Walsin Technology's Cyclically Adjusted PS Ratio has ranged from 0.98 to 6.91. According to the industry distribution chart, Walsin Technology ranks #1464 out of 1976 companies in the Hardware industry, placing it in the top 74.1%.
Is Walsin Technology's Cyclically Adjusted PS Ratio too high?
Walsin Technology's current Cyclically Adjusted PS Ratio of 2.68 is 47% above median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 6.91. The Hardware industry median Cyclically Adjusted PS Ratio is 1.34. Walsin Technology's value of 2.68 is 100% above this industry median. Based on the distribution chart, Walsin Technology ranks #1464 out of 1976 companies in the Hardware industry, which is below the industry midpoint. Overall, Walsin Technology has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Walsin Technology's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Walsin Technology ranks #1464 out of 1976 companies for Cyclically Adjusted PS Ratio. This places Walsin Technology in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.34. Walsin Technology's value of 2.68 is 100% above this benchmark. Historically, Walsin Technology's own Cyclically Adjusted PS Ratio has ranged from 0.98 to 6.91 over the past decade. While the company's 10-year median is 1.82 vs. the industry median of 1.34, Walsin Technology 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 1,976 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. Walsin Technology's current Cyclically Adjusted PS Ratio of 2.68 is 100% 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 Walsin Technology 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. Walsin Technology's current Cyclically Adjusted PS Ratio is 2.68, which is 47% above median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Walsin Technology stock overvalued right now?
Based on GuruFocus' analysis, Walsin Technology (TPE:2492) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$122.13, compared to a current price of NT$218.00 — trading 78.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.68, which is 47% above median its 10-year median of 1.82 and 100% above the Hardware industry median of 1.34. Walsin Technology's overall GF Score™ is 68/100 with 4 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 Walsin Technology (TPE:2492), the current Cyclically Adjusted PS Ratio is 2.68 as of Jul. 31, 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 Walsin Technology (TPE:2492) Overvalued in 2026?

Based on GuruFocus' analysis, Walsin Technology stock appears to be overvalued. The current stock price of NT$218.00 is trading 78.5% above its estimated GF Value™ of NT$122.13. GuruFocus considers Walsin Technology to be Significantly Overvalued.

Key valuation signals for TPE:2492:

  • Cyclically Adjusted PS Ratio: 2.68 (47% above median its 10-year median of 1.82)
  • GF Value™: NT$122.13 vs. price of NT$218.00 (78.5% above fair value)
  • GF Score™: 68/100 with 4 warning signs
  • Industry Position: 100% above the Hardware median (#1464 of 1976)

No single metric tells the full story. See the TPE:2492 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Walsin Technology Business Description

Address No. 566-1, Gaoshi Road, Yangmei District, Taoyuan, TWN, 32668
Walsin Technology Corp was engaged in the design, development and manufacture of semiconductors and LED (light-emitting diode) chips. Its Products includes Capacitors, Resistors, Thin Film Products, Inductors, Safety Components, RF Filters, Antenna, Modules.
68GF Score

Get the complete analysis for TPE:2492

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

NT$218.00
Price
NT$122.13
GF Value