IEI Integration (TPE:3022) Cyclically Adjusted PS Ratio: 2.09 (As of Jul. 27, 2026) — 37% 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:3022 IEI Integration Corp TPE:3022
81 GF Score
Price NT$91.70
GF Value NT$76.20
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is IEI Integration Cyclically Adjusted PS Ratio?

IEI Integration TPE:3022 -2.45% 81 Cyclically Adjusted PS Ratio is 2.09 as of Jul. 27, 2026, which is 37% above its 10-year median of 1.53. GuruFocus rates TPE:3022 with a GF Score™ of 81/100 and a GF Value™ of NT$76.20 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,974 Hardware companies, IEI Integration ranks worse than 62.11% on this metric.

As of today (2026-07-27), IEI Integration's current share price is NT$91.70. IEI Integration's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$43.83. IEI Integration's Cyclically Adjusted PS Ratio for today is 2.09.

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

TPE:3022' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.79   Med: 1.53   Max: 2.48
Current: 2.14

During the past years, IEI Integration's highest Cyclically Adjusted PS Ratio was 2.48. The lowest was 0.79. And the median was 1.53.

TPE:3022's Cyclically Adjusted PS Ratio is ranked worse than
62.11% of 1974 companies
in the Hardware industry
Industry Median: 1.36 vs TPE:3022: 2.14

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.

IEI Integration's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$8.977. 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$43.83 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


IEI Integration  (TPE:3022) 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.


IEI Integration Cyclically Adjusted PS Ratio Related Terms


IEI Integration Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for IEI Integration'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.

IEI Integration Cyclically Adjusted PS Ratio Chart

IEI Integration 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 1.22 1.71 1.94 1.80 1.49

IEI Integration 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 2.03 1.78 1.51 1.49 1.38

TPE:3022 vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, IEI Integration'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.


IEI Integration Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:3022
81GF Score
IEI Integration Corp TPE:3022
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IEI Integration 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.

IEI Integration's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=91.70/43.83
=2.09

* 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.

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

For example, IEI Integration'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)
=8.977/330.2130*330.2130
=8.977

Current CPI (Mar. 2026) = 330.2130.

IEI Integration Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.599 241.018 11.781
201609 10.540 241.428 14.416
201612 14.137 241.432 19.336
201703 12.345 243.801 16.721
201706 9.080 244.955 12.240
201709 8.007 246.819 10.712
201712 7.575 246.524 10.147
201803 6.630 249.554 8.773
201806 7.534 251.989 9.873
201809 8.841 252.439 11.565
201812 6.082 251.233 7.994
201903 4.998 254.202 6.492
201906 7.914 256.143 10.203
201909 8.159 256.759 10.493
201912 7.143 256.974 9.179
202003 5.642 258.115 7.218
202006 9.198 257.797 11.782
202009 8.618 260.280 10.934
202012 9.894 260.474 12.543
202103 8.016 264.877 9.993
202106 9.114 271.696 11.077
202109 8.837 274.310 10.638
202112 9.149 278.802 10.836
202203 8.811 287.504 10.120
202206 9.276 296.311 10.337
202209 14.264 296.808 15.869
202212 12.396 296.797 13.792
202303 12.120 301.836 13.259
202306 10.825 305.109 11.716
202309 10.475 307.789 11.238
202312 9.349 306.746 10.064
202403 9.590 312.332 10.139
202406 9.173 314.175 9.641
202409 10.530 315.301 11.028
202412 9.157 315.605 9.581
202503 10.017 319.799 10.343
202506 9.415 322.561 9.638
202509 8.580 324.800 8.723
202512 8.727 324.054 8.893
202603 8.977 330.213 8.977

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 2.09 mean?
IEI Integration (TPE:3022) has a Cyclically Adjusted PS Ratio of 2.09 as of Jul. 27, 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 IEI Integration and its competitors. This is 37% above median its historical median of 1.53. Over the past decade, IEI Integration's Cyclically Adjusted PS Ratio has ranged from 0.79 to 2.48. According to the industry distribution chart, IEI Integration ranks #1226 out of 1974 companies in the Hardware industry, placing it in the top 62.1%.
Is IEI Integration's Cyclically Adjusted PS Ratio too high?
IEI Integration's current Cyclically Adjusted PS Ratio of 2.09 is 37% above median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 2.48. The Hardware industry median Cyclically Adjusted PS Ratio is 1.36. IEI Integration's value of 2.09 is 53.7% above this industry median. Based on the distribution chart, IEI Integration ranks #1226 out of 1974 companies in the Hardware industry, which is below the industry midpoint. Overall, IEI Integration has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IEI Integration's Cyclically Adjusted PS Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, IEI Integration ranks #1226 out of 1974 companies for Cyclically Adjusted PS Ratio. This places IEI Integration in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.36. IEI Integration's value of 2.09 is 53.7% above this benchmark. Historically, IEI Integration's own Cyclically Adjusted PS Ratio has ranged from 0.79 to 2.48 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 1.36, IEI Integration 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 1.36, 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. IEI Integration's current Cyclically Adjusted PS Ratio of 2.09 is 53.7% 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 IEI Integration and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IEI Integration's current Cyclically Adjusted PS Ratio is 2.09, which is 37% above median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IEI Integration stock overvalued right now?
Based on GuruFocus' analysis, IEI Integration (TPE:3022) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$76.20, compared to a current price of NT$91.70 — trading 20.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.09, which is 37% above median its 10-year median of 1.53 and 53.7% above the Hardware industry median of 1.36. IEI Integration's overall GF Score™ is 81/100 with 9 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 IEI Integration (TPE:3022), the current Cyclically Adjusted PS Ratio is 2.09 as of Jul. 27, 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 IEI Integration (TPE:3022) Overvalued in 2026?

Based on GuruFocus' analysis, IEI Integration stock appears to be overvalued. The current stock price of NT$91.70 is trading 20.3% above its estimated GF Value™ of NT$76.20. GuruFocus considers IEI Integration to be Modestly Overvalued.

Key valuation signals for TPE:3022:

  • Cyclically Adjusted PS Ratio: 2.09 (37% above median its 10-year median of 1.53)
  • GF Value™: NT$76.20 vs. price of NT$91.70 (20.3% above fair value)
  • GF Score™: 81/100 with 9 warning signs
  • Industry Position: 53.7% above the Hardware median (#1226 of 1974)

No single metric tells the full story. See the TPE:3022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IEI Integration Business Description

Address No. 29, Zhongxing Road, Xizhi District, New Taipei City, TWN, 221
IEI Integration Corp is engaged in the manufacturing and sales of computers, computer components and peripherals, and related trading. The company has three reportable segments: Order-taking, Design and Brand Sales; Product Manufacturing; and China Brand Sales, which offer different products and services. The Order-taking, Design and Brand Sales segment customizes product designs according to different customer needs, and operates brand channels for industrial computer products. The Product Manufacturing segment is engaged in OEM and branded product manufacturing. The China Brand Sales segment is responsible for brand marketing channels in Mainland China. The majority of revenue is derived from the Order-taking, Design, and Brand Sales segment.
81GF Score

Get the complete analysis for TPE:3022

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

NT$91.70
Price
NT$76.20
GF Value