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Emerging Display TechnologiesTPE:3038 -1.95%76 Cyclically Adjusted PS Ratio is 0.72 as of Jul. 29, 2026, which is 18% below its 10-year median of 0.88. GuruFocus rates TPE:3038 with a GF Score™ of 76/100 and a GF Value™ of NT$18.87 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,975 Hardware companies, Emerging Display Technologies ranks better than 65.01% on this metric.
The historical rank and industry rank for Emerging Display Technologies's Cyclically Adjusted PS Ratio or its related term are showing as below:
TPE:3038'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.63 Med: 0.88 Max: 1.59
Current: 0.74
During the past years, Emerging Display Technologies's highest Cyclically Adjusted PS Ratio was 1.59. The lowest was 0.63. And the median was 0.88.
TPE:3038's Cyclically Adjusted PS Ratio is ranked better than 65.01% of 1975
companies
in the Hardware industry
Industry Median: 1.36
vs TPE:3038: 0.74
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.
Emerging Display Technologies's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$4.554. 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$28.09 for the trailing ten years ended in Dec. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Emerging Display Technologies (TPE:3038) 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.
Emerging Display Technologies Cyclically Adjusted PS Ratio Related Terms
Emerging Display Technologies Cyclically Adjusted PS Ratio Historical Data
* 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.
Emerging Display Technologies Cyclically Adjusted PS Ratio Chart
TPE:3038 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison
For the Electronic Components subindustry, Emerging Display 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.
Emerging Display Technologies Cyclically Adjusted PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Emerging Display Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Emerging Display Technologies's Cyclically Adjusted PS Ratio falls into.
Emerging Display 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.
* 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.
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 0.72 mean?
Emerging Display Technologies (TPE:3038) has a Cyclically Adjusted PS Ratio of 0.72 as of Jul. 29, 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 Emerging Display Technologies and its competitors. This is 18% below median its historical median of 0.88. Over the past decade, Emerging Display Technologies' Cyclically Adjusted PS Ratio has ranged from 0.63 to 1.59. According to the industry distribution chart, Emerging Display Technologies ranks #691 out of 1975 companies in the Hardware industry, placing it in the top 35%.
Is Emerging Display Technologies' Cyclically Adjusted PS Ratio too high?
Emerging Display Technologies' current Cyclically Adjusted PS Ratio of 0.72 is 18% below median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 1.59. The Hardware industry median Cyclically Adjusted PS Ratio is 1.36. Emerging Display Technologies' value of 0.72 is 47.1% below this industry median. Based on the distribution chart, Emerging Display Technologies ranks #691 out of 1975 companies in the Hardware industry, which is above the industry midpoint. Overall, Emerging Display Technologies has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Emerging Display Technologies' Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Emerging Display Technologies ranks #691 out of 1975 companies for Cyclically Adjusted PS Ratio. This puts Emerging Display Technologies in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.36. Emerging Display Technologies' value of 0.72 is 47.1% below this benchmark. Historically, Emerging Display Technologies' own Cyclically Adjusted PS Ratio has ranged from 0.63 to 1.59 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 1.36, Emerging Display Technologies 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 1.36, based on 1,975 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. Emerging Display Technologies's current Cyclically Adjusted PS Ratio of 0.72 is 47.1% 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 Emerging Display Technologies 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. Emerging Display Technologies's current Cyclically Adjusted PS Ratio is 0.72, which is 18% below median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emerging Display Technologies stock overvalued right now?
Based on GuruFocus' analysis, Emerging Display Technologies (TPE:3038) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.87, compared to a current price of NT$20.15 — trading 6.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.72, which is 18% below median its 10-year median of 0.88 and 47.1% below the Hardware industry median of 1.36. Emerging Display Technologies' overall GF Score™ is 76/100 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 Emerging Display Technologies (TPE:3038), the current Cyclically Adjusted PS Ratio is 0.72 as of Jul. 29, 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 Emerging Display Technologies (TPE:3038) Overvalued in 2026?
Based on GuruFocus' analysis, Emerging Display Technologies stock appears to be overvalued.
The current stock price of NT$20.15 is trading 6.8% above its estimated GF Value™ of NT$18.87.
GuruFocus considers Emerging Display Technologies to be Fairly Valued.
Key valuation signals for TPE:3038:
Cyclically Adjusted PS Ratio: 0.72 (18% below median its 10-year median of 0.88)
GF Value™: NT$18.87 vs. price of NT$20.15 (6.8% above fair value)
Industry Position: 47.1% below the Hardware median (#691 of 1975)
No single metric tells the full story. See the TPE:3038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Emerging Display Technologies Business Description
Emerging Display Technologies Corp is engaged in manufacturing and selling Capacity Touch Panels and Liquid Crystal Displays (LCDs). Its operating segments include the Domestic segment, the North America segment, and the Mainland China segment. The Domestic segment engages in designing, manufacturing, and selling liquid crystal display modules and capacitive touch panels. The North America segment mainly expands the North American trading business and deals with the sale of liquid crystal displays provided by the domestic segment. The Mainland China segment engages in the manufacture of processing raw materials and supplies provided by the domestic segment. Geographically, the company derives key revenue from Europe and the rest from America, and other regions.
76GF Score
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