Winmate (TPE:3416) Cyclically Adjusted PS Ratio: 4.88 (As of Jul. 29, 2026) — 58% 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:3416 Winmate Inc TPE:3416
96 GF Score
Price NT$169.50
GF Value NT$187.01
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Winmate Cyclically Adjusted PS Ratio?

Winmate TPE:3416 -2.02% 96 Cyclically Adjusted PS Ratio is 4.88 as of Jul. 29, 2026, which is 58% above its 10-year median of 3.08. GuruFocus rates TPE:3416 with a GF Score™ of 96/100 and a GF Value™ of NT$187.01 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,975 Hardware companies, Winmate ranks worse than 82.43% on this metric.

As of today (2026-07-29), Winmate's current share price is NT$169.50. Winmate's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$34.75. Winmate's Cyclically Adjusted PS Ratio for today is 4.88.

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

TPE:3416' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.93   Med: 3.08   Max: 5.98
Current: 4.88

During the past years, Winmate's highest Cyclically Adjusted PS Ratio was 5.98. The lowest was 1.93. And the median was 3.08.

TPE:3416's Cyclically Adjusted PS Ratio is ranked worse than
82.43% of 1975 companies
in the Hardware industry
Industry Median: 1.36 vs TPE:3416: 4.88

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.

Winmate's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$11.186. 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$34.75 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Winmate  (TPE:3416) 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.


Winmate Cyclically Adjusted PS Ratio Related Terms


Winmate Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Winmate'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.

Winmate Cyclically Adjusted PS Ratio Chart

Winmate 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 2.81 2.75 3.95 5.02 4.43

Winmate 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 4.46 4.07 5.30 4.43 4.12

TPE:3416 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Winmate'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.


Winmate Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:3416
96GF Score
Winmate Inc TPE:3416
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Winmate 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.

Winmate's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=169.50/34.75
=4.88

* 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.

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

For example, Winmate'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)
=11.186/330.2130*330.2130
=11.186

Current CPI (Mar. 2026) = 330.2130.

Winmate Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 5.486 241.018 7.516
201609 5.103 241.428 6.980
201612 5.984 241.432 8.184
201703 5.800 243.801 7.856
201706 5.581 244.955 7.523
201709 5.673 246.819 7.590
201712 5.758 246.524 7.713
201803 5.370 249.554 7.106
201806 5.442 251.989 7.131
201809 4.898 252.439 6.407
201812 5.837 251.233 7.672
201903 5.527 254.202 7.180
201906 6.150 256.143 7.928
201909 5.658 256.759 7.277
201912 5.575 256.974 7.164
202003 4.838 258.115 6.189
202006 5.092 257.797 6.522
202009 7.599 260.280 9.641
202012 7.763 260.474 9.841
202103 7.367 264.877 9.184
202106 7.881 271.696 9.578
202109 8.713 274.310 10.489
202112 7.780 278.802 9.215
202203 7.355 287.504 8.448
202206 7.617 296.311 8.488
202209 9.574 296.808 10.652
202212 8.394 296.797 9.339
202303 7.868 301.836 8.608
202306 8.608 305.109 9.316
202309 8.483 307.789 9.101
202312 7.523 306.746 8.099
202403 8.312 312.332 8.788
202406 8.940 314.175 9.396
202409 9.431 315.301 9.877
202412 9.382 315.605 9.816
202503 9.531 319.799 9.841
202506 10.057 322.561 10.296
202509 12.084 324.800 12.285
202512 11.858 324.054 12.083
202603 11.186 330.213 11.186

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 4.88 mean?
Winmate (TPE:3416) has a Cyclically Adjusted PS Ratio of 4.88 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 Winmate and its competitors. This is 58% above median its historical median of 3.08. Over the past decade, Winmate's Cyclically Adjusted PS Ratio has ranged from 1.93 to 5.98. According to the industry distribution chart, Winmate ranks #1628 out of 1975 companies in the Hardware industry, placing it in the top 82.4%.
Is Winmate's Cyclically Adjusted PS Ratio too high?
Winmate's current Cyclically Adjusted PS Ratio of 4.88 is 58% above median its 10-year median of 3.08. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 5.98. The Hardware industry median Cyclically Adjusted PS Ratio is 1.36. Winmate's value of 4.88 is 258.8% above this industry median. Based on the distribution chart, Winmate ranks #1628 out of 1975 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Winmate has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Winmate's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Winmate ranks #1628 out of 1975 companies for Cyclically Adjusted PS Ratio. This places Winmate in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.36. Winmate's value of 4.88 is 258.8% above this benchmark. Historically, Winmate's own Cyclically Adjusted PS Ratio has ranged from 1.93 to 5.98 over the past decade. While the company's 10-year median is 3.08 vs. the industry median of 1.36, Winmate 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 1,975 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. Winmate's current Cyclically Adjusted PS Ratio of 4.88 is 258.8% 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 Winmate 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. Winmate's current Cyclically Adjusted PS Ratio is 4.88, which is 58% above median its own 10-year median of 3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winmate stock overvalued right now?
Based on GuruFocus' analysis, Winmate (TPE:3416) is currently considered Fairly Valued. The stock's GF Value™ is NT$187.01, compared to a current price of NT$169.50 — trading 9.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.88, which is 58% above median its 10-year median of 3.08 and 258.8% above the Hardware industry median of 1.36. Winmate's overall GF Score™ is 96/100 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 Winmate (TPE:3416), the current Cyclically Adjusted PS Ratio is 4.88 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 Winmate (TPE:3416) Overvalued in 2026?

Based on GuruFocus' analysis, Winmate stock appears to be undervalued. The current stock price of NT$169.50 is trading 9.4% below its estimated GF Value™ of NT$187.01. GuruFocus considers Winmate to be Fairly Valued.

Key valuation signals for TPE:3416:

  • Cyclically Adjusted PS Ratio: 4.88 (58% above median its 10-year median of 3.08)
  • GF Value™: NT$187.01 vs. price of NT$169.50 (9.4% below fair value)
  • GF Score™: 96/100 with 5 warning signs
  • Industry Position: 258.8% above the Hardware median (#1628 of 1975)

No single metric tells the full story. See the TPE:3416 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Winmate Business Description

Address No. 18, Zhongxing South Street, Sanchong District, New Taipei City, TWN, 241017
Winmate Inc provides industry display solutions. The company is engaged in the R&D, manufacturing, sales, and import and export of Rugged Displays, Rugged Mobile Computers, Digital Signage equipment modules, and other related products. Geographically, the company generates maximum revenue from Europe, and the rest from Asia, America, and other regions.
96GF Score

Get the complete analysis for TPE:3416

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

NT$169.50
Price
NT$187.01
GF Value