Macnica Anstek (TPE:3528) Cyclically Adjusted PS Ratio: 0.92 (As of Jul. 24, 2026) — 31% Above Median

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TPE:3528 Macnica Anstek Inc TPE:3528
78 GF Score
Price NT$85.10
GF Value NT$88.31
Valuation Fairly Valued
! 7 Warning Signs
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What is Macnica Anstek Cyclically Adjusted PS Ratio?

Macnica Anstek TPE:3528 -0.35% 78 Cyclically Adjusted PS Ratio is 0.92 as of Jul. 24, 2026, which is 31% above its 10-year median of 0.70. GuruFocus rates TPE:3528 with a GF Score™ of 78/100 and a GF Value™ of NT$88.31 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,976 Hardware companies, Macnica Anstek ranks better than 60.88% on this metric.

As of today (2026-07-24), Macnica Anstek's current share price is NT$85.10. Macnica Anstek's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$92.06. Macnica Anstek's Cyclically Adjusted PS Ratio for today is 0.92.

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

TPE:3528' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.7   Max: 1.5
Current: 0.91

During the past years, Macnica Anstek's highest Cyclically Adjusted PS Ratio was 1.50. The lowest was 0.56. And the median was 0.70.

TPE:3528's Cyclically Adjusted PS Ratio is ranked better than
60.88% of 1976 companies
in the Hardware industry
Industry Median: 1.37 vs TPE:3528: 0.91

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.

Macnica Anstek's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$42.101. 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$92.06 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Macnica Anstek  (TPE:3528) 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.


Macnica Anstek Cyclically Adjusted PS Ratio Related Terms


Macnica Anstek Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Macnica Anstek'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.

Macnica Anstek Cyclically Adjusted PS Ratio Chart

Macnica Anstek 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 0.76 0.68 0.66 0.61 0.72

Macnica Anstek Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.61 0.79 0.86 0.81 0.72

TPE:3528 vs SNX, ARW, AVT: Cyclically Adjusted PS Ratio Comparison

For the Electronics & Computer Distribution subindustry, Macnica Anstek'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.


Macnica Anstek Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:3528
78GF Score
Macnica Anstek Inc TPE:3528
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Macnica Anstek 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.

Macnica Anstek's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=85.10/92.06
=0.92

* 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.

Macnica Anstek's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Macnica Anstek's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=42.101/324.0540*324.0540
=42.101

Current CPI (Dec. 2025) = 324.0540.

Macnica Anstek Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 11.766 238.132 16.011
201606 12.266 241.018 16.492
201609 12.856 241.428 17.256
201612 10.485 241.432 14.073
201703 13.034 243.801 17.324
201706 14.233 244.955 18.829
201709 15.673 246.819 20.577
201712 14.444 246.524 18.987
201803 15.768 249.554 20.475
201806 16.671 251.989 21.439
201809 15.685 252.439 20.135
201812 12.931 251.233 16.679
201903 13.832 254.202 17.633
201906 15.691 256.143 19.851
201909 16.054 256.759 20.262
201912 16.582 256.974 20.911
202003 18.090 258.115 22.711
202006 20.783 257.797 26.124
202009 18.761 260.280 23.358
202012 17.281 260.474 21.499
202103 23.047 264.877 28.196
202106 25.603 271.696 30.537
202109 23.437 274.310 27.687
202112 21.688 278.802 25.208
202203 22.357 287.504 25.199
202206 25.376 296.311 27.752
202209 25.677 296.808 28.034
202212 21.485 296.797 23.458
202303 27.121 301.836 29.117
202306 25.869 305.109 27.475
202309 23.230 307.789 24.458
202312 17.278 306.746 18.253
202403 18.451 312.332 19.143
202406 19.896 314.175 20.522
202409 20.554 315.301 21.125
202412 19.672 315.605 20.199
202503 25.605 319.799 25.946
202506 28.478 322.561 28.610
202509 37.070 324.800 36.985
202512 42.101 324.054 42.101

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 0.92 mean?
Macnica Anstek (TPE:3528) has a Cyclically Adjusted PS Ratio of 0.92 as of Jul. 24, 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 Macnica Anstek and its competitors. This is 31% above median its historical median of 0.70. Over the past decade, Macnica Anstek's Cyclically Adjusted PS Ratio has ranged from 0.56 to 1.50. According to the industry distribution chart, Macnica Anstek ranks #773 out of 1976 companies in the Hardware industry, placing it in the top 39.1%.
Is Macnica Anstek's Cyclically Adjusted PS Ratio too high?
Macnica Anstek's current Cyclically Adjusted PS Ratio of 0.92 is 31% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.50. The Hardware industry median Cyclically Adjusted PS Ratio is 1.37. Macnica Anstek's value of 0.92 is 32.8% below this industry median. Based on the distribution chart, Macnica Anstek ranks #773 out of 1976 companies in the Hardware industry, which is above the industry midpoint. Overall, Macnica Anstek has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Macnica Anstek's Cyclically Adjusted PS Ratio compare to SNX and ARW?
According to the Hardware industry distribution chart, Macnica Anstek ranks #773 out of 1976 companies for Cyclically Adjusted PS Ratio. This puts Macnica Anstek in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.37. Macnica Anstek's value of 0.92 is 32.8% below this benchmark. Historically, Macnica Anstek's own Cyclically Adjusted PS Ratio has ranged from 0.56 to 1.50 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 1.37, Macnica Anstek 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 1.37, 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. Macnica Anstek's current Cyclically Adjusted PS Ratio of 0.92 is 32.8% 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 Macnica Anstek and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macnica Anstek's current Cyclically Adjusted PS Ratio is 0.92, which is 31% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macnica Anstek stock overvalued right now?
Based on GuruFocus' analysis, Macnica Anstek (TPE:3528) is currently considered Fairly Valued. The stock's GF Value™ is NT$88.31, compared to a current price of NT$85.10 — trading 3.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.92, which is 31% above median its 10-year median of 0.70 and 32.8% below the Hardware industry median of 1.37. Macnica Anstek's overall GF Score™ is 78/100 with 7 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 Macnica Anstek (TPE:3528), the current Cyclically Adjusted PS Ratio is 0.92 as of Jul. 24, 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 Macnica Anstek (TPE:3528) Overvalued in 2026?

Based on GuruFocus' analysis, Macnica Anstek stock appears to be undervalued. The current stock price of NT$85.10 is trading 3.6% below its estimated GF Value™ of NT$88.31. GuruFocus considers Macnica Anstek to be Fairly Valued.

Key valuation signals for TPE:3528:

  • Cyclically Adjusted PS Ratio: 0.92 (31% above median its 10-year median of 0.70)
  • GF Value™: NT$88.31 vs. price of NT$85.10 (3.6% below fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 32.8% below the Hardware median (#773 of 1976)

No single metric tells the full story. See the TPE:3528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Macnica Anstek Business Description

Address Xintai 5th Road, 21st Floor, No. 75, Section 1, Xizhi District, New Taipei City, TWN
Macnica Anstek Inc is engaged in import, export and trading of electronic components. The company supplies analogue, semiconductor devices and related technologies.
78GF Score

Get the complete analysis for TPE:3528

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

NT$85.10
Price
NT$88.31
GF Value