MITAC Holdings (TPE:3706) Cyclically Adjusted PS Ratio: 1.86 (As of Jul. 29, 2026) — 119% 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:3706 MITAC Holdings Corp TPE:3706
89 GF Score
Price NT$85.30
GF Value NT$127.11
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is MITAC Holdings Cyclically Adjusted PS Ratio?

MITAC Holdings TPE:3706 -3.29% 89 Cyclically Adjusted PS Ratio is 1.86 as of Jul. 29, 2026, which is 119% above its 10-year median of 0.85. GuruFocus rates TPE:3706 with a GF Score™ of 89/100 and a GF Value™ of NT$127.11 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,975 Hardware companies, MITAC Holdings ranks worse than 60.76% on this metric.

As of today (2026-07-29), MITAC Holdings's current share price is NT$85.30. MITAC Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$45.92. MITAC Holdings's Cyclically Adjusted PS Ratio for today is 1.86.

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

TPE:3706' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.85   Max: 2.35
Current: 1.99

During the past years, MITAC Holdings's highest Cyclically Adjusted PS Ratio was 2.35. The lowest was 0.57. And the median was 0.85.

TPE:3706's Cyclically Adjusted PS Ratio is ranked worse than
60.76% of 1975 companies
in the Hardware industry
Industry Median: 1.36 vs TPE:3706: 1.99

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.

MITAC Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$23.970. 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$45.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


MITAC Holdings  (TPE:3706) 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.


MITAC Holdings Cyclically Adjusted PS Ratio Related Terms


MITAC Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for MITAC Holdings'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.

MITAC Holdings Cyclically Adjusted PS Ratio Chart

MITAC Holdings 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 0.92 0.71 1.05 1.61 1.98

MITAC Holdings 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 1.23 1.46 2.06 1.98 1.61

TPE:3706 vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, MITAC Holdings'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.


MITAC Holdings Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:3706
89GF Score
MITAC Holdings Corp TPE:3706
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MITAC Holdings 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.

MITAC Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=85.30/45.92
=1.86

* 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.

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

For example, MITAC Holdings'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)
=23.97/330.2130*330.2130
=23.970

Current CPI (Mar. 2026) = 330.2130.

MITAC Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.999 241.018 12.329
201609 9.720 241.428 13.295
201612 11.479 241.432 15.700
201703 8.268 243.801 11.198
201706 10.515 244.955 14.175
201709 10.075 246.819 13.479
201712 8.431 246.524 11.293
201803 6.317 249.554 8.359
201806 5.795 251.989 7.594
201809 5.823 252.439 7.617
201812 5.507 251.233 7.238
201903 5.730 254.202 7.443
201906 6.960 256.143 8.973
201909 6.651 256.759 8.554
201912 7.891 256.974 10.140
202003 6.631 258.115 8.483
202006 7.909 257.797 10.131
202009 9.005 260.280 11.424
202012 7.625 260.474 9.667
202103 8.691 264.877 10.835
202106 9.097 271.696 11.056
202109 7.046 274.310 8.482
202112 7.173 278.802 8.496
202203 8.588 287.504 9.864
202206 8.769 296.311 9.772
202209 9.363 296.808 10.417
202212 9.586 296.797 10.665
202303 6.583 301.836 7.202
202306 6.976 305.109 7.550
202309 7.265 307.789 7.794
202312 5.916 306.746 6.369
202403 7.274 312.332 7.690
202406 9.791 314.175 10.291
202409 11.377 315.301 11.915
202412 17.667 315.605 18.485
202503 17.830 319.799 18.411
202506 20.018 322.561 20.493
202509 18.636 324.800 18.947
202512 22.943 324.054 23.379
202603 23.970 330.213 23.970

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 1.86 mean?
MITAC Holdings (TPE:3706) has a Cyclically Adjusted PS Ratio of 1.86 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 MITAC Holdings and its competitors. This is 119% above median its historical median of 0.85. Over the past decade, MITAC Holdings' Cyclically Adjusted PS Ratio has ranged from 0.57 to 2.35. According to the industry distribution chart, MITAC Holdings ranks #1200 out of 1975 companies in the Hardware industry, placing it in the top 60.8%.
Is MITAC Holdings' Cyclically Adjusted PS Ratio too high?
MITAC Holdings' current Cyclically Adjusted PS Ratio of 1.86 is 119% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 2.35. The Hardware industry median Cyclically Adjusted PS Ratio is 1.36. MITAC Holdings' value of 1.86 is 36.8% above this industry median. Based on the distribution chart, MITAC Holdings ranks #1200 out of 1975 companies in the Hardware industry, which is below the industry midpoint. Overall, MITAC Holdings has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MITAC Holdings' Cyclically Adjusted PS Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, MITAC Holdings ranks #1200 out of 1975 companies for Cyclically Adjusted PS Ratio. This places MITAC Holdings in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.36. MITAC Holdings' value of 1.86 is 36.8% above this benchmark. Historically, MITAC Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.57 to 2.35 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.36, MITAC Holdings 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. MITAC Holdings's current Cyclically Adjusted PS Ratio of 1.86 is 36.8% 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 MITAC Holdings 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. MITAC Holdings's current Cyclically Adjusted PS Ratio is 1.86, which is 119% above median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MITAC Holdings stock overvalued right now?
Based on GuruFocus' analysis, MITAC Holdings (TPE:3706) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$127.11, compared to a current price of NT$85.30 — trading 32.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.86, which is 119% above median its 10-year median of 0.85 and 36.8% above the Hardware industry median of 1.36. MITAC Holdings' overall GF Score™ is 89/100 with 6 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 MITAC Holdings (TPE:3706), the current Cyclically Adjusted PS Ratio is 1.86 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 MITAC Holdings (TPE:3706) Overvalued in 2026?

Based on GuruFocus' analysis, MITAC Holdings stock appears to be undervalued. The current stock price of NT$85.30 is trading 32.9% below its estimated GF Value™ of NT$127.11. GuruFocus considers MITAC Holdings to be Significantly Undervalued.

Key valuation signals for TPE:3706:

  • Cyclically Adjusted PS Ratio: 1.86 (119% above median its 10-year median of 0.85)
  • GF Value™: NT$127.11 vs. price of NT$85.30 (32.9% below fair value)
  • GF Score™: 89/100 with 6 warning signs
  • Industry Position: 36.8% above the Hardware median (#1200 of 1975)

No single metric tells the full story. See the TPE:3706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MITAC Holdings Business Description

Address No. 202, Wenhua 2nd Road, Guishan District, Taoyuan, TWN, 33383
MITAC Holdings Corp is a holding company whose subsidiaries offer a range of electronics manufacturing services. It is engaged in designing, manufacturing, and distributing servers and storage products across various architectures in public cloud, private cloud, and hybrid cloud environments. The smart mobile device and cloud service business group builds application ecosystems that bridge cloud service and smart mobile devices. It serves industries such as finance, technology, retail, education, and manufacturing. The company brands include Mio, Magellan, Navman, and Tyan.
89GF Score

Get the complete analysis for TPE:3706

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

NT$85.30
Price
NT$127.11
GF Value