Hannstar Board (TPE:5469) Cyclically Adjusted PS Ratio: 0.57 (As of Jul. 29, 2026) — 30% Above Median

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TPE:5469 Hannstar Board Corp TPE:5469
80 GF Score
Price NT$67.70
GF Value NT$93.75
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Hannstar Board Cyclically Adjusted PS Ratio?

Hannstar Board TPE:5469 -5.18% 80 Cyclically Adjusted PS Ratio is 0.57 as of Jul. 29, 2026, which is 30% above its 10-year median of 0.44. GuruFocus rates TPE:5469 with a GF Score™ of 80/100 and a GF Value™ of NT$93.75 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,975 Hardware companies, Hannstar Board ranks better than 70.48% on this metric.

As of today (2026-07-29), Hannstar Board's current share price is NT$67.70. Hannstar Board's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$118.59. Hannstar Board's Cyclically Adjusted PS Ratio for today is 0.57.

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

TPE:5469' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.44   Max: 0.93
Current: 0.61

During the past years, Hannstar Board's highest Cyclically Adjusted PS Ratio was 0.93. The lowest was 0.23. And the median was 0.44.

TPE:5469's Cyclically Adjusted PS Ratio is ranked better than
70.48% of 1975 companies
in the Hardware industry
Industry Median: 1.36 vs TPE:5469: 0.61

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.

Hannstar Board's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$32.228. 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$118.59 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hannstar Board  (TPE:5469) 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.


Hannstar Board Cyclically Adjusted PS Ratio Related Terms


Hannstar Board Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hannstar Board'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.

Hannstar Board Cyclically Adjusted PS Ratio Chart

Hannstar Board 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 0.41 0.28 0.51 0.47 0.79

Hannstar Board 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 0.46 0.53 0.78 0.79 0.67

TPE:5469 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Hannstar Board'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.


Hannstar Board Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:5469
80GF Score
Hannstar Board Corp TPE:5469
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hannstar Board 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.

Hannstar Board's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=67.70/118.59
=0.57

* 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.

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

For example, Hannstar Board'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)
=32.228/330.2130*330.2130
=32.228

Current CPI (Mar. 2026) = 330.2130.

Hannstar Board Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 22.805 241.018 31.245
201609 24.864 241.428 34.008
201612 23.192 241.432 31.720
201703 20.889 243.801 28.293
201706 20.478 244.955 27.605
201709 25.337 246.819 33.898
201712 25.251 246.524 33.823
201803 22.248 249.554 29.439
201806 25.759 251.989 33.755
201809 28.899 252.439 37.803
201812 25.343 251.233 33.310
201903 22.301 254.202 28.969
201906 25.580 256.143 32.977
201909 27.896 256.759 35.877
201912 24.499 256.974 31.481
202003 19.088 258.115 24.420
202006 25.089 257.797 32.137
202009 25.876 260.280 32.828
202012 26.032 260.474 33.002
202103 25.375 264.877 31.634
202106 27.529 271.696 33.458
202109 35.560 274.310 42.807
202112 28.394 278.802 33.630
202203 25.027 287.504 28.745
202206 23.778 296.311 26.499
202209 26.135 296.808 29.076
202212 22.704 296.797 25.260
202303 21.157 301.836 23.146
202306 22.187 305.109 24.013
202309 24.180 307.789 25.942
202312 15.323 306.746 16.495
202403 17.465 312.332 18.465
202406 19.778 314.175 20.788
202409 23.521 315.301 24.633
202412 20.909 315.605 21.877
202503 21.800 319.799 22.510
202506 32.228 322.561 32.993
202509 32.478 324.800 33.019
202512 31.516 324.054 32.115
202603 32.228 330.213 32.228

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 0.57 mean?
Hannstar Board (TPE:5469) has a Cyclically Adjusted PS Ratio of 0.57 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 Hannstar Board and its competitors. This is 30% above median its historical median of 0.44. Over the past decade, Hannstar Board's Cyclically Adjusted PS Ratio has ranged from 0.23 to 0.93. According to the industry distribution chart, Hannstar Board ranks #583 out of 1975 companies in the Hardware industry, placing it in the top 29.5%.
Is Hannstar Board's Cyclically Adjusted PS Ratio too high?
Hannstar Board's current Cyclically Adjusted PS Ratio of 0.57 is 30% above median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.93. The Hardware industry median Cyclically Adjusted PS Ratio is 1.36. Hannstar Board's value of 0.57 is 58.1% below this industry median. Based on the distribution chart, Hannstar Board ranks #583 out of 1975 companies in the Hardware industry, which is above the industry midpoint. Overall, Hannstar Board has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hannstar Board's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Hannstar Board ranks #583 out of 1975 companies for Cyclically Adjusted PS Ratio. This puts Hannstar Board in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.36. Hannstar Board's value of 0.57 is 58.1% below this benchmark. Historically, Hannstar Board's own Cyclically Adjusted PS Ratio has ranged from 0.23 to 0.93 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 1.36, Hannstar Board 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. Hannstar Board's current Cyclically Adjusted PS Ratio of 0.57 is 58.1% 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 Hannstar Board 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. Hannstar Board's current Cyclically Adjusted PS Ratio is 0.57, which is 30% above median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hannstar Board stock overvalued right now?
Based on GuruFocus' analysis, Hannstar Board (TPE:5469) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$93.75, compared to a current price of NT$67.70 — trading 27.8% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.57, which is 30% above median its 10-year median of 0.44 and 58.1% below the Hardware industry median of 1.36. Hannstar Board's overall GF Score™ is 80/100 with 3 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 Hannstar Board (TPE:5469), the current Cyclically Adjusted PS Ratio is 0.57 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 Hannstar Board (TPE:5469) Overvalued in 2026?

Based on GuruFocus' analysis, Hannstar Board stock appears to be undervalued. The current stock price of NT$67.70 is trading 27.8% below its estimated GF Value™ of NT$93.75. GuruFocus considers Hannstar Board to be Modestly Undervalued.

Key valuation signals for TPE:5469:

  • Cyclically Adjusted PS Ratio: 0.57 (30% above median its 10-year median of 0.44)
  • GF Value™: NT$93.75 vs. price of NT$67.70 (27.8% below fair value)
  • GF Score™: 80/100 with 3 warning signs
  • Industry Position: 58.1% below the Hardware median (#583 of 1975)

No single metric tells the full story. See the TPE:5469 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hannstar Board Business Description

Address No. 9, Industrial 4th Road, Guanyin District, Taoyuan, TWN, 32853
Hannstar Board Corp engages in the manufacturing and sale of printed circuit boards. The company produces a wide range of multi-layer printed circuit boards, from double-layered boards. The product types include specially printed circuit boards such as games, TV, PC, Networking, Automotive, LCD, STB, and others.
80GF Score

Get the complete analysis for TPE:5469

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

NT$67.70
Price
NT$93.75
GF Value