In Win Development (TPE:6117) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

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:6117 In Win Development Inc TPE:6117
65 GF Score
Price NT$60.90
GF Value NT$98.29
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is In Win Development Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


In Win Development  (TPE:6117) 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.


In Win Development Cyclically Adjusted PS Ratio Related Terms


In Win Development Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for In Win Development'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.

In Win Development Cyclically Adjusted PS Ratio Chart

In Win Development 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 0.62 0.45 2.55 3.12 2.72

In Win Development Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.25 2.71 2.70 2.22 2.34

TPE:6117 vs DELL, ANET, SNDK: Cyclically Adjusted PS Ratio Comparison

For the Computer Hardware subindustry, In Win Development'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.


In Win Development Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:6117
65GF Score
In Win Development Inc TPE:6117
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

In Win Development 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.

In Win Development's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, In Win Development's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.983/333.9520*333.9520
=7.983

Current CPI (Jun. 2026) = 333.9520.

In Win Development Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 7.444 241.428 10.297
201612 5.633 241.432 7.792
201703 4.848 243.801 6.641
201706 5.230 244.955 7.130
201709 6.010 246.819 8.132
201712 5.595 246.524 7.579
201803 5.812 249.554 7.778
201806 5.573 251.989 7.386
201809 4.960 252.439 6.562
201812 5.491 251.233 7.299
201903 4.814 254.202 6.324
201906 5.667 256.143 7.388
201909 6.320 256.759 8.220
201912 6.456 256.974 8.390
202003 5.883 258.115 7.611
202006 6.705 257.797 8.686
202009 6.864 260.280 8.807
202012 5.399 260.474 6.922
202103 6.099 264.877 7.690
202106 6.538 271.696 8.036
202109 7.106 274.310 8.651
202112 6.331 278.802 7.583
202203 6.877 287.504 7.988
202206 6.896 296.311 7.772
202209 7.170 296.808 8.067
202212 6.104 296.797 6.868
202303 5.270 301.836 5.831
202306 5.975 305.109 6.540
202309 7.366 307.789 7.992
202312 8.111 306.746 8.830
202403 8.089 312.332 8.649
202406 8.429 314.175 8.960
202409 7.265 315.301 7.695
202412 7.420 315.605 7.851
202503 7.315 319.799 7.639
202506 8.631 322.561 8.936
202509 8.377 324.800 8.613
202512 8.229 324.054 8.480
202603 8.306 330.213 8.400
202606 7.983 333.952 7.983

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.

Is In Win Development (TPE:6117) Overvalued in 2026?

Based on GuruFocus' analysis, In Win Development stock appears to be undervalued. The current stock price of NT$60.90 is trading 38% below its estimated GF Value™ of NT$98.29. GuruFocus considers In Win Development to be Possible Value Trap.

Key valuation signals for TPE:6117:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$98.29 vs. price of NT$60.90 (38% below fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the TPE:6117 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


In Win Development Business Description

Address No. 57, Lane 350, Nan Shang Road, Guishan District, Taoyuan, TWN
In Win Development Inc is engaged in the processing, manufacturing, and trading of computer and peripheral equipment, plastic products, etc., and the manufacturing, baking, and trading of mechanical hardware parts. Its products include Gaming Chassis, Computer Chassis, Gaming Power Supply, PC Power Supply, IPC/Server, iBuildiShare, and Cooling. Geographically, it operates in Europe, the USA, Japan, Taiwan, and Other countries, with the majority of the revenue deriving from Taiwan.
65GF Score

Get the complete analysis for TPE:6117

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

NT$60.90
Price
NT$98.29
GF Value