WinWay Technology Co (TPE:6515) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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:6515 WinWay Technology Co Ltd TPE:6515
83 GF Score
Price NT$6,435.00
GF Value NT$2,972.77
Valuation Significantly Overvalued
! 3 Warning Signs
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What is WinWay Technology Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


WinWay Technology Co  (TPE:6515) 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.


WinWay Technology Co Cyclically Adjusted PS Ratio Related Terms


WinWay Technology Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for WinWay Technology Co'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.

WinWay Technology Co Cyclically Adjusted PS Ratio Chart

WinWay Technology Co 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 - - - - 23.93

WinWay Technology Co 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 - - 23.93 59.11 66.09

TPE:6515 vs NVDA, AVGO, MU: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, WinWay Technology Co'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.


WinWay Technology Co Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


TPE:6515
83GF Score
WinWay Technology Co Ltd TPE:6515
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

WinWay Technology Co 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.

WinWay Technology Co's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, WinWay Technology Co's adjusted Revenue per Share data for the fiscal year that ended in Dec25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=218.565/324.0540*324.0540
=218.565

Current CPI (Dec25) = 324.0540.

WinWay Technology Co Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 53.806 241.432 72.219
201712 40.987 246.524 53.877
201812 55.653 251.233 71.784
201912 91.976 256.974 115.985
202012 92.930 260.474 115.614
202112 84.382 278.802 98.078
202212 147.737 296.797 161.305
202312 105.955 306.746 111.933
202412 163.322 315.605 167.694
202512 218.565 324.054 218.565

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 WinWay Technology Co (TPE:6515) Overvalued in 2026?

Based on GuruFocus' analysis, WinWay Technology Co stock appears to be overvalued. The current stock price of NT$6,435.00 is trading 116.5% above its estimated GF Value™ of NT$2,972.77. GuruFocus considers WinWay Technology Co to be Significantly Overvalued.

Key valuation signals for TPE:6515:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$2,972.77 vs. price of NT$6,435.00 (116.5% above fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the TPE:6515 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


WinWay Technology Co Business Description

Address Chuangyi South Road, No. 68, Nanzih District, Kaohsiung City, TWN, 811646
WinWay Technology Co Ltd company is engaged in designing, processing, and sales of optoelectronic product test fixtures, integrated circuit test interfaces and fixtures and their key components, and the import and export trade of related products. Its products are Package Test, Wafer Test, Thermal control Products. The group has one reportable segment. This segment is mainly the manufacturing and sales of optoelectronic products test fixtures. Geographically, the company has a presence in Taiwan, America, China, Asia, Europe, and Canada where it generates the majority of its revenue from America.
83GF Score

Get the complete analysis for TPE:6515

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

NT$6,435.00
Price
NT$2,972.77
GF Value