GEM Services (TPE:6525) Cyclically Adjusted PS Ratio: 3.87 (As of Jul. 27, 2026) — 88% 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:6525 GEM Services Inc TPE:6525
85 GF Score
Price NT$142.00
GF Value NT$78.82
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is GEM Services Cyclically Adjusted PS Ratio?

GEM Services TPE:6525 +0.35% 85 Cyclically Adjusted PS Ratio is 3.87 as of Jul. 27, 2026, which is 88% above its 10-year median of 2.06. GuruFocus rates TPE:6525 with a GF Score™ of 85/100 and a GF Value™ of NT$78.82 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 732 Semiconductors companies, GEM Services ranks worse than 56.83% on this metric.

As of today (2026-07-27), GEM Services's current share price is NT$142.00. GEM Services's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$36.65. GEM Services's Cyclically Adjusted PS Ratio for today is 3.87.

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

TPE:6525' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.74   Med: 2.06   Max: 5.44
Current: 3.86

During the past years, GEM Services's highest Cyclically Adjusted PS Ratio was 5.44. The lowest was 1.74. And the median was 2.06.

TPE:6525's Cyclically Adjusted PS Ratio is ranked worse than
56.83% of 732 companies
in the Semiconductors industry
Industry Median: 2.945 vs TPE:6525: 3.86

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.

GEM Services's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$10.158. 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$36.65 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


GEM Services  (TPE:6525) 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.


GEM Services Cyclically Adjusted PS Ratio Related Terms


GEM Services Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for GEM Services'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.

GEM Services Cyclically Adjusted PS Ratio Chart

GEM Services 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 0.00 0.00 0.00 1.89 2.05

GEM Services 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 1.89 1.92 1.83 2.24 2.05

TPE:6525 vs NVDA, AVGO, MU: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, GEM Services'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.


GEM Services Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


TPE:6525
85GF Score
GEM Services Inc TPE:6525
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GEM Services 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.

GEM Services's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=142.00/36.65
=3.87

* 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.

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

For example, GEM Services'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)
=10.158/324.0540*324.0540
=10.158

Current CPI (Dec. 2025) = 324.0540.

GEM Services Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 6.260 238.132 8.519
201606 5.802 241.018 7.801
201609 5.550 241.428 7.449
201612 5.883 241.432 7.896
201703 5.472 243.801 7.273
201706 5.203 244.955 6.883
201709 6.113 246.819 8.026
201712 6.538 246.524 8.594
201803 5.859 249.554 7.608
201806 6.173 251.989 7.938
201809 6.959 252.439 8.933
201812 6.612 251.233 8.529
201903 6.110 254.202 7.789
201906 6.557 256.143 8.295
201909 7.154 256.759 9.029
201912 6.790 256.974 8.562
202003 5.503 258.115 6.909
202006 7.818 257.797 9.827
202009 7.751 260.280 9.650
202012 7.741 260.474 9.631
202103 8.157 264.877 9.979
202106 8.904 271.696 10.620
202109 9.604 274.310 11.346
202112 9.842 278.802 11.439
202203 9.724 287.504 10.960
202206 10.563 296.311 11.552
202209 10.610 296.808 11.584
202212 9.163 296.797 10.005
202303 8.183 301.836 8.785
202306 8.336 305.109 8.854
202309 8.529 307.789 8.980
202312 8.781 306.746 9.276
202403 8.145 312.332 8.451
202406 9.149 314.175 9.437
202409 9.187 315.301 9.442
202412 9.344 315.605 9.594
202503 9.318 319.799 9.442
202506 10.709 322.561 10.759
202509 10.698 324.800 10.673
202512 10.158 324.054 10.158

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 3.87 mean?
GEM Services (TPE:6525) has a Cyclically Adjusted PS Ratio of 3.87 as of Jul. 27, 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 GEM Services and its competitors. This is 88% above median its historical median of 2.06. Over the past decade, GEM Services' Cyclically Adjusted PS Ratio has ranged from 1.74 to 5.44. According to the industry distribution chart, GEM Services ranks #416 out of 732 companies in the Semiconductors industry, placing it in the top 56.8%.
Is GEM Services' Cyclically Adjusted PS Ratio too high?
GEM Services' current Cyclically Adjusted PS Ratio of 3.87 is 88% above median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 5.44. The Semiconductors industry median Cyclically Adjusted PS Ratio is 2.95. GEM Services' value of 3.87 is 31.4% above this industry median. Based on the distribution chart, GEM Services ranks #416 out of 732 companies in the Semiconductors industry, which is below the industry midpoint. Overall, GEM Services has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GEM Services' Cyclically Adjusted PS Ratio compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, GEM Services ranks #416 out of 732 companies for Cyclically Adjusted PS Ratio. This places GEM Services in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.95. GEM Services' value of 3.87 is 31.4% above this benchmark. Historically, GEM Services' own Cyclically Adjusted PS Ratio has ranged from 1.74 to 5.44 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 2.95, GEM Services 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 Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 2.95, based on 732 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. GEM Services's current Cyclically Adjusted PS Ratio of 3.87 is 31.4% 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 GEM Services and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GEM Services's current Cyclically Adjusted PS Ratio is 3.87, which is 88% above median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GEM Services stock overvalued right now?
Based on GuruFocus' analysis, GEM Services (TPE:6525) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$78.82, compared to a current price of NT$142.00 — trading 80.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.87, which is 88% above median its 10-year median of 2.06 and 31.4% above the Semiconductors industry median of 2.95. GEM Services' overall GF Score™ is 85/100 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 GEM Services (TPE:6525), the current Cyclically Adjusted PS Ratio is 3.87 as of Jul. 27, 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 GEM Services (TPE:6525) Overvalued in 2026?

Based on GuruFocus' analysis, GEM Services stock appears to be overvalued. The current stock price of NT$142.00 is trading 80.2% above its estimated GF Value™ of NT$78.82. GuruFocus considers GEM Services to be Significantly Overvalued.

Key valuation signals for TPE:6525:

  • Cyclically Adjusted PS Ratio: 3.87 (88% above median its 10-year median of 2.06)
  • GF Value™: NT$78.82 vs. price of NT$142.00 (80.2% above fair value)
  • GF Score™: 85/100 with 3 warning signs
  • Industry Position: 31.4% above the Semiconductors median (#416 of 732)

No single metric tells the full story. See the TPE:6525 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GEM Services Business Description

Address Harbour Place, PO Box 472, 2nd Floor, Grand Cayman, CYM, 1106
GEM Services Inc is a multinational semiconductor assembly and test contractor specializing in small-outline surface-mount packages for power management semiconductors and serving semiconductor manufacturers across communication, computing, industrial, and automotive applications. Its business activities include semiconductor packaging and testing, foundry and plant leasing, with semiconductor products generating the majority of revenue, along with services such as electroplating. The Company provides outsourcing services to IDM and fabless semiconductor companies, including packaging development, wafer processing, assembly, testing, logistics, and reliability services. It operates in Taiwan and Mainland China, with Taiwan generating the majority of revenue.
85GF Score

Get the complete analysis for TPE:6525

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

NT$142.00
Price
NT$78.82
GF Value