Andes Technology (TPE:6533) Cyclically Adjusted PS Ratio: 12.97 (As of Sep. 10, 2026) — 24% Below 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:6533 Andes Technology Corp TPE:6533
81 GF Score
Price NT$253.50
GF Value NT$478.90
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Andes Technology Cyclically Adjusted PS Ratio?

Andes Technology TPE:6533 -0.98% 81 Cyclically Adjusted PS Ratio is 12.97 as of Sep. 10, 2026, which is 24% below its 10-year median of 17.06. GuruFocus rates TPE:6533 with a GF Score™ of 81/100 and a GF Value™ of NT$478.90 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 731 Semiconductors companies, Andes Technology ranks worse than 83.17% on this metric.

As of today (2026-09-10), Andes Technology's current share price is NT$253.50. Andes Technology's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$19.55. Andes Technology's Cyclically Adjusted PS Ratio for today is 12.97.

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

TPE:6533' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 9.26   Med: 17.06   Max: 30.45
Current: 12.97

During the past years, Andes Technology's highest Cyclically Adjusted PS Ratio was 30.45. The lowest was 9.26. And the median was 17.06.

TPE:6533's Cyclically Adjusted PS Ratio is ranked worse than
83.17% of 731 companies
in the Semiconductors industry
Industry Median: 3.17 vs TPE:6533: 12.97

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.

Andes Technology's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$10.931. 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$19.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Andes Technology  (TPE:6533) 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.


Andes Technology Cyclically Adjusted PS Ratio Related Terms


Andes Technology Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Andes Technology'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.

Andes Technology Cyclically Adjusted PS Ratio Chart

Andes Technology 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 26.93 13.36

Andes Technology 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 17.99 17.76 13.36 9.13 9.82

TPE:6533 vs LRCX, AMAT, KLAC: Cyclically Adjusted PS Ratio Comparison

For the Semiconductor Equipment & Materials subindustry, Andes Technology'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.


Andes Technology Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


TPE:6533
81GF Score
Andes Technology Corp TPE:6533
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Andes Technology 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.

Andes Technology's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=253.50/19.55
=12.97

* 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.

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

For example, Andes Technology'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)
=10.931/333.9520*333.9520
=10.931

Current CPI (Jun. 2026) = 333.9520.

Andes Technology Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.464 241.428 2.025
201612 1.974 241.432 2.730
201703 1.993 243.801 2.730
201706 2.003 244.955 2.731
201709 1.551 246.819 2.099
201712 1.303 246.524 1.765
201803 0.793 249.554 1.061
201806 2.003 251.989 2.655
201809 1.311 252.439 1.734
201812 2.869 251.233 3.814
201903 1.791 254.202 2.353
201906 3.545 256.143 4.622
201909 3.056 256.759 3.975
201912 3.042 256.974 3.953
202003 2.419 258.115 3.130
202006 2.299 257.797 2.978
202009 2.396 260.280 3.074
202012 6.132 260.474 7.862
202103 3.453 264.877 4.353
202106 4.741 271.696 5.827
202109 4.226 274.310 5.145
202112 5.163 278.802 6.184
202203 4.057 287.504 4.712
202206 2.698 296.311 3.041
202209 5.214 296.808 5.867
202212 5.889 296.797 6.626
202303 4.331 301.836 4.792
202306 3.450 305.109 3.776
202309 4.754 307.789 5.158
202312 7.812 306.746 8.505
202403 4.101 312.332 4.385
202406 5.368 314.175 5.706
202409 9.315 315.301 9.866
202412 8.877 315.605 9.393
202503 5.220 319.799 5.451
202506 5.374 322.561 5.564
202509 9.141 324.800 9.399
202512 8.869 324.054 9.140
202603 6.280 330.213 6.351
202606 10.931 333.952 10.931

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 12.97 mean?
Andes Technology (TPE:6533) has a Cyclically Adjusted PS Ratio of 12.97 as of Sep. 10, 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 Andes Technology and its competitors. This is 24% below median its historical median of 17.06. Over the past decade, Andes Technology's Cyclically Adjusted PS Ratio has ranged from 9.26 to 30.45. According to the industry distribution chart, Andes Technology ranks #608 out of 731 companies in the Semiconductors industry, placing it in the top 83.2%.
Is Andes Technology's Cyclically Adjusted PS Ratio too high?
Andes Technology's current Cyclically Adjusted PS Ratio of 12.97 is 24% below median its 10-year median of 17.06. Over the past 10 years, this metric has ranged from a low of 9.26 to a high of 30.45. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.17. Andes Technology's value of 12.97 is 309.1% above this industry median. Based on the distribution chart, Andes Technology ranks #608 out of 731 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Andes Technology has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Andes Technology's Cyclically Adjusted PS Ratio compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Andes Technology ranks #608 out of 731 companies for Cyclically Adjusted PS Ratio. This places Andes Technology in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.17. Andes Technology's value of 12.97 is 309.1% above this benchmark. Historically, Andes Technology's own Cyclically Adjusted PS Ratio has ranged from 9.26 to 30.45 over the past decade. While the company's 10-year median is 17.06 vs. the industry median of 3.17, Andes Technology 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 3.17, based on 731 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. Andes Technology's current Cyclically Adjusted PS Ratio of 12.97 is 309.1% 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 Andes Technology and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Andes Technology's current Cyclically Adjusted PS Ratio is 12.97, which is 24% below median its own 10-year median of 17.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andes Technology stock overvalued right now?
Based on GuruFocus' analysis, Andes Technology (TPE:6533) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$478.90, compared to a current price of NT$253.50 — trading 47.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 12.97, which is 24% below median its 10-year median of 17.06 and 309.1% above the Semiconductors industry median of 3.17. Andes Technology's overall GF Score™ is 81/100 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 Andes Technology (TPE:6533), the current Cyclically Adjusted PS Ratio is 12.97 as of Sep. 10, 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 Andes Technology (TPE:6533) Overvalued in 2026?

Based on GuruFocus' analysis, Andes Technology stock appears to be undervalued. The current stock price of NT$253.50 is trading 47.1% below its estimated GF Value™ of NT$478.90. GuruFocus considers Andes Technology to be Significantly Undervalued.

Key valuation signals for TPE:6533:

  • Cyclically Adjusted PS Ratio: 12.97 (24% below median its 10-year median of 17.06)
  • GF Value™: NT$478.90 vs. price of NT$253.50 (47.1% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 309.1% above the Semiconductors median (#608 of 731)

No single metric tells the full story. See the TPE:6533 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Andes Technology Business Description

Address A1-4, 3rd Floor, No.1, Li-Hsin First Road, Hsinchu Science Park, Hsinchu, TWN, 300
Andes Technology Corp is specialized in the R&D, designing, manufacturing and marketing of embedded processor intellectual property (IP), related hardware/software developing platform and toolchains. Its intellectual property line-up, which mainly consists of 32/64-bit RISC-V processors, also includes a series of software and hardware technologies and products, categorized into AndeStar, AndesCore, AndeShape, AndeSight, AndeSoft, and AndesAIRE. It operates in single segment and derives revenue from designing and selling CPU IP. Geographically, it operates in Taiwan, United States, Mainland China, Other.
81GF Score

Get the complete analysis for TPE:6533

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

NT$253.50
Price
NT$478.90
GF Value