BenQ Materials (TPE:8215) Cyclically Adjusted PS Ratio: 0.40 (As of Jul. 30, 2026) — 30% Below Median

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TPE:8215 BenQ Materials Corp TPE:8215
69 GF Score
Price NT$21.70
GF Value NT$33.91
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is BenQ Materials Cyclically Adjusted PS Ratio?

BenQ Materials TPE:8215 -4.82% 69 Cyclically Adjusted PS Ratio is 0.40 as of Jul. 30, 2026, which is 30% below its 10-year median of 0.57. GuruFocus rates TPE:8215 with a GF Score™ of 69/100 and a GF Value™ of NT$33.91 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,975 Hardware companies, BenQ Materials ranks better than 76.61% on this metric.

As of today (2026-07-30), BenQ Materials's current share price is NT$21.70. BenQ Materials's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$54.74. BenQ Materials's Cyclically Adjusted PS Ratio for today is 0.40.

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

TPE:8215' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.57   Max: 0.81
Current: 0.44

During the past years, BenQ Materials's highest Cyclically Adjusted PS Ratio was 0.81. The lowest was 0.25. And the median was 0.57.

TPE:8215's Cyclically Adjusted PS Ratio is ranked better than
76.61% of 1975 companies
in the Hardware industry
Industry Median: 1.34 vs TPE:8215: 0.44

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.

BenQ Materials's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$13.495. 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$54.74 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


BenQ Materials  (TPE:8215) 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.


BenQ Materials Cyclically Adjusted PS Ratio Related Terms


BenQ Materials Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BenQ Materials'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.

BenQ Materials Cyclically Adjusted PS Ratio Chart

BenQ Materials 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 0.74 0.60 0.65 0.56 0.35

BenQ Materials 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 0.56 0.47 0.43 0.44 0.35

TPE:8215 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, BenQ Materials'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.


BenQ Materials Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:8215
69GF Score
BenQ Materials Corp TPE:8215
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BenQ Materials 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.

BenQ Materials's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=21.70/54.74
=0.40

* 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.

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

For example, BenQ Materials'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)
=13.495/324.0540*324.0540
=13.495

Current CPI (Dec. 2025) = 324.0540.

BenQ Materials Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 9.923 238.132 13.503
201606 9.497 241.018 12.769
201609 10.031 241.428 13.464
201612 10.023 241.432 13.453
201703 9.563 243.801 12.711
201706 8.234 244.955 10.893
201709 8.566 246.819 11.246
201712 7.998 246.524 10.513
201803 9.209 249.554 11.958
201806 8.910 251.989 11.458
201809 10.341 252.439 13.275
201812 10.480 251.233 13.518
201903 10.533 254.202 13.427
201906 11.399 256.143 14.421
201909 10.794 256.759 13.623
201912 10.403 256.974 13.119
202003 10.690 258.115 13.421
202006 11.611 257.797 14.595
202009 11.846 260.280 14.749
202012 12.518 260.474 15.574
202103 12.639 264.877 15.463
202106 13.243 271.696 15.795
202109 12.534 274.310 14.807
202112 12.484 278.802 14.510
202203 12.852 287.504 14.486
202206 12.725 296.311 13.916
202209 11.199 296.808 12.227
202212 11.091 296.797 12.110
202303 12.572 301.836 13.497
202306 14.506 305.109 15.407
202309 14.287 307.789 15.042
202312 11.860 306.746 12.529
202403 14.281 312.332 14.817
202406 14.326 314.175 14.776
202409 14.125 315.301 14.517
202412 15.339 315.605 15.750
202503 14.251 319.799 14.441
202506 13.782 322.561 13.846
202509 14.330 324.800 14.297
202512 13.495 324.054 13.495

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 0.40 mean?
BenQ Materials (TPE:8215) has a Cyclically Adjusted PS Ratio of 0.40 as of Jul. 30, 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 BenQ Materials and its competitors. This is 30% below median its historical median of 0.57. Over the past decade, BenQ Materials' Cyclically Adjusted PS Ratio has ranged from 0.25 to 0.81. According to the industry distribution chart, BenQ Materials ranks #462 out of 1975 companies in the Hardware industry, placing it in the top 23.4%.
Is BenQ Materials' Cyclically Adjusted PS Ratio too high?
BenQ Materials' current Cyclically Adjusted PS Ratio of 0.40 is 30% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.81. The Hardware industry median Cyclically Adjusted PS Ratio is 1.34. BenQ Materials' value of 0.40 is 70.1% below this industry median. Based on the distribution chart, BenQ Materials ranks #462 out of 1975 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, BenQ Materials has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BenQ Materials' Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, BenQ Materials ranks #462 out of 1975 companies for Cyclically Adjusted PS Ratio. This places BenQ Materials in the top 23% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.34. BenQ Materials' value of 0.40 is 70.1% below this benchmark. Historically, BenQ Materials' own Cyclically Adjusted PS Ratio has ranged from 0.25 to 0.81 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 1.34, BenQ Materials 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 1.34, 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. BenQ Materials's current Cyclically Adjusted PS Ratio of 0.40 is 70.1% 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 BenQ Materials and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BenQ Materials's current Cyclically Adjusted PS Ratio is 0.40, which is 30% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BenQ Materials stock overvalued right now?
Based on GuruFocus' analysis, BenQ Materials (TPE:8215) is currently considered Possible Value Trap. The stock's GF Value™ is NT$33.91, compared to a current price of NT$21.70 — trading 36% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.40, which is 30% below median its 10-year median of 0.57 and 70.1% below the Hardware industry median of 1.34. BenQ Materials' overall GF Score™ is 69/100 with 8 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 BenQ Materials (TPE:8215), the current Cyclically Adjusted PS Ratio is 0.40 as of Jul. 30, 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 BenQ Materials (TPE:8215) Overvalued in 2026?

Based on GuruFocus' analysis, BenQ Materials stock appears to be undervalued. The current stock price of NT$21.70 is trading 36% below its estimated GF Value™ of NT$33.91. GuruFocus considers BenQ Materials to be Possible Value Trap.

Key valuation signals for TPE:8215:

  • Cyclically Adjusted PS Ratio: 0.40 (30% below median its 10-year median of 0.57)
  • GF Value™: NT$33.91 vs. price of NT$21.70 (36% below fair value)
  • GF Score™: 69/100 with 8 warning signs
  • Industry Position: 70.1% below the Hardware median (#462 of 1975)

No single metric tells the full story. See the TPE:8215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BenQ Materials Business Description

Address 29 Jianguo East Road, Gueishan District, Taoyuan, TWN, 333403
BenQ Materials Corp is engaged in the manufacturing and sales of film sheet products and medical equipment. Its products include polarizer films; optical films for touch panels; E-paper, industrial tapes; and smart optical films, healthcare products, including hydrocolloid dressings for moist wound management and silicone gels. The company's segments include: The film sheet segment is mainly engaged in the sales, manufacturing and research, and development of various electronic chemical membrane products; and The medical segment is involved in the sales, manufacturing, and research and development of various medical-related products. Geographically, it operates in China, which derives maximum revenue; Taiwan; Japan; United States; and Others.
69GF Score

Get the complete analysis for TPE:8215

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

NT$21.70
Price
NT$33.91
GF Value