VARXF (BOE Varitronix) Cyclically Adjusted PS Ratio: 0.50 (As of Jul. 23, 2026) — Near Median

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VARXF BOE Varitronix Ltd VARXF
59 GF Score
Price $0.63
GF Value $0.94
Valuation Significantly Undervalued
! 5 Warning Signs
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What is BOE Varitronix Cyclically Adjusted PS Ratio?

BOE Varitronix VARXF +23.68% 59 Cyclically Adjusted PS Ratio is 0.50 as of Jul. 23, 2026, which is 9% below its 10-year median of 0.55. GuruFocus rates VARXF with a GF Score™ of 59/100 and a GF Value™ of $0.94 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,976 Hardware companies, BOE Varitronix ranks better than 79.35% on this metric.

As of today (2026-07-23), BOE Varitronix's current share price is $0.6343. BOE Varitronix's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 was $1.28. BOE Varitronix's Cyclically Adjusted PS Ratio for today is 0.50.

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

VARXF' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.55   Max: 2.71
Current: 0.39

During the past 13 years, BOE Varitronix's highest Cyclically Adjusted PS Ratio was 2.71. The lowest was 0.26. And the median was 0.55.

VARXF's Cyclically Adjusted PS Ratio is ranked better than
79.35% of 1976 companies
in the Hardware industry
Industry Median: 1.37 vs VARXF: 0.39

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.

BOE Varitronix's adjusted revenue per share data of for the fiscal year that ended in Dec25 was $2.271. 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 $1.28 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


BOE Varitronix  (OTCPK:VARXF) 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.


BOE Varitronix Cyclically Adjusted PS Ratio Related Terms


BOE Varitronix Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BOE Varitronix'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.

BOE Varitronix Cyclically Adjusted PS Ratio Chart

BOE Varitronix 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 1.45 1.94 0.86 0.74 0.51

BOE Varitronix Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 0.86 0.00 0.74 0.00 0.51

VARXF vs APH, GLW: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, BOE Varitronix'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.


BOE Varitronix Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


VARXF
59GF Score
BOE Varitronix Ltd VARXF
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BOE Varitronix 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.

BOE Varitronix's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.6343/1.28
=0.50

* 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.

BOE Varitronix's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec25 is calculated as:

For example, BOE Varitronix'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)
=2.271/120.7036*120.7036
=2.271

Current CPI (Dec25) = 120.7036.

BOE Varitronix Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.479 103.225 0.560
201712 0.501 104.984 0.576
201812 0.553 107.622 0.620
201912 0.623 110.700 0.679
202012 0.794 109.711 0.874
202112 1.355 112.349 1.456
202212 1.840 114.548 1.939
202312 1.746 117.296 1.797
202412 2.188 118.945 2.220
202512 2.271 120.704 2.271

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 0.50 mean?
BOE Varitronix (VARXF) has a Cyclically Adjusted PS Ratio of 0.50 as of Jul. 23, 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 BOE Varitronix and its competitors. This is near median its historical median of 0.55. Over the past decade, BOE Varitronix's Cyclically Adjusted PS Ratio has ranged from 0.26 to 2.71. According to the industry distribution chart, BOE Varitronix ranks #408 out of 1976 companies in the Hardware industry, placing it in the top 20.6%.
Is BOE Varitronix's Cyclically Adjusted PS Ratio too high?
BOE Varitronix's current Cyclically Adjusted PS Ratio of 0.50 is near median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 2.71. The Hardware industry median Cyclically Adjusted PS Ratio is 1.37. BOE Varitronix's value of 0.50 is 63.5% below this industry median. Based on the distribution chart, BOE Varitronix ranks #408 out of 1976 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, BOE Varitronix has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BOE Varitronix's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, BOE Varitronix ranks #408 out of 1976 companies for Cyclically Adjusted PS Ratio. This places BOE Varitronix in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 1.37. BOE Varitronix's value of 0.50 is 63.5% below this benchmark. Historically, BOE Varitronix's own Cyclically Adjusted PS Ratio has ranged from 0.26 to 2.71 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.37, BOE Varitronix 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 1.37, based on 1,976 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. BOE Varitronix's current Cyclically Adjusted PS Ratio of 0.50 is 63.5% 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 BOE Varitronix and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOE Varitronix's current Cyclically Adjusted PS Ratio is 0.50, which is near median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOE Varitronix stock overvalued right now?
Based on GuruFocus' analysis, BOE Varitronix (VARXF) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.94, compared to a current price of $0.63 — trading 32.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.50, which is near median its 10-year median of 0.55 and 63.5% below the Hardware industry median of 1.37. BOE Varitronix's overall GF Score™ is 59/100 with 5 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 BOE Varitronix (VARXF), the current Cyclically Adjusted PS Ratio is 0.50 as of Jul. 23, 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 BOE Varitronix (VARXF) Overvalued in 2026?

Based on GuruFocus' analysis, BOE Varitronix stock appears to be undervalued. The current stock price of $0.63 is trading 32.5% below its estimated GF Value™ of $0.94. GuruFocus considers BOE Varitronix to be Significantly Undervalued.

Key valuation signals for VARXF:

  • Cyclically Adjusted PS Ratio: 0.50 (near median its 10-year median of 0.55)
  • GF Value™: $0.94 vs. price of $0.63 (32.5% below fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 63.5% below the Hardware median (#408 of 1976)

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


BOE Varitronix Business Description

Other Exchanges 00710:Hong KongVTX:Germany
Address No. 7 Shing Yip Street, Units A-F, 35th Floor, Legend Tower, Kwun Tong, Kowloon, Hong Kong, HKG
BOE Varitronix Ltd is an investment holding company. It is principally engaged in automobile and industrial display products and has a monochrome display manufacturing capacity. It manufactures various products in the category of automobile, industrial, white goods, medical, and other. The company operates in one business segment which is the design, manufacture and sale of liquid crystal displays and related products. The company's geographical segments include the PRC, Europe, Japan, America, Korea, and other regions, out of which the PRC accounts for the majority of the revenue.
59GF Score

Get the complete analysis for VARXF

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

$0.63
Price
$0.94
GF Value