VARXF (BOE Varitronix) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

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.

VARXF BOE Varitronix Ltd VARXF
66 GF Score
Price $0.51
GF Value $0.96
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is BOE Varitronix Cyclically Adjusted PS Ratio?

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 1.27 1.80 1.48 0.69 0.50

BOE Varitronix Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 0.60 0.68 0.55 0.50 0.46

VARXF vs APH, GLW, TEL: 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
66GF 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 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)
=2.267/120.7036*120.7036
=2.267

Current CPI (Dec25) = 120.7036.

BOE Varitronix Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201612 0.478 103.225 0.559
201712 0.503 104.984 0.578
201812 0.551 107.622 0.618
201912 0.620 110.700 0.676
202012 0.793 109.711 0.872
202112 1.359 112.349 1.460
202212 1.829 114.548 1.927
202312 1.742 117.296 1.793
202412 2.180 118.945 2.212
202512 2.267 120.704 2.267

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 BOE Varitronix (VARXF) Overvalued in 2026?

Based on GuruFocus' analysis, BOE Varitronix stock appears to be undervalued. The current stock price of $0.51 is trading 46.5% below its estimated GF Value™ of $0.96. GuruFocus considers BOE Varitronix to be Significantly Undervalued.

Key valuation signals for VARXF:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $0.96 vs. price of $0.51 (46.5% below fair value)
  • GF Score™: 66/100 with 5 warning signs

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.
66GF 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.

$0.51
Price
$0.96
GF Value