Trust-Search (ROCO:3115) Cyclically Adjusted Revenue per Share: NT$13.02 (As of Mar. 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.

ROCO:3115 Trust-Search Corp ROCO:3115
54 GF Score
Price NT$9.50
GF Value NT$16.23
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Trust-Search Cyclically Adjusted Revenue per Share?

Trust-Search ROCO:3115 54 Cyclically Adjusted Revenue per Share is NT$13.02 as of Mar. 2026. GuruFocus rates ROCO:3115 with a GF Score™ of 54/100 and a GF Value™ of NT$16.23 (Possible Value Trap). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Trust-Search's adjusted revenue per share for the three months ended in Mar. 2026 was NT$0.020. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is NT$13.02 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Trust-Search's average Cyclically Adjusted Revenue Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -14.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -9.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Trust-Search was -2.30% per year. The lowest was -14.50% per year. And the median was -6.75% per year.

As of today (2026-07-31), Trust-Search's current stock price is NT$9.50. Trust-Search's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$13.02. Trust-Search's Cyclically Adjusted PS Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Trust-Search was 1.14. The lowest was 0.53. And the median was 0.75.


Trust-Search  (ROCO:3115) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Trust-Search's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=9.50/13.02
=0.73

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Trust-Search was 1.14. The lowest was 0.53. And the median was 0.75.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Trust-Search Cyclically Adjusted Revenue per Share Related Terms


Trust-Search Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Trust-Search's Cyclically Adjusted Revenue per Share 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.

Trust-Search Cyclically Adjusted Revenue per Share Chart

Trust-Search Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.34 21.47 19.38 16.79 13.40

Trust-Search Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 16.13 15.32 14.43 13.40 13.02

ROCO:3115 vs APH, GLW, TEL: Cyclically Adjusted Revenue per Share Comparison

For the Electronic Components subindustry, Trust-Search'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.


Trust-Search Cyclically Adjusted PS Ratio vs Hardware Industry

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

* The bar in red indicates where Trust-Search's Cyclically Adjusted PS Ratio falls into.


ROCO:3115
54GF Score
Trust-Search Corp ROCO:3115
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Trust-Search Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Trust-Search's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.02/330.2130*330.2130
=0.020

Current CPI (Mar. 2026) = 330.2130.

Trust-Search Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.722 241.018 6.469
201609 5.367 241.428 7.341
201612 5.469 241.432 7.480
201703 5.110 243.801 6.921
201706 4.382 244.955 5.907
201709 4.788 246.819 6.406
201712 4.223 246.524 5.657
201803 4.468 249.554 5.912
201806 3.950 251.989 5.176
201809 2.581 252.439 3.376
201812 11.939 251.233 15.692
201903 4.510 254.202 5.859
201906 3.193 256.143 4.116
201909 2.995 256.759 3.852
201912 3.757 256.974 4.828
202003 3.737 258.115 4.781
202006 2.939 257.797 3.765
202009 2.133 260.280 2.706
202012 2.310 260.474 2.928
202103 2.987 264.877 3.724
202106 3.274 271.696 3.979
202109 3.752 274.310 4.517
202112 2.725 278.802 3.227
202203 1.773 287.504 2.036
202206 0.000 296.311 0.000
202209 0.003 296.808 0.003
202212 0.008 296.797 0.009
202303 0.030 301.836 0.033
202306 0.012 305.109 0.013
202309 0.003 307.789 0.003
202312 0.005 306.746 0.005
202403 0.006 312.332 0.006
202406 0.007 314.175 0.007
202409 0.033 315.301 0.035
202412 0.075 315.605 0.078
202503 0.016 319.799 0.017
202506 0.006 322.561 0.006
202509 0.028 324.800 0.028
202512 0.026 324.054 0.026
202603 0.020 330.213 0.020

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of NT$13.02 mean?
Trust-Search (ROCO:3115) has a Cyclically Adjusted Revenue per Share of NT$13.02 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Trust-Search and its competitors.
Is Trust-Search's Cyclically Adjusted Revenue per Share too high?
Trust-Search's current Cyclically Adjusted Revenue per Share is NT$13.02. Overall, Trust-Search has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Trust-Search's Cyclically Adjusted Revenue per Share compare to APH and GLW?
Trust-Search's Cyclically Adjusted Revenue per Share of NT$13.02 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Trust-Search and its competitors. Trust-Search's current Cyclically Adjusted Revenue per Share is NT$13.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trust-Search stock overvalued right now?
Based on GuruFocus' analysis, Trust-Search (ROCO:3115) is currently considered Possible Value Trap. The stock's GF Value™ is NT$16.23, compared to a current price of NT$9.50 — trading 41.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$13.02. Trust-Search's overall GF Score™ is 54/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Trust-Search (ROCO:3115), the current Cyclically Adjusted Revenue per Share is NT$13.02 as of Mar. 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 Trust-Search (ROCO:3115) Overvalued in 2026?

Based on GuruFocus' analysis, Trust-Search stock appears to be undervalued. The current stock price of NT$9.50 is trading 41.5% below its estimated GF Value™ of NT$16.23. GuruFocus considers Trust-Search to be Possible Value Trap.

Key valuation signals for ROCO:3115:

  • Cyclically Adjusted Revenue per Share: NT$13.02
  • GF Value™: NT$16.23 vs. price of NT$9.50 (41.5% below fair value)
  • GF Score™: 54/100 with 4 warning signs

No single metric tells the full story. See the ROCO:3115 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Trust-Search Business Description

Address Chengde Road, 6th Floor, No.172, Section 4, Taipei, TWN, 111
Trust-Search Corp is engaged in the manufacture and sale of electronic components, electronic materials, and other metal products. The company's products include: Phosphor Copper Ball, and Electronic Component. It has a single operating segment: the non-ferrous metal procurement service segment.
54GF Score

Get the complete analysis for ROCO:3115

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

NT$9.50
Price
NT$16.23
GF Value