Higher Way Electronic Co (ROCO:3268) Cyclically Adjusted Revenue per Share: NT$35.93 (As of Mar. 2026)

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ROCO:3268 Higher Way Electronic Co Ltd ROCO:3268
53 GF Score
Price NT$20.00
GF Value NT$22.23
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Higher Way Electronic Co Cyclically Adjusted Revenue per Share?

Higher Way Electronic Co ROCO:3268 -2.20% 53 Cyclically Adjusted Revenue per Share is NT$35.93 as of Mar. 2026. GuruFocus rates ROCO:3268 with a GF Score™ of 53/100 and a GF Value™ of NT$22.23 (Modestly Undervalued). The stock has 6 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.

Higher Way Electronic Co's adjusted revenue per share for the three months ended in Mar. 2026 was NT$6.173. 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$35.93 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Higher Way Electronic Co's average Cyclically Adjusted Revenue Growth Rate was 2.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.20% 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 Higher Way Electronic Co was 5.20% per year. The lowest was 1.10% per year. And the median was 2.45% per year.

As of today (2026-08-12), Higher Way Electronic Co's current stock price is NT$20.00. Higher Way Electronic Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$35.93. Higher Way Electronic Co's Cyclically Adjusted PS Ratio of today is 0.56.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Higher Way Electronic Co was 1.37. The lowest was 0.29. And the median was 0.64.


Higher Way Electronic Co  (ROCO:3268) 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.

Higher Way Electronic Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=20.00/35.93
=0.56

* 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 Higher Way Electronic Co was 1.37. The lowest was 0.29. And the median was 0.64.


Be Aware

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


Higher Way Electronic Co Cyclically Adjusted Revenue per Share Related Terms


Higher Way Electronic Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Higher Way Electronic Co'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.

Higher Way Electronic Co Cyclically Adjusted Revenue per Share Chart

Higher Way Electronic Co 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 31.89 34.09 34.94 34.86 35.26

Higher Way Electronic Co 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 35.23 35.33 35.62 35.26 35.93

ROCO:3268 vs NVDA, AVGO, MU: Cyclically Adjusted Revenue per Share Comparison

For the Semiconductors subindustry, Higher Way Electronic Co'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.


Higher Way Electronic Co Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

* The bar in red indicates where Higher Way Electronic Co's Cyclically Adjusted PS Ratio falls into.


ROCO:3268
53GF Score
Higher Way Electronic Co Ltd ROCO:3268
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Higher Way Electronic Co 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, Higher Way Electronic Co'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)
=6.173/330.2130*330.2130
=6.173

Current CPI (Mar. 2026) = 330.2130.

Higher Way Electronic Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 6.670 241.018 9.138
201609 5.692 241.428 7.785
201612 6.204 241.432 8.485
201703 6.145 243.801 8.323
201706 8.602 244.955 11.596
201709 7.831 246.819 10.477
201712 6.817 246.524 9.131
201803 5.499 249.554 7.276
201806 7.374 251.989 9.663
201809 6.343 252.439 8.297
201812 5.333 251.233 7.010
201903 5.645 254.202 7.333
201906 7.607 256.143 9.807
201909 7.367 256.759 9.475
201912 7.239 256.974 9.302
202003 4.886 258.115 6.251
202006 7.069 257.797 9.055
202009 11.549 260.280 14.652
202012 11.326 260.474 14.358
202103 9.146 264.877 11.402
202106 10.753 271.696 13.069
202109 12.085 274.310 14.548
202112 11.565 278.802 13.698
202203 8.789 287.504 10.095
202206 9.809 296.311 10.931
202209 6.529 296.808 7.264
202212 5.912 296.797 6.578
202303 5.418 301.836 5.927
202306 9.371 305.109 10.142
202309 7.718 307.789 8.280
202312 6.994 306.746 7.529
202403 5.274 312.332 5.576
202406 8.108 314.175 8.522
202409 7.758 315.301 8.125
202412 5.903 315.605 6.176
202503 5.142 319.799 5.309
202506 8.365 322.561 8.563
202509 7.811 324.800 7.941
202512 5.921 324.054 6.034
202603 6.173 330.213 6.173

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$35.93 mean?
Higher Way Electronic Co (ROCO:3268) has a Cyclically Adjusted Revenue per Share of NT$35.93 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 Higher Way Electronic Co and its competitors.
Is Higher Way Electronic Co's Cyclically Adjusted Revenue per Share too high?
Higher Way Electronic Co's current Cyclically Adjusted Revenue per Share is NT$35.93. Overall, Higher Way Electronic Co has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Higher Way Electronic Co's Cyclically Adjusted Revenue per Share compare to NVDA and AVGO?
Higher Way Electronic Co's Cyclically Adjusted Revenue per Share of NT$35.93 can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Cyclically Adjusted Revenue per Share depends on the Semiconductors 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 Higher Way Electronic Co and its competitors. Higher Way Electronic Co's current Cyclically Adjusted Revenue per Share is NT$35.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Higher Way Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Higher Way Electronic Co (ROCO:3268) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$22.23, compared to a current price of NT$20.00 — trading 10% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$35.93. Higher Way Electronic Co's overall GF Score™ is 53/100 with 6 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 Higher Way Electronic Co (ROCO:3268), the current Cyclically Adjusted Revenue per Share is NT$35.93 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 Higher Way Electronic Co (ROCO:3268) Overvalued in 2026?

Based on GuruFocus' analysis, Higher Way Electronic Co stock appears to be undervalued. The current stock price of NT$20.00 is trading 10% below its estimated GF Value™ of NT$22.23. GuruFocus considers Higher Way Electronic Co to be Modestly Undervalued.

Key valuation signals for ROCO:3268:

  • Cyclically Adjusted Revenue per Share: NT$35.93
  • GF Value™: NT$22.23 vs. price of NT$20.00 (10% below fair value)
  • GF Score™: 53/100 with 6 warning signs

No single metric tells the full story. See the ROCO:3268 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Higher Way Electronic Co Business Description

Address 14F-6, No. 925, Taiwan Avenue, Section 4, Xitun District, Taichung, TWN
Higher Way Electronic Co Ltd is engaged in providing IC chip integration services and embedded system. Its products include multi-media controller ICs, speech, and music ICs, memory device ICs, optoelectronic devices, LCD controller ICs, and others.
53GF Score

Get the complete analysis for ROCO:3268

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

NT$20.00
Price
NT$22.23
GF Value