Topco Technologies (ROCO:3388) Cyclically Adjusted Revenue per Share: NT$131.42 (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:3388 Topco Technologies Corp ROCO:3388
62 GF Score
Price NT$72.60
GF Value NT$67.34
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Topco Technologies Cyclically Adjusted Revenue per Share?

Topco Technologies ROCO:3388 -1.09% 62 Cyclically Adjusted Revenue per Share is NT$131.42 as of Mar. 2026. GuruFocus rates ROCO:3388 with a GF Score™ of 62/100 and a GF Value™ of NT$67.34 (Fairly Valued). The stock has 5 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.

Topco Technologies's adjusted revenue per share for the three months ended in Mar. 2026 was NT$24.412. 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$131.42 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Topco Technologies's average Cyclically Adjusted Revenue Growth Rate was -1.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -1.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.90% 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 Topco Technologies was 3.30% per year. The lowest was -1.70% per year. And the median was 1.70% per year.

As of today (2026-08-08), Topco Technologies's current stock price is NT$72.60. Topco Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$131.42. Topco Technologies's Cyclically Adjusted PS Ratio of today is 0.55.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Topco Technologies was 0.87. The lowest was 0.44. And the median was 0.54.


Topco Technologies  (ROCO:3388) 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.

Topco Technologies's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=72.60/131.42
=0.55

* 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 Topco Technologies was 0.87. The lowest was 0.44. And the median was 0.54.


Be Aware

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


Topco Technologies Cyclically Adjusted Revenue per Share Related Terms


Topco Technologies Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Topco Technologies'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.

Topco Technologies Cyclically Adjusted Revenue per Share Chart

Topco Technologies 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 130.05 137.06 135.43 132.73 130.05

Topco Technologies 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 133.17 132.81 132.08 130.05 131.42

ROCO:3388 vs LIN, SHW, ECL: Cyclically Adjusted Revenue per Share Comparison

For the Specialty Chemicals subindustry, Topco Technologies'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.


Topco Technologies Cyclically Adjusted PS Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Topco Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ROCO:3388
62GF Score
Topco Technologies Corp ROCO:3388
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Topco Technologies 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, Topco Technologies'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)
=24.412/330.2130*330.2130
=24.412

Current CPI (Mar. 2026) = 330.2130.

Topco Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 27.576 241.018 37.781
201609 30.146 241.428 41.232
201612 29.718 241.432 40.646
201703 27.848 243.801 37.718
201706 28.681 244.955 38.664
201709 31.412 246.819 42.025
201712 32.609 246.524 43.679
201803 31.910 249.554 42.224
201806 34.908 251.989 45.744
201809 35.231 252.439 46.085
201812 30.800 251.233 40.483
201903 23.762 254.202 30.867
201906 27.274 256.143 35.161
201909 27.743 256.759 35.680
201912 25.947 256.974 33.342
202003 23.649 258.115 30.255
202006 25.452 257.797 32.602
202009 28.109 260.280 35.661
202012 28.868 260.474 36.597
202103 29.676 264.877 36.996
202106 29.961 271.696 36.414
202109 33.219 274.310 39.989
202112 33.481 278.802 39.655
202203 31.700 287.504 36.409
202206 32.091 296.311 35.763
202209 29.040 296.808 32.308
202212 23.983 296.797 26.683
202303 20.508 301.836 22.436
202306 21.474 305.109 23.241
202309 22.311 307.789 23.936
202312 21.061 306.746 22.672
202403 20.884 312.332 22.080
202406 23.595 314.175 24.799
202409 24.307 315.301 25.457
202412 22.375 315.605 23.411
202503 21.914 319.799 22.628
202506 23.507 322.561 24.065
202509 22.321 324.800 22.693
202512 21.319 324.054 21.724
202603 24.412 330.213 24.412

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$131.42 mean?
Topco Technologies (ROCO:3388) has a Cyclically Adjusted Revenue per Share of NT$131.42 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 Topco Technologies and its competitors.
Is Topco Technologies' Cyclically Adjusted Revenue per Share too high?
Topco Technologies' current Cyclically Adjusted Revenue per Share is NT$131.42. Overall, Topco Technologies has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Topco Technologies' Cyclically Adjusted Revenue per Share compare to LIN and SHW?
Topco Technologies' Cyclically Adjusted Revenue per Share of NT$131.42 can be compared against companies in the Chemicals 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 Chemicals company?
A good Cyclically Adjusted Revenue per Share depends on the Chemicals 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 Topco Technologies and its competitors. Topco Technologies's current Cyclically Adjusted Revenue per Share is NT$131.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topco Technologies stock overvalued right now?
Based on GuruFocus' analysis, Topco Technologies (ROCO:3388) is currently considered Fairly Valued. The stock's GF Value™ is NT$67.34, compared to a current price of NT$72.60 — trading 7.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$131.42. Topco Technologies' overall GF Score™ is 62/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Topco Technologies (ROCO:3388), the current Cyclically Adjusted Revenue per Share is NT$131.42 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 Topco Technologies (ROCO:3388) Overvalued in 2026?

Based on GuruFocus' analysis, Topco Technologies stock appears to be overvalued. The current stock price of NT$72.60 is trading 7.8% above its estimated GF Value™ of NT$67.34. GuruFocus considers Topco Technologies to be Fairly Valued.

Key valuation signals for ROCO:3388:

  • Cyclically Adjusted Revenue per Share: NT$131.42
  • GF Value™: NT$67.34 vs. price of NT$72.60 (7.8% above fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the ROCO:3388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Topco Technologies Business Description

Address No.102, Sec. 4, Civic Boulevard, 14th Floor, Da-an District, Taipei, TWN, 10690
Topco Technologies Corp is engaged in the import and export business of products related to chemical materials and business of general trading activities. Its products include silicone oil, cosmetic raw materials, silicone rubber, silicone powder, conductive thermal material, grease, architectural curtains, sealant, and others. The company operates in three segments: Taipei Department, Overseas Department, and Taichung Department. The majority of its revenue is generated from the Overseas Department, which is responsible for the merchandising business of importing and exporting chemical material-related products according to different regions. Geographically, it operates in Taiwan and Mainland China.
62GF Score

Get the complete analysis for ROCO:3388

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

NT$72.60
Price
NT$67.34
GF Value