Etrend Hightech (ROCO:3567) Cyclically Adjusted Revenue per Share: NT$13.03 (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:3567 Etrend Hightech Corp ROCO:3567
71 GF Score
Price NT$25.95
GF Value NT$25.61
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Etrend Hightech Cyclically Adjusted Revenue per Share?

Etrend Hightech ROCO:3567 +0.97% 71 Cyclically Adjusted Revenue per Share is NT$13.03 as of Mar. 2026. GuruFocus rates ROCO:3567 with a GF Score™ of 71/100 and a GF Value™ of NT$25.61 (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.

Etrend Hightech's adjusted revenue per share for the three months ended in Mar. 2026 was NT$1.785. 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$13.03 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Etrend Hightech's average Cyclically Adjusted Revenue Growth Rate was -0.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.30% 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 Etrend Hightech was 4.70% per year. The lowest was 0.00% per year. And the median was 2.40% per year.

As of today (2026-08-04), Etrend Hightech's current stock price is NT$25.95. Etrend Hightech's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$13.03. Etrend Hightech's Cyclically Adjusted PS Ratio of today is 1.99.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Etrend Hightech was 3.41. The lowest was 1.47. And the median was 2.34.


Etrend Hightech  (ROCO:3567) 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.

Etrend Hightech's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=25.95/13.03
=1.99

* 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 Etrend Hightech was 3.41. The lowest was 1.47. And the median was 2.34.


Be Aware

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


Etrend Hightech Cyclically Adjusted Revenue per Share Related Terms


Etrend Hightech Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Etrend Hightech'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.

Etrend Hightech Cyclically Adjusted Revenue per Share Chart

Etrend Hightech 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 12.37 12.92 13.13 13.02 12.93

Etrend Hightech 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 13.08 13.07 13.06 12.93 13.03

ROCO:3567 vs NVDA, AVGO, MU: Cyclically Adjusted Revenue per Share Comparison

For the Semiconductors subindustry, Etrend Hightech'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.


Etrend Hightech Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Etrend Hightech's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ROCO:3567
71GF Score
Etrend Hightech Corp ROCO:3567
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Etrend Hightech 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, Etrend Hightech'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)
=1.785/330.2130*330.2130
=1.785

Current CPI (Mar. 2026) = 330.2130.

Etrend Hightech Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.416 241.018 3.310
201609 3.010 241.428 4.117
201612 3.328 241.432 4.552
201703 3.046 243.801 4.126
201706 2.705 244.955 3.646
201709 2.899 246.819 3.878
201712 3.024 246.524 4.051
201803 2.907 249.554 3.847
201806 2.850 251.989 3.735
201809 2.737 252.439 3.580
201812 3.009 251.233 3.955
201903 2.520 254.202 3.274
201906 2.485 256.143 3.204
201909 2.551 256.759 3.281
201912 2.829 256.974 3.635
202003 2.620 258.115 3.352
202006 2.708 257.797 3.469
202009 2.888 260.280 3.664
202012 3.021 260.474 3.830
202103 2.827 264.877 3.524
202106 3.138 271.696 3.814
202109 3.378 274.310 4.066
202112 3.327 278.802 3.940
202203 3.153 287.504 3.621
202206 3.050 296.311 3.399
202209 2.427 296.808 2.700
202212 2.083 296.797 2.318
202303 2.215 301.836 2.423
202306 3.076 305.109 3.329
202309 3.548 307.789 3.806
202312 2.777 306.746 2.989
202403 2.204 312.332 2.330
202406 2.476 314.175 2.602
202409 2.323 315.301 2.433
202412 2.210 315.605 2.312
202503 1.997 319.799 2.062
202506 1.866 322.561 1.910
202509 2.157 324.800 2.193
202512 2.212 324.054 2.254
202603 1.785 330.213 1.785

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$13.03 mean?
Etrend Hightech (ROCO:3567) has a Cyclically Adjusted Revenue per Share of NT$13.03 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 Etrend Hightech and its competitors.
Is Etrend Hightech's Cyclically Adjusted Revenue per Share too high?
Etrend Hightech's current Cyclically Adjusted Revenue per Share is NT$13.03. Overall, Etrend Hightech has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Etrend Hightech's Cyclically Adjusted Revenue per Share compare to NVDA and AVGO?
Etrend Hightech's Cyclically Adjusted Revenue per Share of NT$13.03 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 Etrend Hightech and its competitors. Etrend Hightech's current Cyclically Adjusted Revenue per Share is NT$13.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Etrend Hightech stock overvalued right now?
Based on GuruFocus' analysis, Etrend Hightech (ROCO:3567) is currently considered Fairly Valued. The stock's GF Value™ is NT$25.61, compared to a current price of NT$25.95 — trading 1.3% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$13.03. Etrend Hightech's overall GF Score™ is 71/100 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 Etrend Hightech (ROCO:3567), the current Cyclically Adjusted Revenue per Share is NT$13.03 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 Etrend Hightech (ROCO:3567) Overvalued in 2026?

Based on GuruFocus' analysis, Etrend Hightech stock appears to be overvalued. The current stock price of NT$25.95 is trading 1.3% above its estimated GF Value™ of NT$25.61. GuruFocus considers Etrend Hightech to be Fairly Valued.

Key valuation signals for ROCO:3567:

  • Cyclically Adjusted Revenue per Share: NT$13.03
  • GF Value™: NT$25.61 vs. price of NT$25.95 (1.3% above fair value)
  • GF Score™: 71/100 with 5 warning signs

No single metric tells the full story. See the ROCO:3567 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Etrend Hightech Business Description

Address No.35, Xintai Road, 1st Floor, 4th Floor, Zhubei, Hsin-chu, TWN, 302
Etrend Hightech Corp provides analog and mixed-signal integrated circuits testing services. Its services include test program development, probe card/load board/DUT board design, kit design, test process flow design and test production.
71GF Score

Get the complete analysis for ROCO:3567

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

NT$25.95
Price
NT$25.61
GF Value