Asia Electronic Material Co (ROCO:4939) Cyclically Adjusted Revenue per Share: NT$20.39 (As of Mar. 2026)

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ROCO:4939 Asia Electronic Material Co Ltd ROCO:4939
48 GF Score
Price NT$60.80
GF Value NT$18.58
Valuation Significantly Overvalued
! 11 Warning Signs
View Full Analysis

What is Asia Electronic Material Co Cyclically Adjusted Revenue per Share?

Asia Electronic Material Co ROCO:4939 -0.98% 48 Cyclically Adjusted Revenue per Share is NT$20.39 as of Mar. 2026. GuruFocus rates ROCO:4939 with a GF Score™ of 48/100 and a GF Value™ of NT$18.58 (Significantly Overvalued). The stock has 11 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.

Asia Electronic Material Co's adjusted revenue per share for the three months ended in Mar. 2026 was NT$3.202. 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$20.39 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Asia Electronic Material Co's average Cyclically Adjusted Revenue Growth Rate was 0.10% 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 0.50% 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 Asia Electronic Material Co was 2.30% per year. The lowest was -1.10% per year. And the median was 0.70% per year.

As of today (2026-08-09), Asia Electronic Material Co's current stock price is NT$60.80. Asia Electronic Material Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$20.39. Asia Electronic Material Co's Cyclically Adjusted PS Ratio of today is 2.98.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Asia Electronic Material Co was 3.25. The lowest was 0.43. And the median was 0.99.


Asia Electronic Material Co  (ROCO:4939) 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.

Asia Electronic Material Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=60.80/20.39
=2.98

* 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 Asia Electronic Material Co was 3.25. The lowest was 0.43. And the median was 0.99.


Be Aware

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


Asia Electronic Material Co Cyclically Adjusted Revenue per Share Related Terms


Asia Electronic Material Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Asia Electronic Material 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.

Asia Electronic Material Co Cyclically Adjusted Revenue per Share Chart

Asia Electronic Material 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 20.25 20.75 20.68 20.25 20.08

Asia Electronic Material 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 20.36 20.37 20.29 20.08 20.39

ROCO:4939 vs APH, GLW, TEL: Cyclically Adjusted Revenue per Share Comparison

For the Electronic Components subindustry, Asia Electronic Material 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.


Asia Electronic Material Co Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Asia Electronic Material Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ROCO:4939
48GF Score
Asia Electronic Material Co Ltd ROCO:4939
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Electronic Material 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, Asia Electronic Material 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)
=3.202/330.2130*330.2130
=3.202

Current CPI (Mar. 2026) = 330.2130.

Asia Electronic Material Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.180 241.018 4.357
201609 4.241 241.428 5.801
201612 4.333 241.432 5.926
201703 3.191 243.801 4.322
201706 3.623 244.955 4.884
201709 4.954 246.819 6.628
201712 4.447 246.524 5.957
201803 3.887 249.554 5.143
201806 5.130 251.989 6.722
201809 6.222 252.439 8.139
201812 4.418 251.233 5.807
201903 3.782 254.202 4.913
201906 4.403 256.143 5.676
201909 5.558 256.759 7.148
201912 4.989 256.974 6.411
202003 3.312 258.115 4.237
202006 3.932 257.797 5.037
202009 5.305 260.280 6.730
202012 5.121 260.474 6.492
202103 4.522 264.877 5.637
202106 4.750 271.696 5.773
202109 5.539 274.310 6.668
202112 4.968 278.802 5.884
202203 4.363 287.504 5.011
202206 4.217 296.311 4.699
202209 4.289 296.808 4.772
202212 3.813 296.797 4.242
202303 3.198 301.836 3.499
202306 3.716 305.109 4.022
202309 4.535 307.789 4.865
202312 4.293 306.746 4.621
202403 3.551 312.332 3.754
202406 3.793 314.175 3.987
202409 4.044 315.301 4.235
202412 3.802 315.605 3.978
202503 3.415 319.799 3.526
202506 3.592 322.561 3.677
202509 3.814 324.800 3.878
202512 3.591 324.054 3.659
202603 3.202 330.213 3.202

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$20.39 mean?
Asia Electronic Material Co (ROCO:4939) has a Cyclically Adjusted Revenue per Share of NT$20.39 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 Asia Electronic Material Co and its competitors.
Is Asia Electronic Material Co's Cyclically Adjusted Revenue per Share too high?
Asia Electronic Material Co's current Cyclically Adjusted Revenue per Share is NT$20.39. Overall, Asia Electronic Material Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Electronic Material Co's Cyclically Adjusted Revenue per Share compare to APH and GLW?
Asia Electronic Material Co's Cyclically Adjusted Revenue per Share of NT$20.39 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 Asia Electronic Material Co and its competitors. Asia Electronic Material Co's current Cyclically Adjusted Revenue per Share is NT$20.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Electronic Material Co stock overvalued right now?
Based on GuruFocus' analysis, Asia Electronic Material Co (ROCO:4939) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.58, compared to a current price of NT$60.80 — trading 227.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$20.39. Asia Electronic Material Co's overall GF Score™ is 48/100 with 11 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 Asia Electronic Material Co (ROCO:4939), the current Cyclically Adjusted Revenue per Share is NT$20.39 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 Asia Electronic Material Co (ROCO:4939) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Electronic Material Co stock appears to be overvalued. The current stock price of NT$60.80 is trading 227.2% above its estimated GF Value™ of NT$18.58. GuruFocus considers Asia Electronic Material Co to be Significantly Overvalued.

Key valuation signals for ROCO:4939:

  • Cyclically Adjusted Revenue per Share: NT$20.39
  • GF Value™: NT$18.58 vs. price of NT$60.80 (227.2% above fair value)
  • GF Score™: 48/100 with 11 warning signs

No single metric tells the full story. See the ROCO:4939 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia Electronic Material Co Business Description

Address No. 3, HuanKe 1st Road, 6th Floor-7, Hsinchu County, Zhubei, TWN, 302
Asia Electronic Material Co Ltd is engaged in manufacture of electronic products and sale of electronic materials. Geographically, the company operates in Taiwan, China, and Other Countries, of which it derives maximum revenue from China. it mainly researches, develops, manufactures and markets flexible copper clad laminate (FCCL), coverlay (CL), stiffener and bonding sheet. Its products are used in Mobile phones, smart phones, digital cameras, laptop PCs, tablet PCs, LCD monitors, printer inkjet heads, hard drive heads, a variety of flat panel displays, touch modules, antenna panels, batteries and LED backlight module light bar etc.
48GF Score

Get the complete analysis for ROCO:4939

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

NT$60.80
Price
NT$18.58
GF Value