Changs Ascending Enterprise Co (ROCO:8038) Cyclically Adjusted Revenue per Share: NT$4.15 (As of Mar. 2026)

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ROCO:8038 Changs Ascending Enterprise Co Ltd ROCO:8038
58 GF Score
Price NT$31.90
GF Value NT$89.25
Valuation Possible Value Trap
! 6 Warning Signs
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What is Changs Ascending Enterprise Co Cyclically Adjusted Revenue per Share?

Changs Ascending Enterprise Co ROCO:8038 +1.59% 58 Cyclically Adjusted Revenue per Share is NT$4.15 as of Mar. 2026. GuruFocus rates ROCO:8038 with a GF Score™ of 58/100 and a GF Value™ of NT$89.25 (Possible Value Trap). 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.

Changs Ascending Enterprise Co's adjusted revenue per share for the three months ended in Mar. 2026 was NT$2.610. 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$4.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Changs Ascending Enterprise Co'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 15.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.90% 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 Changs Ascending Enterprise Co was 15.20% per year. The lowest was 6.90% per year. And the median was 8.30% per year.

As of today (2026-08-05), Changs Ascending Enterprise Co's current stock price is NT$31.90. Changs Ascending Enterprise Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$4.15. Changs Ascending Enterprise Co's Cyclically Adjusted PS Ratio of today is 7.69.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Changs Ascending Enterprise Co was 22.73. The lowest was 6.07. And the median was 13.53.


Changs Ascending Enterprise Co  (ROCO:8038) 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.

Changs Ascending Enterprise Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=31.90/4.15
=7.69

* 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 Changs Ascending Enterprise Co was 22.73. The lowest was 6.07. And the median was 13.53.


Be Aware

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


Changs Ascending Enterprise Co Cyclically Adjusted Revenue per Share Related Terms


Changs Ascending Enterprise Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Changs Ascending Enterprise 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.

Changs Ascending Enterprise Co Cyclically Adjusted Revenue per Share Chart

Changs Ascending Enterprise 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 2.44 2.59 2.96 3.10 3.96

Changs Ascending Enterprise 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 3.17 3.41 3.74 3.96 4.15

ROCO:8038 vs VRT, BE: Cyclically Adjusted Revenue per Share Comparison

For the Electrical Equipment & Parts subindustry, Changs Ascending Enterprise 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.


Changs Ascending Enterprise Co Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changs Ascending Enterprise Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Changs Ascending Enterprise Co's Cyclically Adjusted PS Ratio falls into.


ROCO:8038
58GF Score
Changs Ascending Enterprise Co Ltd ROCO:8038
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Changs Ascending Enterprise 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, Changs Ascending Enterprise 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)
=2.61/330.2130*330.2130
=2.610

Current CPI (Mar. 2026) = 330.2130.

Changs Ascending Enterprise Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.016 241.018 1.392
201609 0.669 241.428 0.915
201612 0.211 241.432 0.289
201703 0.084 243.801 0.114
201706 0.098 244.955 0.132
201709 0.065 246.819 0.087
201712 0.068 246.524 0.091
201803 0.067 249.554 0.089
201806 0.089 251.989 0.117
201809 0.237 252.439 0.310
201812 0.995 251.233 1.308
201903 1.549 254.202 2.012
201906 1.343 256.143 1.731
201909 1.427 256.759 1.835
201912 1.262 256.974 1.622
202003 0.853 258.115 1.091
202006 0.856 257.797 1.096
202009 0.396 260.280 0.502
202012 0.297 260.474 0.377
202103 0.202 264.877 0.252
202106 0.124 271.696 0.151
202109 0.513 274.310 0.618
202112 0.271 278.802 0.321
202203 0.284 287.504 0.326
202206 0.344 296.311 0.383
202209 0.764 296.808 0.850
202212 2.108 296.797 2.345
202303 1.670 301.836 1.827
202306 2.195 305.109 2.376
202309 0.470 307.789 0.504
202312 0.995 306.746 1.071
202403 0.362 312.332 0.383
202406 0.213 314.175 0.224
202409 0.813 315.301 0.851
202412 1.442 315.605 1.509
202503 0.605 319.799 0.625
202506 2.583 322.561 2.644
202509 3.386 324.800 3.442
202512 2.985 324.054 3.042
202603 2.610 330.213 2.610

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$4.15 mean?
Changs Ascending Enterprise Co (ROCO:8038) has a Cyclically Adjusted Revenue per Share of NT$4.15 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 Changs Ascending Enterprise Co and its competitors.
Is Changs Ascending Enterprise Co's Cyclically Adjusted Revenue per Share too high?
Changs Ascending Enterprise Co's current Cyclically Adjusted Revenue per Share is NT$4.15. Overall, Changs Ascending Enterprise Co has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Changs Ascending Enterprise Co's Cyclically Adjusted Revenue per Share compare to VRT and BE?
Changs Ascending Enterprise Co's Cyclically Adjusted Revenue per Share of NT$4.15 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Cyclically Adjusted Revenue per Share depends on the Industrial Products 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 Changs Ascending Enterprise Co and its competitors. Changs Ascending Enterprise Co's current Cyclically Adjusted Revenue per Share is NT$4.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changs Ascending Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co (ROCO:8038) is currently considered Possible Value Trap. The stock's GF Value™ is NT$89.25, compared to a current price of NT$31.90 — trading 64.3% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$4.15. Changs Ascending Enterprise Co's overall GF Score™ is 58/100 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 Changs Ascending Enterprise Co (ROCO:8038), the current Cyclically Adjusted Revenue per Share is NT$4.15 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 Changs Ascending Enterprise Co (ROCO:8038) Overvalued in 2026?

Based on GuruFocus' analysis, Changs Ascending Enterprise Co stock appears to be undervalued. The current stock price of NT$31.90 is trading 64.3% below its estimated GF Value™ of NT$89.25. GuruFocus considers Changs Ascending Enterprise Co to be Possible Value Trap.

Key valuation signals for ROCO:8038:

  • Cyclically Adjusted Revenue per Share: NT$4.15
  • GF Value™: NT$89.25 vs. price of NT$31.90 (64.3% below fair value)
  • GF Score™: 58/100 with 6 warning signs

No single metric tells the full story. See the ROCO:8038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Changs Ascending Enterprise Co Business Description

Address No. 9 Keya East Road, Central Science Park, Xitun District, Taichung, TWN
Changs Ascending Enterprise Co Ltd is engaged in the manufacturing, research, and development of lithium-iron batteries and its materials, as well as technology transfer and leasing, and sales of battery modules. The company derives maximum revenue from Lithium-iron battery modules.
58GF Score

Get the complete analysis for ROCO:8038

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

NT$31.90
Price
NT$89.25
GF Value