Forward Electronics Co (ROCO:8085) Cyclically Adjusted Revenue per Share: NT$8.48 (As of Dec. 2025)

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ROCO:8085 Forward Electronics Co Ltd ROCO:8085
42 GF Score
Price NT$11.10
GF Value NT$29.78
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Forward Electronics Co Cyclically Adjusted Revenue per Share?

Forward Electronics Co ROCO:8085 +1.37% 42 Cyclically Adjusted Revenue per Share is NT$8.48 as of Dec. 2025. GuruFocus rates ROCO:8085 with a GF Score™ of 42/100 and a GF Value™ of NT$29.78 (Possible Value Trap). The stock has 4 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.

Forward Electronics Co's adjusted revenue per share for the three months ended in Dec. 2025 was NT$1.244. 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$8.48 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Forward Electronics Co's average Cyclically Adjusted Revenue Growth Rate was -11.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -15.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -16.10% 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 Forward Electronics Co was -15.80% per year. The lowest was -17.60% per year. And the median was -17.15% per year.

As of today (2026-08-01), Forward Electronics Co's current stock price is NT$11.10. Forward Electronics Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$8.48. Forward Electronics Co's Cyclically Adjusted PS Ratio of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Forward Electronics Co was 9.11. The lowest was 0.15. And the median was 1.43.


Forward Electronics Co  (ROCO:8085) 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.

Forward Electronics Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=11.10/8.48
=1.31

* 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 Forward Electronics Co was 9.11. The lowest was 0.15. And the median was 1.43.


Be Aware

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


Forward Electronics Co Cyclically Adjusted Revenue per Share Related Terms


Forward Electronics Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Forward Electronics 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.

Forward Electronics Co Cyclically Adjusted Revenue per Share Chart

Forward Electronics 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 17.02 14.23 10.87 9.54 8.48

Forward Electronics Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 9.54 9.34 9.09 8.80 8.48

ROCO:8085 vs APH, GLW, TEL: Cyclically Adjusted Revenue per Share Comparison

For the Electronic Components subindustry, Forward Electronics 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.


Forward Electronics Co Cyclically Adjusted PS Ratio vs Hardware Industry

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

* The bar in red indicates where Forward Electronics Co's Cyclically Adjusted PS Ratio falls into.


ROCO:8085
42GF Score
Forward Electronics Co Ltd ROCO:8085
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forward Electronics 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, Forward Electronics Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=1.244/324.0540*324.0540
=1.244

Current CPI (Dec. 2025) = 324.0540.

Forward Electronics Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 2.413 238.132 3.284
201606 2.826 241.018 3.800
201609 2.724 241.428 3.656
201612 2.224 241.432 2.985
201703 2.081 243.801 2.766
201706 2.652 244.955 3.508
201709 2.430 246.819 3.190
201712 2.558 246.524 3.362
201803 2.232 249.554 2.898
201806 2.546 251.989 3.274
201809 2.951 252.439 3.788
201812 2.520 251.233 3.250
201903 2.175 254.202 2.773
201906 1.490 256.143 1.885
201909 1.616 256.759 2.040
201912 1.464 256.974 1.846
202003 1.231 258.115 1.545
202006 1.232 257.797 1.549
202009 1.474 260.280 1.835
202012 1.705 260.474 2.121
202103 1.665 264.877 2.037
202106 1.770 271.696 2.111
202109 1.719 274.310 2.031
202112 1.426 278.802 1.657
202203 1.538 287.504 1.734
202206 1.376 296.311 1.505
202209 1.793 296.808 1.958
202212 1.623 296.797 1.772
202303 1.499 301.836 1.609
202306 1.453 305.109 1.543
202309 1.147 307.789 1.208
202312 1.051 306.746 1.110
202403 0.997 312.332 1.034
202406 1.067 314.175 1.101
202409 1.229 315.301 1.263
202412 1.045 315.605 1.073
202503 1.126 319.799 1.141
202506 1.180 322.561 1.185
202509 1.171 324.800 1.168
202512 1.244 324.054 1.244

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$8.48 mean?
Forward Electronics Co (ROCO:8085) has a Cyclically Adjusted Revenue per Share of NT$8.48 as of Dec. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Forward Electronics Co and its competitors.
Is Forward Electronics Co's Cyclically Adjusted Revenue per Share too high?
Forward Electronics Co's current Cyclically Adjusted Revenue per Share is NT$8.48. Overall, Forward Electronics Co has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Electronics Co's Cyclically Adjusted Revenue per Share compare to APH and GLW?
Forward Electronics Co's Cyclically Adjusted Revenue per Share of NT$8.48 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 Forward Electronics Co and its competitors. Forward Electronics Co's current Cyclically Adjusted Revenue per Share is NT$8.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Forward Electronics Co (ROCO:8085) is currently considered Possible Value Trap. The stock's GF Value™ is NT$29.78, compared to a current price of NT$11.10 — trading 62.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$8.48. Forward Electronics Co's overall GF Score™ is 42/100 with 4 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 Forward Electronics Co (ROCO:8085), the current Cyclically Adjusted Revenue per Share is NT$8.48 as of Dec. 2025. 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 Forward Electronics Co (ROCO:8085) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Electronics Co stock appears to be undervalued. The current stock price of NT$11.10 is trading 62.7% below its estimated GF Value™ of NT$29.78. GuruFocus considers Forward Electronics Co to be Possible Value Trap.

Key valuation signals for ROCO:8085:

  • Cyclically Adjusted Revenue per Share: NT$8.48
  • GF Value™: NT$29.78 vs. price of NT$11.10 (62.7% below fair value)
  • GF Score™: 42/100 with 4 warning signs

No single metric tells the full story. See the ROCO:8085 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forward Electronics Co Business Description

Address No. 22, Section 3, Zhongshan North Road, Zhongshan District, Taipei, TWN
Forward Electronics Co Ltd is engaged in the manufacturing, development, and sales of backlight modules, liquid crystal display modules, switches, variable resistors, sensors, and bit generators, Produces peripheral products for information appliances, including game consoles, vehicle anti-collision systems, and lighting products as well as carbon credits development, carbon neutral consulting, and energy storage solutions. Company has divided its business into three segments Optoelectronic segment, Electronics components products segment and Electronics applications products segment. Geographically, company has it's presence in Mainland China, Taiwan and others.
42GF Score

Get the complete analysis for ROCO:8085

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

NT$11.10
Price
NT$29.78
GF Value