Tecom Co (TPE:2321) Cyclically Adjusted Revenue per Share: NT$140.78 (As of Dec. 2025)

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TPE:2321 Tecom Co Ltd TPE:2321
57 GF Score
Price NT$15.30
GF Value NT$12.85
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Tecom Co Cyclically Adjusted Revenue per Share?

Tecom Co TPE:2321 +2.00% 57 Cyclically Adjusted Revenue per Share is NT$140.78 as of Dec. 2025. GuruFocus rates TPE:2321 with a GF Score™ of 57/100 and a GF Value™ of NT$12.85 (Modestly Overvalued). 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.

Tecom Co's adjusted revenue per share for the three months ended in Dec. 2025 was NT$8.079. 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$140.78 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Tecom Co's average Cyclically Adjusted Revenue Growth Rate was -19.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -20.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -17.50% 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 Tecom Co was -12.80% per year. The lowest was -20.00% per year. And the median was -16.80% per year.

As of today (2026-08-07), Tecom Co's current stock price is NT$15.30. Tecom Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$140.78. Tecom Co's Cyclically Adjusted PS Ratio of today is 0.11.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Tecom Co was 0.13. The lowest was 0.03. And the median was 0.07.


Tecom Co  (TPE:2321) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=15.30/140.78
=0.11

* 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 Tecom Co was 0.13. The lowest was 0.03. And the median was 0.07.


Be Aware

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


Tecom Co Cyclically Adjusted Revenue per Share Related Terms


Tecom Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Tecom 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.

Tecom Co Cyclically Adjusted Revenue per Share Chart

Tecom 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 317.02 275.25 219.06 172.06 140.78

Tecom 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 172.06 166.28 161.00 150.02 140.78

TPE:2321 vs CSCO, MSI, HPE: Cyclically Adjusted Revenue per Share Comparison

For the Communication Equipment subindustry, Tecom 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.


Tecom Co Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:2321
57GF Score
Tecom Co Ltd TPE:2321
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tecom 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, Tecom 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)
=8.079/324.0540*324.0540
=8.079

Current CPI (Dec. 2025) = 324.0540.

Tecom Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 70.879 238.132 96.453
201606 77.593 241.018 104.325
201609 60.293 241.428 80.928
201612 82.477 241.432 110.702
201703 53.802 243.801 71.512
201706 48.689 244.955 64.411
201709 64.726 246.819 84.980
201712 43.892 246.524 57.696
201803 41.887 249.554 54.392
201806 39.913 251.989 51.328
201809 48.274 252.439 61.969
201812 41.072 251.233 52.977
201903 31.574 254.202 40.250
201906 32.330 256.143 40.902
201909 20.672 256.759 26.090
201912 26.370 256.974 33.254
202003 17.763 258.115 22.301
202006 18.441 257.797 23.181
202009 20.270 260.280 25.237
202012 17.275 260.474 21.492
202103 17.485 264.877 21.391
202106 20.260 271.696 24.164
202109 19.389 274.310 22.905
202112 18.783 278.802 21.832
202203 6.183 287.504 6.969
202206 8.697 296.311 9.511
202209 14.853 296.808 16.216
202212 7.605 296.797 8.303
202303 12.825 301.836 13.769
202306 14.531 305.109 15.433
202309 14.560 307.789 15.329
202312 15.803 306.746 16.695
202403 11.584 312.332 12.019
202406 12.334 314.175 12.722
202409 8.668 315.301 8.909
202412 11.756 315.605 12.071
202503 12.327 319.799 12.491
202506 12.467 322.561 12.525
202509 12.130 324.800 12.102
202512 8.079 324.054 8.079

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$140.78 mean?
Tecom Co (TPE:2321) has a Cyclically Adjusted Revenue per Share of NT$140.78 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 Tecom Co and its competitors.
Is Tecom Co's Cyclically Adjusted Revenue per Share too high?
Tecom Co's current Cyclically Adjusted Revenue per Share is NT$140.78. Overall, Tecom Co has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tecom Co's Cyclically Adjusted Revenue per Share compare to CSCO and MSI?
Tecom Co's Cyclically Adjusted Revenue per Share of NT$140.78 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 Tecom Co and its competitors. Tecom Co's current Cyclically Adjusted Revenue per Share is NT$140.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tecom Co stock overvalued right now?
Based on GuruFocus' analysis, Tecom Co (TPE:2321) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$12.85, compared to a current price of NT$15.30 — trading 19.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$140.78. Tecom Co's overall GF Score™ is 57/100 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 Tecom Co (TPE:2321), the current Cyclically Adjusted Revenue per Share is NT$140.78 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 Tecom Co (TPE:2321) Overvalued in 2026?

Based on GuruFocus' analysis, Tecom Co stock appears to be overvalued. The current stock price of NT$15.30 is trading 19.1% above its estimated GF Value™ of NT$12.85. GuruFocus considers Tecom Co to be Modestly Overvalued.

Key valuation signals for TPE:2321:

  • Cyclically Adjusted Revenue per Share: NT$140.78
  • GF Value™: NT$12.85 vs. price of NT$15.30 (19.1% above fair value)
  • GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the TPE:2321 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tecom Co Business Description

Address No. 23, Research and Development 2nd Road, Science Park, Hsinchu City, TWN, 300
Tecom Co Ltd is a Taiwan-based telecommunications equipment maker. The company specializes in providing communication convergence solutions for enterprise, carrier, and consumer markets. Its product portfolio includes smartphone business systems, business phone systems, carriers, smart home systems, smart video doorbells, vibration diagnoses, and (internet protocol) IP phones. The Group mainly derives it's revenue from business communication systems, smart electromechanics, and fiber optic cables. The company integrates voice communication, network communication, wireless communication, optical communication and mobile communication services. It operates in USA, Taiwan and Other countries.
57GF Score

Get the complete analysis for TPE:2321

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

NT$15.30
Price
NT$12.85
GF Value