Winbond Electronics (TPE:2344) Cyclically Adjusted Revenue per Share: NT$20.56 (As of Mar. 2026)

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TPE:2344 Winbond Electronics Corp TPE:2344
64 GF Score
Price NT$161.00
GF Value NT$48.61
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Winbond Electronics Cyclically Adjusted Revenue per Share?

Winbond Electronics TPE:2344 -5.85% 64 Cyclically Adjusted Revenue per Share is NT$20.56 as of Mar. 2026. GuruFocus rates TPE:2344 with a GF Score™ of 64/100 and a GF Value™ of NT$48.61 (Significantly 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.

Winbond Electronics's adjusted revenue per share for the three months ended in Mar. 2026 was NT$8.494. 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$20.56 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Winbond Electronics's average Cyclically Adjusted Revenue Growth Rate was 8.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.30% 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 Winbond Electronics was 13.80% per year. The lowest was 6.60% per year. And the median was 9.70% per year.

As of today (2026-07-24), Winbond Electronics's current stock price is NT$161.00. Winbond Electronics's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$20.56. Winbond Electronics's Cyclically Adjusted PS Ratio of today is 7.83.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Winbond Electronics was 10.63. The lowest was 0.74. And the median was 1.48.


Winbond Electronics  (TPE:2344) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=161.00/20.56
=7.83

* 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 Winbond Electronics was 10.63. The lowest was 0.74. And the median was 1.48.


Be Aware

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


Winbond Electronics Cyclically Adjusted Revenue per Share Related Terms


Winbond Electronics Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Winbond Electronics'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.

Winbond Electronics Cyclically Adjusted Revenue per Share Chart

Winbond Electronics 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 14.11 16.25 17.54 18.61 19.71

Winbond Electronics 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 18.96 19.25 19.53 19.71 20.56

TPE:2344 vs NVDA, AVGO, MU: Cyclically Adjusted Revenue per Share Comparison

For the Semiconductors subindustry, Winbond Electronics'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.


Winbond Electronics Cyclically Adjusted PS Ratio vs Semiconductors Industry

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

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


TPE:2344
64GF Score
Winbond Electronics Corp TPE:2344
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Winbond Electronics 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, Winbond Electronics'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)
=8.494/330.2130*330.2130
=8.494

Current CPI (Mar. 2026) = 330.2130.

Winbond Electronics Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.849 241.018 3.903
201609 2.836 241.428 3.879
201612 3.073 241.432 4.203
201703 2.861 243.801 3.875
201706 3.167 244.955 4.269
201709 3.427 246.819 4.585
201712 3.484 246.524 4.667
201803 2.996 249.554 3.964
201806 3.315 251.989 4.344
201809 3.356 252.439 4.390
201812 2.912 251.233 3.827
201903 2.684 254.202 3.487
201906 3.060 256.143 3.945
201909 3.341 256.759 4.297
201912 3.070 256.974 3.945
202003 2.847 258.115 3.642
202006 3.175 257.797 4.067
202009 3.801 260.280 4.822
202012 5.017 260.474 6.360
202103 5.256 264.877 6.552
202106 6.234 271.696 7.577
202109 6.630 274.310 7.981
202112 6.409 278.802 7.591
202203 6.518 287.504 7.486
202206 6.546 296.311 7.295
202209 5.455 296.808 6.069
202212 4.888 296.797 5.438
202303 4.356 301.836 4.766
202306 4.738 305.109 5.128
202309 5.128 307.789 5.502
202312 4.826 306.746 5.195
202403 4.814 312.332 5.090
202406 5.112 314.175 5.373
202409 4.736 315.301 4.960
202412 4.152 315.605 4.344
202503 4.443 319.799 4.588
202506 4.644 322.561 4.754
202509 4.808 324.800 4.888
202512 5.912 324.054 6.024
202603 8.494 330.213 8.494

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$20.56 mean?
Winbond Electronics (TPE:2344) has a Cyclically Adjusted Revenue per Share of NT$20.56 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 Winbond Electronics and its competitors.
Is Winbond Electronics' Cyclically Adjusted Revenue per Share too high?
Winbond Electronics' current Cyclically Adjusted Revenue per Share is NT$20.56. Overall, Winbond Electronics has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Winbond Electronics' Cyclically Adjusted Revenue per Share compare to NVDA and AVGO?
Winbond Electronics' Cyclically Adjusted Revenue per Share of NT$20.56 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 Winbond Electronics and its competitors. Winbond Electronics's current Cyclically Adjusted Revenue per Share is NT$20.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winbond Electronics stock overvalued right now?
Based on GuruFocus' analysis, Winbond Electronics (TPE:2344) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$48.61, compared to a current price of NT$161.00 — trading 231.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$20.56. Winbond Electronics' overall GF Score™ is 64/100 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 Winbond Electronics (TPE:2344), the current Cyclically Adjusted Revenue per Share is NT$20.56 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 Winbond Electronics (TPE:2344) Overvalued in 2026?

Based on GuruFocus' analysis, Winbond Electronics stock appears to be overvalued. The current stock price of NT$161.00 is trading 231.2% above its estimated GF Value™ of NT$48.61. GuruFocus considers Winbond Electronics to be Significantly Overvalued.

Key valuation signals for TPE:2344:

  • Cyclically Adjusted Revenue per Share: NT$20.56
  • GF Value™: NT$48.61 vs. price of NT$161.00 (231.2% above fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the TPE:2344 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Winbond Electronics Business Description

Address No. 8, Keya 1st Road, Daya District, Taichung, TWN
Winbond Electronics Corp is engaged in the design, development, manufacture, and marketing of very large scale integration (VLSI) integrated circuits (ICs) used in a variety of microelectronic applications. In addition, it offers customised memory solutions like Mobile RAM and Specialty DRAM, and core storage flash memory products. The company's operating segments are Customized Memory Solution product, Flash Memory product, and Logic IC product. Maximum revenue is generated from the Flash Memory product segment, which engages mainly in the manufacturing, selling, researching, designing and after-sales service of Flash Memory product. Geographically, the company generates maximum revenue from Asia, followed by America, Europe, and Other regions.
64GF Score

Get the complete analysis for TPE:2344

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

NT$161.00
Price
NT$48.61
GF Value