Merry Electronics Co (TPE:2439) Cyclically Adjusted Revenue per Share: NT$185.73 (As of Jun. 2026)

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TPE:2439 Merry Electronics Co Ltd TPE:2439
81 GF Score
Price NT$78.00
GF Value NT$124.65
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Merry Electronics Co Cyclically Adjusted Revenue per Share?

Merry Electronics Co TPE:2439 +1.83% 81 Cyclically Adjusted Revenue per Share is NT$185.73 as of Jun. 2026. GuruFocus rates TPE:2439 with a GF Score™ of 81/100 and a GF Value™ of NT$124.65 (Significantly Undervalued). 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.

Merry Electronics Co's adjusted revenue per share for the three months ended in Jun. 2026 was NT$38.469. 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$185.73 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Merry Electronics Co's average Cyclically Adjusted Revenue Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 10.80% 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 Merry Electronics Co was 14.70% per year. The lowest was 8.10% per year. And the median was 13.10% per year.

As of today (2026-09-17), Merry Electronics Co's current stock price is NT$78.00. Merry Electronics Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$185.73. Merry Electronics Co's Cyclically Adjusted PS Ratio of today is 0.42.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Merry Electronics Co was 2.12. The lowest was 0.41. And the median was 0.72.


Merry Electronics Co  (TPE:2439) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=78.00/185.725
=0.42

* 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 Merry Electronics Co was 2.12. The lowest was 0.41. And the median was 0.72.


Be Aware

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


Merry Electronics Co Cyclically Adjusted Revenue per Share Related Terms


Merry Electronics Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Merry 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.

Merry Electronics Co Cyclically Adjusted Revenue per Share Chart

Merry 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 120.49 137.43 149.05 161.41 174.25

Merry Electronics Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 170.81 174.53 176.76 182.38 185.73

TPE:2439 vs AAPL: Cyclically Adjusted Revenue per Share Comparison

For the Consumer Electronics subindustry, Merry 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.


Merry Electronics Co Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:2439
81GF Score
Merry Electronics Co Ltd TPE:2439
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merry 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, Merry Electronics Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=38.469/333.9520*333.9520
=38.469

Current CPI (Jun. 2026) = 333.9520.

Merry Electronics Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 24.760 241.428 34.249
201612 30.120 241.432 41.662
201703 22.610 243.801 30.971
201706 26.903 244.955 36.677
201709 32.511 246.819 43.988
201712 51.410 246.524 69.642
201803 21.889 249.554 29.292
201806 33.531 251.989 44.437
201809 55.030 252.439 72.799
201812 66.304 251.233 88.135
201903 33.867 254.202 44.492
201906 44.950 256.143 58.605
201909 44.636 256.759 58.056
201912 39.401 256.974 51.204
202003 24.638 258.115 31.877
202006 28.497 257.797 36.915
202009 44.793 260.280 57.472
202012 56.057 260.474 71.870
202103 36.761 264.877 46.348
202106 35.978 271.696 44.222
202109 35.016 274.310 42.629
202112 47.832 278.802 57.294
202203 24.917 287.504 28.942
202206 33.159 296.311 37.371
202209 45.374 296.808 51.052
202212 41.864 296.797 47.105
202303 29.175 301.836 32.279
202306 34.250 305.109 37.488
202309 38.721 307.789 42.012
202312 47.426 306.746 51.632
202403 33.653 312.332 35.983
202406 41.600 314.175 44.219
202409 48.402 315.301 51.265
202412 45.657 315.605 48.311
202503 32.254 319.799 33.681
202506 41.142 322.561 42.595
202509 47.927 324.800 49.277
202512 51.011 324.054 52.569
202603 39.714 330.213 40.164
202606 38.469 333.952 38.469

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$185.73 mean?
Merry Electronics Co (TPE:2439) has a Cyclically Adjusted Revenue per Share of NT$185.73 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Merry Electronics Co and its competitors.
Is Merry Electronics Co's Cyclically Adjusted Revenue per Share too high?
Merry Electronics Co's current Cyclically Adjusted Revenue per Share is NT$185.73. Overall, Merry Electronics Co has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merry Electronics Co's Cyclically Adjusted Revenue per Share compare to AAPL?
Merry Electronics Co's Cyclically Adjusted Revenue per Share of NT$185.73 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 Merry Electronics Co and its competitors. Merry Electronics Co's current Cyclically Adjusted Revenue per Share is NT$185.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merry Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Merry Electronics Co (TPE:2439) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$124.65, compared to a current price of NT$78.00 — trading 37.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$185.73. Merry Electronics Co's overall GF Score™ is 81/100 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 Merry Electronics Co (TPE:2439), the current Cyclically Adjusted Revenue per Share is NT$185.73 as of Jun. 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 Merry Electronics Co (TPE:2439) Overvalued in 2026?

Based on GuruFocus' analysis, Merry Electronics Co stock appears to be undervalued. The current stock price of NT$78.00 is trading 37.4% below its estimated GF Value™ of NT$124.65. GuruFocus considers Merry Electronics Co to be Significantly Undervalued.

Key valuation signals for TPE:2439:

  • Cyclically Adjusted Revenue per Share: NT$185.73
  • GF Value™: NT$124.65 vs. price of NT$78.00 (37.4% below fair value)
  • GF Score™: 81/100 with 4 warning signs

No single metric tells the full story. See the TPE:2439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Merry Electronics Co Business Description

Address No. 22, 23 Road, Taichung Industrial Park, Nantun District, Taichung, TWN, 408213
Merry Electronics Co Ltd is a Taiwan-based company that is engaged in producing and selling products, including headsets, speakers, microphones, batteries, and personal sound amplifiers. The company's products are applied to a series of business areas, including mobile devices, audio visual devices, computer peripherals, consumer electronics, and healthcare. The company has service sites located around the world, including in Taiwan, Shenzhen, Singapore, Vietnam, Thailand and others.
81GF Score

Get the complete analysis for TPE:2439

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

NT$78.00
Price
NT$124.65
GF Value