Asia Optical Co (TPE:3019) Cyclically Adjusted Revenue per Share: NT$83.83 (As of Mar. 2026)

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TPE:3019 Asia Optical Co Inc TPE:3019
87 GF Score
Price NT$133.50
GF Value NT$146.42
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Asia Optical Co Cyclically Adjusted Revenue per Share?

Asia Optical Co TPE:3019 +0.75% 87 Cyclically Adjusted Revenue per Share is NT$83.83 as of Mar. 2026. GuruFocus rates TPE:3019 with a GF Score™ of 87/100 and a GF Value™ of NT$146.42 (Fairly Valued). The stock has 2 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.

Asia Optical Co's adjusted revenue per share for the three months ended in Mar. 2026 was NT$22.054. 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$83.83 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Asia Optical Co's average Cyclically Adjusted Revenue Growth Rate was 4.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.20% 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 Asia Optical Co was 2.10% per year. The lowest was -0.90% per year. And the median was 1.90% per year.

As of today (2026-07-28), Asia Optical Co's current stock price is NT$133.50. Asia Optical Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$83.83. Asia Optical Co's Cyclically Adjusted PS Ratio of today is 1.59.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Asia Optical Co was 2.58. The lowest was 0.72. And the median was 1.04.


Asia Optical Co  (TPE:3019) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=133.50/83.83
=1.59

* 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 Asia Optical Co was 2.58. The lowest was 0.72. And the median was 1.04.


Be Aware

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


Asia Optical Co Cyclically Adjusted Revenue per Share Related Terms


Asia Optical Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Asia Optical 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.

Asia Optical Co Cyclically Adjusted Revenue per Share Chart

Asia Optical 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 74.83 76.92 77.34 79.19 81.81

Asia Optical 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 80.24 81.12 81.70 81.81 83.83

TPE:3019 vs APH, GLW, TEL: Cyclically Adjusted Revenue per Share Comparison

For the Electronic Components subindustry, Asia Optical 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.


Asia Optical Co Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


TPE:3019
87GF Score
Asia Optical Co Inc TPE:3019
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Asia Optical 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, Asia Optical 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)
=22.054/330.2130*330.2130
=22.054

Current CPI (Mar. 2026) = 330.2130.

Asia Optical Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 16.983 241.018 23.268
201609 18.478 241.428 25.273
201612 15.446 241.432 21.126
201703 13.348 243.801 18.079
201706 18.502 244.955 24.942
201709 18.109 246.819 24.228
201712 16.442 246.524 22.024
201803 14.448 249.554 19.118
201806 18.045 251.989 23.647
201809 18.096 252.439 23.671
201812 16.910 251.233 22.226
201903 14.529 254.202 18.873
201906 17.976 256.143 23.174
201909 17.536 256.759 22.553
201912 14.108 256.974 18.129
202003 10.400 258.115 13.305
202006 13.693 257.797 17.539
202009 16.122 260.280 20.454
202012 15.523 260.474 19.679
202103 16.739 264.877 20.868
202106 18.431 271.696 22.401
202109 18.984 274.310 22.853
202112 19.850 278.802 23.510
202203 15.789 287.504 18.134
202206 17.164 296.311 19.128
202209 17.943 296.808 19.962
202212 16.278 296.797 18.111
202303 13.636 301.836 14.918
202306 15.756 305.109 17.052
202309 16.862 307.789 18.090
202312 17.012 306.746 18.313
202403 15.245 312.332 16.118
202406 20.011 314.175 21.033
202409 24.132 315.301 25.273
202412 22.604 315.605 23.650
202503 19.271 319.799 19.899
202506 24.557 322.561 25.140
202509 25.012 324.800 25.429
202512 24.580 324.054 25.047
202603 22.054 330.213 22.054

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$83.83 mean?
Asia Optical Co (TPE:3019) has a Cyclically Adjusted Revenue per Share of NT$83.83 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 Asia Optical Co and its competitors.
Is Asia Optical Co's Cyclically Adjusted Revenue per Share too high?
Asia Optical Co's current Cyclically Adjusted Revenue per Share is NT$83.83. Overall, Asia Optical Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Optical Co's Cyclically Adjusted Revenue per Share compare to APH and GLW?
Asia Optical Co's Cyclically Adjusted Revenue per Share of NT$83.83 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 Asia Optical Co and its competitors. Asia Optical Co's current Cyclically Adjusted Revenue per Share is NT$83.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Optical Co stock overvalued right now?
Based on GuruFocus' analysis, Asia Optical Co (TPE:3019) is currently considered Fairly Valued. The stock's GF Value™ is NT$146.42, compared to a current price of NT$133.50 — trading 8.8% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is NT$83.83. Asia Optical Co's overall GF Score™ is 87/100 with 2 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 Asia Optical Co (TPE:3019), the current Cyclically Adjusted Revenue per Share is NT$83.83 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 Asia Optical Co (TPE:3019) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Optical Co stock appears to be undervalued. The current stock price of NT$133.50 is trading 8.8% below its estimated GF Value™ of NT$146.42. GuruFocus considers Asia Optical Co to be Fairly Valued.

Key valuation signals for TPE:3019:

  • Cyclically Adjusted Revenue per Share: NT$83.83
  • GF Value™: NT$146.42 vs. price of NT$133.50 (8.8% below fair value)
  • GF Score™: 87/100 with 2 warning signs

No single metric tells the full story. See the TPE:3019 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Asia Optical Co Business Description

Address No. 22-3, South 2nd Road, Tanzi District, Taichung, TWN, 427058
Asia Optical Co Inc is engaged in the manufacturing and sale of cameras, rangefinders, riflescopes, photocopier lens, scanner lens and optical components. The companies reportable segments included optical components, contact image sensor modules, optronics components, optronics products and digital camera. The majority of the revenue is generated from optical components. The company operates in two principal geographical areas Asia and America.
87GF Score

Get the complete analysis for TPE:3019

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

NT$133.50
Price
NT$146.42
GF Value