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Good Will Instrument CoTPE:2423 -6.05%76 PS Ratio is 3.86 as of Jul. 19, 2026, which is 154% above its 10-year median of 1.52. GuruFocus rates TPE:2423 with a GF Score™ of 76/100 and a GF Value™ of NT$41.47 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,474 Hardware companies, Good Will Instrument Co ranks worse than 70.01% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Good Will Instrument Co's share price is NT$77.70.
Good Will Instrument Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was NT$20.15. Hence, Good Will Instrument Co's PS Ratio for today is 3.86.
Warning Sign:
Good Will Instrument Co Ltd stock PS Ratio (=3.85) is close to 10-year high of 4.08.
The historical rank and industry rank for Good Will Instrument Co's PS Ratio or its related term are showing as below:
TPE:2423'
s PS Ratio Range Over the Past 10 Years
Min: 1.15 Med: 1.52 Max: 4.08
Current: 3.86
During the past 13 years, Good Will Instrument Co's highest PS Ratio was 4.08. The lowest was 1.15. And the median was 1.52.
TPE:2423's PS Ratio is ranked worse than 70.01% of 2474
companies
in the Hardware industry
Industry Median: 1.81
vs TPE:2423: 3.86
Good Will Instrument Co Ltd has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of Good Will Instrument Co was 5.60% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 0.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 4.30% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 3.30% per year.
During the past 13 years, Good Will Instrument Co's highest 3-Year average Revenue per Share Growth Rate was 9.40% per year. The lowest was 0.10% per year. And the median was 3.80% per year.
Back to Basics: PS Ratio
Good Will Instrument Co (TPE:2423) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* 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.
For the Scientific & Technical Instruments subindustry, Good Will Instrument Co's PS Ratio, along with its competitors' market caps and 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.
Good Will Instrument Co PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Good Will Instrument Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where Good Will Instrument Co's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Good Will Instrument Co's Share Price of today is NT$77.70. Good Will Instrument Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$20.15.
* 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.
It can also be calculated from the numbers for the whole company:
Good Will Instrument Co (TPE:2423) has a PS Ratio of 3.86 as of Jul. 19, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Good Will Instrument Co and its competitors. This is 154% above median its historical median of 1.52. Over the past decade, Good Will Instrument Co's PS Ratio has ranged from 1.15 to 4.08. According to the industry distribution chart, Good Will Instrument Co ranks #1732 out of 2474 companies in the Hardware industry, placing it in the top 70%.
Is Good Will Instrument Co's PS Ratio too high?
Good Will Instrument Co's current PS Ratio of 3.86 is 154% above median its 10-year median of 1.52. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 4.08. The Hardware industry median PS Ratio is 1.81. Good Will Instrument Co's value of 3.86 is 113.3% above this industry median. Based on the distribution chart, Good Will Instrument Co ranks #1732 out of 2474 companies in the Hardware industry, which is below the industry midpoint. Overall, Good Will Instrument Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Will Instrument Co's PS Ratio compare to COHR and KEYS?
According to the Hardware industry distribution chart, Good Will Instrument Co ranks #1732 out of 2474 companies for PS Ratio. This places Good Will Instrument Co in the lower half of its industry. The industry median PS Ratio is 1.81. Good Will Instrument Co's value of 3.86 is 113.3% above this benchmark. Historically, Good Will Instrument Co's own PS Ratio has ranged from 1.15 to 4.08 over the past decade. While the company's 10-year median is 1.52 vs. the industry median of 1.81, Good Will Instrument Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for a Hardware company?
The median PS Ratio among Hardware companies is 1.81, based on 2,474 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Good Will Instrument Co's current PS Ratio of 3.86 is 113.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Good Will Instrument Co and its competitors. For the Hardware industry, the median PS Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Will Instrument Co's current PS Ratio is 3.86, which is 154% above median its own 10-year median of 1.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Will Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Good Will Instrument Co (TPE:2423) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.47, compared to a current price of NT$77.70 — trading 87.4% above its estimated fair value. The current PS Ratio is 3.86, which is 154% above median its 10-year median of 1.52 and 113.3% above the Hardware industry median of 1.81. Good Will Instrument Co's overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Good Will Instrument Co (TPE:2423), the current PS Ratio is 3.86 as of Jul. 19, 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 Good Will Instrument Co (TPE:2423) Overvalued in 2026?
Based on GuruFocus' analysis, Good Will Instrument Co stock appears to be overvalued.
The current stock price of NT$77.70 is trading 87.4% above its estimated GF Value™ of NT$41.47.
GuruFocus considers Good Will Instrument Co to be Significantly Overvalued.
Key valuation signals for TPE:2423:
PS Ratio: 3.86 (154% above median its 10-year median of 1.52)
GF Value™: NT$41.47 vs. price of NT$77.70 (87.4% above fair value)
Industry Position: 113.3% above the Hardware median (#1732 of 2474)
No single metric tells the full story. See the TPE:2423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Good Will Instrument Co Ltd manufactures and sells electrical testing instruments, communication equipment, and related products. Its products include oscilloscopes, spectrum analyzers, signal sources, power supplies, public broadcasting and video monitoring systems, environmental testing equipment, constant temperature and humidity equipment, and vibration test equipment, among others. Geographically, the company generates a majority of its revenue from China and the rest from Japan, Taiwan, America, Europe, and other countries.
76GF Score
Get the complete analysis for TPE:2423
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