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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, Thinking Electronic Industrial Co's share price is NT$289.00.
Thinking Electronic Industrial Co's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2025 was NT$62.55. Hence, Thinking Electronic Industrial Co's PS Ratio for today is 4.62.
Warning Sign:
Thinking Electronic Industrial Co Ltd stock PS Ratio (=5.2) is close to 10-year high of 5.47.
During the past 13 years, Thinking Electronic Industrial Co's highest 3-Year average Revenue per Share Growth Rate was 11.70% per year. The lowest was -1.40% per year. And the median was 6.10% per year.
Back to Basics: PS Ratio
Thinking Electronic Industrial Co (TPE:2428) 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.
Thinking Electronic Industrial Co PS Ratio Related Terms
Thinking Electronic Industrial Co PS Ratio Historical Data
* 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 Electronic Components subindustry, Thinking Electronic Industrial 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.
Thinking Electronic Industrial Co PS Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Thinking Electronic Industrial Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where Thinking Electronic Industrial Co's PS Ratio falls into.
Thinking Electronic Industrial Co PS Ratio Calculation
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.
Thinking Electronic Industrial Co's Share Price of today is NT$289.00. Thinking Electronic Industrial 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$62.55.
* 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:
Thinking Electronic Industrial Co (TPE:2428) has a PS Ratio of 4.62 as of Jul. 16, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Thinking Electronic Industrial Co and its competitors. This is 97% above median its historical median of 2.35. Over the past decade, Thinking Electronic Industrial Co's PS Ratio has ranged from 1.24 to 5.47. According to the industry distribution chart, Thinking Electronic Industrial Co ranks #1811 out of 2474 companies in the Hardware industry, placing it in the top 73.2%.
Is Thinking Electronic Industrial Co's PS Ratio too high?
Thinking Electronic Industrial Co's current PS Ratio of 4.62 is 97% above median its 10-year median of 2.35. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 5.47. The Hardware industry median PS Ratio is 1.89. Thinking Electronic Industrial Co's value of 4.62 is 144.4% above this industry median. Based on the distribution chart, Thinking Electronic Industrial Co ranks #1811 out of 2474 companies in the Hardware industry, which is below the industry midpoint. Overall, Thinking Electronic Industrial Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thinking Electronic Industrial Co's PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Thinking Electronic Industrial Co ranks #1811 out of 2474 companies for PS Ratio. This places Thinking Electronic Industrial Co in the lower half of its industry. The industry median PS Ratio is 1.89. Thinking Electronic Industrial Co's value of 4.62 is 144.4% above this benchmark. Historically, Thinking Electronic Industrial Co's own PS Ratio has ranged from 1.24 to 5.47 over the past decade. While the company's 10-year median is 2.35 vs. the industry median of 1.89, Thinking Electronic Industrial 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 1.89, 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. Thinking Electronic Industrial Co's current PS Ratio of 4.62 is 144.4% 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 Thinking Electronic Industrial Co and its competitors. For the Hardware industry, the median PS Ratio is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinking Electronic Industrial Co's current PS Ratio is 4.62, which is 97% above median its own 10-year median of 2.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinking Electronic Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Thinking Electronic Industrial Co (TPE:2428) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$175.65, compared to a current price of NT$289.00 — trading 64.5% above its estimated fair value. The current PS Ratio is 4.62, which is 97% above median its 10-year median of 2.35 and 144.4% above the Hardware industry median of 1.89. Thinking Electronic Industrial Co's overall GF Score™ is 75/100 with 8 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 Thinking Electronic Industrial Co (TPE:2428), the current PS Ratio is 4.62 as of Jul. 16, 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 Thinking Electronic Industrial Co (TPE:2428) Overvalued in 2026?
Based on GuruFocus' analysis, Thinking Electronic Industrial Co stock appears to be overvalued.
The current stock price of NT$289.00 is trading 64.5% above its estimated GF Value™ of NT$175.65.
GuruFocus considers Thinking Electronic Industrial Co to be Significantly Overvalued.
Key valuation signals for TPE:2428:
PS Ratio: 4.62 (97% above median its 10-year median of 2.35)
GF Value™: NT$175.65 vs. price of NT$289.00 (64.5% above fair value)
Industry Position: 144.4% above the Hardware median (#1811 of 2474)
No single metric tells the full story. See the TPE:2428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thinking Electronic Industrial Co Business Description
Thinking Electronic Industrial Co Ltd manufactures, processes, and sells electric devices, thermistors, varistors, and wires. Its product portfolio comprises negative temperature coefficient thermistors, zinc oxide varistors, ceramic positive temperature thermistors, polymer positive temperature coefficient thermistors (Polymer PTC resettable fuse), temperature sensors, and gas discharge tubes, among others. The Group's reportable segments are: Thinking Electronic Industrial (the company), which generates the maximum revenue, Thinking Changzhou, Dongguan Welkin and Zhongshan Welkin Guangdong, Thinking Yichang, Jiangxi Thinking, and Others. Geographically, it generates maximum revenue from Greater China (including Taiwan), and the rest from Europe and other regions.
75GF Score
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