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Taiwan Paiho (TPE:9938) Cyclically Adjusted PS Ratio : 1.29 (As of Jun. 10, 2024)


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What is Taiwan Paiho Cyclically Adjusted PS Ratio?

As of today (2024-06-10), Taiwan Paiho's current share price is NT$68.70. Taiwan Paiho's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was NT$53.09. Taiwan Paiho's Cyclically Adjusted PS Ratio for today is 1.29.

The historical rank and industry rank for Taiwan Paiho's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:9938' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.78   Max: 2.65
Current: 1.29

During the past years, Taiwan Paiho's highest Cyclically Adjusted PS Ratio was 2.65. The lowest was 0.91. And the median was 1.78.

TPE:9938's Cyclically Adjusted PS Ratio is ranked worse than
70.7% of 867 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.65 vs TPE:9938: 1.29

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.

Taiwan Paiho's adjusted revenue per share data for the three months ended in Mar. 2024 was NT$11.922. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is NT$53.09 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Paiho Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Taiwan Paiho's Cyclically Adjusted PS Ratio 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.

* Premium members only.

Taiwan Paiho Cyclically Adjusted PS Ratio Chart

Taiwan Paiho Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.33 1.92 1.85 1.14 1.11

Taiwan Paiho Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio 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 1.16 1.06 1.04 1.11 1.07

Competitive Comparison of Taiwan Paiho's Cyclically Adjusted PS Ratio

For the Textile Manufacturing subindustry, Taiwan Paiho'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.


Taiwan Paiho's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Taiwan Paiho's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Taiwan Paiho Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Taiwan Paiho's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=68.70/53.09
=1.29

* 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.

Taiwan Paiho's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Taiwan Paiho's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=11.922/131.7762*131.7762
=11.922

Current CPI (Mar. 2024) = 131.7762.

Taiwan Paiho Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 7.652 100.560 10.027
201409 7.460 100.428 9.789
201412 8.389 99.070 11.159
201503 7.195 99.621 9.517
201506 8.043 100.684 10.527
201509 7.952 100.392 10.438
201512 8.525 99.792 11.257
201603 8.370 100.470 10.978
201606 8.981 101.688 11.638
201609 9.136 101.861 11.819
201612 9.137 101.863 11.820
201703 9.385 102.862 12.023
201706 9.620 103.349 12.266
201709 10.577 104.136 13.384
201712 9.823 104.011 12.445
201803 9.684 105.290 12.120
201806 10.111 106.317 12.532
201809 10.600 106.507 13.115
201812 15.659 105.998 19.467
201903 14.562 107.251 17.892
201906 11.917 108.070 14.531
201909 12.503 108.329 15.209
201912 12.371 108.420 15.036
202003 15.399 108.902 18.634
202006 10.050 108.767 12.176
202009 11.384 109.815 13.661
202012 12.230 109.897 14.665
202103 15.660 111.754 18.466
202106 20.133 114.631 23.144
202109 11.679 115.734 13.298
202112 13.811 117.630 15.472
202203 14.285 121.301 15.519
202206 16.850 125.017 17.761
202209 13.409 125.227 14.110
202212 9.922 125.222 10.441
202303 10.067 127.348 10.417
202306 9.028 128.729 9.242
202309 12.067 129.860 12.245
202312 10.580 129.419 10.773
202403 11.922 131.776 11.922

Add all the adjusted revenue per share together and divide 10 will get our 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.


Taiwan Paiho  (TPE:9938) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Taiwan Paiho Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Taiwan Paiho's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Taiwan Paiho (TPE:9938) Business Description

Traded in Other Exchanges
N/A
Address
No. 575, Ho Kang Road, Hemei Township, Haoshuli, Changhua, TWN
Taiwan Paiho Ltd manufactures and sells touch fasteners, webbing, shoelaces, elastic, easy tape, and relevant peripheral materials as well as the sale of residential buildings constructed by entrusted construction contractors. It generates maximum revenue from Webbings.

Taiwan Paiho (TPE:9938) Headlines

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