Airtac International Group (TPE:1590) Cyclically Adjusted FCF per Share: NT$9.87 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:1590 Airtac International Group TPE:1590
99 GF Score
Price NT$1,405.00
GF Value NT$1,196.06
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Airtac International Group Cyclically Adjusted FCF per Share?

Airtac International Group TPE:1590 -1.75% 99 Cyclically Adjusted FCF per Share is NT$9.87 as of Mar. 2026. GuruFocus rates TPE:1590 with a GF Score™ of 99/100 and a GF Value™ of NT$1,196.06 (Modestly Overvalued). The stock has 7 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Airtac International Group's adjusted free cash flow per share for the three months ended in Mar. 2026 was NT$10.221. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is NT$9.87 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Airtac International Group's average Cyclically Adjusted FCF Growth Rate was 46.40% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Airtac International Group was 8.00% per year. The lowest was 8.00% per year. And the median was 8.00% per year.

As of today (2026-07-24), Airtac International Group's current stock price is NT$1405.00. Airtac International Group's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was NT$9.87. Airtac International Group's Cyclically Adjusted Price-to-FCF of today is 142.35.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Airtac International Group was 1428.57. The lowest was 100.91. And the median was 147.42.


Airtac International Group  (TPE:1590) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Airtac International Group's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1405.00/9.87
=142.35

* 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 Price-to-FCF of Airtac International Group was 1428.57. The lowest was 100.91. And the median was 147.42.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Airtac International Group Cyclically Adjusted FCF per Share Related Terms


Airtac International Group Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Airtac International Group's Cyclically Adjusted FCF 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.

Airtac International Group Cyclically Adjusted FCF per Share Chart

Airtac International Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.56 -3.42 0.84 5.72 8.87

Airtac International Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF 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 6.74 7.24 7.86 8.87 9.87

TPE:1590 vs GEV, ETN, PH: Cyclically Adjusted FCF per Share Comparison

For the Specialty Industrial Machinery subindustry, Airtac International Group's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Airtac International Group Cyclically Adjusted Price-to-FCF vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airtac International Group's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Airtac International Group's Cyclically Adjusted Price-to-FCF falls into.


TPE:1590
99GF Score
Airtac International Group TPE:1590
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Airtac International Group Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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, Airtac International Group's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=10.221/330.2130*330.2130
=10.221

Current CPI (Mar. 2026) = 330.2130.

Airtac International Group Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -1.208 241.018 -1.655
201609 -0.516 241.428 -0.706
201612 -0.620 241.432 -0.848
201703 -2.896 243.801 -3.922
201706 -8.276 244.955 -11.157
201709 -6.832 246.819 -9.140
201712 -1.021 246.524 -1.368
201803 -6.927 249.554 -9.166
201806 -2.055 251.989 -2.693
201809 -2.062 252.439 -2.697
201812 4.182 251.233 5.497
201903 0.300 254.202 0.390
201906 -0.708 256.143 -0.913
201909 6.971 256.759 8.965
201912 2.738 256.974 3.518
202003 2.085 258.115 2.667
202006 -0.745 257.797 -0.954
202009 1.773 260.280 2.249
202012 3.368 260.474 4.270
202103 -0.347 264.877 -0.433
202106 -1.360 271.696 -1.653
202109 0.058 274.310 0.070
202112 7.225 278.802 8.557
202203 -3.269 287.504 -3.755
202206 -3.806 296.311 -4.241
202209 3.542 296.808 3.941
202212 1.685 296.797 1.875
202303 0.739 301.836 0.808
202306 2.968 305.109 3.212
202309 9.955 307.789 10.680
202312 19.000 306.746 20.454
202403 4.530 312.332 4.789
202406 10.275 314.175 10.800
202409 11.260 315.301 11.793
202412 13.921 315.605 14.565
202503 4.181 319.799 4.317
202506 5.258 322.561 5.383
202509 5.343 324.800 5.432
202512 9.418 324.054 9.597
202603 10.221 330.213 10.221

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of NT$9.87 mean?
Airtac International Group (TPE:1590) has a Cyclically Adjusted FCF per Share of NT$9.87 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Airtac International Group and its competitors.
Is Airtac International Group's Cyclically Adjusted FCF per Share too high?
Airtac International Group's current Cyclically Adjusted FCF per Share is NT$9.87. Overall, Airtac International Group has a GF Score™ of 99/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Airtac International Group's Cyclically Adjusted FCF per Share compare to GEV and ETN?
Airtac International Group's Cyclically Adjusted FCF per Share of NT$9.87 can be compared against companies in the Industrial Products 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 FCF per Share for an Industrial Products company?
A good Cyclically Adjusted FCF per Share depends on the Industrial Products industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Airtac International Group and its competitors. Airtac International Group's current Cyclically Adjusted FCF per Share is NT$9.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtac International Group stock overvalued right now?
Based on GuruFocus' analysis, Airtac International Group (TPE:1590) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$1,196.06, compared to a current price of NT$1,405.00 — trading 17.5% above its estimated fair value. The current Cyclically Adjusted FCF per Share is NT$9.87. Airtac International Group's overall GF Score™ is 99/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Airtac International Group (TPE:1590), the current Cyclically Adjusted FCF per Share is NT$9.87 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 Airtac International Group (TPE:1590) Overvalued in 2026?

Based on GuruFocus' analysis, Airtac International Group stock appears to be overvalued. The current stock price of NT$1,405.00 is trading 17.5% above its estimated GF Value™ of NT$1,196.06. GuruFocus considers Airtac International Group to be Modestly Overvalued.

Key valuation signals for TPE:1590:

  • Cyclically Adjusted FCF per Share: NT$9.87
  • GF Value™: NT$1,196.06 vs. price of NT$1,405.00 (17.5% above fair value)
  • GF Score™: 99/100 with 7 warning signs

No single metric tells the full story. See the TPE:1590 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Airtac International Group Business Description

Address No. 10, Minsheng E. Road, 9th Floor, Sec. 3, Zhongshan District, Taipei City, TWN, 104511
Established in Taiwan in 1989, AirTAC International Group specializes in producing actuators, control components, air preparation products, and accessories, which are widely used in industrial automation, including industries such as electronics, energy & lighting, battery, packaging, automotive, general machinery, and textile. The firm is the second-largest pneumatic equipment manufacturer in China, with 30% market share. AirTAC generated more than 90% of sales from China in 2025.
99GF Score

Get the complete analysis for TPE:1590

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

NT$1,405.00
Price
NT$1,196.06
GF Value