TPK Holding Co (TPE:3673) Cyclically Adjusted FCF per Share: NT$16.01 (As of Dec. 2025)

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:3673 TPK Holding Co Ltd TPE:3673
52 GF Score
Price NT$65.50
GF Value NT$30.38
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is TPK Holding Co Cyclically Adjusted FCF per Share?

TPK Holding Co TPE:3673 -8.52% 52 Cyclically Adjusted FCF per Share is NT$16.01 as of Dec. 2025. GuruFocus rates TPE:3673 with a GF Score™ of 52/100 and a GF Value™ of NT$30.38 (Significantly Overvalued). The stock has 8 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.

TPK Holding Co's adjusted free cash flow per share for the three months ended in Dec. 2025 was NT$11.149. 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$16.01 for the trailing ten years ended in Dec. 2025.

During the past 12 months, TPK Holding Co's average Cyclically Adjusted FCF Growth Rate was 10.80% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 15.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 20.10% 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 TPK Holding Co was 52.30% per year. The lowest was 15.90% per year. And the median was 23.65% per year.

As of today (2026-07-18), TPK Holding Co's current stock price is NT$65.50. TPK Holding Co's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2025 was NT$16.01. TPK Holding Co's Cyclically Adjusted Price-to-FCF of today is 4.09.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of TPK Holding Co was 51.72. The lowest was 1.90. And the median was 4.15.


TPK Holding Co  (TPE:3673) 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.

TPK Holding Co's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=65.50/16.01
=4.09

* 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 TPK Holding Co was 51.72. The lowest was 1.90. And the median was 4.15.


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.


TPK Holding Co Cyclically Adjusted FCF per Share Related Terms


TPK Holding Co Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for TPK Holding Co'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.

TPK Holding Co Cyclically Adjusted FCF per Share Chart

TPK Holding Co 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 9.11 10.29 13.92 14.45 16.01

TPK Holding Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 14.45 14.43 16.26 15.04 16.01

TPE:3673 vs APH, GLW: Cyclically Adjusted FCF per Share Comparison

For the Electronic Components subindustry, TPK Holding Co'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.


TPK Holding Co Cyclically Adjusted Price-to-FCF vs Hardware Industry

For the Hardware industry and Technology sector, TPK Holding Co's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where TPK Holding Co's Cyclically Adjusted Price-to-FCF falls into.


TPE:3673
52GF Score
TPK Holding Co Ltd TPE:3673
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TPK Holding Co 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, TPK Holding Co's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=11.149/324.0540*324.0540
=11.149

Current CPI (Dec. 2025) = 324.0540.

TPK Holding Co Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201603 11.177 238.132 15.210
201606 -1.173 241.018 -1.577
201609 8.387 241.428 11.257
201612 8.064 241.432 10.824
201703 4.514 243.801 6.000
201706 7.609 244.955 10.066
201709 8.543 246.819 11.216
201712 15.626 246.524 20.540
201803 -5.053 249.554 -6.561
201806 0.162 251.989 0.208
201809 -1.627 252.439 -2.089
201812 2.210 251.233 2.851
201903 -10.316 254.202 -13.151
201906 8.452 256.143 10.693
201909 -0.953 256.759 -1.203
201912 10.701 256.974 13.494
202003 -3.536 258.115 -4.439
202006 13.036 257.797 16.386
202009 -8.841 260.280 -11.007
202012 11.346 260.474 14.115
202103 -2.025 264.877 -2.477
202106 6.965 271.696 8.307
202109 -2.845 274.310 -3.361
202112 -0.807 278.802 -0.938
202203 -1.206 287.504 -1.359
202206 6.663 296.311 7.287
202209 -2.087 296.808 -2.279
202212 5.139 296.797 5.611
202303 8.738 301.836 9.381
202306 7.965 305.109 8.460
202309 2.945 307.789 3.101
202312 4.873 306.746 5.148
202403 -3.100 312.332 -3.216
202406 7.235 314.175 7.462
202409 -4.420 315.301 -4.543
202412 10.255 315.605 10.530
202503 -5.113 319.799 -5.181
202506 6.067 322.561 6.095
202509 -1.901 324.800 -1.897
202512 11.149 324.054 11.149

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$16.01 mean?
TPK Holding Co (TPE:3673) has a Cyclically Adjusted FCF per Share of NT$16.01 as of Dec. 2025. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on TPK Holding Co and its competitors.
Is TPK Holding Co's Cyclically Adjusted FCF per Share too high?
TPK Holding Co's current Cyclically Adjusted FCF per Share is NT$16.01. Overall, TPK Holding Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TPK Holding Co's Cyclically Adjusted FCF per Share compare to APH and GLW?
TPK Holding Co's Cyclically Adjusted FCF per Share of NT$16.01 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 FCF per Share for a Hardware company?
A good Cyclically Adjusted FCF per Share depends on the Hardware 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 TPK Holding Co and its competitors. TPK Holding Co's current Cyclically Adjusted FCF per Share is NT$16.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPK Holding Co stock overvalued right now?
Based on GuruFocus' analysis, TPK Holding Co (TPE:3673) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$30.38, compared to a current price of NT$65.50 — trading 115.6% above its estimated fair value. The current Cyclically Adjusted FCF per Share is NT$16.01. TPK Holding Co's overall GF Score™ is 52/100 with 8 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 TPK Holding Co (TPE:3673), the current Cyclically Adjusted FCF per Share is NT$16.01 as of Dec. 2025. 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 TPK Holding Co (TPE:3673) Overvalued in 2026?

Based on GuruFocus' analysis, TPK Holding Co stock appears to be overvalued. The current stock price of NT$65.50 is trading 115.6% above its estimated GF Value™ of NT$30.38. GuruFocus considers TPK Holding Co to be Significantly Overvalued.

Key valuation signals for TPE:3673:

  • Cyclically Adjusted FCF per Share: NT$16.01
  • GF Value™: NT$30.38 vs. price of NT$65.50 (115.6% above fair value)
  • GF Score™: 52/100 with 8 warning signs

No single metric tells the full story. See the TPE:3673 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TPK Holding Co Business Description

Address No.18, Lane 13, Section 6, Min Quan East Road, Neihu District, Taipei, TWN
TPK Holding Co Ltd is mainly engaged in the business of developing, manufacturing and selling touch modules, touch display and indium tin oxide (ITO)glass-related products, etc. The company's segments are Touch Modules, and Others. The company generates majority of revenue from Touch Modules segment. The Group operate in three principal geographical areas - Taiwan, China, the United States and Thailand.
52GF Score

Get the complete analysis for TPE:3673

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

NT$65.50
Price
NT$30.38
GF Value