Chian Hsing Forging Ind Co (ROCO:4528) Cyclically Adjusted PS Ratio: (As of Sep. 21, 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.

ROCO:4528 Chian Hsing Forging Ind Co Ltd ROCO:4528
62 GF Score
Price NT$14.85
GF Value NT$19.54
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Chian Hsing Forging Ind Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Chian Hsing Forging Ind Co  (ROCO:4528) 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.


Chian Hsing Forging Ind Co Cyclically Adjusted PS Ratio Related Terms


Chian Hsing Forging Ind Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Chian Hsing Forging Ind Co'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.

Chian Hsing Forging Ind Co Cyclically Adjusted PS Ratio Chart

Chian Hsing Forging Ind Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.30 0.98 0.92 0.70 0.51

Chian Hsing Forging Ind Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.51 0.56 0.50 0.52 0.46

ROCO:4528 vs ORLY, AZO, GPC: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, Chian Hsing Forging Ind Co'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.


Chian Hsing Forging Ind Co Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chian Hsing Forging Ind Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Chian Hsing Forging Ind Co's Cyclically Adjusted PS Ratio falls into.


ROCO:4528
62GF Score
Chian Hsing Forging Ind Co Ltd ROCO:4528
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chian Hsing Forging Ind Co 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.

Chian Hsing Forging Ind Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Chian Hsing Forging Ind Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.286/333.9520*333.9520
=4.286

Current CPI (Jun. 2026) = 333.9520.

Chian Hsing Forging Ind Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.470 241.428 8.950
201612 7.520 241.432 10.402
201703 6.678 243.801 9.147
201706 7.803 244.955 10.638
201709 8.881 246.819 12.016
201712 9.164 246.524 12.414
201803 8.100 249.554 10.839
201806 8.564 251.989 11.350
201809 8.617 252.439 11.399
201812 8.129 251.233 10.805
201903 8.791 254.202 11.549
201906 9.478 256.143 12.357
201909 9.854 256.759 12.817
201912 8.106 256.974 10.534
202003 5.793 258.115 7.495
202006 5.973 257.797 7.737
202009 7.151 260.280 9.175
202012 7.968 260.474 10.216
202103 7.385 264.877 9.311
202106 8.025 271.696 9.864
202109 7.157 274.310 8.713
202112 7.539 278.802 9.030
202203 7.476 287.504 8.684
202206 6.028 296.311 6.794
202209 8.007 296.808 9.009
202212 7.361 296.797 8.282
202303 5.662 301.836 6.264
202306 5.340 305.109 5.845
202309 5.891 307.789 6.392
202312 6.258 306.746 6.813
202403 5.036 312.332 5.385
202406 5.043 314.175 5.360
202409 5.262 315.301 5.573
202412 5.016 315.605 5.308
202503 4.448 319.799 4.645
202506 4.683 322.561 4.848
202509 4.431 324.800 4.556
202512 5.221 324.054 5.380
202603 4.201 330.213 4.249
202606 4.286 333.952 4.286

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.

Is Chian Hsing Forging Ind Co (ROCO:4528) Overvalued in 2026?

Based on GuruFocus' analysis, Chian Hsing Forging Ind Co stock appears to be undervalued. The current stock price of NT$14.85 is trading 24% below its estimated GF Value™ of NT$19.54. GuruFocus considers Chian Hsing Forging Ind Co to be Modestly Undervalued.

Key valuation signals for ROCO:4528:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$19.54 vs. price of NT$14.85 (24% below fair value)
  • GF Score™: 62/100 with 5 warning signs

No single metric tells the full story. See the ROCO:4528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chian Hsing Forging Ind Co Business Description

Address No.3-1, Xiehe S. Lane, Xitun District, Taichung City, TWN, 407
Chian Hsing Forging Ind Co Ltd manufactures a variety of forged products. The company is engaged in Auto parts forging, manufacturing, and processing. The products of the company include Track related products, automobile parts, motorbike parts, bicycle parts, mechanical parts, hardware tools, and pneumatic chisels. Geographically, the company operates in China, Taiwan, United States and others.
62GF Score

Get the complete analysis for ROCO:4528

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

NT$14.85
Price
NT$19.54
GF Value