Song Ho Industrial Co (ROCO:5016) Cyclically Adjusted PS Ratio: 0.42 (As of Aug. 06, 2026) — 14% Below Median

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ROCO:5016 Song Ho Industrial Co Ltd ROCO:5016
59 GF Score
Price NT$24.05
GF Value NT$26.89
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Song Ho Industrial Co Cyclically Adjusted PS Ratio?

Song Ho Industrial Co ROCO:5016 59 Cyclically Adjusted PS Ratio is 0.42 as of Aug. 06, 2026, which is 14% below its 10-year median of 0.49. GuruFocus rates ROCO:5016 with a GF Score™ of 59/100 and a GF Value™ of NT$26.89 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 515 Steel companies, Song Ho Industrial Co ranks better than 52.62% on this metric.

As of today (2026-08-06), Song Ho Industrial Co's current share price is NT$24.05. Song Ho Industrial Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$57.87. Song Ho Industrial Co's Cyclically Adjusted PS Ratio for today is 0.42.

The historical rank and industry rank for Song Ho Industrial Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

ROCO:5016' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.49   Max: 0.7
Current: 0.41

During the past years, Song Ho Industrial Co's highest Cyclically Adjusted PS Ratio was 0.70. The lowest was 0.41. And the median was 0.49.

ROCO:5016's Cyclically Adjusted PS Ratio is ranked better than
52.62% of 515 companies
in the Steel industry
Industry Median: 0.45 vs ROCO:5016: 0.41

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.

Song Ho Industrial Co's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$9.810. 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$57.87 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Song Ho Industrial Co  (ROCO:5016) 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.


Song Ho Industrial Co Cyclically Adjusted PS Ratio Related Terms


Song Ho Industrial Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Song Ho Industrial 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.

Song Ho Industrial Co Cyclically Adjusted PS Ratio Chart

Song Ho Industrial 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 0.65 0.49 0.49 0.48 0.44

Song Ho Industrial Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.48 0.44 0.43 0.44 0.49

ROCO:5016 vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Song Ho Industrial 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.


Song Ho Industrial Co Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Song Ho Industrial Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Song Ho Industrial Co's Cyclically Adjusted PS Ratio falls into.


ROCO:5016
59GF Score
Song Ho Industrial Co Ltd ROCO:5016
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Song Ho Industrial 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.

Song Ho Industrial Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.05/57.87
=0.42

* 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.

Song Ho Industrial Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Song Ho Industrial Co's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=9.81/330.2130*330.2130
=9.810

Current CPI (Mar. 2026) = 330.2130.

Song Ho Industrial Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 12.227 241.018 16.752
201609 10.495 241.428 14.355
201612 12.737 241.432 17.421
201703 13.131 243.801 17.785
201706 11.933 244.955 16.086
201709 13.733 246.819 18.373
201712 13.104 246.524 17.552
201803 12.533 249.554 16.584
201806 13.832 251.989 18.126
201809 14.474 252.439 18.933
201812 12.602 251.233 16.564
201903 12.066 254.202 15.674
201906 12.326 256.143 15.890
201909 11.833 256.759 15.218
201912 11.928 256.974 15.328
202003 12.293 258.115 15.727
202006 11.500 257.797 14.730
202009 11.733 260.280 14.885
202012 12.549 260.474 15.909
202103 12.893 264.877 16.073
202106 14.815 271.696 18.006
202109 16.699 274.310 20.102
202112 14.650 278.802 17.351
202203 14.056 287.504 16.144
202206 14.303 296.311 15.939
202209 10.119 296.808 11.258
202212 11.202 296.797 12.463
202303 11.126 301.836 12.172
202306 9.751 305.109 10.553
202309 10.109 307.789 10.845
202312 9.790 306.746 10.539
202403 10.012 312.332 10.585
202406 10.275 314.175 10.800
202409 10.463 315.301 10.958
202412 10.413 315.605 10.895
202503 10.142 319.799 10.472
202506 10.931 322.561 11.190
202509 10.380 324.800 10.553
202512 9.922 324.054 10.111
202603 9.810 330.213 9.810

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.

What does a Cyclically Adjusted PS Ratio of 0.42 mean?
Song Ho Industrial Co (ROCO:5016) has a Cyclically Adjusted PS Ratio of 0.42 as of Aug. 06, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Song Ho Industrial Co and its competitors. This is 14% below median its historical median of 0.49. Over the past decade, Song Ho Industrial Co's Cyclically Adjusted PS Ratio has ranged from 0.41 to 0.70. According to the industry distribution chart, Song Ho Industrial Co ranks #244 out of 515 companies in the Steel industry, placing it in the top 47.4%.
Is Song Ho Industrial Co's Cyclically Adjusted PS Ratio too high?
Song Ho Industrial Co's current Cyclically Adjusted PS Ratio of 0.42 is 14% below median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.70. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. Song Ho Industrial Co's value of 0.42 is 6.7% below this industry median. Based on the distribution chart, Song Ho Industrial Co ranks #244 out of 515 companies in the Steel industry, which is above the industry midpoint. Overall, Song Ho Industrial Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Song Ho Industrial Co's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Song Ho Industrial Co ranks #244 out of 515 companies for Cyclically Adjusted PS Ratio. This puts Song Ho Industrial Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Song Ho Industrial Co's value of 0.42 is 6.7% below this benchmark. Historically, Song Ho Industrial Co's own Cyclically Adjusted PS Ratio has ranged from 0.41 to 0.70 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.45, Song Ho Industrial Co has consistently been below 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 Cyclically Adjusted PS Ratio for a Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.45, based on 515 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Song Ho Industrial Co's current Cyclically Adjusted PS Ratio of 0.42 is 6.7% below 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 Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Song Ho Industrial Co and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Song Ho Industrial Co's current Cyclically Adjusted PS Ratio is 0.42, which is 14% below median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Song Ho Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Song Ho Industrial Co (ROCO:5016) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$26.89, compared to a current price of NT$24.05 — trading 10.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.42, which is 14% below median its 10-year median of 0.49 and 6.7% below the Steel industry median of 0.45. Song Ho Industrial Co's overall GF Score™ is 59/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Song Ho Industrial Co (ROCO:5016), the current Cyclically Adjusted PS Ratio is 0.42 as of Aug. 06, 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 Song Ho Industrial Co (ROCO:5016) Overvalued in 2026?

Based on GuruFocus' analysis, Song Ho Industrial Co stock appears to be undervalued. The current stock price of NT$24.05 is trading 10.6% below its estimated GF Value™ of NT$26.89. GuruFocus considers Song Ho Industrial Co to be Modestly Undervalued.

Key valuation signals for ROCO:5016:

  • Cyclically Adjusted PS Ratio: 0.42 (14% below median its 10-year median of 0.49)
  • GF Value™: NT$26.89 vs. price of NT$24.05 (10.6% below fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 6.7% below the Steel median (#244 of 515)

No single metric tells the full story. See the ROCO:5016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Song Ho Industrial Co Business Description

Address No.61, Nankong 3 Road, Nantou Hsien, Nantou, TWN
Song Ho Industrial Co Ltd manufactures and sells steel products. It offers machine, steel wire, galvanized steel wire strand, steel wire rope, cold-drawn steel bar, spheroidized wire, water-control gate machinery.
59GF Score

Get the complete analysis for ROCO:5016

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

NT$24.05
Price
NT$26.89
GF Value