Song Ho Industrial Co (ROCO:5016) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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:5016 Song Ho Industrial Co Ltd ROCO:5016
68 GF Score
Price NT$24.65
GF Value NT$28.15
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Song Ho Industrial Co Cyclically Adjusted PS Ratio?

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 0.66 0.49 0.49 0.48 0.44

Song Ho Industrial 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 0.44 0.43 0.44 0.49 0.42

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
68GF 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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Song Ho Industrial 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)
=12.437/333.9520*333.9520
=12.437

Current CPI (Jun. 2026) = 333.9520.

Song Ho Industrial Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 10.476 241.428 14.491
201612 12.757 241.432 17.646
201703 13.131 243.801 17.986
201706 11.963 244.955 16.309
201709 13.690 246.819 18.523
201712 13.104 246.524 17.751
201803 12.533 249.554 16.772
201806 13.877 251.989 18.391
201809 14.414 252.439 19.068
201812 12.602 251.233 16.751
201903 12.066 254.202 15.851
201906 12.271 256.143 15.999
201909 11.877 256.759 15.448
201912 11.928 256.974 15.501
202003 12.293 258.115 15.905
202006 11.507 257.797 14.906
202009 11.706 260.280 15.019
202012 12.587 260.474 16.138
202103 12.893 264.877 16.255
202106 14.830 271.696 18.228
202109 16.737 274.310 20.376
202112 14.644 278.802 17.541
202203 14.034 287.504 16.301
202206 14.236 296.311 16.044
202209 11.379 296.808 12.803
202212 11.202 296.797 12.604
202303 11.126 301.836 12.310
202306 9.510 305.109 10.409
202309 10.147 307.789 11.010
202312 9.790 306.746 10.658
202403 10.012 312.332 10.705
202406 10.177 314.175 10.818
202409 10.380 315.301 10.994
202412 10.389 315.605 10.993
202503 10.074 319.799 10.520
202506 10.924 322.561 11.310
202509 10.266 324.800 10.555
202512 9.953 324.054 10.257
202603 9.908 330.213 10.020
202606 12.437 333.952 12.437

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 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$24.65 is trading 12.4% below its estimated GF Value™ of NT$28.15. GuruFocus considers Song Ho Industrial Co to be Modestly Undervalued.

Key valuation signals for ROCO:5016:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$28.15 vs. price of NT$24.65 (12.4% below fair value)
  • GF Score™: 68/100 with 5 warning signs

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.
68GF 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$24.65
Price
NT$28.15
GF Value