TMP Steel (ROCO:6248) Cyclically Adjusted PS Ratio: 0.18 (As of Aug. 13, 2026) — 44% Below Median

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ROCO:6248 TMP Steel Corp ROCO:6248
76 GF Score
Price NT$17.95
GF Value NT$17.68
Valuation Fairly Valued
! 7 Warning Signs
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What is TMP Steel Cyclically Adjusted PS Ratio?

TMP Steel ROCO:6248 76 Cyclically Adjusted PS Ratio is 0.18 as of Aug. 13, 2026, which is 44% below its 10-year median of 0.32. GuruFocus rates ROCO:6248 with a GF Score™ of 76/100 and a GF Value™ of NT$17.68 (Fairly Valued). The stock has 7 warning signs investors should review. Among 518 Steel companies, TMP Steel ranks better than 80.89% on this metric.

As of today (2026-08-13), TMP Steel's current share price is NT$17.95. TMP Steel's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$98.48. TMP Steel's Cyclically Adjusted PS Ratio for today is 0.18.

The historical rank and industry rank for TMP Steel's Cyclically Adjusted PS Ratio or its related term are showing as below:

ROCO:6248' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.32   Max: 0.46
Current: 0.18

During the past years, TMP Steel's highest Cyclically Adjusted PS Ratio was 0.46. The lowest was 0.18. And the median was 0.32.

ROCO:6248's Cyclically Adjusted PS Ratio is ranked better than
80.89% of 518 companies
in the Steel industry
Industry Median: 0.46 vs ROCO:6248: 0.18

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.

TMP Steel's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$15.203. 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$98.48 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TMP Steel  (ROCO:6248) 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.


TMP Steel Cyclically Adjusted PS Ratio Related Terms


TMP Steel Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TMP Steel'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.

TMP Steel Cyclically Adjusted PS Ratio Chart

TMP Steel 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 0.32 0.29 0.32 0.29 0.22

TMP Steel 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 0.29 0.26 0.22 0.22 0.20

ROCO:6248 vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, TMP Steel'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.


TMP Steel Cyclically Adjusted PS Ratio vs Steel Industry

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

* The bar in red indicates where TMP Steel's Cyclically Adjusted PS Ratio falls into.


ROCO:6248
76GF Score
TMP Steel Corp ROCO:6248
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TMP Steel 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.

TMP Steel's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=17.95/98.48
=0.18

* 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.

TMP Steel's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, TMP Steel'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)
=15.203/330.2130*330.2130
=15.203

Current CPI (Mar. 2026) = 330.2130.

TMP Steel Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 12.753 241.018 17.473
201609 12.179 241.428 16.658
201612 14.686 241.432 20.086
201703 10.312 243.801 13.967
201706 11.655 244.955 15.712
201709 12.344 246.819 16.515
201712 13.280 246.524 17.788
201803 13.218 249.554 17.490
201806 15.932 251.989 20.878
201809 18.946 252.439 24.783
201812 22.580 251.233 29.678
201903 20.446 254.202 26.560
201906 23.427 256.143 30.201
201909 18.244 256.759 23.463
201912 23.884 256.974 30.691
202003 18.133 258.115 23.198
202006 19.254 257.797 24.663
202009 20.563 260.280 26.088
202012 14.894 260.474 18.882
202103 18.413 264.877 22.955
202106 26.321 271.696 31.990
202109 19.446 274.310 23.409
202112 28.102 278.802 33.284
202203 26.322 287.504 30.232
202206 25.314 296.311 28.210
202209 26.109 296.808 29.048
202212 21.727 296.797 24.173
202303 29.836 301.836 32.641
202306 27.585 305.109 29.855
202309 22.943 307.789 24.615
202312 32.018 306.746 34.467
202403 31.366 312.332 33.162
202406 33.574 314.175 35.288
202409 35.324 315.301 36.995
202412 24.719 315.605 25.863
202503 19.564 319.799 20.201
202506 20.991 322.561 21.489
202509 17.686 324.800 17.981
202512 18.653 324.054 19.008
202603 15.203 330.213 15.203

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 0.18 mean?
TMP Steel (ROCO:6248) has a Cyclically Adjusted PS Ratio of 0.18 as of Aug. 13, 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 TMP Steel and its competitors. This is 44% below median its historical median of 0.32. Over the past decade, TMP Steel's Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.46. According to the industry distribution chart, TMP Steel ranks #99 out of 518 companies in the Steel industry, placing it in the top 19.1%.
Is TMP Steel's Cyclically Adjusted PS Ratio too high?
TMP Steel's current Cyclically Adjusted PS Ratio of 0.18 is 44% below median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.46. The Steel industry median Cyclically Adjusted PS Ratio is 0.46. TMP Steel's value of 0.18 is 60.9% below this industry median. Based on the distribution chart, TMP Steel ranks #99 out of 518 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, TMP Steel has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TMP Steel's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, TMP Steel ranks #99 out of 518 companies for Cyclically Adjusted PS Ratio. This places TMP Steel in the top 19% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 0.46. TMP Steel's value of 0.18 is 60.9% below this benchmark. Historically, TMP Steel's own Cyclically Adjusted PS Ratio has ranged from 0.18 to 0.46 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.46, TMP Steel 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 0.46, based on 518 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. TMP Steel's current Cyclically Adjusted PS Ratio of 0.18 is 60.9% 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 TMP Steel and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMP Steel's current Cyclically Adjusted PS Ratio is 0.18, which is 44% below median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TMP Steel stock overvalued right now?
Based on GuruFocus' analysis, TMP Steel (ROCO:6248) is currently considered Fairly Valued. The stock's GF Value™ is NT$17.68, compared to a current price of NT$17.95 — trading 1.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.18, which is 44% below median its 10-year median of 0.32 and 60.9% below the Steel industry median of 0.46. TMP Steel's overall GF Score™ is 76/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For TMP Steel (ROCO:6248), the current Cyclically Adjusted PS Ratio is 0.18 as of Aug. 13, 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 TMP Steel (ROCO:6248) Overvalued in 2026?

Based on GuruFocus' analysis, TMP Steel stock appears to be overvalued. The current stock price of NT$17.95 is trading 1.5% above its estimated GF Value™ of NT$17.68. GuruFocus considers TMP Steel to be Fairly Valued.

Key valuation signals for ROCO:6248:

  • Cyclically Adjusted PS Ratio: 0.18 (44% below median its 10-year median of 0.32)
  • GF Value™: NT$17.68 vs. price of NT$17.95 (1.5% above fair value)
  • GF Score™: 76/100 with 7 warning signs
  • Industry Position: 60.9% below the Steel median (#99 of 518)

No single metric tells the full story. See the ROCO:6248 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TMP Steel Business Description

Address No. 3, Jingjian 11th Road, Lukang Township, Changhua, TWN, 505029
TMP Steel Corp is a Taiwan-based company engaged in offering steel products. It is engaged in the wholesale of hardware and building materials and the manufacture and sale of its components. The company provides steel bars and reinforcement processing solutions to customers. Geographically, the company operates and derives revenue only from Taiwan.
76GF Score

Get the complete analysis for ROCO:6248

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

NT$17.95
Price
NT$17.68
GF Value