TSH Biopharm (ROCO:8432) Cyclically Adjusted PS Ratio: 2.42 (As of Aug. 08, 2026) — 15% Below Median

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ROCO:8432 TSH Biopharm Corp Ltd ROCO:8432
88 GF Score
Price NT$50.80
GF Value NT$75.03
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is TSH Biopharm Cyclically Adjusted PS Ratio?

TSH Biopharm ROCO:8432 -0.39% 88 Cyclically Adjusted PS Ratio is 2.42 as of Aug. 08, 2026, which is 15% below its 10-year median of 2.85. GuruFocus rates ROCO:8432 with a GF Score™ of 88/100 and a GF Value™ of NT$75.03 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 749 Drug Manufacturers companies, TSH Biopharm ranks worse than 55.41% on this metric.

As of today (2026-08-08), TSH Biopharm's current share price is NT$50.80. TSH Biopharm's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$21.01. TSH Biopharm's Cyclically Adjusted PS Ratio for today is 2.42.

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

ROCO:8432' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.32   Med: 2.85   Max: 4.4
Current: 2.32

During the past years, TSH Biopharm's highest Cyclically Adjusted PS Ratio was 4.40. The lowest was 2.32. And the median was 2.85.

ROCO:8432's Cyclically Adjusted PS Ratio is ranked worse than
55.41% of 749 companies
in the Drug Manufacturers industry
Industry Median: 1.97 vs ROCO:8432: 2.32

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.

TSH Biopharm's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$7.430. 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$21.01 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TSH Biopharm  (ROCO:8432) 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.


TSH Biopharm Cyclically Adjusted PS Ratio Related Terms


TSH Biopharm Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TSH Biopharm'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.

TSH Biopharm Cyclically Adjusted PS Ratio Chart

TSH Biopharm 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 2.89 2.94 3.01 3.37 2.88

TSH Biopharm 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 2.81 2.52 2.64 2.88 2.42

ROCO:8432 vs ZTS: Cyclically Adjusted PS Ratio Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, TSH Biopharm'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.


TSH Biopharm Cyclically Adjusted PS Ratio vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, TSH Biopharm's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


ROCO:8432
88GF Score
TSH Biopharm Corp Ltd ROCO:8432
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSH Biopharm 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.

TSH Biopharm's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=50.80/21.01
=2.42

* 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.

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

For example, TSH Biopharm'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)
=7.43/330.2130*330.2130
=7.430

Current CPI (Mar. 2026) = 330.2130.

TSH Biopharm Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.574 241.018 4.897
201609 2.530 241.428 3.460
201612 3.386 241.432 4.631
201703 2.963 243.801 4.013
201706 3.285 244.955 4.428
201709 3.272 246.819 4.378
201712 3.111 246.524 4.167
201803 3.879 249.554 5.133
201806 3.647 251.989 4.779
201809 2.896 252.439 3.788
201812 2.959 251.233 3.889
201903 3.563 254.202 4.628
201906 3.112 256.143 4.012
201909 3.408 256.759 4.383
201912 3.104 256.974 3.989
202003 3.435 258.115 4.394
202006 2.350 257.797 3.010
202009 2.586 260.280 3.281
202012 3.248 260.474 4.118
202103 2.648 264.877 3.301
202106 2.745 271.696 3.336
202109 2.599 274.310 3.129
202112 2.825 278.802 3.346
202203 3.134 287.504 3.600
202206 2.829 296.311 3.153
202209 2.893 296.808 3.219
202212 10.360 296.797 11.526
202303 3.770 301.836 4.124
202306 4.472 305.109 4.840
202309 7.040 307.789 7.553
202312 5.889 306.746 6.340
202403 5.192 312.332 5.489
202406 6.051 314.175 6.360
202409 10.086 315.301 10.563
202412 7.570 315.605 7.920
202503 7.469 319.799 7.712
202506 6.989 322.561 7.155
202509 10.996 324.800 11.179
202512 9.294 324.054 9.471
202603 7.430 330.213 7.430

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 2.42 mean?
TSH Biopharm (ROCO:8432) has a Cyclically Adjusted PS Ratio of 2.42 as of Aug. 08, 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 TSH Biopharm and its competitors. This is 15% below median its historical median of 2.85. Over the past decade, TSH Biopharm's Cyclically Adjusted PS Ratio has ranged from 2.32 to 4.40. According to the industry distribution chart, TSH Biopharm ranks #415 out of 749 companies in the Drug Manufacturers industry, placing it in the top 55.4%.
Is TSH Biopharm's Cyclically Adjusted PS Ratio too high?
TSH Biopharm's current Cyclically Adjusted PS Ratio of 2.42 is 15% below median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 4.40. The Drug Manufacturers industry median Cyclically Adjusted PS Ratio is 1.97. TSH Biopharm's value of 2.42 is 22.8% above this industry median. Based on the distribution chart, TSH Biopharm ranks #415 out of 749 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, TSH Biopharm has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSH Biopharm's Cyclically Adjusted PS Ratio compare to ZTS?
According to the Drug Manufacturers industry distribution chart, TSH Biopharm ranks #415 out of 749 companies for Cyclically Adjusted PS Ratio. This places TSH Biopharm in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.97. TSH Biopharm's value of 2.42 is 22.8% above this benchmark. Historically, TSH Biopharm's own Cyclically Adjusted PS Ratio has ranged from 2.32 to 4.40 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 1.97, TSH Biopharm has consistently been above 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 Drug Manufacturers company?
The median Cyclically Adjusted PS Ratio among Drug Manufacturers companies is 1.97, based on 749 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. TSH Biopharm's current Cyclically Adjusted PS Ratio of 2.42 is 22.8% above 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 TSH Biopharm and its competitors. For the Drug Manufacturers industry, the median Cyclically Adjusted PS Ratio is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSH Biopharm's current Cyclically Adjusted PS Ratio is 2.42, which is 15% below median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSH Biopharm stock overvalued right now?
Based on GuruFocus' analysis, TSH Biopharm (ROCO:8432) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$75.03, compared to a current price of NT$50.80 — trading 32.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.42, which is 15% below median its 10-year median of 2.85 and 22.8% above the Drug Manufacturers industry median of 1.97. TSH Biopharm's overall GF Score™ is 88/100 with 2 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 TSH Biopharm (ROCO:8432), the current Cyclically Adjusted PS Ratio is 2.42 as of Aug. 08, 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 TSH Biopharm (ROCO:8432) Overvalued in 2026?

Based on GuruFocus' analysis, TSH Biopharm stock appears to be undervalued. The current stock price of NT$50.80 is trading 32.3% below its estimated GF Value™ of NT$75.03. GuruFocus considers TSH Biopharm to be Significantly Undervalued.

Key valuation signals for ROCO:8432:

  • Cyclically Adjusted PS Ratio: 2.42 (15% below median its 10-year median of 2.85)
  • GF Value™: NT$75.03 vs. price of NT$50.80 (32.3% below fair value)
  • GF Score™: 88/100 with 2 warning signs
  • Industry Position: 22.8% above the Drug Manufacturers median (#415 of 749)

No single metric tells the full story. See the ROCO:8432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TSH Biopharm Business Description

Address No.3-1, Park Street, 3rd Floor-1, Nangang District, Taipei, TWN, 115
TSH Biopharm Corp Ltd is engaged in sale of a variety of pharmaceuticals, chemical drugs and engaged in biotechnology services. The company specializes in the development, manufacture, and marketing of branded drugs for chronic diseases. Key therapeutic areas include cardiovascular, central nervous system, gastroenterology, and severe chronic diseases, alongside precision medicine/genetic testing services .The Company's revenue is earned domestically. It earns majority of its revenue from the sale of Lozenges.
88GF Score

Get the complete analysis for ROCO:8432

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

NT$50.80
Price
NT$75.03
GF Value