Shin HsiungNatural Gas (ROCO:8908) Cyclically Adjusted PS Ratio: 1.49 (As of Jul. 28, 2026) — 18% Below Median

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:8908 Shin HsiungNatural Gas Inc ROCO:8908
82 GF Score
Price NT$39.85
GF Value NT$77.69
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Shin HsiungNatural Gas Cyclically Adjusted PS Ratio?

Shin HsiungNatural Gas ROCO:8908 -0.25% 82 Cyclically Adjusted PS Ratio is 1.49 as of Jul. 28, 2026, which is 18% below its 10-year median of 1.81. GuruFocus rates ROCO:8908 with a GF Score™ of 82/100 and a GF Value™ of NT$77.69 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 442 Utilities - Regulated companies, Shin HsiungNatural Gas ranks worse than 50.23% on this metric.

As of today (2026-07-28), Shin HsiungNatural Gas's current share price is NT$39.85. Shin HsiungNatural Gas's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$26.81. Shin HsiungNatural Gas's Cyclically Adjusted PS Ratio for today is 1.49.

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

ROCO:8908' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.35   Med: 1.81   Max: 2.76
Current: 1.46

During the past years, Shin HsiungNatural Gas's highest Cyclically Adjusted PS Ratio was 2.76. The lowest was 1.35. And the median was 1.81.

ROCO:8908's Cyclically Adjusted PS Ratio is ranked worse than
50.23% of 442 companies
in the Utilities - Regulated industry
Industry Median: 1.455 vs ROCO:8908: 1.46

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.

Shin HsiungNatural Gas's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$7.918. 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$26.81 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Shin HsiungNatural Gas  (ROCO:8908) 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.


Shin HsiungNatural Gas Cyclically Adjusted PS Ratio Related Terms


Shin HsiungNatural Gas Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shin HsiungNatural Gas'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.

Shin HsiungNatural Gas Cyclically Adjusted PS Ratio Chart

Shin HsiungNatural Gas 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 1.87 2.32 2.16 1.79 1.65

Shin HsiungNatural Gas Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 1.79 1.61 1.55 1.54 1.65

ROCO:8908 vs ATO, NI, UGI: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Gas subindustry, Shin HsiungNatural Gas'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.


Shin HsiungNatural Gas Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shin HsiungNatural Gas's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Shin HsiungNatural Gas's Cyclically Adjusted PS Ratio falls into.


ROCO:8908
82GF Score
Shin HsiungNatural Gas Inc ROCO:8908
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shin HsiungNatural Gas 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.

Shin HsiungNatural Gas's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39.85/26.81
=1.49

* 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.

Shin HsiungNatural Gas's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Shin HsiungNatural Gas's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=7.918/324.0540*324.0540
=7.918

Current CPI (Dec. 2025) = 324.0540.

Shin HsiungNatural Gas Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 4.082 238.132 5.555
201606 3.533 241.018 4.750
201609 3.715 241.428 4.986
201612 4.116 241.432 5.525
201703 4.060 243.801 5.396
201706 4.449 244.955 5.886
201709 4.804 246.819 6.307
201712 5.728 246.524 7.529
201803 5.647 249.554 7.333
201806 5.527 251.989 7.108
201809 5.931 252.439 7.614
201812 6.175 251.233 7.965
201903 6.469 254.202 8.247
201906 7.040 256.143 8.907
201909 6.569 256.759 8.291
201912 6.201 256.974 7.820
202003 5.972 258.115 7.498
202006 4.756 257.797 5.978
202009 4.513 260.280 5.619
202012 4.846 260.474 6.029
202103 4.773 264.877 5.839
202106 5.314 271.696 6.338
202109 5.243 274.310 6.194
202112 5.341 278.802 6.208
202203 6.275 287.504 7.073
202206 6.098 296.311 6.669
202209 5.585 296.808 6.098
202212 5.819 296.797 6.353
202303 5.466 301.836 5.868
202306 5.774 305.109 6.133
202309 5.350 307.789 5.633
202312 5.480 306.746 5.789
202403 5.472 312.332 5.677
202406 5.526 314.175 5.700
202409 6.292 315.301 6.467
202412 8.551 315.605 8.780
202503 8.461 319.799 8.574
202506 8.532 322.561 8.571
202509 7.932 324.800 7.914
202512 7.918 324.054 7.918

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 1.49 mean?
Shin HsiungNatural Gas (ROCO:8908) has a Cyclically Adjusted PS Ratio of 1.49 as of Jul. 28, 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 Shin HsiungNatural Gas and its competitors. This is 18% below median its historical median of 1.81. Over the past decade, Shin HsiungNatural Gas' Cyclically Adjusted PS Ratio has ranged from 1.35 to 2.76. According to the industry distribution chart, Shin HsiungNatural Gas ranks #222 out of 442 companies in the Utilities - Regulated industry, placing it in the top 50.2%.
Is Shin HsiungNatural Gas' Cyclically Adjusted PS Ratio too high?
Shin HsiungNatural Gas' current Cyclically Adjusted PS Ratio of 1.49 is 18% below median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 2.76. The Utilities - Regulated industry median Cyclically Adjusted PS Ratio is 1.46. Shin HsiungNatural Gas' value of 1.49 is 2.4% above this industry median. Based on the distribution chart, Shin HsiungNatural Gas ranks #222 out of 442 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Shin HsiungNatural Gas has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin HsiungNatural Gas' Cyclically Adjusted PS Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Shin HsiungNatural Gas ranks #222 out of 442 companies for Cyclically Adjusted PS Ratio. This places Shin HsiungNatural Gas in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.46. Shin HsiungNatural Gas' value of 1.49 is 2.4% above this benchmark. Historically, Shin HsiungNatural Gas' own Cyclically Adjusted PS Ratio has ranged from 1.35 to 2.76 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 1.46, Shin HsiungNatural Gas 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 an Utilities - Regulated company?
The median Cyclically Adjusted PS Ratio among Utilities - Regulated companies is 1.46, based on 442 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. Shin HsiungNatural Gas's current Cyclically Adjusted PS Ratio of 1.49 is 2.4% 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 Shin HsiungNatural Gas and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PS Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin HsiungNatural Gas's current Cyclically Adjusted PS Ratio is 1.49, which is 18% below median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin HsiungNatural Gas stock overvalued right now?
Based on GuruFocus' analysis, Shin HsiungNatural Gas (ROCO:8908) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$77.69, compared to a current price of NT$39.85 — trading 48.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.49, which is 18% below median its 10-year median of 1.81 and 2.4% above the Utilities - Regulated industry median of 1.46. Shin HsiungNatural Gas' overall GF Score™ is 82/100 with 3 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 Shin HsiungNatural Gas (ROCO:8908), the current Cyclically Adjusted PS Ratio is 1.49 as of Jul. 28, 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 Shin HsiungNatural Gas (ROCO:8908) Overvalued in 2026?

Based on GuruFocus' analysis, Shin HsiungNatural Gas stock appears to be undervalued. The current stock price of NT$39.85 is trading 48.7% below its estimated GF Value™ of NT$77.69. GuruFocus considers Shin HsiungNatural Gas to be Significantly Undervalued.

Key valuation signals for ROCO:8908:

  • Cyclically Adjusted PS Ratio: 1.49 (18% below median its 10-year median of 1.81)
  • GF Value™: NT$77.69 vs. price of NT$39.85 (48.7% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 2.4% above the Utilities - Regulated median (#222 of 442)

No single metric tells the full story. See the ROCO:8908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin HsiungNatural Gas Business Description

Address No. 99, Section 1, Guotai Road, Fengshan District, Kaohsiung, TWN, 830061
Shin HsiungNatural Gas Inc includes gas supply through pipelines, manufacturing and sales of gas equipment, rental, sales and manufacturing of gas meters, and installation, maintenance and import of the related equipment. Its segments include Gas Sale Department engaged in the supply of natural gas; Installation Department engaged in the business of gas transmission conduits and equipment; Solar Electricity Sale Department engaged in the business of sale of electricity generated by solar energy; and Construction Department engaged in the construction, leasing and sale of commercial buildings and residential properties. It derives majority of the revenue from Gas Sale Department segment.
82GF Score

Get the complete analysis for ROCO:8908

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

NT$39.85
Price
NT$77.69
GF Value