Chia Hsin Cement (TPE:1103) Cyclically Adjusted PS Ratio: 2.93 (As of Aug. 09, 2026) — 14% Below Median

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TPE:1103 Chia Hsin Cement Corp TPE:1103
67 GF Score
Price NT$13.15
GF Value NT$18.00
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Chia Hsin Cement Cyclically Adjusted PS Ratio?

Chia Hsin Cement TPE:1103 +1.15% 67 Cyclically Adjusted PS Ratio is 2.93 as of Aug. 09, 2026, which is 14% below its 10-year median of 3.40. GuruFocus rates TPE:1103 with a GF Score™ of 67/100 and a GF Value™ of NT$18.00 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 324 Building Materials companies, Chia Hsin Cement ranks worse than 83.02% on this metric.

As of today (2026-08-09), Chia Hsin Cement's current share price is NT$13.15. Chia Hsin Cement's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$4.49. Chia Hsin Cement's Cyclically Adjusted PS Ratio for today is 2.93.

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

TPE:1103' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.19   Med: 3.4   Max: 4.91
Current: 2.93

During the past years, Chia Hsin Cement's highest Cyclically Adjusted PS Ratio was 4.91. The lowest was 2.19. And the median was 3.40.

TPE:1103's Cyclically Adjusted PS Ratio is ranked worse than
83.02% of 324 companies
in the Building Materials industry
Industry Median: 1.03 vs TPE:1103: 2.93

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.

Chia Hsin Cement's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$1.045. 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$4.49 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chia Hsin Cement  (TPE:1103) 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.


Chia Hsin Cement Cyclically Adjusted PS Ratio Related Terms


Chia Hsin Cement Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Chia Hsin Cement'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.

Chia Hsin Cement Cyclically Adjusted PS Ratio Chart

Chia Hsin Cement 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 3.95 3.49 4.09 3.84 3.16

Chia Hsin Cement 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 3.54 3.28 3.05 3.16 3.01

TPE:1103 vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Chia Hsin Cement'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.


Chia Hsin Cement Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Chia Hsin Cement's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Chia Hsin Cement's Cyclically Adjusted PS Ratio falls into.


TPE:1103
67GF Score
Chia Hsin Cement Corp TPE:1103
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chia Hsin Cement 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.

Chia Hsin Cement's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.15/4.49
=2.93

* 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.

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

For example, Chia Hsin Cement'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)
=1.045/330.2130*330.2130
=1.045

Current CPI (Mar. 2026) = 330.2130.

Chia Hsin Cement Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.211 241.018 1.659
201609 1.129 241.428 1.544
201612 1.576 241.432 2.156
201703 0.912 243.801 1.235
201706 0.853 244.955 1.150
201709 0.775 246.819 1.037
201712 0.804 246.524 1.077
201803 0.717 249.554 0.949
201806 0.800 251.989 1.048
201809 0.751 252.439 0.982
201812 0.910 251.233 1.196
201903 0.690 254.202 0.896
201906 0.671 256.143 0.865
201909 0.716 256.759 0.921
201912 0.793 256.974 1.019
202003 0.754 258.115 0.965
202006 0.766 257.797 0.981
202009 0.749 260.280 0.950
202012 0.878 260.474 1.113
202103 0.830 264.877 1.035
202106 0.830 271.696 1.009
202109 0.849 274.310 1.022
202112 0.855 278.802 1.013
202203 0.778 287.504 0.894
202206 0.769 296.311 0.857
202209 0.854 296.808 0.950
202212 1.001 296.797 1.114
202303 0.989 301.836 1.082
202306 1.101 305.109 1.192
202309 1.132 307.789 1.214
202312 1.209 306.746 1.301
202403 1.061 312.332 1.122
202406 1.128 314.175 1.186
202409 1.169 315.301 1.224
202412 1.169 315.605 1.223
202503 1.140 319.799 1.177
202506 1.159 322.561 1.186
202509 1.095 324.800 1.113
202512 1.168 324.054 1.190
202603 1.045 330.213 1.045

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 2.93 mean?
Chia Hsin Cement (TPE:1103) has a Cyclically Adjusted PS Ratio of 2.93 as of Aug. 09, 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 Chia Hsin Cement and its competitors. This is 14% below median its historical median of 3.40. Over the past decade, Chia Hsin Cement's Cyclically Adjusted PS Ratio has ranged from 2.19 to 4.91. According to the industry distribution chart, Chia Hsin Cement ranks #269 out of 324 companies in the Building Materials industry, placing it in the top 83%.
Is Chia Hsin Cement's Cyclically Adjusted PS Ratio too high?
Chia Hsin Cement's current Cyclically Adjusted PS Ratio of 2.93 is 14% below median its 10-year median of 3.40. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 4.91. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.03. Chia Hsin Cement's value of 2.93 is 184.5% above this industry median. Based on the distribution chart, Chia Hsin Cement ranks #269 out of 324 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Chia Hsin Cement has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chia Hsin Cement's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Chia Hsin Cement ranks #269 out of 324 companies for Cyclically Adjusted PS Ratio. This places Chia Hsin Cement in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.03. Chia Hsin Cement's value of 2.93 is 184.5% above this benchmark. Historically, Chia Hsin Cement's own Cyclically Adjusted PS Ratio has ranged from 2.19 to 4.91 over the past decade. While the company's 10-year median is 3.40 vs. the industry median of 1.03, Chia Hsin Cement 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 Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 1.03, based on 324 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. Chia Hsin Cement's current Cyclically Adjusted PS Ratio of 2.93 is 184.5% 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 Chia Hsin Cement and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chia Hsin Cement's current Cyclically Adjusted PS Ratio is 2.93, which is 14% below median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chia Hsin Cement stock overvalued right now?
Based on GuruFocus' analysis, Chia Hsin Cement (TPE:1103) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$18.00, compared to a current price of NT$13.15 — trading 26.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.93, which is 14% below median its 10-year median of 3.40 and 184.5% above the Building Materials industry median of 1.03. Chia Hsin Cement's overall GF Score™ is 67/100 with 4 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 Chia Hsin Cement (TPE:1103), the current Cyclically Adjusted PS Ratio is 2.93 as of Aug. 09, 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 Chia Hsin Cement (TPE:1103) Overvalued in 2026?

Based on GuruFocus' analysis, Chia Hsin Cement stock appears to be undervalued. The current stock price of NT$13.15 is trading 26.9% below its estimated GF Value™ of NT$18.00. GuruFocus considers Chia Hsin Cement to be Modestly Undervalued.

Key valuation signals for TPE:1103:

  • Cyclically Adjusted PS Ratio: 2.93 (14% below median its 10-year median of 3.40)
  • GF Value™: NT$18.00 vs. price of NT$13.15 (26.9% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 184.5% above the Building Materials median (#269 of 324)

No single metric tells the full story. See the TPE:1103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chia Hsin Cement Business Description

Address Zhongshan North Road, Chia Hsin Building, No. 96, Section 2, Zhongshan District, Taipei, TWN, 10449
Chia Hsin Cement Corp is engaged in cement manufacturing, wholesale of building materials, retail sale of building materials, non-metallic mining, international trade, real estate commerce, real estate rental and leasing, reconstruction within the renewal area, warehousing and storage, and Others. Its segments include: the Cement, which is responsible for cement sales; the Asset Management, which handles real estate trading and leasing; the Warehousing and Storage, which manages loading and unloading as well as warehousing and storage services at the port; and the Hospitality and Catering Services, which focuses on catering and room service in hotels, along with services for maternal and childcare centers. The majority of the company's revenue comes from the Cement segment.
67GF Score

Get the complete analysis for TPE:1103

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

NT$13.15
Price
NT$18.00
GF Value