Universal Cement (TPE:1104) Cyclically Adjusted PS Ratio: (As of Jul. 24, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

TPE:1104 Universal Cement Corp TPE:1104
83 GF Score
Price NT$26.80
GF Value NT$30.45
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Universal Cement Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Universal Cement  (TPE:1104) 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.


Universal Cement Cyclically Adjusted PS Ratio Related Terms


Universal Cement Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Universal 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.

Universal Cement Cyclically Adjusted PS Ratio Chart

Universal 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 2.44 2.32 3.05 2.90 2.92

Universal 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 2.92 2.75 2.99 2.92 0.00

TPE:1104 vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Universal 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.


Universal Cement Cyclically Adjusted PS Ratio vs Building Materials Industry

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

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


TPE:1104
83GF Score
Universal Cement Corp TPE:1104
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Universal 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.

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

For example, Universal 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)
=2.55/330.2130*330.2130
=2.550

Current CPI (Mar. 2026) = 330.2130.

Universal Cement Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.716 241.018 2.351
201609 1.497 241.428 2.048
201612 1.824 241.432 2.495
201703 1.600 243.801 2.167
201706 1.536 244.955 2.071
201709 1.643 246.819 2.198
201712 1.623 246.524 2.174
201803 1.696 249.554 2.244
201806 1.682 251.989 2.204
201809 1.632 252.439 2.135
201812 1.952 251.233 2.566
201903 1.726 254.202 2.242
201906 1.733 256.143 2.234
201909 1.700 256.759 2.186
201912 2.112 256.974 2.714
202003 1.822 258.115 2.331
202006 1.939 257.797 2.484
202009 1.886 260.280 2.393
202012 2.237 260.474 2.836
202103 2.094 264.877 2.611
202106 2.120 271.696 2.577
202109 2.138 274.310 2.574
202112 2.500 278.802 2.961
202203 2.227 287.504 2.558
202206 2.464 296.311 2.746
202209 2.582 296.808 2.873
202212 2.885 296.797 3.210
202303 2.668 301.836 2.919
202306 2.746 305.109 2.972
202309 2.722 307.789 2.920
202312 3.148 306.746 3.389
202403 2.774 312.332 2.933
202406 3.059 314.175 3.215
202409 2.723 315.301 2.852
202412 3.006 315.605 3.145
202503 2.801 319.799 2.892
202506 2.876 322.561 2.944
202509 2.753 324.800 2.799
202512 3.091 324.054 3.150
202603 2.550 330.213 2.550

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 Universal Cement (TPE:1104) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Cement stock appears to be undervalued. The current stock price of NT$26.80 is trading 12% below its estimated GF Value™ of NT$30.45. GuruFocus considers Universal Cement to be Modestly Undervalued.

Key valuation signals for TPE:1104:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$30.45 vs. price of NT$26.80 (12% below fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the TPE:1104 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Universal Cement Business Description

Address Nanking East Road, 10th Floor, No. 125, Section 2, Taipei, TWN, 104
Universal Cement Corporation is a Taiwan-based company predominantly engaged in manufacturing and selling cement and related construction materials. The company's reportable segments include Building materials and others. The majority of its revenue is generated from the building materials segment which is engaged in manufacturing and selling cement, concrete, and gypsum board. Geographically, key revenue for the company is derived from Taiwan.
83GF Score

Get the complete analysis for TPE:1104

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

NT$26.80
Price
NT$30.45
GF Value