Lucky Cement Co (TPE:1108) Cyclically Adjusted PS Ratio: 1.00 (As of Jul. 26, 2026) — 12% 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.

TPE:1108 Lucky Cement Co TPE:1108
76 GF Score
Price NT$12.15
GF Value NT$14.01
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Lucky Cement Co Cyclically Adjusted PS Ratio?

Lucky Cement Co TPE:1108 -0.41% 76 Cyclically Adjusted PS Ratio is 1.00 as of Jul. 26, 2026, which is 12% below its 10-year median of 1.13. GuruFocus rates TPE:1108 with a GF Score™ of 76/100 and a GF Value™ of NT$14.01 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 323 Building Materials companies, Lucky Cement Co ranks better than 50.46% on this metric.

As of today (2026-07-26), Lucky Cement Co's current share price is NT$12.15. Lucky Cement Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$12.13. Lucky Cement Co's Cyclically Adjusted PS Ratio for today is 1.00.

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

TPE:1108' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.52   Med: 1.13   Max: 1.54
Current: 1

During the past years, Lucky Cement Co's highest Cyclically Adjusted PS Ratio was 1.54. The lowest was 0.52. And the median was 1.13.

TPE:1108's Cyclically Adjusted PS Ratio is ranked better than
50.46% of 323 companies
in the Building Materials industry
Industry Median: 1 vs TPE:1108: 1.00

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.

Lucky Cement Co's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$2.516. 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$12.13 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lucky Cement Co  (TPE:1108) 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.


Lucky Cement Co Cyclically Adjusted PS Ratio Related Terms


Lucky Cement Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Lucky Cement Co'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.

Lucky Cement Co Cyclically Adjusted PS Ratio Chart

Lucky Cement Co 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 1.00 0.87 1.27 1.17 1.23

Lucky Cement Co 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 1.17 1.18 1.20 1.23 1.23

TPE:1108 vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Lucky Cement Co'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.


Lucky Cement Co Cyclically Adjusted PS Ratio vs Building Materials Industry

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

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


TPE:1108
76GF Score
Lucky Cement Co TPE:1108
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lucky Cement Co 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.

Lucky Cement Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.15/12.13
=1.00

* 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.

Lucky Cement Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, Lucky Cement Co'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)
=2.516/324.0540*324.0540
=2.516

Current CPI (Dec. 2025) = 324.0540.

Lucky Cement Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 2.447 238.132 3.330
201606 2.790 241.018 3.751
201609 2.538 241.428 3.407
201612 2.690 241.432 3.611
201703 2.204 243.801 2.929
201706 1.735 244.955 2.295
201709 2.455 246.819 3.223
201712 2.079 246.524 2.733
201803 2.057 249.554 2.671
201806 2.104 251.989 2.706
201809 1.843 252.439 2.366
201812 2.150 251.233 2.773
201903 2.061 254.202 2.627
201906 2.543 256.143 3.217
201909 2.516 256.759 3.175
201912 2.643 256.974 3.333
202003 2.726 258.115 3.422
202006 2.746 257.797 3.452
202009 2.755 260.280 3.430
202012 2.887 260.474 3.592
202103 2.577 264.877 3.153
202106 2.585 271.696 3.083
202109 2.135 274.310 2.522
202112 2.126 278.802 2.471
202203 2.171 287.504 2.447
202206 2.486 296.311 2.719
202209 2.639 296.808 2.881
202212 2.939 296.797 3.209
202303 2.689 301.836 2.887
202306 3.226 305.109 3.426
202309 3.159 307.789 3.326
202312 3.459 306.746 3.654
202403 2.938 312.332 3.048
202406 3.028 314.175 3.123
202409 2.864 315.301 2.944
202412 3.223 315.605 3.309
202503 2.986 319.799 3.026
202506 2.863 322.561 2.876
202509 2.606 324.800 2.600
202512 2.516 324.054 2.516

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 1.00 mean?
Lucky Cement Co (TPE:1108) has a Cyclically Adjusted PS Ratio of 1.00 as of Jul. 26, 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 Lucky Cement Co and its competitors. This is 12% below median its historical median of 1.13. Over the past decade, Lucky Cement Co's Cyclically Adjusted PS Ratio has ranged from 0.52 to 1.54. According to the industry distribution chart, Lucky Cement Co ranks #160 out of 323 companies in the Building Materials industry, placing it in the top 49.5%.
Is Lucky Cement Co's Cyclically Adjusted PS Ratio too high?
Lucky Cement Co's current Cyclically Adjusted PS Ratio of 1.00 is 12% below median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.54. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.00. Lucky Cement Co's value of 1.00 is 0% at this industry median. Based on the distribution chart, Lucky Cement Co ranks #160 out of 323 companies in the Building Materials industry, which is above the industry midpoint. Overall, Lucky Cement Co has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lucky Cement Co's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Lucky Cement Co ranks #160 out of 323 companies for Cyclically Adjusted PS Ratio. This puts Lucky Cement Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.00. Lucky Cement Co's value of 1.00 is 0% at this benchmark. Historically, Lucky Cement Co's own Cyclically Adjusted PS Ratio has ranged from 0.52 to 1.54 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.00, Lucky Cement Co has consistently been at 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 1.00, based on 323 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. Lucky Cement Co's current Cyclically Adjusted PS Ratio of 1.00 is 0% at 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 Lucky Cement Co and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lucky Cement Co's current Cyclically Adjusted PS Ratio is 1.00, which is 12% below median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lucky Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Lucky Cement Co (TPE:1108) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.01, compared to a current price of NT$12.15 — trading 13.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.00, which is 12% below median its 10-year median of 1.13 and 0% at the Building Materials industry median of 1.00. Lucky Cement Co's overall GF Score™ is 76/100 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 Lucky Cement Co (TPE:1108), the current Cyclically Adjusted PS Ratio is 1.00 as of Jul. 26, 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 Lucky Cement Co (TPE:1108) Overvalued in 2026?

Based on GuruFocus' analysis, Lucky Cement Co stock appears to be undervalued. The current stock price of NT$12.15 is trading 13.3% below its estimated GF Value™ of NT$14.01. GuruFocus considers Lucky Cement Co to be Modestly Undervalued.

Key valuation signals for TPE:1108:

  • Cyclically Adjusted PS Ratio: 1.00 (12% below median its 10-year median of 1.13)
  • GF Value™: NT$14.01 vs. price of NT$12.15 (13.3% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 0% at the Building Materials median (#160 of 323)

No single metric tells the full story. See the TPE:1108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lucky Cement Co Business Description

Address No.237, Songjiang Road, 15th Floor, Zhongshan District, Taipei, TWN
Lucky Cement Co is a cement manufacturer and its revenue mainly comes from sales of cement, stone materials, and other cement products. Its products include Portland cement which is suitable for the construction of a Reservoir, Dam, bridge foundation, wharf, harbor, and construction in coast areas, Slag and Ashes. Geographically the activities are carried out in Taiwan.
76GF Score

Get the complete analysis for TPE:1108

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

NT$12.15
Price
NT$14.01
GF Value