Hsing Ta Cement Co (TPE:1109) Cyclically Adjusted PS Ratio: 0.66 (As of Jul. 28, 2026) — 28% Below Median

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TPE:1109 Hsing Ta Cement Co Ltd TPE:1109
71 GF Score
Price NT$13.70
GF Value NT$13.45
Valuation Fairly Valued
! 4 Warning Signs
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What is Hsing Ta Cement Co Cyclically Adjusted PS Ratio?

Hsing Ta Cement Co TPE:1109 -0.72% 71 Cyclically Adjusted PS Ratio is 0.66 as of Jul. 28, 2026, which is 28% below its 10-year median of 0.92. GuruFocus rates TPE:1109 with a GF Score™ of 71/100 and a GF Value™ of NT$13.45 (Fairly Valued). The stock has 4 warning signs investors should review. Among 323 Building Materials companies, Hsing Ta Cement Co ranks better than 65.02% on this metric.

As of today (2026-07-28), Hsing Ta Cement Co's current share price is NT$13.70. Hsing Ta Cement Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$20.84. Hsing Ta Cement Co's Cyclically Adjusted PS Ratio for today is 0.66.

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

TPE:1109' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.66   Med: 0.92   Max: 1.82
Current: 0.66

During the past years, Hsing Ta Cement Co's highest Cyclically Adjusted PS Ratio was 1.82. The lowest was 0.66. And the median was 0.92.

TPE:1109's Cyclically Adjusted PS Ratio is ranked better than
65.02% of 323 companies
in the Building Materials industry
Industry Median: 1 vs TPE:1109: 0.66

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.

Hsing Ta Cement Co's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$3.271. 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$20.84 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Hsing Ta Cement Co  (TPE:1109) 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.


Hsing Ta Cement Co Cyclically Adjusted PS Ratio Related Terms


Hsing Ta Cement Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hsing Ta 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.

Hsing Ta Cement Co Cyclically Adjusted PS Ratio Chart

Hsing Ta 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 1.18 0.81 0.90 0.86 0.74

Hsing Ta 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 0.86 0.84 0.80 0.75 0.74

TPE:1109 vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Hsing Ta 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.


Hsing Ta Cement Co Cyclically Adjusted PS Ratio vs Building Materials Industry

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

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


TPE:1109
71GF Score
Hsing Ta Cement Co Ltd TPE:1109
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hsing Ta 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.70/20.84
=0.66

* 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.

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

For example, Hsing Ta 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)
=3.271/324.0540*324.0540
=3.271

Current CPI (Dec. 2025) = 324.0540.

Hsing Ta Cement Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 2.434 238.132 3.312
201606 3.129 241.018 4.207
201609 2.812 241.428 3.774
201612 3.659 241.432 4.911
201703 2.692 243.801 3.578
201706 3.703 244.955 4.899
201709 4.083 246.819 5.361
201712 3.906 246.524 5.134
201803 2.940 249.554 3.818
201806 4.881 251.989 6.277
201809 5.410 252.439 6.945
201812 5.752 251.233 7.419
201903 3.961 254.202 5.049
201906 6.506 256.143 8.231
201909 5.970 256.759 7.535
201912 6.407 256.974 8.079
202003 3.394 258.115 4.261
202006 6.117 257.797 7.689
202009 5.690 260.280 7.084
202012 6.903 260.474 8.588
202103 5.280 264.877 6.460
202106 5.490 271.696 6.548
202109 4.304 274.310 5.084
202112 6.451 278.802 7.498
202203 3.612 287.504 4.071
202206 4.902 296.311 5.361
202209 4.887 296.808 5.336
202212 5.001 296.797 5.460
202303 3.902 301.836 4.189
202306 4.969 305.109 5.278
202309 4.658 307.789 4.904
202312 4.765 306.746 5.034
202403 3.207 312.332 3.327
202406 3.990 314.175 4.115
202409 3.076 315.301 3.161
202412 3.283 315.605 3.371
202503 2.889 319.799 2.927
202506 3.672 322.561 3.689
202509 3.142 324.800 3.135
202512 3.271 324.054 3.271

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 0.66 mean?
Hsing Ta Cement Co (TPE:1109) has a Cyclically Adjusted PS Ratio of 0.66 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 Hsing Ta Cement Co and its competitors. This is 28% below median its historical median of 0.92. Over the past decade, Hsing Ta Cement Co's Cyclically Adjusted PS Ratio has ranged from 0.66 to 1.82. According to the industry distribution chart, Hsing Ta Cement Co ranks #113 out of 323 companies in the Building Materials industry, placing it in the top 35%.
Is Hsing Ta Cement Co's Cyclically Adjusted PS Ratio too high?
Hsing Ta Cement Co's current Cyclically Adjusted PS Ratio of 0.66 is 28% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.82. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.00. Hsing Ta Cement Co's value of 0.66 is 34% below this industry median. Based on the distribution chart, Hsing Ta Cement Co ranks #113 out of 323 companies in the Building Materials industry, which is above the industry midpoint. Overall, Hsing Ta Cement Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hsing Ta Cement Co's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Hsing Ta Cement Co ranks #113 out of 323 companies for Cyclically Adjusted PS Ratio. This puts Hsing Ta Cement Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.00. Hsing Ta Cement Co's value of 0.66 is 34% below this benchmark. Historically, Hsing Ta Cement Co's own Cyclically Adjusted PS Ratio has ranged from 0.66 to 1.82 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.00, Hsing Ta Cement Co has consistently been below 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. Hsing Ta Cement Co's current Cyclically Adjusted PS Ratio of 0.66 is 34% below 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 Hsing Ta 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. Hsing Ta Cement Co's current Cyclically Adjusted PS Ratio is 0.66, which is 28% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsing Ta Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Hsing Ta Cement Co (TPE:1109) is currently considered Fairly Valued. The stock's GF Value™ is NT$13.45, compared to a current price of NT$13.70 — trading 1.9% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.66, which is 28% below median its 10-year median of 0.92 and 34% below the Building Materials industry median of 1.00. Hsing Ta Cement Co's overall GF Score™ is 71/100 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 Hsing Ta Cement Co (TPE:1109), the current Cyclically Adjusted PS Ratio is 0.66 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 Hsing Ta Cement Co (TPE:1109) Overvalued in 2026?

Based on GuruFocus' analysis, Hsing Ta Cement Co stock appears to be overvalued. The current stock price of NT$13.70 is trading 1.9% above its estimated GF Value™ of NT$13.45. GuruFocus considers Hsing Ta Cement Co to be Fairly Valued.

Key valuation signals for TPE:1109:

  • Cyclically Adjusted PS Ratio: 0.66 (28% below median its 10-year median of 0.92)
  • GF Value™: NT$13.45 vs. price of NT$13.70 (1.9% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 34% below the Building Materials median (#113 of 323)

No single metric tells the full story. See the TPE:1109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hsing Ta Cement Co Business Description

Address Baoqing Road, 7th floor, No.37, Zhongzheng District, Taipei, TWN, 100
Hsing Ta Cement Co Ltd is engaged in quarrying, processing, warehousing, and distribution of minerals, manufacturing, processing, warehousing, and distribution of limestone chemicals, cement products and limestone related industry, treatment of general waste, sales and leasing of real estate, consultancy of building management, etc. It offers products such as Bootland Cement Type I Cement, Botland Type I Low Alkali Cement, Jinghao dry-mixed cement sand type III, and Others. The Company mainly operates businesses in Taiwan and China. It generates the majority of its revenue from China.
71GF Score

Get the complete analysis for TPE:1109

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

NT$13.70
Price
NT$13.45
GF Value