Southeast Cement Co (TPE:1110) Cyclically Adjusted PS Ratio: 3.88 (As of Aug. 04, 2026) — 24% 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:1110 Southeast Cement Co Ltd TPE:1110
73 GF Score
Price NT$15.90
GF Value NT$22.95
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Southeast Cement Co Cyclically Adjusted PS Ratio?

Southeast Cement Co TPE:1110 -0.62% 73 Cyclically Adjusted PS Ratio is 3.88 as of Aug. 04, 2026, which is 24% below its 10-year median of 5.09. GuruFocus rates TPE:1110 with a GF Score™ of 73/100 and a GF Value™ of NT$22.95 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 323 Building Materials companies, Southeast Cement Co ranks worse than 88.85% on this metric.

As of today (2026-08-04), Southeast Cement Co's current share price is NT$15.90. Southeast Cement Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$4.10. Southeast Cement Co's Cyclically Adjusted PS Ratio for today is 3.88.

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

TPE:1110' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.78   Med: 5.09   Max: 6.47
Current: 3.91

During the past years, Southeast Cement Co's highest Cyclically Adjusted PS Ratio was 6.47. The lowest was 3.78. And the median was 5.09.

TPE:1110's Cyclically Adjusted PS Ratio is ranked worse than
88.85% of 323 companies
in the Building Materials industry
Industry Median: 1 vs TPE:1110: 3.91

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.

Southeast Cement Co's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$1.134. 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$4.10 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Southeast Cement Co  (TPE:1110) 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.


Southeast Cement Co Cyclically Adjusted PS Ratio Related Terms


Southeast Cement Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Southeast 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.

Southeast Cement Co Cyclically Adjusted PS Ratio Chart

Southeast 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 5.80 5.14 5.09 5.36 4.14

Southeast Cement Co 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 4.67 4.93 4.12 4.14 3.74

TPE:1110 vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Southeast 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.


Southeast Cement Co Cyclically Adjusted PS Ratio vs Building Materials Industry

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

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


TPE:1110
73GF Score
Southeast Cement Co Ltd TPE:1110
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Southeast 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=15.90/4.10
=3.88

* 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.

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

For example, Southeast Cement Co'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)
=1.134/330.2130*330.2130
=1.134

Current CPI (Mar. 2026) = 330.2130.

Southeast Cement Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.666 241.018 0.912
201609 0.668 241.428 0.914
201612 0.686 241.432 0.938
201703 0.619 243.801 0.838
201706 0.498 244.955 0.671
201709 0.892 246.819 1.193
201712 1.009 246.524 1.352
201803 0.724 249.554 0.958
201806 0.665 251.989 0.871
201809 0.653 252.439 0.854
201812 0.877 251.233 1.153
201903 0.732 254.202 0.951
201906 0.746 256.143 0.962
201909 0.509 256.759 0.655
201912 0.783 256.974 1.006
202003 0.681 258.115 0.871
202006 0.684 257.797 0.876
202009 0.588 260.280 0.746
202012 0.796 260.474 1.009
202103 0.680 264.877 0.848
202106 0.995 271.696 1.209
202109 0.736 274.310 0.886
202112 0.883 278.802 1.046
202203 0.778 287.504 0.894
202206 0.522 296.311 0.582
202209 0.810 296.808 0.901
202212 0.986 296.797 1.097
202303 0.926 301.836 1.013
202306 1.103 305.109 1.194
202309 0.886 307.789 0.951
202312 1.060 306.746 1.141
202403 1.012 312.332 1.070
202406 1.019 314.175 1.071
202409 1.560 315.301 1.634
202412 1.403 315.605 1.468
202503 1.293 319.799 1.335
202506 1.313 322.561 1.344
202509 1.129 324.800 1.148
202512 1.242 324.054 1.266
202603 1.134 330.213 1.134

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 3.88 mean?
Southeast Cement Co (TPE:1110) has a Cyclically Adjusted PS Ratio of 3.88 as of Aug. 04, 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 Southeast Cement Co and its competitors. This is 24% below median its historical median of 5.09. Over the past decade, Southeast Cement Co's Cyclically Adjusted PS Ratio has ranged from 3.78 to 6.47. According to the industry distribution chart, Southeast Cement Co ranks #287 out of 323 companies in the Building Materials industry, placing it in the top 88.9%.
Is Southeast Cement Co's Cyclically Adjusted PS Ratio too high?
Southeast Cement Co's current Cyclically Adjusted PS Ratio of 3.88 is 24% below median its 10-year median of 5.09. Over the past 10 years, this metric has ranged from a low of 3.78 to a high of 6.47. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.00. Southeast Cement Co's value of 3.88 is 288% above this industry median. Based on the distribution chart, Southeast Cement Co ranks #287 out of 323 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Southeast Cement Co has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Southeast Cement Co's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Southeast Cement Co ranks #287 out of 323 companies for Cyclically Adjusted PS Ratio. This places Southeast Cement Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.00. Southeast Cement Co's value of 3.88 is 288% above this benchmark. Historically, Southeast Cement Co's own Cyclically Adjusted PS Ratio has ranged from 3.78 to 6.47 over the past decade. While the company's 10-year median is 5.09 vs. the industry median of 1.00, Southeast Cement Co 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 1.00, 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. Southeast Cement Co's current Cyclically Adjusted PS Ratio of 3.88 is 288% 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 Southeast 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. Southeast Cement Co's current Cyclically Adjusted PS Ratio is 3.88, which is 24% below median its own 10-year median of 5.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southeast Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Southeast Cement Co (TPE:1110) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$22.95, compared to a current price of NT$15.90 — trading 30.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.88, which is 24% below median its 10-year median of 5.09 and 288% above the Building Materials industry median of 1.00. Southeast Cement Co's overall GF Score™ is 73/100 with 5 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 Southeast Cement Co (TPE:1110), the current Cyclically Adjusted PS Ratio is 3.88 as of Aug. 04, 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 Southeast Cement Co (TPE:1110) Overvalued in 2026?

Based on GuruFocus' analysis, Southeast Cement Co stock appears to be undervalued. The current stock price of NT$15.90 is trading 30.7% below its estimated GF Value™ of NT$22.95. GuruFocus considers Southeast Cement Co to be Significantly Undervalued.

Key valuation signals for TPE:1110:

  • Cyclically Adjusted PS Ratio: 3.88 (24% below median its 10-year median of 5.09)
  • GF Value™: NT$22.95 vs. price of NT$15.90 (30.7% below fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 288% above the Building Materials median (#287 of 323)

No single metric tells the full story. See the TPE:1110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Southeast Cement Co Business Description

Address WuFu 3rd Road, No.21, 4th Floor - 1, Qianjin District, Kaohsiung City, TWN, 801
Southeast Cement Co Ltd is mainly engaged in the manufacturing and sale of cement-related products. Its main business activities include manufacturing and selling cement, furnace slag powder, cement processed products, and ready-mixed concrete. Its products include Bootland Type 1 Cement and Water-quenched Blast Furnace Slag Powder. The Company operates through four reportable segments: Production Department, which generates the maximum revenue and is engaged in the production and sales of cement and furnace slag powder; Lease Department, engaged in the rental business of properties such as land and factories; Construction Department, engaged in the construction of residences and sales business; and Engineering Department, engaged in contracting construction and engineering services.
73GF Score

Get the complete analysis for TPE:1110

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

NT$15.90
Price
NT$22.95
GF Value