Kwong Fong Industries (TPE:1416) Cyclically Adjusted PS Ratio: 3.01 (As of Aug. 05, 2026) — 35% Above 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:1416 Kwong Fong Industries Corp TPE:1416
63 GF Score
Price NT$10.75
GF Value NT$15.96
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Kwong Fong Industries Cyclically Adjusted PS Ratio?

Kwong Fong Industries TPE:1416 -0.46% 63 Cyclically Adjusted PS Ratio is 3.01 as of Aug. 05, 2026, which is 35% above its 10-year median of 2.23. GuruFocus rates TPE:1416 with a GF Score™ of 63/100 and a GF Value™ of NT$15.96 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,590 Software companies, Kwong Fong Industries ranks worse than 66.67% on this metric.

As of today (2026-08-05), Kwong Fong Industries's current share price is NT$10.75. Kwong Fong Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$3.57. Kwong Fong Industries's Cyclically Adjusted PS Ratio for today is 3.01.

The historical rank and industry rank for Kwong Fong Industries's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:1416' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.7   Med: 2.23   Max: 3.28
Current: 3.01

During the past years, Kwong Fong Industries's highest Cyclically Adjusted PS Ratio was 3.28. The lowest was 1.70. And the median was 2.23.

TPE:1416's Cyclically Adjusted PS Ratio is ranked worse than
66.67% of 1590 companies
in the Software industry
Industry Median: 1.65 vs TPE:1416: 3.01

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.

Kwong Fong Industries's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$0.589. 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$3.57 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Kwong Fong Industries  (TPE:1416) 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.


Kwong Fong Industries Cyclically Adjusted PS Ratio Related Terms


Kwong Fong Industries Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Kwong Fong Industries'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.

Kwong Fong Industries Cyclically Adjusted PS Ratio Chart

Kwong Fong Industries 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 1.98 2.00 2.25 2.58 2.65

Kwong Fong Industries 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 2.75 2.60 2.49 2.65 3.19

TPE:1416 vs IBM, ACN, FISV: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Kwong Fong Industries'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.


Kwong Fong Industries Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Kwong Fong Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Kwong Fong Industries's Cyclically Adjusted PS Ratio falls into.


TPE:1416
63GF Score
Kwong Fong Industries Corp TPE:1416
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kwong Fong Industries 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.

Kwong Fong Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.75/3.57
=3.01

* 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.

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

For example, Kwong Fong Industries'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)
=0.589/330.2130*330.2130
=0.589

Current CPI (Mar. 2026) = 330.2130.

Kwong Fong Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.992 241.018 6.839
201609 0.599 241.428 0.819
201612 0.824 241.432 1.127
201703 5.133 243.801 6.952
201706 4.655 244.955 6.275
201709 0.549 246.819 0.734
201712 0.515 246.524 0.690
201803 0.304 249.554 0.402
201806 0.325 251.989 0.426
201809 0.412 252.439 0.539
201812 0.314 251.233 0.413
201903 0.304 254.202 0.395
201906 0.497 256.143 0.641
201909 0.318 256.759 0.409
201912 -0.952 256.974 -1.223
202003 0.001 258.115 0.001
202006 0.108 257.797 0.138
202009 0.001 260.280 0.001
202012 0.000 260.474 0.000
202103 0.197 264.877 0.246
202106 0.219 271.696 0.266
202109 0.482 274.310 0.580
202112 0.405 278.802 0.480
202203 0.299 287.504 0.343
202206 0.420 296.311 0.468
202209 0.345 296.808 0.384
202212 0.282 296.797 0.314
202303 0.427 301.836 0.467
202306 0.348 305.109 0.377
202309 0.379 307.789 0.407
202312 0.451 306.746 0.486
202403 0.425 312.332 0.449
202406 0.414 314.175 0.435
202409 0.456 315.301 0.478
202412 0.510 315.605 0.534
202503 0.432 319.799 0.446
202506 0.438 322.561 0.448
202509 0.462 324.800 0.470
202512 0.599 324.054 0.610
202603 0.589 330.213 0.589

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 3.01 mean?
Kwong Fong Industries (TPE:1416) has a Cyclically Adjusted PS Ratio of 3.01 as of Aug. 05, 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 Kwong Fong Industries and its competitors. This is 35% above median its historical median of 2.23. Over the past decade, Kwong Fong Industries' Cyclically Adjusted PS Ratio has ranged from 1.70 to 3.28. According to the industry distribution chart, Kwong Fong Industries ranks #1060 out of 1590 companies in the Software industry, placing it in the top 66.7%.
Is Kwong Fong Industries' Cyclically Adjusted PS Ratio too high?
Kwong Fong Industries' current Cyclically Adjusted PS Ratio of 3.01 is 35% above median its 10-year median of 2.23. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 3.28. The Software industry median Cyclically Adjusted PS Ratio is 1.65. Kwong Fong Industries' value of 3.01 is 82.4% above this industry median. Based on the distribution chart, Kwong Fong Industries ranks #1060 out of 1590 companies in the Software industry, which is below the industry midpoint. Overall, Kwong Fong Industries has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kwong Fong Industries' Cyclically Adjusted PS Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Kwong Fong Industries ranks #1060 out of 1590 companies for Cyclically Adjusted PS Ratio. This places Kwong Fong Industries in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.65. Kwong Fong Industries' value of 3.01 is 82.4% above this benchmark. Historically, Kwong Fong Industries' own Cyclically Adjusted PS Ratio has ranged from 1.70 to 3.28 over the past decade. While the company's 10-year median is 2.23 vs. the industry median of 1.65, Kwong Fong Industries 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 Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.65, based on 1,590 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. Kwong Fong Industries's current Cyclically Adjusted PS Ratio of 3.01 is 82.4% 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 Kwong Fong Industries and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kwong Fong Industries's current Cyclically Adjusted PS Ratio is 3.01, which is 35% above median its own 10-year median of 2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwong Fong Industries stock overvalued right now?
Based on GuruFocus' analysis, Kwong Fong Industries (TPE:1416) is currently considered Possible Value Trap. The stock's GF Value™ is NT$15.96, compared to a current price of NT$10.75 — trading 32.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.01, which is 35% above median its 10-year median of 2.23 and 82.4% above the Software industry median of 1.65. Kwong Fong Industries' overall GF Score™ is 63/100 with 6 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 Kwong Fong Industries (TPE:1416), the current Cyclically Adjusted PS Ratio is 3.01 as of Aug. 05, 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 Kwong Fong Industries (TPE:1416) Overvalued in 2026?

Based on GuruFocus' analysis, Kwong Fong Industries stock appears to be undervalued. The current stock price of NT$10.75 is trading 32.6% below its estimated GF Value™ of NT$15.96. GuruFocus considers Kwong Fong Industries to be Possible Value Trap.

Key valuation signals for TPE:1416:

  • Cyclically Adjusted PS Ratio: 3.01 (35% above median its 10-year median of 2.23)
  • GF Value™: NT$15.96 vs. price of NT$10.75 (32.6% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 82.4% above the Software median (#1060 of 1590)

No single metric tells the full story. See the TPE:1416 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kwong Fong Industries Business Description

Address Dunhua South Road, 28th Floor, No. 97, Section 2, Daan District, Taipei, TWN, 106
Kwong Fong Industries Corp main business items include housing and building development and rental, real estate business, mall management, information software services, and electronic information supply services. The company's segment includes the Kwong Fong Department, the Pao Fong Asset Management Department, the Kwong Fong Holdings Department, and the Digital Technology Department. The company generates the majority of its revenue from the Digital Technology Department, which is engaged in Information Software Services. The company generates all of its revenue from Taiwan. The company's revenue is derived from information services, software sales, and real estate sales.
63GF Score

Get the complete analysis for TPE:1416

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

NT$10.75
Price
NT$15.96
GF Value