TRK (TPE:1432) Cyclically Adjusted PS Ratio: (As of Jul. 30, 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
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:1432 TRK Corp TPE:1432
54 GF Score
Price NT$15.00
GF Value NT$14.52
Valuation Fairly Valued
! 9 Warning Signs
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What is TRK Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


TRK  (TPE:1432) 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.


TRK Cyclically Adjusted PS Ratio Related Terms


TRK Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TRK'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.

TRK Cyclically Adjusted PS Ratio Chart

TRK 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 0.97 0.99 1.40 0.06 0.03

TRK 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 0.02 0.02 0.02 0.03 0.00

TPE:1432 vs AS, HAS, LTH: Cyclically Adjusted PS Ratio Comparison

For the Leisure subindustry, TRK'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.


TRK Cyclically Adjusted PS Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, TRK's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:1432
54GF Score
TRK Corp TPE:1432
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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TRK 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.

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

For example, TRK'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)
=1.839/330.2130*330.2130
=1.839

Current CPI (Mar. 2026) = 330.2130.

TRK Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.262 241.018 4.469
201609 3.906 241.428 5.342
201612 2.891 241.432 3.954
201703 3.996 243.801 5.412
201706 3.819 244.955 5.148
201709 4.129 246.819 5.524
201712 3.206 246.524 4.294
201803 2.632 249.554 3.483
201806 2.689 251.989 3.524
201809 4.773 252.439 6.244
201812 2.730 251.233 3.588
201903 4.054 254.202 5.266
201906 3.780 256.143 4.873
201909 4.011 256.759 5.158
201912 3.399 256.974 4.368
202003 4.230 258.115 5.412
202006 3.421 257.797 4.382
202009 4.089 260.280 5.188
202012 3.374 260.474 4.277
202103 3.147 264.877 3.923
202106 1.857 271.696 2.257
202109 2.046 274.310 2.463
202112 3.447 278.802 4.083
202203 2.980 287.504 3.423
202206 2.539 296.311 2.829
202209 3.731 296.808 4.151
202212 3.304 296.797 3.676
202303 3.524 301.836 3.855
202306 3.686 305.109 3.989
202309 4.209 307.789 4.516
202312 3.442 306.746 3.705
202403 3,626.178 312.332 3,833.777
202406 3.378 314.175 3.550
202409 3.251 315.301 3.405
202412 2.790 315.605 2.919
202503 3.476 319.799 3.589
202506 3.081 322.561 3.154
202509 3.336 324.800 3.392
202512 2.860 324.054 2.914
202603 1.839 330.213 1.839

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 TRK (TPE:1432) Overvalued in 2026?

Based on GuruFocus' analysis, TRK stock appears to be overvalued. The current stock price of NT$15.00 is trading 3.3% above its estimated GF Value™ of NT$14.52. GuruFocus considers TRK to be Fairly Valued.

Key valuation signals for TPE:1432:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$14.52 vs. price of NT$15.00 (3.3% above fair value)
  • GF Score™: 54/100 with 9 warning signs

No single metric tells the full story. See the TPE:1432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TRK Business Description

Address No 186, Sec 4, Fusing Road, East District, Taichung, TWN
TRK Corp, formerly Taroko Co Ltd is engaged in the development business of department stores and shopping centres, recreational activities venue business, other leisure services, retail services of educational and entertainment materials, and international trading business. The company segments include: Strategic business segment, Construction segment, Shopping centres development segment, and Leisure and recreation segment. It earns maximum revenue from the Leisure and recreation segment.
54GF Score

Get the complete analysis for TPE:1432

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

NT$15.00
Price
NT$14.52
GF Value