China Electric Mfg (TPE:1611) Cyclically Adjusted PS Ratio: (As of Aug. 24, 2026)

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:1611 China Electric Mfg Corp TPE:1611
66 GF Score
Price NT$12.20
GF Value NT$11.78
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is China Electric Mfg Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


China Electric Mfg  (TPE:1611) 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.


China Electric Mfg Cyclically Adjusted PS Ratio Related Terms


China Electric Mfg Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Electric Mfg'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.

China Electric Mfg Cyclically Adjusted PS Ratio Chart

China Electric Mfg 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 2.16 1.53 2.02 2.07 1.85

China Electric Mfg Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.72 1.79 1.85 1.73 0.00

TPE:1611 vs SN, SGI, MHK: Cyclically Adjusted PS Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, China Electric Mfg'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.


China Electric Mfg Cyclically Adjusted PS Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, China Electric Mfg's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:1611
66GF Score
China Electric Mfg Corp TPE:1611
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Electric Mfg 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.

China Electric Mfg's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, China Electric Mfg's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.808/333.9520*333.9520
=0.808

Current CPI (Jun. 2026) = 333.9520.

China Electric Mfg Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.874 241.428 2.592
201612 2.190 241.432 3.029
201703 2.056 243.801 2.816
201706 1.919 244.955 2.616
201709 2.136 246.819 2.890
201712 2.164 246.524 2.931
201803 2.022 249.554 2.706
201806 1.909 251.989 2.530
201809 1.560 252.439 2.064
201812 1.230 251.233 1.635
201903 1.599 254.202 2.101
201906 1.853 256.143 2.416
201909 1.822 256.759 2.370
201912 1.539 256.974 2.000
202003 1.581 258.115 2.046
202006 1.379 257.797 1.786
202009 1.548 260.280 1.986
202012 1.492 260.474 1.913
202103 1.427 264.877 1.799
202106 1.312 271.696 1.613
202109 1.282 274.310 1.561
202112 1.450 278.802 1.737
202203 1.214 287.504 1.410
202206 1.300 296.311 1.465
202209 1.129 296.808 1.270
202212 1.215 296.797 1.367
202303 1.021 301.836 1.130
202306 0.986 305.109 1.079
202309 1.065 307.789 1.156
202312 1.182 306.746 1.287
202403 0.879 312.332 0.940
202406 0.958 314.175 1.018
202409 0.832 315.301 0.881
202412 0.920 315.605 0.973
202503 0.875 319.799 0.914
202506 0.877 322.561 0.908
202509 0.764 324.800 0.786
202512 0.768 324.054 0.791
202603 0.777 330.213 0.786
202606 0.808 333.952 0.808

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 China Electric Mfg (TPE:1611) Overvalued in 2026?

Based on GuruFocus' analysis, China Electric Mfg stock appears to be overvalued. The current stock price of NT$12.20 is trading 3.6% above its estimated GF Value™ of NT$11.78. GuruFocus considers China Electric Mfg to be Fairly Valued.

Key valuation signals for TPE:1611:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$11.78 vs. price of NT$12.20 (3.6% above fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the TPE:1611 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Electric Mfg Business Description

Address No. 124, Xingshan Road, 2nd Floor, Neihu District, Taipei, TWN, 114763
China Electric Mfg Corp is a manufacturing enterprise. The company's business activities include manufacturing and selling electrical appliances, lighting products and related accessories; import and export trade of products; acts as an agent for domestic and foreign firm's quotation, distribution, and tendering business; and authorizes domestic and foreign firms to process and sell electrical appliances.
66GF Score

Get the complete analysis for TPE:1611

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

NT$12.20
Price
NT$11.78
GF Value