Taiwan Glass Ind (TPE:1802) Cyclically Adjusted PS Ratio: 2.73 (As of Jul. 27, 2026) — 179% 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:1802 Taiwan Glass Ind Corp TPE:1802
45 GF Score
Price NT$51.00
GF Value NT$18.84
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Taiwan Glass Ind Cyclically Adjusted PS Ratio?

Taiwan Glass Ind TPE:1802 -6.08% 45 Cyclically Adjusted PS Ratio is 2.73 as of Jul. 27, 2026, which is 179% above its 10-year median of 0.98. GuruFocus rates TPE:1802 with a GF Score™ of 45/100 and a GF Value™ of NT$18.84 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 323 Building Materials companies, Taiwan Glass Ind ranks worse than 81.42% on this metric.

As of today (2026-07-27), Taiwan Glass Ind's current share price is NT$51.00. Taiwan Glass Ind's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$18.66. Taiwan Glass Ind's Cyclically Adjusted PS Ratio for today is 2.73.

The historical rank and industry rank for Taiwan Glass Ind's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:1802' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.41   Med: 0.98   Max: 3.98
Current: 2.73

During the past years, Taiwan Glass Ind's highest Cyclically Adjusted PS Ratio was 3.98. The lowest was 0.41. And the median was 0.98.

TPE:1802's Cyclically Adjusted PS Ratio is ranked worse than
81.42% of 323 companies
in the Building Materials industry
Industry Median: 1 vs TPE:1802: 2.73

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.

Taiwan Glass Ind's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$3.522. 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$18.66 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Taiwan Glass Ind  (TPE:1802) 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.


Taiwan Glass Ind Cyclically Adjusted PS Ratio Related Terms


Taiwan Glass Ind Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Taiwan Glass Ind'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.

Taiwan Glass Ind Cyclically Adjusted PS Ratio Chart

Taiwan Glass Ind 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 1.49 1.12 0.99 0.87 1.87

Taiwan Glass Ind 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 0.85 0.85 1.46 1.87 2.78

TPE:1802 vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Taiwan Glass Ind'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.


Taiwan Glass Ind Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Taiwan Glass Ind's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:1802
45GF Score
Taiwan Glass Ind Corp TPE:1802
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Glass Ind 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.

Taiwan Glass Ind's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=51.00/18.66
=2.73

* 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.

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

For example, Taiwan Glass Ind'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)
=3.522/330.2130*330.2130
=3.522

Current CPI (Mar. 2026) = 330.2130.

Taiwan Glass Ind Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.278 241.018 5.861
201609 4.313 241.428 5.899
201612 3.897 241.432 5.330
201703 3.342 243.801 4.527
201706 3.531 244.955 4.760
201709 4.160 246.819 5.566
201712 4.322 246.524 5.789
201803 3.780 249.554 5.002
201806 4.110 251.989 5.386
201809 3.923 252.439 5.132
201812 3.847 251.233 5.056
201903 3.053 254.202 3.966
201906 3.505 256.143 4.519
201909 3.937 256.759 5.063
201912 3.925 256.974 5.044
202003 2.420 258.115 3.096
202006 3.307 257.797 4.236
202009 4.167 260.280 5.287
202012 4.582 260.474 5.809
202103 3.998 264.877 4.984
202106 5.209 271.696 6.331
202109 5.113 274.310 6.155
202112 4.605 278.802 5.454
202203 3.916 287.504 4.498
202206 4.101 296.311 4.570
202209 3.582 296.808 3.985
202212 3.916 296.797 4.357
202303 3.360 301.836 3.676
202306 3.922 305.109 4.245
202309 4.409 307.789 4.730
202312 4.135 306.746 4.451
202403 3.393 312.332 3.587
202406 3.885 314.175 4.083
202409 3.504 315.301 3.670
202412 3.975 315.605 4.159
202503 3.319 319.799 3.427
202506 3.570 322.561 3.655
202509 3.870 324.800 3.934
202512 3.711 324.054 3.782
202603 3.522 330.213 3.522

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 2.73 mean?
Taiwan Glass Ind (TPE:1802) has a Cyclically Adjusted PS Ratio of 2.73 as of Jul. 27, 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 Taiwan Glass Ind and its competitors. This is 179% above median its historical median of 0.98. Over the past decade, Taiwan Glass Ind's Cyclically Adjusted PS Ratio has ranged from 0.41 to 3.98. According to the industry distribution chart, Taiwan Glass Ind ranks #263 out of 323 companies in the Building Materials industry, placing it in the top 81.4%.
Is Taiwan Glass Ind's Cyclically Adjusted PS Ratio too high?
Taiwan Glass Ind's current Cyclically Adjusted PS Ratio of 2.73 is 179% above median its 10-year median of 0.98. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 3.98. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.00. Taiwan Glass Ind's value of 2.73 is 173% above this industry median. Based on the distribution chart, Taiwan Glass Ind ranks #263 out of 323 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Taiwan Glass Ind has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Glass Ind's Cyclically Adjusted PS Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Taiwan Glass Ind ranks #263 out of 323 companies for Cyclically Adjusted PS Ratio. This places Taiwan Glass Ind in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.00. Taiwan Glass Ind's value of 2.73 is 173% above this benchmark. Historically, Taiwan Glass Ind's own Cyclically Adjusted PS Ratio has ranged from 0.41 to 3.98 over the past decade. While the company's 10-year median is 0.98 vs. the industry median of 1.00, Taiwan Glass Ind 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. Taiwan Glass Ind's current Cyclically Adjusted PS Ratio of 2.73 is 173% 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 Taiwan Glass Ind 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. Taiwan Glass Ind's current Cyclically Adjusted PS Ratio is 2.73, which is 179% above median its own 10-year median of 0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Glass Ind stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Glass Ind (TPE:1802) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.84, compared to a current price of NT$51.00 — trading 170.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.73, which is 179% above median its 10-year median of 0.98 and 173% above the Building Materials industry median of 1.00. Taiwan Glass Ind's overall GF Score™ is 45/100 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 Taiwan Glass Ind (TPE:1802), the current Cyclically Adjusted PS Ratio is 2.73 as of Jul. 27, 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 Taiwan Glass Ind (TPE:1802) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Glass Ind stock appears to be overvalued. The current stock price of NT$51.00 is trading 170.7% above its estimated GF Value™ of NT$18.84. GuruFocus considers Taiwan Glass Ind to be Significantly Overvalued.

Key valuation signals for TPE:1802:

  • Cyclically Adjusted PS Ratio: 2.73 (179% above median its 10-year median of 0.98)
  • GF Value™: NT$18.84 vs. price of NT$51.00 (170.7% above fair value)
  • GF Score™: 45/100 with 5 warning signs
  • Industry Position: 173% above the Building Materials median (#263 of 323)

No single metric tells the full story. See the TPE:1802 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Glass Ind Business Description

Address No. 261, Section 3, Nanjing East Road, 11th Floor, TG Building, Songshan District, Taipei, TWN, 105-405
Taiwan Glass Ind Corp is engaged in the manufacturing, processing, and selling of various glass products. Its products include flat glass, auto glass, ultra-thin glass, photoelectric glass, fiber glass, and containers, tableware & kitchenware. The company's segments include Flat Glass Segment, engaged in the manufacturing and selling of flat glass; Glass Container Segment, engaged in the manufacturing and selling of glass containers; and Glass Fiber Segment, engaged in the manufacturing and selling of glass fibers. It derives the majority of its revenue from the Flat Glass segment. Geographically, its operations are spread across Taiwan, China, and Other countries.
45GF Score

Get the complete analysis for TPE:1802

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

NT$51.00
Price
NT$18.84
GF Value