China Glaze Co (TPE:1809) Cyclically Adjusted PS Ratio: 2.21 (As of Jul. 24, 2026) — 180% Above Median

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TPE:1809 China Glaze Co Ltd TPE:1809
61 GF Score
Price NT$36.90
GF Value NT$18.68
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is China Glaze Co Cyclically Adjusted PS Ratio?

China Glaze Co TPE:1809 -4.77% 61 Cyclically Adjusted PS Ratio is 2.21 as of Jul. 24, 2026, which is 180% above its 10-year median of 0.79. GuruFocus rates TPE:1809 with a GF Score™ of 61/100 and a GF Value™ of NT$18.68 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,358 Construction companies, China Glaze Co ranks worse than 82.99% on this metric.

As of today (2026-07-24), China Glaze Co's current share price is NT$36.90. China Glaze Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$16.69. China Glaze Co's Cyclically Adjusted PS Ratio for today is 2.21.

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

TPE:1809' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.34   Med: 0.79   Max: 3.57
Current: 2.39

During the past years, China Glaze Co's highest Cyclically Adjusted PS Ratio was 3.57. The lowest was 0.34. And the median was 0.79.

TPE:1809's Cyclically Adjusted PS Ratio is ranked worse than
82.99% of 1358 companies
in the Construction industry
Industry Median: 0.7 vs TPE:1809: 2.39

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.

China Glaze Co's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$3.808. 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$16.69 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


China Glaze Co  (TPE:1809) 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 Glaze Co Cyclically Adjusted PS Ratio Related Terms


China Glaze Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for China Glaze 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.

China Glaze Co Cyclically Adjusted PS Ratio Chart

China Glaze 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 0.88 0.67 0.89 1.17 1.05

China Glaze Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 1.17 0.98 0.93 1.15 1.05

TPE:1809 vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, China Glaze 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.


China Glaze Co Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, China Glaze Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:1809
61GF Score
China Glaze Co Ltd TPE:1809
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Glaze 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.

China Glaze Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=36.90/16.69
=2.21

* 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 Glaze Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 is calculated as:

For example, China Glaze Co's adjusted Revenue per Share data for the three months ended in Dec. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=3.808/324.0540*324.0540
=3.808

Current CPI (Dec. 2025) = 324.0540.

China Glaze Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 3.321 238.132 4.519
201606 3.771 241.018 5.070
201609 3.348 241.428 4.494
201612 3.557 241.432 4.774
201703 3.227 243.801 4.289
201706 3.427 244.955 4.534
201709 3.942 246.819 5.176
201712 3.708 246.524 4.874
201803 3.256 249.554 4.228
201806 4.214 251.989 5.419
201809 4.119 252.439 5.288
201812 3.468 251.233 4.473
201903 2.950 254.202 3.761
201906 3.705 256.143 4.687
201909 3.443 256.759 4.345
201912 3.356 256.974 4.232
202003 2.859 258.115 3.589
202006 1.986 257.797 2.496
202009 3.338 260.280 4.156
202012 3.128 260.474 3.892
202103 3.101 264.877 3.794
202106 3.347 271.696 3.992
202109 3.057 274.310 3.611
202112 3.553 278.802 4.130
202203 3.645 287.504 4.108
202206 3.993 296.311 4.367
202209 4.398 296.808 4.802
202212 3.613 296.797 3.945
202303 3.125 301.836 3.355
202306 4.187 305.109 4.447
202309 3.784 307.789 3.984
202312 3.721 306.746 3.931
202403 3.538 312.332 3.671
202406 3.392 314.175 3.499
202409 3.530 315.301 3.628
202412 3.842 315.605 3.945
202503 3.442 319.799 3.488
202506 4.155 322.561 4.174
202509 3.954 324.800 3.945
202512 3.808 324.054 3.808

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.

What does a Cyclically Adjusted PS Ratio of 2.21 mean?
China Glaze Co (TPE:1809) has a Cyclically Adjusted PS Ratio of 2.21 as of Jul. 24, 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 China Glaze Co and its competitors. This is 180% above median its historical median of 0.79. Over the past decade, China Glaze Co's Cyclically Adjusted PS Ratio has ranged from 0.34 to 3.57. According to the industry distribution chart, China Glaze Co ranks #1127 out of 1358 companies in the Construction industry, placing it in the top 83%.
Is China Glaze Co's Cyclically Adjusted PS Ratio too high?
China Glaze Co's current Cyclically Adjusted PS Ratio of 2.21 is 180% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 3.57. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. China Glaze Co's value of 2.21 is 215.7% above this industry median. Based on the distribution chart, China Glaze Co ranks #1127 out of 1358 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, China Glaze Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Glaze Co's Cyclically Adjusted PS Ratio compare to TT and JCI?
According to the Construction industry distribution chart, China Glaze Co ranks #1127 out of 1358 companies for Cyclically Adjusted PS Ratio. This places China Glaze Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. China Glaze Co's value of 2.21 is 215.7% above this benchmark. Historically, China Glaze Co's own Cyclically Adjusted PS Ratio has ranged from 0.34 to 3.57 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 0.70, China Glaze 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,358 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. China Glaze Co's current Cyclically Adjusted PS Ratio of 2.21 is 215.7% 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 China Glaze Co and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Glaze Co's current Cyclically Adjusted PS Ratio is 2.21, which is 180% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Glaze Co stock overvalued right now?
Based on GuruFocus' analysis, China Glaze Co (TPE:1809) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.68, compared to a current price of NT$36.90 — trading 97.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.21, which is 180% above median its 10-year median of 0.79 and 215.7% above the Construction industry median of 0.70. China Glaze Co's overall GF Score™ is 61/100 with 3 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 China Glaze Co (TPE:1809), the current Cyclically Adjusted PS Ratio is 2.21 as of Jul. 24, 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 China Glaze Co (TPE:1809) Overvalued in 2026?

Based on GuruFocus' analysis, China Glaze Co stock appears to be overvalued. The current stock price of NT$36.90 is trading 97.5% above its estimated GF Value™ of NT$18.68. GuruFocus considers China Glaze Co to be Significantly Overvalued.

Key valuation signals for TPE:1809:

  • Cyclically Adjusted PS Ratio: 2.21 (180% above median its 10-year median of 0.79)
  • GF Value™: NT$18.68 vs. price of NT$36.90 (97.5% above fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 215.7% above the Construction median (#1127 of 1358)

No single metric tells the full story. See the TPE:1809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Glaze Co Business Description

Address No. 136, Chung Hsing Road, Section 4, Zhudong Township, Hsinchu, TWN, 31061
China Glaze Co Ltd is engaged in mainly manufacturing and sales of various frit, glaze, pigments, ceramics, crystallized glass, phosphor powder for photoelectric use, and digital textile ink.
61GF Score

Get the complete analysis for TPE:1809

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

NT$36.90
Price
NT$18.68
GF Value