Shihlin Paper (TPE:1903) Cyclically Adjusted PS Ratio: (As of Jul. 29, 2026)

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TPE:1903 Shihlin Paper Corp TPE:1903
61 GF Score
Price NT$48.00
GF Value NT$51.17
Valuation Fairly Valued
! 6 Warning Signs
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What is Shihlin Paper Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shihlin Paper  (TPE:1903) 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.


Shihlin Paper Cyclically Adjusted PS Ratio Related Terms


Shihlin Paper Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Shihlin Paper'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.

Shihlin Paper Cyclically Adjusted PS Ratio Chart

Shihlin Paper 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 20.53 20.67 37.39 61.63 66.23

Shihlin Paper 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 59.59 69.23 65.09 66.23 0.00

TPE:1903 vs PG, CL, KVUE: Cyclically Adjusted PS Ratio Comparison

For the Household & Personal Products subindustry, Shihlin Paper'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.


Shihlin Paper Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Shihlin Paper's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TPE:1903
61GF Score
Shihlin Paper Corp TPE:1903
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Shihlin Paper 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.

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

For example, Shihlin Paper'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)
=0.151/330.2130*330.2130
=0.151

Current CPI (Mar. 2026) = 330.2130.

Shihlin Paper Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.067 241.018 0.092
201609 0.058 241.428 0.079
201612 0.072 241.432 0.098
201703 0.091 243.801 0.123
201706 0.110 244.955 0.148
201709 0.375 246.819 0.502
201712 0.139 246.524 0.186
201803 0.273 249.554 0.361
201806 0.150 251.989 0.197
201809 0.141 252.439 0.184
201812 0.277 251.233 0.364
201903 0.176 254.202 0.229
201906 0.159 256.143 0.205
201909 0.150 256.759 0.193
201912 0.168 256.974 0.216
202003 0.150 258.115 0.192
202006 0.159 257.797 0.204
202009 0.128 260.280 0.162
202012 0.166 260.474 0.210
202103 0.503 264.877 0.627
202106 0.395 271.696 0.480
202109 0.234 274.310 0.282
202112 0.178 278.802 0.211
202203 0.180 287.504 0.207
202206 0.148 296.311 0.165
202209 0.153 296.808 0.170
202212 0.150 296.797 0.167
202303 0.168 301.836 0.184
202306 0.175 305.109 0.189
202309 0.161 307.789 0.173
202312 0.162 306.746 0.174
202403 0.160 312.332 0.169
202406 0.132 314.175 0.139
202409 0.151 315.301 0.158
202412 0.153 315.605 0.160
202503 0.154 319.799 0.159
202506 0.145 322.561 0.148
202509 0.141 324.800 0.143
202512 0.150 324.054 0.153
202603 0.151 330.213 0.151

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 Shihlin Paper (TPE:1903) Overvalued in 2026?

Based on GuruFocus' analysis, Shihlin Paper stock appears to be undervalued. The current stock price of NT$48.00 is trading 6.2% below its estimated GF Value™ of NT$51.17. GuruFocus considers Shihlin Paper to be Fairly Valued.

Key valuation signals for TPE:1903:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$51.17 vs. price of NT$48.00 (6.2% below fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the TPE:1903 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shihlin Paper Business Description

Address No.31, Fude Road, Shihlin District, Taipei, TWN
Shihlin Paper Corp is engaged in the sales of paper-processed products, wet wipes, facial masks, skincare products, and toiletries and the leasing of assets and investment and development. The company's segments consist of the Consumer Goods Department and the Real Estate Development Department. The Consumer Goods Department is responsible for selling wet wipes and facial masks and leasing real estate. The Real Estate Development Department engages in developing, leasing, and urban renewal and reconstruction of residential property and buildings.
61GF Score

Get the complete analysis for TPE:1903

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

NT$48.00
Price
NT$51.17
GF Value