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Kao Hsing Chang Iron & SteelTPE:2008 +0.16%71 Cyclically Adjusted PS Ratio is 3.75 as of Jul. 18, 2026, which is 26% above its 10-year median of 2.97. GuruFocus rates TPE:2008 with a GF Score™ of 71/100 and a GF Value™ of NT$27.89 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 514 Steel companies, Kao Hsing Chang Iron & Steel ranks worse than 93.97% on this metric.
The historical rank and industry rank for Kao Hsing Chang Iron & Steel's Cyclically Adjusted PS Ratio or its related term are showing as below:
TPE:2008'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.55 Med: 2.97 Max: 5.12
Current: 3.61
During the past years, Kao Hsing Chang Iron & Steel's highest Cyclically Adjusted PS Ratio was 5.12. The lowest was 1.55. And the median was 2.97.
TPE:2008's Cyclically Adjusted PS Ratio is ranked worse than 93.97% of 514
companies
in the Steel industry
Industry Median: 0.46
vs TPE:2008: 3.61
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.
Kao Hsing Chang Iron & Steel's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$1.888. 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$8.27 for the trailing ten years ended in Dec. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Kao Hsing Chang Iron & Steel (TPE:2008) 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.
Kao Hsing Chang Iron & Steel Cyclically Adjusted PS Ratio Related Terms
Kao Hsing Chang Iron & Steel Cyclically Adjusted PS Ratio Historical Data
* 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.
Kao Hsing Chang Iron & Steel Cyclically Adjusted PS Ratio Chart
TPE:2008 vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison
For the Steel subindustry, Kao Hsing Chang Iron & Steel'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.
Kao Hsing Chang Iron & Steel Cyclically Adjusted PS Ratio vs Steel Industry
For the Steel industry and Basic Materials sector, Kao Hsing Chang Iron & Steel's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Kao Hsing Chang Iron & Steel's Cyclically Adjusted PS Ratio falls into.
Kao Hsing Chang Iron & Steel 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.
* 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.
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 3.75 mean?
Kao Hsing Chang Iron & Steel (TPE:2008) has a Cyclically Adjusted PS Ratio of 3.75 as of Jul. 18, 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 Kao Hsing Chang Iron & Steel and its competitors. This is 26% above median its historical median of 2.97. Over the past decade, Kao Hsing Chang Iron & Steel's Cyclically Adjusted PS Ratio has ranged from 1.55 to 5.12. According to the industry distribution chart, Kao Hsing Chang Iron & Steel ranks #483 out of 514 companies in the Steel industry, placing it in the top 94%.
Is Kao Hsing Chang Iron & Steel's Cyclically Adjusted PS Ratio too high?
Kao Hsing Chang Iron & Steel's current Cyclically Adjusted PS Ratio of 3.75 is 26% above median its 10-year median of 2.97. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 5.12. The Steel industry median Cyclically Adjusted PS Ratio is 0.46. Kao Hsing Chang Iron & Steel's value of 3.75 is 715.2% above this industry median. Based on the distribution chart, Kao Hsing Chang Iron & Steel ranks #483 out of 514 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Kao Hsing Chang Iron & Steel has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kao Hsing Chang Iron & Steel's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Kao Hsing Chang Iron & Steel ranks #483 out of 514 companies for Cyclically Adjusted PS Ratio. This places Kao Hsing Chang Iron & Steel in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.46. Kao Hsing Chang Iron & Steel's value of 3.75 is 715.2% above this benchmark. Historically, Kao Hsing Chang Iron & Steel's own Cyclically Adjusted PS Ratio has ranged from 1.55 to 5.12 over the past decade. While the company's 10-year median is 2.97 vs. the industry median of 0.46, Kao Hsing Chang Iron & Steel 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 Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.46, based on 514 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. Kao Hsing Chang Iron & Steel's current Cyclically Adjusted PS Ratio of 3.75 is 715.2% 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 Kao Hsing Chang Iron & Steel and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kao Hsing Chang Iron & Steel's current Cyclically Adjusted PS Ratio is 3.75, which is 26% above median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kao Hsing Chang Iron & Steel stock overvalued right now?
Based on GuruFocus' analysis, Kao Hsing Chang Iron & Steel (TPE:2008) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$27.89, compared to a current price of NT$31.05 — trading 11.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.75, which is 26% above median its 10-year median of 2.97 and 715.2% above the Steel industry median of 0.46. Kao Hsing Chang Iron & Steel's overall GF Score™ is 71/100 with 9 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 Kao Hsing Chang Iron & Steel (TPE:2008), the current Cyclically Adjusted PS Ratio is 3.75 as of Jul. 18, 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 Kao Hsing Chang Iron & Steel (TPE:2008) Overvalued in 2026?
Based on GuruFocus' analysis, Kao Hsing Chang Iron & Steel stock appears to be overvalued.
The current stock price of NT$31.05 is trading 11.3% above its estimated GF Value™ of NT$27.89.
GuruFocus considers Kao Hsing Chang Iron & Steel to be Modestly Overvalued.
Key valuation signals for TPE:2008:
Cyclically Adjusted PS Ratio: 3.75 (26% above median its 10-year median of 2.97)
GF Value™: NT$27.89 vs. price of NT$31.05 (11.3% above fair value)
Industry Position: 715.2% above the Steel median (#483 of 514)
No single metric tells the full story. See the TPE:2008 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kao Hsing Chang Iron & Steel Corp is engaged in the manufacturing, processing, and trading of steel pipes and cold-rolled steel sheets; manufacturing of metal architectural components; leasing; carpark management; and wholesale of other products. The majority of its revenue comes from the steel pipe department. Its geographical segments are Taiwan, United States and Japan, of which the majority of the revenue comes from Taiwan.
71GF Score
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