Feng Hsin Steel Co (TPE:2015) Cyclically Adjusted PS Ratio: 1.00 (As of Aug. 19, 2026) — 11% Below 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:2015 Feng Hsin Steel Co Ltd TPE:2015
79 GF Score
Price NT$63.70
GF Value NT$56.27
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Feng Hsin Steel Co Cyclically Adjusted PS Ratio?

Feng Hsin Steel Co TPE:2015 +0.95% 79 Cyclically Adjusted PS Ratio is 1.00 as of Aug. 19, 2026, which is 11% below its 10-year median of 1.12. GuruFocus rates TPE:2015 with a GF Score™ of 79/100 and a GF Value™ of NT$56.27 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 516 Steel companies, Feng Hsin Steel Co ranks worse than 73.64% on this metric.

As of today (2026-08-19), Feng Hsin Steel Co's current share price is NT$63.70. Feng Hsin Steel Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was NT$63.51. Feng Hsin Steel Co's Cyclically Adjusted PS Ratio for today is 1.00.

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

TPE:2015' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.78   Med: 1.12   Max: 1.73
Current: 0.99

During the past years, Feng Hsin Steel Co's highest Cyclically Adjusted PS Ratio was 1.73. The lowest was 0.78. And the median was 1.12.

TPE:2015's Cyclically Adjusted PS Ratio is ranked worse than
73.64% of 516 companies
in the Steel industry
Industry Median: 0.45 vs TPE:2015: 0.99

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.

Feng Hsin Steel Co's adjusted revenue per share data for the three months ended in Jun. 2026 was NT$12.986. 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$63.51 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Feng Hsin Steel Co  (TPE:2015) 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.


Feng Hsin Steel Co Cyclically Adjusted PS Ratio Related Terms


Feng Hsin Steel Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Feng Hsin Steel 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.

Feng Hsin Steel Co Cyclically Adjusted PS Ratio Chart

Feng Hsin Steel 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 1.50 1.09 1.16 1.15 1.00

Feng Hsin Steel Co 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 1.07 1.05 1.00 0.98 0.96

TPE:2015 vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Feng Hsin Steel 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.


Feng Hsin Steel Co Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Feng Hsin Steel Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Feng Hsin Steel Co's Cyclically Adjusted PS Ratio falls into.


TPE:2015
79GF Score
Feng Hsin Steel Co Ltd TPE:2015
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Feng Hsin Steel 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.

Feng Hsin Steel Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=63.70/63.51
=1.00

* 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.

Feng Hsin Steel Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Feng Hsin Steel Co'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)
=12.986/333.9520*333.9520
=12.986

Current CPI (Jun. 2026) = 333.9520.

Feng Hsin Steel Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.624 241.428 11.929
201612 10.320 241.432 14.275
201703 10.802 243.801 14.796
201706 10.494 244.955 14.307
201709 8.783 246.819 11.884
201712 12.414 246.524 16.817
201803 11.626 249.554 15.558
201806 14.109 251.989 18.698
201809 13.495 252.439 17.853
201812 13.887 251.233 18.459
201903 12.081 254.202 15.871
201906 11.839 256.143 15.435
201909 11.467 256.759 14.914
201912 12.250 256.974 15.920
202003 11.177 258.115 14.461
202006 11.289 257.797 14.624
202009 11.234 260.280 14.414
202012 12.975 260.474 16.635
202103 13.551 264.877 17.085
202106 16.813 271.696 20.666
202109 16.606 274.310 20.217
202112 18.584 278.802 22.260
202203 17.043 287.504 19.796
202206 18.594 296.311 20.956
202209 15.096 296.808 16.985
202212 15.405 296.797 17.333
202303 14.997 301.836 16.593
202306 15.362 305.109 16.814
202309 13.741 307.789 14.909
202312 15.410 306.746 16.777
202403 14.560 312.332 15.568
202406 15.467 314.175 16.441
202409 13.988 315.301 14.815
202412 14.744 315.605 15.601
202503 12.788 319.799 13.354
202506 14.362 322.561 14.869
202509 11.355 324.800 11.675
202512 11.162 324.054 11.503
202603 10.968 330.213 11.092
202606 12.986 333.952 12.986

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 1.00 mean?
Feng Hsin Steel Co (TPE:2015) has a Cyclically Adjusted PS Ratio of 1.00 as of Aug. 19, 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 Feng Hsin Steel Co and its competitors. This is 11% below median its historical median of 1.12. Over the past decade, Feng Hsin Steel Co's Cyclically Adjusted PS Ratio has ranged from 0.78 to 1.73. According to the industry distribution chart, Feng Hsin Steel Co ranks #380 out of 516 companies in the Steel industry, placing it in the top 73.6%.
Is Feng Hsin Steel Co's Cyclically Adjusted PS Ratio too high?
Feng Hsin Steel Co's current Cyclically Adjusted PS Ratio of 1.00 is 11% below median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 1.73. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. Feng Hsin Steel Co's value of 1.00 is 122.2% above this industry median. Based on the distribution chart, Feng Hsin Steel Co ranks #380 out of 516 companies in the Steel industry, which is below the industry midpoint. Overall, Feng Hsin Steel Co has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Feng Hsin Steel Co's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Feng Hsin Steel Co ranks #380 out of 516 companies for Cyclically Adjusted PS Ratio. This places Feng Hsin Steel Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Feng Hsin Steel Co's value of 1.00 is 122.2% above this benchmark. Historically, Feng Hsin Steel Co's own Cyclically Adjusted PS Ratio has ranged from 0.78 to 1.73 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 0.45, Feng Hsin Steel 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 Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.45, based on 516 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. Feng Hsin Steel Co's current Cyclically Adjusted PS Ratio of 1.00 is 122.2% 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 Feng Hsin Steel Co and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Feng Hsin Steel Co's current Cyclically Adjusted PS Ratio is 1.00, which is 11% below median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Feng Hsin Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Feng Hsin Steel Co (TPE:2015) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$56.27, compared to a current price of NT$63.70 — trading 13.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.00, which is 11% below median its 10-year median of 1.12 and 122.2% above the Steel industry median of 0.45. Feng Hsin Steel Co's overall GF Score™ is 79/100 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 Feng Hsin Steel Co (TPE:2015), the current Cyclically Adjusted PS Ratio is 1.00 as of Aug. 19, 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 Feng Hsin Steel Co (TPE:2015) Overvalued in 2026?

Based on GuruFocus' analysis, Feng Hsin Steel Co stock appears to be overvalued. The current stock price of NT$63.70 is trading 13.2% above its estimated GF Value™ of NT$56.27. GuruFocus considers Feng Hsin Steel Co to be Modestly Overvalued.

Key valuation signals for TPE:2015:

  • Cyclically Adjusted PS Ratio: 1.00 (11% below median its 10-year median of 1.12)
  • GF Value™: NT$56.27 vs. price of NT$63.70 (13.2% above fair value)
  • GF Score™: 79/100 with 5 warning signs
  • Industry Position: 122.2% above the Steel median (#380 of 516)

No single metric tells the full story. See the TPE:2015 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Feng Hsin Steel Co Business Description

Address No.998, Section 1, Jiahou Road, Houli district, Taichung, TWN, 421
Feng Hsin Steel Co Ltd manufacture and sell various types of steel products. The services provided by the Group mainly consist of transportation and insurance services for the various steel products sold. The company is engaged in the manufacturing, processing and trading of various angle iron, round iron, flat iron, flat bar, and others, along with the operation and investment of various incidental businesses. Its Steel Rolling Mill produces carbon steel and special steel. Geographically, the company generates maximum revenue from Taiwan.
79GF Score

Get the complete analysis for TPE:2015

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

NT$63.70
Price
NT$56.27
GF Value