Sheng Yu Steel Co (TPE:2029) Cyclically Adjusted PS Ratio: 0.45 (As of Jul. 29, 2026) — 12% Below Median

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TPE:2029 Sheng Yu Steel Co Ltd TPE:2029
81 GF Score
Price NT$20.60
GF Value NT$26.51
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Sheng Yu Steel Co Cyclically Adjusted PS Ratio?

Sheng Yu Steel Co TPE:2029 -0.96% 81 Cyclically Adjusted PS Ratio is 0.45 as of Jul. 29, 2026, which is 12% below its 10-year median of 0.51. GuruFocus rates TPE:2029 with a GF Score™ of 81/100 and a GF Value™ of NT$26.51 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 514 Steel companies, Sheng Yu Steel Co ranks worse than 50.97% on this metric.

As of today (2026-07-29), Sheng Yu Steel Co's current share price is NT$20.60. Sheng Yu Steel Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2025 was NT$45.47. Sheng Yu Steel Co's Cyclically Adjusted PS Ratio for today is 0.45.

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

TPE:2029' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.51   Max: 1.1
Current: 0.45

During the past years, Sheng Yu Steel Co's highest Cyclically Adjusted PS Ratio was 1.10. The lowest was 0.30. And the median was 0.51.

TPE:2029's Cyclically Adjusted PS Ratio is ranked worse than
50.97% of 514 companies
in the Steel industry
Industry Median: 0.45 vs TPE:2029: 0.45

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.

Sheng Yu Steel Co's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$8.970. 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$45.47 for the trailing ten years ended in Dec. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sheng Yu Steel Co  (TPE:2029) 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.


Sheng Yu Steel Co Cyclically Adjusted PS Ratio Related Terms


Sheng Yu Steel Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Sheng Yu 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.

Sheng Yu Steel Co Cyclically Adjusted PS Ratio Chart

Sheng Yu 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 0.71 0.52 0.63 0.53 0.47

Sheng Yu Steel 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 0.53 0.56 0.51 0.49 0.47

TPE:2029 vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, Sheng Yu 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.


Sheng Yu Steel Co Cyclically Adjusted PS Ratio vs Steel Industry

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

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


TPE:2029
81GF Score
Sheng Yu Steel Co Ltd TPE:2029
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sheng Yu 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.

Sheng Yu Steel Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=20.60/45.47
=0.45

* 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.

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

For example, Sheng Yu Steel 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)
=8.97/324.0540*324.0540
=8.970

Current CPI (Dec. 2025) = 324.0540.

Sheng Yu Steel Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 9.168 238.132 12.476
201606 9.325 241.018 12.538
201609 9.709 241.428 13.032
201612 11.724 241.432 15.736
201703 11.534 243.801 15.331
201706 9.682 244.955 12.808
201709 11.144 246.819 14.631
201712 10.581 246.524 13.909
201803 10.011 249.554 13.000
201806 9.331 251.989 12.000
201809 8.709 252.439 11.180
201812 7.444 251.233 9.602
201903 7.441 254.202 9.486
201906 7.811 256.143 9.882
201909 7.649 256.759 9.654
201912 7.129 256.974 8.990
202003 7.484 258.115 9.396
202006 6.013 257.797 7.558
202009 7.020 260.280 8.740
202012 8.367 260.474 10.409
202103 9.975 264.877 12.204
202106 11.285 271.696 13.460
202109 11.143 274.310 13.164
202112 12.144 278.802 14.115
202203 13.039 287.504 14.697
202206 11.590 296.311 12.675
202209 7.770 296.808 8.483
202212 7.353 296.797 8.028
202303 8.931 301.836 9.588
202306 9.245 305.109 9.819
202309 9.661 307.789 10.172
202312 10.750 306.746 11.357
202403 10.321 312.332 10.708
202406 10.226 314.175 10.548
202409 10.507 315.301 10.799
202412 11.521 315.605 11.829
202503 11.736 319.799 11.892
202506 12.924 322.561 12.984
202509 8.864 324.800 8.844
202512 8.970 324.054 8.970

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 0.45 mean?
Sheng Yu Steel Co (TPE:2029) has a Cyclically Adjusted PS Ratio of 0.45 as of Jul. 29, 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 Sheng Yu Steel Co and its competitors. This is 12% below median its historical median of 0.51. Over the past decade, Sheng Yu Steel Co's Cyclically Adjusted PS Ratio has ranged from 0.30 to 1.10. According to the industry distribution chart, Sheng Yu Steel Co ranks #262 out of 514 companies in the Steel industry, placing it in the top 51%.
Is Sheng Yu Steel Co's Cyclically Adjusted PS Ratio too high?
Sheng Yu Steel Co's current Cyclically Adjusted PS Ratio of 0.45 is 12% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.10. The Steel industry median Cyclically Adjusted PS Ratio is 0.45. Sheng Yu Steel Co's value of 0.45 is 0% at this industry median. Based on the distribution chart, Sheng Yu Steel Co ranks #262 out of 514 companies in the Steel industry, which is below the industry midpoint. Overall, Sheng Yu Steel Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sheng Yu Steel Co's Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Sheng Yu Steel Co ranks #262 out of 514 companies for Cyclically Adjusted PS Ratio. This places Sheng Yu Steel Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.45. Sheng Yu Steel Co's value of 0.45 is 0% at this benchmark. Historically, Sheng Yu Steel Co's own Cyclically Adjusted PS Ratio has ranged from 0.30 to 1.10 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.45, Sheng Yu Steel Co has consistently been at 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 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. Sheng Yu Steel Co's current Cyclically Adjusted PS Ratio of 0.45 is 0% at 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 Sheng Yu 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. Sheng Yu Steel Co's current Cyclically Adjusted PS Ratio is 0.45, which is 12% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sheng Yu Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Sheng Yu Steel Co (TPE:2029) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$26.51, compared to a current price of NT$20.60 — trading 22.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.45, which is 12% below median its 10-year median of 0.51 and 0% at the Steel industry median of 0.45. Sheng Yu Steel Co's overall GF Score™ is 81/100 with 8 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 Sheng Yu Steel Co (TPE:2029), the current Cyclically Adjusted PS Ratio is 0.45 as of Jul. 29, 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 Sheng Yu Steel Co (TPE:2029) Overvalued in 2026?

Based on GuruFocus' analysis, Sheng Yu Steel Co stock appears to be undervalued. The current stock price of NT$20.60 is trading 22.3% below its estimated GF Value™ of NT$26.51. GuruFocus considers Sheng Yu Steel Co to be Modestly Undervalued.

Key valuation signals for TPE:2029:

  • Cyclically Adjusted PS Ratio: 0.45 (12% below median its 10-year median of 0.51)
  • GF Value™: NT$26.51 vs. price of NT$20.60 (22.3% below fair value)
  • GF Score™: 81/100 with 8 warning signs
  • Industry Position: 0% at the Steel median (#262 of 514)

No single metric tells the full story. See the TPE:2029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sheng Yu Steel Co Business Description

Address No.11, Zhonglin Road, Xiaogang District, Kaohsiung, TWN, 812039
Sheng Yu Steel Co Ltd is engaged in the steel industry. The company manufactures, processes, and sells cold-rolled, galvanized, and prepainted steel coils. The company also purchases and resells various steel products.
81GF Score

Get the complete analysis for TPE:2029

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

NT$20.60
Price
NT$26.51
GF Value