Nankang Rubber Tire (TPE:2101) Cyclically Adjusted PS Ratio: 1.97 (As of Aug. 04, 2026) — 23% Below Median

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TPE:2101 Nankang Rubber Tire Corp Ltd TPE:2101
60 GF Score
Price NT$33.35
GF Value NT$59.49
Valuation Possible Value Trap
! 4 Warning Signs
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What is Nankang Rubber Tire Cyclically Adjusted PS Ratio?

Nankang Rubber Tire TPE:2101 +0.30% 60 Cyclically Adjusted PS Ratio is 1.97 as of Aug. 04, 2026, which is 23% below its 10-year median of 2.57. GuruFocus rates TPE:2101 with a GF Score™ of 60/100 and a GF Value™ of NT$59.49 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,043 Vehicles & Parts companies, Nankang Rubber Tire ranks worse than 76.8% on this metric.

As of today (2026-08-04), Nankang Rubber Tire's current share price is NT$33.35. Nankang Rubber Tire's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$16.93. Nankang Rubber Tire's Cyclically Adjusted PS Ratio for today is 1.97.

The historical rank and industry rank for Nankang Rubber Tire's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:2101' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.6   Med: 2.57   Max: 4.17
Current: 1.96

During the past years, Nankang Rubber Tire's highest Cyclically Adjusted PS Ratio was 4.17. The lowest was 1.60. And the median was 2.57.

TPE:2101's Cyclically Adjusted PS Ratio is ranked worse than
76.8% of 1043 companies
in the Vehicles & Parts industry
Industry Median: 0.72 vs TPE:2101: 1.96

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.

Nankang Rubber Tire's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$7.486. 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$16.93 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nankang Rubber Tire  (TPE:2101) 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.


Nankang Rubber Tire Cyclically Adjusted PS Ratio Related Terms


Nankang Rubber Tire Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nankang Rubber Tire'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.

Nankang Rubber Tire Cyclically Adjusted PS Ratio Chart

Nankang Rubber Tire 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 2.59 2.22 2.89 3.08 2.29

Nankang Rubber Tire 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 2.63 2.48 2.30 2.29 2.08

TPE:2101 vs ORLY, AZO: Cyclically Adjusted PS Ratio Comparison

For the Auto Parts subindustry, Nankang Rubber Tire'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.


Nankang Rubber Tire Cyclically Adjusted PS Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nankang Rubber Tire's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Nankang Rubber Tire's Cyclically Adjusted PS Ratio falls into.


TPE:2101
60GF Score
Nankang Rubber Tire Corp Ltd TPE:2101
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nankang Rubber Tire 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.

Nankang Rubber Tire's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=33.35/16.93
=1.97

* 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.

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

For example, Nankang Rubber Tire'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)
=7.486/330.2130*330.2130
=7.486

Current CPI (Mar. 2026) = 330.2130.

Nankang Rubber Tire Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 4.111 241.018 5.632
201609 3.492 241.428 4.776
201612 3.528 241.432 4.825
201703 3.837 243.801 5.197
201706 4.339 244.955 5.849
201709 4.117 246.819 5.508
201712 3.657 246.524 4.898
201803 3.344 249.554 4.425
201806 4.269 251.989 5.594
201809 3.488 252.439 4.563
201812 3.472 251.233 4.563
201903 3.870 254.202 5.027
201906 4.424 256.143 5.703
201909 3.814 256.759 4.905
201912 3.686 256.974 4.737
202003 3.108 258.115 3.976
202006 2.802 257.797 3.589
202009 4.168 260.280 5.288
202012 3.656 260.474 4.635
202103 3.117 264.877 3.886
202106 2.658 271.696 3.230
202109 2.970 274.310 3.575
202112 2.423 278.802 2.870
202203 2.459 287.504 2.824
202206 3.081 296.311 3.434
202209 2.383 296.808 2.651
202212 2.071 296.797 2.304
202303 2.333 301.836 2.552
202306 2.705 305.109 2.928
202309 3.853 307.789 4.134
202312 2.637 306.746 2.839
202403 2.689 312.332 2.843
202406 3.249 314.175 3.415
202409 10.530 315.301 11.028
202412 2.490 315.605 2.605
202503 2.481 319.799 2.562
202506 3.301 322.561 3.379
202509 2.523 324.800 2.565
202512 2.426 324.054 2.472
202603 7.486 330.213 7.486

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 1.97 mean?
Nankang Rubber Tire (TPE:2101) has a Cyclically Adjusted PS Ratio of 1.97 as of Aug. 04, 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 Nankang Rubber Tire and its competitors. This is 23% below median its historical median of 2.57. Over the past decade, Nankang Rubber Tire's Cyclically Adjusted PS Ratio has ranged from 1.60 to 4.17. According to the industry distribution chart, Nankang Rubber Tire ranks #801 out of 1043 companies in the Vehicles & Parts industry, placing it in the top 76.8%.
Is Nankang Rubber Tire's Cyclically Adjusted PS Ratio too high?
Nankang Rubber Tire's current Cyclically Adjusted PS Ratio of 1.97 is 23% below median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 4.17. The Vehicles & Parts industry median Cyclically Adjusted PS Ratio is 0.72. Nankang Rubber Tire's value of 1.97 is 173.6% above this industry median. Based on the distribution chart, Nankang Rubber Tire ranks #801 out of 1043 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Nankang Rubber Tire has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nankang Rubber Tire's Cyclically Adjusted PS Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Nankang Rubber Tire ranks #801 out of 1043 companies for Cyclically Adjusted PS Ratio. This places Nankang Rubber Tire in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.72. Nankang Rubber Tire's value of 1.97 is 173.6% above this benchmark. Historically, Nankang Rubber Tire's own Cyclically Adjusted PS Ratio has ranged from 1.60 to 4.17 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 0.72, Nankang Rubber Tire 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 Vehicles & Parts company?
The median Cyclically Adjusted PS Ratio among Vehicles & Parts companies is 0.72, based on 1,043 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. Nankang Rubber Tire's current Cyclically Adjusted PS Ratio of 1.97 is 173.6% 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 Nankang Rubber Tire and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PS Ratio is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nankang Rubber Tire's current Cyclically Adjusted PS Ratio is 1.97, which is 23% below median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nankang Rubber Tire stock overvalued right now?
Based on GuruFocus' analysis, Nankang Rubber Tire (TPE:2101) is currently considered Possible Value Trap. The stock's GF Value™ is NT$59.49, compared to a current price of NT$33.35 — trading 43.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.97, which is 23% below median its 10-year median of 2.57 and 173.6% above the Vehicles & Parts industry median of 0.72. Nankang Rubber Tire's overall GF Score™ is 60/100 with 4 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 Nankang Rubber Tire (TPE:2101), the current Cyclically Adjusted PS Ratio is 1.97 as of Aug. 04, 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 Nankang Rubber Tire (TPE:2101) Overvalued in 2026?

Based on GuruFocus' analysis, Nankang Rubber Tire stock appears to be undervalued. The current stock price of NT$33.35 is trading 43.9% below its estimated GF Value™ of NT$59.49. GuruFocus considers Nankang Rubber Tire to be Possible Value Trap.

Key valuation signals for TPE:2101:

  • Cyclically Adjusted PS Ratio: 1.97 (23% below median its 10-year median of 2.57)
  • GF Value™: NT$59.49 vs. price of NT$33.35 (43.9% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 173.6% above the Vehicles & Parts median (#801 of 1043)

No single metric tells the full story. See the TPE:2101 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nankang Rubber Tire Business Description

Address Jen Ai Road, Suite 608, Floor 6, Number. 136, Sec. 3, Taipei, TWN
Nankang Rubber Tire Corp Ltd manufactures and sells tires and rubber supplies. The products offered by the company include Motorsport, sedan series, suv & 4x4, snow series, all-season tire series, light truck series, truck/trailer series, and two-wheel series. The reportable segments of the company are: Tire - Taiwan, Tire - China, Construction Department, and others. The segments of the company include: Tire-Taiwan, Tire-China, Construction, Department and Other. It derives maximum revenue from Tire-Taiwan segment. Its geographical segments are Taiwan, the United States, Europe, Other regions in Asia, and Others. The company derives maximum revenue from Europe.
60GF Score

Get the complete analysis for TPE:2101

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

NT$33.35
Price
NT$59.49
GF Value