Pan-International Industrial (TPE:2328) Cyclically Adjusted PS Ratio: 0.82 (As of Jul. 27, 2026) — 12% Above Median

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TPE:2328 Pan-International Industrial Corp TPE:2328
81 GF Score
Price NT$45.15
GF Value NT$33.11
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Pan-International Industrial Cyclically Adjusted PS Ratio?

Pan-International Industrial TPE:2328 -0.33% 81 Cyclically Adjusted PS Ratio is 0.82 as of Jul. 27, 2026, which is 12% above its 10-year median of 0.73. GuruFocus rates TPE:2328 with a GF Score™ of 81/100 and a GF Value™ of NT$33.11 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,974 Hardware companies, Pan-International Industrial ranks better than 63.07% on this metric.

As of today (2026-07-27), Pan-International Industrial's current share price is NT$45.15. Pan-International Industrial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$55.07. Pan-International Industrial's Cyclically Adjusted PS Ratio for today is 0.82.

The historical rank and industry rank for Pan-International Industrial's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:2328' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.39   Med: 0.73   Max: 1.08
Current: 0.82

During the past years, Pan-International Industrial's highest Cyclically Adjusted PS Ratio was 1.08. The lowest was 0.39. And the median was 0.73.

TPE:2328's Cyclically Adjusted PS Ratio is ranked better than
63.07% of 1974 companies
in the Hardware industry
Industry Median: 1.36 vs TPE:2328: 0.82

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.

Pan-International Industrial's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$8.204. 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$55.07 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Pan-International Industrial  (TPE:2328) 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.


Pan-International Industrial Cyclically Adjusted PS Ratio Related Terms


Pan-International Industrial Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Pan-International Industrial'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.

Pan-International Industrial Cyclically Adjusted PS Ratio Chart

Pan-International Industrial 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 0.86 0.75 0.68 0.77 0.92

Pan-International Industrial 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 0.82 0.73 0.99 0.92 0.78

TPE:2328 vs APH, GLW, TEL: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, Pan-International Industrial'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.


Pan-International Industrial Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Pan-International Industrial's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Pan-International Industrial's Cyclically Adjusted PS Ratio falls into.


TPE:2328
81GF Score
Pan-International Industrial Corp TPE:2328
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pan-International Industrial 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.

Pan-International Industrial's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=45.15/55.07
=0.82

* 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.

Pan-International Industrial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Pan-International Industrial'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)
=8.204/330.2130*330.2130
=8.204

Current CPI (Mar. 2026) = 330.2130.

Pan-International Industrial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 8.563 241.018 11.732
201609 9.349 241.428 12.787
201612 11.213 241.432 15.336
201703 9.927 243.801 13.445
201706 11.787 244.955 15.890
201709 14.400 246.819 19.265
201712 14.118 246.524 18.911
201803 10.919 249.554 14.448
201806 12.616 251.989 16.532
201809 14.581 252.439 19.073
201812 13.926 251.233 18.304
201903 10.555 254.202 13.711
201906 12.822 256.143 16.530
201909 13.798 256.759 17.745
201912 11.998 256.974 15.417
202003 9.029 258.115 11.551
202006 9.524 257.797 12.199
202009 10.469 260.280 13.282
202012 10.556 260.474 13.382
202103 9.380 264.877 11.694
202106 10.226 271.696 12.428
202109 13.300 274.310 16.010
202112 13.814 278.802 16.361
202203 11.463 287.504 13.166
202206 11.891 296.311 13.251
202209 12.511 296.808 13.919
202212 14.561 296.797 16.200
202303 11.682 301.836 12.780
202306 11.940 305.109 12.922
202309 13.159 307.789 14.118
202312 12.356 306.746 13.301
202403 8.951 312.332 9.463
202406 10.479 314.175 11.014
202409 11.480 315.301 12.023
202412 10.961 315.605 11.468
202503 10.997 319.799 11.355
202506 11.093 322.561 11.356
202509 10.260 324.800 10.431
202512 9.519 324.054 9.700
202603 8.204 330.213 8.204

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 0.82 mean?
Pan-International Industrial (TPE:2328) has a Cyclically Adjusted PS Ratio of 0.82 as of Jul. 27, 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 Pan-International Industrial and its competitors. This is 12% above median its historical median of 0.73. Over the past decade, Pan-International Industrial's Cyclically Adjusted PS Ratio has ranged from 0.39 to 1.08. According to the industry distribution chart, Pan-International Industrial ranks #729 out of 1974 companies in the Hardware industry, placing it in the top 36.9%.
Is Pan-International Industrial's Cyclically Adjusted PS Ratio too high?
Pan-International Industrial's current Cyclically Adjusted PS Ratio of 0.82 is 12% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.08. The Hardware industry median Cyclically Adjusted PS Ratio is 1.36. Pan-International Industrial's value of 0.82 is 39.7% below this industry median. Based on the distribution chart, Pan-International Industrial ranks #729 out of 1974 companies in the Hardware industry, which is above the industry midpoint. Overall, Pan-International Industrial has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan-International Industrial's Cyclically Adjusted PS Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Pan-International Industrial ranks #729 out of 1974 companies for Cyclically Adjusted PS Ratio. This puts Pan-International Industrial in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.36. Pan-International Industrial's value of 0.82 is 39.7% below this benchmark. Historically, Pan-International Industrial's own Cyclically Adjusted PS Ratio has ranged from 0.39 to 1.08 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 1.36, Pan-International Industrial has consistently been below 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 Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.36, based on 1,974 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. Pan-International Industrial's current Cyclically Adjusted PS Ratio of 0.82 is 39.7% below 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 Pan-International Industrial and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan-International Industrial's current Cyclically Adjusted PS Ratio is 0.82, which is 12% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan-International Industrial stock overvalued right now?
Based on GuruFocus' analysis, Pan-International Industrial (TPE:2328) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$33.11, compared to a current price of NT$45.15 — trading 36.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.82, which is 12% above median its 10-year median of 0.73 and 39.7% below the Hardware industry median of 1.36. Pan-International Industrial's overall GF Score™ is 81/100 with 3 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 Pan-International Industrial (TPE:2328), the current Cyclically Adjusted PS Ratio is 0.82 as of Jul. 27, 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 Pan-International Industrial (TPE:2328) Overvalued in 2026?

Based on GuruFocus' analysis, Pan-International Industrial stock appears to be overvalued. The current stock price of NT$45.15 is trading 36.4% above its estimated GF Value™ of NT$33.11. GuruFocus considers Pan-International Industrial to be Significantly Overvalued.

Key valuation signals for TPE:2328:

  • Cyclically Adjusted PS Ratio: 0.82 (12% above median its 10-year median of 0.73)
  • GF Value™: NT$33.11 vs. price of NT$45.15 (36.4% above fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 39.7% below the Hardware median (#729 of 1974)

No single metric tells the full story. See the TPE:2328 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pan-International Industrial Business Description

Address No. 200, Jian 8th Road, 6th Floor, Bihe Village, Zhonghe District, New Taipei, TWN
Pan-International Industrial Corp is engaged in the development, manufacturing, and sales of electronic signal cables, connectors, connection wires, precision molds, various plugs and sockets, telecommunication devices, wireless Bluetooth devices, printed circuit boards and other computer peripherals, medical device-related products, industrial control products, as well as automotive wire harnesses, automotive parts and accessories, and intelligent in-vehicle equipment.
81GF Score

Get the complete analysis for TPE:2328

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

NT$45.15
Price
NT$33.11
GF Value