Hanpin Electron Co (TPE:2488) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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:2488 Hanpin Electron Co Ltd TPE:2488
93 GF Score
Price NT$48.75
GF Value NT$51.66
Valuation Fairly Valued
! 2 Warning Signs
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What is Hanpin Electron Co Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hanpin Electron Co  (TPE:2488) 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.


Hanpin Electron Co Cyclically Adjusted PS Ratio Related Terms


Hanpin Electron Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hanpin Electron 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.

Hanpin Electron Co Cyclically Adjusted PS Ratio Chart

Hanpin Electron 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 0.85 0.80 1.10 1.46 1.20

Hanpin Electron 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 1.18 1.14 1.19 1.23 1.38

TPE:2488 vs AAPL: Cyclically Adjusted PS Ratio Comparison

For the Consumer Electronics subindustry, Hanpin Electron 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.


Hanpin Electron Co Cyclically Adjusted PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Hanpin Electron Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hanpin Electron Co's Cyclically Adjusted PS Ratio falls into.


TPE:2488
93GF Score
Hanpin Electron Co Ltd TPE:2488
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Hanpin Electron 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.

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

For example, Hanpin Electron 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)
=11.728/333.9520*333.9520
=11.728

Current CPI (Jun. 2026) = 333.9520.

Hanpin Electron Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 11.926 241.428 16.496
201612 9.692 241.432 13.406
201703 6.424 243.801 8.799
201706 6.088 244.955 8.300
201709 7.493 246.819 10.138
201712 6.452 246.524 8.740
201803 5.116 249.554 6.846
201806 7.053 251.989 9.347
201809 10.507 252.439 13.900
201812 9.818 251.233 13.051
201903 6.486 254.202 8.521
201906 7.963 256.143 10.382
201909 10.033 256.759 13.049
201912 6.890 256.974 8.954
202003 2.434 258.115 3.149
202006 5.185 257.797 6.717
202009 7.904 260.280 10.141
202012 8.519 260.474 10.922
202103 6.279 264.877 7.916
202106 8.164 271.696 10.035
202109 7.525 274.310 9.161
202112 8.883 278.802 10.640
202203 6.065 287.504 7.045
202206 10.958 296.311 12.350
202209 12.587 296.808 14.162
202212 8.448 296.797 9.506
202303 3.803 301.836 4.208
202306 8.056 305.109 8.818
202309 10.704 307.789 11.614
202312 7.824 306.746 8.518
202403 5.289 312.332 5.655
202406 8.714 314.175 9.263
202409 12.363 315.301 13.094
202412 12.859 315.605 13.607
202503 7.169 319.799 7.486
202506 8.943 322.561 9.259
202509 10.506 324.800 10.802
202512 8.981 324.054 9.255
202603 7.426 330.213 7.510
202606 11.728 333.952 11.728

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.

Is Hanpin Electron Co (TPE:2488) Overvalued in 2026?

Based on GuruFocus' analysis, Hanpin Electron Co stock appears to be undervalued. The current stock price of NT$48.75 is trading 5.6% below its estimated GF Value™ of NT$51.66. GuruFocus considers Hanpin Electron Co to be Fairly Valued.

Key valuation signals for TPE:2488:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: NT$51.66 vs. price of NT$48.75 (5.6% below fair value)
  • GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the TPE:2488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hanpin Electron Co Business Description

Address No. 256, Section 3, Zhongzheng Road, Rende District, Tainan, TWN
Hanpin Electron Co Ltd is engaged in the manufacture of electronic appliances, lighting equipment, data storage and processing equipment, wireless communication machinery and electronic components, the provision of international trading, product design and information software services. It operates in two segments Audio and Construction segments. Audio segment is engaged in the manufacture of audio equipment used in consumer entertainment venues, studios, personal audiovisual entertainment, schools, conference rooms, theatres and large-scale concerts. Construction segment engages in the development, leasing and sales of residential buildings, commercial buildings and industrial factories, as well as real estate sales and leasing. Audio segment derives the majority of revenue.
93GF Score

Get the complete analysis for TPE:2488

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

NT$48.75
Price
NT$51.66
GF Value