Tze Shin International Co (TPE:2611) Cyclically Adjusted PS Ratio: 2.59 (As of Aug. 07, 2026) — Near 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:2611 Tze Shin International Co Ltd TPE:2611
58 GF Score
Price NT$13.40
GF Value NT$23.54
Valuation Significantly Undervalued
! 7 Warning Signs
View Full Analysis

What is Tze Shin International Co Cyclically Adjusted PS Ratio?

Tze Shin International Co TPE:2611 58 Cyclically Adjusted PS Ratio is 2.59 as of Aug. 07, 2026, which is 2% above its 10-year median of 2.54. GuruFocus rates TPE:2611 with a GF Score™ of 58/100 and a GF Value™ of NT$23.54 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 762 Transportation companies, Tze Shin International Co ranks worse than 79.92% on this metric.

As of today (2026-08-07), Tze Shin International Co's current share price is NT$13.40. Tze Shin International Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was NT$5.18. Tze Shin International Co's Cyclically Adjusted PS Ratio for today is 2.59.

The historical rank and industry rank for Tze Shin International Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

TPE:2611' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.65   Med: 2.54   Max: 5.8
Current: 2.58

During the past years, Tze Shin International Co's highest Cyclically Adjusted PS Ratio was 5.80. The lowest was 0.65. And the median was 2.54.

TPE:2611's Cyclically Adjusted PS Ratio is ranked worse than
79.92% of 762 companies
in the Transportation industry
Industry Median: 0.9 vs TPE:2611: 2.58

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.

Tze Shin International Co's adjusted revenue per share data for the three months ended in Mar. 2026 was NT$1.863. 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$5.18 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tze Shin International Co  (TPE:2611) 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.


Tze Shin International Co Cyclically Adjusted PS Ratio Related Terms


Tze Shin International Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Tze Shin International 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.

Tze Shin International Co Cyclically Adjusted PS Ratio Chart

Tze Shin International 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 2.38 2.09 2.78 3.81 2.88

Tze Shin International Co 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 3.85 3.70 2.87 2.88 2.77

Tze Shin International Co Cyclically Adjusted PS Ratio Competitor Comparison

For the Marine Shipping subindustry, Tze Shin International 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.


Tze Shin International Co Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, Tze Shin International Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Tze Shin International Co's Cyclically Adjusted PS Ratio falls into.


TPE:2611
58GF Score
Tze Shin International Co Ltd TPE:2611
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tze Shin International 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.

Tze Shin International Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=13.40/5.18
=2.59

* 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.

Tze Shin International Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Tze Shin International Co'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)
=1.863/330.2130*330.2130
=1.863

Current CPI (Mar. 2026) = 330.2130.

Tze Shin International Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.633 241.018 2.237
201609 1.637 241.428 2.239
201612 1.403 241.432 1.919
201703 1.314 243.801 1.780
201706 1.254 244.955 1.690
201709 1.317 246.819 1.762
201712 1.228 246.524 1.645
201803 1.112 249.554 1.471
201806 1.200 251.989 1.573
201809 1.238 252.439 1.619
201812 1.221 251.233 1.605
201903 1.107 254.202 1.438
201906 1.176 256.143 1.516
201909 1.163 256.759 1.496
201912 1.201 256.974 1.543
202003 0.828 258.115 1.059
202006 0.716 257.797 0.917
202009 0.792 260.280 1.005
202012 0.842 260.474 1.067
202103 0.864 264.877 1.077
202106 0.907 271.696 1.102
202109 1.158 274.310 1.394
202112 1.256 278.802 1.488
202203 1.100 287.504 1.263
202206 1.065 296.311 1.187
202209 1.038 296.808 1.155
202212 0.656 296.797 0.730
202303 0.688 301.836 0.753
202306 0.853 305.109 0.923
202309 0.850 307.789 0.912
202312 0.886 306.746 0.954
202403 0.885 312.332 0.936
202406 0.878 314.175 0.923
202409 0.892 315.301 0.934
202412 0.971 315.605 1.016
202503 0.891 319.799 0.920
202506 0.904 322.561 0.925
202509 0.824 324.800 0.838
202512 0.934 324.054 0.952
202603 1.863 330.213 1.863

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 2.59 mean?
Tze Shin International Co (TPE:2611) has a Cyclically Adjusted PS Ratio of 2.59 as of Aug. 07, 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 Tze Shin International Co and its competitors. This is near median its historical median of 2.54. Over the past decade, Tze Shin International Co's Cyclically Adjusted PS Ratio has ranged from 0.65 to 5.80. According to the industry distribution chart, Tze Shin International Co ranks #609 out of 762 companies in the Transportation industry, placing it in the top 79.9%.
Is Tze Shin International Co's Cyclically Adjusted PS Ratio too high?
Tze Shin International Co's current Cyclically Adjusted PS Ratio of 2.59 is near median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 5.80. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. Tze Shin International Co's value of 2.59 is 187.8% above this industry median. Based on the distribution chart, Tze Shin International Co ranks #609 out of 762 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Tze Shin International Co has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tze Shin International Co's Cyclically Adjusted PS Ratio compare to competitors?
According to the Transportation industry distribution chart, Tze Shin International Co ranks #609 out of 762 companies for Cyclically Adjusted PS Ratio. This places Tze Shin International Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. Tze Shin International Co's value of 2.59 is 187.8% above this benchmark. Historically, Tze Shin International Co's own Cyclically Adjusted PS Ratio has ranged from 0.65 to 5.80 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 0.90, Tze Shin International 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 Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 762 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. Tze Shin International Co's current Cyclically Adjusted PS Ratio of 2.59 is 187.8% 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 Tze Shin International Co and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tze Shin International Co's current Cyclically Adjusted PS Ratio is 2.59, which is near median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tze Shin International Co stock overvalued right now?
Based on GuruFocus' analysis, Tze Shin International Co (TPE:2611) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$23.54, compared to a current price of NT$13.40 — trading 43.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.59, which is near median its 10-year median of 2.54 and 187.8% above the Transportation industry median of 0.90. Tze Shin International Co's overall GF Score™ is 58/100 with 7 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 Tze Shin International Co (TPE:2611), the current Cyclically Adjusted PS Ratio is 2.59 as of Aug. 07, 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 Tze Shin International Co (TPE:2611) Overvalued in 2026?

Based on GuruFocus' analysis, Tze Shin International Co stock appears to be undervalued. The current stock price of NT$13.40 is trading 43.1% below its estimated GF Value™ of NT$23.54. GuruFocus considers Tze Shin International Co to be Significantly Undervalued.

Key valuation signals for TPE:2611:

  • Cyclically Adjusted PS Ratio: 2.59 (near median its 10-year median of 2.54)
  • GF Value™: NT$23.54 vs. price of NT$13.40 (43.1% below fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 187.8% above the Transportation median (#609 of 762)

No single metric tells the full story. See the TPE:2611 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tze Shin International Co Business Description

Address Section 3, Civic Boulevard, 6th Floor, No. 206, Da\'an District, Taipei, TWN, 104
Tze Shin International Co Ltd operates in the shipping and ports industry. The Company offers long-distance container transshipment; Shipside transportation operations; container haulage; truck freight: transportation of chemicals, gasoline, and diesel tanks, lease of containers, racks, and equipment; and bulk goods; and entrust of construction companies to build commercial, industrial buildings, and public housing for sale and leasing. The company's revenue mainly comes from transportation services and the operation of international tourist hotels. The segments include: Hotel segment, Transportation segment, Construction segment and Other segment, of which Hotel segment derives maximum revenue.
58GF Score

Get the complete analysis for TPE:2611

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

NT$13.40
Price
NT$23.54
GF Value